- Bikram Pandey
- 16 Sep, 2010
- New York City
U.S. stocks struggled but managed to close higher on low trading volume. Gold edged closer to record high. FedEx declined after it issued a cautious outlook for the second quarter and first quarter net doubled. European trade surplus surged and UK retail sales dropped.
- Devan Biswas
- 16 Sep, 2010
- New York City
GameStop Corp surged after it announced a plan to buy back stocks. Pier 1 Imports Inc gained more than 4% after reporting higher than expected sales and profit. FedEx Corp declined after it reported lower than expected sales.
- Arthi Gupta
- 16 Sep, 2010
- New York City
The UK indexes dropped after retail sales fell in August. Food stores fell 0.5% and non-food stores dipped 0.7% in August. The Confederation of British Industry estimated manufacturing growth in the next three months. Kesa Electricals plc four-month sales increased 8.2%.
- Arthi Gupta
- 16 Sep, 2010
- New York City
The European indexes fell after euro area trade surplus surged in July. The EU proposed stringent measures to curb short selling. Private estimate of Swiss growth in 2010 was revised higher and Swiss central bank retained its key interest.
- Arthi Gupta
- 16 Sep, 2010
- New York City
U.S. stocks declined after weekly jobless claims fell 3,000 to 450,000. Producer prices increased 0.4% and foreclosure filings fell in August. FedEx net surged 110% to $380 million. IBM agreed to buy OpenPages. OpenTable agreed to acquire UK based restaurant reservation and review company.
- Chandrasekhar Atreya
- 16 Sep, 2010
- New York City
Reserve Bank lifted rates as expected but showed its inability control rising inflation in the near future. The statement noted that inflation is likely to remain high for an extended period and recent volatile industrial production is also not desirable. Seven day rally in Sensex halted.
- Chandrasekhar Atreya
- 16 Sep, 2010
- New York City
Stocks in China region fell on loan curb concerns. U.S. asks WTO to probe into unfair trade practices by China. Anshan Iron & Steel, first Chinese company to build a steel mill in the U.S. China Mobile plans to introduce a 4G service that will increase data speed by a factor of ten.
- Chandrasekhar Atreya
- 16 Sep, 2010
- New York City
The benchmark Tokyo index closed unchanged after the decline in domestic companies overwhelmed the rise in export stocks. Bank of Japan in a coordinated action conducted the sale of $16 billion of yen to fight the strengthening yen. Marubeni plans to acquire upstream energy assets in Australia.
- Chandrasekhar Atreya
- 16 Sep, 2010
- New York City
The index of stocks in Australia declined more than 1% after rallying for 3-day rally. Australian economy is increasingly linked with the Chinese economy according to a government report. Merchandise import drops in August. CNPC signs an agreement with Chevron to develop Wheatstone LPG project.
- 123jump.com Staff
- 15 Sep, 2010
- New York City
U.S. stocks recovered from the early losses after mixed economic reports and Japan intervened in the currency markets. U.S. dollar rose against the yen more than 3% after $16 billion intervention. European markets fell after inflation slowed in the month and employment static in the quarter to June.
- Arthi Gupta
- 08 Oct, 2010
- New York City
The European indexes rose after German manufacturing turnover improved but trade surplus and exports declined in August. French budget deficit widened in August but industrial confidence gained in September.
- Bikram Pandey
- 15 Sep, 2010
- New York City
AK Steel plunged more than 5% after the company revised third quarter operating loss. Beazer Homes declined after it lowered home sales and lot improvement spending outlook. Cisco plans to initiate dividend. Genpact Ltd surged on the buyout rumors.
- Arthi Gupta
- 15 Sep, 2010
- New York City
The UK indexes weakened after jobless claims rose in August. The BoE Governor Mervyn King reiterated that government
- Arthi Gupta
- 15 Sep, 2010
- New York City
The European indexes declined after euro-zone inflation slowed in August and employment remained static in the second quarter. The OECD urged Turkey for withdrawal of monetary stimulus. The IMF noted Greek fiscal consolidation program on track.
- Arthi Gupta
- 15 Sep, 2010
- New York City
U.S. stocks traded lower after import prices rose 0.6% in August and mortgages applications fell for a second consecutive week. ACE agreed to acquire Rain and Hail for $1.1 billion. HealthSouth reaffirmed its annual earnings outlook.