- 123jump.com Staff
- 11 Feb, 2010
- New York City
U.S. stocks traded lackluster after weekly jobless claims decreased and the EU leaders said that Greece will not be left alone and a bailout package is in works. PepsiCo Inc fourth quarter earnings nearly doubled. Prudential Financial adjusted earnings increased but lower than expected.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
World markets rebounded after positive economic news from China and strong consumer demand in India. European markets traded higher after Greece, Germany and France inch closer to a financial assistance package. Australian unemployment drops to an 11-year low.
- Mayank Mehta
- 11 Feb, 2010
- New York City
China home prices soared 9.5% in January and lending surged to $202 billion, 14% lower than a year ago but higher than the total in the fourth quarter 2009. Mainland China inflation in the month was 1.5%, lower than expected. Stocks gained after lower than inflation and a decline in M2 money supply.
- Mayank Mehta
- 11 Feb, 2010
- New York City
Mumbai stocks surged after Reserve Bank of India increased transparency in how it determines interest rates. January exports increased 11.5%. DLF said residential sales in the month were satisfactory. Unitech sells 7.2% stake in its wireless unit to Telenor Asia.
- 123jump.com Staff
- 11 Feb, 2010
- New York City
Stocks in Sydney trading gained after employers added 52,000 workers in January. The sharp gain in payrolls dragged unemployment rate to an 11-year low of 5.3%. The Australian dollar strengthened. Telstra first half profit declined 3.3%. Rio Tinto full year profit increased 33%.
- 123jump.com Staff
- 10 Feb, 2010
- New York City
U.S. stocks gyrated after Fed Chairman Bernanke laid out his plan to unwind stimulus and tighten monetary policy. Treasury yields rose and a auction drew a weak response. December trade deficit increased. Northeast U.S. face blizzard conditions with most government offices closed in Washington, D.C.
- Mayank Mehta
- 10 Feb, 2010
- New York City
Stocks in Shanghai and Hong Kong closed higher ahead of weeklong Lunar New Year holiday next week. Resource linked stocks and automakers closed higher. Shanghai index for the year is down 9%. China exports surged 21% in January and imports soared 85.5%.
- 123jump.com Staff
- 10 Feb, 2010
- New York City
Mumbai stocks closed lower on the worries that stimulus may be withdrawn sooner than expected. Cement makers rise for the second day after cement sales increased 15% in January. Uttam Galva promoters plan to sell 4.9% stake to Arcelor Mittal. Iraq offers to increase crude oil supply by 60% to India.
- Mayank Mehta
- 10 Feb, 2010
- New York City
European indexes closed higher ahead of the EU summit and a prospect of a Greek bailout. However, Greece may face tough conditions for any financial assistance. January passenger traffic increased at Fraport AG. PSA Peugeot Citroen full year revenues dropped 11%.
- Mayank Mehta
- 10 Feb, 2010
- New York City
UK financials closed higher ahead of the EU summit tomorrow. BHP Billiton sales declined 17% in the first half. ICAP soared 11% after it was recommended by two brokers. Reckitt Benckiser Group increased 1.7% after it reported higher than expected earnings. Autonomy Corp dropped 5%.
- 123jump.com Staff
- 10 Feb, 2010
- New York City
The global payment services company reported revenue declined 7% to $296.4 million in the quarter. Net quarterly loss was $3.6 million. The company lost 4 cents a share compared to gains of 22 cents a share the prior-year quarter. Revenue rose 26.4% to $1.17 billion for full-year 2009.
- Mayank Mehta
- 10 Feb, 2010
- New York City
Tiffany led gainers in the S&P 500 index with a rise of 3.5%. Marsh & McLennan''s quarterly net falls. ArcelorMittal swings to profit but sales decline 16% and estimates lower than expected quarterly sales. Baidu Inc guides higher quarterly sales. Dean Foods Co. adjusted profit below expectations.
- 123jump.com Staff
- 10 Feb, 2010
- New York City
U.S. goods and services deficit increased in December to $40.2 billion from $36.4 billion in November. 2009 deficit dropped to $380.7 billion from $695.9 billion a year ago.
- 123jump.com Staff
- 10 Feb, 2010
- New York City
U.S. stocks fluctuated after the December trade deficit increased but declined sharply in 2009. For the year deficit dropped to $380.7 billion. Micron Technology agreed to acquire flash chip maker Numonyx Holdings BV for $1.25 billion. ArcelorMittal dropped after it guided lower than expected net.