- Mayank Mehta
- 22 Oct, 2009
- New York City
Stocks in London closed lower after miners and commodities priced declined. China reported rising inflationary pressures as the economy expanded at 8.9% in the third quarter. September retail sales rose 2.4% from a year ago. Punch Tavern and Enterprise Inns surged on a favorable ruling.
- Mayank Mehta
- 22 Oct, 2009
- New York City
New York Times led the gainers after it reported better than expected operating profit on the higher retail sale prices and operations cost cuts. Janus led the decliners after it reported weaker than expected earnings. 3M Company gained on earnings. AT&T reported flat quarterly net.
- 123jump.com Staff
- 22 Oct, 2009
- New York City
U.S. stocks fell in the morning trading after weekly jobless claims increased. Beige Report painted weak economic outlook and indicated patchy and uneven recovery. Quarterly reports released at most companies today indicated weak sales and falling earnings.
- Mayank Mehta
- 21 Oct, 2009
- New York City
European markets closed lower after a weakness in industrial and financial stocks in the region. PSA Peugeot declined on weak sales outlook. Deutsche Bank reported earnings and a weak investment banking performance in the U.S. The luxury brands manager PPR SA fell after it reported weak sales.
- Mayank Mehta
- 21 Oct, 2009
- New York City
UK stocks closed nearly unchanged after early losses. BAA Ltd sold Gatwick airport for
- Mayank Mehta
- 21 Oct, 2009
- New York City
SLM Corp led gainers in the S&P 500 index with a rise of 19.6%. Air Products & Chemicals, Inc third quarter profit falls on lower revenue. U.S. Bancorp increased after quarterly revenues surged 26.5%. KeyCorp dropped after earnings dropped more than expected.
- Mukesh Buch
- 21 Oct, 2009
- New York City
U.S. stocks closed lower on the weakness in banks. Analyst downgrade of Wells Fargo dragged the market sentiment lower. Morgan Stanley closed higher on earnings. Allegheny Technologies led the decliners in lower than expected sales and earnings. SanDisk surged on higher sales outlook.
- 123jump.com Staff
- 21 Oct, 2009
- New York City
U.S. stocks trade lower as investors face rising interest rates in UK and Asia. Treasury Secretary Geithner indicated that initial TARP programs may be terminated and bank capital purchase program will be permitted to expire at the end of this year. Yahoo, Boeing and Morgan Stanley are in focus.
- Mayank Mehta
- 21 Oct, 2009
- New York City
Sesa Goa fell after earnings but indicated three-fold iron ore production increase to meet China demand. Banks declined after the Reserve Bank of India ruling may force higher competition among lenders and lower rates to borrowers. State Bank of India raised $750 million through the sale of bonds.
- Mayank Mehta
- 21 Oct, 2009
- New York City
BHP Billiton reported higher oil and iron ore production in the third quarter but indicated softer demand from China. Centro Properties was sued by the Australian regulators. A significant number of shareholders registered protest to the remuneration of its former chief executive.
- Darlington Musarurwa
- 20 Oct, 2009
- New York City
Stocks in China region gained on the back of a rally in New York and European markets. Dollar weaknesses lifted resource stocks and commodities prices in the region. China Mobile reported nine months earnings as the number of subscribers increase above 500 million.
- Mayank Mehta
- 20 Oct, 2009
- New York City
Rupee traded higher after Diwali holidays as international investors continue to add to holdings. Stocks closed lower but stayed firm near the recent highs. Government plans to sell 5% stake in NTPC. Reliance Industries commenced its arguments in the Supreme Court in India.
- Mukesh Buch
- 20 Oct, 2009
- New York City
Weak U.S. housing data raised questions about the health of the housing markets and nature of economic recovery. Home builders fell. Earnings were in focus. Coca Cola, State Street and Boston Scientific were among the most active stocks in trading.
- Mayank Mehta
- 20 Oct, 2009
- New York City
European stocks traded lower in the afternoon after the release of weak U.S. housing data. Deutsche Bank agreed to acquire assets from ABN Amro. Volkswagen fell after it agreed to purchase 49.9% of Porsche SE. Valeo SA reported a net profit in the third quarter and raised its outlook.
- Mayank Mehta
- 20 Oct, 2009
- New York City
Stocks in London traded lower. Autonomy fell nearly 7% after quarterly net rose less than expected. Barclays dropped more than 5% after Qatar based investment fund took a profit of nearly $1 billion and lowered its holding in the bank to 7%. Pearson increased on earnings outlook.