- Darlington Musarurwa
- 07 Jan, 2010
- New York City
Australia
- Mayank Mehta
- 07 Jan, 2010
- New York City
Wholesale price index and food prices hover near a high for the decade in India. Automakers brace for lower margin after the release of 12 new models. Hindustan Copper plans to raise $870 million. Rupee strengthens as foreign fund flows increase.
- 123jump.com Staff
- 07 Jan, 2010
- New York City
U.S. stocks followed world markets and traded lower in the early trading. Initial claims of unemployment increased 1,000 to 434,000 at the end of last week. Lennar, the troubled home builder Lennar reported a surprise quarterly profit but still lost money in 2009.
- 123jump.com Staff
- 07 Jan, 2010
- New York City
World markets declined after China let its interest rate increase and new finance minister in Japan reiterated the stance of weaker currency. The Bank of England left its key lending rate at 0.5% and kept the bond purchase plan intact.
- Mayank Mehta
- 06 Jan, 2010
- New York City
Stocks in Hong Kong and Shanghai increased as investors remained optimistic about economic prospects. Coal and aluminum related stocks gained after record low temperatures in Beijing drove the energy demand higher and disrupted aluminum and coal production.
- Mayank Mehta
- 06 Jan, 2010
- New York City
Japan appointed Naoto Kan to the finance minister post after Fujii resigned battling poor health. Kan is known for his critical views of the Bank of Japan. Stocks gained for the third day in a row after energy and resources related companies advanced. Mitsubishi UFJ plans to float yuan bonds.
- 123jump.com Staff
- 06 Jan, 2010
- New York City
U.S. stocks barely closed in the positive as commodities surge after severe weather in the Northern Hemisphere. Freezing weather lifted prices of energy to 14-month high and copper, wheat, sugar and silver added more than 2%. Private sector cut 84,000 jobs in December.
- Mayank Mehta
- 06 Jan, 2010
- New York City
New home construction permits in November increased 5.9% from October and auto sales in December increased but declined 7.4% in the year to 937,000. Stocks traded sideways after energy and metals prices hovered near their recent highs.
- Mayank Mehta
- 06 Jan, 2010
- New York City
European markets traded sideways ahead of earnings season next week. Industrial new orders declined 2.2% in November and producer prices increased 0.1%. Service sector in the euro region expanded in December.
- Mayank Mehta
- 06 Jan, 2010
- New York City
UK stocks pared gains after indexes that track consumer confidence and outlook declined. Autonomy Corp increased after it made positive comments. Marks & Spencer declined 7% after it reported lower than expected sales increases.
- 123jump.com Staff
- 06 Jan, 2010
- New York City
Family Dollar Stores, Inc led gainers in the S&P 500 index. Zep Inc turns to profit in first quarter. The Mosaic Company second quarter net income falls 89%. Synnex Corp fourth quarter net up. The agrochemicals maker Monsanto posts first quarter loss on weak sales.
- Mayank Mehta
- 06 Jan, 2010
- New York City
Mumbai stocks retained their momentum as evidence of economic health mount. The publisher of Hindi and Gujarati newspapers D.B. Corp on its first day of trading increased 25%. Bharat Heavy Electricals received an order to set up a solar power plant in Karnataka.
- 123jump.com Staff
- 06 Jan, 2010
- New York City
Stocks in New York were nearly unchanged after the release of private sector employment data. Orange juice futures traded near two-year high and natural gas and heating prices advance as well. Family Dollar surges 10% after quarterly net gains 14%.
- 123jump.com Staff
- 06 Jan, 2010
- New York City
Severe weather conditions affected lives in several countries from China, to Northern Europe to the U.S. Southeast. Crude oil, aluminum and orange juice futures contracts gained. Wholesale prices of electricity surged in France and Germany as temperatures drop to record lows.
- Mayank Mehta
- 05 Jan, 2010
- New York City
The benchmark index in India increased after direct tax revenues in the first nine months are ahead of estimates and more automakers launch small cars in India. Commodities linked stocks also gained after metals prices gained. Godrej Properties on its first day of trading settled 9% higher.