- Trupti Mehta
- 18 Jun, 2009
- New York City
UK stocks ended flat in a choppy trading after the release of weaker than expected retail sales in May. Marston
- 123jump.com Staff
- 18 Jun, 2009
- New York City
U.S investors focused on the upcoming government bond auction next week. The U.S. is expected to raise $104 billion in bonds that mature between two and seven years. Most bonds sold by the government are short term maturities that will probably rolled over at a higher cost in less than five years.
- Mayank Mehta
- 18 Jun, 2009
- New York City
Fertilizer stocks declined for the second day in a row on weak sales and pricing outlook. The J.M. Smucker surged after it offered positive outlook and reported better than expected sales and earnings. Clarcor Inc fell after earnings declined.
- 123jump.com Staff
- 18 Jun, 2009
- New York City
Energy, mining and financials were among the most active stocks in Shanghai and Hong Kong. World Bank revised its China economic growth projection to 7.2% and estimated foreign exchange reserves to increase by $218 billion. Coal miners and electric utility companies surged.
- 123jump.com Staff
- 18 Jun, 2009
- New York City
The Japan Iron and Steel Federation reported another monthly decline in domestic steel production in May. For the year steel production is 45% lower from a year ago. Steelmakers, autos and trading companies declined in Tokyo trading. Kawasaki Kisen led decliners among shippers.
- 123jump.com Staff
- 18 Jun, 2009
- New York City
The benchmark index in India dropped lower on the worries that some of the recent tax reliefs may be withdrawn by the government. Stocks declined as the fourteen week old rally falters, global markets are directionless and uncertainty on the national budget expected in three weeks.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
President Obama unveiled the overhaul financial regulations that failed to impress investors and Wall Street. The plan appears to satisfy lobby groups of various financial products purveyors but fails to tackle the core issues of leverage and high interest rates on consumer products.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
U.S. stocks struggled as the President Obama offered his plan to overhaul financial regulations. Ten healthy banks repaid $70 billion of funds to the U.S. government with interest. S&P lowered ratings on eighteen banks. Fertilizer stocks fall after K+S estimated lower international demand.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
European markets closed lower. Michelin plans to eliminate 2,900 positions in France. K+S lowered its outlook for the production and potash fertilizer prices for the second half. Aeroports de Paris completed Sfr 250 million bond offering.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
UK unemployment edged up to 7.2% in three months to April and increased at a slower pace than expected. J. Sainsbury completed offering of
- Darlington Musarurwa
- 17 Jun, 2009
- New York City
Stocks in Japan edged higher defying the decline in regional markets. Real estate stocks rallied on the expectations that recent tax break will spur housing demand. 20-year government bond auction drew more investors that expected.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
The talent management firm fourth quarter fee revenue fell 43.5% to $107 million and operating loss was $33.9 million compared to income of $20.2 million a year ago. Loss per share was 45 cents as against earnings per share of 36 cents a year ago.
- Mayank Mehta
- 17 Jun, 2009
- New York City
Watson Pharmaceuticals surges 5% after it agreed to pay $1.75 billion for Arrow Group. E*Trade plunges 15% after it proposed to raise $400 million in stock offering and $1 billion in debt. FedEx declined after it offered weaker than expected outlook for the fiscal first quarter.
- Darlington Musarurwa
- 17 Jun, 2009
- New York City
U.S. stocks edge lower after the release of consumer price index data. European markets tracked lower after the release of construction and UK unemployment data. E*Trade propose $1 billion of debt exchange and $400 million stock offering. FedEx estimates lower than expected first quarter earnings.
- 123jump.com Staff
- 17 Jun, 2009
- New York City
Mumbai stocks in volatile trading fell sharply in the last hours of trading. The benchmark index opened lower on a weak trading sentiment in the U.S. and worries that local markets may be stretched. The advance payments of taxes for the first fiscal quarter were nearly unchanged from a year ago.