- 123jump.com Staff
- 03 Jun, 2009
- New York City
Australian government is not forthcoming with details of steps taken to protect the security of Indian students. As many as 20 students have been attacked in less than three months and Deputy Prime Minister has not made any statement in the last six days.
- 123jump.com Staff
- 03 Jun, 2009
- New York City
Australian stocks and dollar are likely to fall after weak global markets. Devine Ltd, the home builder lowered its earnings outlook. Students from India are the target of racially motivated crimes in Australia. The government and police have still to explain the cause of the recent violence surge.
- 123jump.com Staff
- 03 Jun, 2009
- New York City
Fed Chairman urged the U.S. lawmakers to trim budget deficit and make hard choices. His plea is likely fall on deaf ears as U.S. faces historic budget deficit of $1.8 trillion. World markets rally of ten weeks appear to run out of steam after major indexes surge between 35% and 70%. Crude oil and gold declined.
- 123jump.com Staff
- 03 Jun, 2009
- New York City
The European benchmark indexes fell as global slump dragged market indexes. The U.S. private sector eliminated more than 530,000 jobs. ArcelorMittal may idle as much as 40% workers for as long as one year in Spain. Automakers in Germany fell after the weak sales in the U.S. last month.
- Darlington Musarurwa
- 03 Jun, 2009
- New York City
UK stocks fell tracking the declines in commodities prices. The rally in stocks is now ten weeks long and investors are increasingly shying away from rising valuations. British Air reported a fall in May traffic but traffic at Ryan Air rose. Service sector expanded in the last month.
- Darlington Musarurwa
- 03 Jun, 2009
- New York City
Stocks in Japan closed higher for the sixth day in a row. Optimistic investors are banking on a global economic recovery and strengthening commodities prices to lift earnings. Industrials, chemicals and energy and commodities related stocks closed higher.
- Mayank Mehta
- 03 Jun, 2009
- New York City
Aetna dropped 7% after it lowered its earnings outlook for the year. Tivo surged after it won a court ruling in its favor. Valero fell after it estimated quarterly loss and proposed to sell 40 million shares. Williams-Sonoma first quarter sales dropped 22% and swings to loss.
- 123jump.com Staff
- 03 Jun, 2009
- New York City
U.S. stocks edged lower after investors worried that stocks may have advanced too fast. The world markets in the last ten weeks have erased the losses of the year and are now in the positive territory for the year. Foreign investors increase their investments in Russia, China and India.
- 123jump.com Staff
- 03 Jun, 2009
- New York City
In hectic trading, investors in Mumbai snapped up industrial, cement and consumer stocks. The optimism about the economy, rising international interest and new infrastructure projects are still contributing to investor enthusiasm. Investor confidence in trading was palpable.
- Darlington Musarurwa
- 02 Jun, 2009
- New York City
Australian dollar edged higher in New York trading to close near 82 U.S. cents. The Reserve Bank of Australia left its cash rate unchanged for the second month in a row at 3% and cited the prospect of weak inflation in medium term. Commodities and financial led the most active stocks in trading.
- 123jump.com Staff
- 02 Jun, 2009
- New York City
U.S. stocks edged higher as banks, healthcare and construction stocks gained. JP Morgan Chase, SunTrust Banks and American Express raise capital as required by the regulatory agencies. Morgan Stanley plans to raise additional $2.2 billion. EU unemployment rises and UK mortgage approvals gain.
- Darlington Musarurwa
- 02 Jun, 2009
- New York City
The euro region unemployment increased in April with Spain and Baltic nations leading. French producer price index declined in April at a faster rate in the last three months. Volkswagen surged on potential merger with Porsche. Bouygues SA operating profit plunged 55%.
- 123jump.com Staff
- 02 Jun, 2009
- New York City
UK stocks declined on weak banking stocks. Strategic investor in Barclays sold stock only after holding the stake for less than seven months. Kingfisher net sales and earnings increased. The advertising giant WPP Plc fell after it reported 6.7% decrease in revenues in the first four months.
- Mayank Mehta
- 02 Jun, 2009
- New York City
EMC proposed to acquire Data Domain for $30 a share or $1.8 billion. SunTrust increased 11.7% after it completed $1.6 billion offering and Morgan Stanley said it plans to raise $2.2 billion. The Pepsi Bottling Group increased after it raised its quarterly and annual earnings estimate.
- 123jump.com Staff
- 02 Jun, 2009
- New York City
The specialty athletic retailer quarterly sales declined 7.1% to $1.2 billion on comparable-store sales fall of 2.4%. Net income surged 933% to $31 million on lower operating expenses in the quarter. Earnings per share soared to 20 cents from 2 cents a year-ago quarter.