- 123jump.com Staff
- 04 Feb, 2009
- New York City
European stocks advance on a rise in commodities. Euro tumbles against dollar and yen on weak retail sales. Eurostat reported December retail sales declined 1.6% compared to a year ago and revised November sales were lowered. Roche fell on weak earnings.
- 123jump.com Staff
- 04 Feb, 2009
- New York City
Stocks in London rallied on a rise in commodities prices. A private estimate lifted its estimate of the shrink in the economy to 2.7% from 0.9% in the earlier estimate in November. A manufacturing index in January showed a decline but at a slower pace.
- Mayank Mehta
- 04 Feb, 2009
- New York City
Textron led the decliners after it was forced to tap in the credit line to boost its liquidity and repay its commercial paper debt. CB Richard Ellis and Jones Lang LaSalle surged after JLL exceeded the earnings expectations.
- 123jump.com Staff
- 04 Feb, 2009
- New York City
A rally in stocks in India came to a halt after the tax department estimated a shortfall of 12.5% in collection in the first eleven months of current fiscal year. However, the government maintained that the collection will meet its target.
- Darlington Musarurwa
- 04 Feb, 2009
- New York City
Manufacturing activity in China contracts but at a slower pace in January. Steel and base metal makers traded higher on a rise in commodities prices. Commercial property builders in Hong Kong dropped for the second day in a row on rising negative equity mortgages and continued fall in property price
- 123jump.com Staff
- 04 Feb, 2009
- New York City
Stocks in Australia fell 2% on weak new building approvals and despite retail sales increase. Building approvals fell in December as construction industry suffers its one of the worst declines in a decade. December retail sales rose 3.8%. BHP Billiton first half profit declined 57%.
- Darlington Musarurwa
- 04 Feb, 2009
- New York City
Tokyo stocks charged ahead on the hopes that recent market share gains by the automakers in the U.S. will sustain exports. Panasonic third quarter operating profit declined 84% and sales dropped 20%. The company estimated loss of $4.2 billion and plans to cut 15,000 jobs.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
U.S. stocks rebounded on the hopes that the government will soon increase its efforts to forestall the widening recession and looming job losses. Vodafone sales rise lifted telecom and broader market indexes in European trading.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
SanDisk Corp plunged after it reported larger than expected loss. DR Horton surged after it reported narrower loss on cost cutting. Motorola declined 9% after it reported fourth quarter loss on a charge related to mobile handset division. UPS rose 4.6% after it reported profit.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
The stocks in UK and in Europe closed higher after a reversal in the afternoon trading. Vodafone reported better than expected sales increase, largely based on the strength in new customers in India. The Bank of England and the U.S. Fed agreed to extend the terms of currency swap arrangement.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
European stocks gained after earnings from Vodafone lifted telecom sector. Earnings in Germany and in France lifted mood in trading on smaller than expected loss at Heidelberg Druck. BNP Paribas dropped on the worries that merger of Fortis assets may be delayed.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
Sales of automobiles in India declined in January on tight lending conditions and weak consumer confidence. Tata Motors sales dropped 33% and Mahindra Mahindra sales fell 21%. Market leader, Suzuki sales rose on demand for smaller cars.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
China offered yet another stimulus package this time focused on low income housing, healthcare and education sectors. Trade between Hong Kong and Mainland China rises by 3.3%. Property stocks declined as more home loans fall in negative equity status in Hong Kong.
- Darlington Musarurwa
- 03 Feb, 2009
- New York City
The Reserve Bank of Australia lowered its key lending rate by 100 basis points to 3.25%. The bank gave a weak economic conditions outlook. Separately, Australia unveiled A$42 billion plan to create jobs and investment in infrastructure. Stocks edged higher.
- 123jump.com Staff
- 03 Feb, 2009
- New York City
The Bank of Japan announced a plan to buy liquid stocks and other highly rated securities from banks that are battered by rising losses. The latest move by the Bank of Japan will add more capital in the financial system and may spur lending. Banks have been reluctant to lend. Denso forecasted loss.