- 123jump.com Staff
- 02 Feb, 2009
- New York City
European stocks fell after nervous investors worried about banks and earnings in the industrial sector. The euro edged lower and Russian ruble dropped to a 11-year low. A ratings downgrade for Barclays dragged banks in the region and most French banks dropped between 10% and 14%.
- 123jump.com Staff
- 02 Feb, 2009
- New York City
U.S. stocks declined afer a manufacturing index indicated shrinking activities in the sector. The weak earnings and more layoffs unnerved investors. The second largest retailer Macy''s eliminated 7,000 jobs and cut dividend per share to 5 cents from 13.25 cents and buyback $950 millions of bonds.
- Mayank Mehta
- 02 Feb, 2009
- New York City
U.S. stocks traded sideways. Bank of America faced more skepticism for its recent purchase of Merrill Lynch and the bank may be forced to raise more than $85 billion in bailout from the government. Rockwell Automation dropped on lowered earnings outlook. Piper Jaffray and Mattel dropped on earnings.
- 123jump.com Staff
- 02 Feb, 2009
- New York City
UK manufacturing in January declined as domestic orders and export orders weaken. Stocks in London trading dropped after Moodys lowered its rating on the debt rating for Barclays. Barclays dropped 10%. Rio Tinto rose after Chalco showed interest in acquiring minority interests.
- 123jump.com Staff
- 02 Feb, 2009
- New York City
Stocks in Mumbai fell after 8% surge in January. The benchmark index Sensex dropped 3.8%. Investors focused on weak exports and falling foreign exchange reserves. Rupee weakened again flirted near record low against dollar. DLF plunged 14% on 69% fall in earnings. M&M net dropped 93%.
- Darlington Musarurwa
- 02 Feb, 2009
- New York City
Stocks in Hong Kong fell 3.1% after a week-long closure. Investors are increasingly concerned that stimulus package from the goverment may be not enough and come too late to prevent the economy from shrinking further. Stocks in Shanghai rose. Fiscal deficit in China rose 20% in 2008.
- 123jump.com Staff
- 02 Feb, 2009
- New York City
Stocks in Tokyo trading declined 1.5% after Hitachi estimates a loss in the current year. The sharp reversal in the estimate from profit only highlights the widening global recession affecting trade between Japan, China and the U.S. In another confirmation, the office vacancy rose in Tokyo.
- 123jump.com Staff
- 02 Feb, 2009
- New York City
Manufacturing in Australia declined in January as miners and supporting businesses shrink production. The sharp fall in the index shows a rapid widening of the slow down in the economy. A separate report showed that home prices in the last quarter ending in December declined in eight large cities.
- 123jump.com Staff
- 30 Jan, 2009
- New York City
The benchmark stock index in London trading dropped 1% after consumer confidence declined and luxury home price index fell in December. Homes priced more than
- 123jump.com Staff
- 30 Jan, 2009
- New York City
Foreign currency rserves of India declined $4.5 billion to $247.6 billion at the end of last week. Core rate of economic growth declined at 2.3% in December. Tata Motors reported 263 crore rupees in the latest quarter. Adani Enterprises net in the quarter dropped 54%. L&T profit nearly tripled.
- 123jump.com Staff
- 30 Jan, 2009
- New York City
The preliminary read on the fourth quarter U.S. GDP suggested a decline in real and nominal terms. The twin decline, a first in fifty years may indicate a weakness in corporate profits in the fourth quarter. Industrial production in Japan fell sharply and exports from Hong Kong declined.
- 123jump.com Staff
- 30 Jan, 2009
- New York City
Hong Kong exports in December fell more than 11% and for the year declined 5%. Exports declined 15% to the U.S. and dropped 12% to china. Chine imported 51% of its crude oil needs in 2008. Stocks in Hong Kong trading rose on a surge in shipping companies.
- Mayank Mehta
- 30 Jan, 2009
- New York City
U.S. stocks edged lower on weak economic growth report. Amazon.com increased on higher sales and earnings. Monster Worldwide declined on 37% decline in earnings. Chevron and ExxonMobil gained after reporting better than expected earnings.
- 123jump.com Staff
- 30 Jan, 2009
- New York City
The fourth quarter GDP declined at an annual rate of 3.8% on weak consumer spending, residential investments and weak exports. Stocks in the early morning dropped on weak economic data. Amazon.com fourth quarter sales increased 18% and net rose 9%.
- 123jump.com Staff
- 30 Jan, 2009
- New York City
Stocks in Australia gained on a rise in gold price. Despite a decline in interest rate and significant increase in lending availability from the Reserve Bank of Australia, the lending fell 0.3% in December. Separately, Rio Tinto sold its iron ore mine and potash assets for $1.6 billion.