- 123jump.com Staff
- 01 Oct, 2008
- New York City
Stocks in New York traded sideways ahead of the U.S. Senate vote on the proposed bailout plan. Stocks of insurance companies declined sharply as earnings worries take hold. Principal Financial, Hatford Financial, MetLife and Prudential plunged more than 5%. GE plans to raise $12 billion.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
Japan stocks closed marginally higher ahead of the U.S. Senate vote but business sentiment continues to weaken. Wages in August fell 0.3% and auto sales for the first six months of the fiscal year declined 3%. Shipping lines fell as freight index drops.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
Manufacturing index suggested that the UK manufacturing has declined and service industry has lost its growth drive as consumer spent less and business face tighter lending. Xstrata Plc abandoned its hostile bid for Lonmin Plc and raised its stake to 25% in the company. Pound fell.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
Sensex in Mumbai trading gained on hopes that the U.S. will pass its bailout plan. Trade deficit for the first five months surged 44% on crude oil import bill rise of 77%. The sharp rise in oil prices lifted the trade deficit to $49 billion in the period. Software exporters gained on weak rupee.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
Farmers Mac surges 60% after it raised $65 million to meet its regulatory capital requirements and replaced its chief executive. Peabody Energy and Massey Energy plunge more than 10% as oil price decline and economic worries rise. Hartford Financial plunges more than 10% for the second day.
- 123jump.com Staff
- 01 Oct, 2008
- New York City
U.S. stocks traded lower after General Electric rating was lowered on weak earnings outlook in its financial services. GE dropped more than 7% and dragged market indexes lower with it. MetLife, Prudential and Hartford Life plunged on the earnings worries. Peabody Energy, Freeport McMoran drop 10%.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
Google dropped on erroneous trading and Nasdaq reset its price near $400. Hartford Financial Services plunged after Fitch puts its life insurance division related debt on a negative watch. Genworth Financial surged on the hopes that company will sell or spin off its mortgage unit.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
The benchmark indexes surged 5% in the U.S. and 2% in Europe on the hopes that the historic U.S. intervention of $700 billion will be approved before the end of the week. Crude oil gained but in the third quarter dropped nearly 30%. The dollar fell but rebounded and closed higher on a late surge.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
Australian stocks sharply lower after historic losses in the U.S. market indexes. Australia added liquidity in the system in coordination with the central banks in Europe and the U.S. Of the stocks in ASX index, 158 declined. Australian dollar fell against the U.S. dollar and crude oil dropped 10%.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
China markets recovered from earlier losses in the day and managed to close higher. The HKMA added liquidity to the system and issued revised guidelines for collateral requirements from Monday. Banks closed higher in trading. Shipping companies fell as freight index declined.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
UK stocks rebounded after a record one-day loss in trading on Monday in recent times. The financial stocks rebounded on the hopes that the U.S. will act soon on the troubled bailout plan. Tesco reported 13% rise in sales in the first half and 11% increase in earnings.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
Stocks in India recovered from earlier loss as investors focus on domestic economy. Sensex gain leads the regional markets trading. India current account deficit rose to nearly $11 billion as crude oil import bill surges. ICICI Bank rebounded in a volatile trading.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
Stocks in Japan and Asia fell after U.S. benchmarks suffered one of the sharpest declines in the recent decades. The Japan stock benchmark dropped 4% as financials fell. Mitsubishi UFJ invests $9 billion in Morgan Stanley. The investment of $3 billion in common stock is down 20% from the purchase.
- 123jump.com Staff
- 30 Sep, 2008
- New York City
U.S. Stocks recover at mid-day trading on the hopes that the Congress will pass a revised bailout plan. European markets closed higher. Dexia SA, the Belgian bank will receive an emergency financing of 6.6 billion euros after Fortis needed 11.2 billion from the government.
- 123jump.com Staff
- 29 Sep, 2008
- New York City
Stocks in Hong Kong plunged after investors worried that the widening credit market crisis in the U.S. may slowdown Chinese exports. China suspended iron ore imports from Brazil, after miner Vale raised prices by 11%. Sun Hung Kai dropped 5% after HSBC raised mortgage rates.