- 123jump.com Staff
- 01 Sep, 2008
- New York City
Crude oil futures fell after the slow moving storm Gustav in the Gulf of Mexico was estimated to cause less damage than feared. The British pound fell to a two-year low to below $1.80 after mortgage approvals fell and manufacturing index showed a contraction. India exports in July increased 31.2% from a year ago to $16.3 billion after increasing at 23.5% in June. Japan auto sales in August declined and are likely to fall for the year, Toyota and Nissan sales fell but Honda sales increased.
- 123jump.com Staff
- 01 Sep, 2008
- New York City
Hong Kong stocks fell led by technology companies after personal computer maker Dell fiscal second quarter profit slumped 17%. Aluminum Corporation of China Limited, the largest producer of aluminum said first-half revenues dropped 64.08% to Rmb3.5 billion. Net profit in the quarter declined 65.56% to Rmb2.4 billion or Rmb18 per share.
- 123jump.com Staff
- 01 Sep, 2008
- New York City
Auto sales in August declined and are likely to fall for the year. Toyota, Honda and Nissan fell between 2% and 3% in trading. A day ago, Yasuo Fukuda, the prime minister of Japan resigned after months of trying to cobble a consensus on economic policites and political agenda that will lower government spending. Taro Aso is likely to lead LDP party election and may be voted as a replacement.
- 123jump.com Staff
- 01 Sep, 2008
- New York City
Exports in July increased 31.2% from a year ago to $16.34 billion after increasing at 23.5% in June. Imports rose 48.1% to $27.14 billion, yielding a trade deficit of $10.8 billion. The monthly trade deficits have been hovering around $10 billion and is expected to top $120 billion for the current fiscal year. Rising crude oil prices in the month contributed to 70% of the imports. Separately, monthly unit sales of Maruti Suzuki fell 9% in August from a year ago to 59,908.
- 123jump.com Staff
- 01 Sep, 2008
- New York City
The British pound fell to a two-year low to below $1.80 after mortgage approvals fell and manufacturing index showed a contraction. Base metals and precious metals prices fell in London. Crude oil prices dropped as impending tropical storm in the Gulf of Mexico weakened. Headlam Group declined 14% after it reported profit decline of 3.9%. Kenmare Resources, the titanium miner in Mozambique fell 10% after its sold $30 million in an offering.
- 123jump.com Staff
- 29 Aug, 2008
- New York City
The latest report on personal spending suggested a declining trend and a weak earnings from Dell dragged tech and retail stocks lower. Starbucks, Whole Foods, Darden Restaurants, Amazon, Target, Wal-Mart fell. Dell, Research in Motion, Intel, Apple and IBM fell as Nasdaq dropped more than 1.7%. Latin American markets closed lower across the region. European markets closed higher after Commerzbank may buy Dresdner Bank for 9 billion euros.
- 123jump.com Staff
- 28 Aug, 2008
- New York City
In London trading FTSE 100 rose 1.32% or 73.1 to 5,601.20. Of the 102 FTSE 100 stocks 83 rose, 18 declined, and 1 was unchanged. Sainsbury led advancers in the index shares with a rise of 7.92% followed by Wolseley increasing 5.87%. Nationwide Building Society reported today that house prices fell 1.9% from a month ago and 10.5% from the previous year to
- 123jump.com Staff
- 28 Aug, 2008
- New York City
The Ministry of Commerce reported today that India
- 123jump.com Staff
- 29 Aug, 2008
- New York City
The Statistics Bureau in Japan reported on its Web site today that the consumer price index in Japan rose 0.2% from the previous month and gained 2.3% from a year earlier. In Tokyo trading Nikkei 225 index rose 2.4% today and added 3.2% for the week and dropped 2.3% for the month, and the broader Topix Index rose 2.9% in the session. Industrial production rose 0.9% in July after it fell 2.2% in June. Nisshinbo Industries led advancers in the Nikkei 225 index shares with a rise of 10.47%.
- 123jump.com Staff
- 29 Aug, 2008
- New York City
U.S. stocks fell in the morning after weaker than expected data on personal consumption and expenditure. Crude oil gained as tropical storm brewed in the Gulf of Mexico. A decline in earnings from Dell suggested a slower spending in the U.S. and earl signs of similar trends in Europe and Asia. Consumer spending in July rose 0.2% after rising at 0.6% in June according to the latest data from the Commerce Department. Personal income dropped 0.7% after rising 0.1% in June and 1.8% in May.
- 123jump.com Staff
- 28 Aug, 2008
- New York City
U.S. stocks rose in the morning trading after the release of second quarter economic growth and weekly unemployment data. In the quarter economic growth boosted at 3.3% annual rate on rising exports on lower dollar and stimulus package from the government. Weekly unemployment claims matched the forecast but were at elevated level. Sears contune to struggle in sales as reported in the latest quarter.
- 123jump.com Staff
- 28 Aug, 2008
- New York City
Stocks in Japan edged higher lifted by rising commodities related stocks and news of acquisition from Ricoh. The office equipment company agreed to acquire IKON Office Solutions for $1.6 billion in cash, 33% premium from its 60-day trailing average price. More construction companies and home builders in Japan are expected falter in the rest of the year. July month saw nearly 1,140 bankruptcies in Japan, with nearly third of them from the construction industry.
- 123jump.com Staff
- 27 Aug, 2008
- New York City
Stocks in US, Canada, UK, Europe, Hong Kong and India rose. Better than expected durable goods orders drove stocks higher in the U.S., rising energy prices lifted stocks in UK and Canada. Peru and Brazil led gainers in the South America with the markets in the entire region closing higher. Stocks in Hong Kong and China rose on earnings from China Life, China Mobile, PetroChina and China Cosco. Mergers in IT industry lifted stocks in India.
- 123jump.com Staff
- 27 Aug, 2008
- New York City
Stocks in London rose tracking gains in energy and metals market. Taylor Wimpey reported first half revenue rose to
- 123jump.com Staff
- 27 Aug, 2008
- New York City
Stocks in Hong Kong and in Shanghai edged higher after several leading companies reported better than expected earnings. China Life, China Mobile, China COSCO and Jiangxi Copper reported better than expected earnings. Coal companies also gained on news that China will strengthen its enforcement of price caps on thermal coal. China Shenhua surged 5.7% and China Coal edged up 6.3%.