- Mayank Mehta
- 08 Jan, 2010
- New York City
Stocks in India closed lower but appear to charge ahead as the earnings season next week. International investors increase their net exposure to Indian stocks to record $74 billion. 2009 auto sales increased 18.7% to 1.43 million and truck sales more than doubled in December.
- Mayank Mehta
- 08 Jan, 2010
- New York City
European markets closed higher after Germany reported better than expected increase in exports. Unemployment in the region increased to 10%. The second read of the euro area GDP was unrevised at 0.4%. Airlines and airport operators increased after global traffic expanded in November.
- 123jump.com Staff
- 08 Jan, 2010
- New York City
UK producer price surge fuels inflation fears. The pound was nearly unchanged after the report. Ted Baker sales surge. Mitchells & Butlers remains cautious. Aberdeen Asset Management agrees to acquire a unit of RBS for
- Mayank Mehta
- 08 Jan, 2010
- New York City
UPS plans to cut 1,800 jobs and revised its fourth quarter outlook higher. Apollo Group declined after an investigation by Department of Education raised issues. MetroPCS declined as investors fear declining margins. Chipotle Mexican Grill surges 7%.
- Mayank Mehta
- 08 Jan, 2010
- New York City
U.S. stocks edged lower after employers trimmed 85,000 jobs in December. Commodities declined. November wholesale sales increased 3.3% and inventories added 1.5% but still down 11% from a year ago. Apollo Group fell 5.3% after quarterly earnings gained 33%.
- 123jump.com Staff
- 08 Jan, 2010
- New York City
Weather remained in focus in northern hemisphere as freezing weather affected commodities and people transportation. Unemployment in the euro area increased to 10% in November and third quarter GDP was decreased 4% from a year ago.
- 123jump.com Staff
- 07 Jan, 2010
- New York City
U.S. holiday sales rose 2.9% lifting sentiment in trading and benchmark indexes. Freezing weather has now touched nearly 60% of the U.S. population. China lifted its interbank rate. Agriculture commodities and metals declined.
- Mayank Mehta
- 07 Jan, 2010
- New York City
China raised its interbank rate for the first time in five months. The increase was slight, but signaled China
- Mayank Mehta
- 07 Jan, 2010
- New York City
European retail sales fell in November as the economic recovery is still fragile. The Bank of England kept its rates and bond purchase program in place. The ECB and central bank in Switzerland has already begun to unwind their bond purchase programs. Continental AG plan to raise
- Mayank Mehta
- 07 Jan, 2010
- New York City
The Bank of England left its key lending rate unchanged at 0.5% and kept its bond purchase plan unrevised. Auto sales in December surged on government incentives. UK home prices increased 1.1% in December and added 5.6% from a year ago. Persimmon gained. J Sainsbury same store sales increased 4.2%.
- Mayank Mehta
- 07 Jan, 2010
- New York City
GameStop Corp led the decliners in the S&P 500 index with a loss of 16.9% after it reported same store sales declined. Bed Bath & Beyond profit surged 72.5%. Ruby Tuesday swings to profit in second quarter. Same-store sales at JC Penney fell 3.8% but gained 1% at Macy
- Darlington Musarurwa
- 07 Jan, 2010
- New York City
Finance Minister Naoto Kan in a departure from his predecessor signaled that the government will prefer weaker yen and is prepared to stem the rising yen. The yen fell 1.1% but is still 18% higher than a year ago. Tokyo office vacancy rises to 8.1% in December. Sumitomo Mitsui to raise $8.7 billion.
- Darlington Musarurwa
- 07 Jan, 2010
- New York City
Australia
- Mayank Mehta
- 07 Jan, 2010
- New York City
Wholesale price index and food prices hover near a high for the decade in India. Automakers brace for lower margin after the release of 12 new models. Hindustan Copper plans to raise $870 million. Rupee strengthens as foreign fund flows increase.
- 123jump.com Staff
- 07 Jan, 2010
- New York City
U.S. stocks followed world markets and traded lower in the early trading. Initial claims of unemployment increased 1,000 to 434,000 at the end of last week. Lennar, the troubled home builder Lennar reported a surprise quarterly profit but still lost money in 2009.