- 123jump.com Staff
- 23 Sep, 2008
- New York City
Stocks in the Americas and Europe fell as more lawmakers voice their concerns on the lack of details about the U.S. bailout plan. The Fed chairman Bernanke and Treasury secretary Paulson failed to convice lawmakers why they need $700 billion and why there should not be more debate. Brazil falls 4%.
- 123jump.com Staff
- 23 Sep, 2008
- New York City
U.S. stocks accelerate their losses as lawmakers debate the details and size of the bailout plan. Executive compensation, the nature of auctions and regulatory oversights are some of the key concerns of the senators of both parties. Crude oil and metals prices fell on global worries.
- 123jump.com Staff
- 23 Sep, 2008
- New York City
European stock markets declined as mining and financial stocks fell. Investors are increasingly voicing their concerns with the lack of details in the U.S. $700 billion bailout plan which dragged financial stocks lower. Metal prices fall dragged mining companies in the region.
- 123jump.com Staff
- 23 Sep, 2008
- New York City
Benchmark stock index in India dropped more than 3% after nine domestic banks are estimated to have 2,000 crore rupees exposure to the U.S. financial crisis. ICICI Bank, HDFC Bank and State Bank of India dropped. Realty stocks fell after worries of the economic slowdown gripped investors.
- 123jump.com Staff
- 23 Sep, 2008
- New York City
Stocks in Australia fell as investors in the region sold financial stocks. Metals and crude oil prices surged as the U.S. dollar dropped. Sino Gold led the gainers in the ASX 200 index with a rise of 16% followed by gains in Babcok & Brown of 13%.
- 123jump.com Staff
- 23 Sep, 2008
- New York City
Hong Kong and Shanghai stocks fell 3.8% after investors worried that the U.S. bailout plan will spread inflation around the world. Transportation stocks fell after crude oil jumped. Mining stocks rose. China to issue 25 billion yuan of treasury bonds at 3.68% interest rate.
- 123jump.com Staff
- 23 Sep, 2008
- New York City
Stocks in New York edged higher as lawmakers debate details of the $700 billion bailout plan. Dollar traded lower against euro and Japanese yen. Crude oil traded lower after surging to a record one-day gain. Nomura agrees to buy Lehman banking asset in Europe and Middle East.
- 123jump.com Staff
- 22 Sep, 2008
- New York City
European markets in the region fell between 1.6% and 2%. Regulators in the region followed the U.S. initiative to ban short selling in financial stocks till the end of the year. Crude oil and metals prices increased and German auto companies fell. Banks in Ireland declined on ratings downgrade.
- 123jump.com Staff
- 22 Sep, 2008
- New York City
Stocks in Japan rose on the optimism that the U.S. bailout plan of $700 billion will improve liquidity in the credit markets. The Bank of Japan added liquidity to the system. Commodities prices gained as well. Taro Aso was elected as the leader of the LDP party. Konica Minolta surged 13%.
- 123jump.com Staff
- 22 Sep, 2008
- New York City
Australian stocks rallied after stocks in Asia and commodities prices gained. The U.S. bailout plan of $700 billion and Morgan Stanley sale of a stake to Mitsubishi UFJ lifted financials. Commodities stocks gained after gold, copper and zinc surged. Australia extend ban on short sales.
- 123jump.com Staff
- 22 Sep, 2008
- New York City
Goldman Sachs and Morgan Stanley sought and received approval to transform to depository institution under the supervision of Federal Reserve. Morgan Stanley agreed to sell up to 20% of stake to Mitsubishi UFJ of Japan. Crude oil and metals prices gain as dollar is expected to weaken.
- 123jump.com Staff
- 19 Sep, 2008
- New York City
Australia stock index surged tracking gains in the overnight trading in the U.S. markets. The Reserve Bank of Australia added A$1 billion liquidity as six other central bankers provided $247 billion in the new credit facility for the short term liquidity. The move lifted investors mood and financial stocks soared. Macquarie Group led advancers in the ASX 200 index shares with a rise of 37% followed by rises in Babcock & Brown of 25%, in Kagara Ltd of 25% and in Great Southern Ltd of 21.3%.
- 123jump.com Staff
- 19 Sep, 2008
- New York City
Stocks around the world rallied on the optimism that the U.S. plan to pump liquidity in the capital markets and purchase distressed mortgage bonds will resume normal lending activities. Regulators in the US and UK banned short selling. The move, though well intentioned appears to be motivated by the upcoming election than tacking the economic realities. Markets in Russia soared 29%, in China, Argentina and Brazil surged 10% and France and UK rose 9%. Indexes in U.S. rise 3.7%.
- 123jump.com Staff
- 19 Sep, 2008
- New York City
Hong Kong, Shanghai in record one day gains. Investors stampeded after Beijing eliminated trading tax and Hong Kong added liquidity to the market. Earlier, the U.S Fed and five other central banks added $247 billion in liquidity in the global credit markets. HK Monetary Authority added $1.56 billion in liquidity. Banks in China surged. ICBC, China Construction surged 16% and HSBC added 7.5%. Property stocks scaled higher. Shipping lines surged more than 25% after freight index rose.
- 123jump.com Staff
- 19 Sep, 2008
- New York City
Stocks in Japan rose after the Bank of Japan in coordination with other central banks added liquidity in the system. The new dollar liquidity is expected to unlock inter-bank lending. Nikkei 225 index rose 3.8% after U.S. markets surged in the overnight trading on the hopes that the U.S. government will purchase troubled mortgages. Banks, shipping lines, realtors and export sensitive stocks rallied. Separately, Toshiba lowered its annual sales outlook for the current fiscal year.