- 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%.
- 123jump.com Staff
- 27 Aug, 2008
- New York City
Stocks in Japan fell as fourth home builder filed for bankruptcy protection in as many months. Tight lending standards and revised and tougher building code pushed several home builders into financial distress. Tokyo office rent fell in August from July, a first monthly decline in three decades. The news of the bankruptcy dragged stocks lower.
- 123jump.com Staff
- 27 Aug, 2008
- New York City
Indian stocks fell despite the expectations of lower inflation in the next fiscal year. Tighter monetary policy from the Reserve Bank of India is expected to bring inflation under control. Financial and realtors fell in the trading session. Airlines declined as oil price in the region rose. FirstSource Solution rose 9% after ICICI Bank and two other shareholders sold their combined stake in the outsourcing company.
- 123jump.com Staff
- 27 Aug, 2008
- New York City
Durable goods orders rose 1.3% in July matching the rise in June. The better than expected increase in orders lifted stocks in the morning trading. Tropical storm Gustav, after dropping rain in Haiti appears to heading towards Gulf of Mexico. In earnings news, China Mobile earnings rose sharply as it adds more than 20 million subscribers. PetroChina earnings fell on losses in its refining business.
- 123jump.com Staff
- 26 Aug, 2008
- New York City
U.S. stocks edged higher as crude oil and natural gas futures rose and industrial metals fell but precious metals closed higher. New home sales in July fell compared to a year ago as tight lending conditions and falling confidence in the economy kept buyers away. The U.S. dollar rose against most major currencies. Stocks and ruble in Russia fell sharply as stand-off with NATO continues as Russia declared two regions independent from Georgia. German business and consumer confidence declines.
- 123jump.com Staff
- 26 Aug, 2008
- New York City
Stocks in London fell marginally and tracked the volatility in crude oil futures and metals markets. A weak reading on German business and consumer confidence weighed on the trading in the European region. Home mortgage approval in UK in July fell 65% as lenders kept tighter control. Home equity loans hovered around 50% of total loans issued. Mortgage lending in the month rose