- 123jump.com Staff
- 06 Nov, 2008
- New York City
Stocks in Hong Kong dropped 7% and in Shanghai declined 2.5% after higher than expected private sector job losses in the U.S. Japan and other markets in Asia fell as well. Cathay Pacific warned that fuel hedging contract will cost the company $360 million.
- 123jump.com Staff
- 06 Nov, 2008
- New York City
Stocks in Japan fell sharply on the weak earnings outlook from Toyota and sell off in the U.S. markets. Toyota Motor net revenue declined 6.3% in the first half and estimated annual profit to drop 68%. Isuzu Motors net in the first half fell 19% and lowered annual profit outlook.
- 123jump.com Staff
- 06 Nov, 2008
- New York City
U.S. stocks traded lower after Cisco estimated sales decline of 10% in the current quarter and News Corp reported weak results. European markets fell despite a rate cut in the region. The ECB and Swiss National Bank cut rate by 50 basis points and the Bank of England lowered it by 150 basis points.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
U.S. stocks dropped more than 5% and crude oil futures declined 7%. Nervous investors worried after steel companies lowered production targets and energy complex stocks fell. Private sector employment fell according to survey conducted by ADP.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
London stocks fell 2.3% on a slew of negative government reports that showed the UK manufacturing output dropped in September and service sector activity declined in October. Commodity stocks also plunged as oil and metal prices declined. ArcelorMittal lowered production target.
- Mayank Mehta
- 05 Nov, 2008
- New York City
Agrium Inc rose after third quarter revenues and earnings surged. ArcelorMittal plunged after it increased its cuts in production target for the fourth quarter. Blue Nile sales fell 3%. The Boston Beer Company and Kenneth Cole Productions reported quarterly losses.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
Australia lowered its budget surplus, economic growth and tax receipts collection targets for the next three fiscal years. Global economic slowdown is expected to lift unemployment and slow down household expenditures. September housing permits approval dropped 7.2% from August.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
Mumbai stocks fell sharply in the afternoon trading. Sensex index closed down nearly 5% and CNX Nifty index dropped below 3,000 mark. Wireless carriers fell after the government plan to impose higher additional taxes. Bharti Airtel dropped 4.5% and Reliance Communication declined 10%.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
Hong Kong and Shanghai market indexes surged on the hopes that the U.S. president-elect Barack Obama will revive the economic growth and exports from China may not decline next year. Manufacturing index in China declined in October from September. Interbank rates in Hong Kong fell to 2.55%.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
Stocks in Tokyo surged after the victory of Barack Obama in the U.S. Presidential election. Investors in Japan speculated that change in economic policies may revive the U.S. economy and exports from Japan faster. Sumitomo Heavy Industries surged 23% after it reported better than interim profit.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
U.S. stocks edge lower after the historic Presidential election. The president-elect Barack Obama is likely to increase infrastructure spending and accelerate the pullout of the U.S. troops from Iraq. The Libor rate dropped, but still hovers above the Fed rates. Japan and China closed up.
- 123jump.com Staff
- 05 Nov, 2008
- New York City
MasterCard reported third quarter revenue rise of 24% and a loss of $1.49 a share or $193.6 million. After excluding one-time charges the company reported net income of $2.47 a share and guided that it is likely to miss its earnings revenue target in the next year.
- 123jump.com Staff
- 04 Nov, 2008
- New York City
U.S. stocks rallied more than 3% on an election day. Hopes of U.S. Treasury injecting capital in non-financial companies lifted insurance stocks. European stocks rallied on better than expected earnings. Lower interbank rates lifted stocks in Japan and in Europe. Australia lowered its key rate.
- 123jump.com Staff
- 04 Nov, 2008
- New York City
Hong Kong October home sales dropped 17.8% from September and plunged 54% from a year ago. Energy stocks fell on a decline in oil price in the region. Mining stocks dropped after Baosteel lowered its production target for December.
- 123jump.com Staff
- 04 Nov, 2008
- New York City
The UK stocks surged after the retailer Marks & Spencer reported better than expected earnings and crude oil futures prices rose. Miners and energy stocks rose after a rise in copper and oil prices. Kazakhmys led advancers in the FTSE 100 index shares with a rise of 17.6%.