- 123jump.com Staff
- 21 Feb, 2008
- New York City
Hong Kong stock indexes reversed 1.8% % gain in the morning session to close marginally up as commodity and energy stocks continue to rise on the back of metals and crude oil gains. PetroChina Co Ltd jumped 1.4% to HK$11.86 and CNOOC Ltd increased 1.6% to HK$12.98. Aluminum Corp of China gained 5.4% to HK$14.94 and Jiangxi Copper edged up 6.3% to HK$18.26. Cathay Pacific Airways declined 2.2% to HK$16.18 and China Eastern Airlines fell 1.9% to HK$5.31 on rising oil prices.
- 123jump.com Staff
- 21 Feb, 2008
- New York City
January trade deficit in Japan rose to 79.3 billion yen from 3.5 billion yen in January 2007. Rising crude oil prices lifted oil import by 41% and overall imports by 9%. The seasonality in the Japan business cycles and holidays often leads a deficit in January month in international trade. While trade surplus with the U.S. declined 4.8%, trade deficit with China declined 5.8% from a year ago.
- Mayank Mehta
- 21 Dec, 2009
- New York City
European market indexes edged higher as the prospect of economic recovery looks brighter in the region. Estimates of economic growth were revised higher by the European Commission and a trade group in the UK. Safran SA gained on $5 billion orders from China.
- Mayank Mehta
- 21 Dec, 2009
- New York City
UK stocks edged higher after the Confederation of British Industries revised higher its economic and interest rate outlook. Commodities, metals and energy prices inched higher. LSE will merge its dark pool trading platform with Turquoise and take a 60% stake.
- Mayank Mehta
- 21 Dec, 2009
- New York City
Stocks in New York traded higher as the U.S. Senate nears a historic healthcare system overhaul. Healthcare insurers led the gainers. Three separate deals worth $4 billion drove stocks higher. TreeHouse, Bucyrus International and Chattem surged on merger deals.
- Darlington Musarurwa
- 21 Dec, 2009
- New York City
Australian stocks edged lower but commodities closed higher. Lend Lease plans to spend A$6 billion to develop Barangaroo financial precinct in Sydney. Qantas Airways profit before tax in the current fiscal half year may fall between A$50 million and A$150 million.
- Darlington Musarurwa
- 21 Dec, 2009
- New York City
Chinese government is targeting at least 8% economic growth in 2010 and industrial production increase of 11% matching the rates in 2009. Rising domestic spending, government stimulus and increased bank loans are driving the economic expansion.
- Darlington Musarurwa
- 21 Dec, 2009
- New York City
Stocks in Tokyo traded higher on the rebound in commodities prices. November exports declined 6.2% from a year ago month but edged 4.9% higher from October. Previously owned condo prices in Tokyo declined 2.4% in the month. Honda plans to add vehicle manufacturing capacity in China.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
IG Metall, largest labor union in Germany secured 5.2% pay rise for its nearly 85,000 members from March of 2008 for the next 13 months. Separately, producer price index in Germany increased 3.3% from a year ago in January. RWE AG, second largest electric utility plans to buyback stocks worth 2.5 billion euros and EDF in France fell after it reported that annual profit may be flat on rising costs. BNP Paribas reported 42% decline in fourth quarter but for the year profit rose 7%.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
January CPI index rose at 0.4% from December or at 4.3% from a year ago sparking fears of inflation. In the afternoon the Fed statement reiterated that downside risk to the economy remains high but the higher than normal level of inflation may cause a policy reversal. The Fed lowered its outlook for economic growth between 1.2% to 2.0% from its October outlook between 1.8% to 2.5%. Expectations of inflation were revised upwards between 2.1% to 2.4%.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
In Australia ASX 200 index fell 2.1% to 5,496.50 as reported earnings declined on rising dollar and operating costs. Woodside Petroleum rose 4.6% on the expectations that the company will successfully raise $12 billion to complete its LNG plan this year. However, net profit after tax in 2007 fell 15% excluding one time charges. Macquarie Office Trust increased its distributable earings by 25% to 7.94 cents per unit. Oxiana net profit in 2007 declined to $318 million from $553 million in 2006.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
A steep rise in oil above $100 a barrel sparked fears of rising inflation dragging stocks lower. Sensex fell 2.5% and Nifty declined 2.4%. Gold rose to a record high on the back of oil price increase. Tata Consultancy signed a multi-year multi-million dollar contract with Chrysler. Infosy and TCS advanced on the news. Shriram EPC and Bang Overseas IPO closed below their offer prices in volatile trading.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
Stocks in Hong Kong declined after a steep rise in oil stoked fears of inflation in the region. A surprise loss of nearly $3 billion also added uncertainty to the market. In Hong Kong trading the Hang Seng Index dropped 2.2% or 532.59 at 23,590.58, and the China Enterprises index of H-shares, or Hong Kong listed shares in mainland companies, declined 3% or 420.12 to 13,552.82. CNOOC gained 0.8% but PetroChina fell 2%.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
Stocks in Japan fell after a surprise write-down from Credit Suisse of $2.85 billion and debt reshceduling from KKR Financial in the U.S. In Tokyo trading Nikkei 225 slipped 3.25% to 13,310.37, and the broader Topix Index fell 3.2% to 1,302.72. A sharp rise in crude oil by 4.7% lifted stocks of trading companies but auto makers and others declined.
- 123jump.com Staff
- 20 Feb, 2008
- New York City
U.S. stocks declined as inflation rose in January. CPI in January increased at 0.4% and core rate of inflation increased at 0.3%. January inflation rose at 4.3% from a year ago on a rise medical and travel services and rising food and energy prices. Housing start increased at 0.8% in January after revised decline of 14.8% in December. Hewlett Packard increased after reporting a better than expected earnings and lifting the outlook for the next quarter.