- 123jump.com Staff
- 11 Oct, 2007
- New York City
Sensex in India closed higher, the third record close in a row. The index added 155 or 0.8% to close at 18,814. Of the 30 stocks in the index 23 gained. DLF Limited plans to raise $1.5 billion in international offering. Infosys reported earnings and sales rise of 19% and offered estimate of earnings increase of 18% in the next quarter. Stock fell 7%.
- 123jump.com Staff
- 11 Oct, 2007
- New York City
U.S. retailers reported largely lower sales in September and blamed warm weather for their performance. Target, J C Penney, Kohls, and Nordstrom were some of the few retailers who lowered their earnings for the third quarter. Wal-Mart raised its earnings estimate for the third quarter. Target reported same store sales grwoth of 1.5%, below its lowered forecast. J C Penney, Limited, and Chicos disappointed with a same store sales decline.
- 123jump.com Staff
- 11 Oct, 2001
- New York City
Stocks in the early tradig in New York are up on Wal-Mart raising its earnings guidance, increase in oil, gold, and copper prices, and 2.5% shrinkage in trade deficit. Same store sales at retailers were weaker than expected. Saks and Nordstrom reported smaller than expected gains.
Asian markets close sharply higher led by record close in Hong Kong, Australia, India, and South Korea.
- 123jump.com Staff
- 11 Oct, 2007
- New York City
Australian stocks closed at another record after adding 0.52% to close at 6,779.60 on ASX 200 index. The jobless rate in September fell to 4.2%. The Australian dollar crossed $0.90 to one dollar. Murchison Metals battle for Midwest heated up after it urged Midwest shareholders to note that a deal between Sinosteel and Midwest is still tentative. Murchison and Midwest are battling to buid a port on the Western Australian coast. India, Indonesia, and Hong Kong at record close.
- 123jump.com Staff
- 11 Oct, 2007
- New York City
Nikkei 225 index in Tokyo trading jumped 1.6% or 281 to 17,458. The braod rise in the market was supported several news on the economy. The Bank of Japan left the rate unchanged at 0.5%. In the accompanying statement the Bank noted a mild rise in private consumption. Moodys raised rating by one notch on sovereign debt as the governemt remains focused on lowering budget gap. Current account surplus in August jumped 42% on rise in exports to Asia and Europe.
- 123jump.com Staff
- 10 Oct, 2007
- New York City
U.S. stocks fell after early morning earnings warning from Valero, Chevron, and Monsanto. However, Costco jumped 10% on earnings news. Stocks fell in the early morning and recovered in the afternoon with a strength in financials, banks, and home builders. Alcoa fell after earnings and Boeing dropped on delays in 787 delivery. European markets closed fractionally higher. Asian markets closed sharply higher led by records in South Korea, Indonesia, India, Australia, and Hong Kong.
- 123jump.com Staff
- 10 Oct, 2007
- New York City
Stocks in the UK edged higher led by a rise in financials, miners, and British Air. Northern Rock jumped 32% after two investors acquired a total of 5% in the company. Cadbury Schweppes plans to list its beverage unit in the U.S. as it failed to find a buyer. Analysts estimate that the unit may fetch less than 7 billion pounds. Mortgage lenders rose after the news that two hedge fund investors took a stake of 5% in Northen Rock.
- 123jump.com Staff
- 10 Oct, 2007
- New York City
Australian stocks closed at a record high led by gold mining stocks and strength in retail and banking sectors. ASX 200 increased 0.9% or 60.50 to close at 6,738.30. BHP Billiton jumped 2.3% and Rio Tinto added 0.9%. Mitsubishi controlled Murchison Metals launched a surprise bid for Midwest controlled by Sinosteel. The offer with a 34% premium is desinged to get a control of proposed port to be built in the Western Australia.
- 123jump.com Staff
- 10 Oct, 2007
- New York City
Market averages declined in the first hour of trading after mixed earnings news. Monsanto reported wider loss compared to a year ago and lowered its guidance for the next year. Chevron and Valero reported that earnings in the quarter will be substantially lower from a year ago on weak refining margins. Costco jumped 8% after reporting earnings rise on higher sales. Cadbury Schweppes said that it will spinoff its beverage business rather than look for a buyer.
- 123jump.com Staff
- 10 Oct, 2007
- New York City
Tokyo stocks gained a fraction after an early morning rally was trimmed with losses in banks, financials, and insurance companies. Retailers, energy, and air transportations led the gainers in a narrow rally. Broader market declined in the first and second section. Metals and mining companies led the gainers. Yamazaki plans to raise food prices after seventeen years reflecting rising cost of food ingredients.
- 123jump.com Staff
- 09 Oct, 2007
- New York City
U.S. stocks closed higher after the Fed minutes showed that the Fed believes inflation is under control and is prepared to act to support economic growth. The 50 basis points rate reduction is widely percieved as a gift to Wall Street. The preemptive action by the Fed was partly based on weak August employment report which was revised to 89,000 new job additons from a decline of 4,000 after the rate cut. European and Asian markets closed higher. Oil rebounded.
- 123jump.com Staff
- 09 Oct, 2007
- New York City
The surge of 4.5% in the Sensex Index in Mumbai, India led the global markets. The possibility of an agreement between two factions in the ruling coalition, led investors to bid up stocks. Every member in the Sensex index of 30 stocks gained. S&P projected eocnomic growth of 9% in 2007 and 8.8% in 2008 in India. Reliance Industries jumped 8% and Reliance Energy soared 11%. Bharti Telecom and Maruti Suzuki jumped as well.
- 123jump.com Staff
- 09 Oct, 2007
- New York City
Asian stocks rallied led by a sharp rise of 4.5% in India. China, Hong Kong and other smaller markets in Asia gained as well. Nikkei 225 in Japan increased 0.6% to 17,159.90 on the strength in real estate and exporters. Weak metal prices hurt steel and other metal companies. The Bank of Japan started its three-day meeting to decide the interest rate. Toray Industries, carbon fiber products maker, decided to expand its capacity in Japan and spend 25 billion yen.
- 123jump.com Staff
- 09 Oct, 2007
- New York City
Molson Coors and SAB Millier have agreed to merge their U.S. operations into a new company called MillerCoors with sales of $6.6 billion. As more people prefer craft or imported beer and choose wine over beer, beer companies are consolidating at a rapid pace. SLM sued its bidders and asked to carry out the bid at $60 per share or pay $900 million. India surged 4.5% to a record high and led Asian markets. European markets are trading higher. Stocks in New York are indiacting higher opening.
- 123jump.com Staff
- 08 Oct, 2007
- New York City
Stock markets in New York closed mixed. In the U.S., Textron agreed to purchase United Industrial for $1.1 billion. In Europe, SAP agreed to acquire Business Objects for 4.8 billion euros, Vodafone acquired telephony business in Spain and Italy of Tele2 AB of Sweden, Shire Pharmaceuticals sold its eight drugs portfolio to Almirall of Spain. The largest bank takeover, ABN Amro shareholders approved the bid of 72 billion euros or $101 billion from RBS led investor group.