- 123jump.com Staff
- 07 Oct, 2008
- New York City
The Bank of Japan left its key lending rate at 0.5% and cautioned that commodities prices are likely to drop but inflation is expected to remain near 2.5%. Japanese yen edged lower but traded near three-year high against euro and dollar.
- 123jump.com Staff
- 07 Oct, 2008
- New York City
The Fed set up a special fund to purchase high quality short term loans in the commercial paper market. The move is likely to improve liquidity and restore confidence in the short term loan market that has faced historic volatility and near seizure in the last few weeks.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
Hong Kong and China stocks fell as bank crisis extends to Europe from the U.S. Germany was forced to bailout second largest real estate lender. stocks in China fell on the worries that exports from the region will fall. Hong Kong and Shanghai fell 5%. Casino and shipping stocks plunge.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
Worries of developed nations economy sliding into a recession and dragging economies of China and India unnerved Australian investors. Exports of commmodities may fall on the weakening economies of Asia. Financials,energy and miners dropped.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
Stocks in Japan fell sharply after the banking crisis in Europe deepened and Germany was forced to bailout second largest real estate lender. Fearful investors worried that exports from Japan are likely to fall as credit market tighten in the U.S. and Europe. Commodities stocks fell.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
The Reserve Bank of India relaxed cash reserve ratio to pump liquidity in the financial system. Stocks fell to two-year low as the benchmark index declines 42% for the year. Rupee dropped to a 5-year low after international investors withdraw money from the market. Reliance drops 6%.
- 123jump.com Staff
- 07 Oct, 2008
- New York City
Stocks nosedive in London trading. The UK benchmark index drops the most in one-day in last seven years. Mining, financials and energy related stocks declined between 10% and 15%. The Bank of England plans to offer
- 123jump.com Staff
- 07 Oct, 2008
- New York City
Hartford Financial receives capital infusion from Allianz SE. MetLife, Prduential and Principal Financial Group dive. Metals and mining companies fall sharply. American Express, Visa and MasterCard drop. eBay cuts 1,600 staff and takes a charge. Gannett Drops to a new low.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
The Dow Jones index dropped below 10,000 for the first time since October 2004. Nasdaq and S&P declined nearly 5%. Benchmark indexes in Russia, Brazil, Mexico and Indonesia plunged more than 10%. European markets closed down 5%. Metals and mining companies in New York dropped between 10% and 15%.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
The emerging markets plunge around the world as the deepening banking crisis spreads to Europe. Markets in Russia plunge 19% and in Indonesia and Brazil dive 10%, Saudi Arabia sank 9.8%, Turkey and Canda drop 7%. Most markets in Europe are down 5% and three popular indexes in the U.S. are 4% lower.
- 123jump.com Staff
- 06 Oct, 2008
- New York City
European leaders struggle to formulate a regional response to a growing banking crisis. Germany was forced to bailout the second largest real estate lender Hypo Real Estate Holding. Unicredit in Italy offered 6.6 billion euro recapitalization plan. Fortis was seized in Holland.
- 123jump.com Staff
- 04 Oct, 2008
- New York City
UK increased its deposit insurance coverage to
- 123jump.com Staff
- 02 Oct, 2008
- New York City
The UK home prices declined 2.4% in September as tight credit conditions and weak consumer confidence drive away buyers. Stocks in London declined ahead of the U.S. House vote on controversial bailout plan. Marks & Spencer lowered its capital spending plans and reported same store sales decline.
- 123jump.com Staff
- 03 Oct, 2008
- New York City
Stocks in Sydney, Australia trading fell as more evidence emerged that the U.S. economy is heading from a slow down to a recession. Precious metals prices fell and dragged the stocks of BHP, Rio Tinto and McArthur Coal to sixteen months low. Australian stocks are down 26% for the year.
- 123jump.com Staff
- 03 Oct, 2008
- New York City
The Bank of Japan added 800 billion yen in the money market to facilitate intebank lending. However stocks in Japan fell nearly 2% and for the week declined more than 8%. Auto and construction machinery makers and oil refiners dropped. Toyota and Honda dropped more than 5%, Nissan declined 7%.