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Overnight Market News – January 20, 2010

 
  • International Business Machines Corp (IBM) Fourth Quarter Profit Rises 8.7% to USD 4.81B or USD 3.59 per Share up from USD 4.43B or USD 3.27 per Share
  • Head of the International Monetary Fund (IMF) Dominique Strauss-Kahn Says that he Expects Global Growth in 2010 to Exceed the Previous Forecast of 3% as the Global Economy is Recovering More Strongly than Expected
  • China Banking Regulatory Commission Chairman Liu Mingkang Has Ordered Big Banks to Limit Lending as He Expects Total Bank Loans to Fall to CNY 7.5T in 2010 down from CNY 9.5T in 2009
  • The UK Unemployment Rate Fell in November to 7.8% down from 7.9% in the Previous Month, in its First Monthly Decline in 18-Months
  • Republican Scott Brown Wins Sensate Seat in Massachusetts, Increasing Speculation that the Obama Healthcare Proposal May be Overhauled
  • In its Restructuring Effort Japan Airlines Corp Plans to Eliminate 31 Routes, 53 Planes and Approximately One-Third of its Workforce
  • Crude Oil Stands at USD 78.08 per Barrel
  • Ethanol Stands at USD 1.89 per Gallon
  • Natural Gas Stands at USD 5.56 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,129.00 per Troy Ounce
  • Dow Jones Industrial Average Rises 115.78 Points (1.09%)
  • London FTSE Index Falls 18.05 Points (-0.33%)
  • Japan Nikkei Index Falls 27.38 Points (-0.25%)
  • Hong Kong Hang Seng Index Falls 391.81Points (-1.81%)
  • Brazil Bovespa Index Rises 507.66 Points (0.73%)
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