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Overnight Market News – August 24, 2010

 
  • The World’s Largest Advertising Company, WPP Plc Posts a 39% Jump in First-Half Net Income to GBP 150.8mm (USD 232.5mm), Boosted by Increased Ad Spending in the US and the UK
  • National Bank of Greece SA, EFG Eurobank Ergasias SA, Alpha Bank SA and Bank of Piraeus Face Growing Political Pressure to Merge as Greece’s Economy Hurts Profits
  • Germany’s Economy Grows 2.2% in Q02 2010 on 8.2% Surge in Exports, the Biggest Quarterly Increases since Reunification Two Decades Ago
  • The World’s Biggest Fertilizer Company, Rio Tinto Ltd Partners with Chinese Allies to Fend Off BHP Billiton Ltd’s Hostile USD 39B Bid for Potash Corp of Saskatchewan Inc
  • London-Listed Coal and Base Metals Miner, Xstrata Plc Agrees to Pay USD 381mm to Acquire Australian-Listed Sphere Minerals Ltd which Holds Magnetite Iron Ore Deposits in Mauritania
  • Crude Oil Stands at USD 72.30 per Barrel
  • Ethanol Stands at USD 1.86 per Gallon
  • Natural Gas Stands at USD 4.06 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,218.06 per Troy Ounce
  • Dow Jones Industrial Average Falls 39.21 Points (-0.38%) to 10,174.41
  • London FTSE Index Falls 55.66 Points (-1.06%) to 5,179.18
  • Japan Nikkei Index Falls 121.55 Points (-1.33%) to 8,995.14
  • Hong Kong Hang Seng Index Falls 230.30 Points (-1.10%) to 20,658.71
  • Brazil Bovespa Index Falls 695.30 Points (-1.04%) to 65,981.86
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