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Overnight Market News – January 26, 2010

admin — Tue, 26 Jan 2010 14:13:14 +0000

UK Exits Recession with Fourth-Quarter Economic Growth of 0.1% Year-Over-Year, But Falls Short of Analysts’ Forecast for 0.4% Expansion
Apple Inc Posts Fiscal First-Quarter Profit of USD 3.67 per Share, Crushing Analysts’ Estimates of USD 3.50 per Share on Record Sales of iPhones and Mac Computers
US President Obama to Propose Three-Year Freeze on a Portion of Domestic Spending in Effort to Save USD 250B by 2020
Bank of China Ltd and Other Chinese Banks Begin to Restrict Lending While China’s Central Bank Implements Planned Increase in Required Reserves
Biotechnology Firm, Amgen Inc Posts Slight Rise in Fourth-Quarter Profit to USD 931mm from USD 925mm a Year Ago as Sales of its Flagship Anemia Drug Continue to Decline
Crude Oil Stands at USD 74.53 per Barrel
Ethanol Stands at USD 1.81 per Gallon
Natural Gas Stands at USD 5.61 per British Thermal Unit (Btu)
Gold Stands at USD 1,095.30 per Troy Ounce
Dow Jones Industrial Average Rises 23.88 Points (0.23%)
London FTSE Index Falls 28.12 Points (-0.53%)
Japan Nikkei Index Falls 187.41 Points (-1.78%)
Hong Kong Hang Seng Index Falls 489.22 Points (-2.38%)
Brazil Bovespa Index Falls 50.10 Points (-0.08%)

Overnight Market News – November 11, 2009

admin — Wed, 11 Nov 2009 12:35:25 +0000

UK Unemployment Rises in Three Months to September Cutting 30k Jobs, the Smallest Increase Since May 2008, Jobless Rate Remains at 7.8%
China Industrial Production Rises Faster-Than-Expected in October Jumping 16.1% Year-Over-Year on the Country’s Huge Stimulus Measures
Apple Inc Surpasses Rival Nokia Corp to Become Most Profitable Handset Vendor in September Quarter on Strong iPhone Sales
Hong Kong Exchanges and Clearing Ltd, Asia’s Third Largest Stock Market Third Quarter Profit Increases 33% to HK 1.27B (USD 164mm) from HK 959.6mm a Year Ago
Volkswagen AG to Consider Acquisition of Assets from Insolvent Automaker Wilhelm Karmann GmbH, Assets Include Manufacturing Facilities, Assembly Hall and Paint Shop in Germany
Adobe Systems Inc to Cut 680 Jobs or 9% of Total Workforce to Help Meet its Fiscal 2010 Budget Which is Expected to Result in Pre-Tax Charges of USD 65mm to USD 71mm
Crude Oil Stands at USD 79.53 per Barrel
Ethanol Stands at USD 1.94 per Gallon
Natural Gas Stands at USD 4.52 per British Thermal Unit (Btu)
Gold Stands at USD 1,116.50 per Troy Ounce
Dow Jones Industrial Average Rises 20.03 Points (0.20%)
London FTSE Index Rises 56.35 Points (1.08%)
Japan Nikkei Index Rises 0.95 Points (0.01%)
Hong Kong Hang Seng Index Rises 359.05 Points (1.61%)
Brazil Bovespa Index Rises 89.14 Points (0.13%)

Overnight Market News – October 20, 2009

admin — Tue, 20 Oct 2009 10:19:29 +0000

Apple Inc Tops Views as Fiscal Fourth Quarter Earnings per Share Jumps 44% to USD 1.82 on Record Sales of Mac Computers and iPhones
Pfizer Inc Reports 26% Increase in Third Quarter Profit to USD 0.43 per Share on Aggressive Cost-Cutting Initiatives
Morgan Stanley Agrees to Sell Mutual Fund Business to Invesco Ltd for USD 1.5B in Stock and Cash as it Moves to Reorganize Loss-Making Asset Management Division
Bank of New York Mellon Corp Reports Third Quarter Net Loss of USD 2.46B Versus Year-Ago Profit of USD 303mm on Hefty Restructuring Charge
Chemical Company, DuPont Co Posts 11% Rise in Q03 2009 Earnings to USD 0.45 per Share, Trumping Analysts’ Estimates of USD 0.33 per Share
Qatar to Sell GBP 1.3B Stake in Barclays Plc, Expects to Make GBP 600mm Profit
Crude Oil Stands at USD 79.61 per Barrel
Ethanol Stands at USD 1.97 per Gallon
Natural Gas Stands at USD 4.84 per British Thermal Unit (Btu)
Gold Stands at USD 1,057.30 per Troy Ounce
Dow Jones Industrial Average Rises 96.28 Points (0.96%)
London FTSE Index Falls 9.21 Points (-0.17%)
Japan Nikkei Index Rises 100.33 Points (0.98%)
Hong Kong Hang Seng Index Rises 184.50 Points (0.83%)
Brazil Bovespa Index Rises 1,038.96 Points (1.57%)

Overnight Market News – August 28, 2009

admin — Fri, 28 Aug 2009 13:56:54 +0000

Apple Inc and Mobile Service Provider China Unicom Ltd Signs Deal to Bring iPhone to China, the World’s Largest Mobile Market, Phones Set to Go on Sale in Fourth Quarter
UK’s Gross Domestic Product (GDP) Shrinks Less-Than-Expected in the Second Quarter to a Revised Fall of 0.7% Compared with 0.8% in the Previous Quarter
Second Round Bids for American International Group Inc’s Taiwan Nan Shan Unit Fall Below the Insurer’s USD 2B Target, Creates Concerns that the Deal Could Fall Through
Japan’s Unemployment Rate Hit a Record 5.7% in July as Deflation Worsens, Consumer Prices Fall a Record 2.2% in July from a Year Ago
General Motors Co May Finalize a Deal to Sell its Hummer Brand to a Chinese Machinery Maker by as Early as Next Week
UK House Prices Rise 1.7% in July from the Previous Month to GBP 155,885 (USD 254,302) Recording the Largest Increase in 5 Years
Crude Oil Stands at USD 73.19 per Barrel
Ethanol Stands at USD 1.72 per Gallon
Natural Gas Stands at USD 3.19 per British Thermal Unit (Btu)
Gold Stands at USD 954.00 per Troy Ounce
Dow Jones Industrial Average Rises 37.11 Points (0.39%)
London FTSE Index Rises 49.63 Points (1.02%)
Japan Nikkei Index Rises 60.17 Points (0.57%)
Hong Kong Hang Seng Index Falls 144.13 Points (-0.71%)
Brazil Bovespa Index Falls 61.84 Points (-0.11%)

Overnight Market News – July 27, 2009

admin — Mon, 27 Jul 2009 14:37:20 +0000

RadioShack Corp Posts Second-Quarter Profit of USD 0.39 a Share, Beats Forecast of USD 0.29 per Share
Ericsson Wins Auction to Purchase Nortel Networks Ltd Assets, to Pay USD 1.13B in Cash
Ryanair Holdings plc Posts Higher-than-Expected Quarterly Profit of EUR 136.5mm, Warns Full-Year Earnings to Be At Low End of Estimates as it Cuts Fares
Apple Inc, Record Labels Join Forces to Create Plan to Increase Digital Sales of Albums by Offering Interactive Features with Downloads
Saudi Aramco, Total SA Seeking USD 8B in Loans to Build Oil Refinery on Saudi Arabia’s Persian Gulf Coast
Publisher, Pearson plc Posts GBP 28mm Profit for 6M 2009 from Loss of GBP 62mm, Upgrades Full-Year Outlook
Crude Oil Stands at USD 68.64 per Barrel
Ethanol Stands at USD 1.66 per Gallon
Natural Gas Stands at USD 3.63 per British Thermal Unit (Btu)
Gold Stands at USD 960.30 per Troy Ounce
Dow Jones Industrial Average Rises 23.95 Points (0.26%)
London FTSE Index Rises 9.44 Points (0.21%)
Japan Nikkei Index Rises 144.11 Points (1.45%)
Hong Kong Hang Seng Index Rises 268.83 Points (1.35%)
Brazil Bovespa Index Rises 207.93 Points (0.38%)

Apple Reports Increased Quarterly Profits

admin — Thu, 23 Jul 2009 12:14:37 +0000

Apple Inc has done it once again. On Tuesday evening, the maker of iPods and iPhones reported a 15% rise in quarterly profits, its best quarterly performance in a non-holiday season. Net profit for Apple’s third quarter came in at US$1.23B or US$1.35 per share, vs. earnings of US$1.07B or US$1.19 per share in the year earlier period.

Apple’s performance trumped both analysts’ and its own estimates by US$0.18 and US$0.40 a share respectively. Sales rose 12% to US$8.34B in the quarter – on soaring demand for iPhones.

Overnight Market News – July 22, 2009

admin — Wed, 22 Jul 2009 15:11:39 +0000

World Trade Volume Expected to Contract 10% this Year, Says World Trade Organization
Apple Inc Trumps Estimates Reporting a 13% Increase in Third Quarter Profits to USD 1.23B from USD 1.07B a Year Earlier
South Korea’s LG Electronics Inc Post Record Second Quarter Profit of USD 903mm on Strong Demand for Mobile Handsets
Italian Car-Maker, Fiat SpA Reports Second Quarter Net Loss of EUR 168mm, More than Analysts’ Forecast of EUR 158.4mm Net Loss
National Australia Bank Ltd, the Nation’s Biggest Lender by Assets, to Sell USD 2.2B in Shares on Rising Bad Loans
Crude Oil Stands at USD 64.78 per Barrel
Ethanol Stands at USD 1.64 per Gallon
Natural Gas Stands at USD 3.70 per British Thermal Unit (Btu)
Gold Stands at USD 945.40 per Troy Ounce
Dow Jones Industrial Average Rises 67.79 Points (0.77%)
London FTSE Index Falls 4.83 Points (-0.11%)
Japan Nikkei Index Rises 71.14 Points (0.74%)
Hong Kong Hang Seng Index Falls 253.56 Points (-1.30%)
Brazil Bovespa Index Rises 78.64 Points (0.15%)

APPLE is Sizzling

admin — Tue, 23 Jun 2009 17:04:01 +0000

Since the start of the year, Apple Inc. shares have risen by more than 60%, and the company showed that it is still sizzling with the release of its new iPhone 3G S on Friday. Apple beat analysts estimates once again, reporting that it sold more than 1 million iPhones in its opening weekend, debuting simultaneously in over eight countries.

This was an impressive opening as the company sold the same amount of phones when it released its previous model last year (which debuted in over twice as many countries).