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Overnight Market News – October 21, 2010

admin — Thu, 21 Oct 2010 13:37:58 +0000

China’s Economy Expands at 9.6% in Q03 2010, the Smallest Gain in a Year Despite Topping Economists’ Median Estimate of 9.5%, as Inflation Accelerated in September to the Fastest Pace in 23 Months
The US Federal Reserve Reports that the US Economy Continued to Grow at a Modest Pace in Recent Weeks with Growth Picking up in Several Districts
UK Retail Sales in September Unexpectedly Decline by 0.2% from August when it Fell 0.7%, as Consumers Bracing for the Government’s Budget Squeeze Curbed Spending on Items from Clothing to Gasoline
eBay Inc Beats Analyst Expectations with Q03 2010 Earnings of USD 0.40 a Share on an Adjusted Basis and Revenue of USD 2.25B, versus USD 0.38 a Share and USD 2.24B Respectively, in the Corresponding Period Last Year
Netflix, Inc Reports Q03 2010 Unadjusted Earnings per Share of USD 0.70 against 0.52 in the Comparative Quarter a Year Earlier, as Strong Demand for its Streaming Service Contributed to Subscriber Growth
Crude Oil Stands at USD 82.30 per Barrel
Ethanol Stands at USD 2.24 per Gallon
Natural Gas Stands at USD 3.52 per British Thermal Unit (Btu)
Gold Stands at USD 1,344.20 per Troy Ounce
Dow Jones Industrial Average Rises 129.35 Points (1.18%) to 11,107.97
London FTSE Index Rises 36.43 Points (0.64%) to 5,765.36
Japan Nikkei Index Falls 5.12 Points (-0.05%) to 9,376.48
Hong Kong Hang Seng Index Rises 92.98 Points (0.39%) to 23,649.48
Brazil Bovespa Index Rises 541.10 Points (0.77%) to 70,404.68

Overnight Market News – August 16, 2010

admin — Mon, 16 Aug 2010 15:03:41 +0000

China Overtakes Japan as the World’s Second-Biggest Economy as Japan’s GDP Growth Slowed Sharply in Q02 2010
Dell Inc to Acquire Data-Storage Company, 3PAR Inc for USD 1.2B in Cash as it Looks to Enhance its Offerings for Corporate Technology Departments
Mining Company, Vedanta Resources Plc Agrees to Purchase up to 60% of Cairn India Ltd for USD 9.6B as it Seeks to Tap India’s Largest Onshore Oil Field
Agricultural Bank of China Ltd’s Initial Public Offering Sets Global Record of USD 22.1B After the Bank Fully Exercised an Over-Allotment Option on the Shanghai Stock Exchange
Bank of America Corp Mulls Reducing its 34% Stake in BlackRock Inc as it Refocuses on its Core Units
UK House Asking Prices Fall by 1.7% in August from a 0.6% Decline in July
Crude Oil Stands at USD 75.72 per Barrel
Ethanol Stands at USD 1.77 per Gallon
Natural Gas Stands at USD 4.32 per British Thermal Unit (Btu)
Gold Stands at USD 1,222.30 per Troy Ounce
Dow Jones Industrial Average Falls 16.80 Points (-0.16%) to 10,303.15
London FTSE Index Falls 8.04 Points (-0.15%) to 5,267.40
Japan Nikkei Index Falls 56.79 Points (-0.61%) to 9,196.67
Hong Kong Hang Seng Index Rises 40.55 Points (0.19%) to 21,112.12
Brazil Bovespa Index Rises 298.26 Points (0.45%) to 66,264.43

Overnight Market News – January 21, 2010

admin — Thu, 21 Jan 2010 15:24:33 +0000

China’s Economy Expands 10.7% in Fourth Quarter from a Year Earlier, Fastest Pace Since 2007
US President Obama Expected to Make Proposal Today to Introduce New Limits on the Size and Risk Appetite of the Country’s Biggest Banks
Oracle Corp Receives Unconditional European Union Approval to Acquire Sun Microsystems Inc in USD 7.4B Deal
eBay Inc Fourth-Quarter Earnings Surge to USD 1.02 per Share from USD 0.29 per Share a Year Ago as it Benefitted from Sale of Skype Stake, Boosted Sales
Coffee Giant, Starbucks Corp Fourth-Quarter Profit Almost Quadruples to USD 241.5mm from USD 64.3mm on Increased Revenue
South Korea Lifts 2010 Job Growth Target by 25%, Now Plans to Create 150k Jobs Versus Prior Forecast of 100k Jobs
Crude Oil Stands at USD 77.74 per Barrel
Ethanol Stands at USD 1.76 per Gallon
Natural Gas Stands at USD 5.50 per British Thermal Unit (Btu)
Gold Stands at USD 1,103.10 per Troy Ounce
Dow Jones Industrial Average Falls 122.28 Points (-1.14%)
London FTSE Index Rises 6.05 Points (0.11%)
Japan Nikkei Index Rises 130.89 Points (1.22%)
Hong Kong Hang Seng Index Falls 423.50 Points (-1.99%)
Brazil Bovespa Index Falls 1,708.52 Points (-2.44%)

China’s Economy Recovering

admin — Wed, 02 Sep 2009 19:56:03 +0000

An expansion of China’s manufacturing sector has added to indicators that a sustainable recovery is on the horizon for the world’s number 3 economy. According to the China Federation of Logistics & Purchasing, China’s Purchasing Managers’ Index (PMI) rose to a 6-month high of 54.0 in August, from July’s 53.3.

The improvement in the sector was helped by increases in output, new orders and imports. The positive data helped lift the Shanghai Composite Index, which closed up 0.6% yesterday, following a sharp sell-off on Monday.