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Overnight Market News – March 3, 2010

admin — Wed, 03 Mar 2010 14:44:20 +0000

Greece’s Cabinet Agrees to EUR 4.8B Austerity Programme Aimed at Reducing its Budget Deficit Trough Tax Hikes and Spending Reductions
Costco Wholesale Corp Second Quarter Net Profit Rises 25% to USD 299mm on Increased Sales from its International Operations
Australia’s Economy Grows in the Fourth Quarter of 2009 by 0.9% from the Prior Quarter, its Largest Quarterly Gain Since March 2008
Mitsubishi Motors Corp and PSA Peugeot Citroen End Talks on Capital Alliance, But Will Instead Seek to Expand their Current Partnership
Crude Oil Stands at USD 79.91 per Barrel
Ethanol Stands at USD 1.78 per Gallon
Natural Gas Stands at USD 4.71 per British Thermal Unit (Btu)
Gold Stands at USD 1,137.20 per Troy Ounce
Dow Jones Industrial Average Rises 2.19 Points (0.02%)
London FTSE Index Falls 3.73 Points (-0.07%)
Japan Nikkei Index Rises 31.30 Points (0.31%)
Hong Kong Hang Seng Index Falls 29.32 Points (-0.14%)
Brazil Bovespa Index Rises 551.23 Points (0.82%)

Overnight Market News – January 7, 2010

admin — Thu, 07 Jan 2010 11:18:50 +0000

China’s Central Bank Unexpectedly Raises Interest Rate on its Three-Month Bills as it Looks to Keep a Tighter Reign on Credit Growth
Costco Wholesale Corp’s December Same-Store Sales Climb 9% Year-Over-Year, Trumping Analysts’ Expectations for a 7.5% Increase
Samsung Electronics Co Expects to Rebound with a Fourth-Quarter Operating Profit of up to USD 3.44B Versus its First-Ever Loss in the Year-Earlier Period
UK Grocer, J Sainsbury PLC Posts 4.2% Increase in Comparable Sales for the Thirteen-Week Period Ended January 2, 2010, Beating Forecasts for a 3.5% Rise
Continental AG, Europe’s Second-Biggest Auto-Parts Maker Set to Raise EUR 1.1B (USD 1.6B) Via Stock Sale to Help Refinance Debt
Eurozone Retail Sales Decline 1.2% in November Over October, Missing Economists’ Estimates for a Slight Increase
Crude Oil Stands at USD 82.51 per Barrel
Ethanol Stands at USD 1.94 per Gallon
Natural Gas Stands at USD 6.05 per British Thermal Unit (Btu)
Gold Stands at USD 1,129.50 per Troy Ounce
Dow Jones Industrial Average Rises 1.66 Points (0.02%)
London FTSE Index Falls 25.55 Points (-0.46%)
Japan Nikkei Index Falls 49.79 Points (-0.46%)
Hong Kong Hang Seng Index Falls 147.22 Points (-0.66%)
Brazil Bovespa Index Rises 489.52 Points (0.7%)

Overnight Market News – December 10, 2009

admin — Thu, 10 Dec 2009 12:25:44 +0000

Citigroup Inc Plans to Repay Portion of Government Aid Via USD 20B Equity Offering that Could be Announced as Early as Today
Panasonic Corp Acquires 50.2% Stake in Sanyo Electronic Co for JPY 403.78B (USD 4.6B)
Costco Wholesale Corp First Quarter Net Profit Rises to USD 266mm from USD 263mm a Year Ago on Increased Revenue
US Foreclosures Decline 8% in November Over October, But Rise 18% Compared with the Year-Earlier Period
Australia’s Unemployment Rate Declines to 5.7% in November from 5.8% in October, Beating Economists’ Estimates for a Rise to 5.9%
Switzerland’s Central Bank to Halt Bond Purchases as it Begins to Exit Emergency Measures
Crude Oil Stands at USD 70.65 per Barrel
Ethanol Stands at USD 1.95 per Gallon
Natural Gas Stands at USD 4.97 per British Thermal Unit (Btu)
Gold Stands at USD 1,125.00 per Troy Ounce
Dow Jones Industrial Average Rises 51.08 Points (0.5%)
London FTSE Index Rises 13.23 Points (0.25%)
Japan Nikkei Index Falls 141.90 Points (-1.42%)
Hong Kong Hang Seng Index Falls 41.72 Points (-0.19%)
Brazil Bovespa Index Rises 283.48 Points (0.42%)

Overnight Market News – July 9, 2009

admin — Thu, 09 Jul 2009 12:26:02 +0000

Bank of England Holds Benchmark Interest Rate at 0.5% for Fourth Consecutive Month
American International Group Inc (AIG) Revives Talks with Rival MetLife Inc Over Sale of American Life Insurance Co (Alico)
China’s Passenger Car Vehicle Sales Jump 48% to 873k Units in June from May on More Government Stimulus Spending, Biggest Increase Since February 2006
Costco Wholesale Corp Reports 6% Decline in Same-Store Sales Open at Least a Year in June from May, in Line with Market Expectations
Australia’s Unemployment Rate Hits Six Year HI of 5.8% in June Up from 5.7% in May, Beating Analysts’ Forecast of 5.9%
Crude Oil Stands at USD 61.26 per Barrel
Ethanol Stands at USD 1.58 per Gallon
Natural Gas Stands at USD 3.43 per British Thermal Unit (Btu)
Gold Stands at USD 915.20 per Troy Ounce
Dow Jones Industrial Average Rises 14.81 Points (0.18%)
London FTSE Index Rises 29.63 Points (0.72%)
Japan Nikkei Index Falls 129.69 Points (-1.38%)
Hong Kong Hang Seng Index Rises 69.52 Points (0.39%)
Brazil Bovespa Index Falls 279.15 Points (-0.56%)

Costco Disappoints Investors

admin — Fri, 29 May 2009 23:15:27 +0000

Exactly one week after its main rival exceeded earnings estimates, the United States’ biggest warehouse club – Costco Wholesale Corp – disappointed investors with a third quarter profit that fell short of expectations. Costco’s net profit fell 29% to US$209.6M or US$0.48 per share as consumers curtailed discretionary spending. Its bottom line was also hit by a pretax charge of US$34M involving a litigation settlement and lower international earnings. Costco shares fell 1.95% to $47.88 at yesterday’s close.

Overnight Market News – May 28, 2009

admin — Thu, 28 May 2009 11:29:52 +0000

OPEC Leaves Oil Output Unchanged After Meeting, Sees Target of USD 75.00 to USD 80.00 per Barrel by Year’s End
Auto Parts Makers Visteon Corp and Metaldyne Corp File for Chapter 11 Bankruptcy on US Operations as Auto Industry Crisis Persists
Costco Wholesale Corp Third Quarter Profit Dips 30% to USD 209.6mm on Weak Consumer Spending
Japan’s Retail Sales Rise 0.6% in April Over March, Improvement Likely to be Short-Lived
South Korea’s Current Account Surplus Falls Slightly to USD 6.51B in April from Record USD 6.64B in March
Sugar and Sweeteners Company Tate & Lyle PLC Annual Profit Down 67% to GBP 65mm on Hefty Charges on US Operations
Crude Oil Stands at USD 63.45 per Barrel
Ethanol Stands at USD 1.81 per Gallon
Natural Gas Stands at USD 3.64 per British Thermal Unit (Btu)
Dow Jones Industrial Averages Falls 173.47 Points (-2.05%)
London FTSE Index Falls 45.91 Points (-1.04%)
Japan Nikkei Index Rises 12.62 Points (0.13%)
Hong Kong Hang Seng Index Rises 893.71 Points (5.26%)
Brazil Bovespa Index Falls 49.19 Points (-0.09%)