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%)

Uk Economy Still In Recession

admin — Sat, 24 Oct 2009 08:20:21 +0000

Despite hopes for an end to the recession, the United Kingdom Office of National Statistics reported yesterday that the UK economy fell into recession for a sixth straight quarter, making it the longest downturn on record.

The UK’s third quarter domestic Gross Domestic Product (GDP) declined by 0.4% from the previous quarter, thwarting hope for anticipated growth of 0.2%. The economy shrank 5.2% from a year ago, a slight improvement from Q02 2009′s record 5.5% contraction. The UK continues to suffer from a fall-off in its vital services industry.

News Feed » UK Recession

Overnight Market News – January 26, 2010

Uk Economy Still In Recession