Archive for July, 2010

US jobless claims in a surprise tumble

July 30, 2010

International Market Report 30th July 2010
In Asia the benchmark Nikkei fell 145.84 points to 9,550.18. The broader Topix lost 1.4 percent to 849.56. While in the US The Dow Jones industrial average dropped 30.72 points to 10,467.16. The Standard & Poor’s 500 Index dropped 4.59 points to 1,101.54. The Nasdaq Composite Index dropped 12.87 [...]

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Growth slows in parts of US

July 29, 2010

International Market Report 29th July 2010
Fears of a double-dip recession grew as economic growth in parts of the US is reportedly at risk of grinding to a halt. The Federal Reserve’s latest Beige Book survey tracking 12 regions showed growth in Atlanta and Chicago had slowed and Cleveland and Kansas City had held steady. Other [...]

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US property price survey suggests modest growth

July 28, 2010

International Market Report 28th July 2010
In Asia the benchmark Nikkei gained 117.62 points to 9,614.47, the broader Topix added 1.2 percent to 855.88. The Australian ASX All Ords was up 28.2 points to 4542.10 late in the trading day. In the US the Dow Jones industrial average added 12.26 points to 10,537.69. The Standard & [...]

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US new home sales surge in June as inventories contract

July 27, 2010

International Market Report 27th July 2010
The benchmark Nikkei shed 6.81 points to 9,496.85, the broader Topix was flat at 846.12. In the US the Dow Jones industrial average gained 100.81 points to 10,525.43. The Standard & Poor’s 500 Index .SPX rose 12.35 points to 1,115.01. The Nasdaq Composite Index advanced 26.96 points to [...]

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BP Boss poised to step down

July 26, 2010

International Market Report 26th July 2010
The benchmark Nikkei lifted 89.77 points to 9,520.73 on Monday. Topix gained 0.9 percent to 848.79. The Australian ASX200 also rose 83.7 points to 4458.39. While on Friday The Dow Jones industrial average gained 102.32 points to 10,424.62. The Standard & Poor’s 500 Index .SPX rose 8.99 points, to 1,102.66. [...]

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Wall St cheers bumper results City doubts over Euro stress test results

July 23, 2010

International Market Report 23rd July 2010
The benchmark Nikkei gained 189.11 points to 9,409.99, the broader Topix added 1.6 percent to 838.38. In the US the Dow Jones industrial average gained 201.77 points to 10,322.30. The Standard & Poor’s 500 added 24.08 points to 1,093.67. The Nasdaq Composite rose 58.56 points to 2,245.89.
Wall Street bellwethers cheered [...]

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EU told to punish deficit offenders

July 22, 2010

International Market Report 22nd July 2010
In the US the Dow Jones industrial average lost 109.51 points to 10,120.45. The Standard & Poor’s 500 fell 13.91 points, to 1,069.57. The Nasdaq Composite dropped 35.16 points, to 2,187.33.
Japanese markets were closed on Monday.
France and Germany yesterday urged the European Union to impose tougher sanctions on serial budget [...]

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Mac sales push Apple profits up

July 21, 2010

International Market Report 21st July 2010
Asian indices edged up yesterday lead by the benchmark Nikkei up 0.3 percent or 21.19 points to 9,321.65, while the broader Topix edged up 0.1 percent to 833.43.
In America the Dow Jones industrial average rose 75.53 points, or 0.74 percent, to 10,229.96. The Standard & Poor’s 500 Index .SPX gained [...]

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Revenues at IBM fail to impress

July 20, 2010

International Market Report 20th July 2010
Asian indices showed weakness with the benchmark Nikkei shedding 158.84 points to 9,249.52, while the broader Topix lost 1.4 percent to 828.82. The American news was more bullish with the Dow Jones industrial average adding 56.53 points, or 0.56 percent, to 10,154.43 although after the bell selling of IBM [...]

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Goldman pays SEC $550 to kill fraud case

July 16, 2010

Internationl Report 16th July 2010
Last Night US lawmakers passed a landmark financial reform bill allowing the broadest overhaul of rules governing America’s largest financial institutions since the 1930s. The Senate approved the bill by a 60 to 39 vote and will now send it to President Barack Obama to sign into law next week. [...]

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