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America Market Update

UK Home Prices Fall, Stocks Rise
Nov 27, 2008 1:20 PM ET
UK stocks closed higher on a rise in commoditites stocks after BHP Billiton aborted its hostile offer for Rio Tinto. A surprise rate in cut in China also lifted sentiment in the commodities markets. UK home prices fell 14% from a year ago in November. >>

Banks, Realty Stocks Rise in China
Nov 27, 2008 11:27 AM ET
After a surprise rate cut in China stocks gained in Shanghai and in Hong Kong. Social investment in China is likely to increase to Rmb18 trillion in 2009. Airlines in China gained on the financial suppor from the government. Chinese steelmakers gained after BHP Billiton withdrew its offer for Rio. >>

New Home Sales, Stocks Rise in Australia
Nov 27, 2008 11:09 AM ET
Stocks in Australia gained on speculation that latest China rate cut will sustain exports of commodities. New homes sales soar 6.7% in october on lower mortgage rates and increase in tax incentives for the first time home buyers. BHP Billiton will let its filing deadline lapse with the EU and UK. >>

Panasonic Lowers Earnings, Tokyo Stocks Up
Nov 27, 2008 11:27 AM ET
Stocks in Tokyo rose 2% on the hopes that the latest rate in cut in China will help exports from Japan. Toix Index gained 1.5%. Inpex soared 10% after crude oil prices increased 7%. Meidensha Corp led the gainers in Nikkei with a rise of 10.1%. Panasonic Corp lowered its full year earnings. >>

U.S. Stocks Surge, Oil Rises 7%
Nov 26, 2008 6:21 PM ET
U.S. stocks rallied in the afternoon on a strenght in tech stocks, 7% rise in crude oil prices and hopes that new economic team will focus on economic growth. Stocks in energy, technology and retail sectors closed higher. The largest Canadian telecom operator BCE leveraged buyout may unravel. >>

UK GDP Shrinks 0.5%, Pound Falls
Nov 26, 2008 5:56 PM ET
GDP in the third quarter in UK shrank 0.5% on falling consumer spending and tight credit environment. The British pound fell immediately against dollar and euro. The UK government has lowered taxes and the BoE has lowered interest rate but nearly 1 million people are claiming jobless benefits. >>

FDI Surges in India, Rupee Nears Low
Nov 26, 2008 3:07 PM ET
Stocks in India closed above 9,000 after foreign direct investment in the first six months of the fiscal year surged to $17 billion. The surprise rate cut in China also lifted stocks in the Asian markets. Rupee edged higher and software services export stocks followed. Reliance Industries gained 6%. >>

China Cuts Rates, Hong Kong Stocks Rise
Nov 26, 2008 2:46 PM ET
China cut its key lending and deposit rate to stimulate economic activities. Exports from China are expected to decline faster than previously estimated and real estate prices in mainland have plunged more than 25%. China cuts its key lending rate to 5.58%. Chinalco raised its stake in Rio Tinto. >>

Stocks in Australia Fall, Budget Worries
Nov 26, 2008 5:57 PM ET
Australian stocks fell on the rising worries that government budget may slip in negative for the first time in seven years. Separately, OECD lowered its growth estimate for the country to 1.7% in 2009 and revised higher the unemployment projections. Rio Tinto plunged 37%. >>

Toyota Ratings Lowered, Tokyo Stocks Fall
Nov 26, 2008 2:00 PM ET
Stocks in Japan closed lower on falling domestic electronics sales and a sharp decline in U.S. home prices. Investors in Japan are looking for clues for the depth and length of the U.S. recession and its impact on the exports from Japan. Toyota debt rating was lowered to AA from AAA. >>



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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc