U.S. Stocks Rise; Deere, Whole Foods Drop

Market Update Analysis:

Author: 123jump.com Staff
123jump.com
Last Update: 11:40 AM EDT May 14 2008

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U.S. stocks advanced in the morning trading as inflation measure showed a smaller than expected rise in April. Monthly inflation rose at 0.2% according to the government. However most consumers feel the pain of rising food and energy costs. Deere & Company fell after earnings rose 22%. Whole Foods dropped 10% after quarterly earnings declined. Markets in Europe, Asia and Mexico traded higher.

Asian markets review

In Tokyo Nikkei 225 Index closed higher 164.82 or 1.18% to 14,118.55, in Hong Kong Hang Seng index decreased 19.29 or 0.08% closed to 25,533.48. In Australia ASX 200 index higher 60.00 or 1.03% to close 5,872.70. In Malaysia KL Composite index increased 1.20 or 0.09% closed to 1,287.74.

In South Korea Kospi Index increased 0.95 or 0.05% to close at 1,843.75, in Thailand SET index closed higher 9.66 or 1.15% to 848.94 and Indonesia JSE Index edged increased 30.44 or 1.26% to 2,449.34. Sensex index in India increased 225.49 or 1.35% to 16,978.35.

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