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Market Update : 
Industrial Output Grows 0.9%
Author: Elena Todorova
123jump.com
Last Update: 9:32 AM EST November 17 2005

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Asian-Pacific benchmarks closed broadly higher, led by the Nikkei which rose 1.7%, hitting a fresh four-year high of 14,411,79. Seoul''''s Kospi also reached an all-time high of 1,272,80. European stocks gained at mid-day on mergers and commodities. In U.S. corporate news, Applied Materials posted Q3 46% profit drop but beat estimates by a penny. Oil producer ConocoPhillips was downgraded by J.P. Morgan to neutral from overweight.

 
Johnson Outdoors Inc(JOUT: chart), outdoor recreation company, announced that Q4 net earnings improved to a net loss of 39 cents per share, up vs. a net loss of 44 cents per share for the prior year period. Sales rose to $77.1 million in Q4, an increase of 2% compared to $75.6 million for the same period last year.
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