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Market Update : 
U.S. Stocks Rebound; European Rates Unchanged
Author: 123jump.com Staff
123jump.com
Last Update: 1:07 PM EST January 10 2008

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December U.S. same store sales were weak in general and especially for the department stores. Wal-Mart sales rose 2.4% but at Target sales declined 5%. Oil fell after the economic slow down worried gained momentum around the world and lifted transportation and airline stocks. Monthly gasoline purchase rose 1% from a year ago in December in the U.S. Captial One Financial lowered its 2007 earnings outlook. Tata Motors in India lauched $2,500 car, forcing others to lower prices.

 
Of the ASX 200 index shares, AED Oil Limited led the gainers with a rise of 6% followed by increases in Minara Resources of 5.9%, in Perilya Limited of 5.8%, in Sally Malay Mini of 5.8%, and in Cabcharge Australia of 5%.

Of the ASX 200 index stocks, Centro Retail Group led the decliners with a fall of 24% followed by losses in Centro Properties of 22.5%, in MFS Limited of 9%, in Murchison Metals of 5.6% and in Mount Gibson Iron of 4.6%.
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