Market

In todays market report Japan Airlines rallied after news the government may guarantee about $7.8 billion in loans for the debt-stricken airline.

The benchmark Nikkei closed at a six-week high, also helped by the dollar’s surge against the yen on the back of better-than-expected U.S. jobs data.

The economic news boosted investor sentiment across Asia, raising hopes of greater demand for Asian products from exporters like Sony.

China’s Geely Automobile Holdings said it aims to sell a third more vehicles next year and continue to seek acquisitions, sending its stock to another record high.

Elsewhere is Asia, commodities-related stocks dipped, pushing the Australian benchmark to a one-week low, although most regional benchmarks advanced.

Gold extended losses, but oil rose on the view that U.S. demand would increase along with its economic recovery.

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Asian shares edged higher Wednesday while global inflation and recovery worries pushed gold to another new high.

Gold hit a new record while crude prices also rose to near $80 a barrel.

In Hong Kong banks jumped as Chinese and U.S. regulators negotiated a pact aimed at encouraging Mainland institutions to buy into small and medium-sized U.S. banks.

China Mobile rose as the world No.1 by subscribers and is set to carry Dell’s smart phone products in the Mainland later this month.

Japan’s Nikkei came under pressure with banks lower ahead of earnings news from giant Mitsubishi UFJ.

Shares of embattled Japan Airlines tumbled to the lowest level since a re-listing in 2002, after the nation’s transport minister said he had not ruled out a court-led bankruptcy.

The debt-laden JAL has fallen over 40 percent since mid-September amid measures to keep loss-making carrier operational.

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Real estate expert Phil Amodeo reports that North Texas is the leading real estate market in the nation with the most stable prices and increasing sales.

Prices were up 1.9% in May compared with June, which had increased 1.7% in May.

The inventory of unsold homes is starting to shrink, and in some areas, there is a relative shortage of homes.

The $8,000 1st time homebuyer tax credit is fueling the stronger activity, as well as move-up buyers who are seizing the opportunity to buy bigger homes at a discount.

Existing home sales were up 3.6% Nationally, and new home sales continue to rebound, too, up 11% in June, compared with May.

This is the largest increase since December, 2000, so it appears that the real estate market has turned a critical corner.

In a separate report, it was announced recently that Texas offers one of the top business climates in the nation, with unemployment significantly below the national average, and the likelihood that the area will rebound quickly as the national economy improves.

Interest rates remain low, so it’s a great time to purchase a new home in the dynamic North Texas market.

Mansfield and Arlington offer great neighborhoods,abundant recreational facilities, entertainment and shopping for all lifestyles and age groups.

The convenient access to Dallas and Fort Worth makes them an ideal communities to call home.

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