123jump.com Staff
02 Jan, 2008
New York City
ASX 200 Index edged higher on a weak rise in metal and mining stocks. ASX 200 gained 0.2 to close at 6,353.20. BHP and Rio Tinto edged higher. centro, the troubled mall operators and financial services company edged higher after the company said that several bidders are interested in company assets. Lion Nathan received government approval to purchase Tasmania based brewer J Boag. Felix Resources agreed to sell utilities led by Korea Electric Power 10% of the company.
123jump.com Staff
02 Jan, 2008
New York City
A weaker than anticipated U.S. manufacturing report in December left most markets in Europe lower. DAX Index in Germany led the decliners in the region with a loss of 1.5% followed by losses in France of 1.1%, and in the UK of 0.6%. Nokia, Ericsson, and ArcelorMittal fell on the munting worries of U.S. growth recession. Technology and construction stocks fell but energy stocks rose.
123jump.com Staff
02 Jan, 2008
New York City
Gold jumped $22 in New York trading to the close of $860 per ounce inching close to a record high of $873. Silver, copper and other metals edged higher too. Wheat and soubeans jumped more than 3% on the rising inflation and falling dollar. Gold jumped 31% and silver rose 22% in 2007.
123jump.com Staff
02 Jan, 2008
New York City
U.S. closed lower after a steep rise in oil and gold and weak report on manufacturing sector. December month manufacturing activities declined after rising modestly in November according an index. Oil surged above $100 intra-day record high, and closed at $99.30 a barrel. Oil has risen nearly ten-fold since Dec 10,1998 when it fell to a record low of $10.72 a barrel. Tech stocks fell sharply on the worries that capital spending in the year will be lower than estimated.
123jump.com Staff
02 Jan, 2008
New York City
U.S. stock averages lose nearly 1% after a weak manufacturing report for the month of December. Oil crossed $98 a barrel and gold traded above $850 level. Nasdaq led the decline in indexes with a loss of 1.5% followed by losses in Dow of 1.2% and in S&P 500 of 1.1%. Amazon.com rose 4% after an analyst at Citigroup raised its rating.
123jump.com Staff
02 Jan, 2001
New York City
Sensex in India surged 0.8% on its first day of trading. Sensex rose 156 to 20,465.30. Of the stocks traded on BSE, 1,974 advanced, 934 fell, and 13 were unchaged. BSE and NSE registered nearly 32 thousand crore rupees or nearly $8 billion trading turnover. Reliance Energy surged 4% after the reports that its subsidiary is likely to offer shares in an IPO and raise nearly 10,000 crore rupees or $2.5 billion. HDFC sells stake in its insurance subsidiary to Standard Life.
123jump.com Staff
02 Jan, 2008
New York City
Hong Kong stocks declined on the first day of trading in 2008 as investors worried on the direction of the U.S. interest rates. Hang Seng Index dropped 1.24% or 346.13 to 27,466.52. China Railway and China Communications rose more than 5% on the hopes that new construction activites will bolster revenue in 2008. Hong Kong properties stocks declined. Metals and energy stocks closed lower as prices of commodities in the region edged higher.
123jump.com Staff
31 Dec, 2007
New York City
The Sensex index in Mumbai traded rose 0.4% or 80.04 to close at 20,286.99. For the year 2007 Senssex rose 47.1%. Braoder index, CNX Nifty 50 rose 1% to close at 6,138.60 and for the year surged 55%. Reliance Communication and Idea Cellular gained in the session. Gold and silver rose in the session on the rising international prices. Bharti Airtel surged 5% after Temasek of Singapore led investor group plan to invest $1 billion in the infrastructure subsidiary.
123jump.com Staff
31 Dec, 2007
New York City
U.S. market index closed lower on the last day of trading in 2007, but for the year managed to rise. Nasdaq led the U.S. market averages with a rise of 9.8% followed by 6.4% rise in Dow and 3.5% in S&P 500. Brazil led the South American markets with a rise of 43%. China led the world indexes with a rise of 120% followed by 52% rise in Indonesia and 47% gain in India. Hong Kong surged 39%, its best year since 1999. Oil gained 60% and gold rose 31% in 2007.
123jump.com Staff
31 Dec, 2007
New York City
U.S. market index closed lower on the last day of trading in 2007, but for the year managed to rise. Nasdaq led the U.S. market averages with a rise of 9.8% followed by 6.4% rise in Dow and 3.5% in S&P 500. Brazil led the South American markets with a rise of 43%. China led the world indexes with a rise of 120% followed by 52% rise in Indonesia and 47% gain in India. Hong Kong surged 39%, its best year since 1999. Oil gained 60% and gold rose 31% in 2007.
123jump.com Staff
31 Dec, 2007
New York City
European markets eased on the last day of trading but for the year registered a weaker performance than 2006. Germany repeated its 22% gain in 2007 for the second year in a row but other markets rose less. UK rose 3.8% after rising 11% in 2006, France added 1.3% after gaining 17.5%, Spain increased 7% after surging 32% in 2006. Russia soared 27% on rising energy and metal prices in 2007. In Asia, China soared 120%, Hong Kong gained 39%, Indonesia surged 52%, and India advacned 47%.
123jump.com Staff
31 Dec, 2007
New York City
FTSE 100 index in London fell on the last day of trading but rose for the year. FTSE 100 lost 0.3% or 20 to close at 6,456.90 and for the year rose 3.8%. Banks, retailers, energy, and financial stocks declined in the session. Germany led the Western europe with a rise of 22% on a rise in industrial stocks. France edged 1.3% higher. The main index in Ireland fell 26% after rising on the back of ten year long economic expansion.
123jump.com Staff
31 Dec, 2007
New York City
U.S. stocks declined in the morning trading after the existing home sales report, rising oil prices, and weak financial stocks. Nasdaq and S&P 500 fell nearly 0.8%. Tracinda controlled by Kirkorian agreed to invest $684 million in Delta Petroleum. Merill Lynch and Citigroup are likely to accept another capital infusion from Middle East controlled funds.
123jump.com Staff
31 Dec, 2007
New York City
Australian stocks on the last day of trading closed nearly unchaged. in 2007, ASX 200 gained 12% in local dollar and added 25% in the U.S. dollar on rising mining and metals companies. Banks in Australia fell after the credit market turbulence in the second half of the year. Rio Tinto, BHP, and Fortescue were leading gainers in the ASX 200 Index. Australian dollar crossed 88 cents to one U.S. dollar and solid private sector credit data.
123jump.com Staff
31 Dec, 2007
New York City
Hong Kong Stocks advanced on the last day of trading on the hopes that the U.S. will furhter cut its interest rates at the end of January. Hang Seng index increased 1.6% or 442.05 to close at 27,812.65. For the year 2007 the index surged 39%, fourth best performing market in the region. Property and bankk stocks closed higher. Markets in mainland China, Indonesia, South Korea, and Japan were closed. Karachi Stock Market Index fell 4.7% on its first day of trading after Bhutto was killed.
