123jump.com Staff
26 Sep, 2007
New York City
Indian stocks continue to advance on steady foreign fund flows, expectations of lower interest rates, and a decline in inflation. Government plans to offer 12,000 crore rupees bonds to refinery companies to cover the losses from selling fuel at below market cost. IT stocks rallied after Wipro booked an order of $150 million with Thamse Utillity.
123jump.com Staff
26 Sep, 2007
New York City
New York stocks were lifted by the preliminary agreement between General Motors and the UAW. Dow, Nasdaq, and S&P500 traded 0.4% higher. August durable goods orders declined 4.9% to a seasonally adjusted to $219.53 billion. Borse Dubai in Nasdaq increased its offer for OMX. Red Hat reported 28% rise in revenue and profit by 59%. Crude oil price fell.
123jump.com Staff
26 Sep, 2007
New York City
Stocks across the European markets traded higher led by financial sector. FTSE 100 in London and DAX index in Frankfurt are trading 0.5% higher. Invesco in London said that it will move its listing to New York. Deutsche Borse traded higher after target price revision from Credit Suisse. OMX shareholders received 15% higher offer from Dubai.
123jump.com Staff
26 Sep, 2007
New York City
Stocks in Tokyo added 0.2% to 16,435.74 in Nikkei 225 index. August trade surplus soared on sharp rise in auto exports to China and Middle East. Exports to the U.S. edged 4.6%, to the EU increased 15.6%, and to China surged 23.8%. Auto exports to China soared 88%. Yen traded volatile. Retailers were in focuse after a deal between Yamada Denki and Kimuraya. Thailand, Philippines, and Indonesia added more than 1% in regional trading.
123jump.com Staff
25 Sep, 2007
New York City
In New York trading tech stocks rallied with Apple and Research in Motion reaching new highs but retailers fell on warning from Target and Lowes. Existing home sales fell 4.3% in August from July and declined 13% from a year ago. Consumer confidence fell to a 20-month low. Copper edged higher. Oil fell below $80 per barrel. European markets closed mixed. India and Australia closed at record highs.
123jump.com Staff
25 Sep, 2007
New York City
Stocks in London trading declined after miners and energy companies fell. FTSE 100 index closed 1.1% lower to 6,396.90. Pound after rallying for weeks edged lower against dollar and euro. BP fell after the company said that the earnings may be lower than expected. BHP fell despite reporting one of the largest discoveries of gold. National Grid led the gainers with a rise of 2.5% and Vedanta Resources led the delciners with a loss of 6.5%.
123jump.com Staff
25 Sep, 2007
New York City
Stocks in the afternoon trading in New York are trading lackluster. Retailers declined after the release of consumer confidence survey and revised outlook from Target and Lowes. Maxim Integrated may be delisted from Nasdaq. Whirlpool and its union agree on contract details. Of the 500 stocks in S&P 500, 208 gained and 283 fell. Retailers led the decliners among the index stocks and Yahoo, Precision Capstone, and Gilead Sciences led the gainers.
123jump.com Staff
25 Sep, 2007
New York City
Sensex in Mumbai trading closed higher but stocks in the broader markets were weaker. After a ten day rally in the index market appears to be ready for consolidation. ONGC Videsh has received license to drill oil in Myanmar and plans to invest $150 million in the project. HDFC Bank led the stocks in Sensex and Mahindra & Mahindra led the decliners in the index. Rupee fell against dollar to 39.80 rupee. The Reserve Bank of India reported foreign exchange reserve of $232 billion.
123jump.com Staff
25 Sep, 2007
New York City
August existing U.S. home sales declined. The sales declined the most in the West but prices in the Midwest declined only 0.7% from a year ago. The consumer confidence fell in August to 20-month low and is expected to fall further. Retail stocks in the morning trading in New York fell on lowered profit forecast from Lowes and smaller rise in same stores sales in September from Target. Oil below $80. European markets are mixed. Australia closed at a record high ahead of BHP annual report.
123jump.com Staff
25 Sep, 2007
New York City
Lennar, Miami based home builder, reported third quarter loss of $3.25 per share or $513.9 million on 44% decline in revenue. The company sold 41% fewer homes at 6.3% lower prices. Lennar reported a string losses beginning in the fiscal fourth quarter of 2006. In the fourth qaurter the company reported a loss of $1.24 per share and in the second quarter of fiscal 2007 a loss of $1.55. In the first quarter 2007 Lennar reported a profit of 43 cents.
123jump.com Staff
25 Sep, 2007
New York City
Stocks in Tokyo trading gained 0.6% to close at 16,401.73 on rising yen, land prices, and wider rally in energy and metals trading companies. Of the 225 stocks in the Nikkei index, 136 gaines, 81 declined and 8 closed unchanged. Yen advacned against American, Australian, and New Zealand dollars. Last week meeting minutes at BoJ revealed that the bank is likley to keep rates at 0.5% if credit markets do not retun to normal.
123jump.com Staff
24 Sep, 2007
New York City
Stocks in New York were lackluster after a week of advance. Techs and mining stocks gained but financials and housing sector stocks declined. Apple, EMC, and Google closed higher. BHP Billiton led the miners higher in Europe and Asia after the news reports said that the company has discovered large deposits of gold. India, Hong Kong, and Australia closed at a record high. UK August reported a record budget deficit. PetroChina jumped 8% but China Eastern Air dropped 18%. Oil, gold fell.
123jump.com Staff
24 Sep, 2007
New York City
Stocks in London closed marginally higher. Mining stocks closed sharply higher on falling dollar and rising metals and oil prices. Rio Tinto, BHP Billiton, Antofagasta, and Vedanta Resources closed higher. BHP is reported to have found one of the largest gold deposits, discovered in the recent years. Tesco jumped on broker recommendation. Wolseley reported lower than expected earnings on the U.S. housing sector slow down.
123jump.com Staff
24 Sep, 2007
New York City
Sensex in India jumped 1.7% to a record close at 16,845.83. of the 30 stocks in the Sensex, 25 closed higher. The steady fund flows into the country has lifted rupee to a nine-year high. The rupee closed 0.3% higher to 39.77 against one dollar. Rupee advanced 1.4% in the last week, up 11% for the year and 14% in the last twelve months. Kamal Nath ruled out the possiblities of government intervention in the currency market. Relinace Industries closed at a new record.
123jump.com Staff
24 Sep, 2007
New York City
In the the early trading in New York, tech and mining stocks are leading the charge. Oracle, EMC, and Apple are up nearly 4%. Mining stocks are sharply higher led by Brazilian miner CVRD. In the overnight trading in Asia, Hong Kong led the region with a sharp rise in the Hang Seng index. Australia, India, and Korea advanced. In European trading mining stocks are leading UK higher by 0.4% in the late afternoon trading. India jumped 1.6%.
