Elena
15 Aug, 2007
New York City
U.S. stocks gained some ground in late morning trading on the back of a Fed Reserve''s announcement related to the injection of more cash into the banking system. KKR Financial Holdings said it was selling $5.1 billion of residential mortgage loans, adding it will no longer invest in such assets. Company''s shares plunged nearly 20% as it also got a downgrade from Lehman to equal-weight.
Elena
15 Aug, 2007
New York City
Wall Street plunged at opening Wednesday, with continuous fears about a global credit crunch stifling positive sentiment, generated by data which showed the slowest consumer price inflation growth in eight months. An announcement from the Fed Reserve that it is ready to inject more cash to the banking system if needed, failed to bring relief. The Dow Jones fell below 13,000.
123jump.com Staff
15 Aug, 2007
New York City
Asian markets fell sharply across the region as worries of mortgage market deepen. Fearful investors sold stocks in the emerging markets in the region. Indonesia led the region with a loss of 6.5% followed by more than 3% losses in Philippines, Taiwan, Australia, and Hong Kong. Japan fell 2.2%. India and Korea were closed for holiday. Banks fell sharply in Indonesia, Australia, and Japan. Hong Kong Exchange reported sharp rise in earnings on higher listing fees and trading volume.
Elena
15 Aug, 2007
New York City
U.S. stock futures were indicating steeply lower opening on Wednesday, as growing concerns about the strength of the credit market offset ipbeat economic data. The Commerce Department said that U.S. consumer prices rose only 0.1% in July on falling gasoline prices, marking the slowest inflation rate in eight month. The core consumer price index increased 0.2% for the second straight month.
123jump.com Staff
15 Aug, 2007
New York City
Nikkei 225 index fell 2.2% with banking, real estate and industrial stocks leading the decliners. An index of top 85 stocks fell nearly 3% after losing 19% in the last five weeks of trading. Trading companies and metals and minig companies declined sharply. Matsushita fell 5% after Nokia offered to replace 46 million handset batteries made by the company. Asian stocks fell sharply in the region.
123jump.com Staff
14 Aug, 2007
New York City
New York market averages fell after the earnings warning from Home Depot and 15% decline in earnings from Home Depot. Nasdaq and S&P 500 fell nearly 2% and Dow fell 1.6%. Fear gripped investors again as stocks of banks, home lenders, real estate companies, and home builders fell sharply. Wal-Mart dropped 5% and Home Depot lost 4%. European markets fell more than 1% across the region. Mexico, Chile led the decllines in Latin American markets. Indonesia, Korea led declines in Asia.
Elena
14 Aug, 2007
New York City
European stock markets closed notably lower on Tuesday, pressured by weakness in the financial sector after a warning from Swiss banking giant UBS. Steep declines on Wall Street amid concerns about consumer spending also weighed on sentiment. UBS dropped 3.7% after it warned that if the current market conditions persist, third-quarter performance would be weak. France led decliners with a drop of 1.65, followed by the U.K, down 1.1%, and Germany losing 0.7%.
Elena
14 Aug, 2007
New York City
U.S. market averages traded steeply lower, pressured by concerns about consumer spending amid weak results from Wal-Mart Stores and pessimistic forecast about slowing housing market from home-improvement retailer Home Depot. Wal-Mart dropped 5%, while Home Depot slipped 3%. Financial stocks continued to post heavy losses, with Goldman Sachs falling 4.5, Morgan Stanley losing 3% and Lehman Bros moving down 4%.
123jump.com Staff
14 Aug, 2007
New York City
Asian markets traded lower on the worries that U.S. mortgage problem may last longer then first anticipated. The central banks in Japan and Australia drained liquidity from the markets as interest rates fell below target rate levels. Shanghai led the region with a gain of 1.5% and Indonesia with a loss of 1.94%. Thailand supreme Court issued arrest warrant for former Prime Minister Thaskin and his wife. Shipping and trading companies stocks in Tokyo rallied.
Elena
14 Aug, 2007
New York City
Wall Street opened slightly higher Tuesday. Shortly afterwards, market averages turned mixed, reflecting a drop in the trade deficit and benign wholesale-level inflation along with weak results from two leading retail companies. Dow component Wal-Mart fell 4.7% after it cut its full-year earnings outlook, saying underlying performance in Q2 was disappointing. Dome Depot dropped 1.5% after it posted a 15% profit decline and forecast housing market would continue to slow down.
Elena
14 Aug, 2007
New York City
U.S. stock futures predicted a flat market opening after economic data showed an unexpected decline in the trade gap and a larger-than-expected increase in producer prices in July. The Commerce Department said that the U.S. trade deficit narrowed by 1.7% in June to $58.1 billion. Higher energy prices lifted wholesale prices 0.6% to come in above estimates of 0.3%. Core producer price index increased 0.1%, in line with expectations.
Elena
14 Aug, 2007
New York City
The world
123jump.com Staff
13 Aug, 2007
New York City
Market averages opened higher but steadily declined in the afternoon trading and close lower. Home builders, mortgage lenders, and energy companies led the decline. Blackstone reported its first profit as a public company. The European Central Bank carried out largest liquidity operation of $65 billion, for the third day in a row. UK led the region with a gain of 3%. Asian markets rebounded on weak volume. Copper traded higher in Asia. Australia revised higher its inflation forecast.
123jump.com Staff
13 Aug, 2007
New York City
FTSE 100 surged 3% with a strenght in the regional trading. The European Central Bank added liquidity for the third day. After three days of adding $200 billion liquidity to the market averages in the region. Of the 102 stocks, 93 stocks increased in the FTSE 100 Index. Financials, banks, and insurance companies led the rise. Mining stocks jumped on gaining copper price. The pound fell a fraction.
Elena
13 Aug, 2007
New York City
European stock markets rebounded to close steeply higher Monday, boosted by solid gains in the shares of mining and financial stocks after recent declines. Markets also benefited from a positive comment from Morgan Stanley and easing subprime concerns, as central banks injected additional cash flows into the financial institutions. ECB added 47.5 billion euros to provide liquidity for the banking system. The U.K. surged 3%, followed by France which advanced 2.2% and Germany, rising 1.8%.
