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.
123jump.com Staff
28 Dec, 2007
New York City
U.S.market averages traded sideways in the session after new home sales plunged 9% in November. Home prices declined as well. Dow Jones and S&P 500 closed up a fraction but Nasdaq declined a fraction. Oil and gold rose as commodities prices advanced in international markets. Former Prime Minister of Pakistan, Bhutto was laid to rest in her hometown. Nikkei 225 Index in Japan fell 1.6%. Germany led the European markets with a rise of 22% in 2007. Brazil led Latin manrkets with 43% gains.
123jump.com Staff
28 Dec, 2007
New York City
UK stocks edged lower after a week of volatile trading. FTSE 100 Index declined 0.3% to 6,476.90 and gained 4% in 2007 after rising 11% in 2006. Germany led the western Europe with a rise of 22% and Russia gained 27% in 2007. UK home prices fell 0.5% in December to 182,000 pounds but still manage to gain 4.8% for the year. tighter mortgage conditions are likely to slow the home sales and values in 2008. St.Albans is the most expensive area in UK with average home price of 350,000 pounds.
123jump.com Staff
28 Dec, 2007
New York City
Stocks in Europe were little changed ahead of the holiday weekend and as Germany traded for the last time in 2007. RTS Index of Russia led the European markets with a rise of 27% leading other markets in the western Europe followed by increase of 22% in Germany. France reported its third quarter economic growth of 0.8% on rising consumer spending and corporate investments. UK home prices fell for the secod month in a row but are still nearly 5% higher from a year ago.
123jump.com Staff
28 Dec, 2007
New York City
Italian Finance Minister Tomaaso Padoa indicated that Air France-KLM will be selected as the preferred bidder for the sale of the national carrier Alitalia. After months of dragged bidding and lost investors interest the sale is likely to be completed in the second half of 2008. Air France -KLM valued the troubled and loss making carrier at half the current market cap.
123jump.com Staff
28 Dec, 2007
New York City
Holland based ING has agreed to sell its U.S. based re-insurance unit for 300 million euros or $440 million to an insurance subsidiary of Berkshire Hathaway. The sale will free capital for ING from possible long term liabilites from tobacco and asbestos claims. The sale will result in 100 million euro capital loss at ING but will improve its debt to capital ratio.
123jump.com Staff
28 Dec, 2007
New York City
U.S. market averages lost early momentum after finacials and retail stocks declined. Citigroup and HSBC are looking to sell assets to improve capital base. November new home sales declined 9% from October and fell 34.4% from a year ago, the steepest decline in the last sixteen years. Median price of new home sold declined 0.4% to $239,100. Berkshire plans to launch a bond insurance unit hurting MBIA and Ambac stocks. Oil and gold edged near recod high.
123jump.com Staff
28 Dec, 2007
New York City
Stocks in Japan struggled today as they have done for the year. Nikkei fell 0.6% to 15,546.69 and for the year is down 11%. Credit market worries, slumping U.S. and Japanese economic growth, and virtual halt in construction industry has crimped economic vitality. Consumer price index in November rose at one of the fastet rates in a decade on rising food and energy prices. Japan Airlines stock fell after talks of 150 billion yen offering to raise additional funds.
123jump.com Staff
28 Dec, 2007
New York City
ASX 200 index lost 0.2% to 6,339.90. Rams Home Loans extended a $500 million loan and the maturity of two of its funds by four months. Centro Direct Property Fund and international fund will pay reduced dividends for the fourth quarter. The Board of IMX Resources today signs an agreement with Jilin Tonghua Iron & Steel Mining Company Ltd for the sale of Cairn Hill ROM magnetite /copper ore in South Australia. Australian dollar closed higher.
