Ivaylo
10 Jul, 2007
New York City
The market opened higher and until mid-day trading was steady. In the afternoon session profit taking emerged which weighed on banking, cement and telecom shares, while auto and IT stocks saw intense buying. Tata Motors led the advancers with Infosys also advancing. Reliance Comms and HDFC Bank led the decliners. The Indian rupee edged higher towards a nine-year high. Infosys Technologies releases its Q1 results on Wednesday, July 11 2007.
Ivaylo
10 Jul, 2007
New York City
European markets declined for the first time in three days on Tuesday after Home Depot cut its profit guidance, raising concern the U.S. housing market is weighing on the economy. Foodmakers limited the decline, though, as Groupe Danone offered to buy Royal Numico for $16.8 billion, rekindling takeover speculation in the industry. By region, the U.K. FTSE 100 shed 0.2%, the German DAX 30 lost 0.3% and the French CAC 40 dipped 0.3%.
Ivaylo
10 Jul, 2007
New York City
Gold futures gained Monday on a softer dollar, higher energy prices and worries over recent world political events. Other commodities markets ended mixed. In the energy market, gasoline finished higher as BP PLC''s shutdown of a large oil-processing unit raised supply concerns. In Chicago, corn prices decloined amid forecasts for wetter, cooler weather in the Midwest.
123jump.com Staff
09 Jul, 2007
New York City
Alcoa kicks-off the second quarter earnings with a gain of 5% from Q1 2007 and drop of 4.8% from a year ago. Analysts were looking for the company to increase earnings between 4% and 5%. For the six months company revenue jumped nearly $1 billion to $15.9 billion and earnings of $1.37 billion or at $1.56 per share. After nearly three years of double digit earnings growth, earnings this year are likely to slow down amid rising energy costs, falling housing market and declining dollar.
123jump.com Staff
09 Jul, 2007
New York City
U.S. market averages traded up but appeared in a holding pattern ahead of earnings season start with the earnings from Alcoa. Buybacks of $10 billion from J&J and $15 billion from ConocoPhillips lift stocks. Terex jumped 9% on a broker upgrade. Google purchases software security firm. European stocks closed higher on takeover and rising metal prices. India, South Korea, Brazil, and Hong Kong close at record levels. Japan near seven-year high.
Elena
09 Jul, 2007
New York City
European stock markets closed in the positive on Monday, boosted by strength among resource companies,food and beverage shares, as well as telephone companies. Miners led advancers, with Antofagasta and Kazakhmys rising more than 2.7%. BHP climbed 1.8%. Sugar maker Tate & Lyle jumped 4.7% on upgrade by Credit Suisse. The German DAX Xetra 30 added 0.4%, the U.K.''s FTSE 100 gained 0.3%, and the French CAC-40 finished virtually flat at 6,104.66.
Elena
09 Jul, 2007
New York City
U.S. market averages turned in a lackluster performance, losing direction after the initial gains. The downward move by the Nasdaq was due to weakness in the tech sector, following a profit warning from Lexmark. The stock dropped 6%. Strong gains by General Motors and Boeing, respectively 2% and 1.2%, helped keep the Dow above the flat line. Housing, health care provider, and retail stocks posted strength, while hardware and telecoms stocks declined.
Elena
09 Jul, 2007
New York City
Diversified industrial manufacturing firm Sequa Corp. agreed Monday to be bought by the Carlyle Group in a deal worth $2.7 billion. Under the terms of the agreement, Carlyle will acquire all of the outstanding Class A and Class B shares of Sequa for $175.00 per share in cash. The transaction is a premium of 54% to the closing prices of Sequa''''s Class A and Class B shares on July 6.
Elena
09 Jul, 2007
New York City
Wall Street opened in the positive territory Monday amid investor optimism that Q2 corporate earnings will be solid and will help give the market some direction. Alcoa will traditionally kick off the season after the closing bell. The aluminum producer is expected to report a profit of 83 cents per share. Falling bond yields and fresh merger deals also generated positive sentiment.
Ivaylo
09 Jul, 2007
New York City
The UK market continues to trade higher at mid-day Monday on upbeat broker news and bid talk offset poor performance among the housebuilders after a disappointing update from Bovis Homes. Rolls Royce was also higher lifted by news that International Lease Finance Corporation selected the company to power 40 of the 74 Boeing 787 Dreamliners. The benchmark FTSE 100 in London is 0.29% higher at mid-day and is trading at 6,710.
Elena
09 Jul, 2007
New York City
U.S. stock futures moved slightly higher on Monday ahead of the second-quarter earnings season, with Alcoa reporting first after market close. The aluminum producer is expected to post strong results on demand in the aerospace sector. Lexmark fell 12% in pre-open trade after it warned over Q2 and Q3 earnings, due to weaker-than-forecast sales of inkjet supplies and pricing. Oil futures and bond yields were also in the spotlight.
Ivaylo
09 Jul, 2007
New York City
Asian markets rallied on Monday with the Nikkei 225 Average in Japan surging to a seven-year high as machinery-orders data buoyed precision-equipment makers, while Hong Kong and South Korea also both finished at record highs. In China, the market extended gains after government intends to limit the sale of state-owned shares in listed companies. Resource sector shares boosted Australia.
Elena
09 Jul, 2007
New York City
Diversified industrial manufacturing firm Sequa Corp. agreed Monday to be bought by the Carlyle Group in a deal worth $2.7 billion. According to the agreement, Carlyle will acquire all of the outstanding Class A and Class B shares of Sequa for $175.00 per share in cash. The transaction is a premium of 54% to the closing prices of Sequa''s Class A and Class B shares on July 6.
Ivaylo
09 Jul, 2007
New York City
The benchmark index saw sustained buying throughout the day with stocks from banking, capital goods and IT sectors leading the market higher. The market traded in a narrow range, virtually showing lack of volatility. The market-breadth was also very strong. Reliance Energy led the gainers with L&T and ONGC also performing well. Hindustan Unilever led the decliners. Sugar exports from India may double next year. Indian rupee was little changed today.
Ivaylo
09 Jul, 2001
New York City
European markets advanced on Monday buoyed by the strong U.S. finish on Friday and upbeat markets in Asia and as mining companies surged. Bid talks surrounding Dutch baby foods group Numico also supported the markets. British engine maker Rolls-Royce also gained on talks that International Lease Finance will use its engines in 40 of the 74 Boeing 787. The U.K. FTSE 100 index rose 0.4%, the German DAX Xetra 30 index advanced 0.6% and the French CAC-40 index edged up 0.3%.
