Ivaylo
09 Jul, 2007
New York City
Commodities advanced broadly on Friday with gold rising on weaker dollar and surging oil prices. The strong June jobs report boosted the dollar initially, but then the greenback could not hold onto its gains. August gold added as the metal usually goes in the opposite direction of the dollar. Silver also advanced, as well as copper. Renewed violence in Nigeria lifted the price of oil futures. Nickel lost, bucking the trend with the other industrial metals which edged higher.
123jump.com Staff
06 Jul, 2007
New York City
U.S. averages staged a rebound in the afternoon trading lifted by takeover news, steady bond yields, and speculation on earnings. June payroll data showed healthy gains. CBOT Holdings and Chicago Mercantile Exchange gained after CME revised its offer third time to $11 billion. Retailers in the U.S. and Japan rallied. In Asian trading Shanghai surged nearly 5% and Brazil, India, Indonesia, Hong Kong and South Korea closed at record levels. Oil traded near $73 per barrel. Gold climbed.
Elena
06 Jul, 2007
New York City
European stock markets regained ground on Friday, as higher crude oil prices boosted oil companies and stronger-than-expected jobs growth in the U.S. also generated positive mood. Shares of Royal Dutch Shell rose 2.9%, following an upgrade to buy from reduce at Deutsche Bank. BP shares gained 1.1%. The French CAC-40 gained 0.7%, the U.K.''s FTSE 100 advanced 0.8%, and the German DAX rose 0.8%.
Elena
06 Jul, 2007
New York City
U. S. stock averages turned to the upside in late morning trading, helped by strength among resource stocks. Gains in shares of oil companies offset worries about higher borrowing costs after strong employment data. Exxon Mobil advanced 0.6% and Chevron Corp. gained 1.5% after U.S. crude oil climbed to $72.79 a barrel. Gold stocks posted particularly strong gains after gold prices climbed $5.30 to $655.90 an ounce.
Elena
06 Jul, 2007
New York City
U.S. stocks traded mixed on Friday morning, as bond yields rose after data showed a stronger-than-expected jobs growth in June, including upwards revisions of previous months. The benchmark 10-year Treasury bond was down 13/32 at 94-21/32, lifting its yield to just below 5.2%.
123jump.com Staff
06 Jul, 2007
New York City
June U.S. payroll increase was reported at 132,000 and hourly wage gains were reported at 0.3% increae from April or 3.9% from a year ago. The May payroll data was revised to 190,000 from 157,000 and April numbers were revised 50% higher. The tight labor market has pushed wages higer in the last two years. However, U.S. economy has failed to generate more than 2 million annual jobs, a celing for the last thirty years.
123jump.com Staff
06 Jul, 2007
New York City
Sensex in India traded above 15,000 but settled below, still a new record. The Index has jumped 50% in less than 17 months of trading. Cement and software export companies rallied on falling rupee in international trading. Mahindra & Mahindra to replace Hero Honda in Sensex as of Monday. Weekly measure of inflation fell to 13-month low, prompting a debate that further rate revision may be halted. ICICI Bank plans to offer $1.5 billion in debt.
123jump.com Staff
05 Jul, 2007
New York City
U.S. averages closed mixed but tech stocks were in favor. Google, Cisco, Apple and Research in Motion advanced. Rising yields in the U.S. bond market lowered banks and brokerages. Bank of England raised rates but European Central Bank left rates unchaged. Shanghai fell 5% on the worries that $40 billion of IPOs in the second half may sap liquidity. DLF IPO in India, largest-ever, raised $2.2 billion. Crude oil climbed. Chile fell 1%, largest decline in a month, but still up 30% for the year.
Elena
05 Jul, 2007
New York City
European stock markets finished in the red on Thursday, pressured by rate concerns and weakness in the shares of utilities and phone companies. The Bank of England raised its key rate by a quarter of a percentage point, to 5.75%, in line with expectations. Vodafone fell 2.4% amid press reports that it isn''t in line to supply the iPhone in Europe. Among regional benchmarks, the German DAX slipped 1.1%, the French CAC-40 lost 0.6%, and the U.K.''s FTSE 100 declined 0.6%.
Elena
05 Jul, 2007
New York City
U.S. market averages traded mixed, as renewed concerns over rising bond yields offset the positive sentiment generated by new takeover activity and strength in the U.S. service sector. Hilton Hotels surged 26% and Huntsman jumped 12%. The ISM''s index of service sector activity in June rose to 60.7%, indicating that non-manufacturing industries expanded faster than expected.
Elena
05 Jul, 2007
New York City
Bank Austria announced on Thursday that it signed an agreement to buy 95% of Ukrainian bank Ukrsotsbank from an investor group represented by Interpipe Group for about $2.2 billion. UniCredit Group
123jump.com Staff
05 Jul, 2007
New York City
Sensex edged lower on firm trading in rupee, lower closing in Asian markets, and a decline in cement and software stocks. Property developer DLF Limited priced its $2.2 billion IPO, largest-ever IPO in India valued at 29 times earnings. strong economic growth and rising properties has propelled several realty stocks to a record high. Autos and banks gained for the second day in trading.
Elena
05 Jul, 2007
New York City
U.S. stock markets reopened lower on Thursday after the Independence Day holiday, hurt by surging crude oil prices and rising bond yields. Oil prices hovered near $72 a barrel ahead of weekly petroleum report. Stocks failed to sustain the positive pre-market mood, despite 27% rise in the shares of Hilton Hotels after Blackstone Group''s $26 billion acquisition offer. Investors also digested the interest rate hike by The Bank of England to 5.75%, which exerted pressure on the dollar.
Elena
05 Jul, 2007
New York City
The offer exceeds a previously agreed deal with Dutch group Basell. Apollo division Hexion Specialty Chemicals offered $27.25 a share in cash for Huntsman, representing an 8% premium to an offer of $25.25 a share, or $5.6 billion, from Basell.
123jump.com Staff
04 Jul, 2007
New York City
Global markets conitnued to climb on the day when markets in New York were closed. European markets closed higher across the region on takeover rumors and positive earnings outlook. Hotel and property stocks were lifted on the $20 billion buyout for Hilton Hotels. Chipmakers in Asia and Europe rallied on expectations of price hikes. Nuclear industry related stocks rallied in Tokyo. Bank of England is expected to increase rate by 25 basis points tomorrow.
