Ivaylo
04 Jun, 2007
New York City
The media sector drew attention on Monday, as Rupert Murdoch is about to make an offer for the Wall Street Journal, which fact raised concerns of stronger competition in the sector, weighing on the U.K. market. GlaxoSmithKline is also lower on worries over its diabetes drug, Avandia, and Segro canceled out earlier gains and dipped. The FTSE 100 opened the afternoon session 0.4% lower at 6,651.2, a drop of 25 points.
Elena
04 Jun, 2007
New York City
U.S. stock futures pointed lower on Monday as investors digested another steep decline in Chinese stock prices. Although Shanghai plunged 8%, global markets were not seriously hurt. In corporate news, a number of merger deals were announced early Monday. Health Care Properties agreed to buy U.S. biotech real estate from British Segro for $2.9 billion. Qiagena greed to acquire Digene in a deal worth $1.6 billion.
Ivaylo
04 Jun, 2007
New York City
Japan and HK advanced on Monday, while the Shanghai Composite Index plummeted for a second day as the government in China raise last week a tax on stocks trading. The market in Tokyo gained on various factors, including a strong finish on U.S. markets last Friday, the softer yen and the strong business spending figures released today. All other major markets advanced.
Elena
04 Jun, 2007
New York City
Dominion''s Permian Basin operations will be bought by Loews Corp. for $4.025 billion, while Dominion''s operations in the Rocky Mountains will be taken over by XTO Energy for $2.5 billion. The operations include 3.51 trillion cubic feet equivalent of proved natural gas and oil reserves as of Dec. 31, 2006.
Ivaylo
04 Jun, 2007
New York City
The benchmark index opened with a positive bias on strong cues from global markets, but slid into negative territory in afternoon trading as selling pressure appeared at higher levels. IT stocks and auto and cement large caps declined. The market-breadth ended slightly negative. Tata Motors led the decliners, Grasim also dipped. Banking and metal stocks finished higher. Hindalco led the advancers. The fiscal 2007 has been the most successful in corporate net earnings in three years
Ivaylo
04 Jun, 2007
New York City
European markets are trading mostly higher in mid-day session on Monday with Vodafone and Segro brightening sentiment in the U.K., while ThyssenKrupp helped the German market to trade at a record high. In France, insurance company AXA pushed the market lower, after the insurer announced its decision to withdraw from from the Netherlands market. By mid-day, the German DAX Xetra traded up 0.2%, the French CAC-40 index lost 0.2% and the U.K. FTSE 100 index added 0.1%.
Ivaylo
04 Jun, 2007
New York City
The benchmark index opened with a positive bias on strong cues from global markets, but slid into negative territory in early afternoon trading as selling pressure appeared at higher levels. The sustained upward run of the rupee hurt IT stocks as it directly impacts their export-oriente revenues.The market-breadth was positive in the morning session but turned negative in the early afternoon session.
123jump.com Staff
01 Jun, 2007
New York City
U.S. economic reports pleased traders and lifted averages in the U.S., Europe and Latin America. Higher than expected rise in employment and strong personal consumption in April left the impression that the U.S. economy may rebound sooner than expected. The news supported a near 1% rise across major markets in Europe and Latin America. Telecom and utilities takeover talks lifted stocks in Europe. Mexico and Brazil advanced 2% but Shanghai fell more than 3%.
Elena
01 Jun, 2007
New York City
Wall Street opened higher, lifted by stronger-than-expected job growth in May and gains in the tech sector. Technology stocks showed significant strength after Dell posted Q1 profit results that topped expectations. The company also said it would cut 10% of its work force within the next two years in order to reduce costs. Dell rose 3%. Dow Jones & Co. climbed 15% after the Bancroft family said they will meet with Rupert Murdoch''s News Corp., which had offered $5 billion for the company.
Ivaylo
01 Jun, 2007
New York City
The UK market was higher in mid-day trading on Friday on upbeat miners and strong retailers. Investors are also awaiting U.S. non-farm payrolls figures which could indicate a possible rate reduction by the U.S. Feds. NHP Billiton and Home Retail Group are leading advancers, while Centrica was down. Punch Tavern is higher on positive broker comment, as well as Cadbury Schweppes. The FTSE 100 gained 10 points, 0.15%, and was at 6,631 in early afternoon trade.
Elena
01 Jun, 2007
New York City
U.S. stock futures advanced on Friday, boosted by upbeat employment data. Better-than-expected margins and unexpected job cut plan announced by Dell also provided help. The Labor Department said that nonfarm payrolls expanded by 157,000 in May slightly above the 150,000 expected by economists. The unemployment rate was steady at 4.5%, in line with expectations. Average hourly earnings rose 0.3% to $17.30.
Ivaylo
01 Jun, 2007
New York City
Asian markets ended mostly higher on Friday led by export-oriented stocks in Japan and a stronger dollar against the yen. Indexes in South Korea and Singapore rose to record highs, while Shanghai dipped despite strong performance from oil refiner Sinopec. HK closed lower, while Australia edged higher. Taiwan finished sharply higher while the market in Indonesia was closed for public holiday.
Elena
01 Jun, 2007
New York City
The computer maker reported profit of $759 million, or 34 cents per share, compared with $762 million, or 33 cents per share last year. First-quarter sales advanced 1% from the year ago period to $14.6 billion. Analysts had expected earnings of 26 cents per share on sales $13.95 billion.
Ivaylo
01 Jun, 2007
New York City
The benchmark index opened strong and until mid-day rallied on a smooth transfer of funds in the derivative markets, lower inflation and strong global cues. Then, market gains were limited on profit taking and selling pressure, though the index ended on a positive note. Cipla, Satyam and SBI led the advancers, while auto large-caps Hero Honda and Tata Motors were the worst performing stocks. Wholesale price inflation declined to 5.06% for the week ended May 19.
Ivaylo
01 Jun, 2007
New York City
European markets advanced on Friday as bid talk involving GBL outweighed caution ahead of U.S. non-farm payroll data some time later today. Merger and acquisition activity have been valued at $1.25 trillion sp far this year in Europe. Back in Europe, other gainers included French utility Lafarge, as well as Metro. By late morning, Frankfurt Xetra Dax added 0.7%, the CAC 40 in Paris gained 0.5% and London FTSE 100 climbed 0.4%.
