123jump.com Staff
08 Jan, 2008
New York City
European markets closed higher but may open sharply lower in the morning tomorrow. FTSE 100 index in London closed higher on strenght in miners and energy stocks. Retail sales in UK rose in December at 0.3% from a year ago and UK home prices fell 0.8% in the fourth quarter. Manufacturing orders in Germany rose in for the second month in November. Sales at Peugeot, Citroen, and Mercedez rose in 2007. French TF1, and M6 television channel stocks jumped after sarkozy proposes to eliminate ads.
Elena
29 May, 2007
New York City
U.S. stock futures were indicating a positive opening on Tuesday after a three-day weekend. Pre-market sentiment was lifted by merger activity, including a $95.5 billion hostile bid for ABN Amro from a group led by Royal Bank of Scotland. In other deal news, Archstone-Smith is close to a $20 billion acquisition by Tishman Speyer and Lehman Brothers. URS Corp. agreed to buy engineering and design company Washington Group for $2.6 B in cash and stock.
123jump.com Staff
08 Jan, 2008
New York City
Stocks in Mumbai traded higher as energy, techology, and metals and mining companies rallied. Sensex Index closed up 61 to 20,873. This is the sixth day in a row that the Sensex index hs closd above 20,000. Of the stocks traded on BSE, 539 shares advanced, 2,404 fell, 23 remained unchanged while. Of the BSE shares Reliance Industries was up 1.05% to 3,047.25 rupees ICICI Bank fell 1.7% to 1,340.05 rupees and Reliance Natural Resources surged 7.2% to 244.15 rupees. Tata Steel shed 4.2% to 866.
Ivaylo
29 May, 2007
New York City
Asian markets ended mostly higher Tuesday, as Japanese markets led the advance on domestic-related rising after the government reported better-than-expected economic data. HK finished lower, while South Korea continued its winning streak. Elsewhere around the region, Singapore finished almost unchanged, Taiwan advanced slightly, while Australia surged more than 1%.
Elena
29 May, 2007
New York City
The group offered 11% more cash compared to an earlier bid of 27.30 euros a share, and in total the improved bid was worth more than the all-stock offer from Barclays. RBS, Santander and Fortis offered 30.40 euros in cash and 0.844 RBS share for each ABN Amro share, valuing the Dutch bank at 38.40 euros a share.
Ivaylo
29 May, 2007
New York City
Although the market opened with a positive bias, trading was subdued in the early session. Buying gained momentum in late deals on a rally in Reliance Industries, BHEL and Cipla. The benchmark index was highly volatile in morning trade but firmed up in afternoon deals. The market-breadth was positive. HDFC and Gujarat Ambuja led the decliners. The annual monsoon hit Kerala, four days ahead of schedule.
Ivaylo
29 May, 2007
New York City
European markets were broadly higher for the first time in three days after a sales forecast from Vodafone lifted phone companies and as investors watched carefully ongoing deal moves in the banking sector after a Royal Bank of Scotland-led consortium formally offered to buy ABN Amro. The U.K. FTSE 100 index advanced 0.2% while the German DAX Xetra 30 index increased 0.1% as British and German investors returned from a long holiday weekend. The French CAC-40 index inched down 0.1%.
123jump.com Staff
28 May, 2007
New York City
Global markets raced higher led by a sharp rise in China, Korea, Brazil, Japan and Chile. Rising prices of copper and nickel lifted commodities driven markets and stocks around the globe. However, Peru fell 2.4% on worries that higher metal prices are not sustainable. OMX is likely to receive bid from Dubai. Norsk Hydro is reported to mull a bid for Alcan, higher than offered by Alcoa. Rupee in India surges to a nine-year high.
Elena
28 May, 2007
New York City
European stock markets closed in the positive territory Monday after trading in a tight range, with the U.K., German and Swiss bourses closed for public holidays. Market sentiment was supported by strength among steel companies. Arcelor Mittal and Vedior stood out among gainers, rising 0.8% and 0.9% respectively. Acerinox climbed 3.8% benefiting from nickel price movements. The French CAC-40 added 0.2%, the Netherlands''s AEX Amsterdam rose 0.4% and Spain''s IBEX gained 0.5%.
123jump.com Staff
08 Jan, 2008
New York City
U.S. stocks fell sharply in the last hour of trading on the credit market weakness and fear of falling consumer speding. consumer sensitive stocks, financials, and retailers dropped sharply in the final 30 minutes of trading. AT&T chief said more customers are late in paying bills, that comment and rising gold and oil hurt the market averages. Nasdaq dropped 2.4%. Gold jumped $18.30 and raced to a record high.
123jump.com Staff
08 Jan, 2008
New York City
Stocks in UK traded higher on the rising energy and metals prices. FTSE 100 index in London closed up 0.33% or 20.80 to close at 6,356.50. Halifax House Price index increased by 1.3% in December after declining for three months in a row. The average price of a home in the U.K. increased by 11,759 pounds from a year ago to 97,039 pounds.
123jump.com Staff
08 Jan, 2008
New York City
Starbucks appointed its founder and chairman Howard Schultz as its new chief executive replacing Jim Donald. Starbucks stock jumped 10% on the appointment but has lost nearly 50% of its value in the last year. Starbucks has been a victim of too many stores in less than desirable locations competing against each others and rising operating costs. A cup of latte at Starbucks costs more than a gallon of oil in the U.S.
123jump.com Staff
08 Jan, 2008
New York City
Australian stocks declined for the second day in a row on the weak international metals prices. Xstrata dismissed Resource Pacific Holdings Ltd 8 million metric tons a year coal production target and sad it lacked technical credibility. The Australian dollar closed stronger today, buoyed by stronger than expected building approval data. GrainCorp rose 7.5% on recent rains in the region. Centro Retail Group fell 11%.
123jump.com Staff
08 Jan, 2008
New York City
U.S. stocks fell after nearly two hours of trading on a weakness in housing market and worries related to economic slowdown. An index of pending home sales declined 19% from a year ago according to the Natioanl Association of Realtors. Bear Stearns and Starbucks replaced their chief executives. Oil and gold surged nearly 2% lifting the stocks in the energy and metals sectors. KB Home reported a sharply higher quarterly loss.
Ivaylo
28 May, 2007
New York City
China surged Monday buoyed by large-cap, with stocks in Japan and South Korea also advancing. In Tokyo, the market recovered as upbeat copper prices and other commodities futures in New York on Friday lifted materials producers. In Hong Kong, small-cap stocks such as brokerage firms advanced on hopes that more mainland Chinese will invest in Hong Kong stocks.
