Ivaylo
14 May, 2001
New York City
Strong quarterly results from the State Bank of India, prospects of political stability in Uttar Pradesh and robust world markets saw the benchmark index surge on Monday. The Sensex opened with a huge positive bias and traded firm throughout the day in a narrow range. SBI led the gainers, while Dr Reddy
Ivaylo
14 May, 2007
New York City
European markets got a boost from deal news on Monday morning, with shares in car company DaimlerChrysler and pharmaceutical Merck standing out as investors eyed some potentially transformational transactions. DaimlerChrysler advacned after the carmaker chose private-equity firm Cerberus as the finalist in the bidding for its Chrysler unit. The German DAX Xetra 30 index added 0.5%, the French CAC-40 index rose less than 0.1% and the U.K. FTSE 100 index increased 0.2%.
Ivaylo
14 May, 2007
New York City
A surge in prices of corn, soybeans and wheat stole the spotlight in commodities futures trading on Friday. Precious metals futures climbed on the NYME with help from short covering, bargain-hunting buying and the weakness of the dollar. Copper futures also advanced on bargain-hunting and on spillover support from strong gains in precious metals. Crude oil futures reached a one-week closing high, buoyed by strength in gasoline futures on refinery glitches.
123jump.com Staff
11 May, 2007
New York City
U.S. stocks rebounded with flat core producer prices and a decline in April retail sales on speculation that next move for rates will be lower. Europe advacned, led by mining and utility shares and on buyout speculation on Societe Generale. Asian stocks declined the most in more than two weeks after metals prices fell. Chicago Merc gained 7% after it raised its offer for Chicago Board of Trade. Chinese April trade surplus doubles to $17 billion.
123jump.com Staff
11 May, 2007
New York City
U.S. stocks advanced as investors interpreted a government report of milder inflation as a signal that the Federal Reserve might consider cutting interest rates later this year. American International Group first-quarter profit rose 29%. CBOT rose 3%. Alcatel-Lucent SA posted a loss.
Elena
11 May, 2007
New York City
European stock markets posted gains on Friday, boosted by deal-related gains managed to offset negative sentiment, generated by weak earnings. Societe Generale rose 4.7% on speculations that the bank is a target for eight different groups. Utility shares alsi gained. RWE rose 6% on reports that France''''s EdF plans to buy it. The German DAX 30 closed up 0.9%, the French CAC-40 added 0.6%, and the U.K.''s FTSE 100 rose 0.6%.
Elena
11 May, 2007
New York City
The U.S. market indexes rebounded on Friday on the back of upbeat key economic data. Tame core inflation and an unexpected drop in retail sales generated optimism about the outlook for interest rates. The networking sector moved notably higher, helped by 3.8% rise for Alcatel-Lucent which reported a Q1 loss but released a positive forecast about the second half of the year. Resource stocks also gained amid an increase in commodities prices.
Elena
11 May, 2007
New York City
American International Group rose 0.5% after the insurer reported 29% profit rise in Q1. The company also disclosed that it would take a pretax charge from its subprime loan exposure. Chip maker Nvidia climbed 7% after reporting better-than-expected Q1 results. Tech stocks Cisco Systems, Microsoft, Delln advanced 1% each.
Elena
11 May, 2007
New York City
Wall Street opened in the positive on Friday, boosted by upbeat news on wholesale inflation and weak retail sales. Rate-sensitive financial services stocks were among the leading gainers. Goldman Sachs Group added 1.4%, while and Merrill Lynch rose 1.7%. Significant gains were also posted by energy stocks, benefiting from rising oil futures.
Ivaylo
11 May, 2007
New York City
Asian markets closed lower across the board Friday, with Japanese markets dipping as export-oriented shares lost ground on renewed worries about the health of the U.S. economy and a weaker close on the U.S. market. Declines in Hong Kong and China were expected in view of the lightening pace of recent gains. South Korea bucked the overall downtrend and advanced.
Elena
11 May, 2007
New York City
U.S. stock market futures were pushed higher on Friday by hopes for interest rate cuts, raised by flat core producer prices and lower retail sales. The Labor Department said that higher energy prices lifted wholesale prices by 0.7% in April, but core inflation was tame again. U.S. retail sales had their worst performance in 7 months, falling a worse-than-expected 0.2% in April. Market also digested the latest assessment from ex-Fed Reserve Chairman Alan Greenspan.
Ivaylo
11 May, 2007
New York City
The FTSE rebounded from sharp early losses to trade higher on Friday afternoon.The index declined more than 1% in morning trade after a weak finish on U.S. markets overnight. A number of takeover speculation, though, and a surge in the mining sector sent shares higher by mid-day. By early afternoon, the FTSE 100 was was up 7.6 points at 6,531.7.
Ivaylo
11 May, 2007
New York City
Trading on Friday was marked by increased volatility and although the benchmark index opened lower, it soon advanced on strength in IT stocks. Bajaj Auto and Reliance Comms led the advancers today, while ACC declined the most. Bahujan Samaj Party appears to have a significant lead over the ruling Samajwadi Party in the elections in Uttar Pradesh. India''s industrial production grew 12.9% annually in March 2007 from a year earlier and wholesale inflation slowed for a second week.
Ivaylo
11 May, 2007
New York City
European markets declined on Friday led by the rate-sensitive banking sector as signals from the European Central Bank suggested that the interest rate tightening cycle was not over. The speculation about the slowing economic growth in the U.S. also hurt companies earnings as ABB and BASF paced declines by companies dependent on sales in the U.S. By mid morning, Frankfurt Xetra Dax shed 1.2%, the CAC 40 in Paris lost 1.2% and London FTSE 100 slid 0.9%.
Ivaylo
11 May, 2007
New York City
Copper futures continued their decline on Thursday on liquidation, while gold and silver plunged sharply. The metals have been correcting in recent days and that pace accelerated when the dollar slipped against the other major currencies. On the Chicago Board of Trade, corn futures finished lower and near the lows of the session, pulled down by technical weakness and long liquidation ahead of Friday''s supply and demand reports.
