123jump.com Staff
14 Aug, 2007
New York City
Asian markets traded lower on the worries that U.S. mortgage problem may last longer then first anticipated. The central banks in Japan and Australia drained liquidity from the markets as interest rates fell below target rate levels. Shanghai led the region with a gain of 1.5% and Indonesia with a loss of 1.94%. Thailand supreme Court issued arrest warrant for former Prime Minister Thaskin and his wife. Shipping and trading companies stocks in Tokyo rallied.
Elena
14 Aug, 2007
New York City
Wall Street opened slightly higher Tuesday. Shortly afterwards, market averages turned mixed, reflecting a drop in the trade deficit and benign wholesale-level inflation along with weak results from two leading retail companies. Dow component Wal-Mart fell 4.7% after it cut its full-year earnings outlook, saying underlying performance in Q2 was disappointing. Dome Depot dropped 1.5% after it posted a 15% profit decline and forecast housing market would continue to slow down.
Elena
14 Aug, 2007
New York City
U.S. stock futures predicted a flat market opening after economic data showed an unexpected decline in the trade gap and a larger-than-expected increase in producer prices in July. The Commerce Department said that the U.S. trade deficit narrowed by 1.7% in June to $58.1 billion. Higher energy prices lifted wholesale prices 0.6% to come in above estimates of 0.3%. Core producer price index increased 0.1%, in line with expectations.
Elena
14 Aug, 2007
New York City
The world
123jump.com Staff
13 Aug, 2007
New York City
Market averages opened higher but steadily declined in the afternoon trading and close lower. Home builders, mortgage lenders, and energy companies led the decline. Blackstone reported its first profit as a public company. The European Central Bank carried out largest liquidity operation of $65 billion, for the third day in a row. UK led the region with a gain of 3%. Asian markets rebounded on weak volume. Copper traded higher in Asia. Australia revised higher its inflation forecast.
123jump.com Staff
13 Aug, 2007
New York City
FTSE 100 surged 3% with a strenght in the regional trading. The European Central Bank added liquidity for the third day. After three days of adding $200 billion liquidity to the market averages in the region. Of the 102 stocks, 93 stocks increased in the FTSE 100 Index. Financials, banks, and insurance companies led the rise. Mining stocks jumped on gaining copper price. The pound fell a fraction.
Elena
13 Aug, 2007
New York City
European stock markets rebounded to close steeply higher Monday, boosted by solid gains in the shares of mining and financial stocks after recent declines. Markets also benefited from a positive comment from Morgan Stanley and easing subprime concerns, as central banks injected additional cash flows into the financial institutions. ECB added 47.5 billion euros to provide liquidity for the banking system. The U.K. surged 3%, followed by France which advanced 2.2% and Germany, rising 1.8%.
123jump.com Staff
13 Aug, 2007
New York City
Sensex in India trading closed above 15,000 led by a rise in consumer and defensive stocks and lower trading volume. Select banks, cement and IT stocks closed higher. Recently listed Everonn Systems surged 14%. Hindustan Uniliver jumped 4% and other consumer stocks including ITC, Bata, Godrej closed higher. IT stocks fell on firm rupees. Bharti and Reliance Communication jumped after the government said that 6.5% of rural population have cell phone service, three years ahead of its target.
Elena
13 Aug, 2007
New York City
U.S. market averages rebounded Monday after the Fed Reserve and other central banks injected more cash into global financial systems, easing concerns about credit tightness. The Federal Reserve added only $2 billion in liquidity into the market, far below the $52 billion requested by banks. Goldman Sachs Group added 1% after it said it invested additional $3 billion in its troubled Equity Opportunities hedge fund.
Elena
13 Aug, 2007
New York City
Blackstone Group advanced 5.5% on a stronger-than-expected Q2 profit. Blackstone Group said Q2 net income tripled to $774.4 million from $224.1 million. In its first quarterly report as a public company, Blackstone posted revenue of $975.3 billion, below analyst estimates of $1.06 billion. The company''s IPO in June raised about $4 billion, but the stock fell short of expectations.
123jump.com Staff
13 Aug, 2007
New York City
Asian markets closed higher led by record close in Shanghai and a rebound in Korea and Australia. Other markets edged higher a fraction. In volatile trading markets rebounded on light volume. Australia raised its forecast for inflation to 2.5% by the end of the year and 3% in 2008. China inflation jumped on sharp increase in food prices. Pakistan continued to decline on political worries.
Elena
13 Aug, 2007
New York City
Wall Street opened Monday session in the positive after the Fed said that it would add liquidity, following a move by the Bank of Japan to inject $5 billion into the markets and an addition by the ECB of $65.3 billion. Goldman Sachs posted steep losses at its Global Equity Opportunities fund but said the firm made a $3 billion investment in it. Commerce Department''s report showing a 0.3% increase in July retail sales also generated positive sentiment.
123jump.com Staff
13 Aug, 2001
New York City
Sennsex rebounded after declining in the last two days of the week. The central bank added liquidity of $5 billion in the financial syste to keep the interest rate below the target rate of 0.5%. Japan second quarter economic growth rate was reported at 0.5% and current account surplus i June was recorded at 1.2 trillion yen. Falling wages kept the consumer spending weak. of the 225 stocks in the Nikkei index 111 increased and 110 fell.
Elena
13 Aug, 2007
New York City
U.S. stock futures pointed to recovery Monday, following a week of steep declines amid worries about the impact of subprime-mortgage defaults over the economic growth. However, overseas central banking injections helped relieve tensions. Banks are expected to release updates on the hits they have taken from the subprime crisis. Citigroup reportedly lost more than $700 million in credit business in recent weeks.
Elena
13 Aug, 2007
New York City
Akzo Nobel, Dutch chemicals group, announced on Monday an agreement to acquire U.K. rival Imperial Chemical Industries in a cash deal worth 8 billion pounds ($16.2 billion), or 670 pence a share. The transaction represents a 22% premium on the share price before the U.K. group announced it had received an approach in June. Akzo''s previous offers of 7.2 billion pounds and then 7.8 billion pounds had been rejected by ICI.
