Elena
09 Aug, 2007
New York City
.S. stock futures pointed steeply lower in pre-market trading Thursday, as credit market worries resurfaced after French bank BNP Paribas suspended three funds, blaming a lack of liquidity in the U.S. subprime mortgage market. S&P 500 futures lost 15.90 points at 1,488.00 and Nasdaq 100 futures fell 13 points at 1,986.25. Dow industrial futures gave up 115 points.
123jump.com Staff
09 Aug, 2007
New York City
Asian markets rebounded with a third record close in Shanghai. Hong Kong fell a fraction after scoring the largest single day gain in six years. Banks lifted the indexes in the China region. Australia gained for the record day. Jobless rate in Australia fell to 4.3%. Pakistan fell sharply on the worries that emergency rule may be imposed. Korea Bank raised the rates to 5%.
123jump.com Staff
09 Aug, 2007
New York City
Market averages in Tokyo gained for the third day in a row on better than expected earnigs and weak yen lifting export sesitive stocks. Fast Retailing surged 10% after dropping its bid for Barneys New York. Oki Elecric led the Nikkei 225 stocks with a rise of 11%. Of the 225 stocks in the index, 144 gained and 79 declined. Japan Tobacco lifted its full year earnings forecast on recent acquisition. Shanghai gained 2%, Australia added 1%, and Thailand fell 2.3%.
123jump.com Staff
08 Aug, 2007
New York City
Tech stocks surge broadened to financials and retail stocks led the averages in New York higher. The broad rally lifted 16 of the 30 Dow stocks and 270 in S&P 500 stocks. Cisco earnings and higher revenue guidance helped tech stocks at the opening. Toll Brothers revenue declined but stock rallied 4% lifting other home builders. European markets rallied on the back of New York strength. Brazil jumped 2.5%. Asian markets rebounded led by Indonesia and Singapore. Tokyo edged 0.6% higher.
Elena
08 Aug, 2007
New York City
European stock markets closed sharply higher Wednesday for a second day in a row, lifted by strong corporate results and optimism that U.S. economy will continue to grow regardless of the current credit-market worries. The Federal Reserve''s decision to keep U.S. interest rates unchanged also provided a boost to the sentiment. Across the region, France posted the biggest gain, up 2.3%, followed by the U.K. which rose 1.4%, and Germany, closing up 1.3%.
Elena
08 Aug, 2007
New York City
U.S. market averages rallied Wednesday, benefiting from solid gains in the technology sector, financial and homebuilding stocks. Investors got a relief from the Fed Reserve''s assurance that the economy will keep growing at a moderate pace, despite the current unfavorable credit environment. The Dow Jones industrial average rose more than 100 points. The Nasdaq surged 2%.
Elena
08 Aug, 2007
New York City
Wall Street advanced at opening Wednesday, boosted by an improved revenue outlook from Cisco Systems along with reassuring assessments about global economic growth amid credit markets troubles. Cisco jumped 5% on 25% earnings rise in Q2, followed by Bear Stearns upgrade to outperform from peer perform. Toll Bros said its Q3 home-building revenue fell 21% from a year earlier to $1.21 billion amid a slowing housing market and subprime worries. The stock gained 4.4%.
123jump.com Staff
08 Aug, 2007
New York City
Asian markets rebounded sharply after the Fed left key short term rates unchanged. Markets across the region rebounded on higher volume led by exporting companies, resource stocks, and banks. Macquarie Bank after falling nearly 15%, gained 4.5% on top of 6.5% rise in previous session. Cathay Pacific earnings jump on higher economic activity in the region. Indonesia and Singapore led the region with a gain of 4%. Singapore guided annual economic growth of between 7% and 8%.
Elena
08 Aug, 2007
New York City
U.S. stock futures were indicating a higher opening of Wednesday trading session, following a positive close yesterday, as the Fed Reserve decided to keep interest rates unchanged as well as its bias toward inflation. Pre-market sentiment was lifted by improved revenue guidance at technology bellwether Cisco Systems which also reported a 25% jump in quarterly profit. Bear Stearns raised its rating on the stock to outperform from peer perform. Cisco rose 6% in the pre-open.
123jump.com Staff
08 Aug, 2007
New York City
Market averages in Asia rallied and in Tokyo Nikkei 225 index jumped 0.6%. Of the 225 stocks in the index, 103 closed higher led by industrials, banks, and brokerage stocks. Shipping lines led the decliners. Alpine Electronics soared 13% after revising first half earnings. softbank first quarter income soared to 25.1 billion yen from 1.42 billion yen on one time gains. Monthly revenue per subscriber dropped to 5,000 yen from 5,210 yen.
Elena
08 Aug, 2007
New York City
The steep profit decline was attributed to higher merger expenses, a lower contribution from operations, WiMAX-related costs and increased net interest expenses. However, excluding discontinued operations, merger and severance costs the communications company posted earnings of 25 cents a share, compared with 32 cents last year.
123jump.com Staff
07 Aug, 2007
New York City
Market averages in New York closed higher as expectations of rates cut were dashed in the afternoon trading. The Fed left the rates unchaged to 5.25% and said that inflation remains its key focus. The productivity in the second quarter rose at 1.8%, lower than estimated. The rates were revised lower dating back last three years. Cisco reported earnings of 31 cents compared to 25 cents a year ago on 18% rise in revenue.
Elena
07 Aug, 2007
New York City
European stock markets gained ground on Tuesday, boosted by strength in the financial sector, as well as gains in the shares of airlines Air France-KLM and easyJet. Investors expected signals from the Federal Reserve that credit market losses are slowing U.S. economic growth and as a result borrowing costs will fall. Regional indexes climbed, led by the U.K. with an advance of 1.9%, France rising 1.6% and Germany, up 0.9%.
Elena
07 Aug, 2007
New York City
U.S. market averages continued to trade lower, reflecting reports of increased Q2 labor costs and lower-than-forecast productivity, as well as cautiousness ahead of the Fed Reserve''s interest-rate decision. Shares of major U.S. banks and brokerage firms traded mixed. Insurer Assurant advanced 3.5% after Merrill Lynch upgraded its stock to buy. At the same time, Luminent Mortgage Capital plunged 80% after it was cut to sell from neutral by UBS.
123jump.com Staff
07 Aug, 2007
New York City
Sensex in Mumbai trading closed higher by a fraction. Weakness in Asian markets have battered the indexes in the region with New York continuing to inflict volatility to global markets. Emerging marekts are beginning to recover and trade on local economic and earnings news. Fall in oil lifted goverment controlled refineries. Cement stocks increased on shortages in key markets. Banks recovered from earlier losses in the week. Real estate stocks rebounded.
