Ivaylo
10 Apr, 2007
New York City
Asian markets closed mixed with profit-taking hurting Japanese benchmark index, while Hong Kong ended higher as investors returned from a long holiday. In Japan, carmakers ended lower, while in HK, the large-caps HSBC Holdings and Sinopec led the market higher. In China, the market hit a record high close for a seventh straight session, while profit-taking in shipbuilders put an end to the advance of the stock market in South Korea.
Elena
10 Apr, 2007
New York City
The brokerage also raised the stock''s 12-month price target to $22 from $20 due to a much strengthened product set across database, applications, middleware. Advanced Micro Devices was upgraded to buy from neutral at UBS, citing a belief that the chipmaker is poised for a rebound in the second half of 2007, as AMD improves its mix and launches Barcelona for servers.
Ivaylo
10 Apr, 2007
New York City
The benchmark index opened with a positive bias but soon plunged into negative territory on selling pressure. Fresh buying interest in HDFC and capital goods sector helped the Sensex recoup earlier losses. Trade was highly volatile but the market-breadth remained positive. HDFC led the gainers, while Satyam led the decliners. Arcelor Mittal has reportedly made an offer for the stake of Mitsui Corp in Sesa Goa.
Ivaylo
10 Apr, 2007
New York City
European markets were higher on Tuesday, as merger activity and weaker oil prices pulled the markets out of their post-Easter subdued state. Deal news helped lift the shares of DaimlerChrylser and Puma while oil companies weighed on the wider market. By mid morning, Frankfurt Xetra Dax added 0.5%. In Paris, the CAC 40 was 0.1% higher and London FTSE 100 was 0.2% higher.
Ivaylo
10 Apr, 2007
New York City
Gold futures declined on profit-taking Monday, weighed down by a late-day slide in crude oil prices, as well as the strength of the dollar, as trading resumed after a three-day holiday weekend. Silver, though, advanced helped by a sharp rise in copper prices. Gold was slightly higher for much of the day, which was linked to light speculative buying in thin conditions. Gold then faltered during the last two hours of the session.
123jump.com Staff
09 Apr, 2007
New York City
U.S. stocks advanced on speculation that private equity buyout will continue to drive stocks higher. The Labor Department said 180,000 new jobs were created in March and the jobless rate fell to 4.4%. Railroad stocks rose on Berkshire stake news. Burlington Northern rose 7%, Union Pacific added 4.9%, Norfolk Southern gained 4%, and CSX moved 2% higher. Vonage Holdings declined 9.5%. American Home Mortgage Investment plunged 16%, while AMD rose 4.5%. Oil and gold fell.
123jump.com Staff
09 Apr, 2007
New York City
U.S. stocks were mixed as uneasiness about interest rates and first-quarter earnings curbed the market optimism about robust job growth and continued takeover activity. The Labor Department report showed non-farm payrolls rose by 180,000 in March, above forecasts of 135,000. The unemployment rate fell to 4.4%. Accredit Home Lenders Holding Co. fell 4.4%. H&E Equipment rose on upgrade, Mirant advanaced on possible company sale and NetLogic gained on revised revenue outlook.
Elena
09 Apr, 2007
New York City
U.S. stocks traded mixed on Monday morning, reflecting cautiousness ahead of Q1 earnings season and modest support provided by deal news and a delayed reaction to Friday''s robust jobs report. Tech stocks traded mixed. Advanced Micro Devices rose 4% although it lowered its Q1 revenue forecast. Semiconductor equipment makers Applied Materials and KLA Tencor Corp. declined 0.2% and 1.3%, respectively.
Elena
09 Apr, 2007
New York City
U.S. stock markets saw a positive start of Monday trading session, lifted by deal news, as well as easing economic growth concerns on the back of robust jobs report. Dow Chemical was sent 6.6% higher by a report, saying that the company is the target of $50 billion leveraged buyout. In other deal news, Dow component Citigroup lost 0.1% after it agreed to buy Taiwan''s Bank of Overseas Chinese for about $426 million in cash.
Elena
09 Apr, 2007
New York City
Wall Street looked poised for higher reopening after the three-day Easter holiday. U.S. stock futures rallied, boosted by stronger-than-expected jobs data in March and a report that Dow Chemical Co. is the target of a $50 billion buyout offer. The Labor Department said Friday that nonfarm payrolls expanded by 180,000 in March, while the unemployment rate slipped to 4.4% from 4.5% in February. In corporate news, Citigroup said it was buying Taiwan''s Bank of Overseas Chinese for $426 million.
Elena
09 Apr, 2007
New York City
U.S. stock markets failed to sustain the initial strength and turned to lackluster trading. Despite the pullback by the major averages, the transportation sector moved notably higher, led by Burlington Northern. The railroad company jumped 7.1% on the heels of news that Warren Buffett''s Berkshire Hathaway became the biggest shareholder, as he bought a 10.9% stake in the railroad company.
Ivaylo
09 Apr, 2007
New York City
The benchmark index opened with a positive bias mirroring the robust global markets. Sentiment was also boosted by renewed interest at higher levels as well as by short covering ahead of the earnings season. Steel, IT, cement, banking, telecom and auto stocks ended higher Tata Steel and ITC led the advancers, while Bajaj Auto was the only declining large-cap stock. Prime Minister said on Monday that projects such as the gas cracker will bring development opportunities for the state.
Elena
09 Apr, 2007
New York City
A consortium of Middle Eastern investors and American buyout companies is reportedly preparing a bid offer valued at $50 billion. Half of the capital is being provided by investors from Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. A number of U.S. buyout firms including Kohlberg Kravis Roberts are responsible for contributing the rest of the financial resources.
Ivaylo
09 Apr, 2007
New York City
Asian markets closed higher Monday as Japanese export-oriented stocks got a lift from U.S. economic data and the increase of dollar against the yen. South Korea advanced to another record high, finishing above 1500 for the first time as construction stocks gained. Markets in Hong Kong, Australia, New Zealand and the Philippines were closed Monday for holidays.
Ivaylo
06 Apr, 2007
New York City
Japanese stocks declined slightly on Friday, as real estate and auto shares fell in subdued trading. Markets in China and South Korea advanced, while markets in Hong Kong, Taiwan, Singapore and Australia were closed for a holiday. South Korean stocks finished flat, with significant advances in shipbuilders and Korean Air countered by losses in large-cap technology and financial stocks.
