Ivaylo
02 Apr, 2007
New York City
European markets advanced on Monday as merger-related gains countered losses for heavily-weighted financial stocks and telecoms. Stocks advanced, rebounding from the decline last week, after Telecom Italia SpA received offers and DaimlerChrysler AG weighed bids for its U.S. unit. By mid morning, Frankfurt Xetra Dax was 0.2% higher, the CAC 40 in Paris added 0.1% and London FTSE 100 gained 0.3%.
123jump.com Staff
30 Mar, 2007
New York City
World markets registered healthy gains in the first forty five days of the quarter and then encountered significant headwinds. Most country indexes lost all the gains of the quarter during the last thirty days. Commodities and mining driven countries dominated world markets. Shanghai led the world markets with nearly 43% plus gains followed by Chile, Mexico, Australia and Singapore. Sweden and Norway led European bourses. Venezuela and India ranked at the bottom with losses.
123jump.com Staff
30 Mar, 2007
New York City
U.S. stocks fell dragging the Dow Jones Industrial Average to its first quarterly loss since June 2005, on concern new duties on Chinese imports may provoke a trade war. Commerce Department said February personal income and consumption increased at a seasonally adjusted rate of 0.6%compared to January. Take-Two shares declined 3%. PMC-Sierra rose 13% after the company said it would cut 175 jobs. Vodafone Group declined 4%.
123jump.com Staff
30 Mar, 2007
New York City
Market averages turned negative after trading higher in the morning. Stocks fell as the Commerce Department said it was slapping duties on imports of coated paper from China, raising concerns that Beijing may retaliate and the dispute could hurt U.S. exporters. Of the large cap stocks, Boeing lost 0.9%. International Paper gained 1.4% and Bowater added 1.8%, while Smurfit-Stone rose 0.7%. European markers delivered worst performance in first quarter in four years.
123jump.com Staff
30 Mar, 2007
New York City
European markets opened higher but only eight of the eighteen markets closed higher. Germany and Spain led the gainers in the region. Merger related news also dominated trading but Iraq and Iran related worries led to a caution. Alliance Boots received a revised offer and Iberian airline received an offer from TPG at 3.6 euros. Citigroup expressed a desire to purchase a bank in Germany and vodafone dropped 4.5% on margin pressures. European markets gained little at the end of the first quarter.
123jump.com Staff
30 Mar, 2007
New York City
Market averages closed lower after three hours of trading in New York. Much awaited report on corn planting revealted larger than expected rise in corn planting this season depressing corn and soybean prices. The government expects record corn planting since 1944 driven by etahnol based demand. Construction spending rose 0.3% in February driven government projects. Global Payment fell 11% on lowered earnings. European markets closed mixed with a negative bias but Asian mrkets closed higher.
123jump.com Staff
30 Mar, 2007
New York City
Ethanol demand is driving farmers to corn in record numbers across the country. According to the government report farmers are likely to increase by 15% corn planting acres, largest since 1944. Soybean production will suffer and is likely to put more pressure on food prices in the coming months. Corn prices fell 5% and soybean dropped 2% on the release of the report.
123jump.com Staff
30 Mar, 2001
New York City
In the morning trading market averages climbed higher led by oil and financial stocks. Commerce Department reported that personal income and spending in February rose 0.6%, higher than estimated by most economists. Oil climbed above $66 per barrel on continued tensions in the Middle East. NYMEX climbed at the opening on broker recommendation.
123jump.com Staff
30 Mar, 2007
New York City
February report on personal spending and income suggested that consumer alive and ready to spend. Personal spending and income rose at 0.6% and after adjusting for inflation gained 0.2% only. Inflation took a big bite out of the consumer purchasing power.
Ivaylo
30 Mar, 2007
New York City
The FTSE 100 gave up gains by the end of morning trade on Friday, pulled lower by weakness in Vodafone and life fund manager Resolution and on worries over mounting tensions between Britain and Iran. M&A activity managed to stem even steeper losses. Home improvements retailer Kingfisher led the market gainers. The FTSE extended its early losses to move 26.4 points, or 0.4% to 6,298.1
Ivaylo
30 Mar, 2007
New York City
Asian markets ended mostly higher Friday with Japan Nikkei leading the advance on an upbeat note on inflation data, while Hong Kong declined as investors await fresh earnings news. The Australian market surged to its highest level in four weeks on end-of-quarter buying together with bullish offshore leads, bid speculation on media stocks and a takeover bid for Alinta.
Ivaylo
30 Mar, 2007
New York City
The Sensex opened with a positive bias Friday, but trading was subdued in the morning session. The benchmark index surged in the latter part of trade as the crucial weekly inflation data turned out better than expected. Building up positions ahead of the fourth-quarter earnings results also aided the rally. NTPC and Dr Reddy
Ivaylo
30 Mar, 2007
New York City
European markets declined on Friday, as banks and telecom stocks weighed on sentiment, while concerns over escalating tensions between Britain and Iran raised oil prices. The banking sector was mainly down as investors took profits after recent gains. Financials in Germany were higher, though, on bid speculation. By mid morning, Frankfurt Xetra Dax was fractionally lower, the CAC 40 in Paris fell 0.2% and London FTSE 100 shed 0.3%.
Ivaylo
30 Mar, 2007
New York City
Gold and silver futures closed lower Thursday, undermined by long liquidation by funds as the end of the quarter approaches. Higher crude oil prices helped the metals to bounce from their late-morning lows. While precious metals declined, a combination of technical strength, favorable U.S. economic data and stronger crude oil futures helped copper post a gain. Copper closed above its 200-day moving average.
123jump.com Staff
29 Mar, 2007
New York City
On the revised estimate of GDP, market rallied in New York at the opening and boosted averages in Europe. Commerce Department said fourth-quarter gross domestic product rose at a 2.5% annual rate, revised up from an estimate made a month ago of 2.2%. U.S. Steel has agreed to acquire Lone Star Technologies offering 39% premium and U.S. Steel climbed 3%. Tech stocks failed to participate in the rally. Cisco Systems declined 1.8% and Qualcomm was down 1.3%. Dell discovers accounting errors.
