Ivaylo
28 Mar, 2007
New York City
Copper futures lost some steam and declined Tuesday as investors took profits following a recent run-up in prices. Most precious metals also lost ground ahead of a Congressional appearance Wednesday by Federal Reserve Chairman Ben Bernanke. In energy trading on the Nymex, crude oil futures pared early losses and ended in positive territory Tuesday.
Ivaylo
28 Mar, 2007
New York City
Tensions between Iran and the west boosted commodities, fueling oil stocks rise in London. The strength in the oil sector lifted the FTSE but the benchmark index struggled to gain positive momentum by the end of morning trade, as a number of stocks were moving ex-dividend and sentiment was jittery about the escalating crisis with Iran. The FTSE 100 gained 2.1 points to 6.294.8
123jump.com Staff
28 Mar, 2007
New York City
Market averages are expected to open lower this morning in New York trading. February durable gooods orders rose 2.5%, after falling 9.3% in January. Traders were expecting a larger rebound. Oil in London traded as high as $68 per barrel on rumors that Iran had fired a missile at a U.S. military ship. Oil backed-off but is still up $1.10. In pre-market trading Bezaer Homes fell. Accenture rose on second quarter earnings of 47 cents per share.
123jump.com Staff
27 Mar, 2007
New York City
New York opened lower and traded down. Drop in March consumer confidence and weak reading on housing index dragged popular averages lower. Lennar reported 73% drop in earnings but GameStop earnings rose 60%. Oil rose 2 cents and gold declined $1.40. Chicos rose for the thrd day in a row and Urban Outfitter gained on better than expected forecast. Germany led European markets.
123jump.com Staff
27 Mar, 2007
New York City
Market averages traded near the lowest level in the last hour of trading. Weak consumer confidence and a decline in housing index dragged broader averages lower. Housing stocks corrected on lower than expected earnings at Lennar. GameStop reported earnings of 81 cents up from 55 cnets a year ago. Aruba Networks launched its IPO at $11 per share.
123jump.com Staff
27 Mar, 2007
New York City
Market averages in Europe in the morning trading but closed mixed at close. German stocks led the rise across the region. DaimlerChrylser and Porsche rose. Adidas rose on takeover rumors. Euronext closed 2.7% higher as 91% of shareholders approved merger with the NYSE Group. Spain and Belgium rose but Switzeland and Norway.
123jump.com Staff
27 Mar, 2007
New York City
Market averages in NY trading at mid-day trading fell on the worries related to slowdown in economic growth and housing sector profits. The consumer confidence index fell in March as well. Stocks in housing sector came under renewed pressures on lower than expected profit from Lennar. The company reported 73% fall in profit on revenue decline of 14%.
Ivaylo
27 Mar, 2007
New York City
London has retreated after a bright start, with talk of a bid for retailer Next and the miners rising again just managing to keep the index above water. The Next gossip suggests a bid worth
Ivaylo
27 Mar, 2007
New York City
Export-related shares weighed on Asian stock markets sending them lower Tuesday, after after weak U.S. new-home sales raised concerns that economic growth could be slowing in the region most important export market. Tokyo issues were also pressured in the first day in which many shares traded without year-end dividend entitlements. The Hang Seng benchmark index in HK also ended lower. Only a few markets in the region gained, including South Korea and China and Singapore.
Ivaylo
27 Mar, 2007
New York City
European bourses were driven higher by the auto sector on Tuesday as German carmaker Porsche increased its stake in domestic rival Volkswagen, while rising speculation over a sale of Chrysler boosted its German parent. By mid morning, Frankfurt Xetra Dax added 0.8%, the CAC 40 in Paris gained 0.6% and London FTSE 100 climbed 0.6%.
Ivaylo
27 Mar, 2007
New York City
Copper futures hit their highest level of the year on Monday, boosted by high demand from China and short-covering. The May contract fetched a higher price than July, a condition generally seen as a sign of tight supplies. Gold and silver also advanced. In Nymex energy trading, crude oil futures climbed to a three-month high. Arabica coffee futures reached three-week highs, while futures on raw sugar declined.
123jump.com Staff
26 Mar, 2007
New York City
Stocks recovered from early decline in NY trading on weak home-sales data and rising oil prices. Crude-oil futures closed up 63 cents. The medical and biotechnology sectors saw volatile trading on long-awaited coronary stent industry report. Boston Scientific declined 7.4%. CV Therapeutics tumbled 21%. Agere Systems fell 2.9% and LSI fell 2.3%. Citigroup declined on lay-off news. European and Latin markets closed lower.
123jump.com Staff
26 Mar, 2007
New York City
Stocks fell after a surprise drop in new home sales for February triggered further concern that economic growth is slowing more than expected. The rise in oil prices diminished hopes that the Federal Reserve would cut interest rates soon. KB Home shares dropped 2.3%, Toll Brothers dropped 2.1%.
Elena
26 Mar, 2007
New York City
European stocks finished lower on Monday, weighed down by unexpected drop in U.S. new-home sales, which added to recent economic growth concerns. Weakness in the automotive sector also generated negative mood, as Porsche made a below-market value move on Volkswagen. Volkswagen fell 3.2% after luxury-car maker Porsche raised its stake to more than 30%. The German DAX 30 dropped 1%, the French CAC-40 slipped 1%, and the U.K.''s FTSE 100 lost 0.8%.
Elena
26 Mar, 2007
New York City
U.S. stocks tumbled, following the release of much weaker-than-anticipated housing data. Sales of new homes in February fell 3.9%, the lowest level seen in nearly seven years, and triggered further concern that economic growth is slowing more than expected. The Dow Jones industrials showed losses of more than 100 points. The blue-chip average was led down by cyclical shares such as Alcoa, losing 1.3%, Boeing Co., lower by 1%, General Motors, down 0.8% and others.
