123jump.com Staff
28 May, 2008
New York City
European stocks closed higher despite weak consumer sentiment in France and a rise in inflation in Germany. Consumer sentiment in France was recorded at a two-decade low as rising fuel prices eat in the disposable income. Rising fuel prices is expected to lift inflation in May in Germany. SAP led the gainers in the DAX 30 stocks and Deutsche Post led the decliners in the index. In Cac-40 index CAP Gemini led the gainers and BNP Paribas led the decliners in the index.
123jump.com Staff
28 May, 2008
New York City
In Shanghai trading CSI 300 Index rose 2.80% or 100.03 at 3, 676.23. Daily turnover on main-board was HK$60.21 billion compared with HK$54.49 billion yesterday. Wing Lung Bank lost 3.5% to HK$144.40, the most in two months. The former vice chairman of the Standing Committee of the National Peoples Congress Cheng Siwei said at a three-day forum on economic globalization in Shanghai today that China economy can maintain a steady growth above 8% for a relatively long period.
123jump.com Staff
28 May, 2008
New York City
U.S. stocks struggled in the first hour of trading. Crude oil, natural gas and precious metals fell. Crude oil dipped below $128 a barrel and natural gas declined to $11.75 a thermal unit. Gold traded lower, near $902 an ounce. Transportation stocks rallied as oil continued to slide. Durable goods orders declined from March and from a year ago but rose excluding transportation orders.
123jump.com Staff
28 May, 2008
New York City
The Nikkei 225 Stock Average lost 1.3% to close at 13,709.44 in Tokyo. The broader Topix index declined 1.4% to 1,348.69. Trading companies accounted for large decline in Topix index. The Topix Mining Index saw the steepest decline among industry groups on the index. Aeon Mall Co. climbed 6.2% to 3,450 yen. NEC Electronics added 3% to 2,370 yen, after announcing plans to spend 10 billion yen to double its production capacity for 300-millimeter wafers.
123jump.com Staff
27 May, 2008
New York City
The Nasdaq gained, bolstered by stronger tech stocks such as Google and Apple. U.S. light crude oil for July delivery declined to $129 a barrel. GM lost ground and slashed its 12-month price target due to the weaker sales and higher commodity prices. Ford Motor also had its earnings expectations cut. April new home sales rose 3.3% from a revised reading a month ago. The home price index plunged a record 14.1% in the first quarter. Consumer confidence fell to a 16-year low.
123jump.com Staff
27 May, 2008
New York City
U.K. loans for house purchase fell 39.4% in April. Stocks on England fell on fears of a tightening market as U.K. loans for house purchases tumbled by 39.4% in April. However, news that InBev NV is mulling a merger with SABMiller helped par losses. In London trading FTSE 100 fell 0.47% or 28.8 to 6,058.50.
123jump.com Staff
27 May, 2008
New York City
Vodafone, reported annual profit that topped analysts'' expectations and added that European Union plans to slash call charges will negatively impact the group
123jump.com Staff
27 May, 2008
New York City
On Wednesday morning petroleum Minister Murli Deora will meet Finance Minister Chidambaram to seek duty cut to bail out state-run oil firms that are reeling under a financial burden in the wake of surging global crude. The IMF said India''s weekly inflation might be running at annualised rate of 3.4%, within the central bank''s comfort zone and below the official year-on-year rate near 8%. At close of Tuesday''s trade, the 30-share BSE Sensex fell 0.5% or 72.91 at 16,275.59.
123jump.com Staff
27 May, 2008
New York City
According to the S&P''s/Case Shiller index Prices of US single-family homes plunged 14.1% in the first quarter, accelerating five times from the last housing recession. Bank of America sees a second-quarter loss for Lehman Brothers and slashed its earnings forecast for Morgan Stanley and Goldman Sachs. Vodafone posted a profit of 6.76 billion pounds as revenue jumped 14% to 35.48 billion pounds. Vodafone
123jump.com Staff
27 May, 2008
New York City
In Hong Kong trading the Hang Seng index rose 0.64% or 154.73 at 24,282.04, and the China Enterprises Index of Hong Kong-listed mainland companies, or H shares, increased 0.82% or 108.80 to 13,330.08. In Shanghai trading CSI 300 Index rose 0.48% or 16.98 at 3,576.20. Daily turnover on main-board was HK$54.49 billion compared with HK$76.7 billion yesterday.
123jump.com Staff
27 May, 2008
New York City
In Tokyo trading Nikkei 225 rose 1.48% or 203.12 to 13,893.31, and the broader Topix Index gained 1.8% or 24.07 to 1,368.25. Of the Nikkei 225 stocks 181 gained, 37 declined, and 7 were unchanged. Mitsubishi Paper Co. led advancers in the index shares with a rise of 9.05% on news strong demand for paper products is prompting major Japanese papermakers to bolster their wood chip procurement capabilities.
123jump.com Staff
26 May, 2008
New York City
Asian key indices fell, as investors feared elevated inflation numbers and the US economic recession possibility to seriously dent consumer demand in the region''s biggest export market. Indian government is considering decontrolling petrol prices, a move that may see rates increased by 16-17 rupees a litre, but diesel will continue to be sold at a subsidized price.
123jump.com Staff
26 May, 2008
New York City
Hong Kong shares finished the morning trading session lower, dragged down by the index heavyweight China Mobile. Investors were reluctant to buy as they were worried that increasing fuel costs could accelerate inflation, slow economic expansion and cut profit growth. The Hang Seng index lost 424.32 points or 1.7% to end the session at 24,289.75. China''s largest offshore oil producer CNOOC lost 2.6% to HK$14.38. Air China, the nation''s largest international carrier, slid 1% to HK$5.36.
123jump.com Staff
26 May, 2008
New York City
The RBA is expected to raise its benchmark interest rate by almost a quarter-percentage point in the next 12 months, according to a Credit Suisse Group index. ASX 200 index fell 1.1% or 61 to close at 5,707.00. The Preliminary market turnover was 1.67 billion, worth $5.07 billion, with 503 stocks up, 752 stocks down and 317 unchanged. Australian government bonds rose. The yield on the 10-year note fell 7 basis points to 6.44%, according to Bloomberg data.
123jump.com Staff
26 May, 2008
New York City
The ongoing concern over inflation persisted in Japan as oil prices remained high. The Nikkei 225 index dropped 322.01 points, or 2.3% to 13,690.19. Crude oil futures increased to a record above $135 a barrel last week and were trading above US$133 a barrel in Asian electronic trading late Monday. Sony Corp. declined 2.6% while electronics maker Kyocera Corp. slid 2.1%. The dollar was trading at 103.31 yen Monday afternoon. Major exporters lost ground with Canon down by 3.3%, to 5,260 yen.
