Ivaylo
05 Feb, 2007
New York City
The market sentiment in Japan was darkened as the Nissan Motor released disapponting results, pulling the whole sector down. Shares in South Korea inched higher, although Hyundai Motor took its cue from the Japanese auto market and declined. HK ended lower as investors resorted to profit-taking in large-cap stock like China Mobile and HSBC. Other markets arounf the region also fell like Australia and China.
Ivaylo
05 Feb, 2001
New York City
Advances in upbeat oil and property sectors on Monday as well as in some airlines could not offset losses in banking stocks. Credit Suisse led the decliners in the financial sector on a down grade form ING, while Faurecia SA dragged the auto stocks lower on poor performance. Oil stocks in Total and BP rose on higher price of oil, while Ryanair gained on strong Q3 results. FTSE 100 in London was marginally 0.1% higher, Frankfurt Xetra Dax dipped 0.2% and the CAC 40 in Paris was flat.
Ivaylo
05 Feb, 2007
New York City
The decline in copper last week may be due to profit-taking, after the market showed strong support at $2.47, but dipping below that level forced many traders to withdraw from the metal. The drop sent gold and silver lower, as well as platinum and palladium. Energy stocks advanced with only natural gas bucking the trend. Arabica coffee futures advanced, while raw sugar finished lower.
123jump.com Staff
02 Feb, 2007
New York City
Broader averages closed mixed as employers added fewer jobs and wage increases slowed, reinforcing the Federal Reserve stance that the economy is expanding without fueling inflation. Asian markets closed higher helped by better outlook for American economic growth and lower inflation. European markets ended higher after a rally in retail stocks managed to offset sharp declines from auto and telecom equipment makers.
123jump.com Staff
02 Feb, 2007
New York City
In the later afternoon trading market averages are mixed. Jobless report indicated that unemployment rose to four month high. December factory orders rose 2.4%, largest gain in nine months. Chevron fourth quarter profit dropped 9% and revenue declined 11%. Union strikes at Harley Davidson''s largest manufacturing plant.
Elena
02 Feb, 2007
New York City
European stocks ended Friday session on a positive note after a rally in the retail managed to offset sharp declines from some car and telecom equipment makers. J Sainsbury shares climbed 14% on a possible takeover bid of about $18 billion. Of other supermarket groups, Carrefour rose 3.5%, Casino rose 1.7%, and William Morrison climbed 5.9%. The U.K. FTSE 100 index closed 0.5% higher The German DAX 30 rose 0.5% and the French CAC-40 advanced 0.3%.
Elena
02 Feb, 2007
New York City
U.S. stocks continued to trade in a mixed fashion. Intuitive Surgical surged 16% after reporting profit decline that came in above analyst estimates. Gannett rose 2.2% on Q4 earnings increase of 3% to $1.51 per share from $1.44 last year, beating estimates. Homebuilder Brookfield Homes fell 10% adfter it reported net income drop of $2.19 per share from $4.36 per share a year ago on 40 % revenue decrease. Chevron lost 1.2% on 9% profit drop.
Elena
02 Feb, 2007
New York City
U.S. stock markets opened mixed on Friday. Weaker-than-expected January employment report eased inflation concerns, but dragged economically-sensitive stocks on the Dow. Shares in aluminum producer Alcoa slipped 2.2%. General Motors also weighed, falling 2.2% due to a big drop in January sales. In addition, Amazon shares dropped 3.8% on concerns about its margins.
Ivaylo
02 Feb, 2001
New York City
The UK benchmark index was higher on Friday on news of bid interest in J Sainsbury. Two American and a British company said they assessed a potential offer but were still at the preliminary stages. Other retailers surged on the news. Housebuilders also traded higher, together with Imperial Tobacco and British Airways. Royal Dutch Shell retreated after Goldman Sachs downgraded the stock. The FTSE 100 gained 42.4 points, 0.7%, to 6,324.6 in mid-day session.
Elena
02 Feb, 2007
New York City
U.S. stock futures moved higher after a solid payrolls report indicated strength in the economy. The Labor Department reported that U.S. nonfarm payrolls increased by 111,000 in January, while the unemployment rate climbed to a four-month high of 4.6%. The new jobs added last month fell short of analyst expectations for a gain of 150,000. The report suggested that the jobs market started at a slower pace in 2007 and still remains in good shape.
Elena
02 Feb, 2007
New York City
The company posted net income of 23 cents per share, down from 47 cents per share a year ago, due to $91 million in income tax expenses in the quarter. However, results exceeded the average analyst estimates for earnings of $90.4 million, or 21 cents per share, on $3.77 billion in sales. The stock traded diown 2.6% in pre-open.
Ivaylo
02 Feb, 2001
New York City
Buying in large-caps in IT, pharma and capital goods sector drove the rally on Friday. Many stocks finished at all-time highs on strong results. The market-breadth was strong as small-cap and mid-cap shares also participated in the rally. Reliance Communications, L&T and HDFC were the other prominent advancers. NTPC led the decliners, together with stocks that rallied in recent session like SBI and Hero Honda. Reliance Industries also fell. Inflation rose for the week, ending January 20.
Ivaylo
02 Feb, 2007
New York City
Asia finished higher on Friday supported by better outlook for American economic growth and lower inflation which boosted the export-oriented Japanese stocks. Strong results from Lenovo group powered performance of stocks in Hong Kong, while Chinese stocks plunged again on worries of excessive valuations and market liquidity. Australia closed at record levels and Singapore and Taiwan also gained. South Korean also finished recording their best results in seven months.
Ivaylo
02 Feb, 2007
New York City
European stocks were higher on Friday on retailers which advanced on merger activities in the sector. Utilities were boosted by German company Eon. The gains were limited, though, after Ericsson posted disapponting results. Trading was cautious as the market awaited US employment data later in the session. By mid morning, the FTSE 100 in London gained 0.4%, Frankfurt Xetra Dax added 0.2%, and the CAC 40 in Paris gained 0.3%.
Ivaylo
02 Feb, 2007
New York City
Gold futures ended on Thursday at their highest level since August, extending their gains to three sessions supported by the recent strength in oil prices and a slight decline in the value of the dollar which helped lift prices past $660 an ounce during the session. The market is obviously readjusting itself based on strong fundamental factors and with rising energy prices and a weakening dollar. Silver, platinum and palldaium also advanced, while copper dropped.
