Elena
24 Jan, 2007
New York City
U.S. stocks continued to move higher. The Nasdaq rose more than 1%, as Yahoo said it would launch a new Web advertising system and Sun Microsystems struck a deal for future financing. The energy and health sectors were little moved by President Bush''s State of the Union address, with Exxon Mobil down 0.7% and Pfizer rising 1.1%. Shares in McDonald''s fell 1.6% after the restaurant chain posted doubled profit in Q4 which met average estimates.
Elena
24 Jan, 2007
New York City
The market ended in positive territory Wednesday in a highly volatile session. In morning trading, cement stocks rebounded, but in the afternoon the focus shifted to metals, banks and energy stocks. Tata Steel led the advancers, together with Hindalco and L&T. Telecom regulator TRAI on Wednesday reduced mobile roaming tariffs up to 56%.
Elena
24 Jan, 2007
New York City
U.S. stocks opened higher on Wednesday after better-than-expected earnings reports from several major tech companies boosted investor confidence in the technology sector. Sun Microsystems rose 8.8% after the company reported its first quarterly profit in years as revenue rose. Yahoo jumped 6.6% after the Internet-search company''s Q4 profit topped analyst estimates, despite the 61% decline.
Ivaylo
24 Jan, 2007
New York City
The UK market surged by mid-day on Wednesday, as hopes of near-term interest rate hikes abated. The market sentiment improved markedly after news that the monetary policy committee of the Bank of England voted in favour of surprise rate hike in January by a slim margin, raising expectations that the end of its rate tightening cycle is near. Banks, miners, metal stocks were boosted by the news. The FTSE 100 was 0.8% higher at 6,275.6, an increase of 48 points.
123jump.com Staff
04 Jan, 2008
New York City
UK stocks declined sharply after retailers issued same store sales warning. FTSE 100 index fell 2.02% or 130.90 to 6,348.50. The accounting firm Grant Thornton reported that 22% of retailers listed in London gave negative sentiments in the fourth quarter of 2007 up from 7% from the third quarter. Kingfisher declined 7% and Next dropped 5.7%. New issues droppe by 35% in 2007 on the AIM market but the secondary issues volume rose by 50%. In 200 AIM listed compaies
Elena
24 Jan, 2007
New York City
U.S. stock futures pointed to a flat market opening, with tech stocks ready for a better performance Wednesday, led by Yahoo Inc. and Sun Microsystems. Yahoo rose 5.6% in pre-open trading, despite the 61% profit drop reported by the Internet search group. In addition, Goldman Sachs downgraded its shares, citing valuation. Sun Microsystems rallied 8.8% in the pre-open, due to a better-than-forecast profit on 7% revenue group.
Elena
24 Jan, 2007
New York City
Yahoo reported net income drop of $269 million, or 19 cents a share, down from $683 million, or 46 cents a year earlier, when it had a $340 million gain from the sale of investments. Fourth-quarter profit was higher than the expected earnings of 13 cents a share. The company said sales rose 13% to $1.7 billion on stronger demand for the company''s display ads.
Ivaylo
24 Jan, 2001
New York City
Stocks in Asia advanced sharply on Wednesday, with the benchmark index in Japan closing in on a six-year high on hopes for strong earnings reports lifting Toyota, Canon and other large-caps. The advance in Tokyo was focused on domestic stocks, with financial shares, steelmakers and trading companies gaining. Natural-resource companies gained after crude-oil prices bounced back above $55 per-barrel. Markets in Hong Kong, Singapore, Malaysia, New Zealand and Australia set intraday records.
Ivaylo
24 Jan, 2007
New York City
European stocks were higher in early trade on Wednesday as rising oil prices lifted energy stocks, while banking sector gains were led by HVB Group after majority shareholder Unicredit said it planned to buy out minority investors. The market shrugged off the declines from technology companies SAP and STMicroelectronics. In early trade, FTSE 100 in London climbed 0.6%, Frankfurt Xetra Dax added 0.3%, and the CAC 40 in Paris gained 0.5%.
Ivaylo
24 Jan, 2001
New York City
Gold prices hit a three-week high Tuesday as the dollar slumped against other major currencies and a possible nationalization of its mining sector in Bolivia stunned the market. Bolivia intends to raise taxes on mining, while also stating that the government may nationalize companies that violated privatization rules. Silver hit a five-week high on the back of a surge in copper futures and palladium ended at four-month high.
123jump.com Staff
04 Jan, 2008
New York City
Nikkei 225 Index in Tokyo trading fell 4.03% or 616.37 to close at 14,691.41. Broader index Topix fell 4.3% or 63.77 to 1,411.91. Both indexes fell for the first time with a such a large measure on the first trading day of a new year. After the release of weak auto sales in December month in the U.S. Nissan fell 9% and Toyota dropped 3%. Shipping lines fell after the Baltic Dry Index, which gauges prices, slumped for the ninth day in a row by 1.5% as China scaled back its iron ore imports.
123jump.com Staff
04 Jan, 2008
New York City
Australian stocks closed higher as the markets in the region gained. ASX 200 Index closed up 12.80 or 0.2% to close at 6,385.40. The Preliminary market turnover was 1.61 billion, worth a total $3.77 billion, with 640 stocks moving up, 549 moving down, and 336 unchanged. National Australia Bank hiked its variable rate for home loans by 12 basis points to 8.69% while ANZ, raised the borrowing charge for some of its products by 25 basis points to 8.44% and 8.54%.
123jump.com Staff
23 Jan, 2007
New York City
Market averages opened higher and closed near the high of the day. Crude-oil futures climbed almost 5% to close above $55 for the first time in two weeks following news that the U.S. plans to boost its emergency oil reserves. The U.S. plan to boost its reserve to 97 days of import from 55 days of import reserve helped oil to rebound. Sun Microsystems reported profit of 3 cents on 7% rise in revenue. Yahoo earning drops 61%. Bank of America earnings jump 47% and Wachovia earnings Up 10%.
Elena
23 Jan, 2007
New York City
European stocks finished mostly lower on Tuesday, dragged down by weakness in the technology sector and a profit warning from sugar producer Tate & Lyle. French-U.S. communications company Alcatel-Lucent dropped 8.5%, while LogicaCMG dropped 5.1%. In contrast, SAP shares advanced 2.1% after it was upgraded by Morgan Stanley. Tate & Lyle tumbled 15.6% in London. The German DAX 30 fell 0.1% at 6,678.93, the French CAC-40 slipped 0.1% at 5,575.07, while the U.K.''s FTSE 100 gained 0.2%.
Elena
23 Jan, 2007
New York City
U.S. stocks reversed from early weakness, as strong results from Texas Instruments helped relieve investor worries about the tech sector and offset a profit warning from Alcatel-Lucent. TI led chip makers higher with an advance of 3.9% on better-than-expected results and a job cuts announcement. United Technologies was a notable gainer among tech stocks, rising 3.1%, due to strong quarterly earnings. The Dow was supported by Boeing, Alcoa, Verizon.
