Ivaylo
19 Jan, 2007
New York City
European markets opened lower on Friday as gains for construction and building groups were offset by falling technology stocks and utilities, although French construction group Vinci climbed in Paris. Markets were impacted negatively after technology stocks sank overnight on US market disappointing outlooks from computer group Apple and Lam Research. By mid morning, London FTSE 100 lost 0.3%, Frankfurt Xetra Dax fell 0.3%, and the CAC 40 in Paris shed 0.2%.
Ivaylo
19 Jan, 2007
New York City
Crude oil settled Thursday below $50 for the first time in 20 months, dragging other commodities with it. Copper plunged to an eight-month low. Gold and silver futures were also under pressure and slipped at the New York Mercantile Exchange. From the energy stocks only natural gas bucked the trend and advanced. Arabica coffee and raw sugar also followed suit and declined, while corn gained.
albena
18 Jan, 2007
New York City
U.S. stocks traded mixed late Thursday after the cautious guidance from Apple disappointed investors and hurt tech shares. The Dow was held back by the declining Intel, IBM and Hewlett-Packard. General Electric also slid after the news that it is about to buy the diagnostics unit of Abbott Labs. The other government data released today indicated a ramp-up in housing construction, a modest increase in consumer prices and an unexpected drop in jobless claims to an 11-month low.
Elena
18 Jan, 2007
New York City
European stocks closed mixed on Thursday, with weakness in the technology sector offsetting a rally in the automotive sector. The tech sector was undermined by Apple''''s cautious Q2 outlook in the U.S. and a 15% drop in the shares of Finnish IT services firm TietoEnator. Semiconductor stocks, including Infineon Technologies and software firm Business Objects also moved lower. Both the German DAX 30 and the French CAC 40 lost 0.1%, while London FTSE 100 added 0.1%.
Elena
18 Jan, 2007
New York City
The market experienced a volatile trading on Thursday, as profit-taking emerged after it struck an intra-day high. Reliance Industries reported strong Q3 results that buoyed the Sensex. Positive Q3 results from some mid-cap stock also supported sentiment, as well as strong overnight closing of Indian ADRs. HDFC and ONGC led the gainers, while the main decliners were Tata Steel and Reliance Energy. The government has delayed a meeting connected with Special Economic Zones.
Elena
18 Jan, 2007
New York City
U.S. stock markets opened mixed ahead of a speech by U.S. Fed Reserve Chairman Ben Bernanke, expected to describe steadily moderating growth and give clues about interest rates. Earnings reports were also in focus, with gains for financial stocks and losses for the tech sector. Merrill Lynch said Q4 earnings rose 68% to 2.41 per share, sharply up from $1.41 per share last year, exceeding analyst forecasts. The brokerage gained nearly 1%. Apple dropped 4.3% on disappointing Q2 outlook.
Ivaylo
18 Jan, 2007
New York City
London rallied towards its best levels of the day as positive broker comment and rising US futures, supported by strong gains across the mining sector, had cheered investors. ICAP gained on an update, while Vedanta Resources led miners north on higher commodity prices, with Xstrata and Antofagasta also pushing ahead. London Stock Exchange has announced an increase in its share buyback program. By mid-day, the FTSE 100 advanced 26.2 points, or 0.4%, to 6,237.5.
Elena
18 Jan, 2007
New York City
U.S. stock averages traded mixed, as investors digested recent economic data and the urgent tone of Fed Reserve Chairman Ben Bernanke, who warned of looming budget crisis and gave little clue about the direction of interest rates. The Nasdaq continued to move lower as disappointing guidance from Apple and Intel raised concerns about the outlook for the technology sector. Shares of Apple moved down 4.3%, while Intel fell 1.6%.
Elena
18 Jan, 2007
New York City
U.S. stock futures traded mixed Thursday, as an increase in consumer inflation and weakness in Apple shares because of disappointing Q2 outlook, offset stronger-than-expected housing data and another drop in jobless claims. The U.S. Labor Department said its consumer price index rose 0.5% in December, while core CPI increased 0.2%. Housing starts rose 4.5% in December to 1.64 million annualized units, above the 1.57 million expected by economists.
Elena
18 Jan, 2007
New York City
Apple reported a profit of $1 billion, or $1.14 a share, up from $565 million, or 65 cents a year ago. Revenue increased 24.5% to $7.1 billion from $5.75 billion. The results beat the estimates of analysts, who expected Apple to earn 78 cents a share on revenue of $6.42 billion. The soaring quarterly profit was contributed to strong demand for the company
Ivaylo
18 Jan, 2007
New York City
Most Asian indexes advanced on Thursday as Japanese exporters benefited from the decision of Bank of Japan to keep interest rates on hold, while China Mobile helped lead Hong Kong higher despite losses in Chinese banks and real-estate developers. Japanese media had reported Wednesday the central bank was likely to postpone any changes to interest rates until its February meeting. South Korea, Australia and Taiwan gained, while bucking the trend, the Shanghai Composite Index lost.
Ivaylo
18 Jan, 2001
New York City
European equities moved higher by mid-morning on Thursday, helped by strength in the oil, financials, travel and media sectors, on a busy day for corporate earnings releases. Commodity companies such as Total rose on strength in oil prices and well-received earnings from Merck KGaA. By mid-morning, the U.K. FTSE 100 index rose 37 points, or 0.5%, while the German Xetra Dax added 28 points, or 0.4%, and the French CAC 40 gained 34.8 points or 0.6%.
Ivaylo
18 Jan, 2007
New York City
Gold futures settled higher Wednesday, hitting a two-week high as crude oil contracts rallied off their lows and the dollar declined. Natural gas dropped 6 percent after a forecast of warm weather. March silver futures climbed with gold, together with platinum and palladium, while copper futures were on the defensive for most of the session and declined at settlement. Arabica coffee futures ended slightly lower and raw sugar also fell. Corn and soybeans closed higher.
123jump.com Staff
17 Jan, 2001
New York City
Faster than anticipated 0.9% rise in December Producer Price Index and steady regional economic growth indicated in the Fed suvey did not support rise in market averages. Tech stocks declined ahead of earnings season. After the close Apple reported 78% rise in earnins on 24% rise in revenue. The company sold 21 million iPod during the holiday season. JP Mrogan reported 48% rise in earnings.
Elena
17 Jan, 2007
New York City
European stocks closed in the red on Wednesday, as concerns over U.S. inflation and commodity prices outweighed some positive sentiment generated by SABMiller and ASML Holding. Shares of chip-equipment maker ASML Holding rallied 8.4% on higher-than-expected net income jump, while brewing company SABMiller gained 4.7% on improved quarterly sales. The French CAC 40 slipped 0.5%, followed by the German DAX 30 and London FTSE 100, each falling 0.2%.
