Ivaylo
05 Jan, 2007
New York City
European markets gave up some territory on Friday as ailing commodity markets pushed resource stocks down and as a profit warning from US telecoms equipment maker Motorola weighed on the technology sector in Europe. Motorola reduced its forecast for profits in the fourth quarter. Nokia also suffered as Credit Suisse cut its rating. The FTSE 100 in London shed 0.5%, Frankfurt Xetra Dax fell 0.6%, the CAC 40 in Paris lost 0.5%.
Ivaylo
05 Jan, 2007
New York City
Precious metals traded in opposite directions on Thursday, with gold retreating along with the euro and crude oil but silver rebounding. Copper kept on its losing streak and hit the lowest level since April. As for silver advances, it may be that investors are looking at the gold/silver ratio at this point. Silver had outperformed gold during much of late 2006. Whereas gold recovered at the end the previous year, traders may be starting to favor silver on the ratio again.
123jump.com Staff
04 Jan, 2007
New York City
Two-day drop in oil price of 9% took center stage today. Traders and investors took a note of suddden drop in oil price, two-year low, lifted retail stocks but hurt the stocks in energy complex. Other than teen age apprael retailers, most companies falied to meet December retail sales forecast. Of the 51 companies reporting sales only 23 managed to beat the estimates. Intel rose 4% on broker upgrade and Cisco rose on $830 million buyout of IronPort Systems.
123jump.com Staff
04 Jan, 2007
New York City
Market averages are trading close to unchanged level after registering a mild rise in the morning hours. Only 23 of the 51 reporting companies managed to beat same store sales during the month of December. Luxury and select apparel retailers reported stronger than anticipated sales. Oil dropped 3% on top of 4% loss registered yesterday.
Elena
04 Jan, 2007
New York City
European stocks closed down Thursday amid uncertainty related to inflation and economic growth after minutes from the Federal Reserve''''s latest monetary-policy meeting. Miners were among the heaviest decliners, with BHP Billiton, and Rio Tinto falling more than 3.5% as copper prices continued to decline. Oil companies like Royal Dutch Shell and Total fell 1.2% amid a sharp decline by the oil price. The French CAC 40 fell 0.7%, London FTSE 100 was down 0.5%, and the German DAX 3 fell 0.3%.
Elena
04 Jan, 2007
New York City
The U.S. stock markets turned mixed in late morning trading, with the Nasdaq moving above the flat line. The advance by the tech-heavy Nasdaq was largely contributed by strength in the semiconductor sector, with Intel climbing 3.8% after Banc of America raised its earnings estimates for the semiconductor giant. Strong gains by some biotechnology and internet stocks also provided a boost.
Elena
04 Jan, 2007
New York City
The Indian benchmark index could not sustain the 14,000 level achieved yesterday and plummeted in volatile trade today. Weakness in metal and IT stocks weighed on the market, as precious metals and copper fell sharply on the world stock exchanges. ITC led the decliners on a plunge in wheat prices. After their rally yesterday, IT stocks were under heavy selling pressure today and ended in negative territory. Dr Reddy led the advancers, together with energy stocks.
Elena
04 Jan, 2007
New York City
U. S. stocks started trading lower Thursday morning as disappointing monthly retail sales raised concerns about the outlook for corporate profits. Retail chains like Federated Department Store, Gap Inc., Limited Brands Inc., and Target Corp. posted lower-than-expected same-store sales during the month of December. In economic news, the Commerce Department said that November factory orders rose 0.9% following a revised 4.5% decline in October.
Ivaylo
04 Jan, 2007
New York City
Miners dominated the list of large-cap decliners, led by Xstrata, Kazakhmys, Vedanta and Antofagasta as copper prices continued to fall on concerns about waning demand and increasing stockpiles. Oil companies BP, Shell and Cairn Energy also slipped as oil prices dropped 4%. Online electronic company FFastFill and retailer Alexon led the gainers. The FTSE 100 slipped 0.62% to 6,280 in mid-afternoon session.
Elena
04 Jan, 2007
New York City
U.S. stock futures pointed to a negative market opening on continuous concerns that the Fed Reserve may not cut interest rates in the short term. Market also digested December retail sales which turned out to be lower than previously expected. In economic news, initial jobless claims rose to 329,000 from the previous week''s revised figure of 319,000, higher than the expected rise to 320,000. Monsanto reported Q1 profit jump by 53% to 16 cents a share on strong sales.
Elena
04 Jan, 2007
New York City
Retail companies will be in the spotlight on Thursday, due to the release of December same-store sales. Rainstorms and warmer winter weather are expected to have negatively influenced retailers
Ivaylo
04 Jan, 2001
New York City
Asian markets ended mostly lower Thursday, with Japan and China advancing contrary to the general downtrend. In Japan, stocks opened 2007 by hitting an eight-month high in a shortened session on gains in automakers. In China, airlines and resource shares reported strong gains but in Hong Kong the stock market was pushed lower by Chinese financials. A slump in commodity prices and a reversal of strength on the US market pushed the market in Australia down sharply.
Ivaylo
04 Jan, 2007
New York City
European equity markets retreated from six-year highs on Thursday as resource stocks fell after sharp declines for oil and metals prices on commodity exchanges. In New York overnight stocks gave up much of their early gains as markets struggled against falling commodity prices. Resource stocks were hit by falling commodities. London-listed miners fell after copper prices tumbled. By mid-morning, the U.K. FTSE 100 shed 0.8% as did Frankfurt Xetra DAX. CAC 40 in France declined 1%.
Ivaylo
04 Jan, 2007
New York City
Gold prices declined on Wednesday, suggesting a fall in the February contract from its strongest intraday level in a month to a end at its lowest level in more than a week as a stronger U.S. dollar reduced demand for the precious metal. March silver contract also dropped from an almost three-week high as well as copper futures which slipped to their weakest level since April.
Elena
03 Jan, 2007
New York City
U.S. stock averages closed mixed Wednesday, reversing from substantial gains made earlier in the session. Market turned to a heavy sell-off after minutes from the last Federal Reserve policy setting meeting indicated growing concerns over economic growth, with the pullback in the housing sector in particular. Dow ended up 11, Nasdaq gained nearly 8, while S&P 500 fell almost 2 points.
