Ivaylo
02 Jan, 2007
New York City
Trading activity slowed considerably in the final hours of 2006, as investors took stock of another exciting year in precious metals. With no major U.S. economic data, the currency market remained range-bound, giving fewer cues to the metals trade. Copper futures displayed persistent weakness again Friday, with liquidation and continuing stock builds sending prices to their lowest level since June.
123jump.com Staff
29 Dec, 2006
New York City
Markets around the world rose on higher prices of commodity, metals and oil during the year 2006. Profits of companies rose at the fastest pace in Asia and Western European nations. Peruvian and Chilean stock markets beenefited from rising metal prices and Brazil gained on higher exports. Mexico, Venezuela and Russia rose on higher oil price. India rose for the fourth year and China registered gain of more than 100%. Gold advanced 23%, crude oil closed flat and natural gas fell 44% in the year.
123jump.com Staff
29 Dec, 2006
New York City
Peru and Venezuela led the world markets for the year. Asian markets closed higher across the region. Economic expansion in the Asian region is likely to sustain market rise, however at a slower pace, in the yer 2007. Middle Eastern markets take a tumble and sell off between 20% and 53%. Apple rebounds 5% on the news that the company investigation cleared the CEO from stock option investigation. Chrysler agrees with Chinese company to build small car in China and sell worldwide.
Elena
29 Dec, 2006
New York City
The Indian benchmark index has gained 47% over the year, one of the best performing emerging markets in the world. Of the 3,000 daily traded stocks only 25% managed to beat the rise in Sensex and 50% of the companies lost value in the year. Auto sector index rose 31%, banks gained 42% and cement sector rose more than 70% for the year. For the day, stocks ended lower.
Ivaylo
29 Dec, 2006
New York City
Volumes traded on the market were expectedly low as investors took profits from some of the gains posted this week. Utilities declined with Scottish & Southern Energy leading the way. Financials such as Northern Rock and Royal & Sun Alliance were also lower, while property groups Persimmon, Land Securities and Hammerson advanced. The benchmark FTSE 100 Index in London lost 20.1, or 0.3%, to 6220.80.
Elena
29 Dec, 2006
New York City
U.S. stock market futures traded near the unchanged mark, as an advance by Apple Computer offset worries about an end-of-year sell-off. Trading volume was expected to be light on Friday. Apple jumped 4% to $84.15 before market opening as the company said in a regulatory filing that CEO Jobs was aware of certain favorable stock options grant dates, but did not personally benefit from improper option grants.
Elena
29 Dec, 2006
New York City
However, it did find that CEO Steve Jobs was aware or recommended the selection of some favorable grant dates but he didn
Ivaylo
29 Dec, 2006
New York City
Asian markets finished the year on a positive note on Friday, as Japan closed higher in a shortened trading session and Australia reached a record high with traders buying large-caps. Toyota Motor Corp., Canon Inc. and other exporters helped the benchmark index after the yen retreated against the dollar. Hong Kong bucked the uptrend, ending lower on profit-booking in Chinese banks and index large-caps.
Ivaylo
29 Dec, 2001
New York City
European stock traders were wary of taking up new positions on Friday, on the last trading day of the year, as trade was uneven with very thin volumes. Banking shares were in demand after ABN Amro said it was laying off workers and as Credit Agricole announced it was going to issue cheaper shares to help fund the acquisition of bank branches in Italy. By mid morning, London
Ivaylo
29 Dec, 2001
New York City
Gold and silver settled higher on Thursday for a fourth session in a row, aided by a mixture of lower dollar and higher oil prices in the wake of economic data showing a larger-than-anticipated depletion in crude supplies in the latest week. Entering into 2007, the expectations are of rising volatility and uncertainty, enough to cause concern for gold and silver to become safe haven assets in their own right.
123jump.com Staff
28 Dec, 2001
New York City
Market trading was affected by the weekly oil report and existing home sales. Last week inventory of oil declined by 8 million barrels and that of gasoline rose by 3 million barrels. The inventory level for the crude oil are runnig about 7% higher of three year average. Gasoline supply is tight even after fifteen months since Hurricane Katrina. Gasoline invenotry are high but refineries are operating under tight conditions. Existing home sales rose in November by 0.6%.
Elena
28 Dec, 2006
New York City
European stocks ended flat on Thursday, reflecting an increase in the price of oil which countered positive data on U.S. economic growth. The German DAX 30 closed unchanged at 6,611.81, reversing from a five-year high reached earlier in the session. Among other regional markets, the French CAC 40 and London FTSE 100 lost 0.1% each.
Elena
28 Dec, 2006
New York City
U.S. stocks failed to continue the recent rally and kept trading in the negative, despite stronger-than-anticipated economic reports. On the one hand, the upbeat data provided support to the equities, but on the other, stoked concerns about faster-than-expected economic growth that could lead the Fed to stay on hold on rates in 2007.
Elena
28 Dec, 2006
New York City
The market opened firm but succumbed to high volatility in the afternoon trading. Auto, metal and oil and gas stocks gained with Hero Honda, HDFC Bank and ITC leading the way. Telecoms were in focus over bid speculation for Hutch Essar. Banks kept their winning streak on hopes of improving profitability after several lending rates hikes. The market fall at the end of the trade was mainly on expiry of year-end derivatives. Cipla, SBI, Dr Reddy led the decliners.
Elena
28 Dec, 2006
New York City
Stocks opened little changed on cautiousness ahead of key economic data but pared losses following the release of stronger-than expected reports. December consumer confidence rose to 109.0 from an upwardly revised 105.3 in November, despite expectations of a decline to 102.0. November existing home sales rose 0.6% to a seasonally annual rate of 6.28 million units from an unrevised 6.24 million unit rate in October. Economists had expected a decrease to a 6.15 million unit rate.
