Elena
16 Nov, 2006
New York City
U.S. stock futures traded little changed Thursday morning, with investors awaiting consumer inflation data release. Quarterly earnings reports are expected from Hewlett-Packard, Sears Holdings, Starbucks, and Gap Inc. Dell Inc. postponed its quarterly financial report as the SEC stepped up its probe into the accounting practices of the company.
Yordanka
16 Nov, 2006
New York City
Japanese stocks closed lower Thursday, swinging from earlier gains on concerns over the timing of future interest-rate hikes, while the leading share index in Hong Kong rose to a record close for the second straight time. Elsewhere around the region, markets closed mixed. Australian leading index fell on weakness in mining shares, while Singapore finished at another record.
Ivaylo
16 Nov, 2006
New York City
As well as financials, investors looked to U.S. inflation data later in the session and eyeing badly received updates from chipmaker Infineon Technologies and publisher Reed Elsevier. Carmakers led the advance in early trade. Volkswagen shares surged on speculations of likely offer from rival Porsche. By mid morning, London FTSE 100 gained 0.1%, Frankfurt Xetra Dax was marginally lower, and the CAC 40 in Paris fell 0.1%.
Ivaylo
16 Nov, 2006
New York City
An early report of better-than-expected manufacturing data in New York State, gave the dollar a boost, but weighed on the precious metals. Overall, silver has been outperforming gold. Silver is getting support from non-obvious sources and it seems likely that if gold prices move higher on the back of a weaker U.S. dollar expected, then silver will move higher and probably continue to outperform gold.
123jump.com Staff
15 Nov, 2006
New York City
Fed minutes showed that officials remained concerned on fighting inflation and near term rates are unlikely to be cut. The Fed also debate showed that the housing market slow down is not showing any sign of spill over in consumer spending. Recent in decline in oil price may stem from the weakness in global demand than from the rising oil supply, according to the minutes. U.S. Air is prepared to offer $8 billion to creditors of Delta, when the company emerges from the bankruptcy.
Elena
15 Nov, 2006
New York City
European stock markets closed higher Wednesday, boosted by a tech-stock rally which offset a sharp drop in shares of exchange operators. The German DAX 30 rose 0.68%, boosted by Infineon Technologies, up 3.4%. The French CAC 40 climbed 0.64%, led by strong tech stocks. Shares of Alcatel gained 2%, while STMicroelectronics rose 3.2%. London FTSE 100 climbed 0.7%, with telecom stocks giving a strong boost.
Elena
15 Nov, 2006
New York City
U.S. stocks extended Tuesday''s rally on easing concerns about the health of the economy and gains for blue-chips Altria and Boeing, up 1.7% and 1.2% respectively. US Airways climbed 11.7% after launching an $8 billion bid for Delta Air Line. Following the news, other stocks in the airline sector moved higher. Southwest Airlines Co. added 3.74%, American Airlines parent AMR Corp. rose 4.4%, while UAL Corp. climbed 6.8%.
Elena
15 Nov, 2006
New York City
With high volatility Sensex advanced for another session led by a rally in banking stocks. Subsiding interest rates worries lifted the sector as well as 10-year bond prices rising to a six-month high. Stable cement prices bolstered cement stocks as well. Bharti Airtel surged to an all-time high, buoying market sentiment still further. Software stocks led the decline, pharma stocks ended mixed. ICICI Bank led the gainers while on the opposite end was Hindustan Lever, leading the decliners.
Elena
15 Nov, 2006
New York City
Stocks opened modestly higher, with investors eyeing an $8 billion acquisition bid in the airline sector and awaiting minutes from the Federal Reserve''s meeting last month. Significant strength emerged in the airline sector after US Airways offered to acquire Delta Air Lines for $8 billion in cash and stock. Shares of U.S. Airways climbed 8%. AirTran surged 19% and JetBlue rose 9%, turning in two of the sector''s best performances.
Ivaylo
15 Nov, 2006
New York City
Deutsche Bank has turned buyer on mobile company Vodafone from its previous hold stance following the first half figures released yesterday. Kingfisher is out of favour with brokers after they noted that its shares are fast approaching their respective price targets. Cadbury Schweppes slipped back as Goldman Sachs reduced the confectionery maker to sell from neutral on a challenging landscape for the next six months. The FTSE 100 was 21 points, or 0.4%, higher by mid-day.
Elena
15 Nov, 2006
New York City
U.S. stock futures indicated a flat start of Wednesday session, awaiting the release of minutes of the last FOMC meeting as well as crude inventories data. In earnings news, Tyco International reported Q4 profit increase on higher sales and a gain from special items. Net income jumped to $1.27 billion, or 62 cents per share, up from $917 million or 44 cents per share last year. Airline stocks are seen in the spotlight after U.S. Airways made an $8 billion offer for Delta Air Lines.
Elena
15 Nov, 2006
New York City
US Airways said the offer is a 25% premium over the current trading price of Delta''s pre-petition unsecured claims as of Tuesday, and a 40% premium over the average trading price for Delta unsecured claims over the last 30 days. US Airways said it would be financially supported by Citigroup Inc.
Ivaylo
15 Nov, 2006
New York City
The Hang Seng Index finished at a record high buoyed by increases in China-related stocks and property shares. Gains in technology issues supported other regional indexes to end in positive territory, but could not counter declines in construction, steel and consumer-finance stocks in Japan. Technology shares also helped South Korean shares extend recent advances, while Singapore property stocks lifted the benchmark index. Australia and New Zealand slipped and Malaysia closed flat.
Ivaylo
15 Nov, 2006
New York City
Techs and telecoms led the way higher after the US tech markets strong performance due to a tame inflation report. Strong gains from technology shares such as chip maker Infineon Technologies countered some weakness from stock exchange operators Euronext, Deutsche Boerse and the London Stock Exchange. By mid morning, the FTSE 100 in London climbed 0.5%, Frankfurt Xetra Dax was up 0.5%, and the CAC 40 in Paris added 0.4%.
Ivaylo
15 Nov, 2006
New York City
Gold was also awaiting direction from economic data due later in the week. Gold is set up for a technical breakout on Wednesday in either direction. Technical-based moves are expected for gold and silver on Wednesday, then economic data on Thursday should provide more direction, as the CPI for October and jobless claims will be released, followed by capacity utilization and industrial production for October.
