Ivaylo
10 Nov, 2006
New York City
European shares traded in the red on Friday morning, due to a concerns over U.S. consumer sentiment data and recent oil price strength and as the downturn in pharmaceuticals stocks such as GlaxoSmithKline and AstraZeneca continued. Friday represents the third day of share price weakness for these companies. By mid morning, the FTSE 100 in London lost 0.5%, while Frankfurt Xetra Dax fell 0.7%, the CAC 40 in Paris shed 0.5%.
Ivaylo
10 Nov, 2001
New York City
The rally was helped by a sagging U.S. dollar, climbing crude oil prices, as well as speculative and chart-based buying. December gold rose above the peak of $632.20 an ounce on Monday and eventually hit a high of $637 an ounce Thursday, while December silver took out the peak of $12.80 on Monday and traded as high as $13.09. In energy trading, crude futures advanced to a two-week settlement high after European inventories fell going into the Northern Hemisphere winter.
123jump.com Staff
09 Nov, 2006
New York City
Maket averages tunred negative in the afternoon trading on rise in oil price. ExxonMobil gained on the rise in oil and is expected to generate annual gain not seen since 1985. Cisco rose 7% on the 28% rise in earnings. Trade deficit in Sept declined to $64 on lower oil price and strong sales of aircraft. Initial claims of jobless fell in the last week. Gold miners rose between 4% and 5%.
Elena
09 Nov, 2006
New York City
European stock markets closed mixed, reflecting earnings-inspired gains from industrial conglomerate Siemens and brewer Inbev and weakness in the healthcare and financial sectors. London FTSE 100 finished down 0.1% dragged by pharma and ban stocks. The German DAX 30 added 0.2%, supported by Siemens. The French CAC 40 rose 0.2%, helped by EADS.
Elena
09 Nov, 2006
New York City
Stocks reversed from earlier gains, as weaker-than-expected consumer sentiment data and higher oil prices limited the advance generated by Cisco profit, a narrowing trade deficit and lower import prices. Cisco boosted networking stocks, rising 7% on 28% profit jump. Media giant Viacom dropped 2.1% as the company reported a 16% decline in Q3 earnings, but the results topped analyst forecasts.
Elena
09 Nov, 2006
New York City
Strength in large-caps and in key stocks from the auto, banking, consumer goods, energy and software sectors led the advance today in highely volatile trading session. There has been a surge in select small-cap and mid-cap stocks catching up with the trend in large-caps. Infosys and Satyam, together with ICICI Bank and HDFC Bank led the gainers, while Maruti led the decliner. The government is considering lifting the sugar export ban in the next two weeks.
Elena
09 Nov, 2006
New York City
The strength in the tech sector was contributed by better-than-expected quarterly results from tech bellwether Cisco, sending its shares up 6.3%. Well received economic news also generated positive sentiment. Investors cheered data, showing that trade deficit showed a sharp improvement in September, import prices dropped 2% in October, and initial jobless claims dropped 20,000 to 308,000.
Ivaylo
09 Nov, 2006
New York City
The Bank of England raised the base rates from 4.75% to 5%, the highest level for five years. Pharmaceutical stocks were among the leading fallers amid fears that the victory for the Democrats in the US mid-term elections would hit the sector. Mining stocks also plunged, while electricity generators advanced. The FTSE 100 index was down 22.8 points at 6,216.2, from a five-year high in the previous session.
Elena
09 Nov, 2006
New York City
U.S. stocks indicated a flat market opening Thursday, reflecting rising oil prices and positive Cisco Systems quarterly earnings. Oil futures rose 38 cents to $60.22 a barrel. Cisco Systems rallied 8.6% in pre-open trading on better-than-forecast 28% quarterly profit rise to 26 cents a share, up from 20 cents last year, boosted by 25% sales rise.
Elena
09 Nov, 2006
New York City
Graceway Pharmaceuticals Inc. agreed to acquire 3M''s pharmaceutical operations in the U.S., Canada, and Latin America for $875 million. Meda AB agreed to buy 3M''s pharmaceutical business in Europe for $857 million. And Ironbridge Capital and Archer Capital will buy the Asia-Pacific operations, including Australia and South Africa, for $349 million.
Ivaylo
09 Nov, 2006
New York City
Asian stocks finished mixed Thursday, with Hong Kong rising on gains in oil-related, property and tech stocks, but stocks in Japan and Australia suffered by concerns over rising interest rates. In Tokyo, advances in the auto and technology sectors failed to counter concerns the Bank of Japan may raise interest rates. In Sydney, the market declined after the central bank raised rates a quarter point on Wednesday.
Ivaylo
09 Nov, 2001
New York City
European shares gained ground in early deals on Thursday as gains from companies such as industrial conglomerate Siemens and brewer Inbev after reporting earnings outweighed some weakness from health care stocks after reports emerged that the Democrats have won the U.S. Senate as well has the House of Representatives. By mid morning, the FTSE 100 in London nudged slightly lower, Frankfurt Xetra Dax gained 0.2% and the CAC 40 in Paris added 0.2%.
Ivaylo
09 Nov, 2006
New York City
Some profit-taking has occurred in all of the precious metals, pushing metals lower. The pullback can be seen as a natural retracement for the next move up. Gold staged a good run coming up to the $630 level. But now the market may be in a period of consolidation for one to one and a half weeks. Crude oil advanced as well as coffee futures and raw sugar.
123jump.com Staff
08 Nov, 2006
New York City
Wall Street was affected by the shift in political landscape in washington. President acknowledging the election results accepted the resignation of Rumsfeld, a controversial figure. Ethanol stocks rose on higher subsidy expectations. New York Stock Exchange to fire 17% and considers closing the floor in New York. Cisco reported 30% rise in earnings to 26 cents from 20 cents a year ago.
Elena
08 Nov, 2006
New York City
European stock markets finished down, reflecting cautious trading amid the election victory of the U.S. Democrats. Drug stocks were among the biggest losers on fears that if the Democrats win both the House and the Senate, they might enforce lower drug prices. AstraZeneca slipped 2%, GlaxoSmithKline dropped 1.6%, Novartis fell 1%, while Roche lost 0.5%. The German DAX 30 fell 0.2%, London FTSE lost 0.1%, while the French CAC 40 was flat at 5,437.10.
