Elena
15 Feb, 2007
New York City
China''''s leading Internet search engine reported earnings rise of 122.8 million yuan ($15.7 million), or 3.54 yuan (45 cents) per American Depositary Share, from 24.5 million yuan, or 0.71 yuan per ADS a year ago. The quarterly profit exceeded estimates for earnings of 32 cents per ADS.
Ivaylo
15 Feb, 2007
New York City
The market opened with a positive bias and rallied following upbeat Asian markets and strong performance of Indian ADRs overnight. The rally was broad-based covering small and mid-caps. Auto, IT, banking and metal sectors advanced. L&T, Satyam, Cipla and Hero Honda jumped. Ranbaxy and NTPC led the decliners. Wholesale inflation hit a two-year high. Citigroup plans setting up a $5 billion infrastructure fund in India.
Ivaylo
15 Feb, 2007
New York City
Results from french bank BNP Paribas, on Thursday, limited gains in Europe from fashion and luxury goods companies and automakers. Banks retreated taking their cue from BNP Paribas with Societe Generale and Credit Suisse also down. Auto maker Daimler Chrysler surged and so did tyre maker Michelin. By mid morning, Frankfurt Xetra Dax added 0.1%, the CAC 40 in Paris fell 0.1% and London FTSE 100 shed 0.2%.
Ivaylo
15 Feb, 2007
New York City
Gold futures advanced to a six-month high on Wednesday, boosted by a decline in the U.S. dollar caused by congressional testimony from Federal Reserve Chairman Ben Bernanke. Silver futures took their cue from gold and gained too. Platinum and palladium also rose. After hitting a two-week high, copper dipped. Energy stocks declined, except for gasoline, which bucked the downtrend and advanced. Arabica coffee and raw sugar gained.
123jump.com Staff
14 Feb, 2007
New York City
Popular averages got a triple boost. The Fed Chairman said moderate economic expansion will continue and inflation is on the decline, Chrysler said it will cut 13,000 jobs, and Applied Materials and Deere reported better than expected earnings. DaimlerChrysler reported that Q4 net income fell 40% and announced plans to cut more than 13,000 jobs. Caterpillar rose 2.6%. Chip-equipment maker, Applied Materials rose 4.3% and Deere rose 10%. Financials and material sectors led the gainers.
123jump.com Staff
14 Feb, 2007
New York City
Broader indexex continued to climb in the final hour of trading. The Fed Chairman in his speech suggested that economy will continue to grow at moderate rate this year and inflation is on the decline. Garmin profit doubled and stock rose 7%. Deere reported a profit rise of 31% on improved sales. First Solar jumped 25% on declaring a profit. SPSS jumped on 36% rise in operating profit. Daktronics fell 22% on lowered profit outlook.
Elena
14 Feb, 2007
New York City
European stocks ended higher on Wednesday, reaching new multi-year highs as autos, mining and technology stocks advanced. Fed Reserve Chairman
Elena
14 Feb, 2007
New York City
U.S. stock averages traded higher Wednesday morning, with the Dow hitting a new record high. Caterpillar, Microsoft, Intel Corp. and Verizon led the blue chips higher. Financial stocks like American Express, JP Morgan Chase & Co. and Citigroup also gained. Farm equipment maker Deere & Co. jumped 9% after it posted a bigger-than-expected Q1 profit on strong international equipment sales to $1.04 per share from 99 cents a year ago. The company also boosted its earnings outlook for the year.
Elena
14 Feb, 2007
New York City
U.S. stock markets opened on a positive note on well-received comments from Federal Reserve Chairman Ben Bernanke on inflation, easing concerns that the Fed might raise interest rates later this year. Chip equipment maker Applied Materials boosted tech stocks as it rose 4.3% after reporting tripled quarterly profit. Again in earnings-related moves, restaurant chain operator P.F. Chang''s China Bistro gained 9% although it reported Q4 profit drop of 5%, weighed down by higher costs.
Ivaylo
14 Feb, 2007
New York City
The FTSE 100 breached the 6,400 barrier on Wednesday for the first time in more than six years. Wolseley surged following a report in a newspaper that Cinven was preparing a bid. While an apparent denial from Cinven pulled the stock back, the plumbing and heating products group was still trading higher. Mining stocks continued to benefit from higher metals prices as the price of tin touched an all-time high. By late morning, the FSTE 100 in London was trading broadly flat at 6,379.4.
Elena
14 Feb, 2007
New York City
U.S. stock futures traded higher ahead of Federal Reserve Chairman Ben Bernanke testimony in front of Congress. Among pre-market highlights, DaimlerChrysler rose 4.6% after it announced a recovery plan for its U.S. Chrysler group, including the reduction of its workforce by 13,000 employees. Beverage giant Coca-Cola added nearly 1% in the pre-open as Q4 earnings excluding charges beat analyst estimates.
Elena
14 Feb, 2007
New York City
Coca-Cola said revenue increased 7% to $5.93 billion. Excluding the charge, the company would have earned 52 cents a share, exceeding estimates for earnings of 50 cents a share on revenue of $5.78 billion. Coca-Cola is planning to buy back between $2.5 billion to $3 billion in stock in 2007.
Ivaylo
14 Feb, 2007
New York City
Asian markets ended mostly higher on Wednesday, with Australian benchmark index reaching an all-time high, after industrial-metals and crude-oil prices recovered and as takeover speculation in the metals sector continued. Japan also advanced on strength in large-caps like Sony and Bridgestone while Samsung Electronics led South Korean shares higher. HK rose on Telecom Nutchison and Taiwan also finished higher.
Ivaylo
14 Feb, 2001
New York City
The market opened with a negative bias and plunged further on RBI
Ivaylo
14 Feb, 2007
New York City
European stock markets traded higher by mid-morning on Wednesday supported by strength in the miners and software sectors and overnight gains on Wall Street and in Asia. In London, the FTSE 100 breached the 6,400 level for the first time since December 2000, helped by strength in the mining sector and bid talk surrounding Wolseley. German Xetra Dax added 25.8 points, or 0.4% and CAC 40 in France gained 19.8 points, or 0.4%.
