Ivaylo
06 Nov, 2006
New York City
Strong U.S. employment data boosted the dollar, providing earlier pressure on gold which then limited the gains of the precious metal. But platinum made the biggest gains among the precious metals this week, advancing 12% from the closing level last Friday on speculation over the launch of a platinum-based exchange-traded fund. Silver reached a new eight-week high and copper also rose.
123jump.com Staff
03 Nov, 2001
New York City
Market averages traded in no clear direction. The conflicting job reports cut the early rally to losses by mid-day trading. Whole Foods reported earings of 28 cents vs. 6 cents a year ago. The company revenue rose to $1.29 billion from $1.12 billion a year ago. The company lowered the same store sales growth targest in 2007 between 6% and 8% from the rate of 11% in fiscal 2006. The stock lost 23% or $14 in Friday trading. FedEx plans to raise shipment rates by 5.5% for the Express service.
Elena
03 Nov, 2006
New York City
European stock markets closed in the positive, boosted by stronger-than-expected U.S. jobs data and gains for financial Gommerzbank. The German DAX 30 advanced 0.29%, led by 4.3% rise in the shares of Commerzbank. The French CAC 40 climbed 0.49%, helped by Euronext. London FTSE 100 ended flat at 6,148.10, pressured by losses for British Airways and Rexam.
Elena
03 Nov, 2006
New York City
U.S. stocks turned mixed, as a rebound in oil prices overshadowed better-than-expected jobs data. Shares of oil companies Exxon Mobil Corp. and Chevron Corp. rose 1.1% and 1.4%, respectively. At the same time, consumer-oriented stocks such as Starbucks Corp. and McDonald''s Corp. slipped 1.8% and 1%.
Elena
03 Nov, 2006
New York City
In a highly volatile trading the Sensex ended the week higher, rebounding in the latter part of trading today from early weakness due to surging ONGC, Infosys and Reliance Industries. Cement, construction and media stocks rallied, while auto and IT shares declined. Inflation rose to over a four month high. Record foreign fund inflows were recorded in October. The Indian rupee today advanced to its highest level against the dollar in more than six months.
Elena
03 Nov, 2006
New York City
Stronger-than-expected employment data in October pushed stocks higher at opening, easing concerns about the fast pace of the U.S. economic slowdown. Economically sensitive shares such as Boeing and United Technologies Corp. advanced 1.2% and 0.7% respectively. Shares of Electronic Arts lifted the Nasdaq and the S&P 500 after the world''s largest video game publisher posted higher-than-expected quarterly revenue. Company''s shares jumped 10%. Whole Foods dropped 21% on sales warning.
Ivaylo
03 Nov, 2001
New York City
Gains for BSkyB helped outweigh losses for British Airways. Rexam led the decliners after it warned it would take a hefty restructuring charge. Tobacco stocks were in demand helped by reports that Japan Tobacco is considering a potential bid for Gallaher. Falling gold prices left Lonmin, Rio Tinto, Xstrata and Anglo American also in the red. AstraZeneca held firm despite demands from shareholders. In mid-session trade the FTSE 100 was 0.2% higher.
Elena
03 Nov, 2006
New York City
U.S. stock market futures recovered from earlier uncertainty to turn higher Friday, boosted by stronger-than-expected jobs data which showed that unemployment rate dropped to a five-year low of 4.4% in October as employers added 92,000 new jobs. Whole Foods tumbled 20% in pre-open trading after warning that next-year revenue growth will come far below this-year levels.
Elena
03 Nov, 2006
New York City
Microsoft Corp. announced late Thursday that it
Ivaylo
03 Nov, 2006
New York City
Japan was closed fot public holiday. The Australian index rose to a record intraday high after National Australia Bank posted earnings. The leading index in Hong Kong also hit a fresh record on gains in mainland cellular operator China Mobile. South Korea trimmed earlier loses to finish marginally higher. Taiwan and Malaysia both gained. Singapore bucked the trend and sank.
Ivaylo
03 Nov, 2006
New York City
Apart from the upbeat results from Commerzbank, the advance was fueled by oil stocks bouncing back in spite of further losses for crude oil prices. Gains in the insurance sector also helped after some well-received earnings from Allianz of Germany. The FTSE 100 was steady as U.K. investors were weighing results from airline British Airways. By mid morning, the FTSE 100 in London was flat, Frankfurt Xetra Dax added 0.2% and the CAC 40 in Paris edged marginally higher.
Ivaylo
03 Nov, 2006
New York City
Gold futures advanced to their highest level in two months Thursday to make a two-session gain of $21 an ounce as weak U.S. economic data weighed the dollar lower against major currencies, spurring investment demand in gold. Such a bleak set of background factors, together with the complete absence of good news on the real estate market situation create a rather somber picture for the U.S. dollar and the stocks markets.
Elena
02 Nov, 2006
New York City
European stock markets closed notably lower, as investors turned to profit taking after a weak opening on Wall Street, mixed earnings reports, and a hint by the ECB that it will raise interest rates at its next meeting. The German DAX 30 slipped 1.1%. The French CAC 40 also dropped 1.1%, while London FTSE 100 closed flat at 6,149,30.
Elena
02 Nov, 2006
New York City
Stocks traded in a lackluster fashion on productivity data, disappointing same-store sales, and Intel''s downgrade. Target Corp dropped 2.4% after it said same-store sales climbed 3.9%, below expectations of a 4.2% gain. Costco shares also fell 2.3% after its October sales disappointed. Elsewhere, Intel fell 1.3% after Merrill Lynch downgraded the chip maker to neutral from buy. Dell rallied 3.3% after Goldman Sachs upgraded the computer maker to neutral from sell.
Elena
02 Nov, 2006
New York City
Profit-taking at higher levels in the last hour of trading emerged as the benchmark index ended at another all-time high. The market sentiment remained upbeat throughout the day, but the mid-cap and small-cap index, hitting to all time high in the early hours, retreated in the latter half of trading. ONGC led the advancers on reports that it plans joint ventures with Russian oil companies. Bajaj Auto and Maruti also rose, while the main decliners were Satyam and Hindalco.
