Ivaylo
16 Oct, 2006
New York City
Oil explorers, technology firms and Italian banks gained in early European market trading on Monday, although sentiment on the Continent was put off by disappointing earnings from Dutch consumer electronics giant Philips Electronics. By mid morning, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax was flat, and the CAC 40 in Paris was also little changed.
Ivaylo
16 Oct, 2006
New York City
There is some new money coming into the market from funds that have been sitting on the sidelines in Europe. Also, there has been a tremendous amount of buying coming out of India and Dubai. There is a resumption of some investment-fund interest in the market, which with higher energy prices, resorted to more commodity fund buying. It is probably a technical breakout.
123jump.com Staff
13 Oct, 2006
New York City
September total retail sales fell 0.4%, excluding gasoline sales rose 0.6%. Consumer spending at elevated level. All four IPOs priced today had successful debut. SAIC, defense contractor rose 21%, Acme Packet surged 76%, eHealth gained 63% but UltraPetrol fell 5%. Defense Contractor SAIC is likely to rise further in the coming weeks. China foreign exchange cross $1 trillion.
Elena
13 Oct, 2006
New York City
European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil prices, helping to offset losses posted by cosmetics giant L
Elena
13 Oct, 2006
New York City
European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil prices, helping to offset losses posted by cosmetics giant L
Elena
13 Oct, 2006
New York City
U.S. stocks turned mixed in late morning trading Friday. A day after hitting an all-time high, the blue-chip index was dragged lower by losses at conglomerate General Electric and home improvement store Home Depot. Home Depot Inc. slipped 2.6% after a negative comment by Prudential Equity Group. At the same time, the tech-heavy Nasdaq was pushed to the upside, led by Apple Computer, rising nearly 1%.
Elena
13 Oct, 2006
New York City
Although the large-caps spurted leading the Sensex to its all-time high, the overall market-breadth remained negative. Small-caps and mid-caps suffered heavy selling pressure. Market sentiment was upbeat on expectations for robust second-quarter corporate earnings results. Reliance Communications led the rally, HDFC Bank and BHEL surged. Reliance Industries closed all time high. Bajaj Auto and Tata Steel led the decliners.
Elena
13 Oct, 2006
New York City
U.S. stock markets opened below the unchanged mark as investors reacted to a report showing an unexpected drop in September retail sales and an inline-with-estimates earnings report from General Electric failed to inspire. The Commerce Department reported 0.4% decline in retail sales last month, largely due to a 9.3% drop in spending on gasoline.
Ivaylo
13 Oct, 2006
New York City
With oils improving and most miners higher, the FTSE 100 is still trading in positive territories, despite losses in the banking sector. A rally for oil prices on Friday helped the energy sector higher, with BP and BG Group at the forefront of the advance. In the volatile mining sector, BHP Billiton and Kazakhmys also notched up considerable advances. At 2:22 pm GMT, the FTSE 100 was 24.60 points, or 0.40% higher, at 6,145.90.
Elena
13 Oct, 2006
New York City
Stock market futures were steady after industrial bellwether General Electric released in-line-with-estimate Q3 results. GE reported Q3 profit growth of 6% to 48 cents a share, up from 44 cents a year ago, boosted by strong orders across the company. Revenue climbed 12% to $40.86 billion from $36.37 billion. The company projected 2006 earnings in the range of $1.97 to $1.99 a share, above the expected $1.98 a share.
Ivaylo
13 Oct, 2006
New York City
Asian stocks surged on Friday, with the Nikkei in Japan closing at a five-month high as investors purchased Sony Corp., Toshiba Corp., and other blue chips. Shares in South Korea also hogged the spotlight after upbeat earnings reports from large U.S. companies boosted expectations of a strong showing by their Asian counterparts. Hong Kong, shares also ended higher ahead of Industrial & Commercial Bank of China initial public offering.
Ivaylo
13 Oct, 2006
New York City
In Europe, a number of banking stocks fell as investors resorted to profit taking. Banca Intesa and Sanpaolo IMI, prospective Italian merger partners, were both lower in spite of the boards of both companies approving the merger. French cosmetics company L''Oreal and some weakness in the resource sector helped also offset technology stock gains. By mid morning, the FTSE 100 in London was little changed, the CAC 40 in Paris was 0.1% lower and Frankfurt Xetra Dax also remained also flat.
Ivaylo
13 Oct, 2006
New York City
The energy markets have bounced back a bit. There appears to be limited downside in petroleum markets below the recent lows which might be helping gold stabilize. Also, the dollar is a little bit softer and the euro had risen late Wednesday, after the U.S. trade deficit reached another record. Palladium and copper bucked the upward trend and declined.
123jump.com Staff
12 Oct, 2006
New York City
Market maintained positive trend right at the opening. Positive momentum generated from the rising earnings from Costco, Yum brands and Harley Davidson supported market advance. Market ignored the record trade deficit registered in the month of August. Trade deficit with OPEC and China registered one half of total deficit.
123jump.com Staff
12 Oct, 2006
New York City
Market averages manitanied a positive bias when less than two hours of trading is left. Advancers led the decliners by a marging of two to one on NYSE. Costco gained on 8% on earnings news. Harley Davidson beat the earnings estimates of $1.10, stock jumped 2%.
