Elena
16 Jan, 2007
New York City
U.S. stocks turned lower in morning trading, with investors focused on the first wave of Q4 earnings, weak forecasts from Symantec Corp., and further falling crude oil prices. Intel weighed the most on blue-chip stocks, falling 1% ahead of earnings report after market close. Exxon Mobil also pressured the Dow, losing 1.3% on weak oil prices. Tech shares came under pressure as Symantec slipped 8.5% on disappointing earnings forecast. Cisco Systems also weighed, falling 2.7% on downgrade.
Elena
16 Jan, 2007
New York City
The market witnessed a subdued session, as the stocks in the Sensex showed different trends. Expectations of strong third quarter earnings season stocks in cement, auto and capital goods sector rose. Trading in Infosys and Reliance Industries was lack-luster during the day. BHEL led the advancers, together with ACC and Wipro, while HDFC led the decliners. India will lift the overseas commercial borrowing limit for an individual company to $22 billion from $18 billion.
Elena
16 Jan, 2007
New York City
U.S. stocks opened slightly higher Tuesday, paying little attention to a weaker-than-expected manufacturing report for the New York region and a profit warning from software maker Symantec Corp. The Internet security software maker fell 7.6% after it warned that 2007 profit will come below analyst expectations. In addition, home builder Centex Corp. also warned its Q3 results would miss expectations. Chip maker Intel Corp. is expected to release its results after the closing bell.
Ivaylo
16 Jan, 2001
New York City
The UK market came off session lows to trade slgihtl lower by midday on Tuesday, as investors responded in a measured way to news that UK inflation has reached its higher level in a decade. Consumer price inflation rose its highest level in December since comparable records began 10 years ago. Miners and retailers were worst hit by the news. Lonmin, Home Retail and Kingfisher were in the red. Smiths Group led the advancers on its deal with GE. The FTSE 100 dipped 0.19% to 6,252 at by midday.
Elena
16 Jan, 2007
New York City
Wells Fargo & Co. posted net income rise of 13% to 64 cents a share, up from 57 cents a share a year ago on 11% revenue increase. Quarterly earnings met analyst expectations, while the revenue came in above average estimates. Company''s shares gained 1.4%. Forest Laboratories said Q3 profit rose 28% on a 16% sales growth. The pharmaceutical company earned 78 cents a share, compared with a profit of 57 cents a share last year on 18% revenue increase. The stock jumped 3.7% in pre-market trading.
Elena
16 Jan, 2007
New York City
U.S. stock market futures traded modestly higher after the long holiday weekend. Deal news from General Electric and economic data, expected to show improving New York-area manufacturing sentiment were in focus. The market also awaited another batch of earnings reports, with Wells Fargo and Freeport McMoRan Copper and Gold on deck. Intel, which is due to release its Q4 results after the close of trade, is expected to post 25 cents a share.
Ivaylo
16 Jan, 2007
New York City
Most Asian markets ended slightly lower Tuesday as banks across the region dipped after advancing strongly in the earlier sessions, while gains in technology stocks helped counter banking sector losses. In Japan, stocks declined slightly as profit-taking pressured such stocks as car makers and banks. Shares in HK ended slightly lower after gains in the last two sessions. In South Korea, Korean Air led decliners, but the stock market ended only marginally lower. Australia ended flat.
Ivaylo
16 Jan, 2007
New York City
European markets were lower on Tuesday ahead of the re-opening of US markets after a long weekend, with a decline in miners including Lonmin offsetting strength in the technology sector. Metal producers were also hit as base metal prices dropped due to rising supply, while gold slipped after hitting a two-week high in the previous session. In early trade, FTSE 100 in London shed 0.3%, Frankfurt Xetra Dax was fractionally lower, the CAC 40 in Paris was unchanged.
123jump.com Staff
03 Jan, 2008
New York City
European markets fell across the board as 13 largest markets in the region declined. bucking the trend UK rose 1%. DSG International, electronics retailer fell 25% in London trading after same store sales declined and it issued profit warning. Navigation device maker TomTom fell 7% after sales declined at DSG. Airlines fell after oil crosssed $100 a barrel in intra-day tradng. E.On gained after Lehman said it mat boost its price target and Inmarsat fell 7% on Merrill Lowered its rating.
123jump.com Staff
15 Jan, 2007
New York City
Asian, European and Latin Markets around the world rose on rising oil price and higher metal prices in London trading. Several European exchanges closed at a six-year high. Oil, gold and copper closed near flat level but displyed a positive sentiment. GE agreed to buy European Aerospace company Smith Group for $4.8 billion. U.S. markets were closed for public holiday.
Elena
15 Jan, 2007
New York City
European markets closed notably higher on Monday, hitting six-year highs, boosted by strong commodity sector and merger-and-acquisition news. Commodity stocks were in the spotlight, drawing some investor attention after recent oil price weakness. Among oil producers, Statoil rose 4% in Oslo trade, Royal Dutch Shell gained 1.2%, while BP added 0.5%. The U.K. FTSE 100 index rose 0.4%, the German DAX 30 added 0.4%, and the French CAC-40 increased 0.2%.
Elena
15 Jan, 2007
New York City
Sensex reached higher on broad buying in large cap stocks. Steel, software, pharma and engineering stocks were in favor. The rally was sparked by a rise in Reliance Industries to record level. Tata Steel led the advancers today, together with Reliance Energy and HDFC Bank. The decliners on BSE were led by Hero Honda, Maruti, BHEL and ITC. SEBI announced today it is likely to permit short-selling of stocks as early as this year.
Ivaylo
15 Jan, 2007
New York City
Smiths Group rallied after it agreed to sell to General Electric for $4.8 billion in cash. Following the disposal, it proposes to return 2.1 billion pounds to shareholders. Other aerospace stocks advanced in sympathy, with BAE, Rolls-Royce and Cobham higher. Investors favored also oil companies as crude prices edged higher after recent losses. BP, Cairn Energy and Royal Dutch Shell all moved higher. By mid-afternoon, the FTSE 100 gained 26 points, or 0.42%, at 6,266.
Ivaylo
15 Jan, 2001
New York City
Asian markets finished higher on Monday, as banks led advancers in Japan on speculation that the Bank of Japan will hike interest rates, while Chinese financials helped the market to notch its biggest one-day increase in more than a year. In Hong Kong, the benchmark index rebounded, boosted by broad gains in the Chinese and Japanese stock markets and in South Korea, Samsung Electronics and Posco supported the rally of the market. Australia advanced slightly.
Ivaylo
15 Jan, 2007
New York City
European shares advanced in early trading on Monday, supported by strength in the commodity sector and by gains from Smiths Group after that company agreed to sell its aerospace operations to General Electric for $4.8 billion. The commodity sector gains came as some investors look to go back into the sector after recent oil price weakness. In early trade, FTSE 100 in London added 0.5%, Xetra Dax in Frankfurt gained 0.5% and the CAC 40 in Paris rose 0.4%.
