Ivaylo
20 Sep, 2006
New York City
One can contend that expectations failed that the dollar would weaken on the back of higher interest rates, mixed with talk that inflation has moderated, is weighing on gold prices. Gold typically moves inversely to the dollar, and the metal is regarded as a hedge against inflation. Oil also fell on Tuesday.
Ivaylo
20 Sep, 2006
New York City
One can contend that expectations failed that the dollar would weaken on the back of higher interest rates, mixed with talk that inflation has moderated, is weighing on gold prices. Gold typically moves inversely to the dollar, and the metal is regarded as a hedge against inflation. Oil also fell on Tuesday.
123jump.com Staff
19 Sep, 2006
New York City
Market averages traded lower despite lower than expected wholesale inflation. Producer Price Index rose 0.1% but core index fell 0.4% for the month of August. Oil fell more than $2 on the news that OPEC may not have to cut the porduction in the coming years. Yahoo CEO said that financial and auto advertising is slowing dragging the stock 11% lower. Thai military launched a coup against the Prime Minister Thaskin.
Elena
19 Sep, 2006
New York City
The Thai coup news contributed to further market decline after being hit by a sharp drop in the pace of U.S. housing starts in August, down 6%, the lowest point in over three years. The Nasdaq composite index made the steepest decline by 22.55, or 1.01%.
Elena
19 Sep, 2006
New York City
European markets finished steeply in the red, despite benign U.S. wholesale inflation data and earnings-inspired gains. DaimlerChrysler lost 0.1% amid profit warning, while auto parts supplier GKN dropped 4.3% after UBS downgraded the company following DaimlerChrysler''s warning. London FTSE 100 dropped 1%, followed by the German DAX 30, down 0.9%, and CAC 40, down 0.6%.
Elena
19 Sep, 2006
New York City
Stocks traded in a lackluster fashion Tuesday morning with investors looking ahead to the Federal Reserve''s decision on interest rates on Wednesday. Steeper-than-expected decline in housing starts weighed on market sentiment. Napster jumped 14.9% after the company said it hired UBS Investment Bank to
Elena
19 Sep, 2006
New York City
Benchmark index retreated today, slipping below the psychological 12,000 level. The decline was across the board in volatile trading. In the final hour of trading, the Sensex fell sharply due to profit-takking. Tata Motors led the decliners, Cipla, Maruti and Grasim also fell. Satyam, TCS and Dr Reddy
Elena
19 Sep, 2006
New York City
U.S. stocks opened flat Tuesday after upbeat producer-prices data helped ease inflation fears, but another report showed a sharper-than-expected slowdown in home building, a day before the Fed Reserve announces its interest-rate decision. Tech stocks opened lower, though shares of Oracle Corp gained 1% ahead of releasing its Q2 results.
Ivaylo
19 Sep, 2006
New York City
There is not any huge volatility shown but volumes are low across the board and a lot of people are waiting ahead of the data and the Fed. The market also reacted negatively to a speech by the head of the International Monetary Fund in which he warned further oil price increases and global economic imbalances. British Energy led the decliners and shares in miner Kazakhmys plunged. By mid-day, the FTSE was off 44.2 points, or 0.75%.
Elena
19 Sep, 2006
New York City
Stock futures were flat following an unexpected decline in core wholesale level inflation. U.S. producer prices rose by a smaller-than-expected 0.1% in August, while the core rate of the producer price index fell 0.4%, the largest drop since April 2003. Economists had expected a 0.3% gain in the August PPI and 0.2% rise in the core rate.
Elena
19 Sep, 2006
New York City
The deal is expected to complete late this year or at the beginning of 2007, pending regulatory clearance and the approval of Symbol stockholders. The transaction is expected to considerably advance Motorola''s enterprise mobility strategy. Symbol jumped 15.4% in pre-market trading, while Motorola rose 0.4%.
Ivaylo
19 Sep, 2006
New York City
The Japanese market was responding to regional gains in the morning on Monday but fell back in line with the precarious mood in the afternoon. The Nikkei Average finished slightly higher, with Hitachi and Sony shares dropping as faulty products impacted negatively their outlooks. Hong Kong, Australia, Taiwan and South Korea also declined and only China bucked the downtrend.
Ivaylo
19 Sep, 2006
New York City
European stocks were little changed on Tuesday, as investors tracked U.S. cautious finish yesterday ahead of U.S. Federal Reserve interest rate meeting this week, despite positive results from miner Kazakhmys and the Bank of Ireland helped to limit downside. The U.K. FTSE 100 index was firm, the German DAX Xetra 30 index edged down 0.1% and the French CAC-40 index was flat.
Ivaylo
19 Sep, 2006
New York City
Gold settled on a positive note, and after the deep correction, it is not totally unexpected, but it is too soon to tell if this is a point where the market starts stabilizing or if it is just a pause in the correction. The swiftness by which the implosion in gold prices brought the market to bargain-basement levels also encouraged some speculators to move back in with a bit of added confidence.
123jump.com Staff
18 Sep, 2006
New York City
Market averages failed to overcome rising oil price and news of widening current account deficit. In the early trading session merger and buyout news dominated trading. In the afternoon trading rise in oil price kept market averages in check. Oil gained 0.8% and gold rose near $10. Asian and Latin American markets rose across both regions. Home builders confidence fell to fifteen year low.
