Ivaylo
13 Sep, 2006
New York City
Gold and silver futures couldn''t hang onto early gains and finished lower again on Tuesday, with selling coming from short-term speculators and supported by the continuing drop in crude oil. A rebound in the dollar and a following decline in crude oil prices led to a lower close for copper.
123jump.com Staff
12 Sep, 2001
New York City
Market averages surged close to 1% on a 3% drop in oil. Oil fell $1.85 to close at $63.76. Nasdaq rose 1.96%, S&P gained 1.04% and Dow advanced 0.9%. HP reported that CEO Mark Hurd will replace Patricia Dunn as Chairman of the Board in January. Goldman Sachs reported earnings that fell below expectations but stock surged 5% with other brokeage stocks advancing. U.S. trade deficit widened to $68.04 billion on record price of oil import. Exports declined.
Elena
12 Sep, 2006
New York City
European markets posted solid gains Tuesday, boosted by strength in the technology sector and positive mood on Wall Street following strong quarterly results at Goldman Sachs. Chip maker Infineon Technologies advanced 4.2%, while STMicroelectronics jumped 4.5%. The German DAX 30 and the French CAC 40 both jumped 1.3%, while London FTSE 100 rose 0.8%.
Elena
12 Sep, 2006
New York City
On the economic news front, the Commerce Department said that U.S. trade deficit widened by 5.0% in July to a record $68.0 billion. The trade deficit was above the consensus analyst forecast of a deficit of $65.4 billion.
Elena
12 Sep, 2006
New York City
Banks and technology stocks were the backbone of the reversal from weak market to rally by the benchmark index in the second half of trading session today. What gave momentum was the strong data on July industrial production released by the government. Reliance Industries, TCS, Infosys and SBI led the advancers. Finance Minister Chidambaram stated that high industrial growth will not necessarily affect interest rates and he expects foreign investments from Japan and the U.S. to rise.
Elena
12 Sep, 2006
New York City
U.S. stocks opened on a positive note Tuesday as better-than-anticipated quarterly earnings from Goldman Sachs helped offset news of a record trade deficit in July. Investment bank Goldman Sachs said its fiscal Q3 profit fell 1% from a year ago, to $3.26 a share on revenue $7.46 billion, but exceeded expectations of earnings of $2.97 a share on revenue of $7.17 billion.
Ivaylo
12 Sep, 2006
New York City
The market initially declined after four gunmen attacked the U.S. embassy in Damascus on Tuesday, but the quick solution to problem, leaving staff unscathed, soothed sentiment. The prospect of more stable commodity prices brought marketmen back to trading. BHP Billiton and Rio Tinto advanced, though smaller mining companies such as Antofagasta and Kazakhmys extended losses. By mid-day GMT, the FTSE was up 0.1%.
Elena
12 Sep, 2006
New York City
U.S. stock market futures were sitting near the flat mark Tuesday morning after news of a failed attack on the U.S. embassy in Syria and data showing wider-than-expected trade gap. Yet, upgrades in the technology sector and a rise by the shares of Goldman Sachs helped offset worries about Texas Instruments Inc.''s Q3 forecast.
Elena
12 Sep, 2006
New York City
The company forecasted total sales in the range of $3.71 billion to $3.87 billion, compared with its previous estimate of $3.63 billion to $3.95 billion. It projected earnings per share between 44 cents and 46 cents compared to its previous outlook of 42 cents to 48 cents.
Ivaylo
12 Sep, 2006
New York City
Asian shares closed mostly lower on Tuesday as a plunge in commodity prices pushed lower oil and mining shares like PetroChina and BHP Billiton, while Japanese industrials including Komatsu cannot still convalesce from weak machinery-order data. Japanese markets turned lower in the afternoon on data showing that consumer confidence declined in August. Only the benchmark index Hang Seng in Hong Kong and Shanghai Composite Index closed higher.
Ivaylo
12 Sep, 2006
New York City
The stocks had briefly slipped into the red on news of a thwarted attack on the US embassy in Syria. The strong performance in the technology sector outweighed concerns over the plummeting oil prices leading the energy sector down. By mid-morning, the FTSE 100 in London was flat, the Xetra Dax in Frankfurt rose 0.2% and the Paris CAC-40 gained 0.2%.
Ivaylo
12 Sep, 2006
New York City
The moves accelerating when chart-based selling was triggered. Silver suffered especially hard after the metal had outperformed gold at times over the summer but has now plunged below a key uptrend line. A couple of the contacts cited momentum-based selling of metals after prices also declined late last week, with funds said to be among those liquidating long positions.
123jump.com Staff
11 Sep, 2006
New York City
Three popular averages rose as oil fell. Shares of Dell fell on delays to Q2 earnings filing, suspension of stock buybacks, and accounting probes by the SEC. The company
123jump.com Staff
13 Aug, 2008
New York City
Mumbai stocks fell after advisory panel to prime minister indicated a need for a tighter monetary policy. Inflation is likely to persist at or above 11% for the rest of the year before dropping below 9% in the first quarter of the next year. Separately, the finance minister indicated economic growth in the current fiscal year to be at 8%, higher than estimated by private economists. Tata Steel and Vietnam form a joint venture to build 4.5 million ton steel plant with $5 billion investment.
123jump.com Staff
13 Aug, 2008
New York City
The Bank of England lowered its economic growth estimate for UK economy to 0.1% from 1% in the first quarter of 2009. The lowered economic expectations dragged British pound to the lowest level in nearly two years. Interest rates are likely to fall in the coming months as economy falters. Financials fell after ING reported a earnings fall of 28%. Barclays, Royal Bank of Scotland and HSBC declined.
