123jump.com Staff
22 Aug, 2006
Frankfurt
European markets closed higher led by a fractional rise in Germany, France and Switzerland. U.K. and norway had fractional losses. Insurance and auto maker stocks declined after German economic research institute reported growing pessimism for the economic expansion in the year 2007. The German and Italian taxes are expected to rise in the year. Swiss tor operator Kuoni reported better than expected first half result.
123jump.com Staff
22 Aug, 2006
Frankfurt
Market averages in Europe closed mostly higher, despite widening belief that European economy will slow down in the next year. European nations have been struggling with stagnant growth for the last five years and already economic growth expectations are scaled back for the next year. German VAT is expected to rise to 19% from 16% next year. Industrial orders in Euro zone fell by 2.5% in June.
123jump.com Staff
22 Aug, 2006
New York City
Market averages retained positive bias at mid-day trading. Dow up 17 points, Nasdaq up 10 points and S&P 500 up 4 points. Former star banker Frank Quattrone settles with the governmet allowing the case to be dismissed without third trial. Toll Bros. reported earnings decline of 19%. European markets closed fractionally higher led by France and Germany.
123jump.com Staff
22 Aug, 2006
Mumbai
BSE Index of 30 stocks fell at close. In the morning trading market averages rose in line with other Asian markets but failed to make a headway in the final hour of trading. Volatilite trading in the last hour led blue-chips to decline, leading to an overall negative market-breadth. Refinery stocks, as well as auto shares, plunged, weighed down by the rising oil prices. Pharma stocks, select information technoligy, cement and exporters also lost. Indian rupees falls to 44.49 to a dollar.
123jump.com Staff
22 Aug, 2006
New York City
Market averages pointed in the positive column in the first fifteen minutes of trading. Toll Bros. reported 19% lower earnings but managed to beat lowered guidance two weeks ago. Gold fell $4 in the early trading. Oil market is cautiously nervous as traders await official response from Iran.
123jump.com Staff
22 Aug, 2006
New York City
Market averages are expected to open lower. Toll Brothers reported third quarter earnings per share of $1.07 vs. $1.27 on revenue decline of 1%. The company also reduced the number of lots it controls by 10% and lowered its earnings guidance for the year. Oil prices in European trading were near unchaged as traders awaited formal response from Iran.
Ivaylo
22 Aug, 2006
New York City
All major indexes gained on Tuesday, boosted by Japanese markets where blue-chip companies, Nikon and Honda managed to bounce back from losses in the previous session. Energy stocks also drew attention in the region, as crude-oil prices hovered above the $72-a-barrel level, rekindling hopes the sector was set for another upbeat earnings session in coming quarters.
Ivaylo
22 Aug, 2006
Frankfurt
A better-than-expected profit at U.K. house builder Persimmon helped the market too, along with the recovery of Asian bourses and steadier oil prices. The gains were mild however due to thin trading conditions. The U.K. FTSE 100 gained 0.2%, the German DAX 30 index edged up 0.3% and the French CAC 40 index advanced 0.4%.
Ivaylo
22 Aug, 2006
Metals
Union criticism of an improved contract offer at the world largest privately owned copper mine, shut down now by a strike, kept high-grade copper futures on the rise in New York on Monday. Gold advanced due to losses in the dollar, a rising crude-oil market and tensions surrounding uranium enrichment program of Iran.
123jump.com Staff
21 Aug, 2006
New York City
Rising oil prices, profit warning from Lowes and profit taking sentiment drove major averages lower at close. Lowes reported 60 cents earnings vs. 52 cents a year ago but lowered forecast for the year. Pilgrim Pride launched unsolicited offer at $1 billion for Gold Kist. Gold gained $13 and oil rose $1.20 on refusal from Iran to stop uranium enrichment process. SanDisk launched MP3 player at $249 with 8GB of storage. European markets closed lower. Russia repaid $23.8 billion ahead of schedule.
123jump.com Staff
21 Aug, 2006
Frankfurt
Oil rich Russia repaid $23.8 billion in debt to Paris Club creditors ahead of schedule with the prepayment penalty of $1.3 billion. The reversal of fortune is marked by a four-fold rise in oil price in the international market and annual economic expansion at more than 7% at home. Russia foreign debt stands at less than 9% of GDP, a significant decline from 96% in 1999. Moscow stock market rose 1.47%.
123jump.com Staff
21 Aug, 2006
New York City
The flash memory maker SanDisk today released MP3 player with 8GB of storage. The $249 deivce is likely to appeal to price conscious listeners with need for large storage. iPod from Apple, the current leader in the market, is not likely to face any serious erosion in sales. However, as new players with more features and cheaper prices are released, Apple may have to cut prices on several of its iPod models.
123jump.com Staff
21 Aug, 2006
Metals
Market aveerages spent most of the day in the negative zone. Gold jumped $13 in the trading on the news of refusal from Iran to suspend uranium enrichment. Gold, silver, copper and platinum rose in the metals trading in New York. Metals and mining stocks rose in New York and European trading. BHP Billiton, Newmont Mining and Phelps Doge gained on strong volume.
123jump.com Staff
21 Aug, 2001
Frankfurt
European stocks closed lower at close led by a rise in energy prices, weak trading in New York and fall in transportation and tech stocks. Autos, airlines and tech stocks lost on the first day of this week trading. Gold rose $10, oil gained 1% at close. Mining stocks rose in UK, energy stocks advacned in Norway and tech stocks in Germany and UK fell. Sweetened offer from BHP Billiton to striking miners in Chile was rejeected by their union leaders. Anglo American rose in the UK on breakup talk.
123jump.com Staff
21 Aug, 2006
New York City
Two large deals domninated merger news this morning. Glenborough Realty agreed to be acquired for $26 per share by funds managed by Morgan Stanley Real Estate. Pilgrims Pride made an unsolicited offer to buy Gold Kist at $20 per share. The stock of Pilgrim rose 6% and Gold Kist rose 50% on the news. Market averages at mid-day remain in the negative. European markets closed mostly lower on higher oil price.
