Ivaylo
16 Aug, 2006
New York City
Asia ended on a positive note after milder-than-expected U.S. inflation data gave hope that interest rates would continue to hold steady. Investors are still waiting for consumer price data which will come out tonight.Other markets around the region also finished higher including South Korea, China, Australia, Taiwan and Singapore. Only Malaisia bucked the trend and finished lower.
Ivaylo
16 Aug, 2006
Frankfurt
The fall came despite encouraging overnight gains on U.S. markets and strong trading in Asia, especially Japan closing above 16,000 for the first time since May and boosting domestic and export stocks. On a relatively quiet day for European corporate earnings, US consumer price inflation data due to be released later in the session could provide further clues as to whether US interest rates have peaked.
Ivaylo
16 Aug, 2006
Metals
Gold fell as news broke that wholesale core inflation unexpectedly fell in July. Wholesale prices including food and energy also came in below expectations, suggesting that inflation pressures may be easing.Silver and Copper also fell, while platinum and palladium gained.
123jump.com Staff
15 Aug, 2006
New York City
Market opened in the upbeat mood and closed with more than 1% gain. Dow rose 1.2%, Nasdaq advanced 2.2% and S&P 500 gained 1.3%. Core rate of wholesale inflation in July fell unexpectedly sparking a broad rally. Wal-Mart reported its first decline in earnings in ten years. Wal-Mart earnings fell 26% from a year ago but the company kept its earnings forecast for the year. Home Depot earnings rose 5.3%. Existing-home sales fell 7% in the second quarter.
Elena
15 Aug, 2006
New York City
European averages posted solid gains Tuesday as benign U.S. inflation data cheered investors, bringing them back into the market. Among leading gainers, Hennes & Mauritz gained 3.6% and Sanofi-Aventis rose 2.5%. The German DAX 30 surged 1.5%, the French CAC 40 climbed 1.4%, and London FTSE 100 rose 0.5%.
Elena
15 Aug, 2006
New York City
Stocks continued to trade higher on benign inflation report. Among computer hardware stocks, Dell rose 3% after the company announced the recall of 4.1 million notebook computers to replace batteries made by Sony because of a risk of fire. Shares of Home Depot added 2% on strong earnings, while Wal-Mart lost 2% after the retailer posted its first profit decline in a decade.
Elena
15 Aug, 2006
New York City
Stocks rallied at opening as weaker-than-expected July PPI renewed hopes the Fed Reserve will not raise interest rates in the short term. The Labor Department said prices at the wholesale level edged up by 0.1% in July, the smallest amount in five months as falling food prices helped offset higher energy costs.
Elena
15 Aug, 2006
New York City
Stock futures were mixed on mixed profit reports from retail giants and cautiousness ahead of inflation data. Wal-Mart Stores posted its first profit decline in a decade, with Q2 earnings falling 26% to 50 cents per share from 67 cents a year ago due to a hefty $863 million charge related to the sale of its German stores. The Home Depot reported a 5.3% jump in Q2 earnings to 90 cents a share, up from 82 cents a share a year ago on 16.7% revenue growth.
Elena
15 Aug, 2006
New York City
After a year-long bidding war with Inco Ltd., Xstrata said it succeeded in taking control of Falconbridge. In accordance with its plans, Xstrata extended its revised all-cash C$62.50 a share offer until Aug. 25 to ensure full control of Falconbridge after its shareholders approved the tie-up on Monday.
Ivaylo
15 Aug, 2006
New York City
Low volumes assited price volatility in Japan, where relatively flat indexes concealed large stock moves. Honk Kong also fell, as trading was muted due to investors awaiting U.S. inflation data, due later this week. South Korean markets were closed for the Independence Day holiday. Australian markets also decline. The Shanghai Composite in China was the only gainer.
Ivaylo
15 Aug, 2006
Frankfurt
Profit taking was the reason behind the falls after the strong session on Monday. The high-flying miners and engineers which supply machinery and services to them, were the worst hit by profit taking. Drugs stocks offered the market some support.The FTSE 100 in London fell 0.3%, while Xetra Dax in Frankfurt fell 0.3%, while in Paris, the CAC 40 shed 0.1%.
Ivaylo
15 Aug, 2006
Metals
Gold futures ended near a three-week low on Monday, following a steep decline in crude prices as an Israeli-Hezbollah cease-fire came into effect and the British government downgraded its terror threat.With Iraq, though, still on the verge of civil war, and Iran and North Korea nuclear policies a cause for concern, geo-political tensions are still extremely highand might bring about a gold rally.
123jump.com Staff
14 Aug, 2006
New York City
Market averages lost early momentum as fresh questions arose on the durability of the recently brokered cease-fire in the Middle East. Oil and gold dropped, sparking a broad rally in the early hours of trading. As trading progressed investors worried about the inflation report on Tuesday. In Tokyo, Japan power cut halted trading for several hours but market closed 1.9% higher. Major European markets closed higher.
Elena
14 Aug, 2006
New York City
European markets finished steeply in the positive, reflecting a significant decline by the price of oil and reduced measures at U.K. airports. Among leading gainers were airline stocks which recovered on the news of the day. British Airways advanced 1.9%, while Lufthansa rose 2%. The French CAC 40 climbed 1.2%, the German DAX 30 rose 1.1%, and London FTSE 100 gained 0.9%.
Elena
14 Aug, 2006
New York City
Market averages rallied Monday morning. The Dow was helped by heavy equipment maker Caterpillar which rose 1.7%, jet maker Boeing which was up 1.3% and diversified manufacturer United Technologies, up 1.5%. Financial stocks also showed significant strength, with Schwab Corp. rising 1.7% and Ameritrade, up 1.9%. Shares of Whole Foods Market jumped 6% on news the stock was undervalued and poised to improve.
