Ivaylo
11 Aug, 2006
Frankfurt
The losses were inspired by the revealing of the terrorist plot to bomb transatlantic flights. European stocks tracked U.S. markets, which managed to recoup early losses as traders ignored the bomb worries. The FTSE 100 in London added 0.2%, the Xetra Dax in Frankfurt was up 0.55, and the CAC-40 in Paris moved up 0.6%.
Ivaylo
11 Aug, 2006
Metals
Gold faced selling as market players moved their money out of commodities and into cash bonds. In addition, gold had difficulty recovering, with weakening oil prices providing additional downward pressure. Silver futures were in line with sell-off of gold as the most-traded September contract settled lower.
123jump.com Staff
10 Aug, 2006
New York City
As market reached close Dow gained 40.74 points, Nasdaq was up 10.33, and S&P rose 5.30. Stocks fell in morning trading after a terror plot aimed at three airlines was foiled by local authorities. Motivated by falling oil prices and strong earnings, the market recovered slightly in the afternoon. Target announced better than expected Q2 earnings of 70 cents a share up from 61 cents a share in the year-earlier. Expedia reported Q2 earnings of 27 cents a share up from 22 cents a share a year ago.
Elena
10 Aug, 2006
Frankfurt
European averages finished sharply down, pressured by weakness in the airline and telecom sectors. British Airways fell 5.1%, EasyJet lost 2.1%, and Ryanair was down 1.5%. Travel company TUI dropped 4.1% and Air France-KLM fell 3%. The German DAX 30 was the biggest decliner, down 1.3%, followed by the French CAC 40, down 1%, and London FTSE 100, down 0.6%.
Elena
10 Aug, 2006
New York City
Stocks traded above the flat line despite the terror plot targeting commercial airliners. Strong earnings lifted sentiment. Target Corp. rose 4% after reporting Q2 net income rose to 70 cents a share from 61 cents a share on sales growth. Same-store sales climbed 4.6%. Viacom''s Q2 profit jumped 23%, helped by the acquisition of DreamWorks. Shares of the company rose 7.5%.
Elena
10 Aug, 2006
Mumbai
The market, which was firm in the first half of Thursday''s session, slipped lower, tracking weak global indices. The benchmark index ended almost flat after witnessing intense volatility throughout the day. Tea plantation shares soared today, boosted by reports of a surge in tea exports in June 2006. Cement stocks witnessed renewed buying. HDFC and Hindalco were the top gainers, while decliners included Bajaj Auto and Ranbaxy.
Elena
10 Aug, 2006
New York City
The Department of Commerce reported that the trade deficit narrowed to $64.8 billion in June from a revised $65.0 billion in May as an increase in exports outpaced an increase in imports. Economists had expected the deficit to widen to $64.5 billion. In another report, the Department of Labor said that jobless claims rose above analyst estimates to 319,000 from the previous week''s revised figure of 312,000.
Elena
10 Aug, 2006
New York City
U.S. stocks futures dropped Thursday, following reports of a terrorist plot to blow up aircraft in flight between Britain and the U.S. Shares of airlines slipped on the news, with Continental Airlines falling 3.1%. Insurance giant American International Group reported Q2 profit dropped 29% to $1.21 per share, down from $1.71 a year ago.
Elena
10 Aug, 2006
New York City
Shares of U.S. airline companies trading in Europe tumbled. American Airlines parent AMR Corp. fell 12.8% to 17.68 euros. Shares of UAL Corp., the parent of United Airlines, fell more than 4% to 18.32 euros. British Airways PLC made the steepest decline among European airlines, falling 3.9%.
Ivaylo
10 Aug, 2006
New York City
Selling pressure in Japan was eased somewhat by corporate-goods-pricing data out in the morning, indicating a larger-than-expected year-on-year rise of 3.4%.The figures point to strong demand and robust corporate activity. The markets in Hong Kong and South Korea also sank. Shanghai Composite was the only index to buck the downtrend.
Ivaylo
10 Aug, 2006
Frankfurt
Britain lifted its security threat level which means it anticipates an attack imminently. Strength in the euro and a late sell-off on U.S. markets as the price of oil climbed also weighed on European stocks. The FTSE 100 in London dipped 1.4%, the Xetra Dax sank 2.1% and the CAC-40 fell 1.5%.
Ivaylo
10 Aug, 2006
Metals
The strike at Escondida looks set to continue indefinitely as workers broke off contract talks with mine management on Wednesday. Copper is on track to test its highs reached in May around the $4 level. Gold futures settled higher Wednesday in New York amid a weak U.S. dollar.
123jump.com Staff
09 Aug, 2006
New York City
As market reached close Dow lost 87.25 points, Nasdaq was up 0.78, and S&P declined 4.39. Indexes lost points due to volatile oil prices and worries over Feds raising interest rates again. Nasdaq, the only gainer in late afternoon trading, was bolstered by decent earnings from Cisco and Walt Disney. Cisco reported earnings of 25 cents a share compared to 24 cents a year ago. Disney reported Q3 earnings of 53 cents a share compared to 39 a year earlier. Oil gained 4 cents to close at $76.35.
Elena
09 Aug, 2006
Frankfurt
European markets finished steeply higher, boosted by gains on Wall Street, as well as strength in the technology and automotive sectors. French telecom-equipment maker Alcatel rose 2.8%, and automaker Volkswagen gained 3.2% to help market higher. The French CAC 40 led European gainers, climbing 1.2%, followed by the German DAX 30, up 0.9%, and London FTSE 100, up 0.7%.
Elena
09 Aug, 2006
New York City
Oil prices jumped 59 cents to $76.90 a barrel after the Energy Department reported a 1.1 million-barrel decline in crude oil inventories and a week-over-week decline of 3.2 million barrels in gasoline stockpiles, exacerbating supply concerns after the shutdown of an oilfield in Alaska.
