Ivaylo
03 Aug, 2006
Metals
Middle East tensions are playing a factor, along with relative weakness in the dollar. Tuesday''s breakdown in the U.S. dollar index played a key role in watching the near term for the precious metals markets. The dollar-denominated gold trades both as a commodity and a currency. It is a reserve currency and when the dollar is going down, central banks are prone to buying.
123jump.com Staff
02 Aug, 2006
New York City
As market reached close Dow gained 74 points , Nasdaq was up 17, and S&P rose 8. Positive earnings from P&G, Time Warner, MasterCard, Blue Nile, and Cognizant supported market advance. P&G, aided by price increases, reported positive earnings of more than 4%. Time Warner posted positive earnings of 24 cents versus a loss of 9 cents a year ago. AOL lost close to a 1 million subscribers in the quarter. Oil gained 90 cents to close at $75.81.
Elena
02 Aug, 2006
Frankfurt
European markets finished Wednesday session sharply higher, boosted by positive profit outlook from Danone and Cadbury Schweppes, as well as strong gains on Wall Street. British confectionery maker Cadbury Schweppes jumped 3.2%, while Food group Danone rose 4.4%. The German DAX 30 surged 1.5%, the French CAC 40 soared 1.6%, and London FTSE 100 climbed 0.9%.
Elena
02 Aug, 2006
New York City
Cigna, insurance provider, rose 11% after the company reported Q2 earnings of $2.31 per share, exceeding analyst estimates of $1.94 per share. MasterCard, global payment solutions company, reported it lost $2.30 a share, compared to net income of 89 cents a share in the year-ago period. Excluding items, the company earned 74 cents a share, beating estimates of 62 cents a share. Company''s shares climbed 10%.
Elena
02 Aug, 2006
Mumbai
The Indian benchmark index notched a third consecutive day of gains thanks to strong buying in blue-chip stocks in the closing hour of trade. Small-cap and mid-cap stocks helped the market-breadth to consolidate in the last hour of trading. Tata Motors and Tat Steel led the gainers, together with BHEL and NTPC. Cement stocks also performed well. Maruti Udyog and ICICI Bank led the decliners. A planned merger between Essar and local mobile telephone unit Hutchinson in Mumbai has been called.
Elena
02 Aug, 2006
New York City
Stocks advanced at opening on better-than-anticipated results from Time Warner, although climbing oil prices limited early gains. Time Warner rose 3% on $1 billion profit in Q2. Procter & Gamble climbed 4% on 36% profit rise in Q4. Ford Motor Co. gained 2.9% on reports that the company launched a strategic review of ailing business units that could lead to a sale of those divisions or broader strategic alliances with other automakers.
Elena
02 Aug, 2006
New York City
U.S. stock futures pointed to a bullish start, with Time Warner and Procter & Gamble reporting higher-than-expected quarterly results. Time Warner Inc. reported a Q2 profit of $1 billion in contrast to a loss of $409 million a year earlier, citing cable TV business growth. Revenues edged up 1% to $10.7 billion. P&G said its Q4 profit grew 36% to 55 cents per share from 52 cents per share last year on 25% revenue increase.
Elena
02 Aug, 2006
New York City
The Wall Street Journal said the deal may be worth more than eight billion euros, or $10.26 billion, citing people familiar with the matter. Since 2005 Philips has been seeking a separate legal structure for its chip unit, which had 2005 sales of 4.62 billion euros, or $5.8 billion and makes products for mobile phones and cars.
Ivaylo
02 Aug, 2006
New York City
Stocks declined in morning trading as U.S. stocks t fell overnight after worries about inflation sent stocks down in New York for a second straight day. In Japan, stocks rebounded moderately as investors traded pulp-paper, pharma and beer company stocks amid a takeover battle among two Japanese paper manufacturers. Oji Paper of Japan began a hostile bid for Hokuetsu Paper Mills in a deal that would create the world No. 5 paper maker.
Ivaylo
02 Aug, 2006
Frankfurt
European markets gained ground on Wednesday brushing off the interest-rate rise worries that pressured U.S. markets to a lower finish overnight. Strong earnings outlooks from companies such as Danone and Cadbury Schweppes helped the rise as well as the results from Credit Suisse and BNP Paribas. The U.K. FTSE 100 index gained 0.5%, the German DAX Xetra 30 index rose 0.7% and the French CAC-40 index climbed 0.8%.
Ivaylo
02 Aug, 2006
Metals
The dollar had lost ground and suggested a strong round of buying in gold. The growing tension between Israel and Hezbollah also made prices rise. Silver rose to a high, before settling down, but was up on the day. Copper futures failed to take out the peak on Monday, its best level since July 19. Crude oil finished on the rise too.
123jump.com Staff
01 Aug, 2006
New York City
Fears of inflation were back on market with the release of consumer spending report. Commerce Department reported that consumer prices are up 2.4% from a year ago so far for this year, highest since inflation rate in April 1995. Another month and another loss of a market share for domestic auto makers. Ford and Chrysler reported a steep decline in auto sales in July from a year ago. Oil climbed back above $75 per barrel. Vodafone refused to sell its take in Verizon back to the company.
123jump.com Staff
01 Aug, 2001
New York City
Fears of inflation were back on market with the release of consumer spending report. Commerce Department reported that consumer prices are up 2.4% from a year ago so far for this year, highest since inflation rate in April 1995. Another month and another loss of a market share for domestic auto makers. Ford and Chrysler reported a steep decline in auto sales in July from a year ago. Oil climbed back above $75 per barrel. Vodafone refused to sell its take in Verizon back to the company.
123jump.com Staff
01 Aug, 2006
New York City
Fears of inflation were back on market with the release of consumer spending report. Commerce Department reported that consumer prices are up 2.4% from a year ago so far for this year, highest since inflation rate in April 1995. Another month and another loss of a market share for domestic auto makers. Ford and Chrysler reported a steep decline in auto sales in July from a year ago. Oil climbed back above $75 per barrel. Vodafone refused to sell its take in Verizon back to the company.
Elena
01 Aug, 2006
Frankfurt
European markets finished steeply lower on interest rate concerns and mixed earnings reports. Among movers, Dutch telecom KPN climbed 5.6%, Deutsche Bank shares fell 4.7%, and low-cost airline Ryanair also dropped 3.5%. The German DAX 30 slid 1.5%, the French CAC 40 fell 1.2%, and London FTSE 100 lost 0.8%.
