Ivaylo
31 Jul, 2006
New York City
The agenda this week will once again be dominated by earnings reports. Among major companies, Toshiba and Toyota Motor are due to report. The Nikkei 225 Average ended higher, in what is the benchmark third straight gain, as corporate results have been encouraging. Other indexes across the region also finished higher.
Ivaylo
31 Jul, 2006
Frankfurt
Dutch bank ABN Amro reported record-breaking second-quarter earnings, while Statoil fell, posting disappointing results and its stock slipped. By mid morning, London FTSE 100 shed 0.3%, while Frankfurt Xetra Dax lost 0.2%, and in Paris, the CAC 40 dropped 0.2%.
Ivaylo
31 Jul, 2006
Metals
Last week moves support the view that gold is building a strong base above $600 an ounce and the violence between Israel and Hezbollah continues to nurture some safe-haven buying. Participants in the gold market were aslo following the moves of crude oil, slipping at one point below the $73 a barrel mark amid talk of a cease-fire in the Middle East.
Elena
28 Jul, 2006
New York City
Coventry Health Care, health insurer, posted Q2 net income growth to 84 cents a share, up from 79 cents a share last year. Office Depot, office products retailer, reported Q2 profit rise of 18% to 41 cents a share from 31 cents a share a year ago. ITT Corp. said that Q2 net income increased 2.3% to 75 cents a share from 73 cents a share a year ago, with revenue rising 11%.
Elena
28 Jul, 2006
New York City
Stocks rallied at opening, following second-quarter GDP data release. The Commerce Department said GDP growth slowed to a 2.5% annual rate from 5.6% in the first quarter, feeding hopes that the Federal Reserve may not continue raising interest rates further. The GDP report said core consumer prices surged 2.9%, while the department''s employment cost index rose a stronger-than-forecast 0.9%.
Elena
28 Jul, 2006
New York City
Stock futures rose Friday morning as energy companies reported robust earnings growth. Chevron Corporation reported Q2 net income growth of $1.97 per share, compared with $1.76 per share in the year-ago period. Oil field services company Baker Hughes and independent oil and gas producer Anadarko Petroleum said quarterly profit soared, helped by surging crude oil prices.
Elena
28 Jul, 2006
New York City
Oil prices moved higher on Friday, on news that OPEC has no power to stop price surges caused by geopolitical tensions. In other Nymex trading Friday, gasoline futures remained steady at $2.2960 a gallon, while heating oil futures rose 0.75 cent to $1.9871 a gallon. Natural gas futures were up 4.5 cents to $7.168 per 1,000 cubic feet.
Elena
28 Jul, 2006
New York City
Asian-Pacific benchmarks finished mixed on Friday in a light trading session. The Japanese Nikkei advanced 1.07% to close up at 15,342.87 points, boosted by stronger-than-expected earnings from leading tech companies. Across the region, Hong Kong
123jump.com Staff
27 Jul, 2006
New York City
Market averages rallied in the early morning on better than expected gains on durable good orders in June. New home sales in June declined 3% and inventory of unsold homes rose 24%. ExxonMobil earnings jumped 36%. Aetna earnings declined.
Elena
27 Jul, 2006
New York City
European markets closed in the positive for a second day in a row, as earnings and sales reports from major companies boosted market sentiment. Leading advancers on Thursday were oil and gas companies, as well as automakers. Royal Dutch Shell increased 2%, DaimlerChrysler rose 1.8%, and Volkswagen soared 8.8%. The German DAX 30 surged 1.4%, the French CAC 40 rose 1.2%, and London FTSE 100 gained 0.9%.
Elena
27 Jul, 2006
New York City
The energy sector strengthened on gains for Exxon Mobil and Royal Dutch Shell. Comcast, the biggest cable operator, rose 4.6% on better-than-expected Q2 earnings. Hewlett-Packard also supported the Dow, rising 2.1%. On the downside, Aetna dipped 19.4% as Q2 net income fell on higher medical costs. Dow Chemical, the largest U.S. chemicals maker, dropped 10% on profit that missed analyst estimates.
Elena
27 Jul, 2006
New York City
For the fourth day in a row Sensex 30 on Mumbai Stock Exchange advanced more than 100 points. The stock rally was bolstered by strong earnings from several large and mid cap companies. Passage of nuclear bill in the lower house of U.S. Congress helped several construction companies. Local unit of French utility company Areva gained more than 5%.
Elena
27 Jul, 2006
New York City
In economic news, the Department of Labor said that jobless claims fell unexpectedly to 298,000 from last-week revised figure of 305,000. Economists had expected jobless claims to rise to 310,000. In another report, the Department of Commerce said that durable goods orders rose 3.1% in June following a revised 0.3% increase in May. Economists had expected orders to increase by about 1.9%.
Elena
27 Jul, 2006
New York City
U.S. stock futures pointed to a higher opening, boosted by optimism about second-quarter earnings. Exxon Mobil posted Q2 profit jump of 36% to $10.36 billion, the second largest quarterly profit ever recorded by a publicly traded U.S. company. Earnings rose to $1.72 per share vs. $1.20 per share last year, beating estimates of $1.64 per share. DaimlerChrysler posted Q2 profit of 1.81 billion euros, compared to 737 million euros in 2005.
Elena
27 Jul, 2006
New York City
In other Nymex trading Thursday, gasoline futures fell 0.72 cents to $2.2890 a gallon and natural gas futures were up 10.4 cents to $6.991 per 1,000 cubic feet. Heating oil futures rose slightly to $1.96 a gallon. September Brent on London''s ICE Futures exchange gained 10 cents to $74.10 a barrel.
