Elena
17 Jul, 2006
New York City
Crude oil prices further advanced on Monday, reflecting more geopolitical uncertainty in the market on escalating fighting between Israel and militants in Lebanon. British Prime Minister Tony Blair and U.N. Secretary-General Kofi Annan called Monday for the deployment of international forces to stop the bombardment of Israel from southern Lebanon.
123jump.com Staff
14 Jul, 2006
New York City
Rising oil, weak retail sales, earnings warnings from a home builder and widening conflict driven by Israel aggression all contributed to the makret sell-off. June retail sales declined 0.1%, oil traded as high as $79 per barrle and gold climbed back to $668 per ounce. D R Horton missed earnings estimates and lowered fiscal earnings guidance. Continued violence in the Mid-East threatens the world oil price. Bank of Japan raised interest rate to 0.25% after five year of zero-rate policy.
Elena
14 Jul, 2006
Frankfurt
European markets closed deeply in the red for a second day in a row due to surging oil prices and weakness on Wall Street. Crude oil hovered below the $78 a barrel amid ongoing unrest in the Middle East. The German DAX 30 closed down 1.9% and 5% lower for the whole week, with warning from SAP contributing to the decline. The French CAC 40 slipped 1.5%, while London FTSE 100 fell 1%.
Elena
14 Jul, 2006
New York City
Surging oil prices of nearly $78 a barrel, weaker retail sales, and bland earnings at General Electric sent stocks deeply in the red. In economic news, the Department of Labor reported that import prices increased modestly by 0.1%, while export prices notably rose by 0.8%. Petco Animal Supplies jumped $8.43 to $27.88 after it agreed to be taken private for $29 per share, or $1.68 billion.
Elena
14 Jul, 2006
Mumbai
The Sensex lost nearly 2%, as the oil price rise hit auto, IT, refinery and cement stocks. Large-cap companies ended mostly in the red and the overall market breadth was negative. Select software stocks managed to finish higher on expectations of strong first-quarter results.
Elena
14 Jul, 2006
New York City
U.S. stocks opened the Friday session in a lackluster fashion as weak June retail sales fed speculation the Fed Reserve might stop raising interest rates, but stocks dropped following a weaker-than-expected data on consumer sentiment in July. EMC Corp. added to investors
Elena
14 Jul, 2006
New York City
General Electric Co., the industrial, financial services and media conglomerate, posted Q2 profit rise of 4% to $4.85 billion, or 47 cents per share, compared with $4.65 billion, or 44 cents per share, a year ago. Total revenue climbed 9% to $39.9 billion. The results matched analyst estimate of 47 cents per share. GE reaffirmed its 2006 earnings expectations.
Elena
14 Jul, 2006
New York City
The decision boosts the Bank of Japan''s key overnight call rate to 0.25% from 0.069%, signifying that deflation has been overcome and the economic recovery is gathering speed. The bank''s move links Japan with the other major economies, where central banks are also tightening their money policy.
Ivaylo
14 Jul, 2006
New York City
The policy board of Bank of Japan hiked its key interest rate by a quarter percentage point to 0.25% Friday, putting an end to its five-year policy of keeping rates near zero percent. In addition to tightening the overnight call rate, the central bank also chose to boost the official discount rate, or the interest rate banks charge each other in the interbank market. Worries over escalating violence in the Middle East also impacted the stocks negatively.
Ivaylo
14 Jul, 2006
New York City
European markets moved lower by mid-morning on Friday after escalating violence in the Middle East pushed crude oil to a record high and prompted sharp drops in global markets in the previous session. Following sharp drops in early trade, markets moved off their worst levels of the morning. The U.K. FTSE 100 index shed 0.5%, the German DAX Xetra 30 index declined 1.1% and the French CAC-40 index dropped 0.9%.
Ivaylo
14 Jul, 2001
New York City
During the session gold reached $656.50 an ounce but faced light profit-taking as the dollar made gains against the euro. Most of its support on the upside started from safe-haven interest due to geopolitical issues involving Iran and North Korea. The rally in crude-oil prices added to the upside in gold. Silver and platinum lost ground, however.
123jump.com Staff
13 Jul, 2006
New York City
It was oil, Middle East tensions, Nigeria, Mexican election stand-off, Japan rate hike worries and Mumbai bomb blasts all came to bear on the market. Global markets sold-off with Russia losing 4% and Latin America down 3%. Despite a sharp rise in oil price, demand in the U.S. and China is still strong. Ford Motor cuts its dividend by half. Wal-Mart was downgraded. Apple Computer hits seven-month low.
Elena
13 Jul, 2006
Frankfurt
European markets ended sharply down Thursday on renewed concerns over the strength of Q2 earnings and surging oil prices to record highs of over $76. Technology, mining, and insurance stocks stood out among decliners. The German DAX 30 tumbled 2%, the French CAC 40 slipped 1.8%, and London FTSE 100 dropped 1.6%.
Elena
13 Jul, 2006
New York City
Stocks continued to post weakness, reflecting record-high crude oil futures, brokerage downgrade on Wal-Mart, and geopolitical tensions, including escalating violence in the Middle East, the stand-off over Iran''s nuclear program, and North Korea
Elena
13 Jul, 2006
Mumbai
Ministry of Commerce reported that manufacturing sector advanced at 10.9% rate, slightly below 12% rate projected by the goverrnment. Mining and electricity were the laggard dragging the advance. After Wednesday
