123jump.com Staff
11 Jul, 2006
New York City
Earnings and techs were in limelight. Alcoa revenue miss kept market averages under check in the morning trading. In the afternoon, news on KLA-Tencor supported a reversal in tech stocks led by a sharp gain in semiconductor stocks. Oil rose. Gold jumped $17 on the news of seven bomb blasts in Mumbai, India. European stocks closed lower, on the weakness in tech stocks. Mexico declined 0.6% but Brazil and Argentina gained.
Elena
11 Jul, 2006
Frankfurt
European markets finished steeply down, reflecting an advance in oil prices and weakness in the technology sector. Sales warning from Lucent Technologies dragged French telecom equipment maker Alcatel, down 5.9% and its peer Ericsson, down 3.4%. Automakers like Renault and Volkswagen moved lower on rising crude oil. The German DAX 30 tumbled 1.6%, the French CAC 40 slipped 1.4%, and London FTSE 100 lost 0.7%.
Elena
11 Jul, 2006
New York City
Seven blasts occurred within 15 minutes of each other and reportedly killed up to 100 people and more than 250 were injured. Following reports of the blasts, U.S.-listed stocks of Indian companies tumbled, led by carmaker Tata Motors, down 5.2% at $16.09. The rupee was down 0.3% against the dollar.
Elena
11 Jul, 2006
New York City
Stocks kept trading in the negative due to a disappointing revenue report by economy bellwether Alcoa and a profit warning by Lucent Technologies. Shares of Alcoa fell 4.8% on the NYSE, while Lucent declined 4.3%. On a positive note, Pepsi Bottling Group rose 4.3% after posting higher-than-expected Q2 profit and raising its 2006 outlook.
Elena
11 Jul, 2006
Mumbai
The Sensex experienced weak session as it traded in the red for most part of the day. Auto and steel sector witnessed intense selling pressure, as investors took profit, while cement stocks bucked the downtrend and finished higher on the expectations of firm prices.Volatility was high, the turnover was slightly higher than yesterday
Elena
11 Jul, 2006
New York City
Stocks started the trading session in the negative after a disappointing revenue report by Alcoa and a profit warning by Lucent Technologies. In released earnings news, Pepsi Bottling Group, producer of Pepsi-Cola beverages, reported Q2 net income of 61 cents a share, against 59 cents last year on 10% higher revenue. LG.Philips LCD reversed to a loss in Q2 of 322 billion won compared with a profit of 41 billion won in the same period last year.
Elena
11 Jul, 2006
New York City
Stock futures pointed to a weaker opening, reflecting concern that profit and sales figures from Alcoa and Lucent Technologies may be a harbinger of a disappointing second-quarter earnings season. Privately held apparel maker Levi Strauss & Co. posted Q2 profit jumped 33% due to a tax benefit. The company said net income rose to $40.2 million from $26.8 million a year ago.
Ivaylo
11 Jul, 2006
New York City
Major Asian stocks settled lower Tuesday, as investors moved to the sidelines after a mixed session in New York and growing uneasiness about interest rates ahead of the policy meeting of the Bank of Japan which starts Thursday. The lack of willingness to push markets higher, before the policy meeting of the Bank of Japan, ends Friday alongside the impulse to gain from retail traders after a dramatic rebound Monday caused the broader market fall amid weak trading volumes.
Ivaylo
11 Jul, 2006
New York City
The technology weakness followed a similar move overnight in the U.S. market, where stock indexes ended Monday after weakness in technology shares pulled the indexes down. Lucent said that revenue would come much lower than expected, thus weighing heavily on its recent acquirer, Frances Alcatel. The U.K. FTSE 100 index slipped 0.2%, the German DAX Xetra 30 index declined 0.6% and the French CAC-40 index lost 0.3%.
Ivaylo
11 Jul, 2006
Metals
The loosening geopolitical pressure and falling oil prices are forcing the yellow metal down, which will likely remain volatile in the near term due to the upcoming Group of Eight summit in St. Petersburg, Russia late next week and the North Korea talks. The volatility is expected to calm down and the metal is mainly to trade sideways into the summer.
Elena
10 Jul, 2006
Frankfurt
European markets closed in the positive, reflecting robust opening on Wall Street ahead of the second-quarter earnings season and gains for L
Elena
10 Jul, 2006
New York City
EMC Corp., the biggest maker of corporate data storage equipment, announced its quarterly earnings fell short of expectations as it misjudged demand and did not stock enough inventories for a new product. EMC expects to report on Friday net income of 12 cents a share on revenue of about $2.575 billion, vs. previous forecast of 13 cents a share on sales of at least $2.66 billion.
Elena
10 Jul, 2006
New York City
Stocks rallied Monday as after weeks of volatile trading on confusion about interest rates, investors gained optimism for a strong Q2 earnings session. A few multibillion-dollar acquisitions also helped to generate positive sentiment. Kraft Foods Inc. agreed to buy the Spanish and Portuguese units of United Biscuits for $1.07 billion and Kimco Realty Corp. agreed to acquire Pan Pacific Retail Properties Inc. for $2.9 billion.
Elena
10 Jul, 2006
New York City
The market rebounded today after a sharp fall in the previous two trading sessions on strong Asian markets, lower crude oil price and short-covering in derivatives. Volatility was high as the benchmark Sensex moved in the trading range of 243 points. IT stocks soared on hopes of an upward revision in earnings and revenue guidance and cement shares advanced on hopes of strong first-quarter results.
Elena
10 Jul, 2006
New York City
Stock markets opened higher on optimism of strong earnings season. Helen of Troy Ltd. reported Q1 net earnings sank to 21 cents a share, from 33 cents a share last year despite net sales growth, missing analysts
