Ivaylo
07 Jul, 2006
Metals
A combination of factors helped power the rally, including a softer U.S. dollar and increased geopolitical tensions. The latest is that North Korea might test more missiles. It so turns out that risks of all kinds are being priced back into the market. Traders also have been citing ongoing worries about Iran''s nuclear program.
123jump.com Staff
06 Jul, 2006
New York City
Market averages gained in the New York trading. Florida Supreme Court affirmed a lower court ruling and threw out a $145 billion of punitive damages award against five tobacco companies. Mixed June same-store sales largely disappointed market watchers. European markets closed higher. A decision in Mexican Presidential election may not be clear for weeks to come. EBay stock traded near three-year low.
Elena
06 Jul, 2006
Frankfurt
European markets finished strong as the European Central Bank and the Bank of England left rates unchanged. Pharmaceutical companies like Shire and automakers like Renault were leading advancers. The German DAX 30 climbed 1.2%, the French CAC 40 rose 0.9%, and London FTSE 100 surged 1.1%.
Elena
06 Jul, 2006
New York City
The European Central Bank held its key interest rate steady at 2.75%, in line with expectations, but promised to be vigilant on inflation. The latest ECB''s decision coincided with the decision made by the Bank of England to hold interest rates steady at 4.5% for the 11th consecutive month.
Elena
06 Jul, 2006
Mumbai
The market remained in negative territory throughout the day. High oil prices and weakness in larger Asian markets weighed on the Indian market. The benchmark index managed to rebound in the latter part of the trading. IT, auto and banking shares led the decliners in a weak market breadth.
Elena
06 Jul, 2006
New York City
Stocks opened higher as lower oil prices and mild June retail sales helped market rebound from steep losses yesterday. Retailers posted slower same-store sales growth in June, reflecting high gasoline prices and rising interest rates. The Labor Department said that jobless claims fell to 313,000 from the previous week''s revised figure of 315,000.
Elena
06 Jul, 2006
New York City
Market is focused on a number of retail sales and economic data releases Thursday. Costco reported same-store sales increase of 6%, vs. expectations of 6.9% gain.Results at department stores were mixed, with Nordstrom posting a 4.7% gain in same-stores sales, slightly below the 4.9% estimate, while Federated Department Stores Inc. had a 1.7% increase in same-store sales, below the 2.8% estimate.
Elena
06 Jul, 2006
New York City
The investors will pay $20 for each Duquesne share outstanding, almost a 22% premium over the stock''s close at $16.44 Monday on the Nymex. The deal is expected to close in the first quarter 2007 after receiving federal and Pennsylvania regulatory approvals, as well as approval by Duquesne''''s shareholders.
Ivaylo
06 Jul, 2006
New York City
Asian markets closed mixed Thursday with Japan markets closing lower due to reports that North Korea is gearing up for test-launching more missiles which brought about fears of brewing regional instability. Real estate and consumer finance companies dragged the market down.
Ivaylo
06 Jul, 2006
New York City
Europe will be expecting interest rates moves on Thursday as both the European Central Bank and The Bank of England will disclose their latest thoughts on rate policy when they finish their meetings later in the day. Both banks are presumed to keep rates unchanged, though the ECB may hint of further rate moves later in the summer. Other European moves were based on share sales.
Ivaylo
06 Jul, 2006
Metals
Geopolitical tensions are the main reason for the rise of precious metals on Wednesday. The N.Korea
123jump.com Staff
05 Jul, 2006
New York City
Market averages around the world declined on the North Korean Missile launch. Global markets sold-off on rate jitters, missile launch and private job market report. Gold and oil rose 2%. Enron founder, Ken Lay died at the age of 64 due to heart failure. Nissan and Renault are ready to talk with General Motors. Rambus signs a licensing pact with Toshiba.
Elena
05 Jul, 2006
Frankfurt
European markets closed sharply down on tensions related to North Korean nuclear tests. Investors were also nervous about interest-rate decision ahead of announcement by both the Central European Bank and the Bank of England. The German DAX 30 dropped 1.8%, the French CAC 40 climbed 1.3%, and London FTSE 100 rose 1%.
Elena
05 Jul, 2006
New York City
A Houston TV station reported that the founder and ex-chairman of Enron Corp. Kenneth Lay died of a heart attack at his vacation home in Colorado. He was convicted last month of fraud and conspiracy for his part in the company''s collapse into bankruptcy in 2001, facing a long imprisonment.
Elena
05 Jul, 2006
Mumbai
The market received a boost by the diminishing outflow of equity funds from the emerging markets. Metal, cement, IT and power-equipment stocks led the gainers in a positive market-breadth. Steady fund flows from domestic investors support market breadth.
