Elena
05 Jul, 2006
New York City
Stock markets opened down on concerns over North Korea''s nuclear ambitions and high oil prices. With no corporate earnings and little economic data, investors focused on the release of the Commerce Department''s latest report on factory orders. New orders for manufactured goods in May increased $2.6 billion or 0.7% to $399.9 billion, following a 2% decrease in April.
Elena
05 Jul, 2006
New York City
Stock futures pointed to a lower market opening after the Independence Day hoiday. Trading is expected to be volatile with news of a series of missile tests by North Korea weighing on sentiment. The missile tests drew international condemnation and sent European and Asian stocks down.
Elena
05 Jul, 2006
New York City
However, a single holdout customer retains the power to spoil the agreement. If the certain commodities trader doesn''t agree to join the deal within two weeks, court proceedings would begin to liquidate Refco Capital Markets.
Ivaylo
05 Jul, 2006
New York City
Early Wednesday, North Korea launched several missiles, including a long-range Taepodong-2 that failed after less than a minute, according to reports. Japanese, the U.S. and South Korean officials responded with sharp criticism. The launches also unsettled investors who were already jittery to selling pressures after several consecutive days of gains.
Ivaylo
05 Jul, 2006
New York City
Apart from Credit Agricole statement, the European losses came after Asian markets followed Japan downward as a series of missile tests by nearby North Korea jarred market sentiment. The U.K. FTSE 100 index shed 0.4%, the German DAX Xetra 30 index slipped 0.5% and the French CAC-40 index dropped 0.5%.
123jump.com Staff
04 Jul, 2006
New York City
Markets around the world traded higher but on a lighter volume in the abscence of U.S. investors. Asian markets closed higher but European market closed near flat line. Mexican Bolsa gained for the second day in a row as investors fears of street protests appear to subside. The too-close to call election may have many twists in the coming days. Both parties are likely to challenge the Presidential election results in the coming days.
123jump.com Staff
04 Jul, 2006
Mumbai
The Indian Sensex fell as large caps declined in a volatile trading. Earlier in the trading, the Sensex had soared more than 100 points at the opening. Cement leader, ACC, as well as State Bank of India and Reliance Industries gained, while L&T led the decliners. Honda Motors to consolidate its various operations in India.
Ivaylo
04 Jul, 2006
New York City
According to analysts the economic indicators were helping drive markets in what is a continuation of the positive feeling after the Tankan survey, especially the very strong capital investment numbers. That has really given some comfort as regards the medium term economic trend.
Ivaylo
04 Jul, 2006
New York City
European shares slipped lower in light trading on Tuesday, with the automobile sector in decline on worries over the state of both the U.S. and European market and the weaker dollar. The U.K. FTSE 100 index declined 0.2%, the German DAX Xetra 30 index dipped 0.1% and the French CAC-40 index lost 0.1%.
Ivaylo
04 Jul, 2006
Metals
The gold market continues to be buoyed by speculation that the central banks of China and the United Arab Emirates are intent on increasing their gold reserves, although there is no clear evidence of central bank buying this year. However, the upward move in precious metals seems not to extend to base metals.
123jump.com Staff
03 Jul, 2006
New York City
Markets around the world gained on the first day of the third quarter. Averages rose in Asia, Europe and Americas. Mexico led the global gain with 4.2% surge. Investors perceived that the ruling party candidate has 1% lead when 96% of votes were counted. Construction spending fell unexpectedly in May, according to the Commerce Department. June sales of GM, Ford, Chrysler and Nissan declined. Honda and Toyota reported sales gain.
Elena
03 Jul, 2006
Frankfurt
European markets ended higher, lifted by gains for oil majors and merger-and-acquisition news. Oil companies BP and Royal Dutch Shell rose 1.2% and 1.4% respectively. Merger-and-acquisition speculation also helped to inspire European gains, including British supermarket group WM Morrison, up 3.7% and brewing company SABMiller, up 1.2%. The German DAX 30 rose 0.55, the French CAC 40 added 0.3%, and London FTSE 100 climbed 0.9%.
Elena
03 Jul, 2006
New York City
Stocks moved moderately higher in light pre-holiday trading, reflecting mild economic data and news of a possible alliance between General Motors Corp. and Nissan Motor. In economic news, the ISM''s June manufacturing index fell 0.6 points to 53.8, while economists were expecting a rise to 55. In another report, the Commerce Department said that a sharp decline in homebuilding drove a 0.4% decline in May construction spending, vs. expectations of a 0.2% increase.
Elena
03 Jul, 2006
Mumbai
The market extended Friday
Elena
03 Jul, 2006
New York City
Dow component General Motors Corp. boosted market sentiment, rising 1.6% on news of possible alliance with French automaker Renault and Japanese Nissan. Traders also awaited the June reading of the Institute for Supply Management''s manufacturing index, hoping the report would provide clues about economic growth and interest-rate increases.
