Ivaylo
30 Jun, 2006
Metals
There was some maneuvering for position on the market ahead of the expected 25 point interest rate hike by the Fed, and also the last full trading day before the long weekend. The rally petered out because near the end of the month, many traders took profits. Silver, platinum and copper also rallied.
123jump.com Staff
29 Jun, 2006
New York City
Market rose and then surged in the late afternoon trading. Revised Q1 estimate of GDP from 5.3% to 5.6% put investors in the buying mood. In the afternoon the Fed, as expected, raised short-term rates by 25 basis points to 5.25%. Investors stomped to buy stocks lifting averages at one point near 3%. Tech, energy, industrials and consumers led the advancers. European stocks rose 2% across the region. Research In Motion added 0.7 million subscribers and rose 4% in the after hours trading.
123jump.com Staff
29 Jun, 2006
New York City
Market remained in the holding pattern till the Fed decision on rate hike. The 17th rate hike now takes short-term rates to 5.25%, as expected by market. Fighting inflation has taken preceedent over the economic growth. Fed is worried that recent inflationary pressures arising from the rise in energy prices needs to be countered. In the last two years the Fed has raised rates seventeen times. Oil rose in late afternoon and gold is $15.
Elena
29 Jun, 2006
Frankfurt
European markets rallied Thursday with a strong boost from Wall Street solid gains ahead of the Fed Reserve
Elena
29 Jun, 2006
New York City
Stock averages rallied more than 1% Thursday morning, reflecting stronger-than-expected GDP figures. The Commerce Department raised Q1 GDP growth to a 5.6% annual rate but cut the GDP''s inflation component to 3.1%. Traders were also focused on the Federal Reserve''s decision on interest rates later in the session. Heavy equipment maker Caterpillar, diversified manufacturer 3M Co., along with energy shares led advancers.
Elena
29 Jun, 2006
Mumbai
The Sensex had risen nearly 200 points at one point in afternoon trade, on the back of firm Asian markets but in the last hour of trading lost most of the gain of the day. Metal shares and banks stocks retreated from earlier highs, while auto and construction stocks remained firm. Jet Air files case before Supreme Court to recover $100 million in escrow money for a deal with Air Sahara.
Elena
29 Jun, 2006
New York City
U.S. stock markets gained at opening on stronger-than-expected Q1 economic growth, which boosted optimism about corporate profits. The Fed Reserve is in the spotlight, expected to lift its benchmark federal funds rate by a quarter percentage point to 5.25%. In earnings news, Monsanto reported Q3 net income soared to $1.21 a share from 17 cents a year ago, beating estimates. Worthington Industries, metal processing company, reported that its fiscal Q4 profit grew 46%, well above expectations.
Elena
29 Jun, 2006
New York City
Stock futures indicated a higher opening ahead of a key Federal Reserve decision on interest rates, expected to result in a quarter-point rate hike to 5.25%. In other economic news, the Commerce Department reported that gross domestic product zoomed ahead at a 5.6%, while the Labor Department said that initial jobless claims increased by a seasonally adjusted 4,000 to 313,000 for the week ending June 24.
Elena
29 Jun, 2006
New York City
The Commodity Futures Trading Commission said that BP traders, having the consent of senior management,
Ivaylo
29 Jun, 2006
New York City
Asian stocks gained Thursday tracking U.S. gains, as weaker-than-expected Japanese industrial production figures failed to impact market sentiment negatively and investors continued to stay on the sidelines ahead of an expected rate hike by the U.S. Federal Reserve. The Fed is expected to raise rates by 0.25%, to 5.25% on Thursday, but there is some speculation that the central bank will lift the benchmark rate half a point.
Ivaylo
29 Jun, 2006
New York City
European markets staged a broad-based rally Thursday, with oil and financial blue-chips up front as investors disregarded concerns over inflation ahead of the US Federal Reserve
Ivaylo
29 Jun, 2006
Metals
Anticipating Thursday, traders pointed out that it could be a very charged session with important Fed
123jump.com Staff
28 Jun, 2006
New York City
Market averages staged a late rally as Fed decision held investors back. Investors appear reluctant to take a stand ahead of the rate hike decision. Yield on the 10-year bond has already moved close to 5.25%. Gold lost ground as dollar firmed up. Oil stocks advanced on rising oil prices. Merger news in Europe supported a mild rise in indexes however, markets in Asia lost ground.
123jump.com Staff
28 Jun, 2001
New York City
Market averages are trading near unchanged level. The Senate Finance Committee approved the nomination of Henry Paulson for Treasury Secretary. The full senate vote is expected soon. Wells Fargo traded higher on stock buy back and dividend hike. Apple Computer fell another 3% on an analyst comment that new version of iPod may be delayed.
123jump.com Staff
28 Jun, 2006
Mumbai
Market averages traded with 2% volatility but closed slightly lower. Reliance indusries unveiled a massive retail chain project to benefit from the rising consumer spending. ITC, tobacco giant, disucssed plans to launch food processing and distribution center in the state of West Bengal. Food prices reach a new high major cities.
