Ivaylo
30 May, 2007
New York City
European stocks traded lower on Wednesday, reacting to sharp declines on Asian stocks markets after the Chinese government tripled the stamp duty payable on share trading. China undertook the move to cool a rally in its equity market, giving rise to speculation that the fastest growing major economy in the world will trigger another slump in global shares. Back in Europe, Frankfurt Xetra Dax shed 0.8%, the CAC 40 in Paris lost 0.8% and London FTSE 100 slipped 0.7%.
Ivaylo
30 May, 2007
New York City
Gold prices advanced on Tuesday as the U.S. dollar dipped against the euro and other major currencies and investors reallocated funds into precious metals. Elsewhere in the commodities markets, prices of energy and agriculture products declined, while some industrial metals posted gains.
123jump.com Staff
29 May, 2007
New York City
U.S. market averages struggled during the day but managed to close higher. European averages rose on merger revised bid for ABN Amro earnings from Vodafone. Asian stocks closed higher led by sharp rise in Shanghai and steady gains in Japan and India. Brazil and Mexico closed lower on weak currencies. Archstone-Smith surged 10% on the news that it will be acquired by Lehman Bros and Tishman Speyer for $12 billion. China reported nearly 100 million stock trading account.
Elena
29 May, 2007
New York City
European stock markets finished Tuesday mixed. Market sentiment was helped by deal moves in the banking sector, gains among telecom stocks and higher U.S. market opening. Banks were in the spotlight after Royal Bank of Scotland-led consortium offered to buy ABN Amro for $95.5 billion. Royal Bank of Scotland fell 0.8%, while Barclays added 1.9%. Telecoms were led by 5.5% rise in shares of Vodafone Group. The U.K. FTSE 100 rose 0.6%, the German DAX 30 rose 0.5%, and the French CAC-40 fell 0.3%.
Elena
29 May, 2007
New York City
U.S. stock averages traded higher, as merger activity boosted corporate optimism and consumer confidence index in May improved more than expected.Networking, airline, and utility sectors moved notably higher. Tech shares posted gains, with Google rising 1%, despite news of a preliminary antitrust probe into its planned $3 billion deal to buy online advertiser DoubleClick. Avaya rose 13%, leading the networking sector higher.
Elena
29 May, 2007
New York City
Washington Group surged 16% after the engineering and construction company agreed to be acquired by URS Corp. for $2.6 billion in cash and stock. Shares of Avaya climbed 13% amid reports that the communications equipment maker is in talks regarding a sale of part or all of the company.
Elena
29 May, 2007
New York City
Wall Street opened slightly higher Tuesday, helped by multibillion-dollar acquisition deals. A consortium of banks led by Royal Bank of Scotland said it will bid $95.5 billion for ABN Amro, topping an offer from Barclays. Tishman Speyer Properties and Lehman Brothers Holdings are reportedly interested in buying Archstone-Smith Trust for more than $12 billion, including $6 billion in debt.
Ivaylo
29 May, 2007
New York City
London stocks were higher in morning trade on Tuesday after an prolonged bank holiday weekend. Banks were in demand on further bid news while Vodafone reported strong annual results. British Airways also posted strong gains. The FTSE 100 rose 26.8 points, 0.4%, at 6,597.3, in mid-day trade.
123jump.com Staff
08 Jan, 2008
New York City
European markets closed higher but may open sharply lower in the morning tomorrow. FTSE 100 index in London closed higher on strenght in miners and energy stocks. Retail sales in UK rose in December at 0.3% from a year ago and UK home prices fell 0.8% in the fourth quarter. Manufacturing orders in Germany rose in for the second month in November. Sales at Peugeot, Citroen, and Mercedez rose in 2007. French TF1, and M6 television channel stocks jumped after sarkozy proposes to eliminate ads.
Elena
29 May, 2007
New York City
U.S. stock futures were indicating a positive opening on Tuesday after a three-day weekend. Pre-market sentiment was lifted by merger activity, including a $95.5 billion hostile bid for ABN Amro from a group led by Royal Bank of Scotland. In other deal news, Archstone-Smith is close to a $20 billion acquisition by Tishman Speyer and Lehman Brothers. URS Corp. agreed to buy engineering and design company Washington Group for $2.6 B in cash and stock.
123jump.com Staff
08 Jan, 2008
New York City
Stocks in Mumbai traded higher as energy, techology, and metals and mining companies rallied. Sensex Index closed up 61 to 20,873. This is the sixth day in a row that the Sensex index hs closd above 20,000. Of the stocks traded on BSE, 539 shares advanced, 2,404 fell, 23 remained unchanged while. Of the BSE shares Reliance Industries was up 1.05% to 3,047.25 rupees ICICI Bank fell 1.7% to 1,340.05 rupees and Reliance Natural Resources surged 7.2% to 244.15 rupees. Tata Steel shed 4.2% to 866.
Ivaylo
29 May, 2007
New York City
Asian markets ended mostly higher Tuesday, as Japanese markets led the advance on domestic-related rising after the government reported better-than-expected economic data. HK finished lower, while South Korea continued its winning streak. Elsewhere around the region, Singapore finished almost unchanged, Taiwan advanced slightly, while Australia surged more than 1%.
Elena
29 May, 2007
New York City
The group offered 11% more cash compared to an earlier bid of 27.30 euros a share, and in total the improved bid was worth more than the all-stock offer from Barclays. RBS, Santander and Fortis offered 30.40 euros in cash and 0.844 RBS share for each ABN Amro share, valuing the Dutch bank at 38.40 euros a share.
Ivaylo
29 May, 2007
New York City
Although the market opened with a positive bias, trading was subdued in the early session. Buying gained momentum in late deals on a rally in Reliance Industries, BHEL and Cipla. The benchmark index was highly volatile in morning trade but firmed up in afternoon deals. The market-breadth was positive. HDFC and Gujarat Ambuja led the decliners. The annual monsoon hit Kerala, four days ahead of schedule.
Ivaylo
29 May, 2007
New York City
European markets were broadly higher for the first time in three days after a sales forecast from Vodafone lifted phone companies and as investors watched carefully ongoing deal moves in the banking sector after a Royal Bank of Scotland-led consortium formally offered to buy ABN Amro. The U.K. FTSE 100 index advanced 0.2% while the German DAX Xetra 30 index increased 0.1% as British and German investors returned from a long holiday weekend. The French CAC-40 index inched down 0.1%.
