123jump.com Staff
28 May, 2007
New York City
Global markets raced higher led by a sharp rise in China, Korea, Brazil, Japan and Chile. Rising prices of copper and nickel lifted commodities driven markets and stocks around the globe. However, Peru fell 2.4% on worries that higher metal prices are not sustainable. OMX is likely to receive bid from Dubai. Norsk Hydro is reported to mull a bid for Alcan, higher than offered by Alcoa. Rupee in India surges to a nine-year high.
Elena
28 May, 2007
New York City
European stock markets closed in the positive territory Monday after trading in a tight range, with the U.K., German and Swiss bourses closed for public holidays. Market sentiment was supported by strength among steel companies. Arcelor Mittal and Vedior stood out among gainers, rising 0.8% and 0.9% respectively. Acerinox climbed 3.8% benefiting from nickel price movements. The French CAC-40 added 0.2%, the Netherlands''s AEX Amsterdam rose 0.4% and Spain''s IBEX gained 0.5%.
123jump.com Staff
08 Jan, 2008
New York City
U.S. stocks fell sharply in the last hour of trading on the credit market weakness and fear of falling consumer speding. consumer sensitive stocks, financials, and retailers dropped sharply in the final 30 minutes of trading. AT&T chief said more customers are late in paying bills, that comment and rising gold and oil hurt the market averages. Nasdaq dropped 2.4%. Gold jumped $18.30 and raced to a record high.
123jump.com Staff
08 Jan, 2008
New York City
Stocks in UK traded higher on the rising energy and metals prices. FTSE 100 index in London closed up 0.33% or 20.80 to close at 6,356.50. Halifax House Price index increased by 1.3% in December after declining for three months in a row. The average price of a home in the U.K. increased by 11,759 pounds from a year ago to 97,039 pounds.
123jump.com Staff
08 Jan, 2008
New York City
Starbucks appointed its founder and chairman Howard Schultz as its new chief executive replacing Jim Donald. Starbucks stock jumped 10% on the appointment but has lost nearly 50% of its value in the last year. Starbucks has been a victim of too many stores in less than desirable locations competing against each others and rising operating costs. A cup of latte at Starbucks costs more than a gallon of oil in the U.S.
123jump.com Staff
08 Jan, 2008
New York City
Australian stocks declined for the second day in a row on the weak international metals prices. Xstrata dismissed Resource Pacific Holdings Ltd 8 million metric tons a year coal production target and sad it lacked technical credibility. The Australian dollar closed stronger today, buoyed by stronger than expected building approval data. GrainCorp rose 7.5% on recent rains in the region. Centro Retail Group fell 11%.
123jump.com Staff
08 Jan, 2008
New York City
U.S. stocks fell after nearly two hours of trading on a weakness in housing market and worries related to economic slowdown. An index of pending home sales declined 19% from a year ago according to the Natioanl Association of Realtors. Bear Stearns and Starbucks replaced their chief executives. Oil and gold surged nearly 2% lifting the stocks in the energy and metals sectors. KB Home reported a sharply higher quarterly loss.
Ivaylo
28 May, 2007
New York City
China surged Monday buoyed by large-cap, with stocks in Japan and South Korea also advancing. In Tokyo, the market recovered as upbeat copper prices and other commodities futures in New York on Friday lifted materials producers. In Hong Kong, small-cap stocks such as brokerage firms advanced on hopes that more mainland Chinese will invest in Hong Kong stocks.
Ivaylo
28 May, 2007
New York City
The market opened 130 points higher on firm global markets and rallied in early trading on strong buying in large-cap stocks. The buying interest flagged in late trading and the market saw some profit-taking which weighed on gains. HDFC Banks led the advancers, together with L&T. Hindustan Lever and Infosys were the worst performing stocks. The Indian rupee may drop as the Reserve Bank of India intervenes in the currency markets.
Ivaylo
28 May, 2007
New York City
European stock markets edged higher on Monday, buoyed by the robust close in the US on Friday and a strong start to the week in Asia. Trading was light and advances were slim though, with many markets, including London and Frankfurt, closed for public holidays. The FTSE Eurofirst 300 was up 0.1% by mid morning, while the CAC 40 in Paris gained 0.1%.
Ivaylo
28 May, 2007
New York City
Commodities futures advanced in a broad rally on Friday as industrial metals gained on dwindling inventories, while worries over energy supplies saw crude oil and gasoline prices end higher. A 3% increase in copper prices boosted other industrial metals including nickel, zinc and aluminum on the LME. Lead recorded the sharpest percentage gain, advancing nearly 5%. In the precious metals market, gold rose, reacting to higher oil prices and a weaker U.S. dollar.
123jump.com Staff
25 May, 2007
New York City
Tech stocks led the charge and supported a mild rise in U.S. averages. European markets closed slightly lower and Asian markets closed mixed. Coca Cola agreed to pay $4.1 billion for a bottled water company. Existing home sales dropped 2.6% in April, slowest pace in four years but median home prices rose from a year ago. Nasdaq agreed to pay $3.7 billion for Swedish stock market operator OMX.
123jump.com Staff
25 May, 2007
New York City
Market averages traded higher ahead of three-day weekend. Coca Cola edged higher on a deal to buy bottled water company. Nordson advanced on higher than expected earnings. Archstone Smith jumped on takeover speculation lifting other apartment REIT stocks. Cleveland-Cliffs stock and options advanced on takeover rumors. The stock has jumped 56% this year.
123jump.com Staff
25 May, 2007
New York City
European markets closed on a lower note ahead of three-day weekend in the region. Deal and merger news dominted trading. Nasdaq offered to buy Swedish stock market operator OMX for $3.7 billion in cash and stock. UBS agreed to divest its 20.7% stake in Julius Baer to fund share buy-back program. Rising bond yields depressed stocks in the utilities and construction companies. Goldman Sachs raised its take in British Air to 5.1%.
123jump.com Staff
25 May, 2007
New York City
Privately held, New York based Glaceau has agreed to sell the company also known as Energy Brands for $4.1 billion to Coca Cola. Company estimated to sell more than 100 million case volume with revenue near $700 million will help Coca Cola to acquire a significant market position in the bottled water market. Pepsi, the current leader with products SoBe,Propel and Aquafina controls 45% of the domestic bottled water market. Tata Tea based in India will sell 30% stake in the company a year later.
