123jump.com Staff
16 Jun, 2006
New York City
Market appears to rest near unchanged level after rising for two days. European and emerging markets around the world closed higher on the last trading day of the week. Precious metals and oil are on the decline. Current account deficit in the first quarter fell to 6.4% of GDP from 7% in fourth quarter in 2005. Carnival reported 46 cents of earnings and Media General reproted that the current fiscal Q2 earnings will exceed 80 cents earnings a year ago.
Elena
16 Jun, 2006
Frankfurt
European markets failed to sustain solid gains posted yesterday and Friday closed in the negative territory. In a day when a lot of options and futures contracts expired, market sentiment was hurt by renewed interest rate concerns and weaker start on Wall Street. The German DAX 30 tumbled 0.9%, the French CAC 40 dropped 0.6%, and London FTSE 100 fell 0.4%.
Elena
16 Jun, 2006
New York City
U.S. stocks traded down as Microsoft fell on news that Chairman Bill Gates will give up his day-to-day role in the company in 2008. Shares of major oil and materials companies traded lower, following news that China''''s central bank will raise bank reserve requirements by half a percentage point effective July 5. Shares of integrated oil firm Exxon Mobil Corp. were down 0.8% to $58.68, while aluminum maker Alcoa Inc. lost 0.8% to $30.02.
Elena
16 Jun, 2006
Mumbai
World-wide emerging markets rallied for the second day. Sensex in India advanced for the second day in a row. Advancers beat the decliners by a margin of five to one. U.S. led recovery in the global markets may not sustain for a long. U.S. economy continues to suffer from structural trade and budget deficit and rising cost of Iraq occupation. Sensex in India will rise and fall with the monsoon rains in the coming weeks.
Elena
16 Jun, 2006
New York City
Stocks opened lower on worries that China''s move to curb credit could slow corporate earnings growth. A decline in Microsoft''s shares also weighed. In economic news, the Commerce Department reported that the U.S. current account trade deficit fell to $208.7 billion in Q1 quarter, down 6.5% from the all-time high deficit of $223.1 billion set in Q4 last year.
Elena
16 Jun, 2006
New York City
Stock futures pointed to a lackluster opening of Friday trading session, reflecting news of mixed nature from two major software companies, as Oracle released a positive report on the tech side, but Microsofts shares came under pressure after Bill Gate''s announcement that he will give up his day-to-day role in the company in 2008.
Ivaylo
16 Jun, 2006
New York City
Major U.S. indexes took their biggest single-day gains in more than a year. The rally, in the wake of the absence of hawkish comments in a speech by U.S. Fed chief Ben Bernanke overnight, lifted the Nikkei 225 Stock Average to a third straight day of gains, ending a volatile week with a slight advance. The market is rallying as pessimism about the outlook for the U.S. economy, Japan''s biggest export market, has begun to fade.
Ivaylo
16 Jun, 2006
Frankfurt
The gains were helped by the US Federal Reserve chairman Ben Bernanke
Ivaylo
16 Jun, 2006
Metals
The precious metals selling slowed down a bit late in the session, with this most pronounced in gold, on obvious profit-taking. The recent decline was not a gold decline, it was not a metals'' decline or even a commodities decline. It was an across-the-board pullback among asset classes, from commodities, to emerging markets, regardless of their individual investment merits.
123jump.com Staff
15 Jun, 2006
New York City
Market averages surged in the last thirty minutes of trading as traders piled in to catch the rally. The morning steady rise was powered by strong earnings from Bear Stearns, weak price in petroleum products and sustained buying in European stocks. Market averages took-off after traders interpreted Fed Chairman comments as soft on inflation. Gold, silver and natural gas rose during the day. Weekly petroleum inventories showed a mild fall in crude inventories. Caterpillar rose 5%.
123jump.com Staff
15 Jun, 2006
New York City
Market averaegs are surging as less than thirty minutes of trading is left. Dow, Nasdaq and S&P 500 are trading near 2% gain for the day. Rally on the second day is broad based. Tech, Industrials, Commodities and emerging market linked stock led the surge. Energy and metals prices surged as well. Gold and silver are up 6%. Natural gas is up 9%.
Elena
15 Jun, 2006
Frankfurt
European markets closed sharply higher, lifted by bargain hunting and a strong rally on Wall Street. Industrial companies like ABB and Agfa-Gevaert were among the top advancers, rising 7.6% and 5.5% respectively. The German DAX 30 climbed 2.2%, the French CAC $0 surged 2.4%, and London FTSE 100 rose 2%.
Elena
15 Jun, 2006
New York City
Stocks rallied Thursday on upbeat earnings from Bear Stearns and mild economic data. In corporate news, Bear Stearns'' quarterly profit grew 83%, well above estimates, lifted by strength in equity trading and fixed-income revenue. Goldman Sachs raised its offer for AB Ports to about $4.8 billion, which was matched by rival Australia-based Macquarie Bank Ltd. in an intensifying bidding war.
Elena
15 Jun, 2006
Mumbai
Following three straight days of losses, Indian benchmark rebounded in style, soaring more than 600 points in one day in a fiercely bullish session. The recovery across global markets added to the positive sentiment that prevailed in the market. The market-breadth was strongly positive.
Elena
15 Jun, 2006
New York City
U.S. stocks advanced for a second day in a row, extending gains on strong earnings from Bear Stearns and mild economic data. Traders focused on data showing May industrial production fell 0.1%, below estimates for a 0.2% rise and down sharply from a 0.8% jump the month before. The Fed said capacity utilization fell slightly to 81.7%.
