Elena
12 Jun, 2006
New York City
The steelmaker recommended that company
Ivaylo
12 Jun, 2006
New York City
Japanese shares advanced for a second day on news that the economy was developing faster than first estimated in the first quarter. China''s shares closed slightly higher on gains in some banks and Hong Kong''s Hang Seng Index inched up as well. Shares in Malaysia and South Korea also advanced. Major indexes in Singapore, Taiwan and Indonesia were virtually unchanged. Markets in Australia were closed for a public holiday.
Ivaylo
12 Jun, 2006
Frankfurt
European stocks fell slightly down on Monday, due to mergers-and-acquisitions speculation, gains in the energy sector, and broker moves which counterwighed the prolonged economic concerns that struck stock markets last week. The FTSE 100 in London bucked the trend and was up 3.7 points at 5,658.9 in early trade, while the German Xetra Dax shed 29.4 points and the French CAC 40 declined 23.6 points.
Ivaylo
12 Jun, 2006
Metals
A little bit of liquidation was going on, but it was very calm and thin on the floor. Although gold reached $622 per troy ounce, it settled $1 down from it opening price. Silver gained, but finished below its $11.51 peak. Copper closed down, as well as palladium, while platinum closed unchanged.
123jump.com Staff
09 Jun, 2006
New York City
Market averages faced a wave of selling as trading hours raced to the closing bell. Despite April trade deficit of $63.43 billion market averaged braved to move higher on the back of higher closing in Asia and rising markets in Europe. In the afternoon trading market sold-off on interest rate worries. Latin American markets closed lower. Texas Instruments fell 2.4% even after reporting better financial outlook. Vonage, rose 1%, SEC is to investigate role of short sellers, during its recent IPO.
123jump.com Staff
09 Jun, 2006
New York City
Market average remained under pressure for the most part of the day. In late afternoon trading averages trade near the worst level of the day. Worries of rising inflation and interest rates persisted in the market. International trade defict in April grew to $63.4 billion as import of petroleum products, automobiles and consumer goods rose. At the current rate of growth in deficit, annual deficit is expected to surpass $770 billion. Single largest deficit was registered with China.
Elena
09 Jun, 2006
Frankfurt
European markets finished Friday session sharply higher on strong buying interest in technology and mining stocks. Shares of STMicroelectronics, Infineon Technology, Philips Electronics, and Nokia climbed after Texas Instruments raised its Q2 financial targets. Miners like Rio Tinto, Anglo Saxon, and Xstrata moved sharply higher. The German DAX 3-0 rose 1.7%, the French CAC 40 climbed 1.8%, and London FTSE 100 surged 1.7%.
Elena
09 Jun, 2006
New York City
Stocks moved firmly to the upside with the Nasdaq outperforming the other two major averages on strong support from technology and biotechnology stocks. National Semiconductor was one of the semiconductor sector''s best performances after the chip maker reported adjusted Q4 earnings that exceeded analyst estimates. The airline sector also advanced, led by Continental, rising by 3.8%.
Elena
09 Jun, 2006
Mumbai
The recovery in the market was broad-based on high volume of block trading. Heavy purchases by domestic funds and retail investors helped stocks recover lost grounds, supported also by the Reserve Bank of India
Elena
09 Jun, 2006
New York City
U.S stocks opened near the flat line. The Commerce Department said that the trade deficit widened to $63.4 billion in April from a revised $61.9 billion in March, below estimate of $65 billion. Meanwhile, the Labor Department said high oil prices drove up May import prices by 1.6%, or 0.6% excluding petroleum, while export prices excluding agriculture rose 0.6%.
Elena
09 Jun, 2006
New York City
U.S stock futures pointed to a positive start, trying to gain ground after its recent sell-off on fears about rising global interest rates. In economic news, the Commerce Department said that the trade deficit widened to $63.4 billion in April from a revised $61.9 billion in March, less than economists had expected. Import prices in May rose 1.6%, much more than the expected 0.7% growth. Excluding petroleum imports, import prices rose by a more modest 0.6%.
Elena
09 Jun, 2006
New York City
The deal would be completed after receiving the approval of shareholders in the next two months. Cathay Pacific said in a published notice it would pay Dragon Airlines shareholders HK$820 million ($105.6 million) in cash, with the rest of the acquisition funded by new Cathay shares.
Ivaylo
09 Jun, 2006
New York City
Tokyo
Ivaylo
09 Jun, 2006
Frankfurt
On Thursday, European stocks fell to their lowest levels for six months. But with New York experiencing a highly volatile trade and closing in positive territory, the European bourses were given a boost. The dollar gave further support steadying against the euro after the ECB left the markets with the impression that it was in for a modest correction of interest rates. Thursday
Ivaylo
09 Jun, 2006
Metals
The powerful upward move of the dollar continued to erase gains in gold and silver, based on premises that the Fed''s interest-rate tightening cycle isn''t finished yet and that the Fed is committed to fighting inflation, having as a result funds liquidating positions in gold.
