Elena
07 Jun, 2006
New York City
Stock futures indicated a fairly positive start of Wednesday session, supported by a late upward momentum yesterday. Market is expected to follow the fashion of volatile trading on growing inflation and interest-rate concerns. Shares of Google rose 1.3% before the opening bell after one of the company''s founders met with U.S. lawmakers to press for legislation that would prevent Internet access providers from charging Web sites more for faster content delivery.
Elena
07 Jun, 2006
New York City
Oil prices pulled back Wednesday, reflecting Iran
Ivaylo
07 Jun, 2006
New York City
Japanese and mainland Chinese stocks suffered the heaviest losses. The Nikkei dipped 1.88%, its lowest finish in more than six months. In Hong Kong, the Hang Seng index ended 0.98% down. Elsewhere in the region, South Korea''s Kospi Index shed 2.67%, the Taiwan Weighted Index declined 1.75% and Singapore''s Straits Times Index lost 1.42%. Australia''s S&P/ASX 200 eased 0.21%.
Ivaylo
07 Jun, 2006
New York City
Interest rate worries kept hurting sentiment and led by a sharp decline in Eurozone bourses on Tuesday, a clear shift towards safer sectors was obvious with food producers, tobacco, utilities and beverages sectors advancing slightly while telecoms, engineers and miners fell. London FTSE 100 shed 0.4% in early trade while the Xetra Dax lost 0.2% and the French CAC 40 declined 0.3%.
Ivaylo
07 Jun, 2006
Metals
The market is finally taking cue from the Fed governors, coming to terms with the inevitable hiking of the interest rates. It now seems that a second rate hike is in the offing come June 10th. That sent the dollar higher against other currencies. On the other hand, the softer stance taken by Iran on its nuclear program helped push the precious metal even lower.
123jump.com Staff
06 Jun, 2006
New York City
Market averages recovered from the worst level of the day in the last twenty minutes of trading but negative bias in the trading caused a global sell-off. European exchanges lost 2% or more and Asian markets were down between 1.5% and 2.5%. Russia lost 4.5% and south Africa lost more tha 4%. Latin American markets suffered as well. Brazil at mid-day trading lost 3% and Mexico lost 2.5% before recovering near the close.
123jump.com Staff
06 Jun, 2001
New York City
Rate hike talk in the market today added to the losses in the home builder stocks . Investors have dumped home builder stocks with a vengance since the beginning of the year. Toll Bros, Beazer Homes, D.R. Horton and Lennar Co stocks are down between 30% and 45% since the beginning of the year. These stocks are trading at a level last seen in December 2004. These stock lost 3% and 4% by mid-day trading.
Elena
06 Jun, 2006
Frankfurt
European stocks steeply dropped Tuesday on concerns over U.S. interest-rate increases, following comments about inflation made by the Fed Reserve Chairman. Bernanke''''s comments come ahead of an expected rate rise from the European Central Bank at its meeting Thursday. The German DAX 30 tumbled 2.1%, the French CAC 40 slipped 2.4%, and London FTSE 100 dropped 1.6%.
Elena
06 Jun, 2006
New York City
Stocks sharply dropped for a second day in a row, reflecting fears of further interest-rate increases. The Dow Jones industrial average fell almost 100 points after falling almost 200 yesterday. IBM Corp. rose 51 cents to $79.57 after the technology company said it would triple its investments in India to $6 billion over the next three years.
Elena
06 Jun, 2006
Mumbai
Market index came under intense wave of selling in the second half of trading session. Index declined 2.5% on declining turnover. Trading volume has declined 50% from its peak in May 2006. Petrol and diesel prices were hiked to stem losses for oil companies. Government authorized price hike of 50% of the request from oil companies. Bharti Airtel reported sharp decline in revenue and profit.
Elena
06 Jun, 2006
New York City
U.S. stocks opened in the positive, but lingering concerns about interest rates and a lack of major corporate news limited gains. The airline sector advanced on retreating oil prices. Insurance and HMO stocks also posted strength. The housing sector moved lower, dragged by DR Horton, down 3.5% on downgrade from Wachovia. Gold stocks moved notably lower.
Elena
06 Jun, 2006
New York City
Stock futures recovered slightly from yesterday
Elena
06 Jun, 2006
New York City
The announcement came a day after BAA confirmed that it was in talks with Ferrovial and with another consortium. On Tuesday, Goldman Sachs confirmed that the rival consortium had made a bid of 955.25 pence ($17.98) per share for BAA, including a declared final dividend of 15.25 pence.
Ivaylo
06 Jun, 2006
New York City
In Japan, the Nikkei 225 Index fell 1.81%, as trading exporters led decliners. The market was being affected by U.S. weakness and it was already on weaker ground after a fund scandal, so sentiment was bearish. In Hong Kong, the Hang Seng Index eased 0.27%. Property shares, which constitute a large component of the Hang Seng, declined on interest-rate concerns. Indexes in Australia, Malaysia, Indonesia and Singapore also finished lower.
Ivaylo
06 Jun, 2006
Frankfurt
After losses at the opening of trade across Europe, the French market continued its fall by mid-morning while Germany and the Eurofirst 300 recuperated slightly from their weakest levels. The Swiss market, which was on holiday on Monday, declined sharply with the SMI index down 1.1% as it played catch-up with weakness elsewhere. By mid morning, the FTSE Eurofirst had dropped 1%, the German Dax dipped 1% too and the French CAC 40 shed 1.4%.
