Ivaylo
06 Jun, 2006
New York City
The lower dollar, higher crude-oil prices and the Iranian commentary over the weekend that still sounds confrontational were responsible for the current state of affairs. Funds and speculators were among the buyers. Monday was the first trading day after Nymex late last week said it was eliminating daily price-fluctuation limits.
123jump.com Staff
05 Jun, 2006
New York City
Inflation fighting talk from Fed did it. Nervous investors sold stocks as Fed Chairman discussed rise of core inflation and loss of job growth momentum and economic momentum. Market averages slid in the last one hour of trading and Mexico and Brazil sold-off in sympathy. European markets declined led by 1.16% fall in Germany. Caterpillar dropped 4.8% but recently listed Mastercard rose 4.6%. Euro rose to a three-month high against the U.S. dollar.
123jump.com Staff
05 Jun, 2006
New York City
Market focussed its attention on oil price and interest rate movement. The averages dropped on the news that Iran has threatened to cut-off oil in the event of military strike. Fed Chairman comment also contributed to the market jitters. Brookfiled properties agreed to buy Trizec for $8.9 billion including debt. Caterpillar dropped 4% and Apple Computer lost $1.6.
Elena
05 Jun, 2006
Frankfurt
European markets closed mostly in the negative, dragged down by rising crude oil prices and weakness on Wall Street. Surging oil weighed on many sectors but supported oil stocks. Automakers like Renault and DaimlerChrysler moved to the downside, while shares of oil majors like Royal Dutch Shell and BP advanced. The German DAX 30 dropped 1.2%, the French CAC 40 lost 0.9%, while London FTS 100 added slightly to 5,767.
Elena
05 Jun, 2006
New York City
Market posted weakness Monday morning on concerns about the impact of rising oil prices. Crude for July delivery climbed to $72.95 a barrel. However, the lift in oil prices led some stocks higher. Chevron Corp. gained 7 cents to $60.82 and ConocoPhillips rose 17 cents to $64.68, while Exxon Mobil Corp. slipped 12 cents to $61.53. Drilling services firm Halliburton Co. rose 14 cents to $76.92.
Elena
05 Jun, 2006
New York City
The Indian benchmark was caught in a trading range of 366 points in a highly volatile trading. Sensex trended lower on falling metals and oil prices in the global markets. Index after rising close to 300% in the last three years has lost more than 20% of its value in the last one month of trading.
Elena
05 Jun, 2006
New York City
Stocks dropped at the start of trading on Monday on concerns about a sharp rise by the price of oil. Iran''s threat to cut its oil exports if Western nations punished or attacked it over its nuclear arms program and fears ofanoter devasrtating hurricane season sent crude futures up to $73.33 a barrel.
Elena
05 Jun, 2006
New York City
U.S. stock futires indicated a weak opening, following a steep advance in oil prices. Crude prices rose $1.22 to $73.55 a barrel on fears that Iran might jeopardize global supplies if punished by the West over its nuclear program. In pre-market trading, shares of Chesapeake Energy Corp. rose 1.4% after the natural gas company announced the acquisition of Barnett Shale sites.
Elena
05 Jun, 2006
New York City
Light, sweet crude for July delivery rose $1.02 to $73.35 a barrel in mid-afternoon Asian electronic trading on the Nymex in Singapore. The contract rose Friday to $72.33 after eight foreign workers on a drilling rig off the coast of Nigeria were kidnapped and then released on Sunday. July Brent crude futures on London''s Intercontinental Exchange Futures rose $1.03 to $72.06 a barrel.
Ivaylo
05 Jun, 2006
New York City
Other Asian benchmarks closed mixed. Indexes in Singapore, Malaysia and Korea managed slight advances. Exporters, often the first Asian shares to react to U.S. economic data, led the decliners of the downward trend. Taiwan stocks dived 3.51% as an impasse between the president and the ones calling for his resignation threatened to throw the country in political instability.
Ivaylo
05 Jun, 2006
Frankfurt
Takeovers helped European stocks finish higher last week. However, shares suffered a heavy blow on Monday, as oil topped $73 a barrel following Iran
Ivaylo
05 Jun, 2006
Metals
Weak economic data helped gold climb up, as the yellow metal is regarded as a resort to increasing inflation; if the U.S. economy is viewed as weakening, the Federal Reserve will most certainly continue raising interest rates to curb inflation.
123jump.com Staff
02 Jun, 2006
New York City
Market averages for the most part remained dormant as investors mulled conflicting reports on job markets. May payroll gained 75,000 less than expected 170,000 and hourly wages in May rose 0.1% but unemployment dropped to 4.6%. Market did not trade with a clear direction and remains in a wait-and-see mode. Bausch & Lomb rose on analyst upgrade. Retail stocks continued their climb on same-store sales report. Emerging markets in Brazil, Russia, Mexico and India rebounded sharply.
123jump.com Staff
02 Jun, 2006
New York City
Emerging markets have come under heavy pressure in the last three weeks of trading. Russia lost 27%, India fell 20% and Brazil lost 12% in less than two weeks of trading. Jittery international investors booked profit in India and Brazil. Emerging markets staged a mild recovery on 40% lower trading volume of in India, Brazil and Russia.
Elena
02 Jun, 2006
Frankfurt
European markets closed mostly in the positive as disappointing U.S. payrolls data helped offset concerns about weaker dollar. The euro climbed to $1.2925 from $1.2805. Tech stocks like chip-equipment maker ASML Holdings, microchip maker STMicroelectronics, and mobile phone maker Nokia declined. The French CAC 40 gained 0.3%, London FTSE 100 rose 0.3%, while the German DAX 30 fell 0.4%.
