Ivaylo
31 May, 2006
Frankfurt
European market recovered early losses Wednesday as banks and oil stocks reversed the downtrend, helped also by strength in telecoms stocks, which have exhibited defensive qualities during market volatility recently. By mid morning London
Ivaylo
31 May, 2006
Metals
Traditionally regarded as a safer alternative to the dollar, gold rose yet again in the wake of the greenback fall versus the euro, following the replacement of the U.S. Treasury Secretary. The decline in the outlook in the labor market was another blow to the already enfeebled dollar.
123jump.com Staff
30 May, 2006
New York City
Worries of inflation, interest rate uncertainty and rising prices of oil and commodities took market averages down around the world. In the overnight trading Asia declined led by a fall in Thailand and Korea. In Europe averages closed lower across the region as eight of the twelve major markets declined. Latin American markets closed lower led by a sharp decline of 4% in Brazil. Russia closed 1% lower.
123jump.com Staff
30 May, 2006
New York City
Markets declined in Latin America for the third day in a row afte steadily rising in the first four months of the year. Bovespa index in Sao paolo lost 4% on worries that rising interst rates in the U.S. will force investors to pull capital from its market. Index has gained 90% in the last 12 months but is now up less than 10% since the beginning of the year. Argentina and Mexico lost 3.4% and 3.1%.
123jump.com Staff
30 May, 2006
New York City
Market averages maintained their negative bias as Nasdqaq lost 1.5% and Down and S&P 500 lost 1.3% in the afternoon trading. Tribune, publishing company plans to acquire 25% of its outstanding shares. Gold rose as much as $12. Crude oil rose 2% before settling 1% higher. General Motors sotck trades 5% lower on a downgrade from Deutsche Bank. Freddie Mac to report earnings after the close.
Elena
30 May, 2006
Frankfurt
European markets closed steeply down on speculations about interest-rate increases and lower economic growth. Weakness on Wall Street contributed by sliding dollar, resurgent oil prices, and disappointing corporate news also weighed. European auto stocks like Volkswagen and BMW notably declined on the weaker dollar. EADS showed a significant loss of 4.5%. The German DAX 30 dropped 2.3%, the French CAC 40 slid 2.4%, and London FTSE 100 tumbled 2.4%.
Elena
30 May, 2006
New York City
U.S. stocks extended losses Tuesday, dragged by disappointing same-store sales from Wal-Mart and climbing oil prices. The Nasdaq dropped 1% and the Dow industrials fell more than 100 points. Shares of Goldman Sachs fell 1.5% on the heels of news that the company''s Chairman and CEO Henry Paulson was nominated to replace John Snow as Treasury Secretary.
Elena
30 May, 2006
New York City
The market experienced another streak of volatile trade. The benchmark plummeted 100 points, following a gain of as much as 100 points earlier in the trading. Market averages traded in a volatile fashion on a declining trading volume. Cement maker Madras Cement released expansion plans and Jindal Steel emerged as sole bidder for a steel manufacturing plan in Bolivia.
Elena
30 May, 2006
New York City
Stocks opened sharply lower Tuesday as investors locked in recent profits. Dow component Wal-Mart declined 2% after the retailer said its May same-store sales are expected to be near the low end of its previous guidance. General Motors fell 3% after Deutsche Bank downgraded its rating on the auto maker. Kinder Morgan climbed 21% after an investor group led by its management offered to acquire the company for $100 per share in cash.
Elena
30 May, 2006
New York City
U.S. stock futures seemed poised to a weaker start after the long holiday weekend and ahead the minutes of the FOMC meeting. Disappointing news on Wal-Mart same-store sales also generated negative sentiment, sending the stock down 2%. Wal-Mart reported May comparable store sales growth of 2.3%, the low-end of the 2 to 4% range that the retailer forecast earlier this month. General Motors declined 3% on brokerage downgrade.
Ivaylo
30 May, 2001
New York City
Shares in Tokyo declined for a second day in a row on weak consumer spending and industrial production data. Japanese benchmark Nikkei 225 index dropped 0.4% and Hong Kong''s Hang Seng also dropped 0.7%. South Korea
Ivaylo
30 May, 2006
Frankfurt
Rising money supply and credit growth in the eurozone provoked worries of tighter monetary conditions, although there are talks that a 25-basis-point rate increase at the next European Central Bank meeting next week was a done deal. London
Ivaylo
29 May, 2006
Mumbai
Indian benchmark Sensex had opened higher and struck a high as the trading stepped up. Later in the trading though, the Sensex experienced a streak of high volatility, swinging 210 points for the day. Steel, tech and auto sectors were among the advancing sectors.
Ivaylo
29 May, 2006
New York City
Hong Kong''s benchmark Hang Seng Index edged up after briefly probing the 16000 level. In Singapore, the Straits Times Index benchmark finished 0.2%, down and in Australia, market closed at its day''s high, putting together a second dayin a row of gains in response to the Friday rally. The South Korea
Ivaylo
29 May, 2006
Frankfurt
Both London and New York are closed today because of public holidays. In mid morning trading, Frankfurt
