Ivaylo
09 Oct, 2006
New York City
Oil prices also rose above $60 a barrel, with Iran adding to international tensions after it announced on Sunday it would not suspend its nuclear programme in spite of the increasing likelihood of sanctions from western powers. In Europe carmakers dropped in response to the higher direction of oil prices. Frankfurt Xetra Dax shed 0.5% and the CAC 40 in Paris lost 0.3%. London FTSE 100, however, added 0.3%.
Ivaylo
09 Oct, 2006
New York City
Gold had dipped in early trading after the release of a report on U.S. non-farm payrolls. The recovery of gold came about on concerns about North Korea possibly detonating a nuclear device as soon as this weekend. Short covering, as well as possible North Korean nuclear tests helped the market recover from early weakness. Trading, though, was thin, with big orders hitting the floor.
123jump.com Staff
06 Oct, 2006
New York City
Market averages declined on mixed employment report and sharp decline in General Motors. September non-farm payroll rose 51,000, significantly lower than Wall Street growth estimate of 121,000. However, August growth was revised to 188,000 from 128,000. Separate job survey reported that unemployment rate dropped to 4.6% in September from 4.7% in August. GM dropped 6.3% on the news that Tracinda will not raise its stake in the company and Jeremy York will resign from the GM board.
Elena
06 Oct, 2006
New York City
European markets closed slightly lower, reflecting weakness in the telecoms sector and disappointing U.S. employment report. Telecommunication stocks came under pressure after Deutsche Bank downgraded Vodafone Group and Telecom Italia to hold from buy, sending their shares down by 1% and 1.5% respectively. The German DAX 30 ended flat at 6,073, the French CAC 40 dipped 0.2%, and London FTSE 100 lost 0.1%.
Elena
06 Oct, 2006
New York City
U.S. stocks were weak Friday, reversing from three straight sessions of record gains. The negative sentiment was generated by a jobs data report which showed that employers added fewer jobs in September than analysts had expected. Heavyweight stocks Caterpillar Inc. and United Technologies Corp. were the biggest drags on the Dow, down 1.5% and 1% respectively.
Elena
06 Oct, 2006
New York City
As profit-taking seized the blue-chips the focus was laid to small-caps and mid-caps today. The market-breadth was strong. IT, banking and auto stocks retreated. Refinery and construction shares edged higher. Some power stocks were also in demand. Hindalco, Reliance Communications and Gujarat Ambuja led the advancers. Hindustan Lever led the decliners. India is on course to attract a record $12 billion of foreign direct investment this fiscal year.
Elena
06 Oct, 2006
New York City
Stock averages started trading in the negative, following three straight sessions of record gains. The initial weakness was due to an employment report which gave another signal that the economy is slowing and inspired traders to cash in on the market''s recent gains. In corporate news, Micron Technology dropped 10% after the chipmaker issued a Q3 profit report that disappointed investors.
Ivaylo
06 Oct, 2006
New York City
The report should provide further clues as to whether the world biggest economy is heading for a hard or soft landing. The FTSE 100 clung to the 6,000 level at mid-day, with a bounce in PartyGaming and further M&A excitement across utilities helping to ease nerves. In early afternoon, the FTSE index lost 13.00 points, or 0.22%. Manufacturing output grew for the fourth month in a row in August, pushing up the annual rate of increase from 1% in July to 1.5%.
Elena
06 Oct, 2006
New York City
The Labor Department said that U.S. nonfarm payrolls rose by an estimated 51,000 in September, the lowest rise in 11 months, and came in below the 123,000 rise expected by economists. The weakness in employment, which was mainly concentrated in the manufacturing and retail sectors, was offset by gains in health care and finance.
Elena
06 Oct, 2006
New York City
Under the terms of deal, Crown Castle, owner and operator of wireless infrastructure, will assume estimated debt of $1.8 billion, and the total cash consideration will be capped at $550 million. The transaction brings together two tower companies with more than 24,000 wireless sites between them.
Ivaylo
06 Oct, 2006
New York City
The Nikkei 225 in Japan slipped on profit-taking in blue-chip Canon Inc. while market heavy HSBC Holdings extended its record-setting run on bullish sentiment following another record close for the U.S. market. The urge to book profits offset a revival among commodity stocks and a strong performance from blue-chip financial stocks. In Hong Kong, property companies outperformed the stock market on easing interest-rate concerns.
Ivaylo
06 Oct, 2001
New York City
Most European stocks were firm on Friday morning ahead of a key U.S. jobs report, with advances from airlines easyJet and Aer Lingus helping to compensate weakness from Vodafone Group and Telecom Italia. Sentiment was kept in check before key U.S. jobs figures due out later in the day. The FTSE 100 in London reached 6,006.6, Frankfurt Xetra Dax was 0.1% higher at 6,083.12, and the CAC 40 in Paris was slightly higher at 5,289.52.
Ivaylo
06 Oct, 2001
New York City
The stronger tone of the oil market encouraged profit-taking in the metals, thus raising their prices. Some short sellers also may have been squaring positions before U.S. monthly jobs report on Friday, which can influence the dollar and, in this way, the direction of metals. Physical demand for gold has been good, especially on this sell-off. Funds had been liquidating long positions for some time now in both gold and silver.
123jump.com Staff
05 Oct, 2006
New York City
Oil rose 1%, gold gained $8 and retails sales stores reflcted changing consumer behavior. Market averages rose in the last hour of trading as traders rushed to buy retailers. Caterpillar advanced on upgrade and Marriott gained on earnings. Constellation Brands fell 8% on reporting earnings in line with estimates. Guitar Center fell 12% on lowered earnings and revenue outlook for Q3 and Q4. Starbucks raised store target to 40,000 from 30,000 and to open stores in India, Russia and Brazil.
Elena
05 Oct, 2006
New York City
European markets closed at a five-year high Thursday, boosted by takeover speculation, rebound in commodities prices, and interest-rate increases in line with expectations. London FTSE 100 closed up 0.6%, with Corus Group rising 16% amid hopes that it will enter into a deal with India''s Tata Steel. The German DAX 30 rose 0.5%, while the French CAC 40 advanced 0.6%.
