123jump.com Staff
28 Apr, 2006
Metals
Gold staged $18 rally and closed at a record price of $654 after climbing as high as $658. Gold continues to attract attention with international tension driven by Iran affair. Gold is up 12% for the month. U.S. dollar fell and oil climbed reflating tensions in the international markets.
Elena
28 Apr, 2006
Frankfurt
European markets closed in the negative, extending earlier losses on weakness in the auto sector, dragged by Volkswagen which fell 5.4% on earnings rise that came far below expectations.The German DAX 30 tumbled 1%, the French CAC 40 lost 0.5% and London FTSE 100 fell 0.6%.
Elena
28 Apr, 2006
New York City
Stocks traded mixed Friday morning, reflecting upbeat data on GDP for the first quarter and disappointing earnings and guidance released by Microsoft. The Commerce Department said the nation''''s GDP bounced back to grow 4.8% compared with estimates of 4.9% increase. Wall Street also weighed a decline in consumer confidence as soaring gasoline prices threatened discretionary spending.
Elena
28 Apr, 2006
New York City
The Indian market recovered in the last half hour of trading, immediately after the news that SEBI had suspended its interim order barring Indiabulls Securities from trading. That happened amidst high volatility, with the Sensex moving up and down during the session. Positive results from Reliance also helped boost the market.
Elena
28 Apr, 2006
New York City
U.S. stock futures indicated a weak start, following a positive close Thursday after rate concerns eased down on hopes that the Fed Reserve will halt interest rates hikes. The Commerce Department released a report on Q1 GDP which showed 4.8% growth in Gross Domestic Product, slightly below the expected 4.9% increase. Chevron Corp. reported Q1 profit jump by 49% to $4 billion, or$1.80 per share on 31% revenue increase, beating the average estimate.
Elena
28 Apr, 2006
New York City
Stocks opened in the negative with the major averages posting losses. The Nasdaq sharply dropped as Microsoft weighed on sentiment. Shares of Microsoft dropped 11% after the company reported weaker-than-expected Q3 results and provided disappointing guidance for the Q4. Chevron Corp. reported Q1 profit jump by 49% to $4 billion, or$1.80 per share on 31% revenue increase, beating the average estimate.
Elena
28 Apr, 2006
Frankfurt
European stock markets traded lower at mid-day, dragged down by weakness in oil companies as crude oil prices further declined, with the Italian Eni and the French Total posting the steepest drop among oil majors.The German DAX 30 slipped 0.8%, the French CAC 40 lost 0.4% and London FTSE 100 fell 0.3%.
Elena
28 Apr, 2006
New York City
The Nikkei closed down 1.2% to 16,906.23 as investors were concerned about the decline of the U.S. dollar versus the yen. The Kospi finished down 2.3% on government data, reflecting second month in a row of current-account deficit and Hyundai Motors legal problems. Hong Kong
123jump.com Staff
27 Apr, 2006
New York City
Market averages traded with the rate sentiment and bounced back in the afternoon trading led by a rise in tech stocks. HMO stocks declined on the earnings news from Aetna and WellPoint. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. Office Max jumped up 5% on 77 cents earnings vs. 17 cents a year ago. Altera report lower Q1 profit of 18% to 16 cents.
123jump.com Staff
27 Apr, 2006
New York City
Market averages bounced back in the afternoon trading led by a rise in tech stocks. HMO stocks declined on the earnings news from Aetna and WellPoint. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. Office Max jumped up 5% on 77 cents earnings vs. 17 cents a year ago.
Elena
27 Apr, 2006
Frankfurt
European markets finished down on weaker commodity stocks, mixed earnings reports and deal talk involving companies like Siemens, DaimlerChrysler and GlaxoSmithKline. Major mining companies like Rio Tinto and BHP Billiton sent the resource sector down 3%. The German DAX 30 dropped 0.6%, the French CAC 40 lost 0.7%, and London FTSE 100 declined 0.7%.
123jump.com Staff
27 Apr, 2006
New York City
Market averages declined and then rose on the Fed Chairman comments. Market refocused on earnings as Exxon Mobil, OfficeMax, Marathon Oil, Harrahs, NCR and Pulte Homes and Rockwell Automation released earnings. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. OfficeMax up 5% on 77 cents earnings vs. 17 cents a year ago.
Elena
27 Apr, 2006
Mumbai
Sensex volatility has increased as market braced for earnings, higher margin requirement and general worries on lofty stock prices. Market has been riding on strong liquidity from domestic and international investors. Reliance Industries earnings rose 9%. Arvind Mills fell close to 4%.
Elena
27 Apr, 2006
New York City
U.S. stocks opened in the negative on disappointing earnings news and China''''s decision to raise interest rates. The Chinese central bank lifted its key base rate to 5.85%, the first rise since October 2004. Exxon Mobil dropped 2% after reporting quarterly earnings rise which failed to meet estimates. Alcatel also reported net income drop. Dow component Honeywell was downgraded to underweight from neutral by J.P. Morgan on concerns over environmental liabilities.
Elena
27 Apr, 2006
New York City
Asian markets closed mixed. The Nikkei advanced on strong quarterly results from Japanese companies and continuously falling oil prices. The index rose 0.3% to 17,114.54, supported by blue-chip automakers. Taiwan Weighted index reversed from earlier gains to close down 0.5% on profit taking in tech stocks. Hong Hong Hang Seng closed higher by 0.4% on property stocks.
