Elena
27 Apr, 2006
Frankfurt
European stocks sharply declined at mid-day, reflecting weaker commodity and energy stocks. Major mining companies like Rio Tinto and BHP Billiton sent the resource sector down 4%, while oil and gas giants Royal Dutch Shell and BP helped the energy sector down 2%. The German DAX 30 dropped 0.7%, the French CAC 40 lost 0.9%, and London FTSE 100 declined 0.8%.
123jump.com Staff
26 Apr, 2006
New York City
Market averages climbed back on the better than expected news on March durable goods order and new home sales. March home sales were reported at 1.21 million level and durable goods orders rose 6%. Pepsi, Monster Worldwide, Boeing and Office Depot reported better than expected earnings. After close Anheuser Busch, Xilinx, Centex reported profit. Xilinx reported Q4 profit of 32 cents vs. 19 cents a year ago, Centex Q4 profit of $3.04 vs. $2.75 and guides lower 2007 and Conoco Q1 profit of $2.34.
Elena
26 Apr, 2006
Frankfurt
European markets closed higher, boosted by gains in the tech and health-care sectors on upbeat news from chipmaker Infineon Technologies and Swiss pharmaceutical Roche. Automotive shares like Renault, Peugeot, and DaimlerChrysler also contributed to the upward momentum. The German DAX 30 added 0.5%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.5%.
Elena
27 Apr, 2006
New York City
Exxon Mobil, oil company, reported quarterly profit rose 7%, or $1.37 a share to $8.4 billion, up from $1.22 a share last year. The income increase was attributable to surging crude oil prices. Although it was the biggest profit ever posted in the first quarter, it failed to meet forecasts. Exxon Mobil shares fell 2.2% to $61.70 in pre-market trading.
Elena
26 Apr, 2006
New York City
Stocks rallied in late morning trading, supported by robust earnings reports and continuous decline of oil prices. Stronger-than-expected economic data failed to hurt market sentiment. PepsiCo reported profit rise of 12% on improved sales. The company also backed its 2006 outlook. A broker''''s upgrade of General Motors Corp. also lifted sentiment.
Elena
26 Apr, 2006
New York City
Volatile index, Sensex in India has witnessed a tug of war between optimist on earnings and local economy and pessimist on risks investing in emerging markets. Market has witnessed increased volatility in the last one month of trading. Daily jump or fall of more than one percent is increasingly becoming regular.
Elena
26 Apr, 2006
New York City
Stocks opened in the positive as strong earnings overshadowed interest rate concerns. Colgate-Palmolive rose 1.2% on higher Q1 profit. The consumer products maker reported profit increase of 8.1% to 59 cents a share, from 53 cents, a year ago, citing solid sales and volume gains. Boeing reported Q1 net income rise of 88 cents per share, beating estimates of 76 cents per share, but quarterly revenue below analyst expectations.
Elena
26 Apr, 2006
New York City
Boeing reported Q1 net income rise of $692 million or 88 cents per share, beatung analyst estimates of 76 cents per share. However, shares of Boeing fell 1.5% in pre-market trading, as the company reported quarterly revenue below analyst estimates.
Elena
26 Apr, 2006
Frankfurt
European stock markets traded higher at mid-day, boosted by strength in the tech sector. The leading gainers were chipmakers Infineon Technologies and STMicroelectronics. The German DAX 30 added 0.2%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.4%.
Elena
26 Apr, 2006
New York City
Asian markets finshed higher, lifted by improved global consumption outlook, following a rebound in oil prices and strong U.S. consumer confidence report. The Nikkei rose 0.5% to 17055.30, boosted by industrial and consumer-oriented stocks. South Korea
123jump.com Staff
25 Apr, 2006
New York City
Emerging markets encountered volatile trading for the second day of the week. Markets around the globe declined led by a steep decline in India, Thailand, Hong Kong and Chinese stocks trading in Hong Kong. Mexico bucked the trend and gained 0.8%. International price of oil declined byut stayed near elevated levels.Chinese stocks in Hong Kong strading came under renewed pressure on worries that government may tighten moentary authority to control recent rise in the market.
123jump.com Staff
25 Apr, 2006
New York City
Market averages came under pressure on existing home sales and consumer confidence data. Existing home sales edged up in March to 0.3% and consumer confidence rose to four year high. A string of mixed earnings failed to excite traders. Burlington Northern reported earnings of $1.09, up 28% on revenue growth of 16%. The stock fell 8%. Amazon reported earnings of 12 cents vs. 18 cents a year ago on revenue growth of 20%. The stock rose 1.5% in the after-market.
Elena
25 Apr, 2006
Frankfurt
European shares erased earlier gains to close mixed as U.S. interest rates weighed in regional markets and largely offset gains for carmaker Renault and food producer Nestle. The German DAX 30 finished flat, London FTSE 100 slipped 0.2%, while the French CAC 40 rose 0.3%.
Elena
25 Apr, 2006
New York City
Market turned lower on concerns about higher interest rates, raised by strong economic data. The Conference Board reported that consumer confidence rose to 109.6, reaching its highest level in almost four years, despite energy costs. In a separate report, the National Association of Realtors said sales of existing homes edged up 0.3% last month to a seasonally adjusted annual rate of 6.92 million units.
Elena
25 Apr, 2006
New York City
Stocks turned to the downside after stronger-than-expected economic data raised inflation concerns. AT&T reported Q1 earnings rise of 52 cents per share compared to 34 cents per share in the year ago quarter, beating estimates of 48 cents per share. DuPont reported Q1 earnings decline of 93 cents per share, but well above analyst estimates of 80 cents per share. Lockheed Martin posted 60% profit jump in Q1 to $1.34 per share from 83 cents a year ago, beating estimates
