Elena
28 Feb, 2007
New York City
European stocks closed lower for a second day in a row, due to a heavy sell-off sparked by worries that global markets will extend losses. Mining stocks were notable decliners. Rio Tinto lost 2.3%, BHP Billiton dropped 2.8% and Anglo American shares declined 3.6%. The U.K. FTSE 100 declined 1.8% at 6,171.50, the German DAX Xetra 30 dropped 1.5% at 6,715.44, and the French CAC-40 slipped 1.3% at 5,516.32.
Elena
28 Feb, 2007
New York City
U.S. stocks recovered Wednesday from the heavy drop in the previous session, helped by generally upbeat economic data and comforting comments from Fed Reserve Chairman Ben Bernanke who said that there was no single trigger to Tuesday''s market plunge and the economy may strengthen later this year. The Dow bounced 52 points, supported by 3.6% for Procter & Gamble, 2.2% for Walt Disney and 1.4% for Altria Group. Merck also boosted the blue-chip average, rising 2.2% on lifted earnings outlook.
Elena
28 Feb, 2007
New York City
U.S. stocks opened higher, recovering from the steep losses posted yesterday when Dow Jones industrials plunged 416 points. Some of the most notable decliners on Tuesday gained ground, with American Express, up 0.9%, Procter & Gamble, rising 2.6%. The Dow was also helped by Merck & Co., which rose 2.4% after lifting its Q1 earnings forecasts. Boeing gained 0.5% after J.P. Morgan upgraded its stock. However, Home Depot fell 0.6% amid 2007-profit warning.
Ivaylo
28 Feb, 2007
New York City
Although still deep in the red, London is near its best levels of the session as the benchmark index moved off session lows in midday trade. The index is also supported by US futures readings pointing to a positive open on Wall Street, although mining stocks, banks and oil majors all fell. Whitbread has reversed initial losses and is leading the gainers. After losing 2.3% in the previous session, the FTSE 100 rallied in mid-session trade, trimming losses to 1%, or 64 points, at 6,222.0.
Elena
28 Feb, 2007
New York City
U.S. stock futures pointed to a slightly higher opening on Wednesday, following a heavy global sell-off yesterday. The pre-market sentiment was helped by partial recovery in Shanghai, as well as data on Q4 economic growth, which was revised down less than expected. The Commerce Department said that economy grew at a sluggish 2.2% pace in Q4, much slower than the initially reported reading of 3.5%. Economists had been expecting a downward revision of 2%.
123jump.com Staff
08 Jan, 2008
New York City
Stocks in Hong Kong closed lower 0.3% or 66.59 to 27,112.90 after reversing morning gain of 1.7%. Hong Kong reported foreign exchange in December rose to $152.70 billion, an increase of $2.3 billion from November. China Merchants Bank estimated an increase of 110% in 2007 earnings to Rmb 15 billion, lifting stocks in the banking sector.
Ivaylo
28 Feb, 2001
New York City
The Shanghai Composite Index rebounded on Wednesday, supported by continued interest from individual investors, comments from government officials and signs that the largest decline in a decade was not indicative of the underlying health of Chinese economy. The drop in US markets overnight weighed on market sentiment in the rest of Asia as all markets ended in negative territory. Only Taiwan bucked the trend and gained.
Ivaylo
28 Feb, 2007
New York City
The market plunged Wednesday, finishing below the 13,000 level on heavy selling in an extremely volatile session. The long-awaited Union Budget did not surprise investors as it was aimed at taming inflation and the price increase. IT and cement stock were hit the most with Satyam and Gujarat Ambuja leading the decliners. Only ITC gained of 30 stocks Sensex index.
Ivaylo
28 Feb, 2007
New York City
European stocks markets canceled out the gains made this year as the global sell-off continued with stock indices declining sharply across Asia and the US. Property groups were among the worst hit. European emerging markets were severely hit for a second successive session as investors lowered their exposure to risk. By mid morning, the three major stock indices were lower. Frankfurt Xetra Dax fell 1.6%, the CAC 40 in Paris shed 1.7% and London
Ivaylo
28 Feb, 2007
New York City
Gold futures finished lower Tuesday for the first time in three sessions on concerns that Chinese demand for commodities may weaken, and price losses worsened in electronic trading after U.S. stocks suffered their biggest one-day loss in more than five years. The decline sent many metals-mining shares to their lowest levels in a month. Traders are concerned that measures that slow the Chinese economy will reduce demand for metals.
123jump.com Staff
27 Feb, 2007
New York City
Market averages opened lower and fell sharply in the afternoon trading dragging with it European and Latin American Markets. Worries on global economic slow down led world markets to correct. Large-cap stocks were down more than 1%, Alcoa fell 4.5%, Caterpillar was off 3.8%, GM declined 5.2% and DuPont lost 3.4%. Tech stocks closed lower too. Brazil, Germany and France declined more than 3%.
123jump.com Staff
27 Feb, 2007
New York City
U.S. stock index futures fell as a tumble in China''''''''s main stock index worried investors before a slew of U.S. economic data and earnings reports. With less than hour of trading left, Dow Jones is down 480 points, and Nasdaq is down 16.75 points. The U.S. stocks market skidded after Federal Reserve Chairman Alan Greenspan said that a U.S. recession was possible by the end of the year. China closed 9% lower and France and German closed down 3% each.
Elena
27 Feb, 2007
New York City
European stocks closed in the red Tuesday, taking a hit from the plunge in the Chinese stock market, led by shares of leading mining companies. Rio Tinto, BHP Billiton and Anglo American all fell by more than 4%. British Airways slid 3.6% and Deutsche Lufthansa declined 2.9%. Iberia was another decliner, losing 4.2%. The DAX 30 closed down 3% at 6,819.65, the French CAC-40 declined 3% at 5,588.39 and the U.K.''''s FTSE 100 slipped 2.3% at 6,286.10.
Elena
27 Feb, 2007
New York City
U.S. market averages suffered considerable weakness on Tuesday morning, with Dow Jones falling as low as 120 points. The blue-chip index was weighed by steep declines in shares of Alcoa, down 3%, Caterpillar, down 2.4%, Dupont, down 2%, and General Motors, falling 3%. Better-than-expected existing homes sales and a rise in consumer confidence failed to offset the negative sentiment generated by a steeper-than-expected drop in durable goods orders in January, but helped limit losses.
Elena
27 Feb, 2007
New York City
Wall Street opened deeply in the red on Tuesday, joining a global stock decline amid concerns of slowing economies in China and the U.S. A 10% drop in Chinese stocks, a warning that the U.S. economy may be headed for a recession, and weak data on durable goods orders exacerbated concerns about the economy. The Dow Jones Industrial Average fell 130 points.
