Elena
25 Apr, 2006
New York City
Stock futures pointed to a higher opening on strong quarterly results from major companies. 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, down from 96 cents last year, 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.
Elena
25 Apr, 2006
Frankfurt
European stocks gained at mid-day, supported by strong sales from carmaker Renault and food producer Nestle. However, stocks were off earlier highs as recovering crude oil prices erased some of the gains. The German DAX 30 gained 0.2%, the French CAC 40 rose 0.4%, and London FTSE 100 added 0.1%.
Elena
25 Apr, 2006
New York City
Asian markets finished mixed as strengthening Asian currencies against the dollar weighed on exporter issues and large industrial shares. The Nikkei recovered from the steep decline Monday, helped by property stocks like Mitsubishi Estate and Mitsui Fudosan. Export-related stocks like Toyota Motor, Sony and Canon declined. South Korean Kospi closed flat. Hong Kong Hang Seng dropped 0.8%.
123jump.com Staff
24 Apr, 2006
New York City
Asian markets dropped sharply led by a fall in dollar against yen and euro. Markets in Korea, India, Hong Kong and Inodnesia fell in sympathy. International price of oil declined. Gold, silver and copper fell as well. Latin Markets fell led by a fraction by Argentina bucked the trend and rose 1.3%. Russian stocks gained on steady buying from international investors.
123jump.com Staff
24 Apr, 2006
New York City
Market averages confronted earnings, dollar sentiment and merger news in early hours of trading. Weak earnings from American Express and Xerox but strong earnings from Caterpillar did not support early trading sentiment. Oil weakened but failed to fall far. The U.S. dollar came under heavy pressure as Japanese yen and euro rose in the volatile trading. After the close Sun Microsystems reported weak earnings. Scott McNealy resigned and stock jumped 7%.
Elena
24 Apr, 2006
Frankfurt
European stocks closed in the negative on lower start of U.S. markets and weaker U.S. dollar which put key auto and tech stocks under pressure. Export-related issues led decliners with automaker DaimlerChrysler and tech company Philips Electronics moving lower. Banking and insurance stocks also declined. The German DAX 30 dropped 0.3%, the French CAC 40 slipped 0.6%, and London FTSE 100 slid 0.6%.
Elena
24 Apr, 2006
Mumbai
Sensex Index in India cooled-off and lost 1% after rising 7% in last week trading. The index for the year is up 27%. Index in India came under attack after Tokyo corrected 2.8% and other Asian markets lost between 0.5% and 1.5%. IT stocks fell in the trading on the worries related earnings growth.
Elena
24 Apr, 2006
Metals
The three U.S. equity indices moved further down with the Nasdaq standing out as the leading decliner. Stocks declined on weakening U.S. dollar and a mixed batch of Q1 earnings reports. Declining profits at copier maker Xerox Corp. and a reduced 2007 forecast from online brokerage TD Ameritrade Holding Corp. overshadowed positive results from Dow component Caterpillar Corp. Gold and energy stocks declined, following a drop in prices.
Elena
24 Apr, 2006
New York City
Stocks opened in the negative as surging oil prices overshadowed strong earninghs reports. Heavy equipment maker Caterpillar Inc. reported a 48% increase in Q1 profit, beating expectations due to strong sales to mining and energy companies. Novartis reported Q1 net income rise of 32% on 13% revenue growth. Watsco also exceeded expectations, posting Q1 net income rise on 14% revenue growth. Ameritrade fell, despite posting Q1 earnings increase to 22 cents a share, beating estimats by a penny.
Elena
24 Apr, 2006
New York City
Stock futures predicted flat opening with investors focused on surging oil prices and concerns about corporate profits and consumer spending. In earnings news, heavy equipment maker Caterpillar Inc. reported a 48% increase in Q1 profit, beating expectations due to strong sales to mining and energy companies. Novartis reported Q1 net income rise of 32% to $1.96 billion on 13% revenue growth. Watsco also exceeded expectations, posting Q1 net income rise to 47 cents a share on 14% revenue growth.
Elena
24 Apr, 2006
Frankfurt
European markets declined at mid-day as weaker U.S. dollar put key auto and tech stocks under pressure. Dollar-sensitive shares were leading decliners with DaimlerChrysler and Philips Electronics moving lower.The German DAX 30 dropped 0.2%, the French CAC 40 slipped 0.4%, while London FTSE 100 edged down 0.04%.
Elena
24 Apr, 2006
New York City
Asian markets finished broadly lower, led by the Nikkei, making the biggest point drop for the year. The Japanese index plunged 2.8% to 16,941.40 as weaker dollar against the yen dragged export-related auto and electronics stocks. Banking and telecom shares also moved lower. South Korea
123jump.com Staff
23 Apr, 2006
Metals
Recent events in stock market suggest that interest rate hike may come to a stop and that will be good for the econony and by extension for stock market. It is widely believed that price inflation is under check and asset inflation is temporary. The Fed has broadcasted in recent days that higher rates may wait. It is this lost time in waiting, may limit the Fed from taking actions to save dollar from future attacks in the international markets. Will gold rise in the short term?
123jump.com Staff
21 Apr, 2006
Metals
Central Bank around the world have decreased theri gold holding since the beginning of the decade. U.S. dollar volatility, persistent and growing trade and current account deficit in the U.S. may pormpt Central BAnks around the world to begin diversification of their holdings. The U.S. trade deficit is likely to reach above $900 billion by the yeaar end. Total gold holding of the U.S. is only $160 billion.
123jump.com Staff
21 Apr, 2006
New York City
Gulf of Mexico has witnessed one of the largest sustained loss of oil and gas production in the last six months. In the last six months 27% of oil and 20% of gas production has been lost. Iran suggested higher oil prices and reiterated that Western nations can afford to real oil price. In the past Iran has suggested oil price of more than $100 per barrel.
