Ivaylo
28 Sep, 2006
New York City
Over the last couple of weeks, gold futures have been able to stabilize even with the energy prices going lower. There have been some indications of lower prices starting to trigger stronger demand in cash markets for gold. Energy prices have begun to stabilize, despite a bearish inventory report on Wednesday. That, in turn has attracted stronger buying interest and reduced selling interest in gold.
123jump.com Staff
27 Sep, 2006
New York City
Market averages rose in the morning hours but managed to hold on to gains during the session. Dow rose to the high for the year but Nasdaq and S&P 5000 were subdued. August durable goods orders fell 0.5% when expectations were for the orders to rise 0.5%. Oil rose inthe final hour of trading after government reported that oil inventory levels were higher than expected at the end of previous week. New home sales rose 4.1% in August to 1.05 million annual rate.
123jump.com Staff
27 Sep, 2006
New York City
Market averages closed higher across the European region led by a surge of 2.6% in Spain and 1.5% rise in Norway. Peogeot said that it may let 10,000 people in Europe by the end of the Europe. Germann E.on raised its bid for Spanish Endesa by 38% taking with it Spanish market higher. Firm oil price supported a rise of 1.5% in Norway. Goldman Sachs raised outlook for BHP and other miners. Aer Lingus prices its IPO at 2.2 euros per share.
Elena
27 Sep, 2006
New York City
U.S. stocks traded higher Wednesday, with blue chip stocks like Intel and McDonalds pushing the Dow Jones Average very close to a new high. Intel rose 3% while Advanced Micro Devices rose 1.7% after a federal judge limited AMD antitrust suit against its larger competitor. Shares of McDonald''''''''s rose 1.5% after its board approved an increase of nearly 50% for its dividend.
Elena
27 Sep, 2006
New York City
The Sensex opened higher today and surged to a fresh high in early morning but profit-taking at blue-chip level saw the index fall in late trading. Volatility was high on account of expiry of September derivative-contracts on Thursday. Reliance Energy led the advancers, while Reliance Capital was the most active stock. The BPO industry in the country has the potential to process up to 30% of the US bank transactions by 2010.
Elena
27 Sep, 2006
New York City
Stock markets opened in the negative reflecting a weak durable-goods report that revived fears of slowing economy. An advance by oil prices further undermined sentiment. Shortly after opening hours, stocks turned flat to higher to enter the positive territory after the Commerce Department said that new home sales rose 4.1% in August, their biggest increase in five months.
Ivaylo
27 Sep, 2006
New York City
Leading stocks traded in positive territory at midday, bolstered by advances across the mining sector, while expectations of a renewed bid approach for EMI from Warner Music was adding to the pervading optimism. The market was also assisted by continued strength across the Atlantic, expected to open higher again today. By mid-day, the FTSE 100 index was up 53.6 points at 5,927.2, with only UK small caps in the red.
Elena
27 Sep, 2006
New York City
Stock market futures turned lower Wednesday, erasing earlier gains with the Dow nearing a new all-time high. Market sentiment was hurt by an unexpected decline in orders to U.S. factories for big-ticket manufactured goods. The Commerce Department reported that durable goods orders dropped 0.5% last month to $209.7 billion, reflecting a decrease in demand for computers and other electronic products.
Elena
27 Sep, 2006
New York City
E.On upped its all-cash offer for Endesa to 35 euros a share vs. a previous bid of 25.40 euros a share. The company''s move comes after Acciona disclosed Monday that it bought a 10% stake for 32 euros a share, suggesting that the Spanish government was urging the conglomerate to buy a stake in order to keep Endesa out of German reach.
Ivaylo
27 Sep, 2006
New York City
Japanese and Australian stocks led a sharp advance in Asian markets on Wednesday, as investors bought consumer, banking and commodity stocks with sentiment improving after a sharp rally on U.S. markets overnight. Japanese stocks soared in the wake of the election of the new government. Hong Kong advanced as dropping U.S. bond yields helped lift demand for local and Chinese banking and property companies.
Ivaylo
27 Sep, 2006
New York City
A return to gains in the mining sector and the bid for Spanish utility Endesa by E.On buoyed European stock markets to advance in early trading Wednesday. The mining companies strong cash generation raises the prospect of higher dividends or further buybacks and M&A, which is believed to support a recovery in the shares. The U.K. FTSE 100 index rose 0.6%, the German DAX Xetra 30 index rose 0.5% and the French CAC-40 index climbed 0.5%.
Ivaylo
27 Sep, 2006
New York City
There was a little bit of a rally, even though the dollar was up. But gold futures just moved to the top of the range. The market was trading down to support the gold prices just above the $590 area, then bounced off, from a technical perspective. A little buying come into that price level, and that created a little short covering.
123jump.com Staff
26 Sep, 2001
New York City
Traders rushed to buy stocks as regional economic report showed higher degree of manufacturing activity and consumer confidence report noted rising level of confidence. Metals priced gained but by a fraction. European markets rose on telecom and mining stocks. Latin Markets surge was led by 2.5% rise in Brazil. Lennar warned that fourth quarter earnings will be lower than expected and Lowes lowered earnings forecast for the year. S&P 500 surpassed high of February 2001.
Elena
26 Sep, 2006
New York City
European markets closed at a four-month high on the back of strong technology and resource stocks. Positive mood on Wall Street and a decline by the euro also contributed to the upward move. The French CAC 40 was the leading gainer, rising 1.4%, followed by London FTSE 100, up 1.3% on strong commodities-related stocks. The German DAX 30 rose 1%, boosted by tech shares like chipmaker Infineon Technologies and software maker SAP.
Elena
26 Sep, 2006
New York City
Better-than-expected improvement of consumer confidence index for September helped stocks move higher. The Conference Board said that consumer confidence rose to 104.5 from a revised reading of 100.2 in August, exceeding forecasts of a rise to 103. Following the confidence data, home improvement stores Home Depot Inc. and Lowe''s Cos. gained 1% and 1.5% respectively.
