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.
123jump.com Staff
21 Apr, 2006
New York City
Market averages for the most of the day fell after rising in the morning. Rising prices of oil and metals acted as a damper to trading sentiment. Analyst downgrade of Dell sent tech stocks lower. SanDisk and Getty Images lost 10% or more as earnings disappointed market. Mexico lowered rate from 7.25% to 7.0%. Mexico, India, Indonesia and Russia surge during the week.
123jump.com Staff
21 Apr, 2006
New York City
Emerging markets remained a favorite destination of international investors. Markets in Asia, India, Russia and Mexico staged record highs during the week led by 7% rise in India. Mexico closed at record high on ninth rate cut in nine months and Brazil cut the rate earlier this week as well. India did not raise the rate this week surprising the market. International prices of metals, commodities and oil supported emerging markets gains around the world.
Elena
21 Apr, 2006
Frankfurt
European markets closed in the positive, boosted by strong U.S. markets start on the back of upbeat news from Google and 3M. The tech sector was the only decliner, dragged by disappointing quarterly results from Sweden
Elena
21 Apr, 2006
Mumbai
Sensex came under heavy selling pressure in the morning trading only to lose 160 points at mid-day. The index staged a slow recovery in the last 30 minutes of trading to close 30 points lower. Sensex gained 7% for the week and amid increasing volatile trading.
Elena
21 Apr, 2006
New York City
Ford posted its biggest deficit in more than four years on restructuring plan with sales down 9% on lower demand. Dow industrial 3M rose 2% on 17% quarterly profit jump, reflecting improved sales. The company increased outlook. McDonald''s Corp. said its earnings dropped 14% from the year before, despite 6% sales growth. SanDisk Corp. said Q1 profit fell almost 47% to 17 cents a share, on $623 million in revenue, blaming acquisition of Matrix Semiconductor and compensation expenses.
Elena
21 Apr, 2006
New York City
Google shares sharply jumped after the company posted Q1 profit jump of 60% on revenue growth of 79%. Earnings for the quarter came in at $1.95 vs. $1.29 a year ago on gross revenue of $2.29 billion. Google generated 58% of sales from ads on its own site and 41% from its advertising partners.
Elena
21 Apr, 2006
Frankfurt
European stocks rose at mid-day, supported by six-year-high close of the Dow overnight which offset disappointing news from Sweden
Elena
21 Apr, 2006
New York City
Asian-Pacific benchmarks finished mixed. The leading gainer was China Shanghai Composite, rising 2.2%, led by Sinopec. South Korean Kospi reached a record high of 1.2%, lifted by major tech companies. The Nikkei rose 0.5%, helped by blue chip stocks. Markets in Hong Kong, Australia and Taiwan declined.
123jump.com Staff
20 Apr, 2006
New York City
Market averages rose in the morning hours but failed to maintain the advance at close. Oil price fell but trader near elevated level. Gold, silver and copper fell sharply. Google reported 60% rise in earnings and 79% rise in revenue and stock jumped $28 in the after hours trading. International Gaming and Technology rose 1.4% at close on better earnings. Nasdaq markets reported 42% rise in earnings. SanDisk fell 5% on earnings after hours.
123jump.com Staff
20 Apr, 2006
New York City
Emerging markets in general advanced around the wrold led by a rise in India, Indonesia, Philippines and Mexico. Brazil and Argentina declined. A sharp correction in gold and silver prices hurt South African market. Brazil lowered its Selig interest rate by 75 basis points to 15.75%. Bovespa in Sao Paolo briefly touched 40,000 index, yesterday for the first time before settling lower. India closed at record high on 9% rise Reliance Industries.
Elena
20 Apr, 2006
Frankfurt
European shares closed mixed as technology, semiconductor and media stocks rallied to boost markets in France and Germany, but a sharp decline in commodities prices sent U.K. stocks lower. Strong quarterly earnings for Nokia lifted the tech sector. The French media company Vivendi declined. Rio Tinto, Randgold Resources, and Vedanta Resources advanced. The German DAX 30 led advancers, rising 1.1%, followed by the French CAC 40, up 0.9%, while London
Elena
20 Apr, 2006
New York City
Merck posted 11% profit increase in the Q1, despite flat sales. Bank of America posted Q1 net income rose 14% on revenue growth of 41%. Intel posted 38% Q1 profit decline as PC sales slowed. The company cut its 2006 revenue forecast, citing rising inventories of its products. General Motors rose 9% after posting Q1 net loss of 57 cents a share, narrower than a loss of $2.22 a share a year-ago. Online auctioneer eBay fell 7.5% after it hit analyst earnings forecast.
Elena
20 Apr, 2006
Mumbai
Indian market staged a narrow rally and rose 1.2% to a new record on the news than Reliance Petroleum is on the verge of locating oil in Krishna-Godavari basin and Chevron is likely to raise its stake to 40% in the company.
Elena
20 Apr, 2006
New York City
Intel posted 38% Q1 profit decline as PC sales slowed. The company cut its 2006 revenue forecast, citing rising inventories of its products held by PC makers and market share losses. General Motors reported sixth consecutive quarterly loss. The automaker postedQ1 netloss of $323 million, or 57 cents a share, narrower than a loss of $1.3 billion, or $2.22 a share a year-ago. Q1 included a $1.20 a share charge for a healthcare settlement for its retired workers.
