Yordanka
16 Apr, 2006
New York City
Two drug discovery companies'' initial public offerings fell in their first day of trading, as investors avoided higher-risk deals. Biopharmaceutical companies Targacept and Vanda Pharmaceuticals both priced $2 below their expected ranges, and then went lower.
Elena
14 Apr, 2006
New York City
Asian markets posted solid gains at close of Friday session. The leading gainer was China Shangai Composite, climbing 2.04% on steel stocks, followed by South Korean Kospi, up 1.9%, boosted by Samsung Electroncs, Posco and other major companies. The Nikkei gained 0.2% on technology and automaker stocks.
123jump.com Staff
13 Apr, 2006
New York City
Short trading week was dominated by rising bond yield, volatile oil price and record prices in the metals market. Oil closed up for the week and reached near $70, gold, silver and copper trader near multi-decade highs and bond yields are above 5%. Earnings are beginnig to gain investors focus. Media publishers reported lower earnings. GE reported 39 cents and AMD 38 cents. AMD lost 10%. March retail sales rose 0.6%.
123jump.com Staff
13 Apr, 2006
New York City
Emerging markets closed mostly up for the day and for the week. Investors remained optimistic in Indonesia, Hong Kong and Brazil. Several markets are already closed for the holiday period. India corercted more than 3% for the week on extremely volatile trading. Recently listed Brazilian airline TAM International completed global offering of $730 million. Stock rose 15% in New York trading.
123jump.com Staff
13 Apr, 2006
New York City
Earnings news dominated trading. Rising jobless claims and consumer confidence along with firmer retail sales put bond market on alert. Yields on ten and thirty year bonds rose past 5%. European market close mostly lower ahead of holiday weekend. Oil and gold decline a fraction. General Electric met but AMD exceeded expectations but stocks decline.
Elena
13 Apr, 2006
Frankfurt
European markets revesed from mid-day declines to finish higher,lifted by strength among U.S. tech stocks and robust sales growth for Carrefour. The world''s second-biggest retailer jumped 3.7% after the company reported first-quarter sales growth of 6% at constant exchange rates and 8.3% at current exchange rates. Ahead of the long Easter holiday, the German DAX 30 gained 0.3%, the U.K.
Elena
13 Apr, 2006
New York City
Stocks turned positive in late morning trading on optimism the Fed Reserve will halt the increase of interest rates after government data indicated the economy was growing at a slower pace. Bayer AG rose 34 cents to $40.59 after it made an official takeover bid of $20.01 billion for German drugmaker Schering AG. General Electric slid 32 cents to $34.14 on Q1 profit rise of 9%, meeting analyst estimates.
Elena
13 Apr, 2006
Mumbai
For the week Indian market has lost more than 3% as trading for the week closed. Cement and metal stocks remained high despite volatile week. Reliance Petroleum IPO was over subscribed in the first hour of trading. Earnings from IT companies are to dominate market in the coming weeks. Infosys and Satyam to release earnings.
Elena
13 Apr, 2006
New York City
U.S. stocks started trading down, reflecting interest rate worries on strong retail sales and four-year high bond yields. The 10-year treasury yield climbed above 5% for the first time since June of 2002. Rate-sensitive housing and utilities stocks came under pressure. Quarterly results from General Electric also weighed as the company posted Q1 net income rise in line with expectations.
Elena
13 Apr, 2006
New York City
The Commerce Department said that retail sales rose 0.6% in March following a revised 0.8% decline in February. Economists had expected sales to increase 0.5%. The Labor Department released a report showing that initial jobless claims in the week ended April 8 rose to 313,000 from the previous week''''''''s revised figure of 301,000. Economists had expected a much more modest increase in jobless claims.
Elena
13 Apr, 2006
Frankfurt
European stocks turned lower at mid-day trading, reflecting weakness among oil companies and sharply higher bond yields. Positive news from Carrefour failed to offset the negative mood. The German DAX 30 fell 0.3%, dragged lower by DaimlerChrysler. The U.K.
Elena
13 Apr, 2006
New York City
Asian-Pacific markets closed mixed. The Nikkei erased morning losses and closed up 0.2% at 17,199.15, supported by strong technology and bank stocks which recovered after three days of losses. Taiwan Weighted index closed at a two-year high. South Korean Kospi rallied 1.6%, while China Shanghai Composite sharply dropped by 2%.
123jump.com Staff
12 Apr, 2006
New York City
Investors focused their attention on earnings. February trade deficit of $65.74 billion, near peak oil prices and rising bond yields did affect the market averages. Copper, siver and gold rose to a new high at close. Earnings from Gannett, Media General, Harley Davidson disappoint but AMD and Circuit City surprise the market.
123jump.com Staff
12 Apr, 2006
New York City
Emerging markets in Asia corrected as Jpan declined 1.5%. Hong Kong and India lost 1.0% and 2.63% respectively. Indonesia and Philippines scale new record. In Latin America Venezuela bounces back on the back of elevated oil prices. Markets in Brazil gain 1.5% but in Mexico close lower ahead of holiday weekend. Gold, silver and copper trade at record levels.
123jump.com Staff
12 Apr, 2001
New York City
Market has turned its focus on earnings. Harley Davidson, Genentech, Media General, Gannett and Circuit City are few companies leading the news. Circuit City is trading up on earnings news but publishing comanies and Harley are on the decline. February trade deficit was no different than ther months. The U.S. has not seen trade surplus since the year 1964.
