Elena
11 Apr, 2006
New York City
Asian markets finished mostly in the negative, reflecting general weakness among technology and semiconductor stocks. The Nikkei moved lower for a second day in a row on cautiousness ahead of earnings reports and news that BOJ decided to leave benchmark interest rate at zero percent. South Korean Kospi dropped 0.9% on profit taking, Hong Kong Hang Seng lost 0.3%, while Australia All Ordinaries rose 0.8% on mining stocks.
123jump.com Staff
10 Apr, 2006
Metals
Market averages rose in the early hours of trading but tech stocks lost momentum in the afternoon and failed to recover. Oil traded up and closed near $70. Gold and silver advanced with gold above $600 and silve racing to $13. Emerging markets and European markets closed up led by Russia, Norway,India and Mexico. Alco reported 69 cents vs. 30 cents a year ago. Newspaper publishers and GE and Genentech to report earnings this week.
123jump.com Staff
10 Apr, 2006
New York City
Emerging markets led yet another day of steady rise in Russia, India and Mexico. Russia rose 2.2%, India added 0.63% and Mexico gained 0.3% at close. Indonesia closed at all time high. Russian markets have added more than 32% for the year and India is up 22%. Local economic growth and consumer spending is fueling growing optimisms in two nations.
123jump.com Staff
10 Apr, 2006
New York City
Market shifts focus to the first quarter earnings season led by Alcoa earnings tonight. Genentech and General Electric are two other large companies to follow this week. In all eight S&P companies are set to release earnings this week. Several newspaper companies including Gannett, McClatchy, New York Times and Tribune are to release earnings this week.
Elena
10 Apr, 2006
Frankfurt
European stocks recovered in afternoon trading to close sharply higher, supported by oil, mining and auto stocks. Oil companies like BP and Royal Dutch Shell rose on higher crude oil prices. The Italian MIB-30 climbed 1.3% after exit polls pointed to an opposition election victory. The German DAX 30 jumped 0.9%, London FTSE 100 rose 0.7%,and the French CAC 40 gained 0.3%.
Elena
10 Apr, 2006
New York City
U.S. stocks traded mixed in late morning ahead of quarterly earnings reports and economic data. Oil, oil service and natural gas stocks moved notably higher on surging oil prices. Oil giant Exxon Mobil gained nearly 1% and Chevron rose 1.7%. Gold stocks were other conspicuous gainers. At the same time, rising oil dragged airline stocks down. Shares of Boeing hit a record high after the company agreed to settle U.S. allegations of violation of export regulations.
Elena
10 Apr, 2006
New York City
U.S. stocks advanced in early going with the oil, oil service and natural gas sectors moving notably higher on surging oil prices. Oil giant Exxon Mobil gained nearly 1% and Chevron rose 1.6%. Gold stocks were other conspicuous gainers. At the same time, rising oil dragged airline stocks down. Railroad stocks were also weak with CSP CP down 1.4% and Union Pacific losing 0.8%.
Elena
10 Apr, 2006
New York City
U.S. stocks started trading modestly higher as investors looked past the steep declines Friday and focused their attenion on the opening of the new earnings season. Apart from aluminum maker Alcoa which kicks off the season, other major companies releasing Q1 results during the week are Genentech, Circuit City, Advanced Micro Devices and General Electric. Starwood Hotels & Res dropped 19%. Railroad stocks were weak with CSP CP down 1.4% and Union Pacific losing 0.8%.
Elena
10 Apr, 2006
Metals
U.S. stock futures predicted a flat start of Monday session, following steep one-day declines on Friday after better-than-expected employment report. JPMorgan Chase & Co. is expected to be in focus after it said it will swap its corporate trust unit for Bank of New York Co.''s 338 retail branches and small business banking network.
Elena
10 Apr, 2006
Frankfurt
European markets were mixed at mid-day. Strong energy, resource and auto stocks sent the British and German averages slightly higher, but concerns over the French economy offset the positive sentiment. The German DAX 30 gained 0.04%, London FTSE 100 rose 0.3%, while the French CAC 40 declined 0.3%, reflecting disappointing industrial production data.
Elena
10 Apr, 2006
New York City
Asian-Pacific benchmarks closed mostly in the red. The Nikkei dropped 0.6% to 17,456.58 on profit taking after reaching six-year highs last week. Technology and machinery stocks led losers with Sony falling 1.2% and Komatsu down 2%. Hong Kong Hang Seng climbed 0.3%, led by MTR and China Mobile.
123jump.com Staff
07 Apr, 2006
New York City
Market averages rose and then fell sharply as trading closed. March employment level and wholesale sales report sparked a wave of buying at the opening. Traders turned cautious in the afternoon on profit taking and prospect higher rates in the coming months. Research In Motion fell 5%. Apple and Goolge fell after rising for the week. Starbucks rose 2% on 10% rise in same-store sales. Mexico and Brazil face sharp correction but Asian markets rise.
123jump.com Staff
07 Apr, 2006
New York City
Emerging markets in Asia continued their advance for the day and for the week. Latin markets closed the volatile week on the downside. Indonesia, India, Philippines and Hong Kong rose for the week. India added 8% in less than ten trading days. Thailand recovered from the election worries. In Latin America Mexico lost 2% and Brazil and Venezuela lost close to 1%.
123jump.com Staff
07 Apr, 2006
New York City
Market lost its trading momentum in the late afternoon.Large caps lead decliners as traders book profits. Earnings season is soon to start with Alcoa, Genetech, Harley Davidson and Commerce Bancorp to report earnings next week. Research In Motion dorpped 5% on lower earnings. Aracruz, Brazilian paper pulp maker reported strong earnings. Emerging markets declied as gold and oil prices fell in international markets.
Elena
07 Apr, 2006
Frankfurt
European markets erased earlier gains to close in the negative. Stocks initially gained some ground on better-than-expected U.S. jobs growth, but eventually fell down on profit taking. Metals and auto stocks were notable decliners, while oil companies advanced on brokerage upgrade of the sector. The German DAX 30 dropped 1.3 %, the French CAC 40 fell 0.9%, and London FTSE 100 lost 0.3%.
