Elena
07 Apr, 2006
New York City
U.S. stocks traded higher after upbeat jobs data helped ease inflation worries. The Labor Department said that nonfarm payrolls unexpectedly rose to 211,000, while wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists. RIM fell 5% after the company released lowered Q1 earnings and revenue guidance. Starbucks rose on better-than-expected growth in March same-store sales.
Elena
07 Apr, 2006
New York City
U.S. stocks opened higher after upbeat jobs data helped ease inflation worries. The Labor Department said that nonfarm payrolls unexpectedly rose to 211,000, while wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists. Shares of Research in Motion fell 5% in pre-market trading after the company released lowered Q1 earnings and revenue guidance.
Elena
07 Apr, 2006
New York City
U.S. stock futures predicted higher start of Friday session after upbeat jobs report helped ease inflation worries. The Labor Department said that nonfarm payrolls rose by 211,000, vs. expectations of a rise to 190,000 nonfarm payroll jobs last month. Wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists.
Elena
07 Apr, 2006
Mumbai
Market average gyrated for the most of the day under the fear of rumors and pull back from institutional investors. After rising 8% in less than ten trading days the pull back in averages was anticipated. Daily trading volume jumped to $1.2 billion from $0.9 billion. ACC rose close to 5% on earnings report next week as market awaits fiscal 2006 earnings.
Elena
07 Apr, 2006
Frankfurt
European stocks traded near the flat line at mid-day, reflecting cautiousness ahead of U.S. jobs report and news that BAE Systems is selling its stake in Airbus. The German DAX 30 inched up 0.01%, the French CAC 40 edged down 0.01%, while London FTSE 100 gained 0.3%.
Elena
07 Apr, 2006
New York City
Asian-Pacific benchmarks advanced across the region,supported by technology stocks. The Nikkei recovered from earlier weakness to hit a five-and-a-half-year high of 0.4% to 17,563.37 on blue chip and tech stocks. Hong Kong Hang Seng also reached a new high, lifted by flows of speculative funds. The index gained 0.4%. Taiwan Weighted index added 0.4% on semiconductors.
123jump.com Staff
06 Apr, 2006
New York City
Market traded lackluster as metals and oil market dominated news. Oil jumped up. Gold traded for the first time since 1981 above $600 and sivler rose to $12. 3M rose 6% on better earnings outlook but Merck lost 3% on court verdict. Parker Hannifin lost 5% on lower sales. Apple rose added 6% after rising 10% in previous session. In emerging markets Hong Kong rose 1.93%.
123jump.com Staff
06 Apr, 2006
New York City
Emerging markets were mostly lower but Hong Kong managed to gain close to 2%. Local investors bid up the prices of local telecom stocks. Taiwan rose 1.4% on the back of strong demand for semiconductor stocks. South Africa, Mexico and Argentina lost gorund. Brazil added 0.5% on the buying in mining stocks. India and Thailad markets were closed.
123jump.com Staff
06 Apr, 2006
New York City
Precious prices have been rising for the last four years and reached a twenty five year high. rising demand from investors, individual and hedge funds investors have beeen the main driving force for the demad for gold. Jewelry demand from Asia and Middle eastern countries has been rising at a slower pace.
123jump.com Staff
06 Apr, 2006
New York City
With less than an hour of trading market averages are near unchanged mark. Apprael retailer report mixed performance but Bebe Stores and Abercrombie & Fitch rise. Aeropostale, CitiTrends, Tim Horton''''s and Bebe Stores rise near 10% or more. Apple Computer rises another 7% after adding 10% yesterday. Gold trades at $600 and silver reaches $12.
Elena
06 Apr, 2006
Frankfurt
European stocks recovered from earlier weakness to finish above the flat line, reflecting comments on interst rates from the European Central Bank President and strength in the energy, matals and tech sectors. Stronger euro failed to support auto stocks as surding oil and brokerage downgrade weighed. The German DAX 30 edged up 0.04%, the French CAC 40 gained 0.03%, and London FTSE 100 added 0.03%.
Elena
06 Apr, 2006
New York City
Stocks were under pressure on surging oil prices and lower jobless claims. The price increase to $67.75 contributed to significant weakness among airline stocks, with Continental Airlines and AMR, falling on worries about higher fuel costs. Utilities stocks also showed weakness on inflation concerns and further interest rate hikes.
Elena
06 Apr, 2006
New York City
Stock markets opened lower on inflation concerns, raised by surging oil prices and lower jobless claims. In addition, retailers generally disappointed with April sales reports. Wal-Mart, reported 1.4% same-store sales rise in March, the smallest increase in sales since April of 2005. Teen apparel retailers came under pressure, dragged by Abercrombie & Fitch, Pacific Sunwear and Hot Topic which posted flat to lower March same-store sales.
Elena
06 Apr, 2006
New York City
The world''s largest retailer Wal-Mart, reported 1.4% same-store sales rise in March, slightly above the 1.3% growth predicted by the company, but still the smallest increase in sales since April of 2005. Teen apparel retailers came under pressure, dragged by Abercrombie & Fitch, Pacific Sunwear and Hot Topic which posted flat to lower March same-store sales.
Elena
06 Apr, 2006
Frankfurt
European shares traded mixed ahead of key interest-rate decisions at the Central European Bank and the Bank of England. Gains in the energy and tech sector helped offset losses in auto stocks. The German DAX 30 edged down 0.3%, the French CAC 40 fell 0.2%, and London FTSE 100 added 0.1%.
