Elena
12 Sep, 2006
New York City
On the economic news front, the Commerce Department said that U.S. trade deficit widened by 5.0% in July to a record $68.0 billion. The trade deficit was above the consensus analyst forecast of a deficit of $65.4 billion.
Elena
12 Sep, 2006
New York City
Banks and technology stocks were the backbone of the reversal from weak market to rally by the benchmark index in the second half of trading session today. What gave momentum was the strong data on July industrial production released by the government. Reliance Industries, TCS, Infosys and SBI led the advancers. Finance Minister Chidambaram stated that high industrial growth will not necessarily affect interest rates and he expects foreign investments from Japan and the U.S. to rise.
Elena
12 Sep, 2006
New York City
U.S. stocks opened on a positive note Tuesday as better-than-anticipated quarterly earnings from Goldman Sachs helped offset news of a record trade deficit in July. Investment bank Goldman Sachs said its fiscal Q3 profit fell 1% from a year ago, to $3.26 a share on revenue $7.46 billion, but exceeded expectations of earnings of $2.97 a share on revenue of $7.17 billion.
Ivaylo
12 Sep, 2006
New York City
The market initially declined after four gunmen attacked the U.S. embassy in Damascus on Tuesday, but the quick solution to problem, leaving staff unscathed, soothed sentiment. The prospect of more stable commodity prices brought marketmen back to trading. BHP Billiton and Rio Tinto advanced, though smaller mining companies such as Antofagasta and Kazakhmys extended losses. By mid-day GMT, the FTSE was up 0.1%.
Elena
12 Sep, 2006
New York City
U.S. stock market futures were sitting near the flat mark Tuesday morning after news of a failed attack on the U.S. embassy in Syria and data showing wider-than-expected trade gap. Yet, upgrades in the technology sector and a rise by the shares of Goldman Sachs helped offset worries about Texas Instruments Inc.''s Q3 forecast.
Elena
12 Sep, 2006
New York City
The company forecasted total sales in the range of $3.71 billion to $3.87 billion, compared with its previous estimate of $3.63 billion to $3.95 billion. It projected earnings per share between 44 cents and 46 cents compared to its previous outlook of 42 cents to 48 cents.
Ivaylo
12 Sep, 2006
New York City
Asian shares closed mostly lower on Tuesday as a plunge in commodity prices pushed lower oil and mining shares like PetroChina and BHP Billiton, while Japanese industrials including Komatsu cannot still convalesce from weak machinery-order data. Japanese markets turned lower in the afternoon on data showing that consumer confidence declined in August. Only the benchmark index Hang Seng in Hong Kong and Shanghai Composite Index closed higher.
Ivaylo
12 Sep, 2006
New York City
The stocks had briefly slipped into the red on news of a thwarted attack on the US embassy in Syria. The strong performance in the technology sector outweighed concerns over the plummeting oil prices leading the energy sector down. By mid-morning, the FTSE 100 in London was flat, the Xetra Dax in Frankfurt rose 0.2% and the Paris CAC-40 gained 0.2%.
Ivaylo
12 Sep, 2006
New York City
The moves accelerating when chart-based selling was triggered. Silver suffered especially hard after the metal had outperformed gold at times over the summer but has now plunged below a key uptrend line. A couple of the contacts cited momentum-based selling of metals after prices also declined late last week, with funds said to be among those liquidating long positions.
123jump.com Staff
11 Sep, 2006
New York City
Three popular averages rose as oil fell. Shares of Dell fell on delays to Q2 earnings filing, suspension of stock buybacks, and accounting probes by the SEC. The company
123jump.com Staff
13 Aug, 2008
New York City
Mumbai stocks fell after advisory panel to prime minister indicated a need for a tighter monetary policy. Inflation is likely to persist at or above 11% for the rest of the year before dropping below 9% in the first quarter of the next year. Separately, the finance minister indicated economic growth in the current fiscal year to be at 8%, higher than estimated by private economists. Tata Steel and Vietnam form a joint venture to build 4.5 million ton steel plant with $5 billion investment.
123jump.com Staff
13 Aug, 2008
New York City
The Bank of England lowered its economic growth estimate for UK economy to 0.1% from 1% in the first quarter of 2009. The lowered economic expectations dragged British pound to the lowest level in nearly two years. Interest rates are likely to fall in the coming months as economy falters. Financials fell after ING reported a earnings fall of 28%. Barclays, Royal Bank of Scotland and HSBC declined.
123jump.com Staff
13 Aug, 2008
New York City
Retail sales in China rose at 23.3% in July after gaining at 23% rate in June. In addition, real estate prices rose 7% in the month, but at the slowest pace in the year so far from a year ago. The price rise has steadily declined from a rise of 11.3% in January to 9.2% in May. The report also notes that prices of existing homes advanced 6% year-on-year during the period, which is 1.5 percentage points higher than June.
123jump.com Staff
13 Aug, 2008
New York City
Stocks in Japan fell 2% after economy contracted at the end of the first fiscal quarter and current account surplus fell. Exports declined in the quarter along with the rising food and energy prices kept consumer spending in check. GDP in the quarter to June contracted at 2.4% as exports fell 2.3% and imports declined 2.8% with the consumer spending weakening by 0.5%. Mitsubishi UFJ commences its tender offer to acquire UnionBanCal and may have to raise it above the current $3 billion offer.
123jump.com Staff
18 Aug, 2008
New York City
U.S. stocks opened higher tracking fractional gains in the European markets. Markets in overnight trading in Asia closed mixed with Japan index trading up 1% but index in Hong Kong fell more than 1%. In the UK trading, commodities and energy stocks traded higher with a slight pick up in crude oil and metals prices. BHP Billiton increased its dividend by 49% after it reported annual earnings rise of 15% and revenue gain of 25%. Lowes, home improvement
