Elena
23 Mar, 2006
New York City
Stocks declined at opening on disappointing guidance from software maker Adobe Systems and a report which showed an unexpected drop in jobless claims and raised inflation and interest-rate concerns. ConAgra Foods posted a Q3 loss of 6 cents a share from a profit of 32 cents a year-earlier. General Mills reported Q3 profit rise of 7% to 68 cents a share on 3% net sales growth, beating expectations.
Elena
23 Mar, 2006
New York City
India market came under intense selling on the news that Congress Party Chief Sonia Gandhi has resigned from her Parliament seat to avoid controversy related to the qualifications of the membership rules. Sensex lost 131 point gain to close unchanges. Steel and stocks rose but Sugar stocks took beating.
Elena
23 Mar, 2006
New York City
Stock futures pointed to a lackluster opening on disappointing guidance from software maker Adobe Systems. Meanwhile, Yahoo gained after UBS raised its rating on the company. An unexpected drop in jobless claims gave a signal of healthy job market. 302,000 people applied for jobless benefits vs. 313,000 last week. Economists had expected a decline to 305,000.
Elena
23 Mar, 2006
Frankfurt
European stocks traded mixed at mid-day, reflecting weak energy stocks which declined on five-week low oil prices and largely limited gains on higher Wall Street close and strength in the mining sector. The German DAX 30 gained 0.1%, the French CAC 40 lost 0.2%, and London FTSE 100 fell 0.2%.
Elena
23 Mar, 2006
New York City
Asian-Pacific benchmarks largely advanced Thursday, lifted by Wall Street gains overnight. Hong Kong Hang Seng rose 0.8%, despite interest-rate concerns. South Korean Kospi gained 0.2%, supported by 5.1% rise in Kookmin Bank. Australian All Ordinaries climbed 0.4% on strong mining and energy stocks like BHP Billiton and Rio Tinto. The Nikkei edged down 0.04% on heavy sell-off of steel, property and brokerage shares.
123jump.com Staff
22 Mar, 2006
New York City
Market built a slow but steady rise in averages during the day despite negative news from General Motors and Microsoft. GM buyout may not go far enough and Microsoft delay in lauching Vista caused ripple effects in chip and hardware stocks. Tech stocks sold-off but Nasdaq Index gained at close. Weekly petroleum report suggested healthy inventories of crude oil and gasoline. Emerging markets around the world corrected but Brazil advanced.
123jump.com Staff
22 Mar, 2006
New York City
Latin markets were no exception to the sell-off in the emerging markets across the world. Argentina, Venezuela, Mexico and Chile lost 0.9%, 0.45%, 0.66% and 0.22% respectively near close. Brazil managed to buck the trend and traded as high as 0.8% up for the day. Large caps were under pressure in Mexico but gained in Brazil. Emerging markets around the world faced a sharp correction led by markets in Asia.
123jump.com Staff
22 Mar, 2006
New York City
Metals have enjoyed booming market on the back Chinese demand for copper and zinc and Indian and Middle Eastern demands for gold and silver. The price of silver crossed 22-year peak during yesterday trading on strong volume on the news of an approval of silver ETF by Barclays. Copper inventories are low but are rising and metal may face price correction that traders have been predicting for six months.
123jump.com Staff
22 Mar, 2006
Frankfurt
U.K. stocks rose modelstly on the news that retailer GUS rejected an offer for its credit rating agency, Imperial Chemical may get a bid from DuPont and media company ITV after rejecting an offer from U.S. based private equity partners. The stocks in France and Germany on the upswing. European stocks have seen the sustained positive gains for ten days, longest in last five years.
Elena
22 Mar, 2006
New York City
U.S. stocks opened mixed. The Nasdaq declined on weak tech stocks, following news that Microsoft will delay the release of its operating system, raising concerns that this will negatively affect computer makers. The Dow gained after Morgan Stanley reported 17% earnings rise for Q1 on record revenues, beating expectations. General Motors also provided support, rising 2.6% on agreement with Delphi and UAW. FedEx reported Q3 net income rise of 35% on 9% revenue growth, beating analyst estimates.
Elena
22 Mar, 2006
New York City
U.S. stocks opened mixed. The Nasdaq declined on weak tech stocks, following news that Microsoft will delay the release of its Vista operating system, raising concerns that this will negatively affect computer makers like Apple, Hewlett-Packard, Dell. The Dow gained after Morgan Stanley reported 17% earnings rise for Q1 on record revenues, beating expectations. General Motors also provided support, rising 2.6% on agreement with Delphi and UAW.
Elena
22 Mar, 2006
New York City
Tech futures declined on news that Microsoft will delay the release of its Vista operating system, sending shares of memory chip and computer makers down. In earnings news, Morgan Stanley reported earnings rise for Q1 of $1.54 per share on revenues of $8.48 billion, beating expectations. Apparel retailer Nike posted 19% profit increase in Q3 on sales growth, beating estimates.
Elena
22 Mar, 2006
New York City
Indian market managed to gain another 1,000 points in less than 30 days of trading on strong fund flows from domestic investors. International investors have been cautious as index scaled new high for the last six days in a row.
Elena
22 Mar, 2006
Frankfurt
European averages traded mostly in the red, dragged by interest-rate concerns. However, pharmaceutical, media and auto stocks limited the downward trend. The German DAX 30 fell 0.2%, the French CAC 40 dropped 0.4%, while London FTSE 100 edged up 0.02%.
Elena
22 Mar, 2006
New York City
Asian-Pacific markets sharply dropped Wednesday on continuous interest-rate concerns and weakness in the tech sector after Microsoft announced a delay of its operating system. South Korean Kospi tumbled 2%, dragged by tech stocks, Hong Kong slipped 1.8%, followed by Taiwan Weighted index, down 1%. The Nikkei lost 0.8% with losses limited by Nippon Steel. Australia was one of the very few gainers, up 0.4%.
