123jump.com Staff
21 Mar, 2006
New York City
Broader markets traded up, down and clsoed down. Market traded in a lackluster fashion with most sectors trading lower except energy and chip sectors. Wholesale inflation report kept averages under check. Chicago Board of Trade and China Life traded higher on close to three times than average daily volume. Philippines closed at seven year high and India reached a new intra-day close. Brazil closed 2.11% lower and Venezuela closed unchanged after rising 44% year-to-date.
123jump.com Staff
21 Mar, 2006
New York City
Scandals are never too far from political parties and Brazil is no exception. Sao Paolo market has been riding high for two years on rising commodity prices and exports. Market in Sao Paolo was up 10% at the end of last week. Third bests perfoming market in Latin America after Venezuela and Argentina.
123jump.com Staff
21 Mar, 2006
New York City
Talk of rising interest rates finally reached Asian markets and in particluar index in Hong Kong traded weak. Emerging markets in Asia were in sell mode led by Taiwan, South Korea and Singapore. Sensex in India briefly rose above 11,000 for the first time but lost 0.33% at close.
Elena
21 Mar, 2006
Frankfurt
European markets rebounded from early losses to finish mixed. The German DAX 30 gained 0.1%, the French CAC 40 advanced 0.2%, and London FTSE 100 fell 0.1%. Anglo-Dutch steelmaker Corus Group jumped 7% on news the company is in merger talks with Russian steel producer Evraz Group.
Elena
21 Mar, 2006
New York City
Oil prices recovery boosted the energy sector and helped stocks rebound from intra-day lows. The Dow rose 14 points, while the Nasdaq was up around 2 points. Renewed buying interest in the semiconductor sector also provided support. The best Dow performer was General Motors, rising 4.7%, followed by Intel, up 2.4%. Alcoa and American International Group were the most notable losers.
Elena
21 Mar, 2006
New York City
Stocks extended losses, despite mild selling pressure. The Nasdaq set a new low, falling 0.4% and the Dow hovered near the flat line. Tech stocks declined on earnings report from Oracle Corp. Housing stocks were also weak. The airline sector reached a record high for the year on lower energy prices. The best morning performer was Healthways, rising 17% on raised full-year outlook.
Elena
21 Mar, 2006
New York City
Stocks started trading in a lackluster fashion, reflecting a wholesale inflation report which added to investors'' worries about further interest rate hikes, following Fed. Bernanke''s speech that gave no sign whether monetary policy makers would continue raising interest. Tech stocks declined on earnings report from Oracle Corp. Housing stocks were also weak. The airline sector reached a record high for the year on lower energy prices.
Elena
21 Mar, 2006
New York City
U.S. stocks futures moved to the downside, following a report that showed 1.4% rise in producer prices index and a 0.3% increase in core producer prices, larger-than-expected 0.1% gain of the consensus forecast. Database giant Oracle Corp. reported Q3 earnings rose on revenue growth helped by strength in software and services sales.
Elena
21 Mar, 2006
Frankfurt
European averages lost ground at mid-day, dragged by energy and mining stocks after a sharp drop in oil and record-high copper prices yesterday. The German DAX 30 lost 0.6%, the French CAC 40 slipped 0.4%, and London FTSE 1000 was down 0.2%.
Elena
21 Mar, 2006
New York City
Asian-Pacific benchmarks closed largely down, following U.S. Fed Reserve Chairman speech yesterday. South Korean Kospi rebounded from recent gains to slip 0.8% on tech and brokerage stocks. Hong Kong finished slightly down at 0.05% on cautiousness ahead of FOMC meeting. Philippine stocks reached a seven-year high of 1% on earnings reports. India Sensitive Index hit an intra-day high, breaking the 11,000-point level, but closed down 0.1%. Tokyo Stock Exchange was closed for a national holiday.
123jump.com Staff
20 Mar, 2006
New York City
Sharp drop in oil, stable metal prices, and rising Asian and Latin markets kept investors focused to gains in Europe and Asia. Market is awaiting evening comments from Fed Chairman. Mexico reported a strong rise in january industrial prduction, Indian governement wants Central Bank to grant full convertibility to Rupee. One percent rise in Mexico led gainers around the Latin America.
123jump.com Staff
20 Mar, 2006
New York City
Latin markets continue to advance on rising production, stable commodity prices and lower interest rates prospects. Mexcio gains on strong rise in january prodcution and lower interest rate forecast and a local bank reiterating target for the stock marekt index to rise 10% more by the end of the year. Chile and Brazil traded higher on stable copper and iron ore prices.
123jump.com Staff
20 Mar, 2006
New York City
Emerging markets in Asia has been on a tear for the last three years and today was no different. Markets in Indonesia rose on better economic growth prospect, in Hong Kong rose on China Mobile earnings and India surged on Prime Minister request to grant currency, Rupee, full convertibility. Korea and Philippines markets rose as well.
Elena
20 Mar, 2006
Frankfurt
European averages closed off earlier highs, dragged down by a sharp drop in crude oil prices which largely offset gains in the insurance sector, including 14% rise of Prudential, following a rejection of $30 billion bid from its peer Aviva. Resource stocks, lifted by high metals prices, also provided a boost. The German DAX 30 rose 0.4%, while the French CAC 40 and London FTSE 100 closed slightly below the flat line.
Elena
20 Mar, 2006
New York City
U.S. stocks lost ground in late morning with averages turning red as investors locked in profit taking. Crude oil prices slipped about 1.3% falling to $62 a barrel. Consequently, the Energy sector lost 0.7% with oil majors like Exxon Mobil down. Financial and housing stocks were also under selling pressure, following a strong rally last week. Bank of America lost 0.6%, while Wachovia dropped 1.1%. Wal-Mart rose 1.8% on plans for a major expansion in China.
