Elena
29 Jun, 2006
New York City
Stock futures indicated a higher opening ahead of a key Federal Reserve decision on interest rates, expected to result in a quarter-point rate hike to 5.25%. In other economic news, the Commerce Department reported that gross domestic product zoomed ahead at a 5.6%, while the Labor Department said that initial jobless claims increased by a seasonally adjusted 4,000 to 313,000 for the week ending June 24.
Elena
29 Jun, 2006
New York City
The Commodity Futures Trading Commission said that BP traders, having the consent of senior management,
Ivaylo
29 Jun, 2006
New York City
Asian stocks gained Thursday tracking U.S. gains, as weaker-than-expected Japanese industrial production figures failed to impact market sentiment negatively and investors continued to stay on the sidelines ahead of an expected rate hike by the U.S. Federal Reserve. The Fed is expected to raise rates by 0.25%, to 5.25% on Thursday, but there is some speculation that the central bank will lift the benchmark rate half a point.
Ivaylo
29 Jun, 2006
New York City
European markets staged a broad-based rally Thursday, with oil and financial blue-chips up front as investors disregarded concerns over inflation ahead of the US Federal Reserve
Ivaylo
29 Jun, 2006
Metals
Anticipating Thursday, traders pointed out that it could be a very charged session with important Fed
123jump.com Staff
28 Jun, 2006
New York City
Market averages staged a late rally as Fed decision held investors back. Investors appear reluctant to take a stand ahead of the rate hike decision. Yield on the 10-year bond has already moved close to 5.25%. Gold lost ground as dollar firmed up. Oil stocks advanced on rising oil prices. Merger news in Europe supported a mild rise in indexes however, markets in Asia lost ground.
123jump.com Staff
28 Jun, 2001
New York City
Market averages are trading near unchanged level. The Senate Finance Committee approved the nomination of Henry Paulson for Treasury Secretary. The full senate vote is expected soon. Wells Fargo traded higher on stock buy back and dividend hike. Apple Computer fell another 3% on an analyst comment that new version of iPod may be delayed.
123jump.com Staff
28 Jun, 2006
Mumbai
Market averages traded with 2% volatility but closed slightly lower. Reliance indusries unveiled a massive retail chain project to benefit from the rising consumer spending. ITC, tobacco giant, disucssed plans to launch food processing and distribution center in the state of West Bengal. Food prices reach a new high major cities.
123jump.com Staff
28 Jun, 2006
New York City
Market averages around the world appear in a holding patter ahead of interest rate descision. In overnight trading Japan fell close to 2%. European share are trading lower at mid-day trading. Emerging markets India, Russia and Brazil traded weak. Gold fell. J Crew priced 19 million shares at $20, above the revised filing range of $15 and $17 per share.
Ivaylo
28 Jun, 2006
New York City
Asian markets ended lower across the board Wednesday, led by Tokyo''s Nikkei Average as Japanese technology and export-related issues such as Kyocera Corp. and Toyota Motor tracking with U.S. declines overnight. Interest-rate concerns keep pressuring investors'' minds, as the Federal Reserve is expected to hike the overnight rate on Thursday in what would be the U.S. central bank''s 17th increase since June 2004.
Ivaylo
28 Jun, 2006
Frankfurt
The US the main stock indicators plunged overnight as investors became concerned that the Fed may continue hiking interest rates to curb inflation. The auto sector had a strong negative influence on the markets as some automaker took losses. London
Ivaylo
28 Jun, 2006
Metals
August gold will likely trade within $580-$600 an ounce through Thursday then look for direction from currencies. The mood is still cautious ahead of the FOMC interest rate decision with some speculating a half-point rate increase instead of 0.25 percentage points that is widely expected. A steeper increase in the interest rate would slow down the dollar''s depreciation against European currencies and so diminish gold''s attractiveness as an investment tool.
123jump.com Staff
27 Jun, 2006
New York City
Market averages fell as investors focused on interest rates, ahead of Fed meeting, despite another day of merger. Hispanic TV broadcaster Univision agreed to be bought by a consortium of investors for $12 billion. Intel agreed to sell for $600 million communication chip division to Marvel Technology. Citizens Banking agreed to buy Republic Bancorp for $1 billion in cash and stock. Latin American stocks closed lower. Oil rose but gold fell.
Elena
27 Jun, 2006
Frankfurt
European markets reversed from earlier gains, made on the back of higher Wall Street start. European trading volume was very thin as investors remained cautious ahead of FOMC meeting on Thursday. The German DAX 30 tumbled 1%, the French CAC 40 dropped 0.6%, and London FTSE 100 fell 0.5%.
Elena
27 Jun, 2006
New York City
Stocks posted losses in late morning, reversing from earlier gains as concerns about interest rates shifted traders'' attention from a round of acquisitions and higher consumer confidence. The Conference Board reported that consumer confidence growth exceeded expectations, with the index rising to 105.7 in June from upwardly revised 104.7 in May. According to another report, existing home sales fell 1.2% to a seasonally adjusted annual rate of 6.67 million units, slightly below estimates.
