Elena
17 Mar, 2006
New York City
Asian-Pacific benchmarks finished broadly higher. The Nikkei rebounded from Thursday sharp decline, supported by strong bank and brokerage stocks. The index surged 1.5% after Softbank announced a $15.6 billion bid for the Japanese assets of Vodafone. China Mobile led Hong Kong higher, South Korean Kospi reversed from losses to gain 0.5%, while Shanghai Composite declined 0.4%.
123jump.com Staff
16 Mar, 2001
New York City
Investors for the second day read economic reports of healthy economic growth and contained inflation. February CPI rose 0.1% after gaining 0.7% in January and Phily Fed suggested that the inflation at retail level is under control. Less than a steep decline in February housing starts and falling yields drove most housing stocks higher. Emerging markets were led by Indonesia and Mexico. India closed at record high for the third time.
123jump.com Staff
16 Mar, 2006
New York City
Most markets in the developing economies maintained their upward bias during the trading day. Markets in Pakistan, Indonesia and Mexico led advancers. Home builders and consumer staples led the advancers in Mexico.Cemex, Homex and Fomex were up at least 1% near close. Brazil index was under pressure near close but several telecom, steel and airline stocks were higher. Marekt in India reached a new high for the third time this week.
123jump.com Staff
16 Mar, 2006
New York City
Emerging markets continue to draw investors attention and funds. Russia, Turkey, Brazil and India are trading for the year are up 15% or more in the first 10 weeks of the year.For the year so far Indian market has attracted $3.3 billion investments from foreign investors. Brazil, Mexico and Russia continue to receive funds from the U.S., Japan and Europe. Brazil last week lowered interest rate by 75 basis points.
Elena
16 Mar, 2006
Frankfurt
European markets closed near the flat line, erasing some of the earlier losses as strong performance from Casino Guichard and Corus Group limited decline on pressuring oil, healthcare sand insurance stocks. The German DAX 30 lost 0.01%, the French CAC 40 inched down 0.04%, while London FTSE 100 rose 0.5%.
Elena
16 Mar, 2006
New York City
U.S. stocks advanced Thursday morning, boosted by benign inflation and housing starts data. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. ConAgra Foods fell 6.8% due to a massive restructuring plan. The company also cut its quarterly dividend by 34%. Qualcomm rose 2% on upgrade at Merrill Lynch, while Ford Motor declined 1.1% on downgrade at J.P. Morgan.
Elena
16 Mar, 2006
New York City
U.S. stocks advanced Thursday morning, boosted by benign inflation and housing starts data. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. Housing stocks rose on falling treasury yields. ConAgra Foods fell 6.8% due to a massive restructuring plan. The company also cut its quarterly dividend by 34%.
Elena
16 Mar, 2006
New York City
U.S. stocks opened higher, boosted by economic data on consumer prices which showed inflation slowed sharply in February as food costs moderated and the price of energy products significantly fell. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. Housing stocks rose on falling treasury yields. Toll Bros rose 4.7%, Ryland Group 2.5%, Hovnanian gained 2.1%, KB Home added 1.6%.
Elena
16 Mar, 2006
New York City
Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.
Elena
16 Mar, 2006
New York City
Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.
Elena
16 Mar, 2006
Frankfurt
European averages traded lower at mid-day, pressured by oil, healthcare and insurance stocks. Strong performance from supermarket group Casino Guichard and steelmaker Corus Group failed to offset decline. The German DAX 30 fell 0.3%, the French CAC 40 declined 0.3%, and London FTSE 100 lost 0.2%.
Elena
16 Mar, 2006
New York City
Asian-Pacific benchmarks finished mixed on interest rate concerns and a key earnings report from China Mobile. The Nikkei started higher, helped by exporter issues, but eventually dropped 1.4% on weak property and bank stocks. Hong Kong Hang Seng was up 0.06% on optimism about strong corporate results, while Taiwan Weighted index fell 0.2% on profit taking in the tech sector. Australia All Ordinaries advanced 0.6% on resource stocks.
123jump.com Staff
15 Mar, 2006
New York City
S&P crossed 1,300 and Dow Jones Industrial crossed 11,200 for the first time since May 2001. Nasdaq traded above 2,300 but still 50% below the all-time peak in the year 2000. Regional survey from Fed suggested healthy economic expansion, rising emplyment levels and mild rise in retail prices. H&R Block lost 4% on a suite filed by NY Attorney General office. Lehman reported earnings growth of 24% but brokerage stocks sell-off. Brazil and Mexico gained 2% and 0.4% leading emerging markets.
123jump.com Staff
15 Mar, 2006
New York City
Regional survey from Fed suggested that economic growth is consistent and retail prices are rising at a modest pace with rising emplyoment levels. Trasportation sector advanced on the news that demand for commodities is strong adn Union Pacific revised its earnings guidance for the quarter. Dow Jones Transportation Index is at a record high of 4,574.
123jump.com Staff
15 Mar, 2006
New York City
Federal Reserve Bank regional economic survey reflected healthly economic growth and mild price increases in the twelve regions of the country. The report said that employment strengthened in the regions in the months of January and February and retail prices advanced moderately. Labor Department said that import prices declined 0.5% in February. Lehman Bros. earnings rose 24% and Sears Holdings rose 9% after it reported Q4 earnings of $4.03.
