Elena
10 Mar, 2006
Frankfurt
European averages started trading lower but later recovered to close sharply up. Stocks were lifted by strong nonfarm payrolls data and takeover talk in the banking sector. Societe Generale climbed 4.8% and Deutsche Bank rose 3.4%. The German DAX 30 surged 1.3%, followed by the French CAC 40, up 1.2%.
Elena
10 Mar, 2006
New York City
Strong monthly employment data boosted stocks Friday morning. The three major averages extended gains with the Dow climbing 1% on support provided by General Motors and AIG. Pfizer was the only declining stock of all Dow components. The tech sector advanced sending the Nasdaq higher with particularly strong help from semiconductor and computer hardware stocks.
Elena
10 Mar, 2006
New York City
The three major avarages gained ground. Banking, insurance and broker stocks stood out as the most notable advancers. Telecom-equipment maker Nortel Networks reported Q4 loss of $2.21 billion and said it will restate past financial statements because of accounting mistakes. The company''s accounting problems have come under federal investigation.
Elena
10 Mar, 2006
New York City
Stocks opened mixed Friday as better-than-expected payrolls data signaled strong economy, but it also raised concerns about higher interest rates. Honeywell, AIG and Verizon supported the Dow, while the Nasdaq was slightly below the flat line, dragged by weakness in some tech and biotech stocks.
Elena
10 Mar, 2006
Frankfurt
European averages traded in the negative at mid-day, reflecting concerns about interest-rates hikes and nervousness ahead of U.S. nonfarm payrolls data. Miners and bank stocks declined, including Anglo American, down 2.1% and ABN Amro, down 0.5%. The German DAX 30 stood out among losers, falling 0.3%.
Elena
10 Mar, 2006
New York City
Stock futures pointed to a slightly higher opening on strong monthly employment data, which showed that U.S. economy added 243,000 jobs in February, exceeding expectations of a job growth of 220,000. In earnings news, Ann Taylor stores said it swung to profit in Q4 on sales growth, missing estimates. Kirkland''''s reported Q4 a net income decline to 51 cents a share from 59 cents a year ago and same-store sales drop of 5%.
Elena
10 Mar, 2006
New York City
European averages traded in the negative at mid-day, reflecting concerns about interest-rates hikes and nervousness ahead of U.S. nonfarm payrolls data. Miners and bank stocks declined, including Anglo American, down 2.1% and ABN Amro, down 0.5%. The German DAX 30 stood out among losers, falling 0.3%.
Elena
10 Mar, 2006
New York City
Asian-Pacific benchmarks finished mixed. The Nikkei gained 0.5%, despite lower close on Wall Street and disappointing ecomonic data. Stocks were lifted by optimism in economic growth, following BoJ''s decision. Banking and auto stocks led gainers. South Korean Kospi recovered from recent decline to rise 0.7% on tech stocks rebound. Hong Kong''s Hang Seng fell 0.4%. Indian stocks surged to 1.8%.
123jump.com Staff
09 Mar, 2006
New York City
Markets around world spent another day in adjusting to new interest rate environment. Overnight news on Japan interest rate scenario boosted stocks in Tokyo and most European markets but markets in Brazil, Mexico and Canda fell for the third day in a row. Brazil, Russia and Turkey fell by 2.62%, 2.5% and 3.5% respectively. Tech stocks took a dive as Google and Apple lost 3.07% and 2.6% repsectively. Home builders, casinos, and brokerage sotcks lost ground at close.
Elena
09 Mar, 2006
Frankfurt
European markets posted solid gains Thursday, lifted by gains on Wall Street, merger-and-acquisition speculations as well as stong performance of pharmaceuticals. The German DAX 30 led gainers rising 1%.
Elena
09 Mar, 2006
New York City
Stocks got off intraday highs and moved sideways at mid-day, reflecting nervousness ahead of job creation report Friday. Markets traded in the positive Thursday morning on confidence in global economy, bolstered by the Bank of Japan decision to end its easy monetary policy. General Motors rose 5% as the company said it neared a deal with the United Auto Workers union for cutting costs, but UAW denied being close to a deal. NYSE Group jumped 5.2% in its second day of trading on the NYSE.
Elena
09 Mar, 2006
New York City
Stocks traded higher on confidence in global economy, bolstered by the Bank of Japan decision to end its easy monetary policy. General Motors rose 5% as the company neared a deal with the United Auto Workers union for cutting costs. NYSE Group jumped 5.2% in its second day of trading on the New York Stock Exchange, adding to its 25% gain.
Elena
09 Mar, 2006
New York City
Stock markets opened higher, reflecting news that the Bank of Japan decided to end its easy monetary policy. Lower oil prices and easing inflation concerns also supported sentiment. TiVo Inc. reported narrower quarterly loss on 38% revenue rise. General Motors rose 5% as the company neared a deal with the United Auto Workers union for cutting costs.
Elena
09 Mar, 2006
New York City
U.S. stock futures pointed to a positive opening on oil prices decline and easing inflation worries. Shares of Wind River Systems fell 16.3% on earnings that missed analyst estimates. Biogen Idec rose 8.5% after experts agreed to return its multiple sclerosis drug Tysabri to the U.S. market. Google announced it is close to a settlement of a class action lawsuit concerning click fraud under which it would pay up to $90 million.
Elena
09 Mar, 2001
New York City
European averages posted solid gains at mid-day dealings on the back of lower oil prices, generally higher close of U.S. markets, and strong earnings from insurance and retail companies. The German DAX 30 was the leading gainer, up 0.9%, follwed by London FTSE 100 , up 0.6% and the French CAC 40 rising 0.5%.
