Elena
06 Mar, 2006
New York City
Asian-Pacific benchmarks finished largely in the positive with the Nikkei rising 1.5% on data showing increased capital investment. Singapore Straits Times rose 0.8% to hit a fresh six-year high. Indian market jumps 1%. European averages advanced at mid-day dealings on telecom-consolidation news. London FTSE 100 rose 0.9% to reach a new four-year high at 5910.
123jump.com Staff
03 Mar, 2006
New York City
For the week Dow and S&P closed lower 0.4% and 0.2% but Nasdaq closed higher 0.7%. Intel after dropping as much as 3% closed lower 1%. Crude managed to bounce along with gold and copper for the week. European markets continue to advance as economic forecast for the year showed higher GDP growth rate for the year. Japan and Asian markets clsoed lower for the day on the worries of rising global interest rates. Home builders lost ground at close.
123jump.com Staff
03 Mar, 2006
New York City
Crude oil has been volatile to say the least. Crude after dipping below $60 bounced back to $63. Energy stocks of all kinds including refiners, explorers, service providers and rig makers rallied during the week. Metals market saw volatility but with an upward bias in copper prices. Gold managed to stay above $560 and clsoed near $570 per ounce.
123jump.com Staff
03 Mar, 2006
Frankfurt
Markets in Europe closed mixed but mostly lower on the worries of rising interest rates and energy prices. German market led the decliners. Norway and U.K. were only two expcetions for the day. Vodafon closed up 8.5% on the news that the company will Japanese unit to softbank. Telecom stocks led the U.K. market higher. Chip stocks declined on the news of lower revenue guidance from Intel.
123jump.com Staff
03 Mar, 2006
New York City
Rising yields and crude prices put the market averages at opening undere pressure. Tech stocks faced sell-off on the Intel lowered revenue guidance but later semi stocks recovered. Google gained $6, CBOT added $3.50 and WebEx added $1.70. Gold and silver traded lower. Starbucks added 2% while Intel lost 2%.
123jump.com Staff
03 Mar, 2006
New York City
Yields are on the rise, across the globe. First Japan then Europe and now in New York. Traders are finally waking upto a different reality on the interest rates. Market averages are under pressure on the account of rate hike concerns. Intel lose 2% on revised revenue guidance. Home builders, transportation and trucking stocks are on the decline on higher energy cost. CBOT adds another 1.5% to the rise of 40% year-to-date.
123jump.com Staff
03 Mar, 2006
New York City
In the first thirty minutes of trading markets were lower across all three major indexes on rising yields in the bond market and rising crude oil prices. Gold and silver are on decline. European markets are mostly lower at mid-day and markets in Asia closed lower. General Electric sells remaining stake in Genworth for $2.8 billion by pricing 71 million shares at $32.75 per share.
123jump.com Staff
03 Mar, 2006
New York City
Rising crude and rising bond yields in europe may dominate early opening trading. Starbucks is to trade higher on 8% rise in same-store sales. General Electric re-affirmed its earnings guidance for the quarter and for the year. Asian markets closed lower led by declines in Japan, Korea and India.
123jump.com Staff
03 Mar, 2006
Frankfurt
The economy of 12 member Euro nations are likely to grow faster than last year ago according to EC. Economy grew at 0.3% in the Q4 in 2005 and at 1.7% for the year 2005. The stastical agency also forecasted 0.7% economic growth in each of the first three quarters. LVMH, the largest luxury goods maker, reported 22% jump in profit in the second half of 2005. Markets in Japan lost 1.55% at close on Friday.
123jump.com Staff
03 Mar, 2006
New York City
Tokyo index closed lower on inflation concerns dragging major Asian markets with it. Market in India closed lower for the first time this week after rising more than 3% on the release of financial budget from the governement. Tata Motors rose 4.5% but banking stocks closed lower.
123jump.com Staff
02 Mar, 2006
New York City
Market tone in the early morning was set by rising interest rates in Europe and fear that Japan may soon follow the global trend of rising interest rates. The February retail sales did not impress the market. Chico, Abercrombie & Fitch CitiTrend lost 10% or more. Yield on 10-year note rose to 4.638%. Auto makers GM and Ford continued their stock-slide for the second day. Crude oil rose to $63.39 per barrel.
123jump.com Staff
02 Mar, 2006
New York City
Market tone in the early morning was set by rising interest rates in Europe and fear that Japan may soon follow the global trend of rising interest rates. The February retail sales did not impress the market. Chico, Abercrombie & Fitch CitiTrend lost 10% or more. Yield on 10-year note rose to 4.638%. Auto makers GM and Ford continued their stock-slide for the second day. Crude oil rose to $63 per barrel.
Elena
02 Mar, 2006
New York City
Disappointing February sales and rising oil prices put stocks under pressure. Among retailers posting strong results, Costco reported 7% same-store sales growth, Nordstrom comparable store sales rose 4.9%, and Wal-Mart sales increased 3.2%. Gap announced same-store sales decline of 11%. Talbot posted 6% sales drop. Bebe had a 1.6% gain in same-store sales, below the 4.6% estimate. Dana Corp. dropped 31% on news that it missed a bond interest payment.
Elena
02 Mar, 2006
New York City
Stocks opened lower Thursday as retailers reported mixed February sales and energy supply threats sent oil prices higher. Among retailers posting strong results, Costco reported 7% same-store sales growth, Nordstrom comparable store sales rose 4.9%, and Wal-Mart sales increased 3.2%. Gap announced same-store sales decline of 11%. Talbot posted 6% sales drop. Bebe had a 1.6% gain in same-store sales, below the 4.6% estimate.
Elena
02 Mar, 2006
New York City
Asian-Pacific benchmarks finished mixed ahead of Japan CPI data. The Nikkei slipped 0.3%, Shanghai Composite tumbled 1.6%, while Australia All Ordinaries rose 1.1%. European averages recovered from earlier weakness as the European Central Bank raised its main refinancing rate to 2.5%. London FTSE 100 rose 0.4%. In earnings news, Costco posted Q4 earnings rose 15% excluding items and topped analyst estimates. The retailer also reported 11% net sales growth.
