Elena
13 Jun, 2006
New York City
Severstal''s controlling shareholder, Alexei Mordashov, will pay Arcelor 1.25 billion euros ($1.59 billion) in cash and hand over his stake in all of Severstal''s steel assets and Italian steelmaker Lucchini SpA, which Arcelor values at 11.7 billion euros ($14.7 billion).
Ivaylo
13 Jun, 2001
New York City
Japan
Ivaylo
13 Jun, 2006
Frankfurt
Fears still abound reflecting the likely tightening of monitory policy all over the world. The plethora of inflation data due out this week is forecast to put more pressure on interest rates, resulting in higher volatility across commodity markets with copper and gold breaking down through key support levels. In London, the FTSE 100 shed 1.6%, while the German Xetra Dax fell 1.7% and the French CAC 40 dropped 1.9%.
Ivaylo
13 Jun, 2006
Metals
At times, gold managed to stay into positive territory even when other metals were falling down. The yellow metal may have been supported by concerns that Iran''s nuclear program may go beyond peaceful purposes. All the other precious metals were down in throughout the trading.
Elena
12 Jun, 2006
Frankfurt
European markets finished in the negative as continuous worries about inflation and interest rate concerns weighed on sentiment, offsetting merger-and-acquisition news and speculation. Among the biggest losers were telecommunication stocks like Vodafone and techs shares, including Philips Electronics. The German DAX 30 tumbled 1.3%, the French CAC 40 dropped 0.9%, and London FTSE 100 fell 0.6%.
Elena
12 Jun, 2006
New York City
Stocks have been trading in a lackluster fashion Monday morning, with the Dow lifted by 3% gain for General Motors which reached a buyout agreement with the UAW union. The Nasdaq declined on signficant weakness among tech stocks, largely contributed by Comverse Technology, telecommunications equipment and software maker, which dropped 9%.
Elena
12 Jun, 2006
Mumbai
Volatility dominated the trading, moving in the range of 650 points. After a weak start, the market rebounded in intra-day on solid industrial output data, only to plunge in later trading to below 9500 points. The turnover on BSE was distincly lower than Friday
Elena
12 Jun, 2006
New York City
Stocks opened near the flat line on cautiosness after heavy losses last week. Strong earnings from investment bank Lehman Brothers Holding failed to lift sentiment. Lehman said its Q2 profit rose 48% on its overseas expansion, beating estimates. News of a buyout agreement between General Motors and its workers'' union also raised the market''s confidence in restructuring initiatives at the struggling automaker.
Elena
12 Jun, 2006
New York City
Stock futures pointed to a positive start Monday morning with traders awaiting key inflation data and comments by Fed Reserve officials. Fed chief Bernanke is due to deliver three separate speeches, the first of which will be given Monday evening, commenting on bank supervision at the American Bankers Association Stonier Graduate School of Banking. In earnings news, investment bank Lehman Brothers Holdings posted net income in Q2 rose 42% to $1.69 a share from $1.13 a year ago.
Elena
12 Jun, 2006
New York City
Stock futures pointed to a positive start Monday morning with traders awaiting key inflation data and comments by Fed Reserve officials. Fed chief Bernanke is due to deliver three separate speeches, the first of which will be given Monday evening, commenting on bank supervision at the American Bankers Association Stonier Graduate School of Banking.
Elena
12 Jun, 2006
New York City
The steelmaker recommended that company
Ivaylo
12 Jun, 2006
New York City
Japanese shares advanced for a second day on news that the economy was developing faster than first estimated in the first quarter. China''s shares closed slightly higher on gains in some banks and Hong Kong''s Hang Seng Index inched up as well. Shares in Malaysia and South Korea also advanced. Major indexes in Singapore, Taiwan and Indonesia were virtually unchanged. Markets in Australia were closed for a public holiday.
Ivaylo
12 Jun, 2006
Frankfurt
European stocks fell slightly down on Monday, due to mergers-and-acquisitions speculation, gains in the energy sector, and broker moves which counterwighed the prolonged economic concerns that struck stock markets last week. The FTSE 100 in London bucked the trend and was up 3.7 points at 5,658.9 in early trade, while the German Xetra Dax shed 29.4 points and the French CAC 40 declined 23.6 points.
Ivaylo
12 Jun, 2006
Metals
A little bit of liquidation was going on, but it was very calm and thin on the floor. Although gold reached $622 per troy ounce, it settled $1 down from it opening price. Silver gained, but finished below its $11.51 peak. Copper closed down, as well as palladium, while platinum closed unchanged.
123jump.com Staff
09 Jun, 2006
New York City
Market averages faced a wave of selling as trading hours raced to the closing bell. Despite April trade deficit of $63.43 billion market averaged braved to move higher on the back of higher closing in Asia and rising markets in Europe. In the afternoon trading market sold-off on interest rate worries. Latin American markets closed lower. Texas Instruments fell 2.4% even after reporting better financial outlook. Vonage, rose 1%, SEC is to investigate role of short sellers, during its recent IPO.
