123jump.com Staff
06 Jun, 2006
New York City
Market averages recovered from the worst level of the day in the last twenty minutes of trading but negative bias in the trading caused a global sell-off. European exchanges lost 2% or more and Asian markets were down between 1.5% and 2.5%. Russia lost 4.5% and south Africa lost more tha 4%. Latin American markets suffered as well. Brazil at mid-day trading lost 3% and Mexico lost 2.5% before recovering near the close.
123jump.com Staff
06 Jun, 2001
New York City
Rate hike talk in the market today added to the losses in the home builder stocks . Investors have dumped home builder stocks with a vengance since the beginning of the year. Toll Bros, Beazer Homes, D.R. Horton and Lennar Co stocks are down between 30% and 45% since the beginning of the year. These stocks are trading at a level last seen in December 2004. These stock lost 3% and 4% by mid-day trading.
Elena
06 Jun, 2006
Frankfurt
European stocks steeply dropped Tuesday on concerns over U.S. interest-rate increases, following comments about inflation made by the Fed Reserve Chairman. Bernanke''''s comments come ahead of an expected rate rise from the European Central Bank at its meeting Thursday. The German DAX 30 tumbled 2.1%, the French CAC 40 slipped 2.4%, and London FTSE 100 dropped 1.6%.
Elena
06 Jun, 2006
New York City
Stocks sharply dropped for a second day in a row, reflecting fears of further interest-rate increases. The Dow Jones industrial average fell almost 100 points after falling almost 200 yesterday. IBM Corp. rose 51 cents to $79.57 after the technology company said it would triple its investments in India to $6 billion over the next three years.
Elena
06 Jun, 2006
Mumbai
Market index came under intense wave of selling in the second half of trading session. Index declined 2.5% on declining turnover. Trading volume has declined 50% from its peak in May 2006. Petrol and diesel prices were hiked to stem losses for oil companies. Government authorized price hike of 50% of the request from oil companies. Bharti Airtel reported sharp decline in revenue and profit.
Elena
06 Jun, 2006
New York City
U.S. stocks opened in the positive, but lingering concerns about interest rates and a lack of major corporate news limited gains. The airline sector advanced on retreating oil prices. Insurance and HMO stocks also posted strength. The housing sector moved lower, dragged by DR Horton, down 3.5% on downgrade from Wachovia. Gold stocks moved notably lower.
Elena
06 Jun, 2006
New York City
Stock futures recovered slightly from yesterday
Elena
06 Jun, 2006
New York City
The announcement came a day after BAA confirmed that it was in talks with Ferrovial and with another consortium. On Tuesday, Goldman Sachs confirmed that the rival consortium had made a bid of 955.25 pence ($17.98) per share for BAA, including a declared final dividend of 15.25 pence.
Ivaylo
06 Jun, 2006
New York City
In Japan, the Nikkei 225 Index fell 1.81%, as trading exporters led decliners. The market was being affected by U.S. weakness and it was already on weaker ground after a fund scandal, so sentiment was bearish. In Hong Kong, the Hang Seng Index eased 0.27%. Property shares, which constitute a large component of the Hang Seng, declined on interest-rate concerns. Indexes in Australia, Malaysia, Indonesia and Singapore also finished lower.
Ivaylo
06 Jun, 2006
Frankfurt
After losses at the opening of trade across Europe, the French market continued its fall by mid-morning while Germany and the Eurofirst 300 recuperated slightly from their weakest levels. The Swiss market, which was on holiday on Monday, declined sharply with the SMI index down 1.1% as it played catch-up with weakness elsewhere. By mid morning, the FTSE Eurofirst had dropped 1%, the German Dax dipped 1% too and the French CAC 40 shed 1.4%.
Ivaylo
06 Jun, 2006
New York City
The lower dollar, higher crude-oil prices and the Iranian commentary over the weekend that still sounds confrontational were responsible for the current state of affairs. Funds and speculators were among the buyers. Monday was the first trading day after Nymex late last week said it was eliminating daily price-fluctuation limits.
123jump.com Staff
05 Jun, 2006
New York City
Inflation fighting talk from Fed did it. Nervous investors sold stocks as Fed Chairman discussed rise of core inflation and loss of job growth momentum and economic momentum. Market averages slid in the last one hour of trading and Mexico and Brazil sold-off in sympathy. European markets declined led by 1.16% fall in Germany. Caterpillar dropped 4.8% but recently listed Mastercard rose 4.6%. Euro rose to a three-month high against the U.S. dollar.
123jump.com Staff
05 Jun, 2006
New York City
Market focussed its attention on oil price and interest rate movement. The averages dropped on the news that Iran has threatened to cut-off oil in the event of military strike. Fed Chairman comment also contributed to the market jitters. Brookfiled properties agreed to buy Trizec for $8.9 billion including debt. Caterpillar dropped 4% and Apple Computer lost $1.6.
Elena
05 Jun, 2006
Frankfurt
European markets closed mostly in the negative, dragged down by rising crude oil prices and weakness on Wall Street. Surging oil weighed on many sectors but supported oil stocks. Automakers like Renault and DaimlerChrysler moved to the downside, while shares of oil majors like Royal Dutch Shell and BP advanced. The German DAX 30 dropped 1.2%, the French CAC 40 lost 0.9%, while London FTS 100 added slightly to 5,767.
Elena
05 Jun, 2006
New York City
Market posted weakness Monday morning on concerns about the impact of rising oil prices. Crude for July delivery climbed to $72.95 a barrel. However, the lift in oil prices led some stocks higher. Chevron Corp. gained 7 cents to $60.82 and ConocoPhillips rose 17 cents to $64.68, while Exxon Mobil Corp. slipped 12 cents to $61.53. Drilling services firm Halliburton Co. rose 14 cents to $76.92.
