Elena
05 Jun, 2006
New York City
The Indian benchmark was caught in a trading range of 366 points in a highly volatile trading. Sensex trended lower on falling metals and oil prices in the global markets. Index after rising close to 300% in the last three years has lost more than 20% of its value in the last one month of trading.
Elena
05 Jun, 2006
New York City
Stocks dropped at the start of trading on Monday on concerns about a sharp rise by the price of oil. Iran''s threat to cut its oil exports if Western nations punished or attacked it over its nuclear arms program and fears ofanoter devasrtating hurricane season sent crude futures up to $73.33 a barrel.
Elena
05 Jun, 2006
New York City
U.S. stock futires indicated a weak opening, following a steep advance in oil prices. Crude prices rose $1.22 to $73.55 a barrel on fears that Iran might jeopardize global supplies if punished by the West over its nuclear program. In pre-market trading, shares of Chesapeake Energy Corp. rose 1.4% after the natural gas company announced the acquisition of Barnett Shale sites.
Elena
05 Jun, 2006
New York City
Light, sweet crude for July delivery rose $1.02 to $73.35 a barrel in mid-afternoon Asian electronic trading on the Nymex in Singapore. The contract rose Friday to $72.33 after eight foreign workers on a drilling rig off the coast of Nigeria were kidnapped and then released on Sunday. July Brent crude futures on London''s Intercontinental Exchange Futures rose $1.03 to $72.06 a barrel.
Ivaylo
05 Jun, 2006
New York City
Other Asian benchmarks closed mixed. Indexes in Singapore, Malaysia and Korea managed slight advances. Exporters, often the first Asian shares to react to U.S. economic data, led the decliners of the downward trend. Taiwan stocks dived 3.51% as an impasse between the president and the ones calling for his resignation threatened to throw the country in political instability.
Ivaylo
05 Jun, 2006
Frankfurt
Takeovers helped European stocks finish higher last week. However, shares suffered a heavy blow on Monday, as oil topped $73 a barrel following Iran
Ivaylo
05 Jun, 2006
Metals
Weak economic data helped gold climb up, as the yellow metal is regarded as a resort to increasing inflation; if the U.S. economy is viewed as weakening, the Federal Reserve will most certainly continue raising interest rates to curb inflation.
123jump.com Staff
02 Jun, 2006
New York City
Market averages for the most part remained dormant as investors mulled conflicting reports on job markets. May payroll gained 75,000 less than expected 170,000 and hourly wages in May rose 0.1% but unemployment dropped to 4.6%. Market did not trade with a clear direction and remains in a wait-and-see mode. Bausch & Lomb rose on analyst upgrade. Retail stocks continued their climb on same-store sales report. Emerging markets in Brazil, Russia, Mexico and India rebounded sharply.
123jump.com Staff
02 Jun, 2006
New York City
Emerging markets have come under heavy pressure in the last three weeks of trading. Russia lost 27%, India fell 20% and Brazil lost 12% in less than two weeks of trading. Jittery international investors booked profit in India and Brazil. Emerging markets staged a mild recovery on 40% lower trading volume of in India, Brazil and Russia.
Elena
02 Jun, 2006
Frankfurt
European markets closed mostly in the positive as disappointing U.S. payrolls data helped offset concerns about weaker dollar. The euro climbed to $1.2925 from $1.2805. Tech stocks like chip-equipment maker ASML Holdings, microchip maker STMicroelectronics, and mobile phone maker Nokia declined. The French CAC 40 gained 0.3%, London FTSE 100 rose 0.3%, while the German DAX 30 fell 0.4%.
Elena
02 Jun, 2006
New York City
Stocks turned mixed reversing from the initial strength as signs of weak jobs growth offset optimism for a pause in interest rate increases by the Fed Reserve. Interest-rate sensitive companies like banks and insurers advanced. J.P. Morgan Chase & Co. rose nearly 1%, while Wal-Mart Stores, a stock vulnerable to weaker consumer spending, lost 1.2%.
Elena
02 Jun, 2006
Mumbai
The Sensex remained upbeat after a head start in the early trading, adding up 380 points by the end of the session. Trading in blue-chips drove the market upwards, despite the negative market breadth. Market experienced a high degree of volatility and traded in the range of 466 points. The recovery of the global markets also helped the benchmark find its feet.
Elena
02 Jun, 2006
New York City
Stocks extended rally in opening hours, boosted by weaker-than-expected nonfarm payrolls data for May, which helped ease inflation concerns and raised hopes that the Fed Reserve will halt its interest-rate hikes.
Elena
02 Jun, 2006
New York City
The Labor Department reported that new jobs generated last month advanced by 75,000 only, the smallest since October. A slowdown in wage growth is a development that should ease inflation concerns. The unemployment rate dropped slightly from 4.7% in April to 4.6% in May, the lowest since July 2001.
Elena
02 Jun, 2006
New York City
If approved by regulators and shareholders, the consolidation of the NYSE Group Inc. and Euronext would create a single platform where traders could deal in stocks, options, futures, commodities and corporate bonds across two continents for up to 12 hours daily. NYSE Euronext would manage about $2.1 trillion in stock trades each month and boast a market value of about $20 billion.
