Elena
30 May, 2006
New York City
The market experienced another streak of volatile trade. The benchmark plummeted 100 points, following a gain of as much as 100 points earlier in the trading. Market averages traded in a volatile fashion on a declining trading volume. Cement maker Madras Cement released expansion plans and Jindal Steel emerged as sole bidder for a steel manufacturing plan in Bolivia.
Elena
30 May, 2006
New York City
Stocks opened sharply lower Tuesday as investors locked in recent profits. Dow component Wal-Mart declined 2% after the retailer said its May same-store sales are expected to be near the low end of its previous guidance. General Motors fell 3% after Deutsche Bank downgraded its rating on the auto maker. Kinder Morgan climbed 21% after an investor group led by its management offered to acquire the company for $100 per share in cash.
Elena
30 May, 2006
New York City
U.S. stock futures seemed poised to a weaker start after the long holiday weekend and ahead the minutes of the FOMC meeting. Disappointing news on Wal-Mart same-store sales also generated negative sentiment, sending the stock down 2%. Wal-Mart reported May comparable store sales growth of 2.3%, the low-end of the 2 to 4% range that the retailer forecast earlier this month. General Motors declined 3% on brokerage downgrade.
Ivaylo
30 May, 2001
New York City
Shares in Tokyo declined for a second day in a row on weak consumer spending and industrial production data. Japanese benchmark Nikkei 225 index dropped 0.4% and Hong Kong''s Hang Seng also dropped 0.7%. South Korea
Ivaylo
30 May, 2006
Frankfurt
Rising money supply and credit growth in the eurozone provoked worries of tighter monetary conditions, although there are talks that a 25-basis-point rate increase at the next European Central Bank meeting next week was a done deal. London
Ivaylo
29 May, 2006
Mumbai
Indian benchmark Sensex had opened higher and struck a high as the trading stepped up. Later in the trading though, the Sensex experienced a streak of high volatility, swinging 210 points for the day. Steel, tech and auto sectors were among the advancing sectors.
Ivaylo
29 May, 2006
New York City
Hong Kong''s benchmark Hang Seng Index edged up after briefly probing the 16000 level. In Singapore, the Straits Times Index benchmark finished 0.2%, down and in Australia, market closed at its day''s high, putting together a second dayin a row of gains in response to the Friday rally. The South Korea
Ivaylo
29 May, 2006
Frankfurt
Both London and New York are closed today because of public holidays. In mid morning trading, Frankfurt
Ivaylo
29 May, 2006
Metals
Some of the recovery was due to technical factors. Otherwise, analysts think there was good support for the precious metal to be around $637 to $638.50. The current low is $640.50. So gold came into a level where technically, it should have been. Other precious metals, such as silver and platinum also gained.
Yordanka
28 May, 2006
New York City
IPOs came in mixed last week. Internet telephone service provider Vonage lost 24% from the initial price, while shares of the world''s second largest credit-card association MasterCard rose 15% even priced below expectations.
123jump.com Staff
27 May, 2006
New York City
Singapore in an attempt to diversify from the its manufacturing base granted its first gambling license to build a casino. The $3.2 billion casino may be the most expensive casino built ever in the world. The casino is scheduled to open in 2008 and generate more than 10,000 jobs in Singapore and add S$2.5 billion to the economy by 2015. Las Vgas Sands stock rose 9%.
123jump.com Staff
26 May, 2006
New York City
Steel stocks rose on hope that Mittal Steel may cast its eye on other companies if merger with Arcelor do not happen. several leading steel makers including U.S. Steel and Nuecor rose between 2% and 3%. Arcelor has proposesd a merger with Russian steel company Severstal to fend off a hostile deal Mittal Steel. Arcelor global search of white knight has not been successful in the last three months.
123jump.com Staff
26 May, 2006
New York City
Market averages responded to the positive news on inflation.Personal income rose 0.5% in April and personal consumption rose 0.6%. Core inflation rate rose in April at 2.1% after rising at 2.0% rate in March. Las Vegas Sands was awarded a license for casino in Singapore, stock rose as much as 11%. Chicos reported earnings of 29 cents and stock rose 2%. Toro Corp rose 2% on earnings rise of 17% on sales growth of 5%.
Elena
26 May, 2006
Frankfurt
European stocks rallied for a second consecutive session, boosted by resource stocks after Arcelor agreed to merge with Russian steelmaker Severstal. Shares of Arcelor dropped 3%, while Mittal rose 2%. A positive sentiment on Wall Street, generated by mild core inflation data, also provided support. The German DAX 30 rose 1.4%, the French CAC 40 climbed 1.9%, and London FTSE 100 surged 2%.
Elena
26 May, 2006
New York City
Las Vegas Sands rose 12% on news that it won the right to build the first casino resort in Singapore, ousting other bidders like MGM Mirage and Harrah''s Entertainment. In March, Sands said that it was prepared to spend $3.6 billion to develop the Marina Bay property, which includes 2,500 hotel rooms, 1.2 million square feet of meeting space, a million more in retail and three entertainment venues.
