Elena
06 Jul, 2006
Mumbai
The market remained in negative territory throughout the day. High oil prices and weakness in larger Asian markets weighed on the Indian market. The benchmark index managed to rebound in the latter part of the trading. IT, auto and banking shares led the decliners in a weak market breadth.
Elena
06 Jul, 2006
New York City
Stocks opened higher as lower oil prices and mild June retail sales helped market rebound from steep losses yesterday. Retailers posted slower same-store sales growth in June, reflecting high gasoline prices and rising interest rates. The Labor Department said that jobless claims fell to 313,000 from the previous week''s revised figure of 315,000.
Elena
06 Jul, 2006
New York City
Market is focused on a number of retail sales and economic data releases Thursday. Costco reported same-store sales increase of 6%, vs. expectations of 6.9% gain.Results at department stores were mixed, with Nordstrom posting a 4.7% gain in same-stores sales, slightly below the 4.9% estimate, while Federated Department Stores Inc. had a 1.7% increase in same-store sales, below the 2.8% estimate.
Elena
06 Jul, 2006
New York City
The investors will pay $20 for each Duquesne share outstanding, almost a 22% premium over the stock''s close at $16.44 Monday on the Nymex. The deal is expected to close in the first quarter 2007 after receiving federal and Pennsylvania regulatory approvals, as well as approval by Duquesne''''s shareholders.
Ivaylo
06 Jul, 2006
New York City
Asian markets closed mixed Thursday with Japan markets closing lower due to reports that North Korea is gearing up for test-launching more missiles which brought about fears of brewing regional instability. Real estate and consumer finance companies dragged the market down.
Ivaylo
06 Jul, 2006
New York City
Europe will be expecting interest rates moves on Thursday as both the European Central Bank and The Bank of England will disclose their latest thoughts on rate policy when they finish their meetings later in the day. Both banks are presumed to keep rates unchanged, though the ECB may hint of further rate moves later in the summer. Other European moves were based on share sales.
Ivaylo
06 Jul, 2006
Metals
Geopolitical tensions are the main reason for the rise of precious metals on Wednesday. The N.Korea
123jump.com Staff
05 Jul, 2006
New York City
Market averages around the world declined on the North Korean Missile launch. Global markets sold-off on rate jitters, missile launch and private job market report. Gold and oil rose 2%. Enron founder, Ken Lay died at the age of 64 due to heart failure. Nissan and Renault are ready to talk with General Motors. Rambus signs a licensing pact with Toshiba.
Elena
05 Jul, 2006
Frankfurt
European markets closed sharply down on tensions related to North Korean nuclear tests. Investors were also nervous about interest-rate decision ahead of announcement by both the Central European Bank and the Bank of England. The German DAX 30 dropped 1.8%, the French CAC 40 climbed 1.3%, and London FTSE 100 rose 1%.
Elena
05 Jul, 2006
New York City
A Houston TV station reported that the founder and ex-chairman of Enron Corp. Kenneth Lay died of a heart attack at his vacation home in Colorado. He was convicted last month of fraud and conspiracy for his part in the company''s collapse into bankruptcy in 2001, facing a long imprisonment.
Elena
05 Jul, 2006
Mumbai
The market received a boost by the diminishing outflow of equity funds from the emerging markets. Metal, cement, IT and power-equipment stocks led the gainers in a positive market-breadth. Steady fund flows from domestic investors support market breadth.
Elena
05 Jul, 2006
New York City
Stock markets opened down on concerns over North Korea''s nuclear ambitions and high oil prices. With no corporate earnings and little economic data, investors focused on the release of the Commerce Department''s latest report on factory orders. New orders for manufactured goods in May increased $2.6 billion or 0.7% to $399.9 billion, following a 2% decrease in April.
Elena
05 Jul, 2006
New York City
Stock futures pointed to a lower market opening after the Independence Day hoiday. Trading is expected to be volatile with news of a series of missile tests by North Korea weighing on sentiment. The missile tests drew international condemnation and sent European and Asian stocks down.
Elena
05 Jul, 2006
New York City
However, a single holdout customer retains the power to spoil the agreement. If the certain commodities trader doesn''t agree to join the deal within two weeks, court proceedings would begin to liquidate Refco Capital Markets.
Ivaylo
05 Jul, 2006
New York City
Early Wednesday, North Korea launched several missiles, including a long-range Taepodong-2 that failed after less than a minute, according to reports. Japanese, the U.S. and South Korean officials responded with sharp criticism. The launches also unsettled investors who were already jittery to selling pressures after several consecutive days of gains.
