Ivaylo
26 Apr, 2007
New York City
European markets advanced for a second straight day after earnings reports in the engineering, drug and metals industries topped estimates. ABB rallied to the highest in six years after profit more than doubled and Bayer gained after earnings increased almost fivefold. French and German markets traded back at highs, with the German DAX Xetra 30 index rising over the 7,400 level, up 0.8%, and the French CAC-40 index up 0.4%, while the U.K. FTSE 100 index rose 0.6%.
Ivaylo
26 Apr, 2007
New York City
A combination of factors including a strike threat in Peru and a depletion of copper inventories pushed up copper futures on Wednesday. Gold futures ended near steady after twisting and turning in a narrow range as a recent consolidation trend continued. Silver, platinum and palladium all posted inside sessions, in which the highs and lows were contained within the trading bands on the previous day.
123jump.com Staff
25 Apr, 2007
New York City
Apple reported 85% rise in earnings on the back of strong sales momentum in iPod. The company sales advanced 21% in the quarter. The company also guided third quarter sales of $5.1 billion and earnings per share of 66 cents.The stock rose 10% in the after market trading. Portable line of computer sales advanced 79% in unit sales and 83% in revenue. Apple sold 10.55 million iPods for $1.77 billion in the quarter.
123jump.com Staff
25 Apr, 2007
New York City
Market averages gained on strong durable goods orders in March and solid earnings report from several large companies. Market maintained the upward charge during the session despite a oil price rise. weekly oil inventory report suggested that gasoline supplies fell to 18-month low, sparking 1.9% advance in oil. Royal Bank of Scotland and Fortis made $100 billion bid for ABN Amro Bank.
Elena
25 Apr, 2007
New York City
European stock markets gained ground on Wednesday, driven higher by gains from ABN Amro and well-received earnings. Banks were among the biggest gainers, led by 3.5% rise in the shares of ABN Amro. In earnings news, KGaA rose 4.5% after the company posted a 37% rise in Q1 sales. Shire surged 5.2% after it said its Q1 profit doubled.The German DAX 30 advanced 1%, the French CAC-40 climbed 1%, and the U.K. FTSE 100 rose 0.5%.
Elena
25 Apr, 2007
New York City
U.S. market averages traded firmly in the positive territory, with the Dow Jones briefly crossing the historic record of 13,000 points for the first time. The solid gains for the blue-chip average were generated by stronger-than-expected earnings reports and robust economic data. Companies beating forecasts included PepsiCo Inc., Corning Inc., Colgate-Palmolive and Dow member Boeing Co. Soft drink maker PepsiCo added nearly 1% after it posted 16% profit rise in Q1, beating expectations.
Elena
25 Apr, 2007
New York City
Amazon surged 21% after the Internet retailer reported doubled profit on 28% sales growth. Boeing announced 27% increase in Q1 earnings, due to robust orders for commercial airplanes and strong defense business. The world''s No. 2 commercial airplane maker earned $1.13 per share, up from 88 cents per share a year earlier. The stock lost 0.7%. PepsiCo posted 16% profit rise in Q1 to 65 cents per share, up from 56 cents per share a year earlier. Company''s shares added 0.7%.
Elena
25 Apr, 2007
New York City
Wall Street opened higher, with the Dow Jones hitting the 13,000-point milestone for the first time in history, helped by strong corporate profits, stronger-than-expected economic data, and Alcoa
Ivaylo
25 Apr, 2007
New York City
J Sainsbury was in the center of attention on Wednesday as fresh bids fueled its shares rally. Reports suggest that Qatar-based group Three Delta has bought 14% of the shares, but there has been no confirmation of this from it or from Sainsbury. Barclays is also going well despite being outbid for ABN Amro by Royal Bank of Scotland and its partners. By mid-day, the FTSE 100 was up 30.9 points to 6,460.4.
Ivaylo
25 Apr, 2007
New York City
Asian markets finished lower on Wednesday, as losses in Tokyo in export-related shares led regional stocks down. Declines in U.S. housing sales and consumer-confidence caused concerns over the outlook for the most important export market of the region. Sony in Japan and Samsung in South Korea were both down, while Canon bucked the downtrend and advanced.
Elena
25 Apr, 2007
New York City
U.S. stock futures advanced on Wednesday, pushed by better-than-anticipated durable goods orders and strong earnings reports from major companies. The Commerce Department said that orders for durable goods rose 3.4% in March to a seasonally adjusted $214.85 billion. Further boost to the market sentiment was given by robust corporate profits released by Amazon, Boeing, and Pepsi Co. Amazon.com jumped 15% in pre-open after the Internet retailer posted doubled Q1 profit on 28% sales rise.
Elena
25 Apr, 2007
New York City
A consortium of banks led by the Royal Bank of Scotland announced Wednesday it is planning to launch a rival bid to Barclays'''' offer for ABN Amro on the condition that the sale of ABN
Ivaylo
25 Apr, 2007
New York City
The benchmark index opened with a positive bias but soon traded in negative territory on weak technology stocks, hurt by the strengthening of the rupee. Short-covering, as well as interest in index large-caps in auto and pharma sectors, together with the surge in Reliance Industries, helped the Sensex end in positive territory. Ranbaxy was the best performing stock on BSE, while Infosys led the decliners. The Indian rupee rose to a nine-year high.
Ivaylo
25 Apr, 2007
New York City
European shares rose on Wednesday morning, supported by gains from ABN Amro after a bidding consortium said that they may pay around $100 billion for the Dutch bank and some well-received earnings from Siemens, Michelin and LVMH. Results from Siemens, Michelin and LVMH rekindled confidence that companies earnings growth remains on track. The U.K. FTSE 100 index rose 0.2%, the German DAX Xetra 30 index increased 0.6% and the French CAC-40 index advanced 0.5%.
Ivaylo
25 Apr, 2007
New York City
Corn futures closed substantially higher on Tuesday, drawing support from a lower-than-expected planting pace in U.S. Department of Agriculture weekly crop progress report, announced on Monday. Gold and silver futures also declined on Tuesday, while weaker U.S. economic data and technically oriented selling prompted a pullback in copper futures. In energy trading, all stocks finished lower save for natural gas which bucked the trend and advanced.
