123jump.com Staff
03 Apr, 2006
New York City
In the early afternoon trading major averages are trading below the peak reached in the morning. Dow and S&P averages are still higher by 0.7% and 0.5% respectively but Nasdaq is close to unchaged. Telecom equipment makers and energy stocks are leading the gainers for the day. GM is reported to have agreed to sell 51% of GMAC to a private equity group of Citigroup.
Elena
03 Apr, 2006
Frankfurt
Stocks in Europe rallied on the first day of the second quarter to finsh sharply up, reflecting solid gains in Asian markets, eased interest-rate concerns, and strength in mining and auto stocks. Takeover deals also supported sentiment with Alcatel in the spotlight after the company agreed to acquire Lucent Technologies for $14.45 billion in stock. The German DAX 30 reached a five-year high of 0.9%, the French CAC 40 advanced 0.7% and London FTSE 100 surged 1.1%.
Elena
03 Apr, 2006
New York City
Stocks traded in the positive, lifted by acquisitions. GM announced that it is selling a 51% stake in GMAC to an investor group, including Cerberus Capital Management, Citigroup Inc. and Aozora Bank Ltd. In another takeover deal, Alcatel agreed to acquire Lucent for $13.4 billion. Verizon Communications sold its Caribbean and Latin American operations for $3.7 billion.
Elena
03 Apr, 2006
New York City
Stocks traded in the positive, lifted by acquisitions. GM announced that it is selling a 51% stake in GMAC to an investor group, including Cerberus Capital Management, Citigroup Inc. and Aozora Bank Ltd. In another takeover deal, Alcatel agreed to acquire Lucent for $13.4 billion. Verizon Communications sold its Caribbean and Latin American operations for $3.7 billion.
Elena
03 Apr, 2006
Mumbai
Sensex in India rose 2.52% on robust buying from domestic and foreign institutional investors. IT stocks rose on the hopes of better than expected earnings from Infosys. Auto stocks rose strong unit sales from Bajaj, TVS and Maruti. Scooter sales for March are up 30% and auto sales are up 16%. Sensex rose from 11,000 to 11,500 in 21 trading days.
Elena
03 Apr, 2006
New York City
Stocks opened higher at the beginning of the second quarter, lifted by merger deals and expectations of solid manufacturing growth. General Motors announced a plan to sell a majority stake in GMAC for $14 billion over three years. Alcatel rallied close to 5% after unveiling its $13.5 billion stock swap for Lucent.
Elena
03 Apr, 2006
Frankfurt
European stocks started the second quarter sharply higher, reflecting broad rally in the Asian-Pacific region and some merger-and-acquisition activity. The German DAX 30 hit a five-year high, rising 0.6% to 6,004, outpacing London FTSE 100, rising 0.6% to 6,002. The French CAC 40 also advanced 0.6%.
Elena
03 Apr, 2006
New York City
Asian-Pacific markets finished sharply higher, reaching multi-year highs. The Nikkei closed at a six-year high, rising 1.6% to 17,333.31 on improved confidence in the economic recovery and strength in the tech, banking and insurance sectors. Hong Kong Hang Seng reached a five-year peak of 1.6% to 16,063.75, supported by China Mobile and property blue-chip stocks. China Shanghai Composite rose 1.6% and Taiwan Weighted index gained 0.7%.
123jump.com Staff
31 Mar, 2006
New York City
Market averages rose in the first quarter as interest rates rose two 0.5% to 4.75% and oil price rode back to near peak levels. Robust price of commodities such as oil, iron ore, copper, gold and silver did not slow down the market climb. Small cap stocks outpaced the large cap stocks one more time. Emerging markets led the world markets in the first quarter as Venezuela, Russia and India led the gainers with 44%, 26% and 20% returns respectively.
123jump.com Staff
31 Mar, 2006
New York City
Emerging markets in Asia and Latin America led advancers. Venezuela, Russia and India led with a gain of 44%, 26% and 20% respectively. Firm prices in commodites such as oil, iron ore and metals supported the advances in Brazil, Mexico and Venezuela as well. Rising corporate profits and consumer spending supported index in india. Taiwan and South Korea delivered negative returns for the quarter.
Elena
31 Mar, 2006
Frankfurt
European stocks closed in the negative territory on the last day of the first quarter. Stocks were dragged down by weakness among tech and mining stocks. The German DAX 30 lost 0.2%, the French CAC 40 declined 0.4%, and London FTSE 100 dropped 0.8%.
Elena
31 Mar, 2006
New York City
At mid-day trading stocks turned flat as weakness in the oil sector offset the upward momentum generated by tame inflation data. Energy stocks declined after U.S. light crude dropped $1.45 to $65.70 a barrel. Meanwhile airline shares advanced, benefiting from the lower price with the whole sector rising 2%. Financial stocks, including banking and brokerage advanced.
Elena
31 Mar, 2006
New York City
Stocks traded modestly higher on tame inflation data, but buying interest remained subdued. Personal income and spending data for February showed a slowdown in inflation, with core personal consumption expenditure rising 0.1%, in line with forecasts. On the last day of the first quarter, the Dow industrials and S&P 500 index look to be on track for their best Q1 since 1999 and the Nasdaq for the best performance since the Internet bubble burst in 2000.
Elena
31 Mar, 2006
New York City
Stocks opened higher as economic report on personal income and spending offset inflation worries and lifted market sentiment. The Commerce Department reported that personal consumption spending rose by 0.1% last month, the weakest gain in six months. The report also showed that personal income rose by 0.3% in February after rising by 0.7% in January.
Elena
31 Mar, 2006
New York City
Stock futures pointed to a positive start as economic report on personal income and spending lifted sentiment. The Commerce Department reported that personal consumption spending rose by 0.1% last month, the weakest gain in six months. The report also showed that personal income rose by 0.3% in February after rising by 0.7% in January.
