Elena
31 Mar, 2006
New York City
Sensex index in India fell for the day but rose 3% for the week and 20% in the current quarter. Liquidity driven market rise is supported by higher tax collection, rising profits and strong consumer demand for credit, housing, light vehicles. Market lost 27 points for the day and gained more than 300 points for the week.
Elena
31 Mar, 2006
Frankfurt
European stocks lost ground at mid-day dealings, reflecting sharp declines on Wall Street overninght when blue-chip stocks dropped on concerns over interest-rate hikes. The German DAX 30 dropped 0.4%, the FRench CAC 40 lost 0.4%, and London FTSE 100 fell 0.4%.
Elena
31 Mar, 2006
New York City
Asian-Pacific benchmarks largely advanced across the region. The Nikkei held above the key 17,000 level to close the financial year at 17,059.66. The index rose 0.1%, supported by economic data, property and pharmaceutical stocks. South Korean Kospi was the biggest advancer, surging to 1.6% on tech and financial shares. Taiwan jumped 1%, strongly supported by the tech sector, while Hong Kong dropped 0.3% on profit taking and interest rate concerns.
123jump.com Staff
30 Mar, 2006
New York City
Market averages declined as investor refocused on inflation worries. Fourth quarter revised GDP of 1.7% from 1.6% led yield on 10-year bond to 4.87%. Oil jumped and crossed $67 per barrle and Nigeria, Iran and Venezuela contributed to the oil related jitters. Gulf of Mexico oil production is still 22% below pre-Katrina level. Gold and silver rose 25-year high and copper traded at record level.
123jump.com Staff
30 Mar, 2006
New York City
Emerging markets are set to deliver stellar performance in the first quarter 2006 as most markets are likely to surpass the gains in the market averages in the U.S. and Europe. Russia and India are to lead the performers with the gains of 25% and 16% respectively. Brazil, Mexico and Venzuela are also set to deliver respectable performance. Rising commodity prices, steady fund flows and strong domestic economies are helping local indexes.
123jump.com Staff
30 Mar, 2006
New York City
Stock averages are under pressure as yields on the bond rose. The latest data on price deflator index at 2.4% worried investors that more rate hikes may be necessary. Crude oil traded near $67 per barrel and gold at 25-year high drove energy and materials stocks higher. Nokia traded 1.2% higher as it revised the growth guidance.
Elena
30 Mar, 2006
Frankfurt
European markets rallied Thursday to close with solid gains and German and French stocks at multi-year highs. Strong rally in the mining sector, 4.8% rise in the stock of Nokia and other merger-and-acquisition activity, sent stocks sharply up. The German DAX 30 surged to 1.2%, the French CAC 40 climbed 1.2%, and London FTSE 100 rose 1%.
Elena
30 Mar, 2006
New York City
U.S. stocks erased earlier gains to move to the negative as data showed stronger-than-expected inflation in the fourth quarter, sending the treasury yield to a two-week high. Consequently, interest-rate sensitive stocks, such as banks and utilities, fell on fears of further interest rate hikes. Shares of Citigroup fell 0.7%, while shares of No. 4 U.S. bank Wachovia fell 1%.
Elena
30 Mar, 2006
New York City
Stocks traded in the positive, supported by Best Buy and Nokia with investors digesting data on a modest GDP rise and decline of initial jobless claims. Best Buy posted a 13% rise in Q4 earnings on 16% sales growth. Nokia projected annual growth for worldwide mobile device sales to 15% from a prior target of 10%.
Elena
30 Mar, 2006
New York City
Stocks opened higher,lifted by positive quarterly results from Best Buy and improved outlook from Nokia. Best Buy reported Q4 profit rise of $644 million, or $1.29 per share, boosted by strong sales of flat-panel televisions and MP3 music players. Gains by semiconductor and wireless stocks contributed to the strength in the tech sector. Gold, energy and brokerage stocks also posted strength.
Elena
30 Mar, 2006
New York City
Stock futures pointed to a flat start of Thursday session, reflecting oil prices increase. A plan announced by Google to sell 5.3 million shares for $2.09 billion also weighed. Best Buy Co. reported Q4 profit rise of $644 million, or $1.29 per share, boosted by strong sales of flat-panel televisions and MP3 music players. Revenue rose to $10.7 billion and comparable-store sales rose 7.3%.
Elena
30 Mar, 2006
New York City
Domestic and international investment in the Indian stock market is supporting the broad advances in large cap stocks. With the steady economic growth and strong consumer spending is supporting the stocks in the industrial, IT and banking sector. Sensex index gained for the fifth day in a row and added 1.1% for the day as the index closed at all-time high of 11,307.
Elena
30 Mar, 2006
New York City
European averages traded higher at mid-day, reflecting solid U.S. gains overnight, strong mining stocks and merger-and-acquisition activity. U.K. lender Alliance & Leicester rose 3.4% after it rejected a $10.1 billion offer from French bank Credit Agricole. The German DAX 30 rose 0.5%, the French CAC 40 climbed 0.6%, and London FTSE 100 surged 0.7%.
Elena
30 Mar, 2006
New York City
Asian-Pacific benchmrks closed mostly in the positive, supported by a strong rally on Wall Street. The Nikkei hit a new record, rising 0.6% to 17,045.34 for the first time in nearly six years. The Japanese index was boosted by technology and banking stocks. Hong Kong Hang Seng rose 0.9%, despite investors worries about interest rate increases. Taiwan Weighted index also climbed to 0.7% on tech shares. China Shanghai Composite fell 0.8% on property and metals stocks.
123jump.com Staff
29 Mar, 2006
New York City
After the interest rate hike markets around the world adjusted to the higher rates and rose from Japan to UK,France, Germany, Mexico, India and Brazil. Crude oil, gold, silver and copper also staged a rally powering stocks in the energy and mining sector. Tech stocks staged a strong advance as hardware, software, Internet stocks rose and recent favorites Google and Apple made a comeback.
