Elena
07 Sep, 2005
New York City
Stocks are trading down on profit-taking and economic data. Asian markets finished higher , boosted by the sharp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. CBO report showed that 400,000 people will become jobless, economic growth will be 1% down.
Elena
07 Sep, 2005
New York City
Stocks are trading down after Tuesday's broad rally, awaiting economic data. Asian markets finished higher , boosted by the shsarp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. Revised 2Q productivity figures are expected to show 2.1% growth rate, down from 2.2% in July. The Fed Reserve's Beige Book report is due later in the day.
123jump.com Staff
06 Sep, 2005
New York City
Dropping oil price and bond yield supported a broad rally in the market acorss several sectors. Investors remain focused on Hurricane Katrina ravaged Gulf of Mexico as they count and recount its impact on the broader economy. Only two refineries in the region are reporting a close to 100% production pre-Katrina level. Six refineries are still in the state of repair.
Elena
06 Sep, 2005
New York City
The ISM reported that the service-sector activity has risen to 65% in August from 60.5% in July. Broad buying of stocks sent all three major averages up at least 1%. Apple climbed to an all-time high on a new product announcement.
Elena
06 Sep, 2005
New York City
Oil prices were sent 1% lower. The ISM reported that the non-manufacturing index climbed to 65 from 60.5 in July. South Korea's Kospi gained 0.7%, the Nikkei lost 0.3%. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector.
Elena
06 Sep, 2005
New York City
South Korea's Kospi gained 0.7%, the Nikkei lost 0.3% in a mixed trading session for the Asian markets. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector. S&P futures up 5.7 points, Nasdaq futures also up 7.5points.
Elena
05 Sep, 2005
New York City
Asian markets opened higher led by markets in South Korea and Hong Kong, after European markets close to a two-week high. Spain's utility Endesa receives $29 billion bid from ENDESA. After six days of Hurricane Katrina less than 50% of oil and gas production is restored after similar time period in the aftermath of Hurricane Ivan in 2004.
123jump.com Staff
03 Sep, 2005
New York City
The traditional summer IPO lull is in progress. No deal is scheduled to be priced till the week of September 19th. Seven companies filed for initial public offerings, including SAIC to raise $1.7 billion. Celldex withdrew IPO filing.
123jump.com Staff
02 Sep, 2005
New York City
At opening market learned of four-year low unemployment report and at mid-day digested the implication of release of oil from strategic reserve. Oil dropped close to $2 per barrels and gasoline dropped by 1% for now. Most oil companies are still surveying the extent of on and off-shore damage to their facilities. The nature and extent of the damage still unknown.
123jump.com Staff
30 Nov, -0001
New York City
This afternoon IEA said that it will release 2 million barrels a day for the next thirty days to the world market. This only underscores the fact that there are no extra production capacities available to pump oil and only 'global reserves of nations' can save the current crisis. The damage to the Gulf of Mexico infrastructure will not be restored for weeks as stated by oil companies operating in the region.
123jump.com Staff
30 Nov, -0001
New York City
Markets trade lower despite falling crude-oil prices. The U.S. as well as Japan and EU countries will release oil from their reserves at the total amount of 2 million barrels a day. Unemployment rate declined to a four-year low of 4.9%. Jobs for August are higher by 169,000.
Elena
02 Sep, 2005
New York City
Asian-Pacific benchmarks closed largely higher with the Nikkei up 0.7% on confidence of the Japanese economy. European markets edged up at mid-day dealings ahead of U.S. jobs report. Jobs for August are expected to rise by 190,000, slightly down vs. 207,000 for July. The jobless rate is projected steady at 5%. L'Oreal posted earnings decline but revenue growth for the first half of 2005.
123jump.com Staff
02 Sep, 2005
New York City
As New Orleans Mayor issues a desperate S.O.S in response to a rapidly developing out of order situation, many in the country feel that the nation's emergency response system and White house efforts are far short and too slow to respond. White House advisors and staff give an assessment of readiness of oil refining and transportation infrastructure to the national media vastly different from what is learned from the private sources.
123jump.com Staff
01 Sep, 2005
New York City
The current official death toll reported for Mississippi is 126 and may reach substantially higher if mayor's prediction is correct. If that is the case this natuaral disaster may turn out to be the worst disaster since 1906 earthquake and fire in San Francisco. Nation's emergency repsonse system is painfully slow and African American leaders are blaming this may have to do with the economic and racial make up of the region.
Elena
01 Sep, 2005
New York City
Stocks are higher on hopes of slowdown in the interst-rate hike. ISM report showed a slower pace of growth of the manufacturing sector.Retailers Costco Wholesale Corp., Wet Seal Inc., J.C. Penney Co. Inc., Kohl's Corp. and Nordstrom Inc. posted strong results in August. Wal-Mart Stores Inc.'s sales slightly disappointed views.
