Elena
24 Mar, 2006
New York City
For the week market consolidated and gained 0.8%. Construction, metals and mining and banking stocks enjoyed sharp gains. Steady demand of stocks from local and foreign investor kept index at record levels. Index crossed for the first-time 11,000 this week and gained last 1,000 points in less than 30 trading days. Previous rise of 1,000 points took 48 trading days.
Elena
24 Mar, 2006
Frankfurt
European stocks traded higher at mid-day supported by merger-and-acquisition talk among drug makers and telecom-equipment companies. The German Bayer offered 16.3 billion euro to Schering, exceeding the bid from its rival Merck. The French Alcatel is reportedly in talk with Lucent Technologies for a potential deal. The German DAX 30 gained 0.2%, the French CAC 40 rose 0.4%, and London FTSE 100 climbed 0.6%.
Elena
24 Mar, 2006
New York City
Asian-Pacific benchmarks finished mostly in the positive. The Nikkei rose 0.4% on real-estate stocks which were boosted by economic data, showing that commercial land prices rose for the first time in 15 years. South Korean Kospi reversed from early losses to rise 0.7%, Taiwan Weighted index added 0.2% on steel stocks, while Shanghai composite fell 0.6% and Hong Kong Hang Seng dropped 0.4% on interest-rate concerns.
123jump.com Staff
23 Mar, 2006
New York City
Market averages remained under pressure on twin economic reports. Sales of existing home rose 5.2% in February on warm weather and labor market reported 11,000 lower claims for the previous week. Interest rates worries pushed index at mid-day near lows for the session. Home buidlers registered a strong advance. Gasoline prices rose as crude rose. Mexico and Brazil suffered losses. S&P plans to add Google to S&P 500 index at the end of March replacing Burlington Resources.
123jump.com Staff
23 Mar, 2006
New York City
In Latin markets, Brazil lost its upward momentum and Mexico declined after a rise in eight trading session. Trading in both the leading markets in the region was choppy. Mexico traded on the worries of interest rates rise in the U.S. and Brazil can not shake-off the potential fall out from the political graft scandal. Phillippines traded near record levels.
123jump.com Staff
23 Mar, 2006
New York City
Equity markets traded weak in the early afternoon trading. However, metals markets remained firm and traded near recent peaks. Silver supply remains tight but speculators on the recent news of the possible launch of ETF have bid the price to all-time high. Crude oil jumped 3% and natural gas rose on inventory report.
Elena
23 Mar, 2006
Frankfurt
European averages closed mixed, reflecting weakness on Wall Street and declines in retail and utility stocks, counteracted by gains in the mining sector on continuously strong metals prices. The German DAX 30 rose 0.3%, the French CAC 40 was flat, and London FTSE 100 fell 0.3%.
Elena
23 Mar, 2006
New York City
Tech stocks were pressured by warning from Adobe which fell 2.7% on disappointing guidance. Transportation stocks were the biggest losers, dragged largely by trucking stocks with YRC Worldwide falling 15%. Defense stocks like Boeing and United Technologies were also weak. A sharp advance in oil prices sent oil stocks higher with ConocoPhillips up 1.3%. Homebuilders rose, following an upbeat existing sales report. KB Homes gained 2%.
Elena
23 Mar, 2006
New York City
Stocks traded lower on disappointing guidance from software maker Adobe Systems and a report which showed an unexpected drop in jobless claims and raised inflation and interest-rate concerns. ConAgra Foods posted a Q3 loss of 6 cents a share from a profit of 32 cents a year-earlier. General Mills reported Q3 profit rise of 7% to 68 cents a share on 3% net sales growth, beating expectations.
Elena
23 Mar, 2006
New York City
Stocks declined at opening on disappointing guidance from software maker Adobe Systems and a report which showed an unexpected drop in jobless claims and raised inflation and interest-rate concerns. ConAgra Foods posted a Q3 loss of 6 cents a share from a profit of 32 cents a year-earlier. General Mills reported Q3 profit rise of 7% to 68 cents a share on 3% net sales growth, beating expectations.
Elena
23 Mar, 2006
New York City
India market came under intense selling on the news that Congress Party Chief Sonia Gandhi has resigned from her Parliament seat to avoid controversy related to the qualifications of the membership rules. Sensex lost 131 point gain to close unchanges. Steel and stocks rose but Sugar stocks took beating.
Elena
23 Mar, 2006
New York City
Stock futures pointed to a lackluster opening on disappointing guidance from software maker Adobe Systems. Meanwhile, Yahoo gained after UBS raised its rating on the company. An unexpected drop in jobless claims gave a signal of healthy job market. 302,000 people applied for jobless benefits vs. 313,000 last week. Economists had expected a decline to 305,000.
Elena
23 Mar, 2006
Frankfurt
European stocks traded mixed at mid-day, reflecting weak energy stocks which declined on five-week low oil prices and largely limited gains on higher Wall Street close and strength in the mining sector. The German DAX 30 gained 0.1%, the French CAC 40 lost 0.2%, and London FTSE 100 fell 0.2%.
Elena
23 Mar, 2006
New York City
Asian-Pacific benchmarks largely advanced Thursday, lifted by Wall Street gains overnight. Hong Kong Hang Seng rose 0.8%, despite interest-rate concerns. South Korean Kospi gained 0.2%, supported by 5.1% rise in Kookmin Bank. Australian All Ordinaries climbed 0.4% on strong mining and energy stocks like BHP Billiton and Rio Tinto. The Nikkei edged down 0.04% on heavy sell-off of steel, property and brokerage shares.
123jump.com Staff
22 Mar, 2006
New York City
Market built a slow but steady rise in averages during the day despite negative news from General Motors and Microsoft. GM buyout may not go far enough and Microsoft delay in lauching Vista caused ripple effects in chip and hardware stocks. Tech stocks sold-off but Nasdaq Index gained at close. Weekly petroleum report suggested healthy inventories of crude oil and gasoline. Emerging markets around the world corrected but Brazil advanced.
