Elena
17 Mar, 2006
New York City
U.S. stocks opened higher, awaiting key consumer sentiment report. General Motors and American International Group weighed on the Dow. GM shares fell 2.4% on report that its 2005 loss was $2 billion deeper than previously reported. AIG fell 2.5% on 72% drop in Q4 profit, citing a legal settlement charge and hurricane losses.
Elena
17 Mar, 2006
New York City
Stock futures pointed to a lackluster opening on cautiousness ahead of key consumer sentiment report. General Motors and American International Group weighed on the Dow. GM shares fell 4% before the bell on report that its 2005 loss was $2 billion deeper than previously reported. AIG fell 1.4% on 72% drop in Q4 profit, citing a legal settlement charge and hurricane losses.
Elena
17 Mar, 2006
Frankfurt
European averages posted solid gains at mid-day on strong insurance stocks, including Zurich Financial, Prudential, and Royal & Sun. London FTSE 100 hit a five-year high, rising 0.8% to 6,041. The French CAC rose 0.8% and the German DAX 30 gained 0.75.
Elena
17 Mar, 2006
New York City
Indian market remains a favorite destination of emerging market investors. For the week the index rose 0.9% and industrial, media, banks and software consulting companies rose. The markets in Gulf region suffered worst declines ever in Saudi Arabia, Dubai and Egypt. Indexes in Dubai, Egypt and Saudi Arabia lost between 20% and 30% this week. Since 2002 these markets have gained between 600% and 1,200% before this correction.
Elena
17 Mar, 2006
New York City
Asian-Pacific benchmarks finished broadly higher. The Nikkei rebounded from Thursday sharp decline, supported by strong bank and brokerage stocks. The index surged 1.5% after Softbank announced a $15.6 billion bid for the Japanese assets of Vodafone. China Mobile led Hong Kong higher, South Korean Kospi reversed from losses to gain 0.5%, while Shanghai Composite declined 0.4%.
123jump.com Staff
16 Mar, 2001
New York City
Investors for the second day read economic reports of healthy economic growth and contained inflation. February CPI rose 0.1% after gaining 0.7% in January and Phily Fed suggested that the inflation at retail level is under control. Less than a steep decline in February housing starts and falling yields drove most housing stocks higher. Emerging markets were led by Indonesia and Mexico. India closed at record high for the third time.
123jump.com Staff
16 Mar, 2006
New York City
Most markets in the developing economies maintained their upward bias during the trading day. Markets in Pakistan, Indonesia and Mexico led advancers. Home builders and consumer staples led the advancers in Mexico.Cemex, Homex and Fomex were up at least 1% near close. Brazil index was under pressure near close but several telecom, steel and airline stocks were higher. Marekt in India reached a new high for the third time this week.
123jump.com Staff
16 Mar, 2006
New York City
Emerging markets continue to draw investors attention and funds. Russia, Turkey, Brazil and India are trading for the year are up 15% or more in the first 10 weeks of the year.For the year so far Indian market has attracted $3.3 billion investments from foreign investors. Brazil, Mexico and Russia continue to receive funds from the U.S., Japan and Europe. Brazil last week lowered interest rate by 75 basis points.
Elena
16 Mar, 2006
Frankfurt
European markets closed near the flat line, erasing some of the earlier losses as strong performance from Casino Guichard and Corus Group limited decline on pressuring oil, healthcare sand insurance stocks. The German DAX 30 lost 0.01%, the French CAC 40 inched down 0.04%, while London FTSE 100 rose 0.5%.
Elena
16 Mar, 2006
New York City
U.S. stocks advanced Thursday morning, boosted by benign inflation and housing starts data. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. ConAgra Foods fell 6.8% due to a massive restructuring plan. The company also cut its quarterly dividend by 34%. Qualcomm rose 2% on upgrade at Merrill Lynch, while Ford Motor declined 1.1% on downgrade at J.P. Morgan.
Elena
16 Mar, 2006
New York City
U.S. stocks advanced Thursday morning, boosted by benign inflation and housing starts data. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. Housing stocks rose on falling treasury yields. ConAgra Foods fell 6.8% due to a massive restructuring plan. The company also cut its quarterly dividend by 34%.
Elena
16 Mar, 2006
New York City
U.S. stocks opened higher, boosted by economic data on consumer prices which showed inflation slowed sharply in February as food costs moderated and the price of energy products significantly fell. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. Housing stocks rose on falling treasury yields. Toll Bros rose 4.7%, Ryland Group 2.5%, Hovnanian gained 2.1%, KB Home added 1.6%.
Elena
16 Mar, 2006
New York City
Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.
Elena
16 Mar, 2006
New York City
Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.
Elena
16 Mar, 2006
Frankfurt
European averages traded lower at mid-day, pressured by oil, healthcare and insurance stocks. Strong performance from supermarket group Casino Guichard and steelmaker Corus Group failed to offset decline. The German DAX 30 fell 0.3%, the French CAC 40 declined 0.3%, and London FTSE 100 lost 0.2%.
