Ivaylo
27 Nov, 2006
New York City
Worries flourish over the influence of the slipping dollar on companies which generate a high proportion of their earnings in the US. Dollar-sensitive stocks such as software company SAP countered gains from some commodity based stocks and upbeat results from drugmaker Bayer. The U.K. FTSE 100 index lost 0.04%, while the German Xetra Dax traded 19 points or 0.2% lower and the French CAC 40 lost 15 points or 0.3 %.
Ivaylo
27 Nov, 2006
New York City
The greenback decline was due to concerns about flagging economic growth in the U.S. Platinum continued its trend of extreme volatility, rising $34 in the Friday session alone. The NYME was closed for trading Friday, leaving the electronic Chicago Board of Trade contract as only way to trade the precious metal. It was the first time the CBOT contract had been open while NYME was closed.
123jump.com Staff
24 Nov, 2006
New York City
Investors watched consumers battle for discounts at malls and stores. Early indications show a steady flow of customers at malls across the country. Fall in dollar in the international markets against euro and pound kept major stock averages under check in Europe and the U.S. The decline in dollar in the last three days has supported a steady rise in gold, silver and platinum prices. Dollar falls to eighteen-month low against euro and two-year low against pound. Euro closed above $1.30.
Elena
24 Nov, 2006
New York City
European stock markets ended lower for the third consecutive session after the U.S. dollar tumbled to its lowest level against the euro since April 2005. Consequently, exporter-related issues declined, with Siemens, Nestle, and BASF each falling 1%. The German DAX 30 slipped 1%, followed by the French CAC 40, down 0.7%, and London FTSE 100, down 0.3%.
Elena
24 Nov, 2006
New York City
Retail stocks declined on Black Friday as the sector''s main measure dropped into the red in early trading. Family Dollar fell 1.6% after the discount retailer said it won''t file its annual report by the Friday extended deadline, citing its continuing investigation into stock options. Shares in Target Corp. lost about 1%, while Sears Holding inched up 0.4%. Wal-Mart also moved slightly down.
Elena
24 Nov, 2006
New York City
The market gained momentun today as buying in large-caps intensified. In early trading four block deals executed in HDFC gave the benchmark index a boost. Later, though, profit-booking prevailed but the Sensex still managed to finish in positive territory. NTPC, Dr Reddy and Tata Steel led the gainers on BSE, while Hero Honda, a top performer yesterday, led the decliners. Inflation in the 12 months to Nov. 11, was marginally lower than the the figures previous week.
Elena
24 Nov, 2006
New York City
U.S. stock markets opened in the negative, as the holiday shopping season began in earnest and a sharp drop in the dollar added to inflation worries, and diminished the appealing of U.S. shares to foreigners. The euro broke through the $1.30 level for the first time since April 2005. The sharp sell-off of the dollar continued and it fell to as low as 115.61 yen from 116.27 yen late Thursday. The British pound rose to $1.9351 from $1.9156.
Ivaylo
24 Nov, 2006
New York City
A slide in the value of the dollar added to the already incurred losses caused by a burst of profit taking. Companies with exposure to the US were hit hard including fund manager Amvescap, credit checking firm Experian and plumbing supplies group Wolseley. Life insurers Prudential and Old Mutual were also stuck well in the red. In afternoon trading on Friday, the FTSE 100 was 0.86% lower at 6,088.
Elena
24 Nov, 2006
New York City
U.S. stock market futures indicated a sharply lower market opening on Friday for a shortened trading day. The declines tracked weakness in Asian and European stock markets. What hurt pre-market sentiment wad a plunge of the U.S. dollar against other major currencies, with the euro climbing above $1.30 after economic data showed strong business confidence in Germany.
Ivaylo
24 Nov, 2006
New York City
Weakness in Toyota Motor, Sony and other exporters was seen after the recently hit yen held its ground near a two-month high against the dollar. Hang Seng Index in Hong Kong ended fractionally lower, while the China Enterprises Index, a gauge of China-incorporated shares listed in Hong Kong, declined. Tech-sector gains lifted the broader index in Taiwan. South Korean Kospi advanced and Malaysia gained as well. Australia and Singapore bucked the uptrend and declined.
Ivaylo
24 Nov, 2001
New York City
The euro on Friday broke through the $1.30 level for the first time since April 2005, and continued hovering above that barrier. On Wednesday, economic data showed waning U.S. consumer confidence and growing jobless claims, prompting a big dollar sell-off. Banks also fell in Europe on concerns equity market losses could hit future profits. In early exchanges, London FTSE 100 fell 0.5%, Frankfurt Xetra Dax shed 0.9%, in Paris the CAC 40 lost 0.7%.
Ivaylo
24 Nov, 2006
New York City
The weaker dollar helped to push gold prices higher. However, gold traded in a pretty narrow range on Thursday and had been consolidating. No dramatic moves are expected in the last weeks of the year, though. Still, gold may not be able to rise above $636, given the lack of trading from the Thanksgiving holiday in the U.S. Platinum gained after tumbling this week from record highs.
123jump.com Staff
23 Nov, 2006
New York City
Markets around the world inched higher except in Europe. Canadian, Asian and Latin American markets closed higher on optimistic look on oil and gas price and expected rise in merger activities in the U.S. European markets closed lower for the second day after gaining for a week. Rise in German business confidence to a fifteen year high supported a rise in euro against dollar. In the U.S. next week market awaits GDP growth, construction spending and new and existing home sales.
Elena
23 Nov, 2006
New York City
European stock markets finished mostly in the red on Thursday as weakness in oil and gas companies along with sharp losses for transport stocks dragged down indexes. The French CAC 40 dropped 0.5%, with Air France-KLM posting a loss of 6.5%. Oil-heavy London FTSE 100 closed down 0.3%, with oil majors BP and Royal Dutch Shell losing 0.7%. The German DAX 30 finished flat at 6,476.12, reversing from an earlier rise on the back of upbeat economic data.
Elena
23 Nov, 2006
New York City
Weakness in ICICI Bank in the opening trades saw the Sensex open with a negative gap. Later, Reliance Industries sank and caused the barometer index to slip in the latter part of a highly volatile and range-bound trading. Hero Honda and HDFC Bank surged at the end of the day, while Satyam and Bharti Airtel led the decliners. SBI may revise its grwoth target upwards from the current rate of 30% growth in loans for the current fiscal year.
