Ivaylo
23 Nov, 2006
New York City
London leading shares deepened their losses following negative broker comment. Water company Kelda topped the blue chip fallers after Citigroup lowered the shares, while British Land was also down as HSBC cut the property group rating. Tobacco stocks rallied after a European Court of Justice ruling dashed the prospect of cheap tobacco and alcohol being sold over the internet. The FTSE 100 was 13.5 points, or 0.2%, lower at 6,145.8 by mid-morning on Thursday.
Ivaylo
23 Nov, 2006
New York City
Japanese markets were closed Thursday for a public holiday. So it was Australia today that made news. Foster''''s and Metcash are likely to be next in line for takeover bids, although Qantas Airways declined a day after surging to a record after the airline announced it was in talks with a private equity group. Hang Seng Index in Hong Kong rose extending gains, while Singapore Straits Times Index advanced 0.4%, furthering gains after setting another record in the previous session.
Ivaylo
23 Nov, 2006
New York City
With the closure of US and Tokyo markets for public holidays, European stocks declined for a second day. Earnings at Air France-KLM Group, the biggest airline in the region, and KBC Group NV, the second largest financial-services company in Belgium, also disappointed investors. By mid morning, the FTSE 100 in London lost 0.3%, Frankfurt
Ivaylo
23 Nov, 2006
New York City
On the NYME, platinum has been the big mover in the precious metals lately. Traders have linked the movement to options-related activity and unsubstantiated rumors about a platinum exchange-trade fund. On Wednesday, platinum closed lower, just one day after the January futures nearly hit an all-time high. December gold initially rose but backed off to settle slightly higher. Silver and copper futures settled down, as well as palladium.
123jump.com Staff
22 Nov, 2006
New York City
General Motors stock dropped 4.7% on the news that Kirkorian controlled investment vehicle has cut its GM holding by 25%. The billionaire investor has sold 14 million shares and cut its holding down to 42 million shares, representing only 7.4% stake in GM. The U.S. dollar dropped on the job report showing more people filing for unemployment report. Initial jobless claims increased by 12,000 to 321,000.
Elena
22 Nov, 2006
New York City
European stock markets finished mixed as disappointing U.S. economic data offset gains in the airline sector. Airlines showed strength on bid speculation. Deutsche Lufthansa rose 1.9%, shares of British Airways rose 2.1%, and Air France-KLM shares gained 3.2%. The German DAX 30 advanced 0.2%, supported by Techem which climbed 7.8%. The French CAC 40 edged down 0.1%, while London FTSE 100 moved notably down 0.7%.
Elena
22 Nov, 2006
New York City
U.S. stocks turned to a lackluster performance after weaker-than-expected consumer sentiment data offset upbeat Q3 earnings from computer giant Dell. Dow component General Motors also weighed with a drop of 2.6%, extending this-week losses on speculation its biggest shareholder is moving capital to other investments and on concerns the giant automaker headed toward a tough round of contract talks with its biggest union.
Elena
22 Nov, 2006
New York City
The Sensex finished for the first time above the 13,700 level in an across the bourd rally. Capital goods and auto stocks surged on sustained buying by funds and retail investors. Satyam, Hero Honda, Reliance Energy led the gainers. Bank continued to rally as ICICI and UTI Bank both gained. HDFC Bank was the main decliners, Infosys lost, as its ADR sank. Commercial ties between China and India are set to surge as the two countries focus on development.
Elena
22 Nov, 2006
New York City
Dell climbed 10% on better-than-expected profit rise of 12% in Q3. Brocade jumped 8% after it reported Q4 net income of 7 cents a share compared with breakeven in the year-earlier period. J Crew Group rose 5% as Q3 earnings rose to $26 million from $3 million in the year-earlier period, helped by 23% revenue increase and comparable-store-sales growth of 19%. Alcoa gained 2% after the world''s biggest aluminum company unveiled a broad restructuring that will cut 5% of its workforce.
Ivaylo
22 Nov, 2006
New York City
London equities were higher at mid-day on Wednesday following steady sessions in the US and Asia overnight. ICI shares surged after it announced the sale of one of its departments. Firmer metal prices gave strength to the mining sector with Vedanta Resources and Xstrata leading the gainers. Airline stocks were given a boost following news of a possible merger. By mid-day, the FTSE 100 in was up 9 points to 6,211.9.
Elena
22 Nov, 2006
New York City
U.S. stock futures moved to the upside Wednesday, boosted by better-than-expected Q3 results reported by Dell Inc. Trading is likely to be subdued ahead of the Thanksgiving holiday. The Labor Department reported that in the week ending November 18, initial claims advanced to 321,000, an increase of 12,000 from the previous week''s revised figure of 309,000.
Elena
22 Nov, 2006
New York City
The computer giant said that net income rose to $677 million, or 30 cents a share, up from $606 million, or 25 cents in the year-ago quarter, exceeding estimates of 24 cents a share. However, the computer giant called the results preliminary and subject to change due to an ongoing probe by federal securities regulators into its accounting practices. Dell shares jumped 9% in pre-open trading.
Ivaylo
22 Nov, 2006
New York City
Asian markets advanced Wednesday, with the Nikkei 225 in Japan closing higher as investors bought in Mitsubishi UFJ Financial Group, Softbank Inc. and other large-caps that were heavily sold earlier in the week, while a recovery in oil prices lifted a commodity-focused Australian index. The benchmark for China stocks in Hong Kong, the China Enterprises Index, surged, led by gains in property and banking shares.
123jump.com Staff
21 Nov, 2006
New York City
Market averages lost its mid-day trading momentum as oil gained. Oil rose and settled above $60. Weather conditions in Alaska prevented oil tankers loading. Deere & Co stock rose 6.55% on 19% jump in earnings on higher farm equipment prices. Google gained $14.60 to close at $509.65. Niche apparel retailers rose in anticipation of better holiday sales. Nordstrom gained 4.5% on earnings.
Elena
21 Nov, 2006
New York City
European stock markets finished modestly higher Tuesday, as weakness in the auto sector offset gains in financial-services stocks. Oil producers BP and Total also lent support, gaining on higher crude prices. London FTSE 100 ended flat at 6,202.60, with shares in British Land rising 1.1%. The German DAX 30 edged up 0.12%, with Deutsche Boerse, up 3%. The French CAC 40 ended up 0.08%, supported by 1.9% gain for food group Danone.
