Ivaylo
14 Nov, 2001
New York City
European shares traded higher on Tuesday, helped by some further gains in the telecom sector after Vodafone Group reported well-received results, and as mining shares recouped some of the losses on the previous day. Overnight in New York, the main stock indicators finished with modest gains, driven by technology stocks. By mid morning, the FTSE 100 in London added 0.3%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris was marginally higher.
Ivaylo
14 Nov, 2006
New York City
There was little news affecting the precious metals markets but cues were taken from weaker base metal prices in New York and London as well as an increase in the dollar. Gold continues to be influenced by the movements in the dollar, oil and seasonal physical demand as the year-end approaches. Physical demand for gold will increase ahead of the Christmas season, but news that gold jewelry exports of Turkey were curbed by the volatile prices this year dented sentiment.
123jump.com Staff
13 Nov, 2006
New York City
Upgrades on Intel and Dell helped to rally semiconductor and tech stocks in general. Broader averages gained on comments fom the Fed President of Dallas. His assertion that the economy is expanding forcefully helped market to further gains in large cap stocks. Intel rose 1.9%, Dell gained 3% and Tyson Foods gained 4% on profit forecast in 2007. Wynn Resorts to issue a special dividend of $6 per share.
Elena
13 Nov, 2006
New York City
European stock markets closed in the green territory Monday, helped by telecoms stocks and solid gains for Alstom. The German DAX 30 advanced 0.57%, boosted by 2.6% gain for Deutsche Telekom. The French CAC 40 rose 0.8%, led by engineering group Alstom. London FTSE 100 added 0.23%, with gains limited by miners BHP Billiton, Rio Tinto and drug maker Novartis.
Elena
13 Nov, 2006
New York City
U.S. stocks extended earlier gains into a solid advance on speculations that key economic data, due out this week, will show strength in the economy with tame inflation. A positive economic view of a Fed official along with a decline in the price of oil further lifted sentiment. The Dow was led higher by gains for Intel and Merck. Intel jumped 1.7% as Citigroup upgraded the chip sector, while Merck added 1.1%, benefiting from a regulatory setback for rival Novartis.
Elena
13 Nov, 2006
New York City
Select large-caps and a surge in small-caps and mid-caps helped the benchmark index jump more than 100 points today. NTPC led the gainers, Bharti Airtel, Reliance Energy and Infosys also advanced. Hero Honda, Tata Steel were among the biggest decliners. Reliance Industries ended flat, failing to capitalize on the upbeat market sentiment. Wheat sowing in India has grown sharply, the farm ministry announced on Monday.
Elena
13 Nov, 2006
New York City
Stocks opened mixed Monday ahead of retail sales and inflation data later in the week. Intel was an early gainer, up 1.1%, lifted by an upgrade for the chip sector from Citigroup. SanDisk fell 2.2% after UBS downgraded the company to neutral from buy. Tyson Foods reported a Q4 loss vs. a year-earlier profit. Revenue fell from a year ago, but matched forecasts. The stock rose 2.2% in early trading.
Ivaylo
13 Nov, 2006
New York City
Bid developments pushed life insurer Resolution higher after it confirmed it was in discussions with various parties concerning a wide range of possible transactions, including a possible offer for the group. Scottish Power was also strong as the market awaits developments following the approach by Iberdrola last week. On the downside, copper futures fell to a five month low, sending all the miners into the red. In late morning, the FTSE 100 was up 7.6 points, or 0.1%, at 6,216.3.
Elena
13 Nov, 2006
New York City
Stock futures turned flat, as crude oil retreated from an early rally toward $60, falling 77 cents to $58.82. Tyson Foods Inc. reported a wider-than-expected Q4 loss to 17 cents per share, compared with a profit of 33 cents per share last year, missing estimates of a 4-cent loss. The wider loss was attributed to one-time charges and losses in the chicken and beef sectors.
Elena
13 Nov, 2006
New York City
Stock market futures moved slightly higher Monday morning, with investors shifting their focus from election news toward inflation and key data later this week. In corporate news, KB Home announced late Friday that CEO Bruce Karatz is leaving after the conclusion of a stock-option grant price probe. IBM is reportedly joining a consortium led by Citigroup that is bidding for China''s Guangdong Development Bank.
Ivaylo
13 Nov, 2006
New York City
Japanese stocks fell, led by banks, machinery stocks and commodity-related issues ahead of July-September gross domestic product data. In Hong Kong, property companies weighed on the market after developer Henderson Land placed shares over the weekend. South Korean shares finished flat, with strong gains in technology shares offsetting losses in shipbuilders. Australia declined as miners plunged while in Taiwan shares dipped due to tech stocks.
Ivaylo
13 Nov, 2006
New York City
Mining stocks, weakened in response to lower commodity prices. Top of the earnings pile on Monday was Alstom, the French engineering group. It reported a 27% rise in first-half operating profit. Miners were the biggest weight to the downside on worries that a slowdown in the global economy would hurt demand for metals. In early trade, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris added 0.3%.
Ivaylo
13 Nov, 2006
New York City
After increases in London and Shanghai exchange copper stocks led to a technical breakdown for the metal. The main culprit in the copper sell-off, it appears, is the reported rise in Chinese stocks this week. Profit-taking left December gold lower at its settlement price while December silver was lower for much of the session, but it bounced from the low on Friday.
123jump.com Staff
10 Nov, 2006
New York City
AIG profit rise and Boeing win of order worth as much as $15 bilion failed to excite investors in the larg cap. Martket averages barely budged for the day. Disney profit gains was tempered by the caution that recent acquisition of Pixar may take five years to work out. Disney stock fell 3.5%. Copper dropped 22 cents causing a sharp drop in Phelps Dodge, Rio Tinto and Southern Copper Peru.
Elena
10 Nov, 2006
New York City
European stock markets closed little changed Friday, reflecting continuous weakness among pharmaceutical stocks. However, gains in chemical firms such as Rhodia and commodity-related shares helped limit the downside move. London FTSE 100 dropped 0.37%. The French CAC 40 ended flat at 5,447.5. The German DAX 30 ended flat at 6,357.77.
