Ivaylo
17 Apr, 2007
New York City
Gold futures ended higher on Monday, boosted by a softer dollar. There was a lot of physical buying underneath the market. Overall the sentiment remained very bullish and the uptrend was certainly intact. Platinum and palladium, though, were supported by news that exchange-traded funds will be launched for the white metals next month in Switzerland, despite the fact that palladium closed lower for the day on profit-taking.
123jump.com Staff
16 Apr, 2007
New York City
U.S. stocks gained with a lower crude-oil price and good earnings news from financials helping. Commerce Department said March retail sales increased 0.7%, more than expected. Sallie Mae agreed to be sold in a $25 billion deal. Also, Google added 1.8% as it agreed to acquire digital marketing company DoubleClick for $3.1 billion in cash. Citigroup reported a 15% rise in revenue and an 11% drop in first-quarter profit.
123jump.com Staff
16 Apr, 2007
New York City
U.S. stocks rallied helped by Citigroup strong financial results and a $25 billion buyout deal of student loan company Sallie Mae. Google gained 2% on the purchase of DoubleClick, an online advertising network and lifter Aquantive 8%. Amazon advanced 6% on broker upgrade and Parlux Fragrances fell 10% on higher than expected operating costs.
Elena
16 Apr, 2007
New York City
European stock markets hit new multi-year highs on Monday, benefiting from strength in the banking sector, generated by deal talk involving Dutch bank ABN Amro. The Dutch bank giant surged 5.7% after it said it will exceed its 2007 earnings target. The company also stated that it received a letter of interest from Royal Bank of Scotland, Banco Santander Central Hispano and Fortis.The German DAX 30 climbed 1.8%, the French CAC-40, advanced 1.3%, and the U.K.''s FTSE 100 rose 0.8%.
Elena
16 Apr, 2007
New York City
U.S. market averages moved sharply higher on Monday morning, building on last-week gains. The sentiment was driven by Citigroup, which rose 2.8% on higher-than-expected earnings and a $25 billion buyout deal for Sallie Mae, sending its shares up 18%. Slightly stronger-than-expected rise in March retail sales helped push the Standard & Poor''s 500 index to 6-1/2-year highs.
Elena
16 Apr, 2007
New York City
Eli Lilly & Co. said its Q1 profit fell 39%, but the company''s adjusted profit came in above expectations. The drug maker also reported a rise in revenue, and lifted its full-year sales and earnings guidance. The stock gained 2%. Shares of ABN Amro climbed 6% amid higher Q1 earnings and news that European peers Royal Bank of Scotland, Banco Santander Central Hispano and Fortis are interested in making a joint bid for the Dutch bank.
Elena
16 Apr, 2007
New York City
U.S. market posted gains at opening, boosted by $25 billion buyout of student-loan firm Sallie Mae, as well as stronger-than-expected earnings from Citigroup, Wachovia, Eli Lilly and Mattel. Citigroup posted Q1 profit drop of 11%, due to a big charge related to its restructuring plan. However, excluding it, the profit exceeded estimates, thanks to an increase in revenue. The stock rose 3.2% helping the blue chips and other bank stocks.
Ivaylo
16 Apr, 2001
New York City
The prospect of further M&A in the banking sector drove the FTSE 100 to a fresh six-and-a-half year high on Monday. Royal Bank of Scotland is the biggest advancer after confirming that it, together with European banks Fortis and Santander, submitted a joint bid proposal to ABN Amro last week. Miners surged ahead as metal prices improved. The benchmark index was 33.3 points higher at 6,495.9.
Ivaylo
16 Apr, 2007
New York City
Asian markets ended on an upbeat note Monday, as Japanese stocks recorded sharp gains on export-related stocks, supported also by a decline in the yen and a strong close in U.S. markets in the past week. Markets all over the region advanced, with record-setting performances in South Korea, Indonesia and Shanghai. Financial markets in Thailand were closed for a public holiday.
Elena
16 Apr, 2007
New York City
Wall Street pointed to higher opening, lifted by strong earnings and higher March retail sales. Citigroup posted Q1 profit drop of 11%, due to a big charge related to its restructuring plan. However, excluding that charge, the profit was higher than expected, thanks to an increase in revenue. The banking giant said it earned $1.01 a share vs. $1.12 last year. Wachovia also reported better-than-expected earnings results. T U.S. fourth-largest bank posted 33% profit rise.
Ivaylo
16 Apr, 2001
New York City
The benchmark index opened with a positive gap and moved higher as the day progressed. Intense buying in cement, metal, capital goods and oil stocks powered the rally today. Index heavy Reliance industries struck an all-time high, aiding the rally, together with strong global markets and reports that the monsoon will be good this year. ACC was the best performer, while HDFC Bank and Satyam were the only declining stocks in the Sensex. ONGC, BG, Reliance Industries will invest $520 million.
Elena
16 Apr, 2007
New York City
Sallie Mae has been involved into regulatory investigations over relationships between colleges and student-loan companies. The deal is subject to approval by shareholders and clearances by regulators, is expected to close in late 2007. The investors would like to provide increased liquidity, stability and financial strength and J.P. Morgan Chase will support the company financially.
Ivaylo
16 Apr, 2007
New York City
European markets advanced for a second day after several banks including Royal Bank of Scotland may offer to buy ABN Amro and as Royal Philips Electronics reported profit that beat analysts'' expectations. ABN Amro shares surged to a record high. Royal Bank of Scotland and ING also rallied. The U.K. FTSE 100 added 0.5%, DAX Xetra 30 in Frankfurt rose 0.7% and CAC 40 in France increased 0.6%.
Ivaylo
16 Apr, 2007
New York City
Precious metals futures rallied Friday on fund buying after the dollar reached two-year lows. Gold has been drawing buying interest since spot metal broke through resistance around $666 earlier this spring. Copper rose, helped by inventory drawdowns and early concerns about potential labor situations. Crude oil futures ended modestly lower after the reported restart of part of a key Texas refinery brought some relief to a jittery energy market.
123jump.com Staff
24 Apr, 2007
New York City
More than forty companies reported earnings after the market close. Amazon.com reported that earnings in the quarter doubled on a strong rise in revenue. Western Union earnings fell on higher operating costs. Supplemntal insurance company Aflac earnings advanced to 84 cents vs 74 cents a year ago. Arthur J Gallagher earnings increased to 20 cents per share on revenue rise of 19%.
