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Market Update

Stocks decline around the world

123jump.com Staff
14 Apr, 2005
New York City

Stocks declined around the world beginning in Japan and Australia dragging all the major Asian markets. Investors in Japan were reluctant to buy stock due the economic slow down concerns and earnings worries for the local companies. Recent tensions in some of the Chinese cities did not help either. Australian stocks were sold off on the mining and metal stock concerns. Decline in metal and iron ore prices in began in Australia and continued in Europe, NY and in South America.

Markets Down on IMF Report

savina
14 Apr, 2005
New York City

European and Asian benchmarks dropped after the International Monetary Fund said global economic growth will slow to 4.3% in 2005, down from 5.1% in 2004. Growth in Japan is seen at 0.8%, significantly lower than IMF previous estimate of 2.6%. The dollar rose against the yen and the euro in Asia.

Inflation drives sell-off in Equities


13 Apr, 2005
New York City

The sell-off in equities started early on and continued through out the day. Weak retail sales data and market

Stocks open lower on retail sales data


13 Apr, 2005
New York City

This morning Commerce department reported that March retail sales increased 0.3 percent. This was followed by rise of 0.1% and 0.5% in January and February. The prospects of higher sales related to Easter holiday were washed by higher oil prices and bad weather in much of the nation. Economists were looking for 0.8% rise in sales.

Europe and Asia Mostly Lower


12 Apr, 2005
New York City

European and Asian benchmarks were mostly lower Tuesday dragged by chip stocks and profit-taking in the retail sector.

Stocks Down on Wider Deficit


12 Apr, 2005
New York City

U.S. averages opened lower as the February trade deficit widened to a record $61 billion, raising concerns of slow U.S. economic growth.

Stocks Down on Wider Deficit


12 Apr, 2005
New York City

Stocks fell across the technology, drug and media sectors after the February trade deficit widened to a record $61 billion, raising concerns of slow U.S. economic growth.

Markets turn with the Fed Minutes

Staff
13 Apr, 2005
New York City

This morning Commerce department reported that Feb goods and service trade deficit was $61.04 billion, 4.3% higher than January 2005 deficit. To put this in perspective, Feb 2004 and 2003 deficits were $45 and $40 billion. Surging oil prices and exports from all major trading countries played a role in driving the deficit higher.

Market Treads Water, All Day


11 Apr, 2005
New York City

Metals rise, oil falls, Apple and IBM fall on earnings concern

Markets Modest, Microsoft Jumps


11 Apr, 2005
New York City

Microsoft shares gained 16 cents after the company agreed to pay Gateway $150 million to resolve antitrust claims.

Europe and Asia Down


11 Apr, 2005
New York City

European and Asian markets were down Monday on losses for carmakers, semiconductor and computer stocks.

Profit taking drives averages lower


08 Apr, 2005
New York City

May crude oil futures closed down to $53.32 down 79 cents for the day after reaching peak of $58.28 on Monday this week. Trades perception of better gasoline inventory levels and higher supply pledge appears to have pushed the crude prices down for now.

Stocks Move Higher on Oil Retreat


08 Apr, 2005
New York City

Stocks moved higher Friday morning as oil prices dropped for a fifth straight day.

Markets Rise on Easing Oil Prices


08 Apr, 2005
New York City

Indexes across Europe and Asia rose after the U.S. rally overnight and a drop in crude oil prices. Fed chief is expected to speak on consumer finance later in the day.

Day 4


07 Apr, 2005
New York City

At the end of the today, stock market overpowered oil.