Elena
10 Apr, 2006
Metals
U.S. stock futures predicted a flat start of Monday session, following steep one-day declines on Friday after better-than-expected employment report. JPMorgan Chase & Co. is expected to be in focus after it said it will swap its corporate trust unit for Bank of New York Co.''s 338 retail branches and small business banking network.
Elena
10 Apr, 2006
Frankfurt
European markets were mixed at mid-day. Strong energy, resource and auto stocks sent the British and German averages slightly higher, but concerns over the French economy offset the positive sentiment. The German DAX 30 gained 0.04%, London FTSE 100 rose 0.3%, while the French CAC 40 declined 0.3%, reflecting disappointing industrial production data.
Elena
10 Apr, 2006
New York City
Asian-Pacific benchmarks closed mostly in the red. The Nikkei dropped 0.6% to 17,456.58 on profit taking after reaching six-year highs last week. Technology and machinery stocks led losers with Sony falling 1.2% and Komatsu down 2%. Hong Kong Hang Seng climbed 0.3%, led by MTR and China Mobile.
123jump.com Staff
07 Apr, 2006
New York City
Market averages rose and then fell sharply as trading closed. March employment level and wholesale sales report sparked a wave of buying at the opening. Traders turned cautious in the afternoon on profit taking and prospect higher rates in the coming months. Research In Motion fell 5%. Apple and Goolge fell after rising for the week. Starbucks rose 2% on 10% rise in same-store sales. Mexico and Brazil face sharp correction but Asian markets rise.
123jump.com Staff
07 Apr, 2006
New York City
Emerging markets in Asia continued their advance for the day and for the week. Latin markets closed the volatile week on the downside. Indonesia, India, Philippines and Hong Kong rose for the week. India added 8% in less than ten trading days. Thailand recovered from the election worries. In Latin America Mexico lost 2% and Brazil and Venezuela lost close to 1%.
123jump.com Staff
07 Apr, 2006
New York City
Market lost its trading momentum in the late afternoon.Large caps lead decliners as traders book profits. Earnings season is soon to start with Alcoa, Genetech, Harley Davidson and Commerce Bancorp to report earnings next week. Research In Motion dorpped 5% on lower earnings. Aracruz, Brazilian paper pulp maker reported strong earnings. Emerging markets declied as gold and oil prices fell in international markets.
Elena
07 Apr, 2006
Frankfurt
European markets erased earlier gains to close in the negative. Stocks initially gained some ground on better-than-expected U.S. jobs growth, but eventually fell down on profit taking. Metals and auto stocks were notable decliners, while oil companies advanced on brokerage upgrade of the sector. The German DAX 30 dropped 1.3 %, the French CAC 40 fell 0.9%, and London FTSE 100 lost 0.3%.
Elena
07 Apr, 2006
New York City
U.S. stocks lost ground in late morning trading after the treasury long-term debt yields rose to their highest in more than three years on worries about interest rate increases, following the release of government jobs report. Benchmark 10-year notes fell for a yield of 4.94% compared with 4.90% late on Thursday.
Elena
07 Apr, 2006
New York City
U.S. stocks traded higher after upbeat jobs data helped ease inflation worries. The Labor Department said that nonfarm payrolls unexpectedly rose to 211,000, while wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists. RIM fell 5% after the company released lowered Q1 earnings and revenue guidance. Starbucks rose on better-than-expected growth in March same-store sales.
Elena
07 Apr, 2006
New York City
U.S. stocks opened higher after upbeat jobs data helped ease inflation worries. The Labor Department said that nonfarm payrolls unexpectedly rose to 211,000, while wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists. Shares of Research in Motion fell 5% in pre-market trading after the company released lowered Q1 earnings and revenue guidance.
Elena
07 Apr, 2006
New York City
U.S. stock futures predicted higher start of Friday session after upbeat jobs report helped ease inflation worries. The Labor Department said that nonfarm payrolls rose by 211,000, vs. expectations of a rise to 190,000 nonfarm payroll jobs last month. Wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists.
Elena
07 Apr, 2006
Mumbai
Market average gyrated for the most of the day under the fear of rumors and pull back from institutional investors. After rising 8% in less than ten trading days the pull back in averages was anticipated. Daily trading volume jumped to $1.2 billion from $0.9 billion. ACC rose close to 5% on earnings report next week as market awaits fiscal 2006 earnings.
Elena
07 Apr, 2006
Frankfurt
European stocks traded near the flat line at mid-day, reflecting cautiousness ahead of U.S. jobs report and news that BAE Systems is selling its stake in Airbus. The German DAX 30 inched up 0.01%, the French CAC 40 edged down 0.01%, while London FTSE 100 gained 0.3%.
Elena
07 Apr, 2006
New York City
Asian-Pacific benchmarks advanced across the region,supported by technology stocks. The Nikkei recovered from earlier weakness to hit a five-and-a-half-year high of 0.4% to 17,563.37 on blue chip and tech stocks. Hong Kong Hang Seng also reached a new high, lifted by flows of speculative funds. The index gained 0.4%. Taiwan Weighted index added 0.4% on semiconductors.
123jump.com Staff
06 Apr, 2006
New York City
Market traded lackluster as metals and oil market dominated news. Oil jumped up. Gold traded for the first time since 1981 above $600 and sivler rose to $12. 3M rose 6% on better earnings outlook but Merck lost 3% on court verdict. Parker Hannifin lost 5% on lower sales. Apple rose added 6% after rising 10% in previous session. In emerging markets Hong Kong rose 1.93%.
