Elena
20 Sep, 2006
New York City
Despite tumbling over 100 points at the start, the benchmark Sensex recovered in later trading due mostly to the fall in crude oil price and the expectations that RBI may keep interest rates unchanged at its credit policy next month. Cellular services providers, auto stocks and consumer products companies were in focus. Bharti Airtel, Reliance Comms, ONGC and HDFC led the advancers. HDFC Bank and BHEL led the decliners.
Elena
20 Sep, 2006
New York City
The three major averages opened higher, rebounding from losses yesterday. The Nasdaq showed a particularly strong upward move, lifted by the software sector with Oracle rising 11.5% after reporting better-than-expected Q1 earnings growth. The brokerage sector also gained, with Morgan Stanley helping to lead the sector higher, posting an advance of 1.2%.
Ivaylo
20 Sep, 2001
New York City
Traders expect the Fed announcement to keep interest rates unchanged, but to provide a guidance on future policy. The minutes of the last meeting indicated that the Fed would remain ultra vigilant on data. The plunge in energy prices since the last FOMC meeting will no doubt be referred to as it supports growth. Banks were among the strongest performers, while Mining stocks were among the main decliners. The FTSE 100 was up 0.17% by mid-day.
Elena
20 Sep, 2006
New York City
A six-month low by crude oil futures and better-than-expected quarterly results at Oracle and Morgan Stanley helped generate positive sentiment too. Morgan Stanley, the largest U.S. investment bank, rose 2% before the opening bell after it said earnings from continuing operations and excluding items rose 59%.
Elena
20 Sep, 2006
New York City
The software giant said net income was a record $670 million, or 13 cents a share, compared with $519 million, or 10 cents a share last year. The upbeat quarterly results were largely attributable to the $20 billion acquisition spree of the company.
Ivaylo
20 Sep, 2006
New York City
Several banks started considering lowering the credit rating of the country, including Standard & Poor''s Ratings Services. Some analysts, though, predicted that the coup impact may be limited and possibly even wrench Thailand out of the political crisis. Concerns about the coup contributed to declines on Asian markets as investors recalled how a slump in the Thai baht in 1997 sparked a crisis in emerging markets in Asia and around the world.
Ivaylo
20 Sep, 2006
New York City
The meeting of the U.S. Federal Reserve interest rate setting committee scheduled for later in the day and the military coup in Thailand, which triggered overnight losses in Asian markets accounted for the hesitant start of European stocks, although gains from software firm SAP and supermarkets Ahold and Delhaize offered indexes some respite. The U.K. FTSE 100 index edged down less than 0.1%, while the German DAX Xetra 30 index advanced 0.3% and the French CAC-40 index increased 0.2%.
Ivaylo
20 Sep, 2006
New York City
One can contend that expectations failed that the dollar would weaken on the back of higher interest rates, mixed with talk that inflation has moderated, is weighing on gold prices. Gold typically moves inversely to the dollar, and the metal is regarded as a hedge against inflation. Oil also fell on Tuesday.
Ivaylo
20 Sep, 2006
New York City
One can contend that expectations failed that the dollar would weaken on the back of higher interest rates, mixed with talk that inflation has moderated, is weighing on gold prices. Gold typically moves inversely to the dollar, and the metal is regarded as a hedge against inflation. Oil also fell on Tuesday.
123jump.com Staff
19 Sep, 2006
New York City
Market averages traded lower despite lower than expected wholesale inflation. Producer Price Index rose 0.1% but core index fell 0.4% for the month of August. Oil fell more than $2 on the news that OPEC may not have to cut the porduction in the coming years. Yahoo CEO said that financial and auto advertising is slowing dragging the stock 11% lower. Thai military launched a coup against the Prime Minister Thaskin.
Elena
19 Sep, 2006
New York City
The Thai coup news contributed to further market decline after being hit by a sharp drop in the pace of U.S. housing starts in August, down 6%, the lowest point in over three years. The Nasdaq composite index made the steepest decline by 22.55, or 1.01%.
Elena
19 Sep, 2006
New York City
European markets finished steeply in the red, despite benign U.S. wholesale inflation data and earnings-inspired gains. DaimlerChrysler lost 0.1% amid profit warning, while auto parts supplier GKN dropped 4.3% after UBS downgraded the company following DaimlerChrysler''s warning. London FTSE 100 dropped 1%, followed by the German DAX 30, down 0.9%, and CAC 40, down 0.6%.
Elena
19 Sep, 2006
New York City
Stocks traded in a lackluster fashion Tuesday morning with investors looking ahead to the Federal Reserve''s decision on interest rates on Wednesday. Steeper-than-expected decline in housing starts weighed on market sentiment. Napster jumped 14.9% after the company said it hired UBS Investment Bank to
Elena
19 Sep, 2006
New York City
Benchmark index retreated today, slipping below the psychological 12,000 level. The decline was across the board in volatile trading. In the final hour of trading, the Sensex fell sharply due to profit-takking. Tata Motors led the decliners, Cipla, Maruti and Grasim also fell. Satyam, TCS and Dr Reddy
Elena
19 Sep, 2006
New York City
U.S. stocks opened flat Tuesday after upbeat producer-prices data helped ease inflation fears, but another report showed a sharper-than-expected slowdown in home building, a day before the Fed Reserve announces its interest-rate decision. Tech stocks opened lower, though shares of Oracle Corp gained 1% ahead of releasing its Q2 results.
