Ivaylo
03 Jan, 2007
New York City
Miners were very weak in trade today with Xstrata and Vedanta Resources down but were countered by strong financials after positive broker comment from UBS which stated that it saw further upside for the sector. Tobacco stocks rebounded after being hit on Tuesday by news that the government may reconsider legal smoking age. The FTSE 100 was trading 5 points, 0.1%, higher at 6,315.9 by mid-day.
123jump.com Staff
03 Jan, 2007
New York City
Major indexes opened higher on the first day in trading led by a rise in retail, tech and Internet stocks. Las Vegas Sands, Research in Motion and Google are up by 1.3%. Wal-Mart reported that December same store sales rose 1.6%. Home Depot said that Bob Nardelli and the company has mutually agreed to terminate his position as CEO for a severance pay of $210 million. Asian markets close higher, led by a rise in India. Thailand plunges.
Ivaylo
03 Jan, 2007
New York City
Shares indexes in Hong Kong and Singapore closed at record highs on Wednesday as investors added to positions in the hope that bull market in 2006 will run into 2007. However, Thailand benchmark index plunged as trading resumed for the first time since Bangkok was rocked by a series of bombs on New Year''s Eve. Japanese stock exchanges remained closed for national holidays. In South Korea, IT and construction stocks led the decline.
Ivaylo
03 Jan, 2007
New York City
European stock markets rebounded from early weakness on Wednesday, although the advance was marginal as profits were taken following the strong rally of the previous session. Xetra Dax index in Frankfurt bounced back from early losses to edge higher after German unemployment rate reached its biggest decline since reunification. By mid morning, FTSE 100 in London edged 0.1% lower, Frankfurt Xetra Dax advanced 0.1% higher, while the CAC 40 in Paris moved fractionally higher.
Ivaylo
03 Jan, 2007
New York City
Gold futures kept their winning streak in electronic trading Tuesday, with a weaker U.S. dollar aiding the precious metal to start the New Year on firm footing. Trading was done on the Chicago Mercantile Exchange as the New York Mercantile Exchange was closed to observe a day of mourning for former president Gerald Ford. Volume on the CME Globex electronic trading platform rose 31% in 2006, with total volume of 956 million contracts.
Elena
02 Jan, 2007
New York City
European shares closed the first trading session of 2007 sharply higher, hitting six-year highs on hopes for more mergers and rising valuations. The utility sector was in the spotlight, with the world''s second largest water utility Suez rising 1.7%. The German DAX 30 rose 1.3%. The French CAC 40 climbed 1.4%, with Mittal Steel, Lafarge, and Alcatel-Lucent in the lead. London FTSE 100 soared 1.5%, led by metals and banking stocks.
Elena
02 Jan, 2007
New York City
The benchmark index surged more than 150 points on the first trading day of the year 2007 in a broad-based rally. All sector indices closed up, with auto, IT and telecom stocks leading the broad rally. Satyam was the best performing stock on the BSE with Maruti, Bajaj Auto and Tata Motors also gaining. Nagarjuna Construction advanced after the company had secured new orders. Tata Steel and Dr Reddy led the decliners. ICICI Bank announced it has raised interest rates on deposits.
Ivaylo
02 Jan, 2007
New York City
The FTSE 100 reached its highest level in five year and a half as investors returned for the first session of the New Year on Tuesday, expecting further merger and acquisition activity in the wake of the record levels in last year. British Airways staged a strong performance, aided by takeover talk. Gains in the index were also boosted by the strong finish in Asia and strong performance in utilities and mining stocks. The main index, the FSTE 100, climbed 65 points, 1.1%.
Ivaylo
02 Jan, 2001
New York City
In Hong Kong, mobile operator China Mobile led the benchmark index to a record high on the first trading day of the year. Chinese banks and insurance stocks kept climbing on a rally in the local market. South Korean stocks advanced slightly on gains from technology stocks which were however almost canceled out by losses in bank shares. In Australia, the stock market ended nearly flat after late profit taking.
Ivaylo
02 Jan, 2007
New York City
European stocks advanced to a six-year high in the first day of trading this year on utility stocks, lifted by bid talk about a takeover offer on Suez. Spanish building and construction companies benefited through their stakebuilding last year in the energy and utility sectors. By mid morning, FTSE 100 in London climbed 1%, Frankfurt Xetra Dax gained 1% and the CAC 40 in Paris added 1.3%.
Ivaylo
02 Jan, 2007
New York City
Trading activity slowed considerably in the final hours of 2006, as investors took stock of another exciting year in precious metals. With no major U.S. economic data, the currency market remained range-bound, giving fewer cues to the metals trade. Copper futures displayed persistent weakness again Friday, with liquidation and continuing stock builds sending prices to their lowest level since June.
123jump.com Staff
29 Dec, 2006
New York City
Markets around the world rose on higher prices of commodity, metals and oil during the year 2006. Profits of companies rose at the fastest pace in Asia and Western European nations. Peruvian and Chilean stock markets beenefited from rising metal prices and Brazil gained on higher exports. Mexico, Venezuela and Russia rose on higher oil price. India rose for the fourth year and China registered gain of more than 100%. Gold advanced 23%, crude oil closed flat and natural gas fell 44% in the year.
123jump.com Staff
29 Dec, 2006
New York City
Peru and Venezuela led the world markets for the year. Asian markets closed higher across the region. Economic expansion in the Asian region is likely to sustain market rise, however at a slower pace, in the yer 2007. Middle Eastern markets take a tumble and sell off between 20% and 53%. Apple rebounds 5% on the news that the company investigation cleared the CEO from stock option investigation. Chrysler agrees with Chinese company to build small car in China and sell worldwide.
Elena
29 Dec, 2006
New York City
The Indian benchmark index has gained 47% over the year, one of the best performing emerging markets in the world. Of the 3,000 daily traded stocks only 25% managed to beat the rise in Sensex and 50% of the companies lost value in the year. Auto sector index rose 31%, banks gained 42% and cement sector rose more than 70% for the year. For the day, stocks ended lower.
Ivaylo
29 Dec, 2006
New York City
Volumes traded on the market were expectedly low as investors took profits from some of the gains posted this week. Utilities declined with Scottish & Southern Energy leading the way. Financials such as Northern Rock and Royal & Sun Alliance were also lower, while property groups Persimmon, Land Securities and Hammerson advanced. The benchmark FTSE 100 Index in London lost 20.1, or 0.3%, to 6220.80.
