Ivaylo
01 Feb, 2007
New York City
Asian stocks ended higher on Thursday as sentiment was upbeat on the U.S. Federal Reserve decision to keep interest rates on hold. In Japan, stocks bounced, with the benchmark index closing at a new nine-month high as investors bought in major Japanese companies whichhad revised their earnings forecasts upwards. HK was also boosted by the stronger-than-expected U.S. growth. The stock market in South Korea advanced too, while earnings reports boosted Australia.
Ivaylo
01 Feb, 2007
New York City
Financial, energy and drugs sectors led gainers on European markets after the strong close on US stocks overnight following the Federal Reserve decision to leave US interest rates unchanged. In Europe, financial stocks were in focus with results from Deutsche Bank and French insurer Axa. By mid morning, the FTSE 100 in London climbed 1.1%, Frankfurt Xetra Dax added 0.9%, and the CAC 40 in Paris gained 1.1%.
Ivaylo
01 Feb, 2007
New York City
The euro, gold and silver all began advancing even ahead of the Chicago PMI, but hit their strongest levels after the report. The Chicago PMI fell to 48.8 in January from 51.6 the month before, when analysts had been expecting a reading around 52. Another report released around the same time showed that U.S. construction spending fell 0.4% in December, when unchanged had been forecast.
123jump.com Staff
31 Jan, 2007
New York City
Market closed with a sharp gain in averages on Fed decision to leave rates unchanged. Fed comments suggested that the economy is healthy and outlook on core inflation is improving. Fed suggested that housing market appears to be stabilizing. Google rose before the earnings news but fell close to 4% after the report. Jones Lang LaSalle rose 6% and Navteq, Expeditors Intl and CSX gained 4%. Dell returns at his company to repalce the current CEO. Starbucks earnings up 18%. Oil closed above $58.
Elena
31 Jan, 2007
New York City
European stocks finished lower on Wednesday, reflecting cautiousness ahead of a U.S. interest rate decision, weakness in the technology sector and losses for car makers after a jump in oil prices. Chipmaker Infineon Technologies shed 1.8%, STMicroelectronics dipped 0.8%. Shares in Peugeot fell 2.4% and DaimlerChrysler AG slipped 1.7%. The U.K. FTSE 100 fell 0.6%, the French CAC 40 declined 0.7%, while the German DAX 30 ended flat at 6,789.11.
Elena
31 Jan, 2007
New York City
Altria will distribute the 89% of the company it owns to its shareholders on March 30. Each Altria shareholder will get 0.7% of a share of Kraft for each share of Altria they own as of March 16, and they will receive cash in lieu of fractional shares for amounts of less than one Kraft share with an exact distribution ratio to be determined later. Kraft Foods slipped 1.7%.
Elena
31 Jan, 2007
New York City
The three major market averages were mixed in early trading hours, awaiting the Fed Reserve
Elena
31 Jan, 2007
New York City
U.S. stocks opened mixed on Wednesday, with blue-chip stocks led higher by Boeing Co. The aerospace giant rose 4.5% after it said Q4 profit doubled on 26% revenue increase and boosted its outlook. SanDisk weighed on the Nasdaq with a decline of 9%, as it swung to a Q4 loss from a year ago, hurt by acquisition-related charges. The company reported a net loss of 17 cents a share, compared with net income of 68 cents last year. It said sales surged 55%, but released a soft sales forecast.
Ivaylo
31 Jan, 2001
New York City
The market in UK declined on Wednesday in spite of the takeover battle for Corus which ended on a positive note for the shareholders in the Anglo-Dutch steelmaker. However weakness in financial stocks dragged the benchmark index lower as F&C Asset Management gave a warning that it would reconsider its dividend on a sharp decline in assets. The FTSE 100 was trading lower 23.3 points at 6,218.7 by mid-day on Wednesday.
Elena
31 Jan, 2007
New York City
U.S. stock futures moved to the downside, but data showing faster-than-expected drowth of U.S. economy in Q4 helped to limit losses. The Department of Commerce said that GDP grew at an annual rate of 3.5% in Q4 compared to the 2% rate of growth that was seen in Q3, faster than the 3% growth, anticipated by economists. Investors were also awaiting the Fed''s decision on interest rates and the statement on the interest rate outlook. Economists expect rates to stay at 5.25%.
Ivaylo
31 Jan, 2001
New York City
The market started on a positive note Wednesday, supported by S&P decision to upgrade India sovereign rating to investment but then dived ahead of RBI review of its credit policy. Despite winning the bid for Corus, Tata Steel pulled the market lower in afternoon trade as investors considered it has overvalued Corus in its offer. Tata led the decliners, while Gujarat Ambuja led the gainers. The Reserve Bank of India hiked its short-term lending rate in an effort to curb inflation.
Elena
31 Jan, 2007
New York City
The media giant earned $1.75 billion, or 44 cents a share, up from $1.3 billion, or 28 cents, earned in the same period a year ago. Quarterly revenue rose to $12.47 billion from $11.52 billion last year, reflecting gains in its cable-television and networks divisions. Time Warner
Ivaylo
31 Jan, 2007
New York City
Asian markets finished lower on Wednesday dragged lower by Chinese benchmark index, which declined 4.9. Pprofit-taking pushed markets lower across the region. In Japan, investors were worried about the prospects for a sustainable turnaround in the earnings of Sony. Shares closed lower in South Korea, pulled down by Korea Electric Power and Hynix, while profit-taking in China Mobile led HK lower. Profit-booking was also the reason of the decline in Australian market.
Ivaylo
31 Jan, 2007
New York City
Tata Steel won the battle for Corus and that news buoyed the metal sector, but European markets remained flat on Wednesday as Commerzbank sank and weighed on the stocks. Banco diPopolare di Verona e Novara advanced on upgrade. Novo Nodisk, the Danish pharmaceutical company, bucked the downward trend in pharma stocks and advanced. By mid morning, the FTSE 100 in London lost 0.1%, Frankfurt Xetra Dax shed 0.3% to and the CAC 40 in Paris slid 0.4%.
Ivaylo
31 Jan, 2007
New York City
Gold edged higher on Tuesday, trading within a narrow range as investors remained on the sidelines as the Federal Reserve met to discuss interest rates. The FOMC is widely expected to hold the fed funds rate steady at 5.25%, as it has at each of its past four meetings since August. February gold rose as high as $646, but failed to hold that level as many traders held back ahead of the Fed decision. Copper prices advanced after gaining support from a decrease in copper stockpiles.
