Elena
15 Jan, 2007
New York City
Sensex reached higher on broad buying in large cap stocks. Steel, software, pharma and engineering stocks were in favor. The rally was sparked by a rise in Reliance Industries to record level. Tata Steel led the advancers today, together with Reliance Energy and HDFC Bank. The decliners on BSE were led by Hero Honda, Maruti, BHEL and ITC. SEBI announced today it is likely to permit short-selling of stocks as early as this year.
Ivaylo
15 Jan, 2007
New York City
Smiths Group rallied after it agreed to sell to General Electric for $4.8 billion in cash. Following the disposal, it proposes to return 2.1 billion pounds to shareholders. Other aerospace stocks advanced in sympathy, with BAE, Rolls-Royce and Cobham higher. Investors favored also oil companies as crude prices edged higher after recent losses. BP, Cairn Energy and Royal Dutch Shell all moved higher. By mid-afternoon, the FTSE 100 gained 26 points, or 0.42%, at 6,266.
Ivaylo
15 Jan, 2001
New York City
Asian markets finished higher on Monday, as banks led advancers in Japan on speculation that the Bank of Japan will hike interest rates, while Chinese financials helped the market to notch its biggest one-day increase in more than a year. In Hong Kong, the benchmark index rebounded, boosted by broad gains in the Chinese and Japanese stock markets and in South Korea, Samsung Electronics and Posco supported the rally of the market. Australia advanced slightly.
Ivaylo
15 Jan, 2007
New York City
European shares advanced in early trading on Monday, supported by strength in the commodity sector and by gains from Smiths Group after that company agreed to sell its aerospace operations to General Electric for $4.8 billion. The commodity sector gains came as some investors look to go back into the sector after recent oil price weakness. In early trade, FTSE 100 in London added 0.5%, Xetra Dax in Frankfurt gained 0.5% and the CAC 40 in Paris rose 0.4%.
Ivaylo
15 Jan, 2007
New York City
Gold futures climbed Friday to close at their loftiest level in seven sessions, ending the week more than 3% higher as traders scrambled to make their moves ahead of a three-day holiday weekend. A higher dollar and lower euro currency have been putting on pressure for quite a while, and that has lifted today, with the dollar correcting down. Platinum and palladium also advanced, together with silver futures.
123jump.com Staff
12 Jan, 2007
New York City
December retail sales rose 0.9% better than 0.7% forecast. Oil closed higher. Investors responded to the twin news and bid stocks higher in the afternoon. Funds continue to flow in tech stocks. IBM, Microsoft, Google and Yahoo advanced. Cisco filed trademark suite against Apple. Marathon Oil, AMD and German software maker SAP issued earnings warnings. AMD dropped 10%. India led emerging markets with a rise of 3% to a record close. BP CEO retires, stock up 5%.
Elena
12 Jan, 2007
New York City
European stocks closed in the positive, as gains in oil-dependent chemical and travel stocks managed to offset negative sentiment generated by weakness from software giant SAP and French retailer Carrefour. Tech shares were dragged down by 7.7% loss for SAP, while retailers showed weakness after French supermarket group Carrefour dropped 5.5%. The German DAX 30 closed higher by 0.3%, the French CAC 40 added 0.1%, and London FTSE 100 gained 0.1%.
Elena
12 Jan, 2007
New York City
U.S. stocks fluctuated in late morning trading Friday. Investors digested a pair of profit warnings in the technology sector and better-than-anticipated economic data which signal healthy economy that could make the Fed Reserve to hold interest rates. Although shares of chip maker Advanced Micro Devices plunged 12%, tech stocks traded in the positive. After touching a new 19-month low, oil stocks were pushed higher on speculations of production cuts by OPEC. ConocoPhillips rose 2.4%.
Elena
12 Jan, 2007
New York City
The market rose almost 700 points in two days, after it had plunged 500 points in five straight sessions. Positive industrial production data for November 2006, rising markets in Asia and New York and short covering in the derivatives segment helped the Sensex rally. Banks surged, and so did Reliance Industries. IT stocks extended gains from Thursday. Sugar stocks rebounded. ICICI Bank led the gainers on government relaxed guideline to issue industrial loans.
Elena
12 Jan, 2007
New York City
Wall Street opened Friday session little changed, as profit warnings from chip maker Advanced Micro Devices and business software provider SAP AG took a bite of the tech stocks strength that powered rally yesterday. Shares of AMD dropped 12.5% in early trading. Despite the unfavorable news, Dow components Microsoft and Hewlett-Packard traded 1% higher, while Google and Amazon gained 1% on the Nasdaq.
Ivaylo
12 Jan, 2007
New York City
London fell closer to 6,200 ahead of the US open with miners, oil issues and the real estate sector leading the decline. Music company EMI is the worst hit, following its profit warning. All the big mining stocks plunged as metal prices continued to weaken. Antofagasta, Xstrata and Anglo American led the decliners. Oil groups were under pressure again following the slide in crude oil prices. The FTSE 100 shed 17 points, or 0.26%, at 6,214 in mid-afternoon on Friday.
Elena
12 Jan, 2007
New York City
U.S. stock market futures declined on Friday as weakness in the tech sector offset a bigger-than-expected increase in December retail sales.
Techs moved lower after a profit warning from chip maker Advanced Micro Devices sent the stock 7.3% lower in pre-market trading. Dow component Intel lost 0.9%, while Apple slipped 1% on the Nasdaq. Disappointing sales data from software giant SAP AG also weighed on the sentiment.
Elena
12 Jan, 2007
New York City
According to information provided by the company, Q4 revenues would be about $1.37 billion, coming in below the average estimates of $1.85 billion. Earlier the company said that it expects Q4 microprocessor sales to grow in the range of 7%-13% sequentially or 42%-50% compared to last-year same period. The stock dropped 7.2% in pre-market trading.
Ivaylo
12 Jan, 2007
New York City
Stocks across the Asia ended higher Friday, as a record close on US markets helped lift shares in Japan, South Korea and Hong Kong. Japanese stocks advanced, aided by another record close on US markets and the rise of the dollar, which supported the key export sector of the nation. In Hong Kong, a rebound in China-related firms pushed shares higher. South Korean shares extended gains, boosted by Samsung Electronics and Posco. In China, however, the market plunged as investors sold large-caps.
Ivaylo
12 Jan, 2007
New York City
European stocks lost grounf on Friday on weakness in the software and food retailing sectors, in the wake of disappointing results from SAP and Carrefour, impacting sentiment negatively. Other tech stocks were also hit. The declines also came as the U.S. embassy in Athens came under fire early Friday morning from a rocket attack. The U.K. FTSE 100 index lost 0.2%, Germany Xetra Dax slipped 0.1 %, while in France the CAC 40 was essentially flat.
