Ivaylo
29 Dec, 2001
New York City
European stock traders were wary of taking up new positions on Friday, on the last trading day of the year, as trade was uneven with very thin volumes. Banking shares were in demand after ABN Amro said it was laying off workers and as Credit Agricole announced it was going to issue cheaper shares to help fund the acquisition of bank branches in Italy. By mid morning, London
Ivaylo
29 Dec, 2001
New York City
Gold and silver settled higher on Thursday for a fourth session in a row, aided by a mixture of lower dollar and higher oil prices in the wake of economic data showing a larger-than-anticipated depletion in crude supplies in the latest week. Entering into 2007, the expectations are of rising volatility and uncertainty, enough to cause concern for gold and silver to become safe haven assets in their own right.
123jump.com Staff
28 Dec, 2001
New York City
Market trading was affected by the weekly oil report and existing home sales. Last week inventory of oil declined by 8 million barrels and that of gasoline rose by 3 million barrels. The inventory level for the crude oil are runnig about 7% higher of three year average. Gasoline supply is tight even after fifteen months since Hurricane Katrina. Gasoline invenotry are high but refineries are operating under tight conditions. Existing home sales rose in November by 0.6%.
Elena
28 Dec, 2006
New York City
European stocks ended flat on Thursday, reflecting an increase in the price of oil which countered positive data on U.S. economic growth. The German DAX 30 closed unchanged at 6,611.81, reversing from a five-year high reached earlier in the session. Among other regional markets, the French CAC 40 and London FTSE 100 lost 0.1% each.
Elena
28 Dec, 2006
New York City
U.S. stocks failed to continue the recent rally and kept trading in the negative, despite stronger-than-anticipated economic reports. On the one hand, the upbeat data provided support to the equities, but on the other, stoked concerns about faster-than-expected economic growth that could lead the Fed to stay on hold on rates in 2007.
Elena
28 Dec, 2006
New York City
The market opened firm but succumbed to high volatility in the afternoon trading. Auto, metal and oil and gas stocks gained with Hero Honda, HDFC Bank and ITC leading the way. Telecoms were in focus over bid speculation for Hutch Essar. Banks kept their winning streak on hopes of improving profitability after several lending rates hikes. The market fall at the end of the trade was mainly on expiry of year-end derivatives. Cipla, SBI, Dr Reddy led the decliners.
Elena
28 Dec, 2006
New York City
Stocks opened little changed on cautiousness ahead of key economic data but pared losses following the release of stronger-than expected reports. December consumer confidence rose to 109.0 from an upwardly revised 105.3 in November, despite expectations of a decline to 102.0. November existing home sales rose 0.6% to a seasonally annual rate of 6.28 million units from an unrevised 6.24 million unit rate in October. Economists had expected a decrease to a 6.15 million unit rate.
Ivaylo
28 Dec, 2006
New York City
Vodafone dipped on reports that it may have to compete for bid target Hutchison-Essar, the Indian mobile phone operator. HSBC Holdings followed an advance in financial companies and in metal stocks, BHP Billiton and Anglo American Plc, increased as prices rose. Imperial Chemicals Industries Plc, the U.K.''s largest specialty chemical maker, also climbed on takeover speculation. The benchmark FTSE 100 Index lost 9.7, or 0.2%, to 6,235.50 in early trade.
Elena
28 Dec, 2006
New York City
Following two days of solid post-Christmas gains, U.S. stock market looked poised for lower opening Thursday. Stock futures pointed to the downside, with profit taking expected as well as volatile trading session for Apple Computer on concerns over its stock-option granting practices.
Elena
28 Dec, 2006
New York City
A new company, called BWI Informationstechnik GmbH, is being set up for the project. IBM and Siemens together will hold 50.1% of it, while the German federal government will hold the remaining 49.9%. The project is designed to bring data centers, software and applications, PCs, telephones and voice and data networks up to the latest standard.
Ivaylo
28 Dec, 2006
New York City
Asian shares kept their winning streak Thursday pacing gains on US markets, as Japan moved slightly higher and Hong Kong finished at another record high. In Tokyo, traders took profits after a five-week rally in the leading index and before a holiday-shortened trading session ahead of New Year celebrations. In Australia, New Zealand, Singapore, and Indonesia, indexes closed at records.
Ivaylo
28 Dec, 2006
New York City
Earlier, European markets edged higher with investors capitalizing on the year-end optimism coming out of US markets and also responding to an optimistic comment from a top executive at software giant SAP. However, a poor performance from oil stocks erased the gains, leaving stocks nearly flat. By mid morning, the FTSE 100 in London was flat, Frankfurt Xetra Dax edged slightly higher and the CAC 40 in Paris was down 0.1%.
Ivaylo
28 Dec, 2006
New York City
Rumors of the possibility of U.S. interest rate reductions next year led to selling of the dollar and to a profit in the gold market. Gold is believed to remain within the wide $618-$630 range in the short term as volatility is likely to continue due to the thin holiday market conditions. Silver will remain volatile within a wide $12.29-$13 an ounce range for the short-term. While gold and silver advanced, platinum and palladium declined in light trading.
123jump.com Staff
27 Dec, 2006
New York City
New home sales rose at 3.4% in November to an annual rate of 1.05 million rate. Traders tooks the news as a sign that percieved weakness in the housing market may not be as deep as anticipated. Crude oil fell 1.4% close to $60 per barrel and natural gas traded lower below $6 per mBtu. Ford was in focus on the news that newly appointed CEO met Toyota executives in Tokyo. Guess rose 9% and Master Card gained 5%.
Elena
27 Dec, 2006
New York City
European stocks closed sharply higher on Wednesday, boosted by weaker oil prices and speculation over possible consolidation in the automotive sector. Lower oil prices along with confirmation that top Toyota and Ford executives met in recent days lifted auto shares such as DaimlerChrysler and Renault. The German DAX 30 climbed 1.6%, followed by the French CAC 40, also up 1.6%. London FTSE 100 rose 0.9%.
