Ivaylo
20 Dec, 2006
New York City
Apart from autos, European shares recovered on Wednesday, on the heels of a rebound in commodity-dependent stocks, deal news from Ericsson and Arcelor-Mittal and another record in the U.S. markets overnight. Also, Ericsson of Sweden announced that it has agreed to acquire Redback Networks. By mid morning, the FTSE 100 in London climbed 0.4%, Frankfurt Xetra Dax added 0.7%, while the CAC 40 in Paris advanced 0.6%.
Ivaylo
20 Dec, 2006
New York City
Gold and silver futures ended higher on Tuesday after receiving support from a weaker dollar and a swing in the crude oil market off its lows. The dollar gained strength after the report on producer prices and housing data but later traded lower against the euro, aiding a continued strength throughout precious metals. Core PPI jumped 1.3%, the highest rate since 1980, while home construction went up more than expected in November.
123jump.com Staff
19 Dec, 2001
New York City
Producer Price Index for the month of November rose 2%, the most since 1974, on volatile energy price jump of 6.1%, food price rise of 0.1% and auto price gain of 2%. Stock fell at the opening and Nasdaq losr 1% in the first hour of trading. Housing start in the month rose to 1.58 million, a 6.7% jump from October. Morgan Stanly is considering to spin-off Discover Card. Circuit city stock fell on unexpected quarterly loss. Emerging markets around the world dropped more than 1%.
Elena
19 Dec, 2006
New York City
European stocks closed in the red Tuesday, dragged down by weaker tech companies and resource stocks. German software group SAP declined 1% after peer Oracle posted lower-than-expected sales of new software licenses. Miner companies like Rio Tinto and BHP Billiton posted losses. German steelmaker Salzgitter dropped 3.8% on downgrade. The German DAX 30 and London FTSE 100 dropped 0.7% each, while the French CAC 40 slipped 0.8%.
Elena
19 Dec, 2006
New York City
Stocks traded in the negative, as economic data and disappointing earnings news raised concerns about the strength of the domestic economy. Inflation at the wholesale level showed its biggest jump in more than 30 years in November, pushed higher by gas prices. Overseas news also weighed on sentiment, as the stock market in Thailand plunged 15% after the Thai government announced controls on foreign investment.
Elena
19 Dec, 2006
New York City
The market sank today, coming under heavy selling pressure in the wake of Thai Central Bank to restrict foreign inflows which influenced emerging markets negatively. All sectors finished lower with IT and capital goods hit the worst. Hero Honda was the only Sensex stock to gain while BHEL was the leading decliner. NTPC and Reliance Communication also plunged. Sugar stocks were among the few to hold to their gains.
Elena
19 Dec, 2006
New York City
U.S. stocks opened lower on Tuesday after government data showed the sharpest rise in producer prices in 32 years last month, sparkling inflation and higher interest rates concerns. Oracle Corp. fell 4.6% after the software maker posted disappointing sales results. Circuit City Stores said it swung to a loss in Q3 because of sharp discounts on flat-panel televisions and computer equipment. The company also lowered its full-year sales forecas. The stock slipped 17%.
Ivaylo
19 Dec, 2006
New York City
Britvic shares shone in a weak London market on Tuesday as anticipation of a bid received a boost by reports that Permira had bought a 9.2% stake in the soft drinks company. Permira is reported to have bought the stake from Axa Investment Managers. Also, miners came under heavy selling pressure as investors took to profit-taking. Other underperformers included Vodafone, Hanson. The FTSE 100 declined 28.6 points, or 0.5%, in late morning trade.
Ivaylo
19 Dec, 2006
New York City
Markets closed lower on Tuesday as Thai shares slumped more than 14% after the central bank of the country announced rules to discourage foreign funds inflows from boosting the local currency, the baht, any further. Tokyo stocks also closed sharply lower on financials while HK dipped on selling pressure. Resource stocks were mostly lower, pacing declines in crude-oil prices.
Ivaylo
19 Dec, 2006
New York City
European markets traded lower in early session on Tuesday, as technology companies such as SAP and resource shares are among the leading decliners on investors weighing some overnight profit-taking in the U.S. with corporate news. The broad-based drops paced profit-taking-related losses in U.S. stock markets overnight, especially in the technology sector. The U.K. FTSE 100 index declined 0.4%, the German DAX Xetra 30 index dipped 0.5% and he French CAC-40 index lost 0.6%.
Ivaylo
19 Dec, 2006
New York City
Silver registered its weakest finishing level in seven weeks. The market is still at most risk to extend long liquidation as the dollar sentiment improved and fund players positioned long ahead of year-end, and the market set to weaken over the next two weeks over the Christmas/New Year holiday period. Gold seems to be incredibly oversold on the fascination of market with exchanging paper assets.
123jump.com Staff
18 Dec, 2006
New York City
Mergers worth $70 billion ruled the trading sentiment today. Stat Oil agreed to purchase off-shore exploration unit of Norsk Hydro forming the fourth largest energy company in Europe. Caremark surged 10% after getting a higher bid from Express Script. Realogy rose 20%, owner of Century 21 and Coldwell Bankers, jumped on a bid from Apollo Management. Harrahs gained on a higher offer of $16.7 billion. Joy Global reported 60 cents per share, stock up 8%. Goolge dropped on valuation worries.
Elena
18 Dec, 2006
New York City
European stocks finished largely in the negative on Monday, despite gains from the energy sector on the back of a big merger deal in which Norwegian Statoil agreed to buy the oil and natural-gas division of Norsk Hydro. Regional markets declined amid weakness in the mining sector and heavy losses for British companies BT Group and Tate & Lyle Plc. The German DAX 30 added 0.1%, while the French CAC-40 index eased 0.2%, and London FTSE 100 index also closed down 0.2%.
Elena
18 Dec, 2006
New York City
U.S. stocks shot higher Monday as several multibillion-dollar merger deals and an upgrade of Citigroup provided a boost for an ongoing year-end rally. However, a decline in crude oil prices weighed on energy shares, limiting gains for the broader market. Citigroup rose 2.1% after Merrill Lynch upgraded the stock to a buy from a neutral, citing the stock''s attractive valuation.
Elena
18 Dec, 2006
New York City
A surge in Reliance Industries and strong performance by ONGC helped the benchmark index to end in positive territory for the fourth straight day. Trading was extremely volatile with a broad market-breadth as small and mid-cap stocks enjoying buying interest. ONGC was the leading advancer with Ranbaxy and Wipro following closely. BHEL led the decliners together with NTPC and Reliance Energy. Cairn India IPO at low end of the range. RBI issued new guidelines to banks for capital ratios.
