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.
Elena
29 Dec, 2006
New York City
U.S. stock market futures traded near the unchanged mark, as an advance by Apple Computer offset worries about an end-of-year sell-off. Trading volume was expected to be light on Friday. Apple jumped 4% to $84.15 before market opening as the company said in a regulatory filing that CEO Jobs was aware of certain favorable stock options grant dates, but did not personally benefit from improper option grants.
Elena
29 Dec, 2006
New York City
However, it did find that CEO Steve Jobs was aware or recommended the selection of some favorable grant dates but he didn
Ivaylo
29 Dec, 2006
New York City
Asian markets finished the year on a positive note on Friday, as Japan closed higher in a shortened trading session and Australia reached a record high with traders buying large-caps. Toyota Motor Corp., Canon Inc. and other exporters helped the benchmark index after the yen retreated against the dollar. Hong Kong bucked the uptrend, ending lower on profit-booking in Chinese banks and index large-caps.
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.
