Elena
04 Jan, 2007
New York City
Retail companies will be in the spotlight on Thursday, due to the release of December same-store sales. Rainstorms and warmer winter weather are expected to have negatively influenced retailers
Ivaylo
04 Jan, 2001
New York City
Asian markets ended mostly lower Thursday, with Japan and China advancing contrary to the general downtrend. In Japan, stocks opened 2007 by hitting an eight-month high in a shortened session on gains in automakers. In China, airlines and resource shares reported strong gains but in Hong Kong the stock market was pushed lower by Chinese financials. A slump in commodity prices and a reversal of strength on the US market pushed the market in Australia down sharply.
Ivaylo
04 Jan, 2007
New York City
European equity markets retreated from six-year highs on Thursday as resource stocks fell after sharp declines for oil and metals prices on commodity exchanges. In New York overnight stocks gave up much of their early gains as markets struggled against falling commodity prices. Resource stocks were hit by falling commodities. London-listed miners fell after copper prices tumbled. By mid-morning, the U.K. FTSE 100 shed 0.8% as did Frankfurt Xetra DAX. CAC 40 in France declined 1%.
Ivaylo
04 Jan, 2007
New York City
Gold prices declined on Wednesday, suggesting a fall in the February contract from its strongest intraday level in a month to a end at its lowest level in more than a week as a stronger U.S. dollar reduced demand for the precious metal. March silver contract also dropped from an almost three-week high as well as copper futures which slipped to their weakest level since April.
Elena
03 Jan, 2007
New York City
U.S. stock averages closed mixed Wednesday, reversing from substantial gains made earlier in the session. Market turned to a heavy sell-off after minutes from the last Federal Reserve policy setting meeting indicated growing concerns over economic growth, with the pullback in the housing sector in particular. Dow ended up 11, Nasdaq gained nearly 8, while S&P 500 fell almost 2 points.
Elena
03 Jan, 2007
New York City
Stock market averages continued to rally in early afternoon trading Wednesday, driven by stronger-than-expected manufacturing data, a notable decline by the oil price and gains for leading retailer companies. Both Wal-Mart and Home Depot rose above 3%, pushing the Dow Jones to a new trading high. General Motors was one of the very few losers on the Dow, falling 2.5% after Banc of America downgraded the stock to sell from neutral.
Elena
03 Jan, 2007
New York City
European stocks closed little changed on Wednesday. Markets hovered near six-year highs, reflecting robust opening on Wall Street and better-than-expected U.S. factory data. Steelmakers, including ThyssenKrupp and Mittal Steel, showed weakness as Credit Suisse downgraded the steel sector. Mining stocks like Xstrata and Antofagasta also came under pressure, dragged by a steep decline in copper prices. The German DAX 30 and London FTSE 100 added 0.1% each, while the French CAC 40 lost 0.1%.
Elena
03 Jan, 2007
New York City
U.S. stocks rallied in the first session of 2007 on optimism about the economy, following a stronger-than-expected report on December manufacturing from the Institute for Supply Management. The index came in at 51.4%, stronger than the expected reading of 50%. The Dow surged with shares of Wal-Mart and Home Depot leading gainers. Wal-Mart rose 3.5% after December same-store sales rose more than expected. Home Depot advanced 3.4% after the resignation of its chairman.
Elena
03 Jan, 2007
New York City
The market advanced in a volatile session as pharma and IT stocks staged a strong recovery in afternoon trade, after a weak morning trading. IT stocks surged on the back of the expected robust Q3 results. Bajaj Auto was the top gainer, supported by strong sales results in December. Ranbaxy also gained, continuing its upward trend this year. Hindustan Lever, ACC and Tata Steel led the decliners. India hopes to strike a deal to buy 2.5 million tons a year of liquefied natural gas from Australia.
Ivaylo
03 Jan, 2007
New York City
Euopean shares traded near flat levels as stocks opened for trading in new York. European stocks trades mildly higher on 2% rise in French auto maker Peugeot. Mining and bank stocks in London trading closed lower on profit taking and drop in copper and oil prices. Anglo American, BHP and Rio Tinto declined. CSR fell 2.3% on the accuse of patent violation. Britvic, second largest soft drink maker and retailer DSG International rose.
Ivaylo
03 Jan, 2007
New York City
Miners were very weak in trade today with Xstrata and Vedanta Resources down but were countered by strong financials after positive broker comment from UBS which stated that it saw further upside for the sector. Tobacco stocks rebounded after being hit on Tuesday by news that the government may reconsider legal smoking age. The FTSE 100 was trading 5 points, 0.1%, higher at 6,315.9 by mid-day.
123jump.com Staff
03 Jan, 2007
New York City
Major indexes opened higher on the first day in trading led by a rise in retail, tech and Internet stocks. Las Vegas Sands, Research in Motion and Google are up by 1.3%. Wal-Mart reported that December same store sales rose 1.6%. Home Depot said that Bob Nardelli and the company has mutually agreed to terminate his position as CEO for a severance pay of $210 million. Asian markets close higher, led by a rise in India. Thailand plunges.
Ivaylo
03 Jan, 2007
New York City
Shares indexes in Hong Kong and Singapore closed at record highs on Wednesday as investors added to positions in the hope that bull market in 2006 will run into 2007. However, Thailand benchmark index plunged as trading resumed for the first time since Bangkok was rocked by a series of bombs on New Year''s Eve. Japanese stock exchanges remained closed for national holidays. In South Korea, IT and construction stocks led the decline.
Ivaylo
03 Jan, 2007
New York City
European stock markets rebounded from early weakness on Wednesday, although the advance was marginal as profits were taken following the strong rally of the previous session. Xetra Dax index in Frankfurt bounced back from early losses to edge higher after German unemployment rate reached its biggest decline since reunification. By mid morning, FTSE 100 in London edged 0.1% lower, Frankfurt Xetra Dax advanced 0.1% higher, while the CAC 40 in Paris moved fractionally higher.
Ivaylo
03 Jan, 2007
New York City
Gold futures kept their winning streak in electronic trading Tuesday, with a weaker U.S. dollar aiding the precious metal to start the New Year on firm footing. Trading was done on the Chicago Mercantile Exchange as the New York Mercantile Exchange was closed to observe a day of mourning for former president Gerald Ford. Volume on the CME Globex electronic trading platform rose 31% in 2006, with total volume of 956 million contracts.
