Ivaylo
23 Aug, 2006
New York City
Asian stocks were lower Wednesday, while Japanese technology company such as Canon Inc. advanced on anticipation of an earnings revision. South Korea and Taiwan led the decliners, while Tokyo benchmark index dipped as investors are gearing up for key earnings releases. Hong Kong also fell. Australian index was the only one to buck the downtrend.
Ivaylo
23 Aug, 2006
Frankfurt
As interest rate worries resurfaced and oil prices held at around $73 a barrel, Europe was further held back by metals and defense stocks. A lack of surprises in the earnings report from metals company BHP Billiton and a spending plan at defense group EADS put mild pressure on U.K. and Paris bourses. By mid morning, London
Ivaylo
23 Aug, 2006
Metals
A technical kind of trading and a firmer dollar pulled gold lower on Tuesday. Profit-taking weighed down on high-grade copper futures, although the market was able to rebound from its weakest levels as a strike continues against Escondida mine. Silver was also down, as well as platinum and palladium.
123jump.com Staff
22 Aug, 2006
New York City
Market averages opened higher and stay in the plus column till mid-day trading. Chicago Fed President talked of the need of higher inflation and Atlanta Fed President talked of careful balance between inflation and growth. Market averages declined and never recovered for the rest of the day. Toll Bros reported 19% lower earnings and lowered annual earnings. European and Asian markets closed higher. Oil fell 30 cents and gold lost $1.20. A terrorist suspect shot dead by police in Mumbai, India.
123jump.com Staff
22 Aug, 2006
New York City
Market averages in the afternoon traded near unchanged level. The volatile indexes traded up and dow as market neared last hour trading. Trading volume on both exchanges appear to be running 40% ahead of yesterday trading. Oil stayed near $72 a barrel and gold lost $4. European markets closed fractionally higher and Asian markets closed higher.
123jump.com Staff
22 Aug, 2006
Frankfurt
European markets closed higher led by a fractional rise in Germany, France and Switzerland. U.K. and norway had fractional losses. Insurance and auto maker stocks declined after German economic research institute reported growing pessimism for the economic expansion in the year 2007. The German and Italian taxes are expected to rise in the year. Swiss tor operator Kuoni reported better than expected first half result.
123jump.com Staff
22 Aug, 2006
Frankfurt
Market averages in Europe closed mostly higher, despite widening belief that European economy will slow down in the next year. European nations have been struggling with stagnant growth for the last five years and already economic growth expectations are scaled back for the next year. German VAT is expected to rise to 19% from 16% next year. Industrial orders in Euro zone fell by 2.5% in June.
123jump.com Staff
22 Aug, 2006
New York City
Market averages retained positive bias at mid-day trading. Dow up 17 points, Nasdaq up 10 points and S&P 500 up 4 points. Former star banker Frank Quattrone settles with the governmet allowing the case to be dismissed without third trial. Toll Bros. reported earnings decline of 19%. European markets closed fractionally higher led by France and Germany.
123jump.com Staff
22 Aug, 2006
Mumbai
BSE Index of 30 stocks fell at close. In the morning trading market averages rose in line with other Asian markets but failed to make a headway in the final hour of trading. Volatilite trading in the last hour led blue-chips to decline, leading to an overall negative market-breadth. Refinery stocks, as well as auto shares, plunged, weighed down by the rising oil prices. Pharma stocks, select information technoligy, cement and exporters also lost. Indian rupees falls to 44.49 to a dollar.
123jump.com Staff
22 Aug, 2006
New York City
Market averages pointed in the positive column in the first fifteen minutes of trading. Toll Bros. reported 19% lower earnings but managed to beat lowered guidance two weeks ago. Gold fell $4 in the early trading. Oil market is cautiously nervous as traders await official response from Iran.
123jump.com Staff
22 Aug, 2006
New York City
Market averages are expected to open lower. Toll Brothers reported third quarter earnings per share of $1.07 vs. $1.27 on revenue decline of 1%. The company also reduced the number of lots it controls by 10% and lowered its earnings guidance for the year. Oil prices in European trading were near unchaged as traders awaited formal response from Iran.
Ivaylo
22 Aug, 2006
New York City
All major indexes gained on Tuesday, boosted by Japanese markets where blue-chip companies, Nikon and Honda managed to bounce back from losses in the previous session. Energy stocks also drew attention in the region, as crude-oil prices hovered above the $72-a-barrel level, rekindling hopes the sector was set for another upbeat earnings session in coming quarters.
Ivaylo
22 Aug, 2006
Frankfurt
A better-than-expected profit at U.K. house builder Persimmon helped the market too, along with the recovery of Asian bourses and steadier oil prices. The gains were mild however due to thin trading conditions. The U.K. FTSE 100 gained 0.2%, the German DAX 30 index edged up 0.3% and the French CAC 40 index advanced 0.4%.
Ivaylo
22 Aug, 2006
Metals
Union criticism of an improved contract offer at the world largest privately owned copper mine, shut down now by a strike, kept high-grade copper futures on the rise in New York on Monday. Gold advanced due to losses in the dollar, a rising crude-oil market and tensions surrounding uranium enrichment program of Iran.
123jump.com Staff
21 Aug, 2006
New York City
Rising oil prices, profit warning from Lowes and profit taking sentiment drove major averages lower at close. Lowes reported 60 cents earnings vs. 52 cents a year ago but lowered forecast for the year. Pilgrim Pride launched unsolicited offer at $1 billion for Gold Kist. Gold gained $13 and oil rose $1.20 on refusal from Iran to stop uranium enrichment process. SanDisk launched MP3 player at $249 with 8GB of storage. European markets closed lower. Russia repaid $23.8 billion ahead of schedule.
