Elena
07 Mar, 2006
New York City
Asian-Pacific benchmarks closed sharply down, hurt by losses on Wall street and awaiting the two-day policy meeting of the Bank of Japan. The Nikkei fell 1.1% on speculations the BOJ would tighten the ultra-easy monetary policy. Among the other outstanding losers, China Shanghai Composite plunged 2.3% on profit taking and South Korean Kospi dropped 2.1%. The dollar bought 117.83 yen.
123jump.com Staff
06 Mar, 2006
New York City
It was a day when rising yield in bond market made investors worried of coroprate profits. Utilities, small cap stocks and interest sensitive housing sector fell. Gold and copper fell. Education Development jumped 12% on a deal to sell the company. GM rose 3%. AT&T,Bell South merger may cut 10,000 jobs. Brazil and Mexico dropped 2.2% and 1% respectively. Asian markets open lower on Tuesday.
123jump.com Staff
06 Mar, 2006
New York City
Three large merger deals, rising bond market yields and falling crude oil prices take the broader averages lower in the afternoon trading. General Motors rose 1.7% and Caterpillar lost 1.9%, the best and worst peformers in the DOW. On light trading volume on NYSE markets are on the delcine. Casino stocks traded higher on the news that Wynn Resorts sold developments rights for $900 million to an Australian company.
Elena
06 Mar, 2001
New York City
U.S. stocks advanced lifted by AT&T acquisition of BellSouth Corp. for $67 billion, GM stake-sale plans and brokerage upgrade of Intel. General Motors announced plans to sell a 17.4% equity stake in Japanese Suzuki Motor Corp., or about 92.36 million shares, for an estimated $2 billion. Citigroup upgraded Intel to buy from hold. Research in Motion rose 14% after it reached a settlement in its patent litigation with NTP.
Elena
06 Mar, 2006
Frankfurt
European markets closed in the positive but off intraday highs, reflecting U.S. stocks decline. London FTSE 100 was the biggest gainer, up 0.7% after reaching a fresh four-year high at mid-day. U.S. stocks slightly declined as shares of oil majors declined on 2% oil prices drop, following an indication that OPEC would not cut production. The 10-year yield rose 3.4 basis points to 4.718%, reaching its highest level since mid-2004.
Elena
06 Mar, 2006
New York City
U.S. stocks advanced lifted by AT&T acquisition of BellSouth Corp. for $67 billion, GM stake-sale plans and brokerage upgrade of Intel. General Motors announced plans to sell a 17.4% equity stake in Japanese Suzuki Motor Corp., or about 92.36 million shares, for an estimated $2 billion. Citigroup upgraded Intel to buy from hold. Research in Motion rose 14% after it reached a settlement in its patent litigation with NTP.
Elena
06 Mar, 2006
New York City
U.S. stocks advanced at opening lifted by AT&T acquisition of BellSouth Corp. for $67 billion, GM stake-sale plans and brokerage upgrade of Intel. General Motors announced plans to sell a 17.4% equity stake in Japanese Suzuki Motor Corp., or about 92.36 million shares, for an estimated $2 billion. Citigroup upgraded Intel to buy from hold. Research in Motion rose 13% after it reached a settlement in its patent litigation with NTP.
Elena
06 Mar, 2006
New York City
Stock futures indicated a positive start of Monday session, following the lackluster trading at the end of last week. A number of merger deals, led by AT&T acquisition of BellSouth Corp. for $67 billion, lifted sentiment. Other telecommunications stocks are expected to rise on speculations of further consolidation in the sector. Research in Motion is expected to open 10% higher on the settlement of a prolonged patent fight.
Elena
06 Mar, 2006
Frankfurt
European averages advanced at mid-day dealings on telecom-consolidation news. London FTSE 100 rose 0.9% to reach a new four-year high at 5910. Asian-Pacific benchmarks finished largely in the positive with the Nikkei rising 1.5% on data showing increased capital investment. Singapore Straits Times rose 0.8% to hit a fresh six-year high. Indian market jumps 1%.
Elena
06 Mar, 2006
New York City
Asian-Pacific benchmarks finished largely in the positive with the Nikkei rising 1.5% on data showing increased capital investment. Singapore Straits Times rose 0.8% to hit a fresh six-year high. Indian market jumps 1%. European averages advanced at mid-day dealings on telecom-consolidation news. London FTSE 100 rose 0.9% to reach a new four-year high at 5910.
123jump.com Staff
03 Mar, 2006
New York City
For the week Dow and S&P closed lower 0.4% and 0.2% but Nasdaq closed higher 0.7%. Intel after dropping as much as 3% closed lower 1%. Crude managed to bounce along with gold and copper for the week. European markets continue to advance as economic forecast for the year showed higher GDP growth rate for the year. Japan and Asian markets clsoed lower for the day on the worries of rising global interest rates. Home builders lost ground at close.
123jump.com Staff
03 Mar, 2006
New York City
Crude oil has been volatile to say the least. Crude after dipping below $60 bounced back to $63. Energy stocks of all kinds including refiners, explorers, service providers and rig makers rallied during the week. Metals market saw volatility but with an upward bias in copper prices. Gold managed to stay above $560 and clsoed near $570 per ounce.
123jump.com Staff
03 Mar, 2006
Frankfurt
Markets in Europe closed mixed but mostly lower on the worries of rising interest rates and energy prices. German market led the decliners. Norway and U.K. were only two expcetions for the day. Vodafon closed up 8.5% on the news that the company will Japanese unit to softbank. Telecom stocks led the U.K. market higher. Chip stocks declined on the news of lower revenue guidance from Intel.
123jump.com Staff
03 Mar, 2006
New York City
Rising yields and crude prices put the market averages at opening undere pressure. Tech stocks faced sell-off on the Intel lowered revenue guidance but later semi stocks recovered. Google gained $6, CBOT added $3.50 and WebEx added $1.70. Gold and silver traded lower. Starbucks added 2% while Intel lost 2%.
123jump.com Staff
03 Mar, 2006
New York City
Yields are on the rise, across the globe. First Japan then Europe and now in New York. Traders are finally waking upto a different reality on the interest rates. Market averages are under pressure on the account of rate hike concerns. Intel lose 2% on revised revenue guidance. Home builders, transportation and trucking stocks are on the decline on higher energy cost. CBOT adds another 1.5% to the rise of 40% year-to-date.
