Ivaylo
15 Aug, 2006
Frankfurt
Profit taking was the reason behind the falls after the strong session on Monday. The high-flying miners and engineers which supply machinery and services to them, were the worst hit by profit taking. Drugs stocks offered the market some support.The FTSE 100 in London fell 0.3%, while Xetra Dax in Frankfurt fell 0.3%, while in Paris, the CAC 40 shed 0.1%.
Ivaylo
15 Aug, 2006
Metals
Gold futures ended near a three-week low on Monday, following a steep decline in crude prices as an Israeli-Hezbollah cease-fire came into effect and the British government downgraded its terror threat.With Iraq, though, still on the verge of civil war, and Iran and North Korea nuclear policies a cause for concern, geo-political tensions are still extremely highand might bring about a gold rally.
123jump.com Staff
14 Aug, 2006
New York City
Market averages lost early momentum as fresh questions arose on the durability of the recently brokered cease-fire in the Middle East. Oil and gold dropped, sparking a broad rally in the early hours of trading. As trading progressed investors worried about the inflation report on Tuesday. In Tokyo, Japan power cut halted trading for several hours but market closed 1.9% higher. Major European markets closed higher.
Elena
14 Aug, 2006
New York City
European markets finished steeply in the positive, reflecting a significant decline by the price of oil and reduced measures at U.K. airports. Among leading gainers were airline stocks which recovered on the news of the day. British Airways advanced 1.9%, while Lufthansa rose 2%. The French CAC 40 climbed 1.2%, the German DAX 30 rose 1.1%, and London FTSE 100 gained 0.9%.
Elena
14 Aug, 2006
New York City
Market averages rallied Monday morning. The Dow was helped by heavy equipment maker Caterpillar which rose 1.7%, jet maker Boeing which was up 1.3% and diversified manufacturer United Technologies, up 1.5%. Financial stocks also showed significant strength, with Schwab Corp. rising 1.7% and Ameritrade, up 1.9%. Shares of Whole Foods Market jumped 6% on news the stock was undervalued and poised to improve.
Elena
14 Aug, 2006
Mumbai
The benchmark index ended the day in a positive territory supported by a drop in oil prices as well as by strong European and Asian markets. Refinery stocks, some auto shares and the metal sector surged. Bajaj Auto led the gainers while Reliance Industries also advanced, together with ONGC and Infosys.
Elena
14 Aug, 2006
New York City
Stocks moved sharply higher at opening as Wall Street welcomed news of a cease-fire between Israel and Lebanon and a significant decline by oil prices. Lower oil prices contributed to significant strength among airline and other transportation stocks. Ford Motor gained 2.9% after Bear Sterns raised its rating on the stock to outperform from underperform, while General Motors lost almost 1% on downgrade from outperform to peer perform.
Elena
14 Aug, 2006
New York City
Among companies, reporting earnings today, The Valspar Corp., coatings specialist, reported Q3 net income rose to 51 cents a share from 44 cents a share a year ago, beating estimates. Dillard''s Inc., department store operator, reversed to Q2 profit of 20 cents a share, up from 15 cents a share loss in the year-ago period.
Elena
14 Aug, 2006
New York City
Light sweet crude for September delivery fell 92 cents to $73.43 a barrel on the Nymex. Natural gas futures fel 25 cents to $7.018 per 1,000 cubic feet. Gasoline futures dropped almost 4 cents to $2.0270 a gallon, and heating oil futures fell slightly to 2.0254 a gallon.
Ivaylo
14 Aug, 2006
New York City
Japanese stocks gained Monday as clothing chain operator Fast Retailing and tire-maker Bridgestone pushed the market higher. Morning blackouts in Tokyo led to a shutdown of the Nikkei stock index but failed to dampen sentiment. Hong Kong and South Korea also finished higher. The Shanghai Composite bucked the trend and ended lower.
Ivaylo
14 Aug, 2006
Frankfurt
European shares gained ground on Monday, after oil prices plunged in electronic trade and mergers-and-acquisition speculation once more reemerged as a market theme.The U.K. FTSE 100 index added 0.6%, the German DAX Xetra 30 index rose 0.8% and the French CAC-40 index increased 0.8%.
Ivaylo
14 Aug, 2006
Metals
Union leaders met with the management on Friday to try to resume formal negotiations.Negotiations are expected to go well into the night. Meanwhile, gold settled lower in a summer dull session. Silver and palladium followed gold down.
123jump.com Staff
11 Aug, 2006
New York City
Market averages declined in the afternoon trading. In the economic news Japan Central Bank left interest rates unchanged at 0.25% as expected by the market. July retail sales in the U.S. rose 1.4% led by 3.5% rise in auto sales and 2.5% rise in gasoline sales. Canadian miner Inco Ltd. attracted sixth bid for all cash offer of C$86 from the Brazilian mining giant CVRD. Pacific Sun, teenage retailer, dropped to $13.60, forty-month low.
Elena
11 Aug, 2006
Frankfurt
European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French CAC 40 gained 0.2%.
Elena
11 Aug, 2006
New York City
Stocks were weak Friday morning, reflecting economic slowdown worries. In merger deals, resort operator Intrawest Corp. agreed to be acquired by Fortress Investment Group LLC in a deal worth about $2.8 billion, or $35 a share including debt assumption. The offer represents a 32% premium to the stock''s closing price of $26.51 on Thursday. Company
