Ivaylo
02 Aug, 2006
Metals
The dollar had lost ground and suggested a strong round of buying in gold. The growing tension between Israel and Hezbollah also made prices rise. Silver rose to a high, before settling down, but was up on the day. Copper futures failed to take out the peak on Monday, its best level since July 19. Crude oil finished on the rise too.
123jump.com Staff
01 Aug, 2006
New York City
Fears of inflation were back on market with the release of consumer spending report. Commerce Department reported that consumer prices are up 2.4% from a year ago so far for this year, highest since inflation rate in April 1995. Another month and another loss of a market share for domestic auto makers. Ford and Chrysler reported a steep decline in auto sales in July from a year ago. Oil climbed back above $75 per barrel. Vodafone refused to sell its take in Verizon back to the company.
123jump.com Staff
01 Aug, 2001
New York City
Fears of inflation were back on market with the release of consumer spending report. Commerce Department reported that consumer prices are up 2.4% from a year ago so far for this year, highest since inflation rate in April 1995. Another month and another loss of a market share for domestic auto makers. Ford and Chrysler reported a steep decline in auto sales in July from a year ago. Oil climbed back above $75 per barrel. Vodafone refused to sell its take in Verizon back to the company.
123jump.com Staff
01 Aug, 2006
New York City
Fears of inflation were back on market with the release of consumer spending report. Commerce Department reported that consumer prices are up 2.4% from a year ago so far for this year, highest since inflation rate in April 1995. Another month and another loss of a market share for domestic auto makers. Ford and Chrysler reported a steep decline in auto sales in July from a year ago. Oil climbed back above $75 per barrel. Vodafone refused to sell its take in Verizon back to the company.
Elena
01 Aug, 2006
Frankfurt
European markets finished steeply lower on interest rate concerns and mixed earnings reports. Among movers, Dutch telecom KPN climbed 5.6%, Deutsche Bank shares fell 4.7%, and low-cost airline Ryanair also dropped 3.5%. The German DAX 30 slid 1.5%, the French CAC 40 fell 1.2%, and London FTSE 100 lost 0.8%.
Elena
01 Aug, 2006
New York City
Stocks continued to trade lower on inflation worries, sparked by strong economic data. The ISM''s manufacturing index added to investor interest rate worries, as the index rose to 54.7 in July, far better than the 53 reading economists had expected. In another report, the Commerce Department said that construction spending rose 0.3%, exceeding expectations of 0.2% growth.
Elena
01 Aug, 2006
Mumbai
The benchmark Sensex experienced extreme volatility during the day but bounced back after news that international rating agency has upgraded India''s sovereign ratings to investment grade on an improvement in public finances. IT shares, banks and cement stocks finished higher in the latter part of trade. Auto and pharma stocks were down.
Elena
01 Aug, 2006
New York City
Stocks opened lower following a government report which helped renew concerns about the pace of inflation and interest rates. The Commerce Department released a report showing that consumer prices, excluding food and energy prices, rose at an annual rate of 2.4% compared to the 2.2% rate seen in the two previous months. Core personal consumption expenditures rose 0.2% in June.
Elena
01 Aug, 2006
New York City
Verizon reported Q2 earnings of $1.6 billion, or 55 cents a share, down from $2.1 billion, or 75 cents a share last year, citing charges and merger integration costs. Eastman Kodak said Q2 loss widened to $282 million, or 98 cents per share from $155 million, or 54 cents per share a year ago on restructuring charges and rising silver prices.
Elena
01 Aug, 2006
New York City
That move is likely to lead the bankrupt airline to unilaterally impose a new, cost-cutting contract on the union, but the airline''s 9,300 flight attendants warned that any attempt by the airline to enforce new work rules will lead to random mini-strikes aimed at hampering the carrier''s operations.
Ivaylo
01 Aug, 2006
New York City
The Nikkei 225 Average of Japan shed 0.04%, as traders sold blue chip electronics. Sony and Canon were among the main decliners. The Hang Seng Index of Hong Kong fell 0.35% on falls in China-related companies. The Korea Composite Stock Price Index, or Kospi, eased 0.8%, as profit taking in banks and shipbuilders erased gains in technology shares.
Ivaylo
01 Aug, 2006
Frankfurt
European stocks turned higher on Tuesday, as broadly satisfying results from the likes of Allied Irish Banks and KPN offset weakness caused earlier by Deutsche Bank and Ryanair. The U.K. FTSE 100 index notched 0.2% up and the French CAC-40 index gained 0.1%, with only the German DAX Xetra 30 index slipping 0.1%.
Ivaylo
01 Aug, 2006
Metals
Despite the nearly flat close on the day, gold is building a base to move higher amid concerns about North Korea, Iran, Venezuela and the fighting in the Middle East, which have built a premium into the market. Silver, platinum and palladium edged up, while searing heat in North America sent natural gas prices surging.
123jump.com Staff
31 Jul, 2006
New York City
Natural gas and crude oil futures jumped more than one dollar. The heat wave in the Midwest and uncertainty driven by Israel and U.N. Security Council resolution asking Iran to suspend nuclear enrichment by the end of August kept oil rebounding. Crude oil closed at $74.40 per barrel and natural gas at $8.21 per mBTU. Tyson reported wider than expected loss. Valero LP reported lower earnings and forecasted similar profit in the current quarter.
Elena
31 Jul, 2006
New York City
European markets closed lower, pulling back from last-week highs, despite well-received earnings reports from major companies. Advancers included media and publishing group Pearson, up 1%, Dutch delivery-services group TNT, up 3.5%, and ASM International, up 6.5%. The German DAX 30 fell 0.4%, the French CAC 40 lost 0.4%, while London FTSE 100 dropped 0.8%.
