Elena
08 Sep, 2006
Mumbai
The Sensex advanced for a second straight week in September helped by sustained foreign funds inflow and oil prices plunging to a 5-month low. The sinking price of oil supported auto, refinery and energy stocks. Reliance Communications led the advancers, with Maruti, Hero Honda and Hindalco also gaining. HDFC and ICICI Bank led the decliners. The wholesale price index rose to 5.01%.
Elena
08 Sep, 2006
New York City
Stock markets advanced modestly at opening, lifted by a sharp decline by crude oil prices, helping to offset inflation worries. Investors were also digesting news that another home builder cut its profit outlook. Lennar lowered its Q3 earnings guidance, joining Beazer Homes and Hovnanian Enterprises.
Elena
08 Sep, 2006
New York City
Stock futures recovered, pointing to a strong opening after two straight sessions of losses. Lennar was another home builder to warn of weakness in the housing market. The company cut its Q3 earnings estimates, projecting profit in a range of $1.25 to $1.35 a share. The lowered guidance is sharply below the $1.81 consensus of analysts. Shares fell 2.9% in pre-market trading.
Ivaylo
08 Sep, 2001
New York City
The decision helped exporters including Toshiba Corp. to regain strength from morning losses while airline shares such as Cathay Pacific and Japan Airlines gained on lower oil prices. Japanese exporters, Nissan Motor and Canon finished slighly in the red but pared sharper losses in morning trading. Australia was the only major market to buck the upbeat trading and close in negative territory.
Ivaylo
08 Sep, 2006
Frankfurt
Buyers returned on European markets after losses of more than 2% over the last three sessions. Cost-cutting hopes gave a boost to leading telecommunications providers including Deutsche Telekom. All major markets were on a bit firmer footing on Friday, with virtually every sector trading in positive territory. The U.K. FTSE 100 index gained 0.4%, the German DAX 30 index rose 0.2% and the French CAC 40 index added 0.3%.
Ivaylo
08 Sep, 2006
Metals
The fear of interest rate hikes down the road combined with gold inability to follow through from Tuesday gains played a vital role in the session downturn. Gold declined hitting its weakest level in more than a week. Profit-taking made copper futures Thursday give up some of their gains from the last two days. Silver, platinum and palladium also slipped.
123jump.com Staff
07 Sep, 2006
New York City
Market averages accelerated the decline in the final hour of trading. Worries of economic slowdown, weakness in housing market and persistent nervousness on rising rates came to haunt traders. Sentiment deteriorated further as several home builders cut earnings outlook. Oil and gold dropped. Alcatel and Lucent shareholders voted for a merger of $10.8 billion. Microsoft warned that launch of Vista may be delayed in Europe.
123jump.com Staff
07 Sep, 2006
New York City
Market averages remained in the negative zone with worries on housing market and economic slowdown. Retailers led the advancers in an otherwise down market. Chicos, Nordstrom, Federated, Pacific Sun and Abercrombie & Fitch led the gainers. MasterCard IPO jumps to a new high. China based New Oriental priced 8.5 million shares at $15 per share. IPO soared 45% at the opening.
Elena
07 Sep, 2006
Frankfurt
European markets ended Thursday trading session lower, dragged by a profit warning from Tomkins and U.S. market losses amid worries about the economic slowdown. Commodity stocks were among the most notable decliners due to retreating oil prices. The German DAX 30 closed down 0.7%, the French CAC 40 was lower by 1.1%, and London FTSE 100 tumbled 1.2%.
123jump.com Staff
07 Sep, 2006
New York City
Market averages traded lower after warnings from three homebuilders raised investor concerns about an economic slowdown. Beazer declined 5.81% to $36.14, while KB Home was down 2.95% to $39.20 after cutting their full-year earnings guidance.
Elena
07 Sep, 2006
Mumbai
The Sensex on BSE recovered after an initial loss of 100 points but fell in the latter part of session. The auto sector bucked the trend and gained as oil dropped in the international markets. Select stocks, such as Birla VXL, Media Video, Garware-Wall Ropes advanced as well. HDFC, Tata Motors and Maruti surged.
Elena
07 Sep, 2006
New York City
Stock markets lost ground Thursday due to persistent economic slowdown worries. Signs of slowing housing market added to investor concerns. Beazer Homes, Hovnanian Enterprises and KB Home warned that the home-building sector is facing difficulties. KB Home fell 2.5%, Beazer Homes lost 3.3% after cutting their full year earnings forecasts.
Elena
07 Sep, 2006
New York City
U.S. stock market futures pointed to a negative opening on concerns over global inflation and signs of slowing housing market. Home builder KB Home fell 5.5% in electronic trading after it cut its forecast on Wednesday. Hovnanian Enterprises rose 2.1% in after market trading, despite reporting fiscal Q3 net income drop by 36% and orders decline by 26%.
Ivaylo
07 Sep, 2006
New York City
Technology stocks slumped tracking U.S. markets. NEC Corp. and Hitachi Ltd plunged in Japan, leading the market down. Auto shares also took a dip. Property stocks such pulled Hong Kong index lower and LG Electronics led South Korea down. Shanghai and Australia also fell.
Ivaylo
07 Sep, 2006
Frankfurt
European markets fell on Thursday as interest rate concerns were back in line, due to comments from US Fed and ECB officials, while the Bank of England is seen keeping UK rates on hold. By midday, London FTSE 100 slipped 1%, while Frankfurt Xetra Dax shed 0.5% and the CAC 40 in Paris lost 0.8%.
