123jump.com Staff
03 Jul, 2006
New York City
Markets around the world gained on the first day of the third quarter. Averages rose in Asia, Europe and Americas. Mexico led the global gain with 4.2% surge. Investors perceived that the ruling party candidate has 1% lead when 96% of votes were counted. Construction spending fell unexpectedly in May, according to the Commerce Department. June sales of GM, Ford, Chrysler and Nissan declined. Honda and Toyota reported sales gain.
Elena
03 Jul, 2006
Frankfurt
European markets ended higher, lifted by gains for oil majors and merger-and-acquisition news. Oil companies BP and Royal Dutch Shell rose 1.2% and 1.4% respectively. Merger-and-acquisition speculation also helped to inspire European gains, including British supermarket group WM Morrison, up 3.7% and brewing company SABMiller, up 1.2%. The German DAX 30 rose 0.55, the French CAC 40 added 0.3%, and London FTSE 100 climbed 0.9%.
Elena
03 Jul, 2006
New York City
Stocks moved moderately higher in light pre-holiday trading, reflecting mild economic data and news of a possible alliance between General Motors Corp. and Nissan Motor. In economic news, the ISM''s June manufacturing index fell 0.6 points to 53.8, while economists were expecting a rise to 55. In another report, the Commerce Department said that a sharp decline in homebuilding drove a 0.4% decline in May construction spending, vs. expectations of a 0.2% increase.
Elena
03 Jul, 2006
Mumbai
The market extended Friday
Elena
03 Jul, 2006
New York City
Dow component General Motors Corp. boosted market sentiment, rising 1.6% on news of possible alliance with French automaker Renault and Japanese Nissan. Traders also awaited the June reading of the Institute for Supply Management''s manufacturing index, hoping the report would provide clues about economic growth and interest-rate increases.
Elena
03 Jul, 2006
New York City
Stock futures indicated a positive start of Monday trading session ahead of June manufacturing data and the Independence day holiday tomorrow. Positive news from Dow component General Motors Corp. is expected to give a further boost to stocks. Wal-Mart announced that June same-store sales rose 1.2%, the low end of its forecast.
Elena
03 Jul, 2006
New York City
The combined company
Ivaylo
03 Jul, 2006
New York City
Japan
Ivaylo
03 Jul, 2006
New York City
Gold once again pushed well through the $600 an ounce mark as the dollar weakened on Friday and crude edged back towards the psychological $75 a barrel, the mining and petrochemical stocks were looking to be in favour once again. Asian stocks also helped starting off the week in a positive mood after bullish results from the Bank of Japan''s quarterly tankan survey of business sentiment boosted financials, retailers and exporters.
Ivaylo
03 Jul, 2006
New York City
A combination of the dollar''s demise against other major currencies following the U.S. Fed
Yordanka
02 Jul, 2006
New York City
Retailer J. Crew Group, which surged 28% on its first day, was the only bright spot in the IPO market this week. Two other IPOs priced below forecast range, one was amended with a downgraded forecast range, and three others were postponed or withdrawn. Stock markets have tumbled since May on worries about inflation and interest rates.
123jump.com Staff
30 Jun, 2006
Metals
Market averages sold-off in the last hour of trading. Industrial stocks advanced but financials, technology and select healthcare stocks faced selling. General Motors jumped as high as 11% on the news that company was urged to explore merger possibilities with Renaut and Nissan by its prominent shareholder Kirkorian. Gold rose for the second day as traders believed that steady interest rates will no longer support the U.S. dollar.
Elena
30 Jun, 2006
Frankfurt
European markets closed steeply higher, boosted by speculations that the U.S. Fed Reserve may be close to the end of its rate-tightening cycle. Tech and auto stocks were leading gainers. Bayer rose 4.5%, following an agreement to sell its diagnostics unit for 4.2 billion euros to Siemens. The German DAX 30 climbed 1.8%, the French CAC 40 surged 1.9%, and London FTSE 100 rose 0.7%.
Elena
30 Jun, 2006
New York City
Stocks moved to the downside after the initial rise as investors turned to profit taking from Thursday''s rally. In corporate news, General Motors rose $1.57 to $29.01 after major holder Tracinda Corp. asked the auto maker to enter an alliance with Renault and Nissan. RSA Security agreed to be acquired by EMC Corp for $2.1 billion in cash.
Elena
30 Jun, 2006
Mumbai
The Sensex kept closed higher in lockstep with the global markets, as the buying interest intensified in highly volatile trading. Metals, banks and capital goods led the advancers. Large caps were the major gainers, with Reliance Communication Ventures, Maruti Udyoq, Hindustan Lever, and Reliance Industries, leading the way.
