Elena
28 Dec, 2005
New York City
U.S. stocks opened higher ahead of data and as the Treasury yield curve flattened. The Conference Board said that Consumer Confidence Index rose to 103.6 in December from a downwardly revised 98.3 in November, below expectations of 105.0. In earnings news, CBRL Group posted higher same-store restaurant sales for December and projected Q2 earnings between 56 and 61 cents a share. Cal-Maine Foods reported a narrower Q2 loss of 3 cents a share on sales growth.
Elena
28 Dec, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei rising sharply to hit a five-year high of 1.4% at 16,194.61 on expectations exporter issues will gain on stronger dollar. European stocks traded mostly lower at mid-day, despite positive German consumer confidence data with he French CAC being the biggest loser, down 0.2%. The Conference Board is expected to report that the index of consumer confidence rose to 101.8 in December from 98.9 in November.
123jump.com Staff
27 Dec, 2005
New York City
The difference in yield between short and long term yield shrank close to zero sparking a debate on probability of recession in the coming quarters. Retail stocks failed to rally on the news of stronger holiday sales than a year ago. Natural gas price fell 10% in the session and has dropped close to 25% in less than ten trading days.
Elena
27 Dec, 2005
New York City
A decline in oil and natural gas prices, optimism on holiday shopping season, and a $2.5 billion aircraft order for Boeing sent averages modestly higher at the opening of Tuesday session. At mid-day stocks changed direction as investors locked in early gains and the major averages moved into the negative territory with the Nasdaq being the biggest decliner.
Elena
27 Dec, 2005
New York City
After the long holiday weekend U.S. stock markets opened higher, boosted by a decline in oil prices, gains in Caterpillar, Boeing and Honeywell, and signs that retailers had respectable holiday sales with U.S. consumer spending up 8.7% during the holiday shopping period. As many traders are still away for the holiday and no major news is scheduled for the day, a day of light trading is expected with traders focused on treasury notes.
Elena
27 Dec, 2005
New York City
Asian-Pacific benchmarks finished mixed with several bourses still closed. The Nikkei dropped 0.9%, retreating from record highs on consumer prices data. European sttocks slightly advanced at mid-day with Belgium brewing company InBev in the spotlight. Guidant warned that its Q4 profit will fall short of estimates. The company projected earnings in the range of 17 cents to 23 cents per share on revenue of $790 to $820 million.
Elena
26 Dec, 2005
New York City
Hectic post-holiday shopping started early Monday morning as retailers offered discounts, extended shopping hours and fresh new merchandise, making effort to salvage holiday-season sales. Shoppers focused on the discounted holiday merchandise, from ornaments to sweaters. The world
Elena
26 Dec, 2001
New York City
Global M&A volume increased 38% to $2.9 trillion in 2005 with Procter & Gamble''s $60.8 B acquisition of Gillette the largest deal of the year. M&A volume in the U.S. and Europe reached $1.1 trillion, Asian-Pacific M&A volume hit a record $474.3 billion, up 46% from $324.5 B in 2004. Initial public offerings of stock around the world climbed 23% to $169.6 B. Europe, Africa and the Middle East were the most active regions, with $66.8 B in IPOs.
123jump.com Staff
23 Dec, 2005
New York City
Bond and gold markets were the only financial markets that showed normal level of activities. Bonds in thin trading rose as durable goods orders rose and new home sales declined. Gold advanced little but demand for gold remained high from India and Middle East. Pace of deal making did not slacken. Texas inst, Affiliated Computers, NBC, Tommy Hilfiger kept bankers busy. Natural gas price fell 10% for the week but copper traded at record and silver and gold traded near record levels.
Elena
23 Dec, 2005
New York City
U.S. stocks traded in a low volume as it was expected with investors reluctant to make any significant moves ahead of the long holiday weekend. The averages modestly advanced at start but failed to build a significant upward momentum, despite news that orders to U.S. factories for big-ticket manufactured goods jumped by the largest amount in six months. In corporate news, Tommy Hilfiger agreed to be bought by Apax Partners for $16.80 a share, or $1.6 billion.
Elena
23 Dec, 2005
New York City
Stock markets ticked up at opening on Ford Motor''''s health-care deal, merger-and-acquisition news, as well as economic data. Ahead of the Christmas holiday investors seem reluctant to make significant moves and only thin trading is expected. In earnings news, General Mills posted Q2 earnings rise of 97 cents a share, exceeding estimates, while American Greetings Corp missed estimates reporting Q3 profit decline, reflecting charges.
Elena
23 Dec, 2005
New York City
November orders for durable goods exceeded expectations with a rise of 4.4% due to orders for civilian aircraf, following a 3% increase in October. Asian-Pacific benchmarks finished mixed with the Nikkei closed in honor of the Emperor''s birthday. Taipei''s Weighted index surged 1.5%, South Korean Kospi climbed 0.6%, led by Samsung Electronics, up 1.7%. European stocks advanced at mid-day with London''s FTSE 100 hitting a four-year peak of 0.1% to 5,600.
123jump.com Staff
22 Dec, 2005
New York City
Traders showed interest in buying stocks on the rise in personal income, limited rise in inflation deflator, and unexpected fall in unemployment claims. Positive news on earings from RedHat, A G Edwards, General Mills, Paychex, ConAgra supported a broad rise in equities. American Greetings, Bed Bath & Beyond and Micron Tech disappointed the market.
Elena
22 Dec, 2005
New York City
Thursday morning session was one of low trading volume with stocks rising at opening and then easily losing steam. U.S. market averages struggled but failed to build upward momentum as investors digested upbeat economic data which eased inflation worries against mixed corporate news from the tech sector. Micron Technology threatened the tech sector, releasing a disappointing report, while a better-than-expected profit rise of Research in Motion, provided support.
Elena
22 Dec, 2005
New York City
The Commerce Department reported that personal income in November rose at a seasonally-adjusted rate of 0.3% compared with a growth rate of 0.5% in October. Personal spending also climbed 0.3%, following a 0.2% increase the previous month. In another report the Labor Department stated that initial jobless claims declined 13,000 to 318,000 for the week ended Dec 17 versus expectations of a more modest dip to 325,000.
