123jump.com Staff
16 May, 2006
New York City
Market averages remained closed to unchanged level at mid-day. Economic data painted mixed picture. Rise in April Inflation at wholesale level was reported at 0.9% but housing starts dropped 7.4% to 1.85 million annual level and factory output rose by 0.8%. Apple lost 3% on the news that Creative Technology has filed complaint and a lawsuit. Deere & Co. reported earnings per share of $3.13 on revenue rise of 2%.
Elena
16 May, 2006
Frankfurt
European markets erased early losses to close higher, supported by defensive healthcare giant companies. The German DAX 30 rose 0.5%, supported by 1.5% gain for Deutsche Post. The French CAC 40 climbed 0.6%, with EADS falling 2.6% after making early gains. London FTSE 100 gained 0.6%, helped by catering company Compass Group, which rose 2.8%.
Elena
16 May, 2006
New York City
U.S. market averages turned mixed as investors digested a number of key economic reports. Wal-Mart Stores Inc. reported Q1 profit rose 6.3% to 63 cents per share, up from 58 cents a year ago, beating estimates of 61 cents. Home Depot posted Q1 profit rise of 19% to 70 cents a share, compared with a profit of 57 cents a share, for the same period a year ago, exceeding expectations of 67 cents a share. NCO Group Inc. rose 39% on news that its chief executuve offered to buy the company for $1B.
123jump.com Staff
16 May, 2006
New York City
Market averages traded in a narrow range as latest economic data indicated mixed economic picture. Apil wholesale inflation rose, housing starts declined but factory output rose. On the earnings front Wal-Mart delivered better than expected earnings, Home Depot falied to meet sales expectations. After the close HP reported net revenue rise of 5% to $22.5 billion and earnings of 51 cents vs. 33 cents a year ago. Applied Materials reported earnings of 26 cents vs. 18 cents a year ago.
Elena
16 May, 2006
Mumbai
Market volatility was at display in cement sector. Cement shares soared in volatile market, as cement companies offered a 5% discount for cement supplies to government projects. Other factors contributing to the market rise were the surging quarterly results, and hopes that the U.S. Fed may cancel its policy of lifting the interest rates.
Elena
16 May, 2006
New York City
Stocks opened modestly higher, following a tame report on wholesale inflation which raised hopes that stabilizing prices will keep the Fed Reserve from raising interest rates. The Labor Department''s producer price index showed that high energy costs have not yet affected core wholesale prices. The overall PPI for April jumped 0.9%, while core PPI grew a lower-than-forecast 0.1%. The yield on the 10-year Treasury note dropped to 5.13% from 5.16% Monday.
Elena
16 May, 2006
New York City
Stock futures were poised to a flat opening with investors awaiting producer prices data. In earnings news, Wal-Mart Stores Inc. reported Q1 profit rose 6.3% to 63 cents per share, up from 58 cents a year ago, beating estimates of 61 cents. Home Depot posted Q1 profit rise of 19% to 70 cents a share, compared with a profit of 57 cents a share, for the same period a year ago, exceeding expectations of 67 cents a share.
Elena
16 May, 2006
New York City
A report released by USA Today identified BellSouth Corp., AT&T Inc. and Verizon Communications Inc., as companies that had complied with a National Security Agency request for millions of customer phone records after the terrorist attacks in 2001. BellSouth denied having assisted the NSA.
Ivaylo
16 May, 2006
New York City
The Nikkei advanced 0.1% soon after the trading started, led by a recovery on Wall Street and a slight weakening of the yen. The advances were lost, however, and the Japanese index plunged into a sixth consecutive losing session of, shedding 0.2% at close. Kospi in South Korea dropped 1.1% and Australian index finished 0.3% lower.
Ivaylo
16 May, 2006
Frankfurt
Volatility prevailed on the market, as London FTSE 100 dropped 0.5 %, along with the CAC in Paris, down 0.3% and Frankfurt
Ivaylo
16 May, 2006
Metals
Market participants remained bullish on the precious metals, though a few decided to take a break. The overall uptrend appears to be unscathed for now despite the drop. There are still signs of strong demand and it will be too early to call the increase has come to a halt. There is some market sentiment, pessimistic of a likely bubble that may copycat the electronic one of the late 1990s because the fundamentals don
123jump.com Staff
15 May, 2006
New York City
Financial markets around the world declined led by a sharp drop in metal prices. Gold, silver, copper, platinum and palladium declined between 1% and 6%. Oil fell 3.5% as traders started locking in profits. Asian sell-off was led by Indonesia, India and Philippines. Major European markets dropped between 1% and 3%. Norway dropped 5%. In South America Argentina and Brazil declined 3% and 2% respectively. Gold closed down $26.80 but fell as much as $49.
123jump.com Staff
15 May, 2006
Metals
Gold futures dropped as much as $49 an ounce from its 26-year high, the highest price since 1980, last week. June delivery fell $26.80 to $679 an ounce. This is its lowest level since May 8th of this year. Target turned in Q1 profits of 63 cents a share up from 56 cents a share in the year-earlier period. Analysts had been expecting to see profits of 64 cents a share. Share prices were down in early morning trading to just above $48 before recovering slightly to $49.84 a share or down 4.54%.
Elena
15 May, 2006
Frankfurt
European markets closed deeply in the red largely due to continuous inflation concerns and weaker U.S. dollar which weighed on export-related issues. Metals companies also came under pressure, with BHP and Anglo American each down 5%. However, telecommunication stocks bucked the downward trend with Vodafone rising 1.2%. The German DAX 30 lost 1%, the French CAC 40 dropped 1.7%, and London FTSE 100 falling 1.2%.
Elena
15 May, 2006
New York City
AstraZeneca PLC agreed to acquire development partner Cambridge Antibody Technology Group PLC for $1.07 billion. The $25.02-per-share is a hefty 69% premium to Cambridge''''''''s closing price Friday. Bausch & Lomb Co. jumped $3.99 to $48.43 after the company pulled a contact-lens solution that has been linked to a recent outbreak of a fungal eye infection known to cause blindness.
