123jump.com Staff
27 Apr, 2006
New York City
Market averages declined and then rose on the Fed Chairman comments. Market refocused on earnings as Exxon Mobil, OfficeMax, Marathon Oil, Harrahs, NCR and Pulte Homes and Rockwell Automation released earnings. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. OfficeMax up 5% on 77 cents earnings vs. 17 cents a year ago.
Elena
27 Apr, 2006
Mumbai
Sensex volatility has increased as market braced for earnings, higher margin requirement and general worries on lofty stock prices. Market has been riding on strong liquidity from domestic and international investors. Reliance Industries earnings rose 9%. Arvind Mills fell close to 4%.
Elena
27 Apr, 2006
New York City
U.S. stocks opened in the negative on disappointing earnings news and China''''s decision to raise interest rates. The Chinese central bank lifted its key base rate to 5.85%, the first rise since October 2004. Exxon Mobil dropped 2% after reporting quarterly earnings rise which failed to meet estimates. Alcatel also reported net income drop. Dow component Honeywell was downgraded to underweight from neutral by J.P. Morgan on concerns over environmental liabilities.
Elena
27 Apr, 2006
New York City
Asian markets closed mixed. The Nikkei advanced on strong quarterly results from Japanese companies and continuously falling oil prices. The index rose 0.3% to 17,114.54, supported by blue-chip automakers. Taiwan Weighted index reversed from earlier gains to close down 0.5% on profit taking in tech stocks. Hong Hong Hang Seng closed higher by 0.4% on property stocks.
Elena
27 Apr, 2006
Frankfurt
European stocks sharply declined at mid-day, reflecting weaker commodity and energy stocks. Major mining companies like Rio Tinto and BHP Billiton sent the resource sector down 4%, while oil and gas giants Royal Dutch Shell and BP helped the energy sector down 2%. The German DAX 30 dropped 0.7%, the French CAC 40 lost 0.9%, and London FTSE 100 declined 0.8%.
123jump.com Staff
26 Apr, 2006
New York City
Market averages climbed back on the better than expected news on March durable goods order and new home sales. March home sales were reported at 1.21 million level and durable goods orders rose 6%. Pepsi, Monster Worldwide, Boeing and Office Depot reported better than expected earnings. After close Anheuser Busch, Xilinx, Centex reported profit. Xilinx reported Q4 profit of 32 cents vs. 19 cents a year ago, Centex Q4 profit of $3.04 vs. $2.75 and guides lower 2007 and Conoco Q1 profit of $2.34.
Elena
26 Apr, 2006
Frankfurt
European markets closed higher, boosted by gains in the tech and health-care sectors on upbeat news from chipmaker Infineon Technologies and Swiss pharmaceutical Roche. Automotive shares like Renault, Peugeot, and DaimlerChrysler also contributed to the upward momentum. The German DAX 30 added 0.5%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.5%.
Elena
27 Apr, 2006
New York City
Exxon Mobil, oil company, reported quarterly profit rose 7%, or $1.37 a share to $8.4 billion, up from $1.22 a share last year. The income increase was attributable to surging crude oil prices. Although it was the biggest profit ever posted in the first quarter, it failed to meet forecasts. Exxon Mobil shares fell 2.2% to $61.70 in pre-market trading.
Elena
26 Apr, 2006
New York City
Stocks rallied in late morning trading, supported by robust earnings reports and continuous decline of oil prices. Stronger-than-expected economic data failed to hurt market sentiment. PepsiCo reported profit rise of 12% on improved sales. The company also backed its 2006 outlook. A broker''''s upgrade of General Motors Corp. also lifted sentiment.
Elena
26 Apr, 2006
New York City
Volatile index, Sensex in India has witnessed a tug of war between optimist on earnings and local economy and pessimist on risks investing in emerging markets. Market has witnessed increased volatility in the last one month of trading. Daily jump or fall of more than one percent is increasingly becoming regular.
Elena
26 Apr, 2006
New York City
Stocks opened in the positive as strong earnings overshadowed interest rate concerns. Colgate-Palmolive rose 1.2% on higher Q1 profit. The consumer products maker reported profit increase of 8.1% to 59 cents a share, from 53 cents, a year ago, citing solid sales and volume gains. Boeing reported Q1 net income rise of 88 cents per share, beating estimates of 76 cents per share, but quarterly revenue below analyst expectations.
Elena
26 Apr, 2006
New York City
Boeing reported Q1 net income rise of $692 million or 88 cents per share, beatung analyst estimates of 76 cents per share. However, shares of Boeing fell 1.5% in pre-market trading, as the company reported quarterly revenue below analyst estimates.
Elena
26 Apr, 2006
Frankfurt
European stock markets traded higher at mid-day, boosted by strength in the tech sector. The leading gainers were chipmakers Infineon Technologies and STMicroelectronics. The German DAX 30 added 0.2%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.4%.
Elena
26 Apr, 2006
New York City
Asian markets finshed higher, lifted by improved global consumption outlook, following a rebound in oil prices and strong U.S. consumer confidence report. The Nikkei rose 0.5% to 17055.30, boosted by industrial and consumer-oriented stocks. South Korea
123jump.com Staff
25 Apr, 2006
New York City
Emerging markets encountered volatile trading for the second day of the week. Markets around the globe declined led by a steep decline in India, Thailand, Hong Kong and Chinese stocks trading in Hong Kong. Mexico bucked the trend and gained 0.8%. International price of oil declined byut stayed near elevated levels.Chinese stocks in Hong Kong strading came under renewed pressure on worries that government may tighten moentary authority to control recent rise in the market.
