Elena
10 May, 2006
New York City
U.S. stock futures pointed to a weak opening ahead of Fed Reserve interest-rate decision, due out in the afternoon. The benchmark fed funds rate is expected to be raised by a quarter of a point to 5%. In pre-market trading BIDU shares jumped 27% after China''s Web search system reported sharply higher quarterly earnings. Cisco Systems reported better-than-expected profit, but fell about 0.8% on a disappointing revenue forecast.
Elena
10 May, 2006
New York City
Asian markets finished largely in the negative, dragged by weaker dollar and cautiousness ahead of U.S. Fed Reserve interest-rate decision. The Nikkei dropped 1.4% to 16951.93 as the weak dollar weighed on exporter-related issues. Shanghai Composite rose 1%, extending gains to hit a 2-year high on fresh fund flows. Hong Kong
Elena
10 May, 2006
Frankfurt
European stocks traded in a tight range at midday as investors were cautious ahead of the U.S. Fed Reserve interest-rate decision. In addition, weaker dollar pressured export-related stocks. Shares of tech companies like Infineon Technologies and Philips Electronics moved lower. Automakers were supported by DaimlerChrysler which rose 2.5% as Deutsche Bank upgraded the company stock. The German DAX 30 gained 0.2%, the French CAC 40 lost 0.1%, and London
Ivaylo
10 May, 2006
Metals
U.S. benchmark gold futures finished at a 26-year high of $701.50 an ounce, up $21.60 on the day, the highest price for the leading U.S. gold futures contract since September 1980. The rally on gold was driven by tensions over Iran''s nuclear plans, inflationary concerns and speculations about China''s gold reserves. Platinum, palladium and silver also hit record highs.
123jump.com Staff
09 May, 2006
New York City
Market averages braved higher ahead of the Fed meeting. widely expected rise in interest rate after the Fed meeting tomorrow may set the stage for market volatility in the afternoon. Coach reported $500 million buy back. Cisco reported better sales after-the clsoe. Gold crossed $700 for the first time since 1980. Copper and silver rose to yet another record high. General Motors rose on borker upgrade. Google jumped $14 at close. Mining and mineral stocks rally. Brazil and Mexico close up.
123jump.com Staff
09 May, 2006
New York City
US averages see little change early in the afternoon with DOW and S&P having modest gains and NASDAQ down only slightly. Prices light crude oil rose $1.63 to $71.40 from $69.77 on Monday. Oil prices are still short of the record highs seen in April of this year when prices reached $75.35 a barrel. Gold climbed over $700 today for the first time since October of 1980, the highest futures level in almost 26 years. Sara Lee Corp reported earnings of 6 cents vs. 24 cents a year ago.
Elena
09 May, 2001
New York City
European markets closed higher, lifted by gains in the telecom and automotive sectors which helped offset weakness among tech stocks. Vodafone Group rose 3.2% on a report that U.S. Verizon Communications offered to buy out Vodafone''s 45% stake in Verizon Wireless for $38 B. Renault and Volkswagen rose 3% and 4% respectively, following a brokerage upgrade on General Motors. The German DAX 30 added 0.2%, the French CAC 40 rose 0.6%, and London FTSE 100 climbed 0.6%.
Elena
09 May, 2006
New York City
Stocks were mixed, reflecting cautious trading ahead of FOMC meeting on Wednesday and weakness among tech stocks on disappointing news from Dell. Computer giant Dell dropped 6% as the company issued lowered profit guidance. General Motor rose 4.2% after the company revised its Q1 loss to a profit due to an accounting change. The automaker was helped by an upgrade by Deutsche Bank which raised its rating on the stock to hold from sell.
Elena
09 May, 2006
Mumbai
Initially, the Indian index was given a sturdy lift by the falling prices in crude oil, dropping below $70 per barrel mark, led by easing tensions on Iran
Elena
09 May, 2006
New York City
Stocks were mixed, reflecting cautious trading ahead of FOMC meeting on Wednesday and weakness among tech stocks, following disappointing news from Dell. Computer giant Dell dropped 6.4% as the company issued lowered profit guidance. Chipotle rose 9% on tripled quarterly profit, citing 40% revenue growth. FMC Technoligies climbed 9% on Q1 earnings rise of 67 cents a share on 28% revenure growth, beating estimates.
Elena
09 May, 2006
New York City
Stock futures pointed to a flat start Tuesday ahead of Fed Reserve''s decision on interest rate increases on Wednesday. The U.S. central bank is expected to raise its benchmark interest rate to 5%, but investors will be focused on clues about the future direction of rates. Computer giant Dell dropped 6.4% before the opening bell as the company issued lowered profit guidance. General Motors Corp. climbed 2.2% before the bell as the automaker revised its Q1 results to show a profit.
Elena
09 May, 2006
Frankfurt
European markets rose at mid-day, lifted by gains in the telecoms and automotive sectors which helped offset weakness among technology stocks. Merger-and-acquisition deals provided some support with steelmaker Arcelor rising 2.3% on speculations that Mittal will raise its bid. The German DAX 30 added 0.2%, the French CAC 40 rose 0.4%, and London FTSE 100 climbed 0.6%.
Elena
09 May, 2006
New York City
Asian markets closed mostly in the negative on currency jitters, profit taking and cautiousness ahead of U.S. Fed Reserve
Ivaylo
09 May, 2006
Metals
June gold hit a new high of $688.20 an ounce on the NYME only to close at $679.90 an ounce, $4.40 down. The cooling of prices came as a result of the news that Iranian President Mahmoud Ahmadinejad wrote a letter to President George W. Bush in an effort to offer
123jump.com Staff
08 May, 2006
New York City
Market averages did not trace a direction after rising sharply on Friday. News of two mega-deals drove trading sentiment. Wachovia agreed to buy Golden West Financial for $26 billion and Thermo Electron agreed to merge with Fisher Scientific for $10.6 billion. Dollar fell in Asian trading. The dollar fell to 111 Japanese yen. Singapore dollar and Korean won rose to eight-year high against dollar. Chinese yuan has lost value against other Asian currencies making its export even cheaper.
