123jump.com Staff
15 Sep, 2005
New York City
Well, gold is back in favor, and for good reasons. Federal deficit is likely to be higher, when one add up the cost of Gulf of Mexico rebuild, Iraq costs, airline bankruptcies driving pension obligations and ever rising oil prices. Twin deficits of trade and budget are here to stay and market is finally realizing that, even though averages do not reflect that yet. Bear Stearns earnings failed to impress market and Pier One stock rose 9% on earnings.
Elena
15 Sep, 2005
New York City
Government's report said that CPI climbed by 0.5% in August, in line with expectations. Core CPI rose 0.1% vs. expectations of 0.2%. The Labor Department said that the initial jobless claims rose to 398,000. The Federal Reserve Bank of Philadelphia revealed that its diffusion index of current manufacturing activity dropped to 2.2 for September compared to a reading of 17.5 for August.
Elena
15 Sep, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei up 1.2% on improved household confidence, while Taiwan's stocks lost 1.1% on raised interest rates. European shares were generally higher at mid-day on oil and mining stocks. Government's report said that CPI climbed by 0.5% in August, in line with expectations. Core CPI rose 0.1% vs. expectations of 0.2%. The Labor Department said that the initial jobless claims rose to 398,000.
Elena
15 Sep, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei up 1.2% on improved household confidence, while Taiwan's stocks lost 1.1% on raised interest rates. European shares were generally higher at mid-day on oil and mining stocks. Government's CPI report said that CPI climbed by 0.5% in August, in line with expectations. Core CPI rose 0.1% vs. expectations of 0.2%. Bear Stearns posted 29% income growth in 3Q.
123jump.com Staff
14 Sep, 2005
New York City
Retail sales for August were $350.1 billion, down 2.1% from July, but up 7.9% from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1% from July, and up 9.4% from one year ago. Industrial output for August rose only 0.1% on Hurricane Katrina's impact. U.S. industrial production increased 0.1% in August. New Orleans Port opens 2 of 27 terminals.
123jump.com Staff
14 Sep, 2005
New York City
Retail sales for August were $350.1 billion, down 2.1% from July, but up 7.9% from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1% from July, and up 9.4% from one year ago. Industrial output for August rose only 0.1% on Hurricane Katrina's impact. U.S. industrial production increased 0.1% in August, the Federal Reserve reported on Wednesday.
Elena
14 Sep, 2005
New York City
Retail sales for August were $350.1 billion, down 2.1 percent from July,but up 7.9 percent from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1.0 percent from July, and up 9.4 percent from one year ago. Industrial output for August rose only 0.1% on Hurricane Katrina's impact.
Elena
14 Sep, 2005
New York City
Asian-Pacific markets ended mostly up with the Nikkei down 0.5% and China's Shanghai Composite up at a five-month peak of 0.8%. European stocks enjoy steady trading at mid-day. Retail sales for August were $350.1 billion, down 2.1 percent from July,but up 7.9 percent from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1.0 percent from July, and up 9.4 percent from one year ago.
Elena
14 Sep, 2005
New York City
Asian-Pacific masrkets ended mostly up with the Nikkei down 0.5% and China's Shanghai Composite up at a five-month peak of 0.8%. European stocks enjoy steady trading at mid-day. Retail sales for August were $350.1 billion, down 2.1 percent from July,but up 7.9 percent from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1.0 percent from July, and up 9.4 percent from one year ago.
123jump.com Staff
13 Sep, 2005
New York City
Inflation worries on the reported wholesale inflation and stubborn trade deficit put market in the sell-off mode at the opening. Rise in oil price drove the July trade deficit rise of 12% from a year ago. The export rose 10% and import rose 11.3% from a year ago. Best Buy failed to win over investors and dropped 11% on lower earnings outlook for the current quarter.
Elena
13 Sep, 2005
New York City
Government data showed that wholesale inflation in July rose to $57.9 billion from $59.5 billion in June. Economists had expected inflation to have widened to $60.0 billion. The Labor Department report showed that the producer price index rose by 0.6% in August, following a rise of 1% in July.
Elena
13 Sep, 2005
New York City
The trade deficit in goods and services in July was $57.9 billion, down 2.6percent from June. Exports were $106.2 billion, up 0.4 percent, and
imports were $164.2 billion, down 0.7 percent from June.
Electronics retailer Best Buy sent the whole sector down 1.2% on disappointing earnings report and trades 9% lower at the opening.
Elena
13 Sep, 2005
New York City
Asian markets finished mixed with the Nikkei flat on recent gains and China's Shanghai Composite rising to a five-month high of 1.6%. European markets lost ground with the German DAX 30 down 1.7%. Nokia rose 5% on lifted 3Q earnings and sales outlook. Semiconductors led by AMD and SanDisk and FreeScale.
Elena
12 Sep, 2005
New York City
U.S. markets trade mixed on M&A news. Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion. eBay is buying Skype Technologies for $2.6 billion. The tech sector rose by 1%, together with the airline sector which was also up 1%. Energy and gold sectors declined.
Elena
12 Sep, 2005
New York City
Asian markets advanced led by the Nikkei up 1.6% at 12896.43 to a four-year high on Junichiro Koizumi's LDP victory and GDP growth by 0.8%. European markets traded higher at midday . Oracle agreed to acquire Siebel System at the total value of $5.85 billion. Wachovia agreed to acquire Westcorp for $3.42 billion. eBay is buying Skype Technologies for $2.6 billion.
