- 123jump.com Staff
- 02 Jan, 2008
- New York City
U.S. stock averages lose nearly 1% after a weak manufacturing report for the month of December. Oil crossed $98 a barrel and gold traded above $850 level. Nasdaq led the decline in indexes with a loss of 1.5% followed by losses in Dow of 1.2% and in S&P 500 of 1.1%. Amazon.com rose 4% after an analyst at Citigroup raised its rating.
- 123jump.com Staff
- 02 Jan, 2001
- New York City
Sensex in India surged 0.8% on its first day of trading. Sensex rose 156 to 20,465.30. Of the stocks traded on BSE, 1,974 advanced, 934 fell, and 13 were unchaged. BSE and NSE registered nearly 32 thousand crore rupees or nearly $8 billion trading turnover. Reliance Energy surged 4% after the reports that its subsidiary is likely to offer shares in an IPO and raise nearly 10,000 crore rupees or $2.5 billion. HDFC sells stake in its insurance subsidiary to Standard Life.
- 123jump.com Staff
- 02 Jan, 2008
- New York City
Hong Kong stocks declined on the first day of trading in 2008 as investors worried on the direction of the U.S. interest rates. Hang Seng Index dropped 1.24% or 346.13 to 27,466.52. China Railway and China Communications rose more than 5% on the hopes that new construction activites will bolster revenue in 2008. Hong Kong properties stocks declined. Metals and energy stocks closed lower as prices of commodities in the region edged higher.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
The Sensex index in Mumbai traded rose 0.4% or 80.04 to close at 20,286.99. For the year 2007 Senssex rose 47.1%. Braoder index, CNX Nifty 50 rose 1% to close at 6,138.60 and for the year surged 55%. Reliance Communication and Idea Cellular gained in the session. Gold and silver rose in the session on the rising international prices. Bharti Airtel surged 5% after Temasek of Singapore led investor group plan to invest $1 billion in the infrastructure subsidiary.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
U.S. market index closed lower on the last day of trading in 2007, but for the year managed to rise. Nasdaq led the U.S. market averages with a rise of 9.8% followed by 6.4% rise in Dow and 3.5% in S&P 500. Brazil led the South American markets with a rise of 43%. China led the world indexes with a rise of 120% followed by 52% rise in Indonesia and 47% gain in India. Hong Kong surged 39%, its best year since 1999. Oil gained 60% and gold rose 31% in 2007.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
U.S. market index closed lower on the last day of trading in 2007, but for the year managed to rise. Nasdaq led the U.S. market averages with a rise of 9.8% followed by 6.4% rise in Dow and 3.5% in S&P 500. Brazil led the South American markets with a rise of 43%. China led the world indexes with a rise of 120% followed by 52% rise in Indonesia and 47% gain in India. Hong Kong surged 39%, its best year since 1999. Oil gained 60% and gold rose 31% in 2007.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
European markets eased on the last day of trading but for the year registered a weaker performance than 2006. Germany repeated its 22% gain in 2007 for the second year in a row but other markets rose less. UK rose 3.8% after rising 11% in 2006, France added 1.3% after gaining 17.5%, Spain increased 7% after surging 32% in 2006. Russia soared 27% on rising energy and metal prices in 2007. In Asia, China soared 120%, Hong Kong gained 39%, Indonesia surged 52%, and India advacned 47%.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
FTSE 100 index in London fell on the last day of trading but rose for the year. FTSE 100 lost 0.3% or 20 to close at 6,456.90 and for the year rose 3.8%. Banks, retailers, energy, and financial stocks declined in the session. Germany led the Western europe with a rise of 22% on a rise in industrial stocks. France edged 1.3% higher. The main index in Ireland fell 26% after rising on the back of ten year long economic expansion.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
U.S. stocks declined in the morning trading after the existing home sales report, rising oil prices, and weak financial stocks. Nasdaq and S&P 500 fell nearly 0.8%. Tracinda controlled by Kirkorian agreed to invest $684 million in Delta Petroleum. Merill Lynch and Citigroup are likely to accept another capital infusion from Middle East controlled funds.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
Australian stocks on the last day of trading closed nearly unchaged. in 2007, ASX 200 gained 12% in local dollar and added 25% in the U.S. dollar on rising mining and metals companies. Banks in Australia fell after the credit market turbulence in the second half of the year. Rio Tinto, BHP, and Fortescue were leading gainers in the ASX 200 Index. Australian dollar crossed 88 cents to one U.S. dollar and solid private sector credit data.
- 123jump.com Staff
- 31 Dec, 2007
- New York City
Hong Kong Stocks advanced on the last day of trading on the hopes that the U.S. will furhter cut its interest rates at the end of January. Hang Seng index increased 1.6% or 442.05 to close at 27,812.65. For the year 2007 the index surged 39%, fourth best performing market in the region. Property and bankk stocks closed higher. Markets in mainland China, Indonesia, South Korea, and Japan were closed. Karachi Stock Market Index fell 4.7% on its first day of trading after Bhutto was killed.
- 123jump.com Staff
- 28 Dec, 2007
- New York City
U.S.market averages traded sideways in the session after new home sales plunged 9% in November. Home prices declined as well. Dow Jones and S&P 500 closed up a fraction but Nasdaq declined a fraction. Oil and gold rose as commodities prices advanced in international markets. Former Prime Minister of Pakistan, Bhutto was laid to rest in her hometown. Nikkei 225 Index in Japan fell 1.6%. Germany led the European markets with a rise of 22% in 2007. Brazil led Latin manrkets with 43% gains.
- 123jump.com Staff
- 28 Dec, 2007
- New York City
UK stocks edged lower after a week of volatile trading. FTSE 100 Index declined 0.3% to 6,476.90 and gained 4% in 2007 after rising 11% in 2006. Germany led the western Europe with a rise of 22% and Russia gained 27% in 2007. UK home prices fell 0.5% in December to 182,000 pounds but still manage to gain 4.8% for the year. tighter mortgage conditions are likely to slow the home sales and values in 2008. St.Albans is the most expensive area in UK with average home price of 350,000 pounds.
- 123jump.com Staff
- 28 Dec, 2007
- New York City
Stocks in Europe were little changed ahead of the holiday weekend and as Germany traded for the last time in 2007. RTS Index of Russia led the European markets with a rise of 27% leading other markets in the western Europe followed by increase of 22% in Germany. France reported its third quarter economic growth of 0.8% on rising consumer spending and corporate investments. UK home prices fell for the secod month in a row but are still nearly 5% higher from a year ago.
- 123jump.com Staff
- 28 Dec, 2007
- New York City
Italian Finance Minister Tomaaso Padoa indicated that Air France-KLM will be selected as the preferred bidder for the sale of the national carrier Alitalia. After months of dragged bidding and lost investors interest the sale is likely to be completed in the second half of 2008. Air France -KLM valued the troubled and loss making carrier at half the current market cap.