- 123jump.com Staff
- 16 Nov, 2007
- New York City
Stocks in Japan fell on Friday and for the week. Nikkei 225 Index declined 1.5% for the week and lost 1.6% on Friday to close at 15,154.61. The Deputy Gevernor of the Bank of Japan said that the weakness in the U.S. housing market may hurt exporters in Japan but there are no signs of that for now. Real estate companies fell sharply after home sales fell in Tokyo.
- 123jump.com Staff
- 15 Nov, 2007
- New York City
U.S.stocks fell sharply in the late afternoon as worries related to housing market resurfaced. Wells Fargo issued a dire outlook for the housing market in the year 2008 and hinted that the prices may fall further. Barclays also revised its write-down of loans related to housing market. Housing, banking, and brokerage stocks fell sharply. European markets closed lower on the worries that the U.S. economy may slowing faster than anticipated.
- 123jump.com Staff
- 15 Nov, 2007
- New York City
U.S. stocks trended lower after thirty minutes of trading on inflation report and cautious outlook from J C Penney. October consumer price index rose 0.3% and core index excluding fuel and energy cost 0.2%. The initial claims of unemployment rose at the end of last week. JC Penney reported lower than expected earnings and lowered its earnings forecast for the fourth quarter. Barclays reported write-down in its sub-prime related assets.
- 123jump.com Staff
- 15 Nov, 2007
- New York City
Stocks in Mumbai, India traded lower a day after record one-day gain. Sensex fell 144.17 or 0.7% to close at 19,784.89 and CNX Nifty declined 0.4%. Trading volume on two exchanges reached a high of 30,000 crore rupees or $7.5 billion. International investors continue to pour money in the stock market while domestic investors cash out. Bharti Airtel, Reliance Capital, and L&T increased but IT and software services stocks declined. Rupee traded at elevated level.
- 123jump.com Staff
- 15 Nov, 2007
- New York City
Nikkei 225 index declined 0.7% to close at 15,396 but broader index Topix increased 1.2% to 1,498. Demand for services declined in Japan as factory orders declined. Demand for financial, wholesale, and communication services led the decline in overall services. Yen edged lower against dollar at trades at elevated level. Rise in oil lifted energy stocks.
- 123jump.com Staff
- 14 Nov, 2007
- New York City
U.S. stocks declined on a late-afternoon sell-off. Investors dumped department store stocks after Macys warned lower than expected revenue and same-store sales decline in the holiday season. Merrill Lynch appointed John Thain as its first outside head of the company. United Rental said that Cerberus will not carryout $7 billion buyout offer. Oil and gold rose sharply. Asian and European markets surged.
- 123jump.com Staff
- 14 Nov, 2007
- New York City
U.S. stocks open higher after a day of sharp rally that lifted market averages around the world. HSBC Bank increased its loan loss provision by $1.4 billion to $3.4 billion after releasing its trading statement. Bear Stears said that it will write-down its mortgage portfolio by $1.2 billion. October retail sales rose 0.2% after revised sales in September increased 0.7%. Oil and gold jumped 2%.
- 123jump.com Staff
- 14 Nov, 2007
- New York City
Sensex rebounded sharply on the back of a strong gains in New York close. Sensex in India surged 4.82% or 893 points to close at 19,929.In the last two trading sessions the index has increased 6.4% or added 1,191. ICICI Bank, State Bank of India, HDFC Bank, and Punjab National Bank surged. Steel Authority of India, Sterlite, and Hindalco advacned as metals stocks rallied.
- 123jump.com Staff
- 14 Nov, 2007
- New York City
Australian stocks closed sharply higher reflecting strengths in New York and in Asian markets. ASX 200 index gained 1.3% to 6,598.60. Financials, gold and steel, and infrastructure companies led the gainers. Qantas said that it plans to purchase 188 narrow body short haul planes to expand its service in Australia and Asia. Gold and steel stocks rose sharply on positive comments by brokers and executives at companies. Australian dolar rose against the U.S. dollar.
- 123jump.com Staff
- 14 Nov, 2007
- New York City
Stocks i Japan rebounded afte eight days of losses in a row. Nikkei 225 index closed up 2.5% to close at 15,499.56. Exports, energy, and banks led the gainers. Markets in Asia rose sharply across the region after commnets from financial executives of leading banks and broerages indicated that new exposure to sub-prime loan losses are limited. Market averages in New York jumped between 2.5% and 3.5% lifting averages across Asia. Global semiconductor sales are likely to rise 3.8% in 2007.
- 123jump.com Staff
- 13 Nov, 2007
- New York City
U.S. stocks rebounded shaprly in a broad rally led by financial and tech stocks. Nasdaq led the indexes with a rise of 3.5% followed by 2.9% increase in S&P 500, and 2.5% in Dow Jones. Comments from financial executives suggested that their loss exposure to troubled loans is limited in the fourth quarter. Oil dropped more than 3% on lower demand estimate for the year 2008. Wal-Mart earnings increased in the third quarter. Vodafone returned to the profitability. The BOJ left the rates unchanged.
- 123jump.com Staff
- 13 Nov, 2007
- New York City
U.S. stocks open higher with Dow Jones, S&P 500, and Nasdaq edging nearly 0.6% ahead. Wal-Mart reported 8.9% rise in sales and third quarter earnings rise of 7.9%. Domestic sales played a crucial role in earnings growth. Same-store domestic sales in the quarter, excluding fuel, rose 1.5%. Vodafone returned to profit on higher revenue at recently acquired mobile companies in India and Turkey. Oil declined. The Bank of Japan left rates unchanged to 0.5%.
- 123jump.com Staff
- 13 Nov, 2007
- New York City
ASX 200 index in Aust 0.9% to close at 6,515.20. Macquarie Group today reported a 45% surge in first half profit to more than $1 billion, underpinned by buoyant global equity markets and a strong flow of investment banking deals. Gaming and media group Publishing and Broadcasting Ltd said that a bid by its joint venture for Gateway Casinos in Canada has been approved by gaming regulators. Economists predict further rate hikes by Reserve Bank of Australia.
- 123jump.com Staff
- 13 Nov, 2007
- New York City
The economy in Japan advance at 0.6% in the third quarter on rising consumer spending, according to preliminary estimate by the Cabinet Office in Japan. The economy expanded at 2.6% in the third quarter, annualized, and annualized second quarter growth rate was revised downward to 1.6% from 1.2%. Surge in exports of 2.9% in the quarter to Asia and Europe helped the economic growth. The Bank of Japan left the rates unchanged at 0.5%.
- 123jump.com Staff
- 12 Nov, 2007
- New York City
U.S. stocks fell for the fourth day in a row on weak tech, energy, and resource stocks. Exxon Mobil, ConocoPhillips, Sunoco, Tesoro, and Chevron led the decliners in the energy sector. Google, Research in Motion, Apple, and SanDisk led the decliners in the tech stocks. E*Trade plunged 59% on the worries that the bank may not have enough resources to cover losses in sub-prime loans. Copper, gold, silver, and oil fell. Yen closed at 11-year high against the dollar.