- 123jump.com Staff
- 27 Sep, 2007
- New York City
U.S. markets advanced on lower than expected claims for unemployment, share buybacks, and rising energy prices. Second quarter U.S. GDP growth rate was revised lower to 3.8% from 4%. Unemployment claims fell 15,000 at the end of the last week, but new homes sales fell by 8.3% in August. Energy and mining stocks rallied in the U.S. European indexes closed higher led by a rise in UK, France, and Germany. Brazil, India, Hong Kong, and Singapore closed at a record high.
- 123jump.com Staff
- 27 Sep, 2007
- New York City
London stocks closed higher 0.8% to close at 6,486.40 by financial stocks. Of the FTSE 100 stocks, 73 closed higher. UK home prices rose in September by 0.7% according to a report from Nationwide Building Society. Home prices added 9% from a year ago to 184,723 pounds. Northern Rock is in talks with J C Flowers, private equity group for a possible asset sale. British Air splits an order for 36 planes between Airbus and Boeing.
- 123jump.com Staff
- 27 Sep, 2007
- New York City
Sensex in Mumbai, India closed at a record high for the fourth day in a row. Industrials, financials, and IT companies led the advance. Of the 30 stocks i Sensex, 21 closed higher. East India Hotels have severed their ties with Hilton Hotels for its marketing and cobranding parnership. Tata Sons acquires a stake in Praj Industries. Rajesh Exports soars ahead of stock split. Bharat Heavy receives 750 crore rupees power plant order from the Steel Authority of India.
- 123jump.com Staff
- 27 Sep, 2007
- New York City
In Tokyo trading, Nikkei gained 2.4% to 16,832.22. The sharp rise in financial stocks helped the index. Three largest banks and real estate companies rallied as investors hoped that troubled U.S. credit market may stabilize in the near future. The talks of investment in Bear Stearns helped as well. Exporters gained as the BoJ board member suggested that the U.S. credit market trouble are not likely to hurt exports from Japan.
Resona Holdings led the gainers in the Nikkei index.
- 123jump.com Staff
- 27 Sep, 2007
- New York City
ASX 200 index gained 0.9% to close at 6,538.10 on a sharp rise in energy and metals mining companies. Mining companies rallied ahead of iron ore price negotiations. BHP Biliton, Rio Tinto, and Fortescue jumped with expectations that iron ore price may be raised by more than 30%. Australian dollar reached a two decade high against the U.S. dollar. Carry traders are exploiting yield differential between the U.S. and Australian short term government bonds.
- 123jump.com Staff
- 26 Sep, 2007
- New York City
Stocks in New York trading closed higher afer General Motors and its labor union agreed on preliminary details of healthcare fund. GM is likely to seed the fund with cash and securities worth more than $30 billion and potentially remove the liability of future expenses from its books. In economic news August durable spending fell 4.9%. Tech and financial stocks rallied in New York and Europe. Asian markets closed higher. Oil recovered and gold and copper fell. India closed record high.
- 123jump.com Staff
- 26 Sep, 2007
- New York City
FTSE 100 index in London trading closed 0.6% to 6,433. Financial stocks led the rally. The BoE auction for as much as 10 billion pounds did not attract borrowers. The auction for emergency loan is an attempt by the bank to provide liquidity in the financial systems. Second quarter economic growth in UK was reported at 0.8%, higher than the previous estimate of 0.7%. Of the FTSE 100 stocks, Northern led the gainers with a rise of 12% and DSG International led the decliners with a fall of 4%.
- 123jump.com Staff
- 26 Sep, 2007
- New York City
Indian stocks continue to advance on steady foreign fund flows, expectations of lower interest rates, and a decline in inflation. Government plans to offer 12,000 crore rupees bonds to refinery companies to cover the losses from selling fuel at below market cost. IT stocks rallied after Wipro booked an order of $150 million with Thamse Utillity.
- 123jump.com Staff
- 26 Sep, 2007
- New York City
New York stocks were lifted by the preliminary agreement between General Motors and the UAW. Dow, Nasdaq, and S&P500 traded 0.4% higher. August durable goods orders declined 4.9% to a seasonally adjusted to $219.53 billion. Borse Dubai in Nasdaq increased its offer for OMX. Red Hat reported 28% rise in revenue and profit by 59%. Crude oil price fell.
- 123jump.com Staff
- 26 Sep, 2007
- New York City
Stocks across the European markets traded higher led by financial sector. FTSE 100 in London and DAX index in Frankfurt are trading 0.5% higher. Invesco in London said that it will move its listing to New York. Deutsche Borse traded higher after target price revision from Credit Suisse. OMX shareholders received 15% higher offer from Dubai.
- 123jump.com Staff
- 26 Sep, 2007
- New York City
Stocks in Tokyo added 0.2% to 16,435.74 in Nikkei 225 index. August trade surplus soared on sharp rise in auto exports to China and Middle East. Exports to the U.S. edged 4.6%, to the EU increased 15.6%, and to China surged 23.8%. Auto exports to China soared 88%. Yen traded volatile. Retailers were in focuse after a deal between Yamada Denki and Kimuraya. Thailand, Philippines, and Indonesia added more than 1% in regional trading.
- 123jump.com Staff
- 25 Sep, 2007
- New York City
In New York trading tech stocks rallied with Apple and Research in Motion reaching new highs but retailers fell on warning from Target and Lowes. Existing home sales fell 4.3% in August from July and declined 13% from a year ago. Consumer confidence fell to a 20-month low. Copper edged higher. Oil fell below $80 per barrel. European markets closed mixed. India and Australia closed at record highs.
- 123jump.com Staff
- 25 Sep, 2007
- New York City
Stocks in London trading declined after miners and energy companies fell. FTSE 100 index closed 1.1% lower to 6,396.90. Pound after rallying for weeks edged lower against dollar and euro. BP fell after the company said that the earnings may be lower than expected. BHP fell despite reporting one of the largest discoveries of gold. National Grid led the gainers with a rise of 2.5% and Vedanta Resources led the delciners with a loss of 6.5%.
- 123jump.com Staff
- 25 Sep, 2007
- New York City
Stocks in the afternoon trading in New York are trading lackluster. Retailers declined after the release of consumer confidence survey and revised outlook from Target and Lowes. Maxim Integrated may be delisted from Nasdaq. Whirlpool and its union agree on contract details. Of the 500 stocks in S&P 500, 208 gained and 283 fell. Retailers led the decliners among the index stocks and Yahoo, Precision Capstone, and Gilead Sciences led the gainers.
- 123jump.com Staff
- 25 Sep, 2007
- New York City
Sensex in Mumbai trading closed higher but stocks in the broader markets were weaker. After a ten day rally in the index market appears to be ready for consolidation. ONGC Videsh has received license to drill oil in Myanmar and plans to invest $150 million in the project. HDFC Bank led the stocks in Sensex and Mahindra & Mahindra led the decliners in the index. Rupee fell against dollar to 39.80 rupee. The Reserve Bank of India reported foreign exchange reserve of $232 billion.