- Elena
- 31 Jul, 2007
- New York City
European stock markets rebounded from recent weakness to post their best one-day gains since the middle of March. Stocks were led higher by strong financial sector, as positive earnings and deal news managed to offset continued credit-markets concerns. Airlines also stood out among gainers. Ryanair jumped 11.6% and EasyJet climbed 12.9%. The U.K. surged 2.5% at 6,360.10, France jumped 1.9%, and Germany climbed 1.7%.
- 123jump.com Staff
- 31 Jul, 2007
- New York City
Sensex jumped above 15,500 on strong earnigs from several companies. Sensex jumped 12% in July. Reserve Bank of India raised its capital reserve ratio for banks to 7% from 6.5% to contain inflation. Market focused on earnings results and ignored the news in the early morning trading. Reliance communication earnings surged 77% on lower tariff. Bhel reported lower earnings but showed increase in order book.
- Elena
- 31 Jul, 2007
- New York City
U.S. market averages traded off earlier highs as investor cautiousness led to choppy trading. Better-than-forecast earnings from Dow component General Motors, Sun Micro and positive inflation data have been helping market to continue recovery. Other gainers on the Dow included, Altria Group, up 3.6%, Verizon, up 3%, Caterpillar and Alcoa, each rising more than 1.3%. Tobacco, utilities and real estate stocks posted strength.
- Elena
- 31 Jul, 2007
- New York City
Wall Street rallied at opening Tuesday, benefiting from stronger-than-forecast earnings from Sun Microsystems and Dow component General Motors, as well as news of tame inflation in June. The core personal consumption price index rose 1.9%, marking the lowest inflation in three years. However, June personal spending disappointed a little, showing a weaker-than-expected increase of 0.1%. The Dow Jones industrial average gained more than 100 points.
- Elena
- 31 Jul, 2007
- New York City
U.S. stock futures pointed to a second consecutive session of gains Tuesday, boosted by optimism over corporate profits after General Motors and Sun Microsystems released better-than-expected quarterly earnings. GM rose 6.4% on 27% adjusted profit rise in Q2, helped by overseas sales. Sun Microsystems rallied 10% after the company swung to profit of $329 million, due to reduced operating expenses.
- 123jump.com Staff
- 31 Jul, 2007
- New York City
European markets surged at half-time tracking the postive sentiment in New York close. Germant and UK led the market averages across the region. Top eleven markets jumped across the region. German unemployment fell more than expected. GlaxoSmithKline jumped 3% after U.S. FDA approved its drug for sale. Copper price and mining stocks are trading higher in London trading. Economic reports from Germany indicate that second quarter growth may match that in the first quarter.
- 123jump.com Staff
- 31 Jul, 2007
- New York City
Nikkei edged a fraction lower but for the month declined 5%. Unemployment in June declined to 3.7% from 3.8% in May. Investors shifted their focus to earnings from the volatility in the global markets. Nikon surged 5% and reprted net revenue gain of 29% after the close. Olympus surged 6% after reporting 147% rise in earnings. Mitsubishi Corp jumped 5% after the revenue increased 12% and earnings declined 18%.
- Elena
- 31 Jul, 2007
- New York City
The automotive giant posted Q2 increase to $891 million, or $1.56 per share, reversing from a loss of $3.4 billion, or $5.98 a share a year ago. However, company
- Elena
- 30 Jul, 2007
- New York City
European stock markets closed mixed Monday after a volatile session. Stocks were supported by gains in the chemicals sector and strong earnings which managed to offset continuous credit market concerns. ICI rose 7.2% after it rejected a second all-cash offer from Dutch chemicals group Akzo Nobel. Germany closed up 0.1% at 7,456.31, France ended unchanged and the U.K.''s fell 0.2% to 6,206.10.
- Elena
- 30 Jul, 2007
- New York City
U.S. stocks continued to trade in a lackluster fashion, as traders remained somewhat concerned about the outlook for the markets after the heavy sell-off last week. However, deal news and strong financial results at HSBC Holdings helped limit the downward trend. Computer hardware sector posted a notable decline, with Lexmark falling 4% and Apple losing 2.5%. Oil service, airline, and biotech stocks also came under pressure.
- 123jump.com Staff
- 30 Jul, 2007
- New York City
Late afternoon rally in New York lifted broader averages at close. European markets closed mixed and China led the rebound in the region. Oil fell but gold and other metals edged up a fraction. Ingersoll-Rand agreed to sell its construction vehicle business to a Korean conglomerate for $4.9 billion. HSBC reported that its first half income jumped 24% on 23% rise in sales. Ruling party in Japan lost its majority in the upper house election.
- 123jump.com Staff
- 27 Jul, 2007
- New York City
Market averages in New York closed at their worst level of the day on steep sell-off in the last ten minutes of trading. Earliers European markets closed lower by 1% across the region on continues worries of financing for the leverages takeovers. Baker Hughes reported lower than expected earnings. Manpower, staffing agency plunged 7%. Blackstone IPO plunged 5% and closed at a new low from its first day of trading. Tokyo closed down 2.4%, Korea and Taiwan plunged 4.2%.
- Elena
- 27 Jul, 2007
- New York City
European stock markets finished in the red for a third day in a row. Stocks traded in a volatile session, weighed down by credit-market concerns, sparked yet again by Cadbury Schweppes, which delayed the sale of its U.S. beverage unit. Worries about the worsening climate for financing corporate takeovers added to negative sentiment. After the biggest one-day sell-off in four years on Thursday, the U.K. closed down 0.6%. France followed suit, losing 0.6%, while Germany dropped 0.8%.
- Elena
- 27 Jul, 2007
- New York City
U.S. stocks continued to trade in a bearish mood, extending decline from the selloff in the previous session. Generally positive economic data, showing robust economic growth in Q2 failed to offset losses. Energy companies led decliners, with Chevron falling 1.6%, despite reporting a 24% jump in Q2 profit. Sell-off in financial shares continued on concerns that losses in the subprime mortgage market may spill over into the broader market. Citigroup lost 0.9%.
- 123jump.com Staff
- 27 Jul, 2007
- New York City
Sensex in India trading fell 3.4% reflecting similar losses in emerging and Asian markets. Real estate, auto, banks and metals stocks led the decline on heavy trading volume. Only three in 30 stock index managed to gain. Ballarpur Industries plans to transfer ownership of three companies to an overseas company. Bharti Airtel and Reliance Communication fell more than 3%. Software services exporters fell sharply along with auto makers.