- 123jump.com Staff
- 20 Jul, 2007
- New York City
World markets declined a day after Dow failed to hold on to its record close at 14,000. New York averages fell after Google, Caterpillar and several bank earnings left investors cautious. Dollar fell against euro prompting worries that earnings of European companies are likely to suffer. Brazil and Mexico fell led by decline in telecom and industrial stocks. Hong Kong, India, and Korea closed at a record high. Shanghai surged with a gain of 4% and led the region.
- 123jump.com Staff
- 20 Jul, 2007
- New York City
New York averages declined by 1% with less than 30 minutes of trading on summer Friday. Treasury bonds managed to rise as worries in the subprime market continued. St Louis Fed President cautioned that subprime markets are serious but are not likely to slow consumer spending. AMD fell 1% after reporting loss of $600 million. SanDisk earnings fell but guided higher margin. Sherwin Willams stock fell after beating the estimates.
- 123jump.com Staff
- 20 Jul, 2007
- New York City
European markets closed lower on the worries that rising euro will hurt earings. Spain led the region with a loss of 1.8% after an insurance group decided to sell its stake in super charge homebuilder stocks. Spanish construction stocks have risen nearly three fold in three years on strong economic growth. Ericsson fell 5% on 12% rise in earnings but missed target. Cable & Wirelss fell 3.6% after Digicel filed a lawsuit. German banks with the exposure to the U.S. markets fell.
- 123jump.com Staff
- 20 Jul, 2007
- New York City
The central bank in China lifted interest rates on lending and deposits by 0.27% and cut tax rates to 5% from 20% on fixed deposits. The rate hikes were targeted to stabilize prices for food and energy and thwart the fast rising economy. China is expected to report fastest economic growth in 12 years and surpass third-largest German economy this year. Low interest rates have spurred 34% rise in retail sales, a bubble like returns in stock market, and rampant speculation in housing market.
- 123jump.com Staff
- 20 Jul, 2007
- New York City
Sensex in India scaled new high on steady fund flows from international investors and a rise in telecom and metal stocks. Relinance sold 5% stake in its telecom tower unit for $340 million lifting other telecom stocks. Firm metal prices lifted steel, zinc and copper stocks. Cements stocks bucked the trend and corrected. Larsen & Toubro jumped 4% on earnings. Wholesale inflation was reported unchaged at the end of July 7th.
- 123jump.com Staff
- 20 Jul, 2007
- New York City
Asian markets continued their advance supported by higher metals and oil prices and better earnings forecasts. LG Electronics surged 6% on a swing to profit in the second quarter lifting Korea to a record close. Steel makers lifted Japan higher. India jumped on telecom stocks. In Hong Kong financials and telecom stocks led the rally.
- 123jump.com Staff
- 20 Jul, 2007
- New York City
New York averages opened lower on the several earnings misses including that of Google, Caterpillar and Boston Scientific. Google fell 7% after reporting slower than expected earnings grwoth and Microsoft fell 3% on higher than expected charges stemming from Xbox. Ericsson profit jump 12% but miss the target. Asian markets closed higher. Gneneral Motors sales rise outside the U.S. Mixed earnings in europe lower indexes in the region.
- 123jump.com Staff
- 19 Jul, 2007
- New York City
World markets advanced on rising averages in New York. Better than expected earnings from banks, technology, industrial companies lifted Dow Jones average above 14,000. European markets closed higher on earnings from Roche and SAP. Vodafone adds 9.1 million subscribers. Asian markets advanced. Japanese yen traded at a record low against euro. India and Hong Kong close at record. Oil nears $76 per barrel and copper closes at record high. After the close Google and Microsoft drop on earnings.
- 123jump.com Staff
- 19 Jul, 2007
- New York City
European markets closed higher across the region, after three days of losses. Nickel, copper and precious metals advanced lifting mining companies. Food and consumer products companies including Danone, Uniliver, and Nestle advanced more than 2%. SAP, software maker, jumped 6%on earnings and better than expected rise in sales revenue in the quarter.
- 123jump.com Staff
- 19 Jul, 2007
- New York City
New York averages maintained an upwards bias with less than 90 minutes of trading left. Nasdaq Stock Market reported three fold rise in earnings on 30% gain in revenue. Man Group lists its brokerage division in New York but the stock priced at $30 fell nearly 10% in the early hours of trading. Asian markets gained after four days of sell-off. European markets closed higher on earnings from Roche and SAP.
- 123jump.com Staff
- 19 Jul, 2007
- New York City
London is higher this afternoon ahead of the US open, following upbeat results from IBM pointing to a strong start on Wall Street. Miners are leading the way as commodities rose, with Rio Tinto and BHP Billiton leading the way. Vodafone lifted sentiment on a sharp rise in subscribers. The benchmark FTSE 100 Index increased 1.19%, to 6,645 in early afternoon in London.
- 123jump.com Staff
- 19 Jul, 2007
- New York City
New York averages opened with a gain of 0.5% in Dow, Nasdaq and S&P 500. Better than expected earnings from IBM and banks lifted the trading sentiment. Continental reported sharply higher earnings beating the peers in the industry on expansion to international destinations. Avici surge 20% and Juniper Networks gain 10% at the opening on surge in earnings. Economy in china expands at 11.2% in the second quarter, fastest in 12 years. Dollar trades at historic low against euro and pound in Europe.
- Ivaylo
- 19 Jul, 2007
- New York City
Asian markets finished higher on Thursday as miners surged on higher copper prices. Financial stocks led the rally in Japan, while HK advanced on strong first-half economic results. Banks and LG Electronics boosted the market in South Korea, and Australia settled higher on banks and resource stocks.China was little changed as reports showed that inflation was the highest in three weeks.
- Ivaylo
- 19 Jul, 2007
- New York City
Sensex on a firm rally surged on buying in telecom, cement, energy, and auto sectors. Reliance Industries led the gainers, Infosys, Bajaj Auto and Tata Motors also rallied. There were only four decliners in the Sensex with Hindustan Unilever leading decliners. The Finance Minister said that India will continue its tight monetary policy in an effort to curb inflation. Tata Motors, Baja Auto, and Infosys are hunting for overseas acquisitions.
- Ivaylo
- 19 Jul, 2007
- New York City
European markets gained for the first time in four days as strong earnings from SAP boosted the indexes, while Vodafone advanced as it announced that it added more subscribers than expected. Miners were also upbeat on higher copper prices. The market in Finland was the only decliner, while all the other were in positive territory. Of the three major markets, U.K. FTSE 100 index gained 0.8%, while the German DAX 30 index rallied 1% and the French CAC-40 index advanced 0.8%.