- Ivaylo
- 17 Jul, 2007
- New York City
European markets declined modestly on Tuesday morning as a wave of earnings releases is eagerly awaited by investors, and as broker advice to sell four leading oil producers weighed on the sector. The subprime mortgage problem is also hurting banks. Deutsche Bank AG and Allianz led banks lower, while of dollar-sensitive stocks, Siemens slipped. All three major markets were lower with the U.K. FTSE 100 index off 0.4%, the German DAX index slipping 0.6% and the French CAC-40 index losing 0.3%.
- Ivaylo
- 17 Jul, 2007
- New York City
Gold declined slightly on Monday below a five-week high on technical sales, as the market was closely watching the descent of the dollar against the euro. Investors were wary ahead of Ben Bernanke
- 123jump.com Staff
- 16 Jul, 2007
- New York City
Mild gains in Dow stocks failed to lift other large caps and technology stocks on the first day of trading. Traders voiced optimism for the second quarter earnings as the season enters the busy period. Mattel reported 15% rise in earnings but Eaton earnings fell. Both stocks jumped 3%. European markets edged higher on takeover news. RBS raised cash portion of the ABN Amro offer to 93%. Asian stocks closed lower. Korean steelmaker Posco reported strong earnings. Brazil felll 0.5%.
- 123jump.com Staff
- 16 Jul, 2007
- New York City
European markets closed higher across the region, but a fraction. RBS raised its cash portion of the offer for ABN Amro for 11% higher offer than from Barclays. Spain led the region with a gain of 0.6%. Germany traded at a intra-day high. U.K. fell after largest platinum miner reported that the production will decline 14% this year. Lonmin declined 7%.
- 123jump.com Staff
- 16 Jul, 2007
- New York City
Averages in New York retained positive bias after 90 minutes in trading. IHOP jumps 10% on the takeover of Applebees. Dollar remains weak in international trading. Oil and gold edge up a fraction. Construction industry equipment stocks rallied on beter than expected earnings. Terex and Manitowoc lead the sector. European markets trade mixed but Germany hits record high. Brazil trades near record level.
- 123jump.com Staff
- 16 Jul, 2007
- New York City
Markets in New York traded higher on takeover news, falling dollar, rising crue oil prices and the start of earnings season. Applebees has agreed to be acquired by IHOP for $2.1 billion. McDonalds expects second quarter loss to be 60 cents. Euro traded at record high in Europe at mid-day trading. Korean steelmaker Posco, reported better than expected earnings. Ford is considering to sell Vovlo. Copper gains 1% in London trading.
- Ivaylo
- 16 Jul, 2007
- New York City
London fell for the first time in three days, led by Lonmin after the mining company announced it will delay the sale of as much as 90,000 ounces of platinum. Barclays led the advancers after Royal Bank of Scotland improved its offer for ABN Amro. In broker news, Royal Dutch Shell fell Monday as HSBC cut its rating on the stock. The benchmark FTSE 100 Index lost 0.3% at mid-day in London.
- Ivaylo
- 16 Jul, 2007
- New York City
Asian stocks finished mostly lower Monday with Hong Kong dropping from a record high and Australian market declining weighed down by mining firms BHP Billiton and Rio Tinto. Japanese markets were closed for a national holiday. In South Korea, the index dipped as banking stocks were hit by the slump in the U.S. mortgage market. Worries of another policy tightening weighed on stocks in China.
- Ivaylo
- 16 Jul, 2007
- New York City
The market exhibited a range-bound trading Monday and finished with a slight gain for the third straight session. Banking, real estate and cement stocks advanced, while IT and pharma shares declined. Reliance Energy and Bajaj Auto were the top performers, ACC led cement stocks higher. Wipro, Satyam, and Ranbaxy led the decliners. Jaiprakash Associates hired Barclays Capital to sell $400 million of convertible bonds to boost cement production.
- Ivaylo
- 16 Jul, 2007
- New York City
European markets rose on Monday led by financial stocks as Royal Bank of Scotland Group impoved its 71.1 billion-euro offer for the Dutch lender ABN Amro, trying to outbid Barclays. BT increased on broker comment, while Dutch company Philips retreated after its second-quarter net income and sales just missed analyst forecasts. Around the regions, the U.K. FTSE 100 index rose less than 0.1%, the German DAX 30 index climbed 0.1% while the French CAC-40 index gained 0.1%.
- Ivaylo
- 16 Jul, 2007
- New York City
Precious metals settled lower, despite the euro hovering in record territory and the weakness of the U.S. dollar which gave a lift to gold. Copper prices edged higher in London and New York, as decreasing inventories held by the LME and worker strikes at mines around the world outweighed concerns about potential oversupply in the Chinese market. Oil prices advanced on an International Energy Agency report forecasting an increase in energy consumption in 2008.
- 123jump.com Staff
- 13 Jul, 2007
- New York City
Market averages for the second day in New York closed higher. Nearly 2% rise in crude oil price lifted several energy stocks. June retail sales declined 0.9%. General Electric reported 13% rise in earnings on 12% gain in sales for the second quarter. General Electric, Amgen and Paychex increased stock buyback programs. In Asia, India, Indonesia, Korea, and Hong Kong closed at a record high. Germany and UK closed near seven-year high. Brazil and Mexico traded near record level.
- Elena
- 13 Jul, 2007
- New York City
European stock markets finished higher, lifted by strength in the shares of ASML Holding NV and Nokia Oyj. The gains followed a better-than-expected earnings report from semiconductor Samsung Electronics Co. ASML rose 1.7% and Nokia added 0.9%. German technology firm SAP added 1%. Germany advanced 0.5%, followed by the U.K. with a gain of 0.3% at, and France up 0.2%.
- Elena
- 13 Jul, 2007
- New York City
The U.S. market averages turned mixed in late-morning trading. The Dow and the S&P 500 extended the solid gains posted in the previous session, while the Nasdaq moved to the downside. Blue-chip stocks were led higher by strength in the shares of Alcoa. The aluminum giant continued recent advance, posting a gain of 4.3% after it announced it will withdraw its acquisition bid for Alcoa. General Electric added 2.3% after reporting better-than-expected Q2 revenues.
- Elena
- 13 Jul, 2007
- New York City
Wall Street started trading below the flat line Friday, reflecting profit taking after the record rally Thursday and a bigger-than-expected drop in monthly retail sales. General Electric failed to offset the negative sentiment. Dow component rose 2.8% after it announced it will exit its U.S. subprime mortgage business and lifted its buyback program to $14 billion. Among blue-chips Alcoa rose 2.6% after the aluminum giant withdrew its bid for Alcan, following a higher bid from Rio Tinto.