- 123jump.com Staff
- 21 Sep, 2007
- New York City
Reliance group of companies dominated trading in Mumbai, India today. Several companies in the group logged more than 5% gain at the end of the day. Foreign investments flows in India surged to $11 billion at then end of July surpassing $9 billion for the year 2006. Ambuja Cements added 2% on huge trading volume. Jignesh Shah controlled company, receives approval for the first electric power trading exchange. Indian Rupee trades near peak against dollar.
- 123jump.com Staff
- 21 Sep, 2007
- New York City
Market indexes at the opening indicate 0.3% increase in Dow, Nasdaq, and S&P 500. Oracle reported revenue increase of 26% and earnings gain of 25%. Revenue in the quarter jumped to $4.5 billion. Nike reported revenue gain of 11% and earnings jumped 51% to $1.12 per share or $569 million. Oil and gold traded at elevated levels. Euro advances against dollar and now trades at $1.41.
- 123jump.com Staff
- 21 Sep, 2007
- New York City
In Tokyo trading Nikkei 225 index fell 0.6% to close at 16,312.61. For the week, Nikkei gained 1.2% and Topix advanced 0.5%. Sharp is in a deal with Pioneer Corp to buy 14% of the company. Pioneer will acquire 0.5% in Sharp. Misui Fudosan is in advanced stages of discussion with Cerberus Capital to buy its 33% stake in Imperial Hotel. Record oil prices lifter Inpex. Sharp rise in metals prices helped stocks of metals trading and mining companies.
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Stocks in London closed lower but metals surged in international trading. FTSE 100 index edged 0.5% lower on weakness in financial stocks. Northern Rock fell 28% after the UK governement said that all new depoist account will not be protected by the government. Alliance Leicester fell 8% on the news. Carnival led the gainers in the index with a rise of 7% on earnings. Miners Kazakhmys, Anglo American, and Antofagasta jumped on rising copper and zinc prices.
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Dollar declined to historic levels against several currencies lifting metals prices and stocks of commodities companies. Dollar fell to a three-decade low against Canadian dollar, fell below $1.40 mark against euro, and reached a nine-year low against Indian rupee. Goldman Sachs earnings jumped 79% and that at Bear Stearns fell 61%. ConAgra reported earnings rise of 10%. Nickel soared 10%, zinc jumped 5% and gold closed 1.4%. Oil closed above $83, record high for the fifth day in a row.
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Sensex in Mumbai, India trading gained 0.2% to 16,354.06, record close for the second day in a row. Turnover on two exchanges BSE and NSE was at elevated level. Rupee traded higher against dollar for the second day in a row, and reached a nine-year high to 39.76. Real estate stocks soared led by DLF and Unitec. Reliance Energy is planning to raise $12 billion to fund coal mine acquisition in Africa and Indonesia. Sofware exporters Infosys, Wipro, and TCS lost more than 2%
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Nasdaq Stock Market Inc, Borse Dubai, and OMX of Sweden have entered in a three way deal that can global impact in the world of financial infrastructure. The three way deal sells Nasddaq 28% stake in London Stock Exchange to Borse Dubai. Dubai will acquire OMX and sell its stake to Nasdaq and acquire 19.9% stake in the U.S. based exchange. The complex deal, though agreed, requires approval from the U.S. authority. Qatar, rival bidder for OMX is still considering to offer higher price for OMX.
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Bear Stearns earnings declined as market had expected. Third quarter earnigs declined to $171 million from $438 million. The revenue fell 37.5% to $1.3 billion from $2.1 billion a year ago. Net revenue in fixed income group fell 88%. Wealth management recorded negative earnings of $38 million compared to $233 million. Global clearing services revenue increased 30%.
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Goldman Sachs earnings jumped 79% on revenue increae of 63% to $12.4 billion. The strong revenue increases in financial advisory, investment banking, principal trading were reported. Underwriting revenue increased only 8%. Stock jumped $5 in pre-market trading. Separately Bear Stearns earnings fell 61%.
- 123jump.com Staff
- 20 Sep, 2007
- New York City
Nikkei 225 index edged up a fraction as weakness in consumer lenders and tech stocks closed lower. Land prices in Japan rose 1%, a first rise in sixteen years, and decline in residential prices slowed to 0.7% from 2.3%. The manufacturing survey indeicated that manufacturing companies plan to increase capital investment by 6.3%. Rising metal prices lifted stocks of metal trading companies. Japan steel production gained 3.7%.
- 123jump.com Staff
- 19 Sep, 2007
- New York City
Stocks in New York rallied for the second day in a row after aggressive rate cut by the Fed. European markets closed sharply higher and in the onvernight trading Asian markets surged. U.S. permitted Fannie Mae and Freddie Mac to increase loan portfolio by 2%. Oil closed at record level for the fourth day in a row. Higher price of copper and other metals lifted resource stocks.
- 123jump.com Staff
- 19 Sep, 2007
- New York City
Stocks in London rallied, reflecting global rise in markets. The surprise rate reduction, of 0.5% in the U.S.,lifted European and Asian markets. FTSE 100 index jumped 2.8% to 6,460 at close. Troubled lender Northern Rock fell 16% after speculations that the bank is likely to be acquired at a price lower than its book value. Oil traded higher in London. The Bank of England reversed its earlier stance and said that it is prepared to add 10 billion pounds in liquidity.
- 123jump.com Staff
- 19 Sep, 2007
- New York City
Sensex in Mumbai, India trading soared 653 points or 4.2% to close at record level of 16,322.45. The interest rate cut in the U.S. rocketed most indexes in India and across Asia. On a sharply high turnover stock rallied in financial, realty, and industrial sectors. of the thirty stocks in te BSE 30 index, every member closed higher. Infosys denied the rumors that it is in talks to acquire UK based Sage Group or France based Cap Gemini.
- 123jump.com Staff
- 19 Sep, 2007
- New York City
Stocks in Australia got a boost from a rate cut in the U.S. and no change in rate in Japan. ASX 200 Index gained 2.6% to 6,356.10. Australian dollar recovered 2.5% from the recent losses and managed to close at 85.43 cents to one U.S. dollar. The Australian dollar is expected to strengthen as dollar declines for the rest of the year. Yield on 2-year Australian note rose 1 basis point to 6.28%. Gold and metals mining stocks led the rise in index stocks.
- 123jump.com Staff
- 19 Sep, 2007
- New York City
Stock index futures in New York are indicating higher opening. Oil is trading near record level and gold in international markets traded higher. Asian markets surged across the region on 0.5% rate cut in the U.S. The Bank of Japan left the rate unchaged at 0.5%. Morgan Stanley reported 17% decline in earnings on 13% drop in revenue. India surged 4% leading the Asian region. European markets are up more than 2% across the region at mid-day trading. August CPI dropped 0.1%.