- 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%.
- Ivaylo
- 19 Jul, 2007
- New York City
Gold futures advanced Wednesday after Federal Reserve Chairman Ben Bernanke said that inflation is still an issue to consider, and as the dollar extended its recent decline. Other commodity markets closed mostly higher, with sharp gains in energy prices and agriculture futures.
- 123jump.com Staff
- 18 Jul, 2007
- New York City
Sharp sell-off at the opening continued till the mid-day in New York -trading. Near 1% loss at mid-day left major markets in Europe with a loss of 1.5%. Falling dollar and oil above $75 did not help either. Weak earnings from Pfizer, Altria, and several airlines left most investors guessing earnings for the season. TAM Air lost 10% after one of its aircraft burst into flames and killed 200 people in Sao Paolo, Brazil.After the close, IBM reported increase of 8.6% in revenue and 12% in earnings.
- 123jump.com Staff
- 18 Jul, 2007
- New York City
Oii trades near $75 per barrel adding to the weakness in the trading in New York. Worries related to U.S. mortgage bonds, weak earnings from Pfizer, Altria and airlines left major averages with 1% loss. Germany, France and Swiss markets lost more than 1.5% in sympathy with the New York trading. Spain based Altadis, cigarette maker, agreed to a buyout from Imperial Tobacco for $17.91 billion. Ericsson received $2 billion contract from Bharti in India.
- 123jump.com Staff
- 18 Jul, 2001
- New York City
New York averages fell in the first thirty minutes of trading. Consumer price index for June was reported up 0.2% and housing starts for the month increaed 2.3%. However, housing permits declined 7.5%. J P Morgan earnings jumped on higher investment banking fees. Pfizer reported lower than expected earnings. Altria sales increased 9.7% but earnings edged up a fraction.