- Ivaylo
- 23 Apr, 2007
- New York City
London stocks were virtually unchanged in mid-day trade on Monday as banking stocks fell on concern that Barclays record offer for ABN Amro could spark a costly bidding war for the Dutch group. AstraZeneca has agreed to buy US biotech MedImmune in an all-cash deal which is expected to bolster the drug pipeline and portfolio of the company. The FTSE 100 was unable to hold opening gains, falling 0.1% with Barclays leading the decliners.
- Ivaylo
- 23 Apr, 2007
- New York City
Asian markets ended mostly higher on Monday, with Japan finishing slightly higher and Hong Kong closing a bit lower, while China soared on expectations that stock-index futures will be launched soon. Tokyo trading was relatively quiet as pessimism about corporate-earnings expectations for this fiscal year by Japanese companies countered earlier gains. Steel producer Posco led South Korean shares higher.
- Elena
- 23 Apr, 2007
- New York City
U.S. stock futures pointed to a robust opening, with the Dow expected to rise above the 13,000 mark for the first time Monday. The positive pre-market sentiment was generated by merger activity, as well as optimism about corporate profits. British bank Barclays PLC agreed to acquire Dutch bank ABN Amro for $91.16 billion in what would be the world''s biggest bank deal. In another deal, drugmaker AstraZeneca said it will buy U.S. drug maker MedImmune for $15.6 billion.
- Ivaylo
- 23 Apr, 2007
- New York City
The benchmark index opened with a postive bias and surged past the 14,000 level but momentum was lost in late session on profit-taking and the Sensex ended with a modest gain. The market-breadth was negative. Tata Steel led the advancers, while ITC was the worst performing stock. Arcelor Mittal has received approval from the US and Mexican competition authorities to acquire Sicartsa.
- Ivaylo
- 23 Apr, 2007
- New York City
Barclays agreed to buy ABN Amro in the largest-ever banking deal sending European markets to a six-and-a-half-year high Monday, supported also by favorable updates from Swiss company Novartis and Nestle. Novartis led drugmakers higher after posting first-quarter profit that topped expectaions. The German DAX Xetra 30 index rose 0.1%, the U.K. FTSE 100 index rose 0.1% and the French CAC-40 index increased 0.2% a morning after the first round of the French presidential election.
- Elena
- 23 Apr, 2007
- New York City
Barclays offered 3.225 of its shares for each ABN Amro shares, valuing the Dutch bank at 36.25 euros a share including a previously-announced 0.60 euros final dividend. The offer is a 33% premium to the price on March 16. A lot of analysts expect a rival to outbid the offer. ABN Amro shares climbed 1.1% to 36.70 euros in morning trading. Shares in Barclays lost 1.4% in London.
- Ivaylo
- 23 Apr, 2007
- New York City
Gold futures ended higher Friday, supported by overnight Asian buying and fresh investment interest after a downward correction Thursday. Platinum was perhaps the biggest advancer of the day in the precious metals market, with July platinum climbing on sustained anticipation of exchange-traded funds soon to be launched in Europe. In Nymex energy trading, crude oil futures expired Friday, surging sharply as traders covered oversold positions.
- 123jump.com Staff
- 07 Jan, 2008
- New York City
European markets dropped on a weakness in metals and mining sector, declining financials, and falling retailers. Marks & Spencer, Next, Kingfisher, and Sainsubury declined on the worries that retail sales in the holiday period were weaker than estimated. Credit Suisse and UBS declined after a local Swiss report suggested that new capital may be required in the banks. Credit Suissse dropped 2.6%. Xstrata fell 6% and BHP declined more than 3%.
- 123jump.com Staff
- 07 Jan, 2008
- New York City
U.S. stocks traded sideways as tempers rose with a near altercation between Iranian and the U.S. Navy. Three popular averages closed with fractional changes. Jeffries reported that it may have lost as much as $24 million in two trading accounts using funds. The Treasury Secretary Henry Paulson comments suggested that housing market slowdown may prompt a correction in economic grwoth. He stressed that the economy is still resilient. Crude oil fell on global economic worries.
- 123jump.com Staff
- 20 Apr, 2007
- New York City
U.S. averages rose on the bank of steady stream of positive earnings. American Express, Caterpillar, Honeywell, McDonalds, Pfizer and Google earnings supported market enthusiasm. China Citic Bank raised $5.4 billion in preparation of simultaneous listing in Shanghai and Hong Kong. European markets closed higher on merger talk between Societe Generale in France and Unicredit in Italy. Sony Ericsson profit doubled on rising sales of mobile handsets in Europe.
- 123jump.com Staff
- 20 Apr, 2007
- New York City
Averages in New York trading maintained gains in the late afternoon trading on positive earnings from American Express, Honeywell and Caterpillar. Caterpillar, American Express gained 4.5% and Honeywell advacned 5%. Google jumped after beating expectations with an increase of 3.4%. Oakley rose 13% and NVR jumped 10% on earnings.
- Elena
- 20 Apr, 2007
- New York City
European stock markets rebounded to close sharply higher Friday. The positive sentiment was generated by merger speculation in the banking sector, a bidding war for pharmacy chain Alliance Boots, and stronger-than-expected profit for technology group SAP. Shares in Societe Generale surged 7.7% on speculations that the bank is in merger talks with Italy''s UniCredit. Shares of UniCredit rose 3.9%. The German DAX 30 climbed 1.4%, and the French CAC-40 gained 1.9%, and the U.K. FTSE 100 rose 0.7%.
- Elena
- 20 Apr, 2007
- New York City
U.S. markets continued to post gains, benefiting from stronger-than-expected earnings from Dow members like Caterpillar, Honeywell, American Express which boosted the index toward its first assault on the 13,000 mark. The Nasdaq and S&P''s 500 were both at six-year highs. In deal news, the largest U.S. shoes retailer Foot Locker made an unsolicited $1.2 billion bid for Genesco to gain footwear chains including Journeys and Johnston & Murphy.
- Elena
- 20 Apr, 2007
- New York City
Honeywell International rose over 3% on better-than-expected Q1 profit and lifted full-year forecast. Among other earnings-related movers, American Express rose 3% after posting stronger-than-expected quarterly earnings.
- Elena
- 20 Apr, 2007
- New York City
U.S. stock averages posted solid gains at opening Friday, with the Dow Jones hitting another record high, boosted by a sharp rebound in Asian markets, upbeat earnings at Caterpillar and Google, as wel as an H&R Block deal to sell its mortgage lending unit. Caterpillar rose 5% after the company said its Q1 net income fell below the year-earlier level, but exceeded estimates.