- Elena
- 20 Aug, 2007
- New York City
U.S. stock futures predicted higher opening Monday, boosted by the favorable effect of the Fed Reserve''s move last week to cut its discount rate, hinting that it could reduce its key interest rate, too. Among companies in focus, Countrywide Financial reportedly began laying off staff involved in originating loans. Company''s shares traded up 6% in pre-open trade. Crude oil will also be in the spotlight.
- Elena
- 20 Aug, 2007
- New York City
The retailer earned $1.02 billion, or 67 cents a share, higher than $935 million, or 60 cents a share a year earlier. Quarterly revenue rose to $14.17 billion from $13.39 billion last-year same period. Lowe
- 123jump.com Staff
- 17 Aug, 2007
- New York City
Market averages in New York rebounded on the hopes that the Fed fund rates will be lowered after the cut in discount rate today. The Fed action to lower the rate by 50 basis points is expected to improve liquidity in the commercial paper and asset backed mortgage markets. The yields in the commercial markets are still above the Fed target rates. Stocks in New York and Europe rallied after the Fed action. Gold and oil jumped higher. Hong Kong reported faster than expected economic growth in q2.
- 123jump.com Staff
- 17 Aug, 2007
- New York City
In a volatile week in London, FTSE 100 index registered one day gain and loss 4-year record and closed up a fraction for the week. The index gained 3.5% today led by a rise in banking and mining stocks. Of the 102 stocks in the index, 100 gained and 2 fell after a day when all stocks in the index fell. Standard Life led the index stocks with a gain of 7%. Indexes in France and Germany gained but in that in sweden fell.
- Elena
- 17 Aug, 2007
- New York City
European stock markets rebounded from steep declines in the previous session to close notably higher Friday. Markets rallied after the Federal Reserve cut the U.S. discount rate by half a point to 5.75%, trying to ease concerns over liquidity. European financials surged after the announcement. London soared 3.5%, followed by France which gained 1.9% and Germany, rising 1.5%.
- Elena
- 17 Aug, 2007
- New York City
U.S. market averages kept trading higher but erased some of the earlier gains, with investors mulling over the impact of the Fed''''s move to cut its discount interest rate, trying to ease concerns over liquidity. Bank stocks were among the most notable gainers, with JP Morgan Chase Co. rising 3% and Citigroup, moving up 1.6%.
- 123jump.com Staff
- 17 Aug, 2007
- New York City
Asian markets closed sharply lower as investors dumped stocks. With the strength in the European markets, major indexes in Asia recovered some of the losses. Indonesia and Japan led the region with losses of 5.9% and 5.4%. South Korea dropped 3.2% and India closed 1.5% lower after opening with a loss of 4%. Hong Kong fell 1.4% but lost nearly 6%. Volatililty grippesd markets across the region.
- 123jump.com Staff
- 17 Aug, 2007
- New York City
Sensex in India plunged 4% at the opening but managed to recover in the afternoon trading. The volatility in the U.S. market inflicted damages to markets around the world. Sensex closed 1.5% or 216 points lower to 14,141.52. The index for the week lost 6%. Of the 30 stocks in the index 26 declined and rest gained. Software exporters led the declilners. Satyam Computer fell 6%, Infosys and TCS dropped 3%. Wholesale inflation declined to 4.05% for the week ending on August 4th.
- Elena
- 17 Aug, 2007
- New York City
Wall Street surged at opening Friday, recovering from the multi-year slump seen over the past week amid continuous turmoil in the credit markets. Market returned back to normal trading after the Fed Reserve reduced its discount rate on loans to banks by half a point to 5.75%, thus easing liquidity worries. The Dow Jones jumped over 300 points. European stocks also took relief on the news to achieve a substantial recovery of 3% in the positive.
- 123jump.com Staff
- 17 Aug, 2007
- New York City
Nikkei 225 Index fell to six-year low after plunging 5.4% or 874 points to 15,273.68. Export sensitive stocks led the decline in the market. Of the 225 stocks in the index, 200 stocks fell and only 23 managed to gain, 33 stocks fell more than 10%. Yen firmed to 111 against dollar. The Bank of Japan injected addditional 1.2 trillion yen of liquidity in the market.
- Elena
- 17 Aug, 2007
- New York City
U.S. stock futures rallied on Friday, recovering from steep losses in the previous session amid growing credit markets worries. The rebound followed an unexpected move by the Federal Reserve of reducing the discount rate by half a percentage point to 5.75%, trying to relieve investors'' fears about market liquidity. The Fed cut the rate that it charges member banks for loans.
- Elena
- 17 Aug, 2007
- New York City
The company said its earnings jumped 29% to $1.78 billion, or 66 cents per share, higher from the $1.38 billion, or 48 cents per share a year ago. Excluding one-time charges, HP earned 71 cents per share, beating the average analyst estimate of 66 cents a share. The tech giant reported 16% sales increase, totaling $25.38 billion. The stock edged down 0.11% in pre-market trading.
- 123jump.com Staff
- 16 Aug, 2007
- New York City
It was a volatile and wild trading in New York. Market averages fell quickly at the open and fell more than 2% by mid-day. In the last thirty minutes averages made a sharp reversal and recovered almost all the losses. S&P 500 managed to close higher but Dow and Nasdaq suffered fractional losses. European markers closed lower, led by 4.1% decline in the UK. Chile and Brazil lost more than 3%. In Asia, Korea and Malaysia plunged 7%.
- 123jump.com Staff
- 16 Aug, 2007
- New York City
FTSE 100 Index in London fell 4.1% as investors avoided mining and financial stocks. Of the 102 stocks listed in the index, all members declined. The steep decline in the index was widespread across the European region. Of th FTSE 100 stocks 30 stocks dropped more 5% and the rest declined between 1% and 4.9%. Antofagasta led the decliners with a loss of 11%. British Land lowered its earnings outlook and Royal Mail earnings fell on higher overhead.
- Elena
- 16 Aug, 2007
- New York City
European stock markets plunged Thursday, making the biggest one-day dip since the Iraq war. Stocks were dragged down by growing credit-market woes along with a heavy sell off in the shares of metals producers and financial services firms. Shares of asset manager Invesco dropped 6.5%, while Asian-focused bank Standard Chartered moved down 7.6%. London led decliners, down 4.1%, falling below the 6,000 level. France tumbled 3.3%, while Germany declined 2.4%.