- Ivaylo
- 19 Mar, 2007
- New York City
Asian markets rallied Monday, with Japanese Nikkei 225 surging in the afternoon session as investors bought Advantest, NTT DoCoMo and other large-caps stocks on expectations of higher dividend payouts. The Shanghai Composite index in China reversed early losses to close higher despite the nation
- Elena
- 19 Mar, 2007
- New York City
U.S. stocks rallied at opening Monday, boosted by gains in overseas markets and several merger deals totalling about $10 billion. Hercules Offshore dropped nearly 10% after it said it agreed to buy Todco for $2.3 billion in cash and stock. Quanta Services gained 2.5%, following an agreement to acquire InfraSource Services for $1.26 billion in stock. ServiceMaster surged over 12% after it announced thatit will be bought by an investment group for $5.5 billion, including $1.02 billion in debt.
- Ivaylo
- 19 Mar, 2007
- New York City
The market opened with a positive bias and despite some instability in morning trade surged, especially in late session on fresh buying in select stocks like BHEL, ONGC and Reliance Comms. Short covering in the derivatives segment also boosted sentiment. Turnover was below average due to a bank holiday on account of Gudhi Padva. ITC and Hero Honda led the decliners. The Rajya Sabha passed the Appropriation Bill today.
- Elena
- 19 Mar, 2007
- New York City
U.S. stock futures pointed to a higher opening Monday, following a positive start for both European and Asian markets. In pre-market highlights, Nortel Networks dropped 2.7% after forecasting flat revenue. ServiceMaster soared 13% in the pre-open after agreeing to be bought by a private-equity consortium for about $5.5 billion, including about $1.02 billion in debt.
- Ivaylo
- 19 Mar, 2001
- New York City
European markets advanced Monday morning, as deal speculation boosted Dutch bank ABN Amro and tobacco company Altadis, while TUI gained as it agreed to merge its tourism operations with First Choice Holidays. ABN Amro rallied to a record after reports said Barclays Plc is in talks about buying the largest Dutch bank. Altadis soared, leading tobacco stocks higher. The U.K. FTSE 100 index rose 0.6%, the German DAX Xetra 30 Index rose 1% and the French CAC-40 index climbed 0.7%.
- 123jump.com Staff
- 17 Mar, 2007
- New York City
Peoples Bank of China raised interest rate for the third time in less than twelve months to curb rising asset prices and slow the economy. Chinese economy continues to grow at more than 10% above the governemet target of 8% and inflation of less than 3%. Third rate hike in interest rate may not be enough to slow the economy as long as record trade surplus persists.
- 123jump.com Staff
- 16 Mar, 2007
- New York City
Market averages closed lower on a day of volatile trading. Rising inflation and fallling consumer sentiment played a role in market sentiment. Industrial production rose 1% last month in the U.S. Banks and financial services stocks fell on worries of slowing economy and rising inflation. Manitowoc, Ann Taylor and Pacific Sunwear rose on earnings news. Stocks of financial exchanges declined after rising sharply a day ago. Hewlett Packard rose $8 billion share buy back. European markets gained.
- 123jump.com Staff
- 16 Mar, 2001
- New York City
Stocks fell as Wall Street wrestled with inflation data that was better than market expectations but showed prices continue to rise despite a slowing economy. The Federal Reserve reported industrial production increased 1% in February, well above the 0.3% increase analysts expected. Wal-Mart Stores is scrapping a plan to set up a bank after months of intense debate with federal regulators and in Congress over whether the retailer should be granted the added financial power of a bank.
- Ivaylo
- 16 Mar, 2007
- New York City
Asian stocks ended mostly lower Friday, with Japanese stocks dipping as investors struggled with U.S. market data and its influence on exports. Japanese export-related shares turned in a mixed performance. Sony ended in positive territory, while Toyota Motor failed to hold afternoon gains. All regional markets ended lower, only Taiwan bucked the trend and advanced.
- Ivaylo
- 16 Mar, 2007
- New York City
Although the benchmark index opened with a positive bias it soon plunged in to negative territory on intense selling pressure in bank, cement and engineering stocks. Strong showing in Reliance Industries helped the markket reduce losses but it still finished lower. Reliance Comms and L&T led the decliners today, while Tata Motors and Ranbaxy rallied. Higher than expected wholesale inflation rate also darkened sentiment.
- Ivaylo
- 16 Mar, 2001
- New York City
European shares traded lower early Friday with mining and metals stocks tracking a decline ahead of the release of key U.S. economic data on inflation and consumer confidence. BP and Royal Dutch Shell led a slide by energy companies. HSBC Holdings fell to the lowest since 2005 on concerns a U.S. mortgage crisis will spread to the rest of the financial industry. Broadly the German DAX 30 index fell 0.7%, the French CAC 40 index lost 0.7% and the U.K. FTSE 100 index gave up 0.6%.
- Ivaylo
- 16 Mar, 2007
- New York City
Stability in stocks spurred buying in gold and silver futures on Thursday. There was a bit of bargain hunting around in gold and silver futures supported by a stronger stock market and a weaker U.S. dollar helping to put a little bit of a floor under the gold price. Platinum also rose, getting an additional boost from tightening supplies. Copper gained, reaching its strongest level since Dec. 21. Energy stocks all closed down.
- 123jump.com Staff
- 15 Mar, 2007
- New York City
Market averages recovered in the afternoon trading on mergers in the US and Europe. Banking stocks index rose 0.9% after Bear Stearns said that sub-prime lending exposure is limited to 3% and profit rose 8%. CBOT Holdings Inc, WebEx Communications Inc and PHH Corp surged on buyout offers. Labor Department said the February producer-price index rose 1.3% and reported new jobless claims fell by 12,000 at the end of previous week. Cisco offers $3.2 billion for WebEx or $57 per share.
- 123jump.com Staff
- 15 Mar, 2007
- New York City
Stocks stayed afloat as signs of strength in corporate takeover activity, jobs and overseas markets allowed investors to stomach a sharp rise in wholesale inflation. There was a short pullback in stocks ahead of the Philadelphia Fed''s manufacturing index, which showed that the region''s growth slowed in March. Intercontinental Exchange made an unsolicited bid for $9.9 billion for Chicago Board of Trade. CBOT is in the midst of merging with Chicago Merc.
- Elena
- 15 Mar, 2007
- New York City
European stocks rallied on Thursday, boosted by deal talk, strong gains in the shares of resource stocks and strong earnings from Bayer. Tobacco stocks were the best performers on merger speculation. Imperial Tobacco rose 8.6% after it approached rival Altadis over a potential offer worth $15 billion. Shares in Altadis surged 17%. The German DAX 30 climbed 2.1%, the French CAC 40 rose 1.8%, and the U.K. FTSE 100 gained 2.2%.