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  • Ivaylo
  • 14 Jun, 2007
  • New York City

Oil and gasoline futures rallied Wednesday after the government announced that the gasoline stockpiles were well below average for this time of year. Precious metals prices sank as the dollar strengthened. Copper prices rebounded to finish nearly 2% higher on the London Metal Exchange. In the agriculture market, wheat and corn prices rose while soybean prices retreated.

  • 123jump.com Staff
  • 13 Jun, 2007
  • New York City

Three popular averages in New York trading surged and closed at the best levels of the day. U.S. retail sales in May rose 1.4% sparking a rally in stocks. Bond yields traded lower on the data and a read on the economy suggested healthly gains in manufacturing and labor market with little inflation. May retail sales in China rose 15.9% lifting stocks in Shanghai. Brazil GDP advanced 4.3% in Q1 supporting a rise in steel and retail stocks. European markets closed higher led by mining stocks.

  • Elena
  • 13 Jun, 2007
  • New York City

European stock markets recovered from earlier weakness to close higher on Wednesday, boosted by strong opening on Wall Street and solid gains in the mining sector. Among mining stocks, shares in Lonmin climbed 4.8%, Vedanta Resources rose 3.5% and Rio Tinto gained 4.5%. The U.K. FTSE 100 advanced 0.6%, the French CAC-40 rose 0.6%, while the German DAX Xetra 30 finished virtually unchanged at 7680.76.

  • Elena
  • 13 Jun, 2007
  • New York City

U.S. market averages continued to post gains, as easing rate concerns helped generate positive sentiment. Retreating bond yields fueled a rebound in rate-sensitive shares including banks, utilities and home builders. Among utilities, shares of Edison International added 1%, while FirstEnergy gained 0.6%. Shares of chip makers reversed from yesterday''s losses, with Qualcomm leading advances on the Nasdaq with a 1.8%.

  • Elena
  • 13 Jun, 2007
  • New York City

U.S. stocks recovered from earlier weakness to open higher on Wednesday. Market sentiment improved on optimism about profit growth after strong retail sales in May indicated strength in consumer spending. The dollar rallied, reaching a four-month high vs. the yen and an 11-week high against the euro after the retail sales data. In addition, bond yields retreated from five-year highs.

  • Ivaylo
  • 13 Jun, 2007
  • New York City

London markets were higher by mid-day on Wednesday, despite gilt yields hit seven-year highs, following US benchmark bond yields and thus added to worries of higher corporate borrowing costs. A stronger mining sector and boyant Royal & Sun Alliance helped London recover most of its early losses. At mid-day, the FTSE 100 canceled out early morning losses and was trading up 0.07%.

  • Elena
  • 13 Jun, 2007
  • New York City

U.S. stock futures traded lower on Wednesday, following several weak sessions in a row and news that U.S. retail sales advanced 1.4% in May. This is the biggest gain in 16 months, coming in well above analyst expectations of a 0.7% increase. Consequently, the dollar continued its recent upward move. In addition, bond yields on 10-year Treasurys jumped 5.315%, up from 5.25% on Tuesday.

  • Ivaylo
  • 13 Jun, 2007
  • New York City

Most indexes in Asia finished lower on Wednesday with Japan falling as worries over increasing interest rates weighed on real-estate stocks, while HK dipped on a drop in property stocks. In South Korea brokerage companies surged, but could not support the market higher, while China continued its winning streak and gained for the seventh straight time. Australia declined as higher U.S. bond yields impacted the local market as well.

  • Elena
  • 13 Jun, 2007
  • New York City

Investors led by The Blackstone Group, Goldman Sachs, Kohlberg Kravis Roberts and TPG revealed their bid offer of $46 a share, or $11.4 billion, for medical devices maker Biomet. The offer and withdrawal rights expire at 12:00 a.m.ET on July 11.

  • Ivaylo
  • 13 Jun, 2001
  • New York City

The benchmark index was highly volatile Wednesday, going in and out of positive territory. Trading started on a positive bias, but slipped into negative zone as there appeared to be no fresh buying interest. The sell-off was broad-based and hurt mostly banks and capital goods sector. SBI and Reliance Comms were the worst performing stocks, while Dr Reddy

  • Ivaylo
  • 13 Jun, 2001
  • New York City

European stocks were lower on Wednesday on a number of factors including the sharp fall on Wall Street overnight. U.S. markets declined yesterday after yields on 10-year Treasury notes surged to the highest in five years, raising fears of rising interest rates, which would weigh on the demand for equities. Allianz and British Energy led declines by insurers and utilities, among the most sensitive to higher interest rates. Alliance & Leicester and Inditex gave Europe some relief.

  • Ivaylo
  • 13 Jun, 2007
  • New York City

Industrial metal prices sank on Tuesday with copper down more than 2% down on slowing demand from China. Chinese drop was expected though, as the country

  • 123jump.com Staff
  • 12 Jun, 2007
  • New York City

Bear market in bond market in the U.S. and worries of rising rates in Europe dragged averages lower on both sides of Atlantic. Weak treasury auction sparked sell-off. Asian markets gained on rising metals and energy prices. In New York oil and gold fell. Latin markets tracked lower averages in New York. Lehman Brothers reported 27% rise in income and lifted other brokerage stocks. Inflation in China and industrial production in India were reported above expectations.

  • Elena
  • 12 Jun, 2007
  • New York City

European stock markets closed down on Tuesday. Uncertainty about the direction of global interest rates continued to weigh on the sentiment, driving investors to sell banking shares. HBOS shares dropped 3.6% after it said its position in the U.K. mortgage market fell sharply in the first half of the year. Bradford & Bingley fell 2.3% and Northern Rock dipped 2.8%. The U.K.''s FTSE 100 dropped 0.7%, the German DAX Xetra 30 lost 0.4%, and the French CAC-40 fell 0.7%.

  • Elena
  • 12 Jun, 2007
  • New York City

U.S. stock market averages remained in the negative territory, as record-high bond yields and weakness in the tech sector weighed on sentiment. the downward trend was bucked by Lehman Bros shares, which advanced 2.2% on 27% profit increase in Q2. Boeing was the biggest decliner on the Dow, losing 1.2%. Alcoa, Merck and Hewlett-Packard also dragged the blue-chip average, each falling about 1%. Microsoft led decliners on the Nasdaq, miving lower by 0.7%.