- Elena
- 15 Feb, 2007
- New York City
European stocks held near multiyear highs Thursday, supported by gains for Belgian-Brazilian brewer InBev on merger speculation and Reed Elsevier on a plan to sell off a division. Shares of brewer InBev rallied 4%. Other beer producers also gained. SABMiller rose 1.9%, Carlsberg rose 2.7%, Heineken added 2.3% and Scottish & Newcastle moved 2.3% higher. Britain''''s FTSE 100 closed 0.2% higher, the German DAX 30 was flat at 6,958.62 and the French CAC 40 lost 0.1%.
- Elena
- 15 Feb, 2007
- New York City
U.S. stocks kept showing a mixed performance, with investors cautious on Fed Reserve Chairman''s second day of testimony to Congress and digesting mixed economic data. Caterpillar supported the Dow, rising 2% after its board announced a $7.5 billion stock repurchase plan. Qualcom gave the tech sector a boost with a 2.6% gain on brokerage upgrade to buy from neutral.
- Elena
- 15 Feb, 2007
- New York City
Wall Street opened mixed on Thursday, reflecting mixed earnings, a report about bad loans in the financial sector, and better-than-expected economic data. Caterpillar supported the Dow with a 2.6% advance on the back of $7.5 B repurchase plan. Retail shares slipped with Staples and Bed Bath & Beyond among the top decliners. Guess Inc. jumped 11% after the company posted a better-than-expected profit, announced a two-for-one stock split and set a quarterly dividend.
- Ivaylo
- 15 Feb, 2007
- New York City
The UK market slipped into the red after hovering around six-year highs on Thursday, with upbeat news boosting Diageo and Reed Elsevier, but ebbing away bid talk around Wolseley led to losses for the stock. Miners have come under selling pressure, overshadowing gains elsewhere. Pendragon was the main advancer among mid-caps on strong earnings results. In early afternoon, the FTSE 100 was down 0.11% at 6,414.
- Elena
- 15 Feb, 2007
- New York City
U.S. stock futures advanced on Thursday, bolstered by bigger-than-expected rise in manufacturing activity in the New York area in February and a larger drop in January import prices. The U.S. Labor Department said that prices for imported goods fell 1.2%, vs. expectations of a 1.1% drop. It was also reported that initial jobless claims rose 44,000 during the week ending Feb. 10 to 357,000, the highest level seen since late November.
- Ivaylo
- 15 Feb, 2007
- New York City
Asian markets finished higher on Thursday with Japanese shares surging to their highest level in almost seven years on strong economic growth, while HK stocks soared on the comments of U.S. Fed Chairman Ben Bernanke on Wednesday. Retailers led the advance in Japan as the consumer spending of the country was particularly upbeat. In China, institutions bought in large-caps while in Australia strong corporate earnings pushed the market higher.
- Elena
- 15 Feb, 2007
- New York City
China''''s leading Internet search engine reported earnings rise of 122.8 million yuan ($15.7 million), or 3.54 yuan (45 cents) per American Depositary Share, from 24.5 million yuan, or 0.71 yuan per ADS a year ago. The quarterly profit exceeded estimates for earnings of 32 cents per ADS.
- Ivaylo
- 15 Feb, 2007
- New York City
The market opened with a positive bias and rallied following upbeat Asian markets and strong performance of Indian ADRs overnight. The rally was broad-based covering small and mid-caps. Auto, IT, banking and metal sectors advanced. L&T, Satyam, Cipla and Hero Honda jumped. Ranbaxy and NTPC led the decliners. Wholesale inflation hit a two-year high. Citigroup plans setting up a $5 billion infrastructure fund in India.
- Ivaylo
- 15 Feb, 2007
- New York City
Results from french bank BNP Paribas, on Thursday, limited gains in Europe from fashion and luxury goods companies and automakers. Banks retreated taking their cue from BNP Paribas with Societe Generale and Credit Suisse also down. Auto maker Daimler Chrysler surged and so did tyre maker Michelin. By mid morning, Frankfurt Xetra Dax added 0.1%, the CAC 40 in Paris fell 0.1% and London FTSE 100 shed 0.2%.
- Ivaylo
- 15 Feb, 2007
- New York City
Gold futures advanced to a six-month high on Wednesday, boosted by a decline in the U.S. dollar caused by congressional testimony from Federal Reserve Chairman Ben Bernanke. Silver futures took their cue from gold and gained too. Platinum and palladium also rose. After hitting a two-week high, copper dipped. Energy stocks declined, except for gasoline, which bucked the downtrend and advanced. Arabica coffee and raw sugar gained.
- 123jump.com Staff
- 14 Feb, 2007
- New York City
Popular averages got a triple boost. The Fed Chairman said moderate economic expansion will continue and inflation is on the decline, Chrysler said it will cut 13,000 jobs, and Applied Materials and Deere reported better than expected earnings. DaimlerChrysler reported that Q4 net income fell 40% and announced plans to cut more than 13,000 jobs. Caterpillar rose 2.6%. Chip-equipment maker, Applied Materials rose 4.3% and Deere rose 10%. Financials and material sectors led the gainers.
- 123jump.com Staff
- 14 Feb, 2007
- New York City
Broader indexex continued to climb in the final hour of trading. The Fed Chairman in his speech suggested that economy will continue to grow at moderate rate this year and inflation is on the decline. Garmin profit doubled and stock rose 7%. Deere reported a profit rise of 31% on improved sales. First Solar jumped 25% on declaring a profit. SPSS jumped on 36% rise in operating profit. Daktronics fell 22% on lowered profit outlook.
- Elena
- 14 Feb, 2007
- New York City
European stocks ended higher on Wednesday, reaching new multi-year highs as autos, mining and technology stocks advanced. Fed Reserve Chairman
- Elena
- 14 Feb, 2007
- New York City
U.S. stock averages traded higher Wednesday morning, with the Dow hitting a new record high. Caterpillar, Microsoft, Intel Corp. and Verizon led the blue chips higher. Financial stocks like American Express, JP Morgan Chase & Co. and Citigroup also gained. Farm equipment maker Deere & Co. jumped 9% after it posted a bigger-than-expected Q1 profit on strong international equipment sales to $1.04 per share from 99 cents a year ago. The company also boosted its earnings outlook for the year.
- Elena
- 14 Feb, 2007
- New York City
U.S. stock markets opened on a positive note on well-received comments from Federal Reserve Chairman Ben Bernanke on inflation, easing concerns that the Fed might raise interest rates later this year. Chip equipment maker Applied Materials boosted tech stocks as it rose 4.3% after reporting tripled quarterly profit. Again in earnings-related moves, restaurant chain operator P.F. Chang''s China Bistro gained 9% although it reported Q4 profit drop of 5%, weighed down by higher costs.