- Ivaylo
- 12 Feb, 2001
- New York City
European markets declined in early trading on Monday, as travel companies plunged on oil price strength and with technology stocks and financials were lower. Metals producers were also down on concerns over possible interest-rate hikes, with a tour operator merger between MyTravel and Thomas Cook and Vodafone Group deal to buy an Indian mobile operator failing to boost sentiment. In early trade, Frankfurt Xetra Dax shed 0.7%, the CAC 40 in Paris lost 0.7% and London FTSE 100 slipped 0.3%.
- Ivaylo
- 12 Feb, 2007
- New York City
Gold prices surged to a six-month high Friday on the New York Mercantile Exchange as crude oil broke through the $60 mark and sparked a round of fund buying. During the day the most-active gold contract reached a six-month high of $674. Silver followed suit and advanced. April platinum probed an 11-week high and copper advanced to its highest level of the week. Crude oil futures rose to a five-week high.
- 123jump.com Staff
- 09 Feb, 2007
- New York City
Stocks turned lower as earnings season nears close, with oil prices above $60 a barrel and comments from Fed officials weighing on shares. Averages lost their morning gains on Fed inflation talk. As usual Fed talked tough but has been lax on fighting inflation. GM jumped 7% after Deutsche Bank upgraded the stock to buy from hold. Ford and Chrylser rose as well. Fortress Investment IPO gained nearly 90%. New Century Financial lost nearly 40% in two days.
- 123jump.com Staff
- 09 Feb, 2007
- New York City
Indexes face heavy selling on comment from Fed officials. Two Fed Presidents in prepared remarks said that rates will go higher if inflation stays stubborn. Bond market fell on the comments. Fortress Investment Group IPO soared more than 75% on the first day of trading. MasterCard warned that operating margins may come under pressure in 2007.Oil and gold rise as indexes fall.
- Elena
- 09 Feb, 2007
- New York City
European stocks gained ground on Friday, with DaimlerChrysler leading the automotive sector higher. DaimlerChrysler rose 3.2% after the automaker announced a deal to lower its stake in Airbus owner EADS from 22.5% to 15%. Oil and resources shares also provided support. Oil company BP added 0.6%, while miner BHP Billiton climbed 1.6%. The German DAX 30 gained 0.5%, the U.K.''s FTSE 100 rose 0.6% and the French CAC-40 added 0.5% at 5,692.45.
- Elena
- 09 Feb, 2007
- New York City
U.S. stocks lost direction in late morning trade. Investors weighed brokerage upgrades of giant automakers and the semiconductor sector along with earnings reports from companies like MasterCard and Gateway. Fortress Investment Group shares started trading 89% higher at $35, as the company became the first U.S. hedge fund and private equity group to go public. Fortress priced its IPO at $18.50 a share. The offering raised $634 million for Fortress. The stock was recently up 74%.
- Elena
- 09 Feb, 2007
- New York City
MasterCard said its Q4 net income exceeded expectations as strong consumer spending boosted transactions. The company posted quarterly profit of 30 cents per share, compared with a loss of 39 cents a year earlier. Revenue rose 17.2% to $839 million. MasterCard raised its quarterly cash dividend by 66.7%. The results drove shares of the compaany to an all-time high before tumbling 5%.
- Elena
- 09 Feb, 2007
- New York City
Upgrades for the Big Three automakers and a sector upgrade for the semiconductor industry boosted U.S. market opening. Ford Motor rose 3.6%and General Motors increased 5.1% after Deutsche Bank upgraded their stock on hopes for favorable healthcare negotiations. Citigroup upgraded Daimler Chrysler sending its stock 2.3% higher. Among chip stocks, Dow component Intel added 0.5%.
- Ivaylo
- 09 Feb, 2007
- New York City
The market opened strong Friday but soon slipped into negative territory as inflation figures were released. Trading was highly volatile and the decline was broad-based. Cement, telecom, capital goods, pharma and metal stocks were under heavy selling pressure. NTPC led the few advancers, while Satyam, ACC and Reliance Comm led the decline. Wholesale inflation was at two-year high. Bajaj Auto is to be divided into separate auto and financial entities.
- Elena
- 09 Feb, 2007
- New York City
U.S. stock futures traded near the flat line Friday, with investors digesting broker upgrades of the Big Three automakers and a jump by crude oil prices. Hedge fund operator Fortress Investment Group was also in focus, as the market awaited its first trading day after it priced its IPO late Thursday. General Motors rose 2.6% and Ford Motor climbed 4% after the car makers were upgraded by Deutsche Bank to buy from hold. DaimlerChrysler was upgraded to buy at Citigroup.
- Elena
- 09 Feb, 2007
- New York City
First Group said it will pay $35.25 a share for Laidlaw, the biggest school and intercity bus operator in the U.S. The deal represents an 11% premium to Thursday''s closing price. Shares in First Group gained 4.5% in London. Laidlaw shares jumped 8.8% in pre-market trading.
- Ivaylo
- 09 Feb, 2007
- New York City
European markets advanced Friday as stocks which were under pressure on Thursday shine today. Banks were at the forefront of the rally, now that the hiking of interest rates has been delayed until probably next month. ABN Amro led the advance in the banking sector. Other gainers included SEB and Alcatel-Lucent. Daimler Chrysler boosted the auto stocks. By mid morning, Frankfurt Xetra Dax added 0.7%, the CAC 40 in Paris gained 0.7% and London FTSE 100 climbed 0.8%.
- Ivaylo
- 09 Feb, 2007
- New York City
Gold futures surged on Thursday on Iran-related pressure, as the supreme leader of Iran, Ayatollah Ali Khamenei, threatened the US that Iran would retaliate should the country be attacked. Silver futures followed gold lead and also jumped, while platinum and palladium declined. All the energy-related stocks advanced with natural gas getting a boost on a storage report. Arabica coffee dipped to a two-week low, while raw sugar gained.
- 123jump.com Staff
- 08 Feb, 2007
- New York City
Stocks slid despite relatively solid January retail-sales reports, as traders weighed a warning on sub-prime lending from HSBC Holdings and disappointing results from Toll Brothers that resonated in the housing sector. Financial components weighed down the blue-chip average, with Citigroup and J.P. Morgan Chase both losing about 1% on the HSBC news. The Bank of England and the European Bank left interest rates unchanged. Coldwater Creek fell 5% and Quiksilver fell 10% on earnings news.
- Elena
- 08 Feb, 2007
- New York City
European stocks closed in the negative on Thursday, with investors digesting earnings news from major companies in Europe and a warning on U.S. provisioning from banking giant HSBC Group. Shares of HSBC Holdings slipped 1.5% after the banking giant said loan-loss provisions would be 20% above analyst estimates. The German DAX 30 lost 0.6%, the French CAC-40 declined 0.7%, and the U.K.''s FTSE 100 fell 0.4%.