- Ivaylo
- 25 Apr, 2007
- New York City
J Sainsbury was in the center of attention on Wednesday as fresh bids fueled its shares rally. Reports suggest that Qatar-based group Three Delta has bought 14% of the shares, but there has been no confirmation of this from it or from Sainsbury. Barclays is also going well despite being outbid for ABN Amro by Royal Bank of Scotland and its partners. By mid-day, the FTSE 100 was up 30.9 points to 6,460.4.
- Ivaylo
- 25 Apr, 2007
- New York City
Asian markets finished lower on Wednesday, as losses in Tokyo in export-related shares led regional stocks down. Declines in U.S. housing sales and consumer-confidence caused concerns over the outlook for the most important export market of the region. Sony in Japan and Samsung in South Korea were both down, while Canon bucked the downtrend and advanced.
- Elena
- 25 Apr, 2007
- New York City
U.S. stock futures advanced on Wednesday, pushed by better-than-anticipated durable goods orders and strong earnings reports from major companies. The Commerce Department said that orders for durable goods rose 3.4% in March to a seasonally adjusted $214.85 billion. Further boost to the market sentiment was given by robust corporate profits released by Amazon, Boeing, and Pepsi Co. Amazon.com jumped 15% in pre-open after the Internet retailer posted doubled Q1 profit on 28% sales rise.
- Elena
- 25 Apr, 2007
- New York City
A consortium of banks led by the Royal Bank of Scotland announced Wednesday it is planning to launch a rival bid to Barclays'''' offer for ABN Amro on the condition that the sale of ABN
- Ivaylo
- 25 Apr, 2007
- New York City
The benchmark index opened with a positive bias but soon traded in negative territory on weak technology stocks, hurt by the strengthening of the rupee. Short-covering, as well as interest in index large-caps in auto and pharma sectors, together with the surge in Reliance Industries, helped the Sensex end in positive territory. Ranbaxy was the best performing stock on BSE, while Infosys led the decliners. The Indian rupee rose to a nine-year high.
- Ivaylo
- 25 Apr, 2007
- New York City
European shares rose on Wednesday morning, supported by gains from ABN Amro after a bidding consortium said that they may pay around $100 billion for the Dutch bank and some well-received earnings from Siemens, Michelin and LVMH. Results from Siemens, Michelin and LVMH rekindled confidence that companies earnings growth remains on track. The U.K. FTSE 100 index rose 0.2%, the German DAX Xetra 30 index increased 0.6% and the French CAC-40 index advanced 0.5%.
- Ivaylo
- 25 Apr, 2007
- New York City
Corn futures closed substantially higher on Tuesday, drawing support from a lower-than-expected planting pace in U.S. Department of Agriculture weekly crop progress report, announced on Monday. Gold and silver futures also declined on Tuesday, while weaker U.S. economic data and technically oriented selling prompted a pullback in copper futures. In energy trading, all stocks finished lower save for natural gas which bucked the trend and advanced.
- 123jump.com Staff
- 24 Apr, 2007
- New York City
Stocks rose despite the housing data. U.S. consumer confidence fell significantly in April. AT&T fell 1.3% after it said first-quarter profit jumped 97%. Texas Instruments shares rose 7.9%. Chip makers National Semiconductor and Sandisk added 4.8% and 4.4% respectively. Alcatel-Lucent reported a sales decline, but shares rose 4.7%. Express Scripts rose 9.4%.
- 123jump.com Staff
- 24 Apr, 2007
- New York City
Stocks climbed as investors shrugged off disappointing housing and consumer confidence data to focus on a raft of stronger-than-expected quarterly earnings. Lockheed Martin, the nation''s largest military contractor, reported quarterly profit rose 17% from the year-ago period. AT&T reported profit doubled during the first quarter to beat Wall Street projections but shares fell. DuPont posted a 16% rise in first-quarter profit.
- Elena
- 24 Apr, 2007
- New York City
European stock markets finished in the negative on Tuesday, dragged down by sharp declines in Spanish construction stocks and weaker-than-expected U.S. consumer confidence and housing data. In Spain, shares of Sacyr Vallehermo slipped 7.8%, Acciona dropped 5%, Fomento Construction lost 6.8% and ACS fell 4.4%. The U.K.''s FTSE 100 slid 0.8%, the German DAX 30 dropped 0.9% and the French CAC-40 lost 0.5%
- Elena
- 24 Apr, 2007
- New York City
Wall Street advanced at opening on Tuesday, with the Dow Jones moving towards the 13,000 level, on well-received earnings outlook from chip giant Texas Instruments which surged 8.5%. IBM was the biggest gainer among blue chips, rising 3% after the company raised its quarterly dividend and increased its stock buyback plan by $15 billion. DuPont also supported the blue-chip average, rising 1.5% after its earnings topped expectations.
- Ivaylo
- 24 Apr, 2007
- New York City
London stocks swung from early gains on Tuesday as concern about the real estate sector in Spain weighed on the FTSE100 index. Yell plunged on a warning of slower than expected growth in the US while banks declined as the market questioned some of the cost savings projected by Barclays deal with ABN Amro yesterday. By mid-day trading, the FTSE 100 lost 51.2 points to 6,428.5.
- Ivaylo
- 24 Apr, 2007
- New York City
Asian markets closed mixed on Tuesday, with Japan edging lower on worries over increasing oil prices, while Hong Kong closing a bit higher on advances in the property sector. Crude-oil prices sent shares lower earlier in the day as investors worried about how higher motor-fuel costs might affect consumer spending in the U.S. China, South Korea and Taiwan finished also higher, while Australia ended lower.
- Elena
- 24 Apr, 2007
- New York City
U.S. stock market futures pointed to a higher opening Tuesday, boosted by gains in the shares of Texas Instruments and Alcatel-Lucent which managed to offset negative sentiment, generated by lowered sales forecast from Target and some caution from Juniper Networks. Texas Instruments surged 9.1% in pre-open trading after the microchip maker posted a strong outlook, saying that its business was improving after two straight quarters of falling sales.
- Elena
- 24 Apr, 2007
- New York City
Texas Instruments Inc. announced after the closing bell on Monday that its Q1 profit dropped 12% from a year ago, due to the sale of a business unit and weaker demand for its chips. The company said it earned 35 cents per share, down from 36 cents per share last year. Revenue fell to $3.19 billion from $3.33 billion a year ago. However, Texas Instruments issued a robust Q2 forecast and said its business is improving after two straight quarters of declining sales.