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  • 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.

  • Ivaylo
  • 24 Apr, 2007
  • New York City

The benchmark index opened with a negative bias and dipped in morning deals on weak global markets. But after the Reserve Bank of India announced it will keep keep its policy rates unchanged this year, the market rallied. Banks, auto stocks led the rally with SBI the best performer, while tech stocks ended lower on the stronger rupee against the dollar. RBI left its benchmark overnight lending rate unchanged to support slowing economic growth.

  • Ivaylo
  • 24 Apr, 2007
  • New York City

European markets slumped on Tuesday, led by Spain Ibex index, as mounting fears over the financial stability of real estate company Astroc led to sharp falls in the property and construction sectors. Also, Alcatel-Lucent posted an operating loss and Yell Group said U.S. revenue growth will slow. In Paris, the CAC 40 fell 0.6%, Frankfurt Xetra Dax lost 0.9% and London FTSE 100 shed 0.7%.

  • Ivaylo
  • 24 Apr, 2007
  • New York City

Arabica coffee futures slipped to nine-month lows on the New York Board of Trade Monday, in spite of a forecast of a small Brazilian crop. Raw sugar in foreign ports slid to 21-month lows as funds sold, while gold and silver futures finished mixed, with neither making a big move since the dollar was steady. Copper bounced from early weakness to finish with a modest gain.

  • 123jump.com Staff
  • 23 Apr, 2007
  • New York City

Global deal making reached a new high with more than $125 billion of deals announced. U.S. stocks fell after oil prices climbed and concern mounted that home loan defaults will accelerate, overshadowing the biggest day for takeovers since 2000. Earnings news continued to roll in. Hasbro reported first-quarter profit amid strong performance across the toy product lines,stock rose 8.4%. Kimberly-Clark reported a 64% increase in quarterly profit and gained 7.8%.

  • 123jump.com Staff
  • 23 Apr, 2007
  • New York City

Stocks retreated as rising oil prices chilled investor enthusiasm for strong earnings reports and new takeover activity. Though the U.S. economy has been slowing and the dollar has been weakening, the takeover activity remains robust, giving investors reason to believe U.S. companies will keep finding ways to pull in profits. Whole Foods jumps to two-month high and Bausch & Lomb surges 8% on buyout rumors.