- Ivaylo
- 04 Apr, 2007
- New York City
Asian stocks ended in positive territory on Wednesday, spurred by a rally in the auto sector while stronger U.S. home-sales data and falling crude-oil prices cheered investors on the growth outlook in the region most important export market. Sydney advanced to a record close, bolstered by the central bank decision to leave its benchmark interest rate at 6.25%. Stock-market indexes advanced in Taiwan, South Korea, China, Singapore and Indonesia.
- Elena
- 04 Apr, 2007
- New York City
Chairman Zetsche said the automaker is in talks with unidentified buyers about a possible sale. However, according to reports, Canadian auto-parts supplier Magna International Inc. submitted a bid to buy the business for as much as $4.7 billion. In addition, Cerberus Capital Management LLC and a consortium of investors led by Blackstone Group are also expected to make bids.
- Ivaylo
- 04 Apr, 2007
- New York City
The benchmark index opened with a positive bias and rallied especially in afternoon trade. Banking, metals, pharma, sugar and offshore oil stocks advanced, while after a lackluster start cement shares managed to recover in late session. The surge of the rupee against the dollar accounted for the mixed trend in IT stocks. HDFC, NTPC and BHEL led the advancers today, while Hero Honda and Grasim led the decliners. The rupee breached 43 level.
- Ivaylo
- 04 Apr, 2007
- New York City
European stocks crept forward on Wednesday, with slight advances for autos and travel stocks countering a decline for Barclays and Northern Rock after a downgrade and a downturn for Alliance Boots. Energy stocks dipped as oil prices declined, giving rise to concern that earnings at BP and Total will drop. By mid morning, Frankfurt Xetra Dax added 0.2%, the CAC 40 in Paris was flat, while London FTSE 100 fell 0.1%.
- Ivaylo
- 04 Apr, 2007
- New York City
Speculators on Tuesday drove copper futures to their highest level since early November on robust demand, especially from China. Other influences driving up copper futures included a strike at a plant in Peru, as well as Congo suspending any new mining contracts with private companies while it reviews current deals mainly agreed upon from 1998 to 2003. Other metals also rose, particularly silver.
- 123jump.com Staff
- 03 Apr, 2007
- New York City
Stocks ended higher as an index of expected home sales rose and oil prices retreated amid signs the tension between Britain and Iran was easing. Toyota reported a rise of 11% in March sales. Ford Motor saw a 9% drop, General Motors suffered a 7.7% decrease and Chrysler reported a 4% slide in their sales. European and Latin American markets closed higher on the strength in New York trading. Brazil and Germany closed up 1.5%.
- 123jump.com Staff
- 03 Apr, 2007
- New York City
U.S. stocks surged on expectations of resilience in the housing market, with falling oil prices contributing to the rally. Airline stocks rocketed higher on the prospect of declining fuel costs, as well as a rise in Continental Airlines revenue per passenger. Homebuilders advanced after the rise in pending home sales. Pulte Homes rose 2.9%, Home Depot climbed 2.3%. European markets closed higher.
- Elena
- 03 Apr, 2007
- New York City
European stocks posted gains on Tuesday, helped by news that German utility giant E.On will abandon plans to buy Spain''s Endesa. Shares of Acciona rose 5.9%, Enel added 1.3% while Endesa eased 0.8%. The mining sector also provided support as copper prices advanced. Rio Tinto and BHP Billiton helping the resource sector to advance more than 2%. The German DAX 30 increased 1.6%, the French CAC-40 index rose 1.2%, and the U.K. FTSE 100 closed up 0.6%.
- Elena
- 03 Apr, 2007
- New York City
U.S. market averages posted solid gains in early trading, with the Dow Jones industrials adding more than 120 points. Stocks benefited from falling oil prices, as well as signs of improving housing market. Homebuilders rose after the rise in pending home sales. Pulte Homes rose 3.2%, KB Home rose 3.1%, and Toll Brothers gained 3%. Shares of online music seller Napster jumped 7% after announcing that its Q4 results will beat its own estimates.
- Elena
- 03 Apr, 2007
- New York City
U.S. stocks rallied at opening Tuesday, extending recent gains. Market sentiment was boosted by data showing higher-than-expected February pending homes sales, suggesting the housing market was stabilizing. A notable decline in crude oil prices amid easing tensions between the UK and Iran also gave a boost. Consequently, shares of oil companies moved lower, with Exxon Mobil losing 0.5%. Among other Dow components, Altria Group and United Technologies gained, up 1% each.
- Ivaylo
- 03 Apr, 2007
- New York City
Takeover speculation in the utilities sector helped the FTSE 100 higher on Tuesday amid talk of a possible bid for Scottish & Southern Energy. Miners are going well, led by Kazakhmys, Lonmin and Xstrata on better copper prices. Water utilities also made gains following an upbeat trading statement from Severn Trent. The FTSE 100 was up 0.45% to 6,344 in afternoon trade.
- Ivaylo
- 03 Apr, 2007
- New York City
Asian stocks ended higher Tuesday, with increases in corporate earnings and demand from securities funds driving China to a record close, while Japanese Nikkei average advanced on the auto and commodities-related sectors. Gainers included Sony and Nikon, while Honda led the autos higher. Hong Kong and Australia also gained.
- Elena
- 03 Apr, 2007
- New York City
U.S. stock futures indicated a higher opening, supported by a notable decline in crude oil prices. On Tuesday, automotive stocks are expected to be in focus as the U.S. automakers are due to release March sales figures that could help market extend yesterday
- Elena
- 03 Apr, 2007
- New York City
The commission claims that Apple and the major record companies like the joint venture between Sony and Bertelsmann, the Universal Music arm of Vivendi, Warner Music and EMI Group are limiting consumers
- Ivaylo
- 03 Apr, 2007
- New York City
The Indian benchmark index opened with a positive bias but trading was range-bound in morning session. The market gathered momentum in the early-afternoon session, held firm during the later part of the day, as buying was intense at the higher levels. BHEL and NTPC led the advancers, while Cipla and HDFC led the decliners. BHEL today announced a target of 10 billion dollars turnover by 2011-12.