- Ivaylo
- 16 Oct, 2006
- New York City
The bank was in the focus of media attention over the weekend as speculation arose that it had rejected an approach for its Scottish Widows life assurance arm. Miners also supported the benchmark index on Monday afternoon, while upbeat broker comment has helped oil large-caps offset drifting crude prices. The FTSE 100 topped another five-year high, to 6,178.3, its highest level since June 2001.
- Elena
- 16 Oct, 2006
- New York City
U.S. stock futures slightly advanced Monday with investors focused on quarterly earnings, expected to determine whether the last-week rally would be extended or not. Wachovia Corp. posted Q3 profit rise of 13%, helped by higher fees and lending income. Net income rose to $1.17 per share, up from $1.06 per share, a year ago. Mattel, the No. 1 U.S. toy maker, said Q3 earnings rose 6%, lifted by 7% sales rise. Net income increased by 62 cents per share, up from 55 cents per share
- Elena
- 16 Oct, 2006
- New York City
The company will supply aerospace titanium mill products including ingot, billet, bar, rectangle, plate and sheet. The deal is expected to generate revenue of approximately $2.5 billion for the period starting from 2007 and ending in 2015 at base prices.
- Ivaylo
- 16 Oct, 2006
- New York City
The benchmark index Nikkei 225 in Japan advanced to a fresh five-month high, adancing nearly 1%. The Composite Stock Price Kospi Index in Seoul gained 0.6% as the imposition of sanctions on North Korea helped remove some the short-term uncertainty. Hong Kong also edhed higher, tracking U.S. market and the market in Taiwan ended higher as tech stocks gave shares a boost.
- Ivaylo
- 16 Oct, 2006
- New York City
Oil explorers, technology firms and Italian banks gained in early European market trading on Monday, although sentiment on the Continent was put off by disappointing earnings from Dutch consumer electronics giant Philips Electronics. By mid morning, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax was flat, and the CAC 40 in Paris was also little changed.
- Ivaylo
- 16 Oct, 2006
- New York City
There is some new money coming into the market from funds that have been sitting on the sidelines in Europe. Also, there has been a tremendous amount of buying coming out of India and Dubai. There is a resumption of some investment-fund interest in the market, which with higher energy prices, resorted to more commodity fund buying. It is probably a technical breakout.
- 123jump.com Staff
- 13 Oct, 2006
- New York City
September total retail sales fell 0.4%, excluding gasoline sales rose 0.6%. Consumer spending at elevated level. All four IPOs priced today had successful debut. SAIC, defense contractor rose 21%, Acme Packet surged 76%, eHealth gained 63% but UltraPetrol fell 5%. Defense Contractor SAIC is likely to rise further in the coming weeks. China foreign exchange cross $1 trillion.
- Elena
- 13 Oct, 2006
- New York City
European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil prices, helping to offset losses posted by cosmetics giant L
- Elena
- 13 Oct, 2006
- New York City
European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil prices, helping to offset losses posted by cosmetics giant L
- Elena
- 13 Oct, 2006
- New York City
U.S. stocks turned mixed in late morning trading Friday. A day after hitting an all-time high, the blue-chip index was dragged lower by losses at conglomerate General Electric and home improvement store Home Depot. Home Depot Inc. slipped 2.6% after a negative comment by Prudential Equity Group. At the same time, the tech-heavy Nasdaq was pushed to the upside, led by Apple Computer, rising nearly 1%.
- Elena
- 13 Oct, 2006
- New York City
Although the large-caps spurted leading the Sensex to its all-time high, the overall market-breadth remained negative. Small-caps and mid-caps suffered heavy selling pressure. Market sentiment was upbeat on expectations for robust second-quarter corporate earnings results. Reliance Communications led the rally, HDFC Bank and BHEL surged. Reliance Industries closed all time high. Bajaj Auto and Tata Steel led the decliners.
- Elena
- 13 Oct, 2006
- New York City
U.S. stock markets opened below the unchanged mark as investors reacted to a report showing an unexpected drop in September retail sales and an inline-with-estimates earnings report from General Electric failed to inspire. The Commerce Department reported 0.4% decline in retail sales last month, largely due to a 9.3% drop in spending on gasoline.
- Ivaylo
- 13 Oct, 2006
- New York City
With oils improving and most miners higher, the FTSE 100 is still trading in positive territories, despite losses in the banking sector. A rally for oil prices on Friday helped the energy sector higher, with BP and BG Group at the forefront of the advance. In the volatile mining sector, BHP Billiton and Kazakhmys also notched up considerable advances. At 2:22 pm GMT, the FTSE 100 was 24.60 points, or 0.40% higher, at 6,145.90.
- Elena
- 13 Oct, 2006
- New York City
Stock market futures were steady after industrial bellwether General Electric released in-line-with-estimate Q3 results. GE reported Q3 profit growth of 6% to 48 cents a share, up from 44 cents a year ago, boosted by strong orders across the company. Revenue climbed 12% to $40.86 billion from $36.37 billion. The company projected 2006 earnings in the range of $1.97 to $1.99 a share, above the expected $1.98 a share.
- Ivaylo
- 13 Oct, 2006
- New York City
Asian stocks surged on Friday, with the Nikkei in Japan closing at a five-month high as investors purchased Sony Corp., Toshiba Corp., and other blue chips. Shares in South Korea also hogged the spotlight after upbeat earnings reports from large U.S. companies boosted expectations of a strong showing by their Asian counterparts. Hong Kong, shares also ended higher ahead of Industrial & Commercial Bank of China initial public offering.