- Ivaylo
- 13 Oct, 2006
- New York City
In Europe, a number of banking stocks fell as investors resorted to profit taking. Banca Intesa and Sanpaolo IMI, prospective Italian merger partners, were both lower in spite of the boards of both companies approving the merger. French cosmetics company L''Oreal and some weakness in the resource sector helped also offset technology stock gains. By mid morning, the FTSE 100 in London was little changed, the CAC 40 in Paris was 0.1% lower and Frankfurt Xetra Dax also remained also flat.
- Ivaylo
- 13 Oct, 2006
- New York City
The energy markets have bounced back a bit. There appears to be limited downside in petroleum markets below the recent lows which might be helping gold stabilize. Also, the dollar is a little bit softer and the euro had risen late Wednesday, after the U.S. trade deficit reached another record. Palladium and copper bucked the upward trend and declined.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Market maintained positive trend right at the opening. Positive momentum generated from the rising earnings from Costco, Yum brands and Harley Davidson supported market advance. Market ignored the record trade deficit registered in the month of August. Trade deficit with OPEC and China registered one half of total deficit.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Market averages manitanied a positive bias when less than two hours of trading is left. Advancers led the decliners by a marging of two to one on NYSE. Costco gained on 8% on earnings news. Harley Davidson beat the earnings estimates of $1.10, stock jumped 2%.
- 123jump.com Staff
- 12 Oct, 2001
- New York City
Market averages traded higher and Dow crossed 11,900 for the first time on positive earnings news from McDonalds, PepsiCo and Yum Brands. PepsiCo reported 71% rise in earnings. McDonalds reported systemwide sales rise of 9.8% in September and said that its Q3 earnings will exceed market expectations. Yum Brands rose 8% with the profit rise of 12%. Costco reported profit gain of 1%. Harley Davidson reported earnigs gain 18%.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Trade deficit widened to $69.9 billion, $1.9 billion higher than in July. In August, the goods deficit grew $2.1 billion from July to $75.5 billion, and the services surplus rose $0.2 billion to $5.7 billion. Trade deficit with China was recorded at $22 billion and with OPEC at $11.2 billion. Deficit with Mexico, Canada, Brazil, Taiwan and Korea also rose.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Infosys led the earnings parade boosting the investors confidence. Lower but still robust industrail production data helped to boost market confidence. Auto, refinery, IT, metal and cement stocks led the advance. Reliance Industries also helped. Hindustan Lever and HDFC Bank led the decliners. India industrial production in August rose 9.7% from a year earlier.
- Ivaylo
- 12 Oct, 2001
- New York City
The FTSE 100 is on an upbeat mood this afternoon as British Airways took off and miners got a lift from higher metal prices. Miners cheered rising gold and copper prices, with Vedanta Resources, Xstrata, Rio Tinto and Lonmin standing out among the advancers.
British Airways is currently in the lead on lower crude prices and hopes that its pension dispute is close to being resolved. The FTSE 100 in London, by mid-day on Thursday, advanced 15.5 points, or 0.3%.
- Elena
- 12 Oct, 2006
- New York City
The broker said that the company is likely to become a potential acquisition target following the executive resignation announced on Wednesday. In addition, UBS told clients that as soon as McAfee has filed its financials, it could reinstitute its share buyback program.
- Ivaylo
- 12 Oct, 2006
- New York City
South Korea led the advance as investors pursued LG.Philips LCD, Hanjin Shipping and other blue chips. South Korean retail investors were back to the stock market, lifting the benchmark index. Japan dipped as banking and pharmaceutical shares showed weakness. In Hong Kong, shares ended almost flat, while Australia, Taiwan and Shanghai slipped. In Australia, shares closed lower on Thursday in spite of acquisition talk in several sectors.
- Ivaylo
- 12 Oct, 2006
- New York City
Truckmakers rose on the heels of strong performance from takeover target Scania, which repeated its rejection of the offer of MAN. Scania reported a 31% growth in nine-month pre-tax earnings owing to a near-15% increase in revenues over the period. Technology shares also helped counter earnings-related weakness from French supermarket company Carrefour. By mid morning, the FTSE 100 in London climbed 0.3%, Frankfurt Xetra Dax rose 0.2%, and the CAC 40 in Paris added 0.4%.
- Ivaylo
- 12 Oct, 2006
- New York City
Traders weighed the value of the precious metal as a defensive investment against a backdrop of weaker oil prices and threats of more nuclear tests from North Korea. With international tensions rising, gold for December delivery climbed but failed to pass $580 an ounce on the NYME. If gold does indeed deserve to close out the year on a higher note, it will do so only after having proven to its faithful that it does retain its security blanket attributes.
- 123jump.com Staff
- 11 Oct, 2006
- New York City
Market averages remained subdued as investors faced lower than expected earnings from Alcoa, Genentech, Monsato and Legg Mason. Genentech profit rose 58% but missed revenue target. Legg Mason lowered its earnings range to between 96 cents and $1.02 missing Wall Street estimates of $1.06. Legg Mason fell 17%. Monsato reported wider loss in the fiscal fourth quarter. CNET, online publisher, said that its CEO, general counsel and head of human resources have resigned. The stock fell 7.7%.
- Elena
- 11 Oct, 2006
- New York City
Stocks remained under pressure in morning trading. Market sentiment was hurt by a disappointing profit, released by Alcoa at the start of the third-quarter earnings season. The stock slipped nearly 6%. Monsanto Co. posted wider Q4 profit loss due to weaker sales and projected 2007 profit below analyst estimates. The company''s shares fell 5%.
- Elena
- 11 Oct, 2006
- New York City
The Sensex closed almost flat Wednesday as late-hour pressure on large-caps helped the benchmark index recover earlier losses. Intense selling in small and mid-cap stocks with a negative bias in a volatile session with IT stocks dominating trading. Infosys led the advancers as it reported stronger than expected quarterly results. Ranbaxy, lead the decliners.