- Ivaylo
- 25 Sep, 2006
- New York City
Asian stocks were mixed Monday, with indexes recovering in afternoon trading after upbeat Japanese vehicle-export data boosted shares of Toyota Motor Corp. and its peers. Hong Kong dropped while Australia benchmark index edged higher. The Weighted Index in Taiwan advanced, while shares listed in Singapore and Malaysia traded flat. Morgan Stanley warned that the Hang Seng Index could be hurt by insufficient liquidity during the runup to Industrial and Commercial Bank of China IPO.
- Ivaylo
- 25 Sep, 2001
- New York City
Oil dropped below $60 a barrel after BP announced on Friday it will raised production from its giant Prudhoe Bay oil field in Alaska to near full capcity in about a week, after obtaining approval from US pipeline regulators. A continuation of health-care sector consolidation including Schwarz Pharma climbing after a deal to be bought by UCB also buoyed the markets. The FTSE 100 in London added 0.4%, while the Xetra Dax in Frankfurt was up 0.9% and the CAC-40 in Paris rose 0.7
- Ivaylo
- 25 Sep, 2006
- New York City
On the NYME, gold continues to take cues from the U.S. dollar and fluctuating oil prices. During the session the contract reached a weekly high of $598 an ounce but faced strong resistance up to the psychologically important $600 level. The short-term gold remains within the $570-$595 range and will continue to take cues form the dollar and oil prices.
- 123jump.com Staff
- 22 Sep, 2006
- New York City
Market averages fell as oil rose, bond market advacned and metals prices rose during the day. For the second day of the week in a row market worried on the possibilities of economic slow down. European and Latin Markets fell on the weakness in the trading in New York. Retail, tech and bio tech stocks sold-off. Latin American ADRs traded lower and European mining stocks retreated.
- Elena
- 22 Sep, 2006
- New York City
European markets closed Friday trading session deeply in the red, tracking Wall Street losses amid worries of U.S. economic slowdown. Software maker SAP and chip maker Infineon Technologies fell 2% each. The German DAX 30, the French CAC 40, and London FTSE 100 slipped 1.3% each.
- Elena
- 22 Sep, 2006
- New York City
Concerns that slowing economic growth would hurt corporate profits kept stocks in the negative territory Friday morning. Texas Instruments rose 1.8% after its board approved a plan to buyback an additional $5 billion of its stock. Halliburton Co. gained nearly 1% after the company boosted its share-repurchase program by $2 billion.
- Elena
- 22 Sep, 2006
- New York City
The market surged for the third week in a row, despite its decline today. Dropping crude oil price, strengthening of rupee, strong inflows from foreign funds and hopes for robust earning results helped the index. The Sensex remained in negative territory today due to profit-taking resulting from weak Asian markets. Reliance Industries surged, together with Grasim and Reliance Communications. Software declined. High Court in India on Friday lifted a state ban on Coca-Cola and PepsiCo drinks.
- Elena
- 22 Sep, 2006
- New York City
Stocks opened weak Friday, dragged by growing pessimism about economic growth amid warning from KB Home that housing market is slowing down. Fallout of a congressional probe into Hewlett-Packard also weighed. Boston Scientific fell 10.4% after the medical devices maker warned that revenue is likely to miss analyst expectations.
- Ivaylo
- 22 Sep, 2006
- New York City
Hanson was among the few FTSE 100 stocks in positive territory on Friday as the London market erased a large chunk of its recent gains. The FTSE 100 shed 46.3 points, or 0.8%, to 5,850.4, tracking a weak close on U.S. markets. Profit takers are out in force after disappointing US economic data yesterday. Only five FTSE constituents are showing gains at present. BP and BG Group managed to buck the weak market trend.
- Elena
- 22 Sep, 2006
- New York City
Stock futures looked poised to a lower opening for a second straight session after KB Home warned of unfavorable conditions in the housing market. This added to worries about economic growth from the previous session when an unexpected negative reading of a Philadelphia-area manufacturing survey hit U.S. stock markets.
- Elena
- 22 Sep, 2006
- New York City
The company said Q3 net earnings are expected to come in the range of a penny and 5 cents a share. On an adjusted basis, Boston Scientific forecast earnings of $230 million to $290 million, or 15 cents to 19 cents a share. Analysts are expecting Q3 per-share earnings of 16 cents a share, on average. The company said Q3 net sales were seen between $1.97 billion and $2.035 billion vs. an average forecast of $2.175 billion.
- Ivaylo
- 22 Sep, 2001
- New York City
Exporter shares such as Hyundai Motor of South Korea and camera maker Canon Inc. pressed Asian markets lower Friday, following a decline in U.S. markets supported by data suggesting the American economy may be slowing faster than anticipated. Exporters, whose earnings are sensitive to U.S. economic conditions, registered some of the heaviest losses in Tokyo. China Merchants Bank bucked the downtrend, however, and surged 25% on its first day of trading.
- Ivaylo
- 22 Sep, 2006
- New York City
European stock markets fell on Friday after a surprisingly weak Philadelphia-area manufacturing survey put fuel on recession fears across the globe. Technology and travel stocks were among lead decliners in morning trade, while Altana bucked the downtrend after its agreement to sell its pharmaceutical division. The FTSE 100 dropped 1% to 5,835.5, the Xetra Dax in Frankfurt fell 1.1% to 5,898.07 and the CAC-40 fell 1% to 5,154.11.
- Ivaylo
- 22 Sep, 2006
- New York City
Gold closed higher but was unable to break out of the trading range on Wednesday. It was twisting and turning near its lows for the day and we are seeing support around the $575-$576 level but there is strong resistance near $600. In the short-term, gold will remain restrained on the upside by fund and central bank selling. The silver market seemed to settle in better shape than gold as the December contract did push above Wednesday session high.
- 123jump.com Staff
- 21 Sep, 2006
- New York City
Market averages could not shake off the selling sentiment that gradually strengthened during the trading hours. At close Dow, Nasdaq and S&P 500 fell. HP fell close to 5% on the worries that CEO may have played bigger than anticipated role in a recent scandal involving board members. Wal-Mart launched a pilot program to offer generic drugs at a cheaper price for 300 drugs. Oil recovered 1.4%. Thailand dropped 4% at opening but closed 1.4% lower.