- Ivaylo
- 22 Jan, 2007
- New York City
The combination of strength in other commodities and lower warehouse inventories pushed copper higher Friday. Gold and silver, too, got a lift from crude oil. Investors are talking about crude bouncing off the recent lows. That seems to be the leading commodity at this point in time. It appears that everybody is focused on the crude market. Arabica coffee futures setlled lower, while raw sugar advanced.
- albena
- 19 Jan, 2007
- New York City
The preliminary consumer sentiment index hit a 3-year high but didn
- Elena
- 19 Jan, 2007
- New York City
European stocks finished notably higher, as strength posted by construction stocks and solid gains for carmakers helped lead a broad market rally. French construction companies Vinci and Saint Gobain rose 6.4% and 3.7%, respectively. Shares of DaimlerChrysler rose 4%, Fiat rose 4.2%, and Renault shares gained 2%. The French CAC-40 rose 1.1%, the German DAX 30 index gained 0.9%, while the U.K. FTSE 100 index rose 0.4%.
- Elena
- 19 Jan, 2007
- New York City
Stock markets posted modest gains, as positive sales outlook from JDSU sent the tech communications firm 10% higher, helping to offset downbeat forecasts from blue chip stocks IBM and GE. Citigroup fell 0.6% after posting a 26% drop in Q4 profit. Motorola posted a 48% drop in Q4 profit as margins in its handset business collapsed. The company also said it would cut 3,500 jobs. The stock rose 3.5%.
- Elena
- 19 Jan, 2007
- New York City
The market witnessed an extremely volatile session, although it opened with a positive gap. Weaker-than expected Q3 results from Satyam Computer weighed on the benchmark index later. Investors resorted to profit-taking in pharma and tech stocks and the Sensex plunged. It later recovered to some extent on fresh buying in Reliance and ITC. Cement shares bucked the downtrend and advanced. Reliance Communications led the gainers, while Satyam led the decliners.
- Elena
- 19 Jan, 2007
- New York City
U.S. stocks opened near the flat line after quarterly profits from IBM and a conservative outlook from General Electric raised worries about corporate profits. In addition, Motorola Inc. said Friday its Q4 profits dropped 48% despite record sales. Net profit fell to 25 cents per share, down from 46 cents per share a year earlier. Revenue rose 17% to $11.8 billion, up from $10 billion a year ago and slightly above the $11.7 billion estimate.
- Ivaylo
- 19 Jan, 2001
- New York City
Large-caps in UK continue to drift just below starting point this morning. US futures pointing to a weak start on U.S. have worsened sentiment, with vague bid talk and broker comment still providing most of the excitement. Tate & Lyle remains a top advancer on reports that an equity group is considering tabling a bid for the group. Corus is higher on a likely improved bid by Tata Steel, while Mice Group plunged. The FTSE 100 was off 9 points, or 0.20%, at 6,198 in late afternoon in London.
- Elena
- 19 Jan, 2007
- New York City
Citigroup Inc. reported Q4 profit decline to $1.03 a share, down from $1.37 a share a year earlier, with revenue hitting a record $23.83 billion, up from $20.78 billion in 2005. The bank
- Elena
- 19 Jan, 2007
- New York City
International Business Machines said earnings in Q4 rose to $3.54 billion, or $2.31 per share, on revenue of $26.3 billion, well above the $2.19 per share and $25.7 billion in revenue expected by analysts.IBM''s services division posted 6% higher revenue than last year. The hardware-focused systems posted a 3% increase, while the software nit rose 14%. Despite the positive results, IBM stock was down 5% in pre-market trading.
- Ivaylo
- 19 Jan, 2001
- New York City
Asian markets closed mixed Friday, with indexes in Japan and South Korea declining as tech shares dipped in parallel with declines in tech stocks on US markets. The Chinese market rebounded from a two-day slump. In Japan, stocks ended lower on profit-taking in tech shares. In Australia, the stock market closed flat, while HK shares were led higher by index by large-caps.
- Ivaylo
- 19 Jan, 2007
- New York City
European markets opened lower on Friday as gains for construction and building groups were offset by falling technology stocks and utilities, although French construction group Vinci climbed in Paris. Markets were impacted negatively after technology stocks sank overnight on US market disappointing outlooks from computer group Apple and Lam Research. By mid morning, London FTSE 100 lost 0.3%, Frankfurt Xetra Dax fell 0.3%, and the CAC 40 in Paris shed 0.2%.
- Ivaylo
- 19 Jan, 2007
- New York City
Crude oil settled Thursday below $50 for the first time in 20 months, dragging other commodities with it. Copper plunged to an eight-month low. Gold and silver futures were also under pressure and slipped at the New York Mercantile Exchange. From the energy stocks only natural gas bucked the trend and advanced. Arabica coffee and raw sugar also followed suit and declined, while corn gained.
- albena
- 18 Jan, 2007
- New York City
U.S. stocks traded mixed late Thursday after the cautious guidance from Apple disappointed investors and hurt tech shares. The Dow was held back by the declining Intel, IBM and Hewlett-Packard. General Electric also slid after the news that it is about to buy the diagnostics unit of Abbott Labs. The other government data released today indicated a ramp-up in housing construction, a modest increase in consumer prices and an unexpected drop in jobless claims to an 11-month low.
- Elena
- 18 Jan, 2007
- New York City
European stocks closed mixed on Thursday, with weakness in the technology sector offsetting a rally in the automotive sector. The tech sector was undermined by Apple''''s cautious Q2 outlook in the U.S. and a 15% drop in the shares of Finnish IT services firm TietoEnator. Semiconductor stocks, including Infineon Technologies and software firm Business Objects also moved lower. Both the German DAX 30 and the French CAC 40 lost 0.1%, while London FTSE 100 added 0.1%.
- Elena
- 18 Jan, 2007
- New York City
The market experienced a volatile trading on Thursday, as profit-taking emerged after it struck an intra-day high. Reliance Industries reported strong Q3 results that buoyed the Sensex. Positive Q3 results from some mid-cap stock also supported sentiment, as well as strong overnight closing of Indian ADRs. HDFC and ONGC led the gainers, while the main decliners were Tata Steel and Reliance Energy. The government has delayed a meeting connected with Special Economic Zones.