- Ivaylo
- 04 Sep, 2006
- Metals
Copper prices gained slightly on Friday in spite of the end of a strike by miners in Chile, as traders settled positions before the three-day Labor Day weekend. Gold and silver futures closed slightly mixed after early weakness. Some of the rebound was linked to a reluctance to be short before the weekend, due to some of the ongoing tensions in the Middle East.
- 123jump.com Staff
- 01 Sep, 2006
- New York City
Light trading volume and non-farm payroll datadominated trading environment in the session. Market averages rose in the monring and mainted the upward bias for the day. The three popular indexes closed near the high for the day. GM reported 3.9% rise in auto sales in August and sales at Ford dropped 12% and at Chrysler dropped 4.2%. August payroll rose at a moderate rate but July construction spending dropped 1.2%. Brazil stock market index surged 3%.
- Elena
- 01 Sep, 2006
- Frankfurt
European markets finished at a three-month high on Friday, supported by well received U.S. job-creation data that helped ease interest-rate fears and corporate news from French drug maker Sanofi-Aventis. Regional gainers were led by London FTSE 100 with an advance of 0.7%, followed by the French CAC 40, up 0.4%, and the German DAX 300, up 0.3%.
- Elena
- 01 Sep, 2006
- New York City
Summa Industry shares soared 73% after the company agreed to be acquired by Habasit Holding AG, a private Swiss firm, for $15 per share. OmniVision Technologies fell 7.3% despite reporting Q1 net income rose 28 cents a share from 25 cents a share last year on revenue growth.
- Elena
- 01 Sep, 2006
- Mumbai
The market witnessed a sustained rise today, as investors showed renewed interest in blue-chips. Reports that the government has decided against an increase in domestic fuel prices supported the Sensex. Auto stocks led the gainers, while select software and telecom stocks sank. ICICI added 2% and Reliance Industries also edged up. The wholesale index in the last twelve months jumped to 4.91% from 3.71% a year ago.
- Elena
- 01 Sep, 2006
- New York City
Stocks opened higher Friday on news that wage inflation was tamer-than-expected in August. Another report showed that construction spending fell 1.2% in July following an upwardly revised 0.4% increase in June. Economists had expected spending to come in unchanged compared to the 0.3% increase originally reported. Bristol-Myers Squibb rose 4.8% after a judge blocked sales of a generic form of the drug maker''''''''s blood-thinning drug, Plavix, citing possible patent infringement.
- Elena
- 01 Sep, 2006
- New York City
The employment report showed that U.S. firms continued to hire workers at a steady, but moderate pace in August. The unemployment rate inched lower to 4.7% in August from 4.8% in July. Average hourly earnings rose by 2 cents, or 0.1%, to $16.79. Average wages were expected to rise 0.3%.
- Elena
- 01 Sep, 2006
- New York City
Under terms of agreement the investor group, led by Hellman & Friedmand and Texas Pacific Group, will pay $44 for each share. The deal represents an 18% premium over Thursday''s closing price and a 22% premium over the stock''s average closing price for the last 20 trading days. Following the news Intergraph''s stock jumped 15% in evening trading Thursday.
- Ivaylo
- 01 Sep, 2006
- New York City
The Nikkei 225 Average ended the session in negative territory with the tech sector broadly down. Taiwan and Indonesia witnessed selected buying, as fair amount of money is probably finding its way back into Taiwan going from the South Korean market where some cash is being taken out. Shares in Australia, Singapore and South Korea traded flat.
- Ivaylo
- 01 Sep, 2006
- Frankfurt
European stocks reported modest gains on Friday ahead of key U.S. economic data, supported by strength in the health care sector after French drug maker Sanofi-Aventis won a patent case for its Plavix blood thinning treatment. The U.K. FTSE 100 index edged up 0.2%, the German DAX Xetra 30 index rose less than one percentage point and the French CAC-40 index gained 0.2%.
- Ivaylo
- 01 Sep, 2006
- Metals
In the case of silver, investors attributed the surge to strong investment demand a day after the amount of metal held by an exchange-traded fund peaked above 100 million ounces. Gold followed, supported by both silver and a sharp gain in copper. Continuing tension over nuclear program of Iran was another factor boosting the precious metals.
- 123jump.com Staff
- 31 Aug, 2006
- New York City
Weak trading volume, directionless trading in averages and report on factory orders and inflation dominated the news in the market. Personal income in July rose 0.5% and personal consumption rose 0.8% in the month. PCE, price index for consumption rose 0.1% in July. Factory orders fell 0.6% in the month. Joy Global stock jumped 21% on earnings news. Same store sales were reported higher by Target, Wal-Mart and Nordstrom. Gap, Sharper Image and Pier One reported another decline in sales.
- 123jump.com Staff
- 31 Aug, 2006
- Metals
Goldcorp agreed to acquire Glamis for $8 billion. The deal between the two companies is a latest in a series of deals in the mining industry. The deal follows a deal between Barrick Gold and Placer Dome and two bids in place for Inco. Gold futures are trading $621 per ounce. The company may spin-off silver assets.
- 123jump.com Staff
- 31 Aug, 2001
- New York City
Joy Global reported 17% rise in sales and third quarter earnings of $1.53 per share. The company guided a strong outlook in the mining equipment in copper, coal and iro ore. The stock jumped 17% and lifted shares of Terex and Manitowoc. Company sees no peak in demand for its equipment in the near future.
- Elena
- 31 Aug, 2006
- Frankfurt
European markets closed under the flat line. In a light trading session market sentiment was hurt by speculations that the ECB will raise interest rates in a month after it kept them on hold at 3%, as expected, on Thursday. Mining and tech stocks like Anglo American and STMicroelectronics led decliners. The U.K