- 123jump.com Staff
- 23 Aug, 2006
- New York City
Market averages decline at mid-day after the housing and weekly petroleum report. The market averages are down 0.4%. July housing sales declined 11% from a year ago and 4.1% from June. Weekly petroleum reported a decline in crude oil inventory decline of 0.6 million less than expected decline of 1 million barrels. Oil prices declined. IBM agreed to buy for $1.3 billion Internet Security Systems.
- 123jump.com Staff
- 23 Aug, 2006
- Mumbai
Market closed lower on a volatile note in light trading. Sensex trading was domintaed by loss in autos, banking and tech stocks. Mutual funds and international investors have steadily scaled their exposure to stocks in the last sixty days of trading. Government reported that India-China trade is grwoing at a rate of 37% and is likely to pass $20 billion in trade in the year 2008. Tata Tea has acquired 30% stake in the US based Energy Brands for $677 million.
- 123jump.com Staff
- 23 Aug, 2006
- New York City
Market averages turned negative after the release of July existing home sales report. The sales declined 4.1% to a seasonally adjusted rate of 6.33 million frmo June revised data adn 11% lower from a year ago. Home builder stocks declined on the report. Market averages turned from a rise of 0.3% before the report to 0.4% decline.
- 123jump.com Staff
- 23 Aug, 2006
- New York City
Market averages after opening on a weak note gained a mild momentum in the early trading. Three poplular averages are showing 0.3% rise. Semiconductor stocks are up led by a rise in National Semi and Advanced Micro. Industrial stocks such as Caterpillar and Deere are leading the advancers. Legg Mason and Apple Computer are up in the first 30 min of trading.
- 123jump.com Staff
- 23 Aug, 2006
- New York City
Market averages are expected to open lower. Traders are focusing on oil price, semiconductor stocks and report on housing sales and oil inventories. July existing home sales are expected to show another decline in housing market. Weekly Petroleum Inventory report is expected to show a decline of at least 1 million barrels of crude oil. BHP Billiton reports 58% rise in Profit.
- Ivaylo
- 23 Aug, 2006
- New York City
Asian stocks were lower Wednesday, while Japanese technology company such as Canon Inc. advanced on anticipation of an earnings revision. South Korea and Taiwan led the decliners, while Tokyo benchmark index dipped as investors are gearing up for key earnings releases. Hong Kong also fell. Australian index was the only one to buck the downtrend.
- Ivaylo
- 23 Aug, 2006
- Frankfurt
As interest rate worries resurfaced and oil prices held at around $73 a barrel, Europe was further held back by metals and defense stocks. A lack of surprises in the earnings report from metals company BHP Billiton and a spending plan at defense group EADS put mild pressure on U.K. and Paris bourses. By mid morning, London
- Ivaylo
- 23 Aug, 2006
- Metals
A technical kind of trading and a firmer dollar pulled gold lower on Tuesday. Profit-taking weighed down on high-grade copper futures, although the market was able to rebound from its weakest levels as a strike continues against Escondida mine. Silver was also down, as well as platinum and palladium.
- 123jump.com Staff
- 22 Aug, 2006
- New York City
Market averages opened higher and stay in the plus column till mid-day trading. Chicago Fed President talked of the need of higher inflation and Atlanta Fed President talked of careful balance between inflation and growth. Market averages declined and never recovered for the rest of the day. Toll Bros reported 19% lower earnings and lowered annual earnings. European and Asian markets closed higher. Oil fell 30 cents and gold lost $1.20. A terrorist suspect shot dead by police in Mumbai, India.
- 123jump.com Staff
- 22 Aug, 2006
- New York City
Market averages in the afternoon traded near unchanged level. The volatile indexes traded up and dow as market neared last hour trading. Trading volume on both exchanges appear to be running 40% ahead of yesterday trading. Oil stayed near $72 a barrel and gold lost $4. European markets closed fractionally higher and Asian markets closed higher.
- 123jump.com Staff
- 22 Aug, 2006
- Frankfurt
European markets closed higher led by a fractional rise in Germany, France and Switzerland. U.K. and norway had fractional losses. Insurance and auto maker stocks declined after German economic research institute reported growing pessimism for the economic expansion in the year 2007. The German and Italian taxes are expected to rise in the year. Swiss tor operator Kuoni reported better than expected first half result.
- 123jump.com Staff
- 22 Aug, 2006
- Frankfurt
Market averages in Europe closed mostly higher, despite widening belief that European economy will slow down in the next year. European nations have been struggling with stagnant growth for the last five years and already economic growth expectations are scaled back for the next year. German VAT is expected to rise to 19% from 16% next year. Industrial orders in Euro zone fell by 2.5% in June.
- 123jump.com Staff
- 22 Aug, 2006
- New York City
Market averages retained positive bias at mid-day trading. Dow up 17 points, Nasdaq up 10 points and S&P 500 up 4 points. Former star banker Frank Quattrone settles with the governmet allowing the case to be dismissed without third trial. Toll Bros. reported earnings decline of 19%. European markets closed fractionally higher led by France and Germany.
- 123jump.com Staff
- 22 Aug, 2006
- Mumbai
BSE Index of 30 stocks fell at close. In the morning trading market averages rose in line with other Asian markets but failed to make a headway in the final hour of trading. Volatilite trading in the last hour led blue-chips to decline, leading to an overall negative market-breadth. Refinery stocks, as well as auto shares, plunged, weighed down by the rising oil prices. Pharma stocks, select information technoligy, cement and exporters also lost. Indian rupees falls to 44.49 to a dollar.
- 123jump.com Staff
- 22 Aug, 2006
- New York City
Market averages pointed in the positive column in the first fifteen minutes of trading. Toll Bros. reported 19% lower earnings but managed to beat lowered guidance two weeks ago. Gold fell $4 in the early trading. Oil market is cautiously nervous as traders await official response from Iran.