- 123jump.com Staff
- 22 Aug, 2006
- New York City
Market averages are expected to open lower. Toll Brothers reported third quarter earnings per share of $1.07 vs. $1.27 on revenue decline of 1%. The company also reduced the number of lots it controls by 10% and lowered its earnings guidance for the year. Oil prices in European trading were near unchaged as traders awaited formal response from Iran.
- Ivaylo
- 22 Aug, 2006
- New York City
All major indexes gained on Tuesday, boosted by Japanese markets where blue-chip companies, Nikon and Honda managed to bounce back from losses in the previous session. Energy stocks also drew attention in the region, as crude-oil prices hovered above the $72-a-barrel level, rekindling hopes the sector was set for another upbeat earnings session in coming quarters.
- Ivaylo
- 22 Aug, 2006
- Frankfurt
A better-than-expected profit at U.K. house builder Persimmon helped the market too, along with the recovery of Asian bourses and steadier oil prices. The gains were mild however due to thin trading conditions. The U.K. FTSE 100 gained 0.2%, the German DAX 30 index edged up 0.3% and the French CAC 40 index advanced 0.4%.
- Ivaylo
- 22 Aug, 2006
- Metals
Union criticism of an improved contract offer at the world largest privately owned copper mine, shut down now by a strike, kept high-grade copper futures on the rise in New York on Monday. Gold advanced due to losses in the dollar, a rising crude-oil market and tensions surrounding uranium enrichment program of Iran.
- 123jump.com Staff
- 21 Aug, 2006
- New York City
Rising oil prices, profit warning from Lowes and profit taking sentiment drove major averages lower at close. Lowes reported 60 cents earnings vs. 52 cents a year ago but lowered forecast for the year. Pilgrim Pride launched unsolicited offer at $1 billion for Gold Kist. Gold gained $13 and oil rose $1.20 on refusal from Iran to stop uranium enrichment process. SanDisk launched MP3 player at $249 with 8GB of storage. European markets closed lower. Russia repaid $23.8 billion ahead of schedule.
- 123jump.com Staff
- 21 Aug, 2006
- Frankfurt
Oil rich Russia repaid $23.8 billion in debt to Paris Club creditors ahead of schedule with the prepayment penalty of $1.3 billion. The reversal of fortune is marked by a four-fold rise in oil price in the international market and annual economic expansion at more than 7% at home. Russia foreign debt stands at less than 9% of GDP, a significant decline from 96% in 1999. Moscow stock market rose 1.47%.
- 123jump.com Staff
- 21 Aug, 2006
- New York City
The flash memory maker SanDisk today released MP3 player with 8GB of storage. The $249 deivce is likely to appeal to price conscious listeners with need for large storage. iPod from Apple, the current leader in the market, is not likely to face any serious erosion in sales. However, as new players with more features and cheaper prices are released, Apple may have to cut prices on several of its iPod models.
- 123jump.com Staff
- 21 Aug, 2006
- Metals
Market aveerages spent most of the day in the negative zone. Gold jumped $13 in the trading on the news of refusal from Iran to suspend uranium enrichment. Gold, silver, copper and platinum rose in the metals trading in New York. Metals and mining stocks rose in New York and European trading. BHP Billiton, Newmont Mining and Phelps Doge gained on strong volume.
- 123jump.com Staff
- 21 Aug, 2001
- Frankfurt
European stocks closed lower at close led by a rise in energy prices, weak trading in New York and fall in transportation and tech stocks. Autos, airlines and tech stocks lost on the first day of this week trading. Gold rose $10, oil gained 1% at close. Mining stocks rose in UK, energy stocks advacned in Norway and tech stocks in Germany and UK fell. Sweetened offer from BHP Billiton to striking miners in Chile was rejeected by their union leaders. Anglo American rose in the UK on breakup talk.
- 123jump.com Staff
- 21 Aug, 2006
- New York City
Two large deals domninated merger news this morning. Glenborough Realty agreed to be acquired for $26 per share by funds managed by Morgan Stanley Real Estate. Pilgrims Pride made an unsolicited offer to buy Gold Kist at $20 per share. The stock of Pilgrim rose 6% and Gold Kist rose 50% on the news. Market averages at mid-day remain in the negative. European markets closed mostly lower on higher oil price.
- 123jump.com Staff
- 21 Aug, 2006
- New York City
Market averages declined in the first two hours of trading led by 16 points decline in Nasdaq, 35 points loss in Dow and 4 points loss in S&P 500. The weakness in European and Aian trading and rise in oil prices kept traders from buying. Dollar General lowered its second quarter earnings. MasterCard jumped $2.05 or 4% on heavy volume and no news.
- 123jump.com Staff
- 21 Aug, 2006
- Mumbai
Trading on Mumbai Stock Exchange was subdued but market averages managed to rise at close. Investors bid up refining stocks as oil price fell in the world markets. HCL Techonolgies reported 44% rise in earnings. IPO of GMR Infrastructure closed near the offer price on heavy trading volume. Other Asian markets in Japan, Taiwan and Hong Kong closed sharply lower.
- 123jump.com Staff
- 21 Aug, 2006
- New York City
After rising for the five days in a row, market appears to be ready to take profit. Nasdaq and Dow fell in the early trading and Nasdaq is now nearing 0.7% decline. Dow is down 40 points and S&P 500 is down 5 points. Lowes after reporting 60 cents per share earnings fell 3% at the open. Asian markets closed lower led by 3.2% decline in Taiwan and 0.85% loss in Japan.
- 123jump.com Staff
- 21 Aug, 2006
- New York City
Market averages are expected to open lower after gaining for five days in a row. Futures trading indicates that Dow is expected to open 3 points and Nasdaq is expected to open 9 points lower. Lowes reported second quarter profit of 60 cents vs. 52 cents a year ago. In the European trading, market averages are showing a slight negative bias. Japan closed below 16,000 mark.
- 123jump.com Staff
- 18 Aug, 2006
- New York City
For the day and for the every day of the week, market averages rose. For the week Nasdaq gained 5% and Dow rose 2.65%. Earnings disappointments from Gap and Dell did not sway buyers. Dell fell 9% at opening but managed to recover at close. Ruling on tobacco case helped Altria to gain 4%. Gap lost 3% on earnings news and traded near one-year low.