- Ivaylo
- 13 Nov, 2006
- New York City
After increases in London and Shanghai exchange copper stocks led to a technical breakdown for the metal. The main culprit in the copper sell-off, it appears, is the reported rise in Chinese stocks this week. Profit-taking left December gold lower at its settlement price while December silver was lower for much of the session, but it bounced from the low on Friday.
- 123jump.com Staff
- 10 Nov, 2006
- New York City
AIG profit rise and Boeing win of order worth as much as $15 bilion failed to excite investors in the larg cap. Martket averages barely budged for the day. Disney profit gains was tempered by the caution that recent acquisition of Pixar may take five years to work out. Disney stock fell 3.5%. Copper dropped 22 cents causing a sharp drop in Phelps Dodge, Rio Tinto and Southern Copper Peru.
- Elena
- 10 Nov, 2006
- New York City
European stock markets closed little changed Friday, reflecting continuous weakness among pharmaceutical stocks. However, gains in chemical firms such as Rhodia and commodity-related shares helped limit the downside move. London FTSE 100 dropped 0.37%. The French CAC 40 ended flat at 5,447.5. The German DAX 30 ended flat at 6,357.77.
- Elena
- 10 Nov, 2006
- New York City
Stock markets turned mixed in quiet trading Friday as AIG''s quarterly results and a multibillion-dollar contract for Boeing offset losses for Walt Disney''s shares. Boeing gained 1.5%, while Disney fell 3% turning into the biggest drag on the Dow, despite posting strong earnings. The company also said it plans to increase capital spending in 2007. In deal news, drug developer Tanox jumped 44% after it agreed to be acquired by pharmaceutical company Genentech Inc. for $919 million.
- Elena
- 10 Nov, 2006
- New York City
A decline in inflation rate and upbeat industrial production figures led the market to a new high. The Indian market was also spurred by sustained buying in private bank stocks and index large-caps such as Reliance Industries, which was the most-active stock today. ICICI Bank, BHEL, HDFC Bank, Gujarat Ambuja were the other large-cap advancers. Cipla, Satyam led the decliners. Industrial production in India advanced 11.4% in September from a year earlier.
- Elena
- 10 Nov, 2006
- New York City
A pullback by the oil price pushed stocks modestly higher at opening. Light, sweet crude dropped 45 cents do $60.71, helping oil-sensitive airline stocks to recover from recent losses. Boeing won out over Lockheed Martin Corp. and United Technology Corp.''s Sikorsky division in securing a contract to build U.S. Air Force helicopters. The contract isworth about $13 billion.
- Ivaylo
- 10 Nov, 2006
- New York City
Cairn Energy led the advancers on Friday as a leading bank said the IPO of the Indian operations oil group could lead to a re-rating. Platinum miner Lonmin, shot ahead supported by bid rumours, suggesting an offer could be in the offing soon. Anglo American rose strongly as the Oppenheimer family sold a third of its stake to China Vision Resources. In early afternoon, the FTSE 100 was broadly flat at 6,231.3.
- Elena
- 10 Nov, 2006
- New York City
U.S. stock futures pushed higher on Friday, helped by retreating oil prices and strong earnings. Disney''s net income rose 36 cents a share, up from 19 cents last year, beating estimates of 34 cents. The strong rasults were helped by improved sales. AIG reported surging Q3 net income to $1.61 a share, an improvement from profit of 66 cents a share last year. The quarterly earnings exceeded expectations of $1.42 a share.
- Ivaylo
- 10 Nov, 2006
- New York City
Japan fell after the central bank official said is concerned about the risk of a rapid unwinding of the yen-carry trade and its potential impact on asset markets. Japanese exporters Toyota Motor Corp. and Sony Corp. led declines among large-caps while banking company Mitsubishi UFJ Group was also lower. Elsewhere in Asia, BHP Billiton and PetroChina Co. advanced as oil climbed to a two-week high, pushing Australia slightly higher. Taiwan also edged higher.
- Ivaylo
- 10 Nov, 2006
- New York City
European shares traded in the red on Friday morning, due to a concerns over U.S. consumer sentiment data and recent oil price strength and as the downturn in pharmaceuticals stocks such as GlaxoSmithKline and AstraZeneca continued. Friday represents the third day of share price weakness for these companies. By mid morning, the FTSE 100 in London lost 0.5%, while Frankfurt Xetra Dax fell 0.7%, the CAC 40 in Paris shed 0.5%.
- Ivaylo
- 10 Nov, 2001
- New York City
The rally was helped by a sagging U.S. dollar, climbing crude oil prices, as well as speculative and chart-based buying. December gold rose above the peak of $632.20 an ounce on Monday and eventually hit a high of $637 an ounce Thursday, while December silver took out the peak of $12.80 on Monday and traded as high as $13.09. In energy trading, crude futures advanced to a two-week settlement high after European inventories fell going into the Northern Hemisphere winter.
- 123jump.com Staff
- 09 Nov, 2006
- New York City
Maket averages tunred negative in the afternoon trading on rise in oil price. ExxonMobil gained on the rise in oil and is expected to generate annual gain not seen since 1985. Cisco rose 7% on the 28% rise in earnings. Trade deficit in Sept declined to $64 on lower oil price and strong sales of aircraft. Initial claims of jobless fell in the last week. Gold miners rose between 4% and 5%.
- Elena
- 09 Nov, 2006
- New York City
European stock markets closed mixed, reflecting earnings-inspired gains from industrial conglomerate Siemens and brewer Inbev and weakness in the healthcare and financial sectors. London FTSE 100 finished down 0.1% dragged by pharma and ban stocks. The German DAX 30 added 0.2%, supported by Siemens. The French CAC 40 rose 0.2%, helped by EADS.
- Elena
- 09 Nov, 2006
- New York City
Stocks reversed from earlier gains, as weaker-than-expected consumer sentiment data and higher oil prices limited the advance generated by Cisco profit, a narrowing trade deficit and lower import prices. Cisco boosted networking stocks, rising 7% on 28% profit jump. Media giant Viacom dropped 2.1% as the company reported a 16% decline in Q3 earnings, but the results topped analyst forecasts.
- Elena
- 09 Nov, 2006
- New York City
Strength in large-caps and in key stocks from the auto, banking, consumer goods, energy and software sectors led the advance today in highely volatile trading session. There has been a surge in select small-cap and mid-cap stocks catching up with the trend in large-caps. Infosys and Satyam, together with ICICI Bank and HDFC Bank led the gainers, while Maruti led the decliner. The government is considering lifting the sugar export ban in the next two weeks.