- Elena
- 03 Jul, 2006
- New York City
Dow component General Motors Corp. boosted market sentiment, rising 1.6% on news of possible alliance with French automaker Renault and Japanese Nissan. Traders also awaited the June reading of the Institute for Supply Management''s manufacturing index, hoping the report would provide clues about economic growth and interest-rate increases.
- Elena
- 03 Jul, 2006
- New York City
Stock futures indicated a positive start of Monday trading session ahead of June manufacturing data and the Independence day holiday tomorrow. Positive news from Dow component General Motors Corp. is expected to give a further boost to stocks. Wal-Mart announced that June same-store sales rose 1.2%, the low end of its forecast.
- Ivaylo
- 03 Jul, 2006
- New York City
Gold once again pushed well through the $600 an ounce mark as the dollar weakened on Friday and crude edged back towards the psychological $75 a barrel, the mining and petrochemical stocks were looking to be in favour once again. Asian stocks also helped starting off the week in a positive mood after bullish results from the Bank of Japan''s quarterly tankan survey of business sentiment boosted financials, retailers and exporters.
- Ivaylo
- 03 Jul, 2006
- New York City
A combination of the dollar''s demise against other major currencies following the U.S. Fed
- Yordanka
- 02 Jul, 2006
- New York City
Retailer J. Crew Group, which surged 28% on its first day, was the only bright spot in the IPO market this week. Two other IPOs priced below forecast range, one was amended with a downgraded forecast range, and three others were postponed or withdrawn. Stock markets have tumbled since May on worries about inflation and interest rates.
- 123jump.com Staff
- 30 Jun, 2006
- Metals
Market averages sold-off in the last hour of trading. Industrial stocks advanced but financials, technology and select healthcare stocks faced selling. General Motors jumped as high as 11% on the news that company was urged to explore merger possibilities with Renaut and Nissan by its prominent shareholder Kirkorian. Gold rose for the second day as traders believed that steady interest rates will no longer support the U.S. dollar.
- Elena
- 30 Jun, 2006
- Frankfurt
European markets closed steeply higher, boosted by speculations that the U.S. Fed Reserve may be close to the end of its rate-tightening cycle. Tech and auto stocks were leading gainers. Bayer rose 4.5%, following an agreement to sell its diagnostics unit for 4.2 billion euros to Siemens. The German DAX 30 climbed 1.8%, the French CAC 40 surged 1.9%, and London FTSE 100 rose 0.7%.
- Elena
- 30 Jun, 2006
- New York City
Stocks moved to the downside after the initial rise as investors turned to profit taking from Thursday''s rally. In corporate news, General Motors rose $1.57 to $29.01 after major holder Tracinda Corp. asked the auto maker to enter an alliance with Renault and Nissan. RSA Security agreed to be acquired by EMC Corp for $2.1 billion in cash.
- Elena
- 30 Jun, 2006
- Mumbai
The Sensex kept closed higher in lockstep with the global markets, as the buying interest intensified in highly volatile trading. Metals, banks and capital goods led the advancers. Large caps were the major gainers, with Reliance Communication Ventures, Maruti Udyoq, Hindustan Lever, and Reliance Industries, leading the way.
- Elena
- 30 Jun, 2006
- New York City
Stock markets advanced on Friday, lifted by gains for General Motors on news one of the company''''s biggest investors is urging the company to consider a partnership with Nissan and Renault. GM shares shot up 11%. On the deal front, RSA Security agreed to be bought for $2.1 billion in cash by EMC Corp.
- Elena
- 30 Jun, 2006
- New York City
Stock futures were pointing to some caution early Friday morning, following one of the biggest rallies in recent time, sparked by the Fed''s policy statement on interest rates. The Commerce Department released a report, showing that both personal income and personal spending rose 0.4% in May after an upwardly revised increase of 0.7% in April.
- Elena
- 30 Jun, 2006
- New York City
The maker of personal computers and the iPod music player said that its own internal investigation had uncovered