- Elena
- 13 Oct, 2006
- New York City
Although the large-caps spurted leading the Sensex to its all-time high, the overall market-breadth remained negative. Small-caps and mid-caps suffered heavy selling pressure. Market sentiment was upbeat on expectations for robust second-quarter corporate earnings results. Reliance Communications led the rally, HDFC Bank and BHEL surged. Reliance Industries closed all time high. Bajaj Auto and Tata Steel led the decliners.
- Elena
- 13 Oct, 2006
- New York City
U.S. stock markets opened below the unchanged mark as investors reacted to a report showing an unexpected drop in September retail sales and an inline-with-estimates earnings report from General Electric failed to inspire. The Commerce Department reported 0.4% decline in retail sales last month, largely due to a 9.3% drop in spending on gasoline.
- Ivaylo
- 13 Oct, 2006
- New York City
With oils improving and most miners higher, the FTSE 100 is still trading in positive territories, despite losses in the banking sector. A rally for oil prices on Friday helped the energy sector higher, with BP and BG Group at the forefront of the advance. In the volatile mining sector, BHP Billiton and Kazakhmys also notched up considerable advances. At 2:22 pm GMT, the FTSE 100 was 24.60 points, or 0.40% higher, at 6,145.90.
- Elena
- 13 Oct, 2006
- New York City
Stock market futures were steady after industrial bellwether General Electric released in-line-with-estimate Q3 results. GE reported Q3 profit growth of 6% to 48 cents a share, up from 44 cents a year ago, boosted by strong orders across the company. Revenue climbed 12% to $40.86 billion from $36.37 billion. The company projected 2006 earnings in the range of $1.97 to $1.99 a share, above the expected $1.98 a share.
- Ivaylo
- 13 Oct, 2006
- New York City
Asian stocks surged on Friday, with the Nikkei in Japan closing at a five-month high as investors purchased Sony Corp., Toshiba Corp., and other blue chips. Shares in South Korea also hogged the spotlight after upbeat earnings reports from large U.S. companies boosted expectations of a strong showing by their Asian counterparts. Hong Kong, shares also ended higher ahead of Industrial & Commercial Bank of China initial public offering.
- Ivaylo
- 13 Oct, 2006
- New York City
In Europe, a number of banking stocks fell as investors resorted to profit taking. Banca Intesa and Sanpaolo IMI, prospective Italian merger partners, were both lower in spite of the boards of both companies approving the merger. French cosmetics company L''Oreal and some weakness in the resource sector helped also offset technology stock gains. By mid morning, the FTSE 100 in London was little changed, the CAC 40 in Paris was 0.1% lower and Frankfurt Xetra Dax also remained also flat.
- Ivaylo
- 13 Oct, 2006
- New York City
The energy markets have bounced back a bit. There appears to be limited downside in petroleum markets below the recent lows which might be helping gold stabilize. Also, the dollar is a little bit softer and the euro had risen late Wednesday, after the U.S. trade deficit reached another record. Palladium and copper bucked the upward trend and declined.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Market maintained positive trend right at the opening. Positive momentum generated from the rising earnings from Costco, Yum brands and Harley Davidson supported market advance. Market ignored the record trade deficit registered in the month of August. Trade deficit with OPEC and China registered one half of total deficit.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Market averages manitanied a positive bias when less than two hours of trading is left. Advancers led the decliners by a marging of two to one on NYSE. Costco gained on 8% on earnings news. Harley Davidson beat the earnings estimates of $1.10, stock jumped 2%.
- 123jump.com Staff
- 12 Oct, 2001
- New York City
Market averages traded higher and Dow crossed 11,900 for the first time on positive earnings news from McDonalds, PepsiCo and Yum Brands. PepsiCo reported 71% rise in earnings. McDonalds reported systemwide sales rise of 9.8% in September and said that its Q3 earnings will exceed market expectations. Yum Brands rose 8% with the profit rise of 12%. Costco reported profit gain of 1%. Harley Davidson reported earnigs gain 18%.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Trade deficit widened to $69.9 billion, $1.9 billion higher than in July. In August, the goods deficit grew $2.1 billion from July to $75.5 billion, and the services surplus rose $0.2 billion to $5.7 billion. Trade deficit with China was recorded at $22 billion and with OPEC at $11.2 billion. Deficit with Mexico, Canada, Brazil, Taiwan and Korea also rose.
- 123jump.com Staff
- 12 Oct, 2006
- New York City
Infosys led the earnings parade boosting the investors confidence. Lower but still robust industrail production data helped to boost market confidence. Auto, refinery, IT, metal and cement stocks led the advance. Reliance Industries also helped. Hindustan Lever and HDFC Bank led the decliners. India industrial production in August rose 9.7% from a year earlier.
- Ivaylo
- 12 Oct, 2001
- New York City
The FTSE 100 is on an upbeat mood this afternoon as British Airways took off and miners got a lift from higher metal prices. Miners cheered rising gold and copper prices, with Vedanta Resources, Xstrata, Rio Tinto and Lonmin standing out among the advancers.
British Airways is currently in the lead on lower crude prices and hopes that its pension dispute is close to being resolved. The FTSE 100 in London, by mid-day on Thursday, advanced 15.5 points, or 0.3%.
- Elena
- 12 Oct, 2006
- New York City
The broker said that the company is likely to become a potential acquisition target following the executive resignation announced on Wednesday. In addition, UBS told clients that as soon as McAfee has filed its financials, it could reinstitute its share buyback program.
- Ivaylo
- 12 Oct, 2006
- New York City
South Korea led the advance as investors pursued LG.Philips LCD, Hanjin Shipping and other blue chips. South Korean retail investors were back to the stock market, lifting the benchmark index. Japan dipped as banking and pharmaceutical shares showed weakness. In Hong Kong, shares ended almost flat, while Australia, Taiwan and Shanghai slipped. In Australia, shares closed lower on Thursday in spite of acquisition talk in several sectors.