- Ivaylo
- 11 Sep, 2006
- New York City
Japanese stocks declined after a fall in a key corporate-spending indicator raised worries that the economic recovery may be faltering. In Hong Kong, shares followed a sharp decline in regional markets, led by China-related and property companies. Stocks in South Korea closed lower on foreign selling, led by losses in banking and automobile stocks. In Australia, growth worries hit the stock market for the fourth day.
- Ivaylo
- 11 Sep, 2006
- Frankfurt
European stocks came under pressure on Monday as lower commodity stocks pressured indexes, although some potential merger and acquisition news provided some support. The U.K. FTSE 100 index slipped 0.4%, the German DAX Xetra 30 index dipped 0.3% and the French CAC-40 index edged down 0.5%.
- Ivaylo
- 11 Sep, 2006
- Metals
The strenghtening of the U.S. dollar, especially against the euro currency, has really changed the tone to the metals markets. It was more commodity fund liquidation after traders ran into the market on Tuesday. They all started unwinding their positions on Thursday and it continued on Friday. Also, technically oriented selling sent copper futures lower.
- 123jump.com Staff
- 08 Sep, 2006
- New York City
Market averages picked up some more momentum with only two hours to go. Nasdaq and Dow led the advancing indexes. Tech stocks maintained a positive momentum. Lennar and St Joe are the latest to release cautious news in the home builder segment. St Joe will exit the Florida home building market and Lennar revised the earnigs lower. Orient Express jumps 8% on rating upgrade. New Oriental Education jumps 3% on the second day of trading.
- Elena
- 08 Sep, 2006
- Frankfurt
European markets closed in the positive, helped by another decline by the oil price, corporate news from Peugeot, and early gains on Wall Street. Among gainers, BP ended up 1.2%, chemicals company BASF finished up 0.7% and airline Air France-KLM rose 1%. The German DAX 30 rose 0.4%, the French CAC 40 added 0.3%, and London FTSE 100 gained 0.4%.
- Elena
- 08 Sep, 2006
- New York City
The health insurance sector turned in one of the market''s best performances, with Health Net up 7.4% on Q4 earnings in line with analyst estimates. AirTran was one of the most notable decliners among airline stocks. The regional airline dropped 13.7% after the company lowered its guidance for growth of Q3 revenue per available seat mile.
- 123jump.com Staff
- 08 Sep, 2006
- New York City
Market averages braved the rate hike and economic slowdown worries. Lennar, the third home builder in three days, lowered the earnings guidance and blamed sales incentive for the shortfall. St Joe, another Florida home builder, said that it will exit the market compeletely and take a one-time chaarge of $10.7 million. European markets closed higher but markets in Mexico and Brazil declined. Gold dropped and oil fell below $67.
- Elena
- 08 Sep, 2006
- Mumbai
The Sensex advanced for a second straight week in September helped by sustained foreign funds inflow and oil prices plunging to a 5-month low. The sinking price of oil supported auto, refinery and energy stocks. Reliance Communications led the advancers, with Maruti, Hero Honda and Hindalco also gaining. HDFC and ICICI Bank led the decliners. The wholesale price index rose to 5.01%.
- Elena
- 08 Sep, 2006
- New York City
Stock markets advanced modestly at opening, lifted by a sharp decline by crude oil prices, helping to offset inflation worries. Investors were also digesting news that another home builder cut its profit outlook. Lennar lowered its Q3 earnings guidance, joining Beazer Homes and Hovnanian Enterprises.
- Elena
- 08 Sep, 2006
- New York City
Stock futures recovered, pointing to a strong opening after two straight sessions of losses. Lennar was another home builder to warn of weakness in the housing market. The company cut its Q3 earnings estimates, projecting profit in a range of $1.25 to $1.35 a share. The lowered guidance is sharply below the $1.81 consensus of analysts. Shares fell 2.9% in pre-market trading.
- Ivaylo
- 08 Sep, 2001
- New York City
The decision helped exporters including Toshiba Corp. to regain strength from morning losses while airline shares such as Cathay Pacific and Japan Airlines gained on lower oil prices. Japanese exporters, Nissan Motor and Canon finished slighly in the red but pared sharper losses in morning trading. Australia was the only major market to buck the upbeat trading and close in negative territory.
- Ivaylo
- 08 Sep, 2006
- Frankfurt
Buyers returned on European markets after losses of more than 2% over the last three sessions. Cost-cutting hopes gave a boost to leading telecommunications providers including Deutsche Telekom. All major markets were on a bit firmer footing on Friday, with virtually every sector trading in positive territory. The U.K. FTSE 100 index gained 0.4%, the German DAX 30 index rose 0.2% and the French CAC 40 index added 0.3%.
- Ivaylo
- 08 Sep, 2006
- Metals
The fear of interest rate hikes down the road combined with gold inability to follow through from Tuesday gains played a vital role in the session downturn. Gold declined hitting its weakest level in more than a week. Profit-taking made copper futures Thursday give up some of their gains from the last two days. Silver, platinum and palladium also slipped.
- 123jump.com Staff
- 07 Sep, 2006
- New York City
Market averages accelerated the decline in the final hour of trading. Worries of economic slowdown, weakness in housing market and persistent nervousness on rising rates came to haunt traders. Sentiment deteriorated further as several home builders cut earnings outlook. Oil and gold dropped. Alcatel and Lucent shareholders voted for a merger of $10.8 billion. Microsoft warned that launch of Vista may be delayed in Europe.
- 123jump.com Staff
- 07 Sep, 2006
- New York City
Market averages remained in the negative zone with worries on housing market and economic slowdown. Retailers led the advancers in an otherwise down market. Chicos, Nordstrom, Federated, Pacific Sun and Abercrombie & Fitch led the gainers. MasterCard IPO jumps to a new high. China based New Oriental priced 8.5 million shares at $15 per share. IPO soared 45% at the opening.