- 123jump.com Staff
- 26 May, 2006
- New York City
Market averages responded to the positive news on inflation.Personal income rose 0.5% in April and personal consumption rose 0.6%. Core inflation rate rose in April at 2.1% after rising at 2.0% rate in March. Las Vegas Sands was awarded a license for casino in Singapore, stock rose as much as 11%. Chicos reported earnings of 29 cents and stock rose 2%. Toro Corp rose 2% on earnings rise of 17% on sales growth of 5%.
- Elena
- 26 May, 2006
- Frankfurt
European stocks rallied for a second consecutive session, boosted by resource stocks after Arcelor agreed to merge with Russian steelmaker Severstal. Shares of Arcelor dropped 3%, while Mittal rose 2%. A positive sentiment on Wall Street, generated by mild core inflation data, also provided support. The German DAX 30 rose 1.4%, the French CAC 40 climbed 1.9%, and London FTSE 100 surged 2%.
- Elena
- 26 May, 2006
- New York City
Las Vegas Sands rose 12% on news that it won the right to build the first casino resort in Singapore, ousting other bidders like MGM Mirage and Harrah''s Entertainment. In March, Sands said that it was prepared to spend $3.6 billion to develop the Marina Bay property, which includes 2,500 hotel rooms, 1.2 million square feet of meeting space, a million more in retail and three entertainment venues.
- 123jump.com Staff
- 26 May, 2006
- New York City
For the last fifteen days nervous investors have lowered market values around the world. For the third day in a row market averages rose as inflation, personal consumption and income data revealed that reported inflation is under control. Brokerage, industrial and hotel stocks rose. Las Vegas Sands rose 9% on winning a license to build casino in Singapore. UBS upgraded Goldmans Sachs and raised stcok price target to $180. Chicos, Toro Corp and Ralp Lauren reported higher earnings.
- Elena
- 26 May, 2006
- Mumbai
Shares in Asia climbed on Friday following advances in New York yesterday, after US first quarter GDP growth was revised upwards. Two-wheeler and truck manufacturer stocks, led the gainers, buoyed by the news that a monsoon hit Kerala on Friday, six days before normal season. For the week Sensex lost 1.1%.
- Elena
- 26 May, 2006
- New York City
Stocks opened higher, extending recent gains on the back of mild economic data which raised hopes that the Fed Reserve will cease interest-rate increases. The Commerce Department said both personal spending and income rose in April, helped by improved wages. Personal spending growth of 0.6% met estimates, while a 0.5% rise in income came in below expectations of 0.7%. Consumer prices, excluding food and energy prices, rose 0.2% in April after a 0.3% increase in March.
- Elena
- 26 May, 2006
- New York City
Stock futures pointed to a lackluster opening ahead of holiday weekend and economic data. On Friday steelmakers are seen in the spotlight as Arcelor SA, rejecting a hostile bid from rival Mittal Steel Co., reached a deal that would give it a controlling stake in Russian largest steelmaker Severstal and $1.59 billion in cash in exchange for 32% of Arcelor.
- Elena
- 26 May, 2006
- New York City
The jury returned guilty verdicts against the two executives. Kenneth Lay was convicted of all six counts in the main trial, as well as of four charges of bank fraud and making false statements to banks in a separate non-jury trial. Skilling was convicted of 19 counts of fraud, conspiracy and insider trading.
- Ivaylo
- 26 May, 2006
- Frankfurt
On Thursday, European stocks recovered some of their recent losses but trading volumes were slimmer than usual with several markets closed for the Ascension Day holiday. European markets traded higher in the morning session, benefiting from a strong close in New York. The FTSE 100 in London gained 0.6%, the Xetra Dax in Frankfurt was up 0.5% and the CAC 40 in Paris advanced 0.6%.
- Ivaylo
- 26 May, 2001
- New York City
However, traders described the trading session as one of the calmer ones for a while, with activity softened before a long holiday weekend. The increase happenss after June gold had plunged $36.20 on Wednesday and July silver had lost 65.5 cents. Other futures, such as oil and gasoline also advanced.
- 123jump.com Staff
- 25 May, 2006
- New York City
Market showed a positive bias at the opening. Averages gained strength as the day progressed on the steady buying from mutual funds. Tech stocks led the early rise and rally spread to large-cap stocks. Market rise for the second day in a row convinced buyers to step in on the revised grwoth rate of GDP to 5.3% in the first quarter. April existing-home sales declined 2%Mastercard IPO raised $2.39 billion at a price of $39 per share. Regions Financial agreed to buy AmSouth for $10 billion.
- 123jump.com Staff
- 25 May, 2006
- New York City
Economic data, guilty verdict and large IPO kept investors bidding up stocks. Nasdaq is approaching 1% rise and Dow and S&P 500 are up 0.7%. Mastercard launched its IPO at $39 and raised $2.39 billion. The stock rose $5 in the late afternoon trading. First Quarter GDP was revised to 5.3% from 4.8% after rising 1.7% in the fourth quarter. Ken Lay and Jeff Skilling were found guilty in Enron trial. Gold traded $6 up.
- Elena
- 25 May, 2006
- Frankfurt
European stocks posted solid gains in the afternoon, leading averages to robust close. Strong U.S. markets opening, gains for miners, and well-received corporate news boosted European stocks Thursday. Mining companies Anglo-American and Kazakhmys advanced, Tate & Lyle gained 5.6% after reporting strong quarterly profit growth, and U.K. bank Barclays added 1.2% on positive Q1 results. The German DAX 30 climbed 1.6%, the French CAC 40 surged 2.1%, and London FTSE 100 rose 1.5%.
- Elena
- 25 May, 2006
- New York City
Stocks were positive, supported by corporate news, economic data and market debut for Mastercard. Shares of eBay Inc. rose 7% after Prudential raised its rating on the Internet auctioneer. The company also announced an advertising alliance with Yahoo Inc. which rose 3.6%. Oil and gas producer Stone Energy climbed 20% after Energy Partners offered to acquire the company for about $2 billion.