- Elena
- 24 May, 2006
- New York City
The Commerce Department reported that new orders for durable goods fell 4.8% in April following a 6.6% increase in March due largely to a significant drop in orders for transportation equipment, which fell 12.7% in April. The decrease was much steeper than the modest 0.5% decline that economists had been expecting.
- Elena
- 24 May, 2006
- New York City
The new owners of Philadelphia''s two major daily newspapers will have to solve two major problems- reversing circulation declines and shrinking profits. The local investors hope to boost business by emphasizing local news and doing more with the Internet.
- Ivaylo
- 24 May, 2006
- New York City
Japanese stocks rebounded from three-month lows due to bargain-hunting in a range of stocks that raised the index which had fallen nine of the preceding 11 sessions. The benchmark Nikkei 225 index advanced nearly 2%, as investors bought metals, autos and bank shares, which had recently fallen. The South Korea
- Ivaylo
- 24 May, 2006
- Metals
One explanation is that overselling has occurred and the market is getting a relief rally. Futures have soared again from their recent lows to suggest some technically focused buying. Bulls are now welcome, as they are considered the lesser evil than the slow grinding declines we saw in previous days.
- 123jump.com Staff
- 23 May, 2006
- New York City
Market averages maintained a positive bias in the morning hours and registered a mild gain in Dow, Nasdaq and S&P 500 near close. In the last thirty minutes of trading sell trades swamped averages as profit takers moved in. Gold rose $16 and silver gained 74 cents. Oil rose $1.80 but rose as high as $5 per barrel. Toll Bros revised annual earnings down but reported a rise in Q2 earnings.
- 123jump.com Staff
- 23 May, 2006
- Metals
Market averages maintained positive bias in trading but the real action was in metals and oil trading pit. Gold, silver and copper rose near the close of trading hours. Gold rose as much as $20 but settled $16 and silver rose as much as 74 cents and settled near high for the day. BHP Billiton, Southern Copper Peru and Phelps Dodge rose during the day. Oil rose 7% at peak but closed up 2.5% or $1.80 per barrel. Copper rose 10%.
- Elena
- 23 May, 2006
- Frankfurt
European markets recuperated from steep losses yesterday to close sharply higher Tuesday, lifted by mining and energy companies, as well as technology stocks. Miners like BHP Billiton, Rio Tinto and oil giants like BP and Royal Dutch Shell advanced on higher commodities prices. The German DAX 30 surged 2.4%, the French CAC 40 rallied 2.5%, and London FTSE 100 climbed 2.6%.
- Elena
- 23 May, 2006
- Metals
Aluminum producer Alcoa and oil company Exxon Mobil Corp. boosted the Dow industrials. Alcoa rose 35 cents to $31.50, and Exxon was up 74 cents at $61.52. Gold stocks showed a notable upward move, benefiting from a significant increase in the price of the precious metal. Toll Brothers posted better-than-expected Q2 earnings, but cut its 2006 profit. Toll Brothers rose $1.44 to $28.34. Goodyear Tire advanced 4.4% following an upgrade by Deutsche Bank.
- Elena
- 23 May, 2006
- Mumbai
The market recovered in late afternoon trading after trading in a range of 850 points. After two weeks of weak trading and losing 17% from the record high on May 10th, market rebounded on a lower trading volume. Steel stocks led the gainers as China
- Elena
- 23 May, 2006
- New York City
U.S. stocks advanced on strong earnings from Toll Brothers and a rebound in commodities prices. Energy stocks benefited from a notable increase in the price of oil, up 96 cents to $70.92 a barrel. The gold sector gained as an increase by the price of the precious metal led traders to do some bargain hunting. Gold for June delivery was up $9.70 at $667.50 an ounce.
- Elena
- 23 May, 2006
- New York City
U.S. stock futures indicated a lower start of Tuesday session. Homebuilder Toll Brothers cut its full-year earnings guidance, while reporting a 3% rise in Q2 net income to $174.9 million, or $1.06 a share, beating estimates of $1.03. Revenue rose 17% and the company''s quarter-end backlog rose 3%.
- Elena
- 23 May, 2006
- New York City
Euronext said that the new details of the bid were misleading and said that the $10.2 billion offer by the New York Stock Exchange remained more attractive. The plan from Deutsche Boerse would include 870 million euros in cash for Euronext shareholders, lower than the 2.4 billion euros cash element of the NYSE offer.
- Ivaylo
- 23 May, 2006
- New York City
Japan''s Nikkei Average plunged on weak financial shares, especially at the world''s biggest bank by assets, Mitsubishi UFJ Financial Group Inc., which declined 6.1%. Shares in Taiwan lost as much as 1.4% while South Korea''s Kospi index edged 0.7% lower. Singapore bucked the downtrend to advance 0.53%.
- Ivaylo
- 23 May, 2006
- Frankfurt
The slight recovery in New York and the less steep decline of Asian bourses came as a much relished relief to the oil and mining companies in Europe, helping the region to a good start Tuesday. Oil prices soared again, due to fears starting to mount of a severe hurricane on the way. London