- 123jump.com Staff
- 20 Sep, 2001
- New York City
Federal Reserve left targeted discount rate unchanged to 5.25%, as widely expected. Ten of the eleven members of the committee voted in favor leaving the rate unchaged for the second time in a row. Fed refrenced to declining energy prices since August will help consumers in the accompanying notes and also noted that inflation pressures remain at elevated levels. Oil dropped 2%.
- Elena
- 20 Sep, 2006
- New York City
European markets closed steeply higher as software company SAP and supermarkets Ahold and Delhaize lifted buying interest. A notable decline by crude oil prices helped airline stocks move higher. The German DAX 30 surged 1.4%, helped by SAP and tire maker Continental. The French CAC 40 rallied 1.5%. London FTSE 100 advanced 0.5%, supported by hedge-fund operator Man Group.
- Elena
- 20 Sep, 2006
- New York City
Stock averages rallied ahead of Fed Reserve''''s decision on interest rates. The S&P 500 hit a new 5 1/2-year high as upbeat results at Oracle Corp. and Morgan Stanley boosted investor confidence before the third-quarter earnings season. Boeing rose 1.6% on a news report that a consortium led by the aerospace giant appeared as the winner of a federal contract to provide infrastructure and monitoring system to help improve U.S. border security.
- Elena
- 20 Sep, 2006
- New York City
Despite tumbling over 100 points at the start, the benchmark Sensex recovered in later trading due mostly to the fall in crude oil price and the expectations that RBI may keep interest rates unchanged at its credit policy next month. Cellular services providers, auto stocks and consumer products companies were in focus. Bharti Airtel, Reliance Comms, ONGC and HDFC led the advancers. HDFC Bank and BHEL led the decliners.
- Elena
- 20 Sep, 2006
- New York City
The three major averages opened higher, rebounding from losses yesterday. The Nasdaq showed a particularly strong upward move, lifted by the software sector with Oracle rising 11.5% after reporting better-than-expected Q1 earnings growth. The brokerage sector also gained, with Morgan Stanley helping to lead the sector higher, posting an advance of 1.2%.
- Ivaylo
- 20 Sep, 2001
- New York City
Traders expect the Fed announcement to keep interest rates unchanged, but to provide a guidance on future policy. The minutes of the last meeting indicated that the Fed would remain ultra vigilant on data. The plunge in energy prices since the last FOMC meeting will no doubt be referred to as it supports growth. Banks were among the strongest performers, while Mining stocks were among the main decliners. The FTSE 100 was up 0.17% by mid-day.
- Elena
- 20 Sep, 2006
- New York City
A six-month low by crude oil futures and better-than-expected quarterly results at Oracle and Morgan Stanley helped generate positive sentiment too. Morgan Stanley, the largest U.S. investment bank, rose 2% before the opening bell after it said earnings from continuing operations and excluding items rose 59%.
- Elena
- 20 Sep, 2006
- New York City
The software giant said net income was a record $670 million, or 13 cents a share, compared with $519 million, or 10 cents a share last year. The upbeat quarterly results were largely attributable to the $20 billion acquisition spree of the company.
- Ivaylo
- 20 Sep, 2006
- New York City
Several banks started considering lowering the credit rating of the country, including Standard & Poor''s Ratings Services. Some analysts, though, predicted that the coup impact may be limited and possibly even wrench Thailand out of the political crisis. Concerns about the coup contributed to declines on Asian markets as investors recalled how a slump in the Thai baht in 1997 sparked a crisis in emerging markets in Asia and around the world.
- Ivaylo
- 20 Sep, 2006
- New York City
The meeting of the U.S. Federal Reserve interest rate setting committee scheduled for later in the day and the military coup in Thailand, which triggered overnight losses in Asian markets accounted for the hesitant start of European stocks, although gains from software firm SAP and supermarkets Ahold and Delhaize offered indexes some respite. The U.K. FTSE 100 index edged down less than 0.1%, while the German DAX Xetra 30 index advanced 0.3% and the French CAC-40 index increased 0.2%.
- Ivaylo
- 20 Sep, 2006
- New York City
One can contend that expectations failed that the dollar would weaken on the back of higher interest rates, mixed with talk that inflation has moderated, is weighing on gold prices. Gold typically moves inversely to the dollar, and the metal is regarded as a hedge against inflation. Oil also fell on Tuesday.
- Ivaylo
- 20 Sep, 2006
- New York City
One can contend that expectations failed that the dollar would weaken on the back of higher interest rates, mixed with talk that inflation has moderated, is weighing on gold prices. Gold typically moves inversely to the dollar, and the metal is regarded as a hedge against inflation. Oil also fell on Tuesday.
- 123jump.com Staff
- 19 Sep, 2006
- New York City
Market averages traded lower despite lower than expected wholesale inflation. Producer Price Index rose 0.1% but core index fell 0.4% for the month of August. Oil fell more than $2 on the news that OPEC may not have to cut the porduction in the coming years. Yahoo CEO said that financial and auto advertising is slowing dragging the stock 11% lower. Thai military launched a coup against the Prime Minister Thaskin.
- Elena
- 19 Sep, 2006
- New York City
The Thai coup news contributed to further market decline after being hit by a sharp drop in the pace of U.S. housing starts in August, down 6%, the lowest point in over three years. The Nasdaq composite index made the steepest decline by 22.55, or 1.01%.
- Elena
- 19 Sep, 2006
- New York City
European markets finished steeply in the red, despite benign U.S. wholesale inflation data and earnings-inspired gains. DaimlerChrysler lost 0.1% amid profit warning, while auto parts supplier GKN dropped 4.3% after UBS downgraded the company following DaimlerChrysler''s warning. London FTSE 100 dropped 1%, followed by the German DAX 30, down 0.9%, and CAC 40, down 0.6%.