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  • 123jump.com Staff
  • 23 Apr, 2006
  • Metals

Recent events in stock market suggest that interest rate hike may come to a stop and that will be good for the econony and by extension for stock market. It is widely believed that price inflation is under check and asset inflation is temporary. The Fed has broadcasted in recent days that higher rates may wait. It is this lost time in waiting, may limit the Fed from taking actions to save dollar from future attacks in the international markets. Will gold rise in the short term?

  • 123jump.com Staff
  • 21 Apr, 2006
  • Metals

Central Bank around the world have decreased theri gold holding since the beginning of the decade. U.S. dollar volatility, persistent and growing trade and current account deficit in the U.S. may pormpt Central BAnks around the world to begin diversification of their holdings. The U.S. trade deficit is likely to reach above $900 billion by the yeaar end. Total gold holding of the U.S. is only $160 billion.

  • 123jump.com Staff
  • 21 Apr, 2006
  • New York City

Gulf of Mexico has witnessed one of the largest sustained loss of oil and gas production in the last six months. In the last six months 27% of oil and 20% of gas production has been lost. Iran suggested higher oil prices and reiterated that Western nations can afford to real oil price. In the past Iran has suggested oil price of more than $100 per barrel.

  • 123jump.com Staff
  • 21 Apr, 2006
  • New York City

Market averages for the most of the day fell after rising in the morning. Rising prices of oil and metals acted as a damper to trading sentiment. Analyst downgrade of Dell sent tech stocks lower. SanDisk and Getty Images lost 10% or more as earnings disappointed market. Mexico lowered rate from 7.25% to 7.0%. Mexico, India, Indonesia and Russia surge during the week.

  • 123jump.com Staff
  • 21 Apr, 2006
  • New York City

Emerging markets remained a favorite destination of international investors. Markets in Asia, India, Russia and Mexico staged record highs during the week led by 7% rise in India. Mexico closed at record high on ninth rate cut in nine months and Brazil cut the rate earlier this week as well. India did not raise the rate this week surprising the market. International prices of metals, commodities and oil supported emerging markets gains around the world.

  • Elena
  • 21 Apr, 2006
  • Frankfurt

European markets closed in the positive, boosted by strong U.S. markets start on the back of upbeat news from Google and 3M. The tech sector was the only decliner, dragged by disappointing quarterly results from Sweden

  • Elena
  • 21 Apr, 2006
  • Mumbai

Sensex came under heavy selling pressure in the morning trading only to lose 160 points at mid-day. The index staged a slow recovery in the last 30 minutes of trading to close 30 points lower. Sensex gained 7% for the week and amid increasing volatile trading.

  • Elena
  • 21 Apr, 2006
  • New York City

Ford posted its biggest deficit in more than four years on restructuring plan with sales down 9% on lower demand. Dow industrial 3M rose 2% on 17% quarterly profit jump, reflecting improved sales. The company increased outlook. McDonald''s Corp. said its earnings dropped 14% from the year before, despite 6% sales growth. SanDisk Corp. said Q1 profit fell almost 47% to 17 cents a share, on $623 million in revenue, blaming acquisition of Matrix Semiconductor and compensation expenses.

  • Elena
  • 21 Apr, 2006
  • New York City

Google shares sharply jumped after the company posted Q1 profit jump of 60% on revenue growth of 79%. Earnings for the quarter came in at $1.95 vs. $1.29 a year ago on gross revenue of $2.29 billion. Google generated 58% of sales from ads on its own site and 41% from its advertising partners.

  • Elena
  • 21 Apr, 2006
  • Frankfurt

European stocks rose at mid-day, supported by six-year-high close of the Dow overnight which offset disappointing news from Sweden

  • Elena
  • 21 Apr, 2006
  • New York City

Asian-Pacific benchmarks finished mixed. The leading gainer was China Shanghai Composite, rising 2.2%, led by Sinopec. South Korean Kospi reached a record high of 1.2%, lifted by major tech companies. The Nikkei rose 0.5%, helped by blue chip stocks. Markets in Hong Kong, Australia and Taiwan declined.

  • 123jump.com Staff
  • 20 Apr, 2006
  • New York City

Market averages rose in the morning hours but failed to maintain the advance at close. Oil price fell but trader near elevated level. Gold, silver and copper fell sharply. Google reported 60% rise in earnings and 79% rise in revenue and stock jumped $28 in the after hours trading. International Gaming and Technology rose 1.4% at close on better earnings. Nasdaq markets reported 42% rise in earnings. SanDisk fell 5% on earnings after hours.

  • 123jump.com Staff
  • 20 Apr, 2006
  • New York City

Emerging markets in general advanced around the wrold led by a rise in India, Indonesia, Philippines and Mexico. Brazil and Argentina declined. A sharp correction in gold and silver prices hurt South African market. Brazil lowered its Selig interest rate by 75 basis points to 15.75%. Bovespa in Sao Paolo briefly touched 40,000 index, yesterday for the first time before settling lower. India closed at record high on 9% rise Reliance Industries.

  • Elena
  • 20 Apr, 2006
  • Frankfurt

European shares closed mixed as technology, semiconductor and media stocks rallied to boost markets in France and Germany, but a sharp decline in commodities prices sent U.K. stocks lower. Strong quarterly earnings for Nokia lifted the tech sector. The French media company Vivendi declined. Rio Tinto, Randgold Resources, and Vedanta Resources advanced. The German DAX 30 led advancers, rising 1.1%, followed by the French CAC 40, up 0.9%, while London

  • Elena
  • 20 Apr, 2006
  • New York City

Merck posted 11% profit increase in the Q1, despite flat sales. Bank of America posted Q1 net income rose 14% on revenue growth of 41%. Intel posted 38% Q1 profit decline as PC sales slowed. The company cut its 2006 revenue forecast, citing rising inventories of its products. General Motors rose 9% after posting Q1 net loss of 57 cents a share, narrower than a loss of $2.22 a share a year-ago. Online auctioneer eBay fell 7.5% after it hit analyst earnings forecast.