- Elena
- 17 Apr, 2006
- New York City
Stocks traded little echanged as surging oil prices limited gains. Citigroup, the largest U.S. bank reported Q1 profit rise of 4% on revenue growth from foreign operations. Elsewhere in the bank sector, Wachovia said that its Q1 net income advanced 7% to $1.09 a share, but missed estimates of $1.12 a share. Charles Schwab Corp. posted 68% jump in Q1 income on record revenue. Knight Ridder reported Q1 profit decrease of 42 cents a share from 79 cents last year, despite revenue increase.
- Elena
- 17 Apr, 2006
- Mumbai
Sensex recovered the loss of the prior week on strong earnings from Infosys and Gujarat Ambuja and HDFC Bank. The Reserve Bank of India is likely to hike interest rate in tomorrow policy announcement. Metals, tech and banking sectors rallied on a lower than average daily turnover.
- Elena
- 17 Apr, 2006
- New York City
Stocks opened above the flat line, supported by strong earnings report from Citigroup. The largest U.S. bank reported Q1 profit rise of 4% on revenue growth from foreign operations. Elsewhere in the bank sector, Wachovia said that its Q1 net income advanced 7% to $1.09 a share, but missed estimates of $1.12 a share. Charles Schwab Corp. posted 68% jump in Q1 income on record revenue. Knight Ridder reported Q1 profit decrease of 42 cents a share from 79 cents last year, despite revenue increase.
- Elena
- 17 Apr, 2006
- New York City
Stock futures predicted a slightly positive start, reflecting strong earnings report from Citigroup. The largest U.S. bank reported Q1 profit rise of 4% on revenue growth from foreign operations. In other earnings news, Wachovia Corp. said that its Q1 net income advanced to $1.09 a share, up from $1.01 a share a year earlier, but missed estimates of $1.12 a share. Knight Ridder reported Q1 profit decrease of 42 cents a share from 79 cents last year, despite revenue increase.
- Elena
- 17 Apr, 2006
- New York City
Asian markets closed mixed with the Nikkei leading decliners on surging oil and gold prices. Weakness among real estate and consmer financial stocks also helped the downward trend to lead the Japanese index down 1.4% ro 17,000.36. South Korean Kospi lost ground after record highs to end lower 0.7% on profit taking. Among gainers, China Shanghai Composite rose 1.4%, followed by Taiwan Weighted index, up 0.7%.
- Yordanka
- 16 Apr, 2006
- New York City
Two drug discovery companies'' initial public offerings fell in their first day of trading, as investors avoided higher-risk deals. Biopharmaceutical companies Targacept and Vanda Pharmaceuticals both priced $2 below their expected ranges, and then went lower.
- Elena
- 14 Apr, 2006
- New York City
Asian markets posted solid gains at close of Friday session. The leading gainer was China Shangai Composite, climbing 2.04% on steel stocks, followed by South Korean Kospi, up 1.9%, boosted by Samsung Electroncs, Posco and other major companies. The Nikkei gained 0.2% on technology and automaker stocks.
- 123jump.com Staff
- 13 Apr, 2006
- New York City
Short trading week was dominated by rising bond yield, volatile oil price and record prices in the metals market. Oil closed up for the week and reached near $70, gold, silver and copper trader near multi-decade highs and bond yields are above 5%. Earnings are beginnig to gain investors focus. Media publishers reported lower earnings. GE reported 39 cents and AMD 38 cents. AMD lost 10%. March retail sales rose 0.6%.
- 123jump.com Staff
- 13 Apr, 2006
- New York City
Emerging markets closed mostly up for the day and for the week. Investors remained optimistic in Indonesia, Hong Kong and Brazil. Several markets are already closed for the holiday period. India corercted more than 3% for the week on extremely volatile trading. Recently listed Brazilian airline TAM International completed global offering of $730 million. Stock rose 15% in New York trading.
- 123jump.com Staff
- 13 Apr, 2006
- New York City
Earnings news dominated trading. Rising jobless claims and consumer confidence along with firmer retail sales put bond market on alert. Yields on ten and thirty year bonds rose past 5%. European market close mostly lower ahead of holiday weekend. Oil and gold decline a fraction. General Electric met but AMD exceeded expectations but stocks decline.
- Elena
- 13 Apr, 2006
- Frankfurt
European markets revesed from mid-day declines to finish higher,lifted by strength among U.S. tech stocks and robust sales growth for Carrefour. The world''s second-biggest retailer jumped 3.7% after the company reported first-quarter sales growth of 6% at constant exchange rates and 8.3% at current exchange rates. Ahead of the long Easter holiday, the German DAX 30 gained 0.3%, the U.K.
- Elena
- 13 Apr, 2006
- New York City
Stocks turned positive in late morning trading on optimism the Fed Reserve will halt the increase of interest rates after government data indicated the economy was growing at a slower pace. Bayer AG rose 34 cents to $40.59 after it made an official takeover bid of $20.01 billion for German drugmaker Schering AG. General Electric slid 32 cents to $34.14 on Q1 profit rise of 9%, meeting analyst estimates.
- Elena
- 13 Apr, 2006
- Mumbai
For the week Indian market has lost more than 3% as trading for the week closed. Cement and metal stocks remained high despite volatile week. Reliance Petroleum IPO was over subscribed in the first hour of trading. Earnings from IT companies are to dominate market in the coming weeks. Infosys and Satyam to release earnings.
- Elena
- 13 Apr, 2006
- New York City
U.S. stocks started trading down, reflecting interest rate worries on strong retail sales and four-year high bond yields. The 10-year treasury yield climbed above 5% for the first time since June of 2002. Rate-sensitive housing and utilities stocks came under pressure. Quarterly results from General Electric also weighed as the company posted Q1 net income rise in line with expectations.
- Elena
- 13 Apr, 2006
- New York City
The Commerce Department said that retail sales rose 0.6% in March following a revised 0.8% decline in February. Economists had expected sales to increase 0.5%. The Labor Department released a report showing that initial jobless claims in the week ended April 8 rose to 313,000 from the previous week''''''''s revised figure of 301,000. Economists had expected a much more modest increase in jobless claims.