- Elena
- 13 Jul, 2006
- New York City
U.S. stock futures dropped Thursday, dragged by record-high oil prices and a brokerage downgrade of Wal-Mart Stores Inc. Merrill Lynch lowered its rating on Wal-Mart Stores to
- Elena
- 13 Jul, 2006
- New York City
Aviva will pay $69 in cash per AmerUs share, a 10% premium to the closing price of July 6, the day before Aviva confirmed they were in talks. The transaction is expected to be completed in the fourth quarter. Aviva shares fell 0.8% to 707 pence on the LSE.
- Ivaylo
- 13 Jul, 2006
- New York City
Asian stocks sank Thursday led by broad losses on U.S. markets, with exporters including Toyota Motor and Canon Inc. reporting some of the largest declines in Japan, while Shanghai shares dropped nearly 5% to lead regional losers. The Hang Seng Index in Hong Kong also fell as well as the Kospi of South Korea and Australia benchmark S&P/ASX 200.
- Ivaylo
- 13 Jul, 2006
- New York City
European markets opened lower on Thursday as investors continued to worry about the early progress of the U.S. second quarter earnings season and as crude oil prices topped $75 a barrel once more amid heightened geopolitical tensions. The U.K. FTSE 100 index declined 0.7%, the German DAX Xetra 30 index sank 1.3% and the French CAC-40 index lost 1.1%.
- Ivaylo
- 13 Jul, 2006
- Metals
Gold hit its highest level in six weeks at $657 during the session, but at the close, the contract lost momentum as light profit-taking appeared and buyers were there to pick up the slack. Ongoing geopolitical issues involving Iran, India and North Korea have been the catalyst of the recent rally.
- 123jump.com Staff
- 12 Jul, 2006
- New York City
Market averages reversed the earlier course in the mid-afternoon as tech stocks declined. Analysts downgrade on IBM and Dell pushed tech heavy Nasdaq down near 2%. Apple Computer fell on analyst comments. Oil and gold gained. European markets closed higher on earnings expectations. Mexico and Brazil closed lower. India rebounded with 3% rise, one day after bombings. U.S. trade deficit in May rose to $63.8 billion, sixth largest deficit ever.
- Elena
- 12 Jul, 2006
- Frankfurt
European markets finished in the positive on hopes for strong second-quarter earnings season and gains for resource and automotive stocks. gainers were miners like Antofagasta and Vedanta Resources. A decline of the euro versus the dollar boosted automakers like DaimlerChrysler and Renault. The German DAX 30 rose 0.4%, the French CAC 40 climbed 0.6%, and London FTSE 100 edged up 0.1%.
- Elena
- 12 Jul, 2006
- New York City
Although a series of blasts shook Mumbai on Tuesday evening, Indian stock market opened strong on Wednesday, undeterred by the terror attacks, and surged 3% supported by strong Q1 results from the IT sector. Infosys rose 8% and guided upward fiscal year 2007 earnings and revenue.
- Elena
- 12 Jul, 2006
- New York City
Stocks opened near the flat line Wednesday, reflecting a government report on trade deficit and a decline for Microsoft Corp. following an unfavorable EU antitrust ruling. The Commerce Department reported the trade imbalance rose by 0.8% in May to $63.8 billion, mainly due to higher oil prices. The increase was smaller than the 2.5% rise that economists expected but still represented the sixth largest deficit in history.
- Elena
- 12 Jul, 2006
- New York City
U.S. equity futures indicated a flat opening, with tech stocks expected to come under pressure as European antitrust regulators fined Microsoft Corp. $357 million for not complying with a 2004 antitrust ruling. In earnings news, biotechnology company Genentech reported Q2 earnings that increased from last year and beat analysts'''' estimate on higher revenues, boosted by strong sales of its cancer drugs, including Avastin.
- Elena
- 12 Jul, 2006
- New York City
In addition, the EU threatened penalties of $3.82 million a day beginning July 31 unless the company supplies
- Ivaylo
- 12 Jul, 2006
- New York City
Asian markets were divided into winning and losing camps Wednesday, with gains in the Japanese yen dragging down the Nikkei Average. South Korea followed Japan lead, while Hong Kong Hang Seng Index reversed early loses to end in positive territories. Shares in Shanghai and Taiwan also settled lower.
- Ivaylo
- 12 Jul, 2006
- New York City
European markets extended its early gains by mid-morning on Wednesday after a late overnight rally on U.S. markets but high oil prices continue to weigh on investor sentiment. Corporate news flow was set to be relatively light. The U.K. FTSE 100 index gained 0.4%, the German DAX Xetra increased 0.9% and the French CAC-40 index rose 0.6%.
- Ivaylo
- 12 Jul, 2006
- Metals
Early in the trading, as gold was already making gains alongside oil while the dollar slipped against the euro, news broke that a number of blasts hit commuter rail network of Mumbai during rush hour Tuesday, killing more than 100 people. The bombing was the catalyst of the rally in gold. In addition, technical factors were also at the forefront of the rally as funds returned as buyers to the marketplace.
- 123jump.com Staff
- 11 Jul, 2006
- New York City
Earnings and techs were in limelight. Alcoa revenue miss kept market averages under check in the morning trading. In the afternoon, news on KLA-Tencor supported a reversal in tech stocks led by a sharp gain in semiconductor stocks. Oil rose. Gold jumped $17 on the news of seven bomb blasts in Mumbai, India. European stocks closed lower, on the weakness in tech stocks. Mexico declined 0.6% but Brazil and Argentina gained.