- 123jump.com Staff
- 04 Jul, 2006
- New York City
Markets around the world traded higher but on a lighter volume in the abscence of U.S. investors. Asian markets closed higher but European market closed near flat line. Mexican Bolsa gained for the second day in a row as investors fears of street protests appear to subside. The too-close to call election may have many twists in the coming days. Both parties are likely to challenge the Presidential election results in the coming days.
- 123jump.com Staff
- 04 Jul, 2006
- Mumbai
The Indian Sensex fell as large caps declined in a volatile trading. Earlier in the trading, the Sensex had soared more than 100 points at the opening. Cement leader, ACC, as well as State Bank of India and Reliance Industries gained, while L&T led the decliners. Honda Motors to consolidate its various operations in India.
- Ivaylo
- 04 Jul, 2006
- New York City
According to analysts the economic indicators were helping drive markets in what is a continuation of the positive feeling after the Tankan survey, especially the very strong capital investment numbers. That has really given some comfort as regards the medium term economic trend.
- Ivaylo
- 04 Jul, 2006
- New York City
European shares slipped lower in light trading on Tuesday, with the automobile sector in decline on worries over the state of both the U.S. and European market and the weaker dollar. The U.K. FTSE 100 index declined 0.2%, the German DAX Xetra 30 index dipped 0.1% and the French CAC-40 index lost 0.1%.
- Ivaylo
- 04 Jul, 2006
- Metals
The gold market continues to be buoyed by speculation that the central banks of China and the United Arab Emirates are intent on increasing their gold reserves, although there is no clear evidence of central bank buying this year. However, the upward move in precious metals seems not to extend to base metals.
- 123jump.com Staff
- 03 Jul, 2006
- New York City
Markets around the world gained on the first day of the third quarter. Averages rose in Asia, Europe and Americas. Mexico led the global gain with 4.2% surge. Investors perceived that the ruling party candidate has 1% lead when 96% of votes were counted. Construction spending fell unexpectedly in May, according to the Commerce Department. June sales of GM, Ford, Chrysler and Nissan declined. Honda and Toyota reported sales gain.
- Elena
- 03 Jul, 2006
- Frankfurt
European markets ended higher, lifted by gains for oil majors and merger-and-acquisition news. Oil companies BP and Royal Dutch Shell rose 1.2% and 1.4% respectively. Merger-and-acquisition speculation also helped to inspire European gains, including British supermarket group WM Morrison, up 3.7% and brewing company SABMiller, up 1.2%. The German DAX 30 rose 0.55, the French CAC 40 added 0.3%, and London FTSE 100 climbed 0.9%.
- Elena
- 03 Jul, 2006
- New York City
Stocks moved moderately higher in light pre-holiday trading, reflecting mild economic data and news of a possible alliance between General Motors Corp. and Nissan Motor. In economic news, the ISM''s June manufacturing index fell 0.6 points to 53.8, while economists were expecting a rise to 55. In another report, the Commerce Department said that a sharp decline in homebuilding drove a 0.4% decline in May construction spending, vs. expectations of a 0.2% increase.
- Elena
- 03 Jul, 2006
- New York City
Dow component General Motors Corp. boosted market sentiment, rising 1.6% on news of possible alliance with French automaker Renault and Japanese Nissan. Traders also awaited the June reading of the Institute for Supply Management''s manufacturing index, hoping the report would provide clues about economic growth and interest-rate increases.
- Elena
- 03 Jul, 2006
- New York City
Stock futures indicated a positive start of Monday trading session ahead of June manufacturing data and the Independence day holiday tomorrow. Positive news from Dow component General Motors Corp. is expected to give a further boost to stocks. Wal-Mart announced that June same-store sales rose 1.2%, the low end of its forecast.
- Ivaylo
- 03 Jul, 2006
- New York City
Gold once again pushed well through the $600 an ounce mark as the dollar weakened on Friday and crude edged back towards the psychological $75 a barrel, the mining and petrochemical stocks were looking to be in favour once again. Asian stocks also helped starting off the week in a positive mood after bullish results from the Bank of Japan''s quarterly tankan survey of business sentiment boosted financials, retailers and exporters.
- Ivaylo
- 03 Jul, 2006
- New York City
A combination of the dollar''s demise against other major currencies following the U.S. Fed