- 123jump.com Staff
- 04 Apr, 2006
- New York City
Emerging markets continued their slow but steady clibm for the second trading day of the second quarter. Markets in Asia and Latin America mostly closed higher on strong liquidity. Thailand led the gainers with 0.9% rise but may encounter volatility in the coming days. India rose to all-time closing high and Hong Kong closed at new five year high.
- 123jump.com Staff
- 04 Apr, 2006
- New York City
Market averages are in the decline after rising in the morning. Falling oil in the morning contributed to the rise in averages. Google rose 3.5%. Apple Computer lost 2% on broker downgrade. Brokerage and construction equipment stocks rose for the second day in a row. Las Vegas Sands jumped up 5% and Lehman Bros. and Bear Stearns
up 3%.
- Elena
- 04 Apr, 2006
- Frankfurt
European markets finished in the red, dragged by weakness among energy and mining stocks. Energy companies like BP, Royal Dutch Shell declined, while miners RioTinto and BHP Billiton failed to sustain recent solid gains. However, automakers advanced with Porsche and Volkswagen closing higher. The German DAX 30 fell 0.2%, the French CAC 40 lost 0.9%, and London FTSE 100 dropped 0.3%.
- Elena
- 04 Apr, 2006
- New York City
In early session stocks traded in a lackluster fashion on cautiousness ahead of the start of the new earnings season and a key employment report, but going into afternoon trading the averages entered the positive territory. Citigroup gained 1.8% after the Federal Reserve Bank of New York lifted a year-long ban on new acquisitions.
- Elena
- 04 Apr, 2006
- New York City
Stock markets lacked drivers and traded in a lackluster fashion. Investors stood on the sidelines, staying away from major moves ahead of the start of the new earnings season and a key employment report. In corporate news, Citigroup gained after the Federal Reserve Bank of New York lifted a year-long ban on new acquisitions. Continental Airlines rose 2.3% after the company reported 81.2% rise in its March load factor.
- Elena
- 04 Apr, 2006
- New York City
Stocks were steady at opening, in line with futures predictions. Among stocks in focus, Computer Sciences is expected to be active as the company is in talks to sell itself for about $10.6 billion, and also is expected to announce 5,000 job cuts. In other news, Arcelor announced a series of measures to spurn Mittal Steel''''s hostile offer.
- Elena
- 04 Apr, 2006
- New York City
Stock futures pointed to a modestly higher start, reflecting optimism on strong corporate earnings and cautuoisness ahead of March employment report. Merrill Lynch dropped 2.8% in pre-market trading after the company said it will take a $1.2 billion charge in the Q1 after it adopts new accounting standards for stock options. Walgreen reported that March same-store sales advanced 4.3%, while total sales advanced 9.2%.
- Elena
- 04 Apr, 2006
- Mumbai
Sensex in India rose 74 points to a new record on strong liquidity and buying in banking stocks. Investors remain optimistic on the earnings for the new fiscal year. VSNL, Ranbaxy, Relaince Industries and ITC rose on news. Stock trading turnover remained at $1billion level in the session.
- Elena
- 04 Apr, 2006
- Frankfurt
European shares lost ground at mid-day, reflecting mixed close on Wall Street overnight and weakness in mining stocks like Rio Tinto and BHP Billiton, which failed to sustain recent gains. The German DAX 30 fell 0.2%, the French CAC 40 lost 0.5%, and London FTSE 100 dropped 0.4%.
- Elena
- 04 Apr, 2006
- New York City
Asian markets closed mostly in the positive. However, the Nikkei ended its seven-session winning streak to close 0.2% lower, dragged by tech and exporter-related issues. Bank and insurance stocks also weighed on sentiment after a BOJ report showed that Japan
- 123jump.com Staff
- 03 Apr, 2006
- New York City
Market average gained in the morning hours on the construction industry report. Morning enthusiasm was not supported by a broad buying in the tech and stocks and other large and small caps. Construction equipment companies Catepillar, Deere, Terex, Manitowoc and Joy Global rose more than 3% at close. Emerging markets in India, Brazil and Mexico rose close to 2% and Japan, Hong Kong and Germany rose to five-year high.
- 123jump.com Staff
- 03 Apr, 2006
- New York City
Emerging markets register gains of close to 2% in India, Brazil, Mexico, Hong Kong and South Korea on steady buying from international investors. Rising commodities prices from gold, copper to oil also helped. Investors hope that economic performance of these local economies will be sustained in the second quarter of this year. India jumped 2.5% and Mexico, Brazil and Hong Kong gained 1.9% and 1.7% respectively.
- 123jump.com Staff
- 03 Apr, 2006
- New York City
In the early afternoon trading major averages are trading below the peak reached in the morning. Dow and S&P averages are still higher by 0.7% and 0.5% respectively but Nasdaq is close to unchaged. Telecom equipment makers and energy stocks are leading the gainers for the day. GM is reported to have agreed to sell 51% of GMAC to a private equity group of Citigroup.
- Elena
- 03 Apr, 2006
- Frankfurt
Stocks in Europe rallied on the first day of the second quarter to finsh sharply up, reflecting solid gains in Asian markets, eased interest-rate concerns, and strength in mining and auto stocks. Takeover deals also supported sentiment with Alcatel in the spotlight after the company agreed to acquire Lucent Technologies for $14.45 billion in stock. The German DAX 30 reached a five-year high of 0.9%, the French CAC 40 advanced 0.7% and London FTSE 100 surged 1.1%.
- Elena
- 03 Apr, 2006
- New York City
Stocks traded in the positive, lifted by acquisitions. GM announced that it is selling a 51% stake in GMAC to an investor group, including Cerberus Capital Management, Citigroup Inc. and Aozora Bank Ltd. In another takeover deal, Alcatel agreed to acquire Lucent for $13.4 billion. Verizon Communications sold its Caribbean and Latin American operations for $3.7 billion.