- Elena
- 03 Apr, 2006
- Mumbai
Sensex in India rose 2.52% on robust buying from domestic and foreign institutional investors. IT stocks rose on the hopes of better than expected earnings from Infosys. Auto stocks rose strong unit sales from Bajaj, TVS and Maruti. Scooter sales for March are up 30% and auto sales are up 16%. Sensex rose from 11,000 to 11,500 in 21 trading days.
- Elena
- 03 Apr, 2006
- New York City
Stocks opened higher at the beginning of the second quarter, lifted by merger deals and expectations of solid manufacturing growth. General Motors announced a plan to sell a majority stake in GMAC for $14 billion over three years. Alcatel rallied close to 5% after unveiling its $13.5 billion stock swap for Lucent.
- Elena
- 03 Apr, 2006
- Frankfurt
European stocks started the second quarter sharply higher, reflecting broad rally in the Asian-Pacific region and some merger-and-acquisition activity. The German DAX 30 hit a five-year high, rising 0.6% to 6,004, outpacing London FTSE 100, rising 0.6% to 6,002. The French CAC 40 also advanced 0.6%.
- Elena
- 03 Apr, 2006
- New York City
Asian-Pacific markets finished sharply higher, reaching multi-year highs. The Nikkei closed at a six-year high, rising 1.6% to 17,333.31 on improved confidence in the economic recovery and strength in the tech, banking and insurance sectors. Hong Kong Hang Seng reached a five-year peak of 1.6% to 16,063.75, supported by China Mobile and property blue-chip stocks. China Shanghai Composite rose 1.6% and Taiwan Weighted index gained 0.7%.
- 123jump.com Staff
- 31 Mar, 2006
- New York City
Market averages rose in the first quarter as interest rates rose two 0.5% to 4.75% and oil price rode back to near peak levels. Robust price of commodities such as oil, iron ore, copper, gold and silver did not slow down the market climb. Small cap stocks outpaced the large cap stocks one more time. Emerging markets led the world markets in the first quarter as Venezuela, Russia and India led the gainers with 44%, 26% and 20% returns respectively.
- 123jump.com Staff
- 31 Mar, 2006
- New York City
Emerging markets in Asia and Latin America led advancers. Venezuela, Russia and India led with a gain of 44%, 26% and 20% respectively. Firm prices in commodites such as oil, iron ore and metals supported the advances in Brazil, Mexico and Venezuela as well. Rising corporate profits and consumer spending supported index in india. Taiwan and South Korea delivered negative returns for the quarter.
- Elena
- 31 Mar, 2006
- Frankfurt
European stocks closed in the negative territory on the last day of the first quarter. Stocks were dragged down by weakness among tech and mining stocks. The German DAX 30 lost 0.2%, the French CAC 40 declined 0.4%, and London FTSE 100 dropped 0.8%.
- Elena
- 31 Mar, 2006
- New York City
At mid-day trading stocks turned flat as weakness in the oil sector offset the upward momentum generated by tame inflation data. Energy stocks declined after U.S. light crude dropped $1.45 to $65.70 a barrel. Meanwhile airline shares advanced, benefiting from the lower price with the whole sector rising 2%. Financial stocks, including banking and brokerage advanced.
- Elena
- 31 Mar, 2006
- New York City
Stocks traded modestly higher on tame inflation data, but buying interest remained subdued. Personal income and spending data for February showed a slowdown in inflation, with core personal consumption expenditure rising 0.1%, in line with forecasts. On the last day of the first quarter, the Dow industrials and S&P 500 index look to be on track for their best Q1 since 1999 and the Nasdaq for the best performance since the Internet bubble burst in 2000.
- Elena
- 31 Mar, 2006
- New York City
Stocks opened higher as economic report on personal income and spending offset inflation worries and lifted market sentiment. The Commerce Department reported that personal consumption spending rose by 0.1% last month, the weakest gain in six months. The report also showed that personal income rose by 0.3% in February after rising by 0.7% in January.
- Elena
- 31 Mar, 2006
- New York City
Stock futures pointed to a positive start as economic report on personal income and spending lifted sentiment. The Commerce Department reported that personal consumption spending rose by 0.1% last month, the weakest gain in six months. The report also showed that personal income rose by 0.3% in February after rising by 0.7% in January.
- Elena
- 31 Mar, 2006
- New York City
Sensex index in India fell for the day but rose 3% for the week and 20% in the current quarter. Liquidity driven market rise is supported by higher tax collection, rising profits and strong consumer demand for credit, housing, light vehicles. Market lost 27 points for the day and gained more than 300 points for the week.
- Elena
- 31 Mar, 2006
- Frankfurt
European stocks lost ground at mid-day dealings, reflecting sharp declines on Wall Street overninght when blue-chip stocks dropped on concerns over interest-rate hikes. The German DAX 30 dropped 0.4%, the FRench CAC 40 lost 0.4%, and London FTSE 100 fell 0.4%.
- Elena
- 31 Mar, 2006
- New York City
Asian-Pacific benchmarks largely advanced across the region. The Nikkei held above the key 17,000 level to close the financial year at 17,059.66. The index rose 0.1%, supported by economic data, property and pharmaceutical stocks. South Korean Kospi was the biggest advancer, surging to 1.6% on tech and financial shares. Taiwan jumped 1%, strongly supported by the tech sector, while Hong Kong dropped 0.3% on profit taking and interest rate concerns.
- 123jump.com Staff
- 30 Mar, 2006
- New York City
Market averages declined as investor refocused on inflation worries. Fourth quarter revised GDP of 1.7% from 1.6% led yield on 10-year bond to 4.87%. Oil jumped and crossed $67 per barrle and Nigeria, Iran and Venezuela contributed to the oil related jitters. Gulf of Mexico oil production is still 22% below pre-Katrina level. Gold and silver rose 25-year high and copper traded at record level.