- 123jump.com Staff
- 30 Mar, 2006
- New York City
Emerging markets are set to deliver stellar performance in the first quarter 2006 as most markets are likely to surpass the gains in the market averages in the U.S. and Europe. Russia and India are to lead the performers with the gains of 25% and 16% respectively. Brazil, Mexico and Venzuela are also set to deliver respectable performance. Rising commodity prices, steady fund flows and strong domestic economies are helping local indexes.
- 123jump.com Staff
- 30 Mar, 2006
- New York City
Stock averages are under pressure as yields on the bond rose. The latest data on price deflator index at 2.4% worried investors that more rate hikes may be necessary. Crude oil traded near $67 per barrel and gold at 25-year high drove energy and materials stocks higher. Nokia traded 1.2% higher as it revised the growth guidance.
- Elena
- 30 Mar, 2006
- Frankfurt
European markets rallied Thursday to close with solid gains and German and French stocks at multi-year highs. Strong rally in the mining sector, 4.8% rise in the stock of Nokia and other merger-and-acquisition activity, sent stocks sharply up. The German DAX 30 surged to 1.2%, the French CAC 40 climbed 1.2%, and London FTSE 100 rose 1%.
- Elena
- 30 Mar, 2006
- New York City
U.S. stocks erased earlier gains to move to the negative as data showed stronger-than-expected inflation in the fourth quarter, sending the treasury yield to a two-week high. Consequently, interest-rate sensitive stocks, such as banks and utilities, fell on fears of further interest rate hikes. Shares of Citigroup fell 0.7%, while shares of No. 4 U.S. bank Wachovia fell 1%.
- Elena
- 30 Mar, 2006
- New York City
Stocks traded in the positive, supported by Best Buy and Nokia with investors digesting data on a modest GDP rise and decline of initial jobless claims. Best Buy posted a 13% rise in Q4 earnings on 16% sales growth. Nokia projected annual growth for worldwide mobile device sales to 15% from a prior target of 10%.
- Elena
- 30 Mar, 2006
- New York City
Stocks opened higher,lifted by positive quarterly results from Best Buy and improved outlook from Nokia. Best Buy reported Q4 profit rise of $644 million, or $1.29 per share, boosted by strong sales of flat-panel televisions and MP3 music players. Gains by semiconductor and wireless stocks contributed to the strength in the tech sector. Gold, energy and brokerage stocks also posted strength.
- Elena
- 30 Mar, 2006
- New York City
Stock futures pointed to a flat start of Thursday session, reflecting oil prices increase. A plan announced by Google to sell 5.3 million shares for $2.09 billion also weighed. Best Buy Co. reported Q4 profit rise of $644 million, or $1.29 per share, boosted by strong sales of flat-panel televisions and MP3 music players. Revenue rose to $10.7 billion and comparable-store sales rose 7.3%.
- Elena
- 30 Mar, 2006
- New York City
Domestic and international investment in the Indian stock market is supporting the broad advances in large cap stocks. With the steady economic growth and strong consumer spending is supporting the stocks in the industrial, IT and banking sector. Sensex index gained for the fifth day in a row and added 1.1% for the day as the index closed at all-time high of 11,307.
- Elena
- 30 Mar, 2006
- New York City
European averages traded higher at mid-day, reflecting solid U.S. gains overnight, strong mining stocks and merger-and-acquisition activity. U.K. lender Alliance & Leicester rose 3.4% after it rejected a $10.1 billion offer from French bank Credit Agricole. The German DAX 30 rose 0.5%, the French CAC 40 climbed 0.6%, and London FTSE 100 surged 0.7%.
- Elena
- 30 Mar, 2006
- New York City
Asian-Pacific benchmrks closed mostly in the positive, supported by a strong rally on Wall Street. The Nikkei hit a new record, rising 0.6% to 17,045.34 for the first time in nearly six years. The Japanese index was boosted by technology and banking stocks. Hong Kong Hang Seng rose 0.9%, despite investors worries about interest rate increases. Taiwan Weighted index also climbed to 0.7% on tech shares. China Shanghai Composite fell 0.8% on property and metals stocks.
- 123jump.com Staff
- 29 Mar, 2006
- New York City
After the interest rate hike markets around the world adjusted to the higher rates and rose from Japan to UK,France, Germany, Mexico, India and Brazil. Crude oil, gold, silver and copper also staged a rally powering stocks in the energy and mining sector. Tech stocks staged a strong advance as hardware, software, Internet stocks rose and recent favorites Google and Apple made a comeback.
- 123jump.com Staff
- 29 Mar, 2006
- New York City
in the early afternoon trading tech stocks lead a strong rally in Nasdaq stocks with a gain of 1.4%. Financial brokers and investment bankers rise along with tech stocks. Three major averages are trading at their best level for the day as Dow and S&P join the tech lead advance. Energy stocks are on the move on volatile energy price and weekly energy report. Two REITs Boston properties and Kimco Properties will be added to S&P 500.
- Elena
- 29 Mar, 2006
- Frankfurt
European averages closed higher as strength in energy stocks offset concerns about interest rate increases and mixed performance in the retail sector. The German DAX 30 rose 0.4%, the French CAC 40 climbed 0.6%, and London FTSE 100 gained 0.4%.
- Elena
- 29 Mar, 2006
- New York City
Bargain hunting helped stocks trade in the positive with the Nasdaq jumping 1%, supported by 3.2% rise in Google shares and 5.4% rise in Sun Microsystems stock. The Dow was helped by shares of 3M Co. which rose 2.3%. Shares of GM fell 3.9% after saying it would restate financial results for financing arm GMAC from 2003 through the third quarter of 2005.
- Elena
- 29 Mar, 2006
- New York City
Bargain hunting helped stocks trade in the positive, recovering from the heavy losses posted yesterday after the Fed Reserve released its statement on interest rate hikes. Brokerage upgrades on 3M and Sun Microsystems lifted market sentiment. Shares of 3M rose 2.6%, while Sun Microsystems jumped 6.2%. Shares of GM fell 3.9% after saying it would restate financial results for financing arm GMAC from 2003 through the third quarter of 2005.