- Elena
- 11 May, 2006
- Mumbai
The market weakness sprang from the left parties
- Elena
- 11 May, 2006
- New York City
April retail sales rose slightly below expectations. The Commerce Department said that retail sales rose 0.5% in April against economist estimates of an increase of 0.7%. The report also showed that sales at motor vehicle and parts dealers fell 0.4% after increasing 1% in March.The weaker-than-expected sales added to speculation that the Fed Reserve will leave interest rates unchanged at its June meeting.
- Elena
- 11 May, 2006
- New York City
Stock futures were set to open in the positive, boosted by strength in oil and mining companies, following a sharp advance in the price of oil, copper, gold and platinum. Shares of Exxon Mobil Corp. and ConocoPhillip gained. Dow component AIG reported after closing bell disappointing quarterly results as Q1 profit declined 16% on increased expenses.
- Elena
- 11 May, 2006
- Frankfurt
European markets recovered on Thursday, following U.S. interest-rate increase overnight and receiving a strong support from commodity stocks. The biggest gainers were copper miner Xstrata and oil company BP. The German DAX 30 rose 0.5%, the French CAC 40 climbed 0.8%, and London FTSE 100 gained 0.3%.
- Elena
- 11 May, 2006
- New York City
Asian markets finished mixed Thursday. The Nikkei dropped for a third session in a row, pressured by strengthening yen and possible slowdown in Japanese corporate earnings as a result. The index fell 0.5% to 16,862.10 reflecting weakness in automakers and bank stocks. China Shanghai Composite reversed from recent strength and dropped 0.5% on profit-taking.
- Ivaylo
- 11 May, 2006
- Metals
Worries over inflation have been an integral part of the bullish mood powering the rally in the metal trading, together with tensions over Iran
- 123jump.com Staff
- 10 May, 2006
- New York City
The Federal Reserve increased interest rates by a quarter percent to 5%. The market average has already factored in the rate hike. Baidu.com, Inc reported a revenue increase of 196.8% to $16.9 million, compared to the estimated $15.14 million. Cisco revenue rose 18% topping expectations by $.15 billion. Toyota Motor Corp reported a 39% rise in fourth quarter profit. Legg Mason, Inc reported its net income $1.03 a share, short of the anticipated $1.25 a share.
- 123jump.com Staff
- 10 May, 2006
- New York City
The Federal Reserve raised interest rates a quarter percent to 5%, the highest level in five years, forcing U.S. stocks down. Whirlpool Corp. said it will consolidate operations by cutting 4,500 jobs and closing several plants as part of its acquisition of Maytag Corp. Baidu.com, Inc. reported earnings of $4.4 million. Legg Mason was 22 cents a share short of expectations. Toyota reports that it sold .3 million more vehicals in North America that it did a year ago.
- Elena
- 10 May, 2006
- Frankfurt
European markets extended earlier losses to finish in the negative ahead of the U.S. Fed Reserve interest-rate decision. Weaker dollar pressured export-related issues like tech stocks Infineon Technologies, Philips Electronics, and SAP. However, carmaker DaimlerChrysler rose 1.2% as Deutsche Bank upgraded the company to buy from hold. The German DAX 30 dropped 0.4%, the French CAC 40 declined 0.6%, and London
- Elena
- 10 May, 2006
- New York City
Major averages turned mixed in late morning trading. The Dow moved to the upside supported by General Motors, up 2.3%. The Nasdaq traded lower as disappointing forecasts from Cisco and Federated weighed. Disney reported earnings increase of 12% last quarter, helped by strong television ratings and increased theme park attendance.Toyota Motor posted Q4 net profit rise of 39% on 18% sales growth.
- Elena
- 10 May, 2006
- Mumbai
Indian bank stocks were boosted by hopes that U.S. fed will stop hiking the rates, a policy, followed for almost two years now. Solid metal prices in the global markets pushed metal stocks up. Copper jumped over $8000 a ton on supply fears, igniting a dizzying rally. Reliance Industries gained, ahead of the listing of its subsidiary Reliance Petroleum on Thursday. Cement and auto shares declined.
- Elena
- 10 May, 2006
- New York City
Stocks opened lower Wednesday as investors anxiously awaited Fed Reserve interest-rate decision. Negative sentiment was also generated by disappointing forecasts from Cisco Systems and Federated Department Stores. Cisco shares dropped 3%. Federated fell 3%. The company posted Q1 loss of 19 cents per share vs. profit of 71 cents a year ago, citing costs from acquiring May Department Stores.
- Elena
- 10 May, 2006
- New York City
U.S. stock futures pointed to a weak opening ahead of Fed Reserve interest-rate decision, due out in the afternoon. The benchmark fed funds rate is expected to be raised by a quarter of a point to 5%. In pre-market trading BIDU shares jumped 27% after China''s Web search system reported sharply higher quarterly earnings. Cisco Systems reported better-than-expected profit, but fell about 0.8% on a disappointing revenue forecast.
- Elena
- 10 May, 2006
- New York City
Asian markets finished largely in the negative, dragged by weaker dollar and cautiousness ahead of U.S. Fed Reserve interest-rate decision. The Nikkei dropped 1.4% to 16951.93 as the weak dollar weighed on exporter-related issues. Shanghai Composite rose 1%, extending gains to hit a 2-year high on fresh fund flows. Hong Kong
- Elena
- 10 May, 2006
- Frankfurt
European stocks traded in a tight range at midday as investors were cautious ahead of the U.S. Fed Reserve interest-rate decision. In addition, weaker dollar pressured export-related stocks. Shares of tech companies like Infineon Technologies and Philips Electronics moved lower. Automakers were supported by DaimlerChrysler which rose 2.5% as Deutsche Bank upgraded the company stock. The German DAX 30 gained 0.2%, the French CAC 40 lost 0.1%, and London