- Elena
- 13 Apr, 2006
- New York City
Stocks turned positive in late morning trading on optimism the Fed Reserve will halt the increase of interest rates after government data indicated the economy was growing at a slower pace. Bayer AG rose 34 cents to $40.59 after it made an official takeover bid of $20.01 billion for German drugmaker Schering AG. General Electric slid 32 cents to $34.14 on Q1 profit rise of 9%, meeting analyst estimates.
- Elena
- 13 Apr, 2006
- Mumbai
For the week Indian market has lost more than 3% as trading for the week closed. Cement and metal stocks remained high despite volatile week. Reliance Petroleum IPO was over subscribed in the first hour of trading. Earnings from IT companies are to dominate market in the coming weeks. Infosys and Satyam to release earnings.
- Elena
- 13 Apr, 2006
- New York City
U.S. stocks started trading down, reflecting interest rate worries on strong retail sales and four-year high bond yields. The 10-year treasury yield climbed above 5% for the first time since June of 2002. Rate-sensitive housing and utilities stocks came under pressure. Quarterly results from General Electric also weighed as the company posted Q1 net income rise in line with expectations.
- Elena
- 13 Apr, 2006
- New York City
The Commerce Department said that retail sales rose 0.6% in March following a revised 0.8% decline in February. Economists had expected sales to increase 0.5%. The Labor Department released a report showing that initial jobless claims in the week ended April 8 rose to 313,000 from the previous week''''''''s revised figure of 301,000. Economists had expected a much more modest increase in jobless claims.
- Elena
- 13 Apr, 2006
- Frankfurt
European stocks turned lower at mid-day trading, reflecting weakness among oil companies and sharply higher bond yields. Positive news from Carrefour failed to offset the negative mood. The German DAX 30 fell 0.3%, dragged lower by DaimlerChrysler. The U.K.
- Elena
- 13 Apr, 2006
- New York City
Asian-Pacific markets closed mixed. The Nikkei erased morning losses and closed up 0.2% at 17,199.15, supported by strong technology and bank stocks which recovered after three days of losses. Taiwan Weighted index closed at a two-year high. South Korean Kospi rallied 1.6%, while China Shanghai Composite sharply dropped by 2%.
- 123jump.com Staff
- 12 Apr, 2006
- New York City
Investors focused their attention on earnings. February trade deficit of $65.74 billion, near peak oil prices and rising bond yields did affect the market averages. Copper, siver and gold rose to a new high at close. Earnings from Gannett, Media General, Harley Davidson disappoint but AMD and Circuit City surprise the market.
- 123jump.com Staff
- 12 Apr, 2006
- New York City
Emerging markets in Asia corrected as Jpan declined 1.5%. Hong Kong and India lost 1.0% and 2.63% respectively. Indonesia and Philippines scale new record. In Latin America Venezuela bounces back on the back of elevated oil prices. Markets in Brazil gain 1.5% but in Mexico close lower ahead of holiday weekend. Gold, silver and copper trade at record levels.
- 123jump.com Staff
- 12 Apr, 2001
- New York City
Market has turned its focus on earnings. Harley Davidson, Genentech, Media General, Gannett and Circuit City are few companies leading the news. Circuit City is trading up on earnings news but publishing comanies and Harley are on the decline. February trade deficit was no different than ther months. The U.S. has not seen trade surplus since the year 1964.
- Elena
- 12 Apr, 2006
- New York City
Boeing Co. soared to a new all-time high on news that China finalized a purchase agreement for 80 commercial jetliners from Boeing at a list price of $4.6 billion, followed by a positive comment from a Morgan Stanley analyst who said that the company''s earnings could double from 2006 to 2009. The stock rose 4%.
- Elena
- 12 Apr, 2006
- Mumbai
On the heels of weak Asian markets, Sensex in India lost 2.6% for the first time in two years. International fund managers sold more than $200 million of stocks in the last three trading sessions. In volatile trading several leading stocks of IT, telecom, pharmaceuticals and banking sectors stock fell more than 5%.
- Elena
- 12 Apr, 2006
- New York City
Stock averages opened mixed on better-than-expected earnings and downgrade of Google. Circuit City posted Q4 65% profit growth with net sales rising 12.8% on 11.6% increase in comparable store sales. Gannett posted Q1 income dropred to 99 cents a share, in line with expectations. Harley-Davidson reported 3.3% earnings rise in Q1, matching expectations. The company shares dropped 4%.
- Elena
- 12 Apr, 2006
- New York City
Stock index futures indicated flat opening as soaring oil prices and disappointing sales of a key drug by Genentech hurt sentiment. The biotechnology company reported higher quarterly profit on strong sales of cancer medicines, but disappointing sales of a drug treating rheumatoid arthritis. Circuit City posted net sales rise of 12.8% on 11.6% increase in comparable store sales. Gannett posted Q1 income dropred to 99 cents a share, in line with expectations.
- Elena
- 12 Apr, 2006
- Frankfurt
European markets traded in the negative at mid-day, reflecting a sharply lower close of U.S. markets and concerns that the strong increase in the oil price and the industrial metals will lead to higher interest rates. London FTSE 100 fell 0.6%, the German DAX 30 lost 0.6%, and the French CAC 40 dropped 0.9%.
- Elena
- 12 Apr, 2006
- New York City
Asian markets closed deeply in the red, reflecting weak high technology stocks and concerns that rising oil prices could hurt U.S. consumer spending and exporter issues. Regional decliners were led by the Nikkei which fell 1.5% to 17,162.55. Australia All Ordinaries was the second worst performer, falling 0.9%. Singapore Straits Times fell 0.3% and South Korean Kospi slipped 0.2%.