- 123jump.com Staff
- 11 Apr, 2006
- New York City
Market averages declined on worries stemming from commodities prices and stubborn oil prices. Bond yields stayed near 5%. Gold traded near $600 and silver and copper gained. European stocks fell led by a sharp decline in Italy. Emerging markets declined led by Brazil, Argentina and Korea. Bausch & Lomb is now 45% below peak price of $89 in mid-year 2005.
- 123jump.com Staff
- 11 Apr, 2006
- New York City
Emerging markets in general declined with the sharpest declines registered in Brazil, Argentina and Korea. Pakistan market index climbed another 0.5% and has gained more than 1,100% in the last five years of trading trailing only Russia and India with gains of 3,300% and 180%. Russian Central Bank reported trade surplus of $12 billion in February matching January surplus of $12.12 billion. Brazil and Mexico declined ahead of Easter holidays.
- 123jump.com Staff
- 11 Apr, 2006
- New York City
Bausch & Lomb declines close to 45% from July 2005 peak of $89. Stock has been in steady decline and suffered heavy losses in the last two days of trading erasing all the gains since 2003. On the other hand, McGraw Hill is trading near all-time high of $59. The company stock has made a steady climb of 90% in the last five years.
- Elena
- 11 Apr, 2006
- New York City
European stocks steeply dropped at close. The Italian MIB-30 stock exchange dropped 2% on diminished prospect for economic reforms as opposition leader Romano Prodi claimed a very thin election victory over Premier Silvio Berluskoni. The German DAX 30 dropped 1.6%, the French CAC 40 fell 1.5%, while London FTSE erased earlier gains to trade down 0.8%.
- Elena
- 11 Apr, 2006
- New York City
U.S. stocks fell sharply as surging oil prices renewed fears about the impact of energy costs on corporate profits and consumer spending. Concerns about higher fuel costs overshadowed better-than-expected earnings from Alcoa. Technology, airline and housing stocks moved to the downside. Oil stocks like Exxon Mobil, Chevron and ConocoPhillips advanced.
- Elena
- 11 Apr, 2006
- New York City
Another rise in oil and gasoline prices generated negative sentiment and dragged the broader market lower. A barrel of light crude jumped over $69 on the Nymex where gas traded at $2.03 per gallon and investors grew anxious of higher energy costs and their impact on corporate profits. Shares of Bausch & Lomb slipped 17% on reports that the company''s contact lens solution caused eye infections.
- Elena
- 11 Apr, 2006
- New York City
U.S. stocks opened slightly higher as stronger-than-expected quarterly results from Alcoa offset negative sentiment, brought by rising oil prices. Alcoa posted more-than-doubled quarterly income on surging metal prices and robust demand from manufacturers. The company earned 69 cents per share on 16% sales growrth, beating estimates of 51 cents.
- Elena
- 11 Apr, 2006
- New York City
U.S. stocks recovered from earlier weakness and looked poised for strong opening after the world''s largest cell phone maker Nokia announced that it was selling phones at higher-than-expected prices. After market close, Alcoa posted more-than-doubled quarterly income on surging metal prices and robust demand from manufacturers. The company earned $260 million, or 30 cents per share on 16% sales growrth.
- Elena
- 11 Apr, 2006
- Frankfurt
European stocks dropped at mid-day. The Italian MIB-30 stock exchange fell sharply down to 0.9% on uncertainty over the result of the weekend
- Elena
- 11 Apr, 2006
- New York City
Asian markets finished mostly in the negative, reflecting general weakness among technology and semiconductor stocks. The Nikkei moved lower for a second day in a row on cautiousness ahead of earnings reports and news that BOJ decided to leave benchmark interest rate at zero percent. South Korean Kospi dropped 0.9% on profit taking, Hong Kong Hang Seng lost 0.3%, while Australia All Ordinaries rose 0.8% on mining stocks.
- 123jump.com Staff
- 10 Apr, 2006
- Metals
Market averages rose in the early hours of trading but tech stocks lost momentum in the afternoon and failed to recover. Oil traded up and closed near $70. Gold and silver advanced with gold above $600 and silve racing to $13. Emerging markets and European markets closed up led by Russia, Norway,India and Mexico. Alco reported 69 cents vs. 30 cents a year ago. Newspaper publishers and GE and Genentech to report earnings this week.
- 123jump.com Staff
- 10 Apr, 2006
- New York City
Emerging markets led yet another day of steady rise in Russia, India and Mexico. Russia rose 2.2%, India added 0.63% and Mexico gained 0.3% at close. Indonesia closed at all time high. Russian markets have added more than 32% for the year and India is up 22%. Local economic growth and consumer spending is fueling growing optimisms in two nations.
- 123jump.com Staff
- 10 Apr, 2006
- New York City
Market shifts focus to the first quarter earnings season led by Alcoa earnings tonight. Genentech and General Electric are two other large companies to follow this week. In all eight S&P companies are set to release earnings this week. Several newspaper companies including Gannett, McClatchy, New York Times and Tribune are to release earnings this week.
- Elena
- 10 Apr, 2006
- Frankfurt
European stocks recovered in afternoon trading to close sharply higher, supported by oil, mining and auto stocks. Oil companies like BP and Royal Dutch Shell rose on higher crude oil prices. The Italian MIB-30 climbed 1.3% after exit polls pointed to an opposition election victory. The German DAX 30 jumped 0.9%, London FTSE 100 rose 0.7%,and the French CAC 40 gained 0.3%.
- Elena
- 10 Apr, 2006
- New York City
U.S. stocks traded mixed in late morning ahead of quarterly earnings reports and economic data. Oil, oil service and natural gas stocks moved notably higher on surging oil prices. Oil giant Exxon Mobil gained nearly 1% and Chevron rose 1.7%. Gold stocks were other conspicuous gainers. At the same time, rising oil dragged airline stocks down. Shares of Boeing hit a record high after the company agreed to settle U.S. allegations of violation of export regulations.