- Elena
- 05 Apr, 2006
- Frankfurt
European stocks recovered from early weakness to finish in the positive, lifted by gains for DaimlerChrysler and Lagardere on the sale of their stakes in EADS. The companies, which both helped create EADS, decided to sell by 7.5% of their holdings in the aerospace concern. The German DAX 30 gained 0.3%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.6%.
- Elena
- 05 Apr, 2006
- New York City
After the early rise, stocks gave back some ground with investors worried about interest rate hikes. An icrease in the price of oil also contributed to the market weakness. Crude oil rose to $66.65 after the Energy Dept. showed a steeper-than-expected decline in gasoline inventories.Tech stocks were strong with shares of Apple rising 7% on the introduction of new software that enables Intel-based Macs to run Windows XP.
- Elena
- 05 Apr, 2006
- New York City
Stock markets extended early gains, lifted by tech and metals stocks. The Nasdaq showed considerable strength, helped by computer hardware stocks with Apple rising 6% on the introduction of new software that enables Intel-based Macs to run Windows XP. Seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share.
- Elena
- 05 Apr, 2006
- New York City
Stocks opened modestly higher, although trading was light ahead of the release of a report on business activity in the services sector. The Nasdaq showed considerable strength, helped by computer hardware stocks with Apple rising 6% on the introduction of new software that enables Intel-based Macs to run Windows XP. In earnings news, seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share.
- Elena
- 05 Apr, 2006
- New York City
Stock index futures pointed to a flat opening as investors seemed worried about interest-rate hikes and inclined to lock in recent gains. In earnings news, seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share. Acuity Brands, lighting equipment producer, reported it swung to profit in Q2, posting profit of 32 cents a share, up from a net loss of 20 cents last year.
- Elena
- 05 Apr, 2006
- Mumbai
Sensex in India closed up 109 points or 0.94% to 11,747, a new record. Sensex in India is now trading at a Price to Earnings multiple of 21 for 2007 earnings. Market is adjusting to higher economic growth expectations, easier credit rules for private banks and better earnings from local infrastructure and cement companies.
- Elena
- 05 Apr, 2006
- Frankfurt
European averages traded near the flat line at mid-day as investors turned to profit taking. With no catalysts to drive the market, stocks erased earlier gains made on the back of strong U.S. markets close. The biggest decliner was EADS which fell 3.9% after DaimlerChrysler and Lagardere decided to cut their stakes in the concern.
- Elena
- 05 Apr, 2006
- New York City
Asian-Pacific benchmarks closed in the positive, with the Nikkei being a sole decliner. The Japanese index reversed from early gains to finish down 0.3% at 17,243.98 as investors locked in profits. Thailand shares rallied 3.05% after the country''s Prime Minister announced he will hand in his resignation, following antigovernment protests. China Shanghai and Australia All Ordinaries climbed 0.8% each.
- 123jump.com Staff
- 04 Apr, 2006
- New York City
Market averages are in the decline after rising in the morning. Falling oil in the morning contributed to the rise in averages. Google rose 3.5%. Apple Computer lost 2% on broker downgrade. Brokerage and construction equipment stocks rose for the second day in a row. Las Vegas Sands jumped up 5% and Lehman Bros and Bear Stearns up 3% at close.
- 123jump.com Staff
- 04 Apr, 2006
- New York City
Emerging markets continued their slow but steady clibm for the second trading day of the second quarter. Markets in Asia and Latin America mostly closed higher on strong liquidity. Thailand led the gainers with 0.9% rise but may encounter volatility in the coming days. India rose to all-time closing high and Hong Kong closed at new five year high.
- 123jump.com Staff
- 04 Apr, 2006
- New York City
Market averages are in the decline after rising in the morning. Falling oil in the morning contributed to the rise in averages. Google rose 3.5%. Apple Computer lost 2% on broker downgrade. Brokerage and construction equipment stocks rose for the second day in a row. Las Vegas Sands jumped up 5% and Lehman Bros. and Bear Stearns
up 3%.
- Elena
- 04 Apr, 2006
- Frankfurt
European markets finished in the red, dragged by weakness among energy and mining stocks. Energy companies like BP, Royal Dutch Shell declined, while miners RioTinto and BHP Billiton failed to sustain recent solid gains. However, automakers advanced with Porsche and Volkswagen closing higher. The German DAX 30 fell 0.2%, the French CAC 40 lost 0.9%, and London FTSE 100 dropped 0.3%.
- Elena
- 04 Apr, 2006
- New York City
In early session stocks traded in a lackluster fashion on cautiousness ahead of the start of the new earnings season and a key employment report, but going into afternoon trading the averages entered the positive territory. Citigroup gained 1.8% after the Federal Reserve Bank of New York lifted a year-long ban on new acquisitions.
- Elena
- 04 Apr, 2006
- New York City
Stock markets lacked drivers and traded in a lackluster fashion. Investors stood on the sidelines, staying away from major moves ahead of the start of the new earnings season and a key employment report. In corporate news, Citigroup gained after the Federal Reserve Bank of New York lifted a year-long ban on new acquisitions. Continental Airlines rose 2.3% after the company reported 81.2% rise in its March load factor.
- Elena
- 04 Apr, 2006
- New York City
Stocks were steady at opening, in line with futures predictions. Among stocks in focus, Computer Sciences is expected to be active as the company is in talks to sell itself for about $10.6 billion, and also is expected to announce 5,000 job cuts. In other news, Arcelor announced a series of measures to spurn Mittal Steel''''s hostile offer.