- Elena
- 19 Sep, 2005
- New York City
Crude-oil prices kept rising to reach trading levels over $66 a barrel, making a 5% jump. The oil surge is due to fears of another tropical storm threatening to hit the oil facilities in the Gulf Coast. Investors await Fed Reserve's decision on interest rate tomorrow, expecting a rise of 3.75%. Semiconductor sector is down 1.5%. German election analysis.
- Elena
- 19 Sep, 2005
- New York City
Yesterday's German election fails to elect a clear leader. The German DAX 30 dropped 1.3% at mid-day on uncertainty of economic reforms. Days of chaos ahead. Nike posted 1Q 32% earnings rise of $1.61 per share due to strong sales, beating expectations of $1.42. Spinnaker Exploration has agreed to be acquired by Norsk Hydro for $65.50 per share in cash. German election analysis.
- Elena
- 19 Sep, 2005
- New York City
Asian-Pacific markets closed mostly higher with Shanghai's Composite up 0.6% and India's BSE 30 up 0.5%. The Japanese and Hong Kong's exchanges were closed for holidays. The German DAX 30 tumbled 1.3% on post general election uncertainty over economic reforms. Nike posted better-than-expected quarterly results with earnings of $1.61 a share, beating expectations of $1.42.
- 123jump.com Staff
- 18 Sep, 2005
- New York City
Fed may or may not pause, but when it comes to spending, Congress and White House show no restraint. War on terror, rebuilding of Gulf of Mexico states, tax breaks for few and growing pension liabilities due to airline bankruptcy, and higher energy import bill are all adding to the woes to the budget deficit and the U.S. dollar.
German election analysis. Euro to rise this morning, after indecisive German election.
- 123jump.com Staff
- 16 Sep, 2005
- New York City
What a busy day. Heavy volume on NASD and NYSE, oil dropped close to 3%, bond yield rose to 4.26%, Intel and ExxonMobil got upgrades and finacials and tech stocks led the rally on a day when options expire and S&P rebalances the index. Home builders fell, semis rose and energy stocks advance despite fall in oil price.
- Elena
- 16 Sep, 2005
- New York City
Blue-chip companies Exxon Mobil Corp. and Intel Corp. advanced on brokerage upgrades.The Commerce Department reported that current account deficit narrowed to $197.7 billion in 2Q from $198.7 billion in 1Q.The consumer confidence index fell to 76.9 in September from 89.1 in August.
- Elena
- 16 Sep, 2005
- New York City
Asian markets finished mostly down with the Nikkei losing 0.2% on tech stocks sell-off. European shares were trading higher at mid-day ahead of general election in Germany with the DAX 30 higher1.4%. No major earnings reports are expected today. Economic data on current-account deficit and consumer sentiment due later in the day.
- 123jump.com Staff
- 15 Sep, 2005
- New York City
Well, gold is back in favor, and for good reasons. Federal deficit is likely to be higher, when one add up the cost of Gulf of Mexico rebuild, Iraq costs, airline bankruptcies driving pension obligations and ever rising oil prices. Twin deficits of trade and budget are here to stay and market is finally realizing that, even though averages do not reflect that yet. Bear Stearns earnings failed to impress market and Pier One stock rose 9% on earnings.
- Elena
- 15 Sep, 2005
- New York City
Government's report said that CPI climbed by 0.5% in August, in line with expectations. Core CPI rose 0.1% vs. expectations of 0.2%. The Labor Department said that the initial jobless claims rose to 398,000. The Federal Reserve Bank of Philadelphia revealed that its diffusion index of current manufacturing activity dropped to 2.2 for September compared to a reading of 17.5 for August.
- Elena
- 15 Sep, 2005
- New York City
Asian-Pacific markets closed mixed with the Nikkei up 1.2% on improved household confidence, while Taiwan's stocks lost 1.1% on raised interest rates. European shares were generally higher at mid-day on oil and mining stocks. Government's report said that CPI climbed by 0.5% in August, in line with expectations. Core CPI rose 0.1% vs. expectations of 0.2%. The Labor Department said that the initial jobless claims rose to 398,000.
- Elena
- 15 Sep, 2005
- New York City
Asian-Pacific markets closed mixed with the Nikkei up 1.2% on improved household confidence, while Taiwan's stocks lost 1.1% on raised interest rates. European shares were generally higher at mid-day on oil and mining stocks. Government's CPI report said that CPI climbed by 0.5% in August, in line with expectations. Core CPI rose 0.1% vs. expectations of 0.2%. Bear Stearns posted 29% income growth in 3Q.
- 123jump.com Staff
- 14 Sep, 2005
- New York City
Retail sales for August were $350.1 billion, down 2.1% from July, but up 7.9% from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1% from July, and up 9.4% from one year ago. Industrial output for August rose only 0.1% on Hurricane Katrina's impact. U.S. industrial production increased 0.1% in August. New Orleans Port opens 2 of 27 terminals.
- 123jump.com Staff
- 14 Sep, 2005
- New York City
Retail sales for August were $350.1 billion, down 2.1% from July, but up 7.9% from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1% from July, and up 9.4% from one year ago. Industrial output for August rose only 0.1% on Hurricane Katrina's impact. U.S. industrial production increased 0.1% in August, the Federal Reserve reported on Wednesday.
- Elena
- 14 Sep, 2005
- New York City
Retail sales for August were $350.1 billion, down 2.1 percent from July,but up 7.9 percent from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1.0 percent from July, and up 9.4 percent from one year ago. Industrial output for August rose only 0.1% on Hurricane Katrina's impact.
- Elena
- 14 Sep, 2005
- New York City
Asian-Pacific markets ended mostly up with the Nikkei down 0.5% and China's Shanghai Composite up at a five-month peak of 0.8%. European stocks enjoy steady trading at mid-day. Retail sales for August were $350.1 billion, down 2.1 percent from July,but up 7.9 percent from one year ago. Excluding automobiles, retail sales in August were $274.9 billion, up 1.0 percent from July, and up 9.4 percent from one year ago.