- Elena
- 08 Sep, 2005
- New York City
South Korea's leading index reached a record high, the Nikkei lost 0.6%. European markets traded near the flat line at mid-day. e-Bay is in talks to acquire privately held internet-telephone company Skype Technologies fot $2 billion to $3 billion.
- 123jump.com Staff
- 07 Sep, 2005
- New York City
Transportation Secretary reported in a TV interview that two major oil pipelines in the Gulf Region Colonial and Plantation are fully operational. The total network of pipes can reach 2,500 miles and deliver oil to more than eight shipping terminals. From end to end oil travel time can take upto 22 days when fully powered by electricity.
- Elena
- 07 Sep, 2005
- New York City
U.S. averages are trading mixed. Energy, steel and some stocks from the tech sector are among the gainers on 0.5% higher oil prices and speculations of rising steel prices by 20%. Telecommunication stocks are trading down.
- Elena
- 07 Sep, 2005
- New York City
Stocks are trading down on profit-taking and economic data. Asian markets finished higher , boosted by the sharp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. CBO report showed that 400,000 people will become jobless, economic growth will be 1% down.
- Elena
- 07 Sep, 2005
- New York City
Stocks are trading down after Tuesday's broad rally, awaiting economic data. Asian markets finished higher , boosted by the shsarp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. Revised 2Q productivity figures are expected to show 2.1% growth rate, down from 2.2% in July. The Fed Reserve's Beige Book report is due later in the day.
- 123jump.com Staff
- 06 Sep, 2005
- New York City
Dropping oil price and bond yield supported a broad rally in the market acorss several sectors. Investors remain focused on Hurricane Katrina ravaged Gulf of Mexico as they count and recount its impact on the broader economy. Only two refineries in the region are reporting a close to 100% production pre-Katrina level. Six refineries are still in the state of repair.
- Elena
- 06 Sep, 2005
- New York City
The ISM reported that the service-sector activity has risen to 65% in August from 60.5% in July. Broad buying of stocks sent all three major averages up at least 1%. Apple climbed to an all-time high on a new product announcement.
- Elena
- 06 Sep, 2005
- New York City
Oil prices were sent 1% lower. The ISM reported that the non-manufacturing index climbed to 65 from 60.5 in July. South Korea's Kospi gained 0.7%, the Nikkei lost 0.3%. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector.
- Elena
- 06 Sep, 2005
- New York City
South Korea's Kospi gained 0.7%, the Nikkei lost 0.3% in a mixed trading session for the Asian markets. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector. S&P futures up 5.7 points, Nasdaq futures also up 7.5points.
- Elena
- 05 Sep, 2005
- New York City
Asian markets opened higher led by markets in South Korea and Hong Kong, after European markets close to a two-week high. Spain's utility Endesa receives $29 billion bid from ENDESA. After six days of Hurricane Katrina less than 50% of oil and gas production is restored after similar time period in the aftermath of Hurricane Ivan in 2004.
- 123jump.com Staff
- 03 Sep, 2005
- New York City
The traditional summer IPO lull is in progress. No deal is scheduled to be priced till the week of September 19th. Seven companies filed for initial public offerings, including SAIC to raise $1.7 billion. Celldex withdrew IPO filing.
- 123jump.com Staff
- 02 Sep, 2005
- New York City
At opening market learned of four-year low unemployment report and at mid-day digested the implication of release of oil from strategic reserve. Oil dropped close to $2 per barrels and gasoline dropped by 1% for now. Most oil companies are still surveying the extent of on and off-shore damage to their facilities. The nature and extent of the damage still unknown.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
This afternoon IEA said that it will release 2 million barrels a day for the next thirty days to the world market. This only underscores the fact that there are no extra production capacities available to pump oil and only 'global reserves of nations' can save the current crisis. The damage to the Gulf of Mexico infrastructure will not be restored for weeks as stated by oil companies operating in the region.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Markets trade lower despite falling crude-oil prices. The U.S. as well as Japan and EU countries will release oil from their reserves at the total amount of 2 million barrels a day. Unemployment rate declined to a four-year low of 4.9%. Jobs for August are higher by 169,000.
- Elena
- 02 Sep, 2005
- New York City
Asian-Pacific benchmarks closed largely higher with the Nikkei up 0.7% on confidence of the Japanese economy. European markets edged up at mid-day dealings ahead of U.S. jobs report. Jobs for August are expected to rise by 190,000, slightly down vs. 207,000 for July. The jobless rate is projected steady at 5%. L'Oreal posted earnings decline but revenue growth for the first half of 2005.