- 123jump.com Staff
- 07 Apr, 2006
- New York City
Market averages rose and then fell sharply as trading closed. March employment level and wholesale sales report sparked a wave of buying at the opening. Traders turned cautious in the afternoon on profit taking and prospect higher rates in the coming months. Research In Motion fell 5%. Apple and Goolge fell after rising for the week. Starbucks rose 2% on 10% rise in same-store sales. Mexico and Brazil face sharp correction but Asian markets rise.
- 123jump.com Staff
- 07 Apr, 2006
- New York City
Emerging markets in Asia continued their advance for the day and for the week. Latin markets closed the volatile week on the downside. Indonesia, India, Philippines and Hong Kong rose for the week. India added 8% in less than ten trading days. Thailand recovered from the election worries. In Latin America Mexico lost 2% and Brazil and Venezuela lost close to 1%.
- 123jump.com Staff
- 07 Apr, 2006
- New York City
Market lost its trading momentum in the late afternoon.Large caps lead decliners as traders book profits. Earnings season is soon to start with Alcoa, Genetech, Harley Davidson and Commerce Bancorp to report earnings next week. Research In Motion dorpped 5% on lower earnings. Aracruz, Brazilian paper pulp maker reported strong earnings. Emerging markets declied as gold and oil prices fell in international markets.
- Elena
- 07 Apr, 2006
- Frankfurt
European markets erased earlier gains to close in the negative. Stocks initially gained some ground on better-than-expected U.S. jobs growth, but eventually fell down on profit taking. Metals and auto stocks were notable decliners, while oil companies advanced on brokerage upgrade of the sector. The German DAX 30 dropped 1.3 %, the French CAC 40 fell 0.9%, and London FTSE 100 lost 0.3%.
- Elena
- 07 Apr, 2006
- New York City
U.S. stocks lost ground in late morning trading after the treasury long-term debt yields rose to their highest in more than three years on worries about interest rate increases, following the release of government jobs report. Benchmark 10-year notes fell for a yield of 4.94% compared with 4.90% late on Thursday.
- Elena
- 07 Apr, 2006
- New York City
U.S. stocks traded higher after upbeat jobs data helped ease inflation worries. The Labor Department said that nonfarm payrolls unexpectedly rose to 211,000, while wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists. RIM fell 5% after the company released lowered Q1 earnings and revenue guidance. Starbucks rose on better-than-expected growth in March same-store sales.
- Elena
- 07 Apr, 2006
- New York City
U.S. stocks opened higher after upbeat jobs data helped ease inflation worries. The Labor Department said that nonfarm payrolls unexpectedly rose to 211,000, while wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists. Shares of Research in Motion fell 5% in pre-market trading after the company released lowered Q1 earnings and revenue guidance.
- Elena
- 07 Apr, 2006
- New York City
U.S. stock futures predicted higher start of Friday session after upbeat jobs report helped ease inflation worries. The Labor Department said that nonfarm payrolls rose by 211,000, vs. expectations of a rise to 190,000 nonfarm payroll jobs last month. Wage growth came in below expectations, as average hourly earnings rose 0.2% compared with the 0.3% rise expected by economists.
- Elena
- 07 Apr, 2006
- Mumbai
Market average gyrated for the most of the day under the fear of rumors and pull back from institutional investors. After rising 8% in less than ten trading days the pull back in averages was anticipated. Daily trading volume jumped to $1.2 billion from $0.9 billion. ACC rose close to 5% on earnings report next week as market awaits fiscal 2006 earnings.
- Elena
- 07 Apr, 2006
- Frankfurt
European stocks traded near the flat line at mid-day, reflecting cautiousness ahead of U.S. jobs report and news that BAE Systems is selling its stake in Airbus. The German DAX 30 inched up 0.01%, the French CAC 40 edged down 0.01%, while London FTSE 100 gained 0.3%.
- Elena
- 07 Apr, 2006
- New York City
Asian-Pacific benchmarks advanced across the region,supported by technology stocks. The Nikkei recovered from earlier weakness to hit a five-and-a-half-year high of 0.4% to 17,563.37 on blue chip and tech stocks. Hong Kong Hang Seng also reached a new high, lifted by flows of speculative funds. The index gained 0.4%. Taiwan Weighted index added 0.4% on semiconductors.
- 123jump.com Staff
- 06 Apr, 2006
- New York City
Market traded lackluster as metals and oil market dominated news. Oil jumped up. Gold traded for the first time since 1981 above $600 and sivler rose to $12. 3M rose 6% on better earnings outlook but Merck lost 3% on court verdict. Parker Hannifin lost 5% on lower sales. Apple rose added 6% after rising 10% in previous session. In emerging markets Hong Kong rose 1.93%.
- 123jump.com Staff
- 06 Apr, 2006
- New York City
Emerging markets were mostly lower but Hong Kong managed to gain close to 2%. Local investors bid up the prices of local telecom stocks. Taiwan rose 1.4% on the back of strong demand for semiconductor stocks. South Africa, Mexico and Argentina lost gorund. Brazil added 0.5% on the buying in mining stocks. India and Thailad markets were closed.
- 123jump.com Staff
- 06 Apr, 2006
- New York City
Precious prices have been rising for the last four years and reached a twenty five year high. rising demand from investors, individual and hedge funds investors have beeen the main driving force for the demad for gold. Jewelry demand from Asia and Middle eastern countries has been rising at a slower pace.
- 123jump.com Staff
- 06 Apr, 2006
- New York City
With less than an hour of trading market averages are near unchanged mark. Apprael retailer report mixed performance but Bebe Stores and Abercrombie & Fitch rise. Aeropostale, CitiTrends, Tim Horton''''s and Bebe Stores rise near 10% or more. Apple Computer rises another 7% after adding 10% yesterday. Gold trades at $600 and silver reaches $12.