- Elena
- 15 Sep, 2006
- New York City
The market witnessed a turbulent session, characterised by negative market-breadth and positive close above the 12,000 level. Blue-chips once again led the rally, while trading in small-cap stocks was dull. Metal shares remained under pressure, following weak metal prices. Reliance Industries surged, cement stocks were in focus. Grasim, Satyam and Hindustan Lever led the advancers. The wholesale price index was lower than a week earlier due to the decline in energy prices.
- Elena
- 15 Sep, 2006
- New York City
Stock averages rallied Friday after a key inflation report showed CPI rose in line with estimates in August, raising hopes that the Fed Reserve will keep interest rates unchanged. Following the news retailers posted some strength, led by shares of consumer electronics retailers. Adobe Systems Inc. surged 12.3% after the company reported a stronger-than-expected profit. Automaker DaimlerChrysler dropped 7.8% after cutting its 2006 operating profit forecast.
- Ivaylo
- 15 Sep, 2006
- New York City
The benchmark index witnesses a mixed picture on Friday as oil and other commodities were struggling, hitting the resources sector which has been so much behind the advance of FTSE lately. However it is having a positive effect on other sectors in that it leaves consumers with more disposable income. By mid-day, the FTSE 100 was down 2.7 points, or 0.05%, at 5,876.1.
- Elena
- 15 Sep, 2006
- New York City
U.S. stock futures advanced on data showing that consumer price inflation moderated in August as gasoline and home ownership costs rose at a slower pace. The CPI rose 0.2% after a 0.4% gain in July, while prices excluding food and energy rose 0.2% for the second straight month. The upbeat economic news helped offset disappointment over restructuring plans at Ford Motor.
- Ivaylo
- 15 Sep, 2001
- New York City
The weaker finish of U.S. stocks overnight triggered a round of profit-taking in Japan. Stocks ended down as investors cut long positions in exporter stocks such as Toshiba and Honda before the weekend. Hong Kong was led higher by property companies, while in China, stocks hit a two-month closing high, as airlines advanced on hopes of a stronger yuan. Taiwan and South Korea also gained, while Australia slipped.
- Ivaylo
- 15 Sep, 2006
- New York City
Investors are also concerned about the much awaited inflation data for indications on the outlook for global growth. The markets were buoyed by well-received results from water company Veolia Environement, while BP weighed after reports of investor worries over the oil giant safety record. The U.K. FTSE 100 index gained 0.04% at 5,880, the German DAX 30 index added 0.1% at 5,912 and the French CAC 40 index advanced 0.2% at 5,134.
- Ivaylo
- 15 Sep, 2006
- New York City
The news earlier in the trading was the ongoing weakness in the oil price that has come under pressure again below $64 a barrel. It seems that the new one focus is that natural-gas prices have fallen. They are below $5. It is a significant drop in the natural gas price and that has put gold under some pressure. Palladium was the strongest of the precious metals, with some help from fund buying.
- 123jump.com Staff
- 14 Sep, 2006
- New York City
It was a punishing day for natural gas investors. Weekly government report showed that natural gas inventories are at a fifteen-year high. Natural gas price lost 11% today, oil declined 1.3% and gold dropped $10.30. The price of gold dropped to a three-month low. Energy stocks fell to yearly low, with the sharpest losses in one month of trading. Ford Motor is reported to extend its buyout offer to all 75,000 UAW employees of the company and expects that between 35,000 to 40,000 will accept it.
- 123jump.com Staff
- 14 Sep, 2006
- New York City
Market traded lower for the most of trading day. August retail sales rose 0.2% on the strength in the auto sales. Natural gas price fell 9% to a two-yearlow on fifteen year high inventory. Oil price dropped 1.3% dragging with it energy stocks to a low for the year. Gold fell $10.30 to $586, three-month low.
- Elena
- 14 Sep, 2006
- New York City
European markets finished in the red Thursday affected by losses on Wall Street. Positive earnings from retailers along with gains in the mining sector failed to improve market sentiment. The German DAX 30 ended flat at 5,907, the French CAC 40 lost 0.3%, and London FTSE 100 declined 0.3% as well.
- Elena
- 14 Sep, 2006
- New York City
Index large-caps played the key role in the rally in trading today. The market-breadth, positive in the first half of trading, ended negative led by a sell-off in small and mid caps. Banking, auto and software shares have led the Sensex surge over the past few days. ICICI Bank, Grasim, Bajaj Auto and Gujarat Ambuja Cements led the advancers, while HDFC Bank, Hero Honda led the decliners. The Indian government draws plans to boost wheat output.
- Elena
- 14 Sep, 2006
- New York City
Market averages kept trading in the negative mood, hurt by price data which revived fear that the U.S. rate-tightening cycle is not over. Oil and gas stocks reversed from earlier gains as crude prices retreated and U.S. reported that natural gas supplies fell to a two-year low. Bear Stearns declined 57 cents at $135.65, despite reporting better-than-expected earnings and revenue increase.
- Elena
- 14 Sep, 2006
- New York City
Stock markets made a weak opening, depressed by inflation worries and brokerage downgrades of two major Dow components. General Electric was downgraded by UBS to neutral from buy and had its price target cut to $38 from $40. UBS also downgraded Boeing Co, moving its rating to reduce from neutral, and its price target to $74 from $85. Boeing shares slid 1%, while GE shares lost 0.6%.
- Ivaylo
- 14 Sep, 2006
- New York City
Confirmation from AWG that it had received a preliminary approach that could lead to an offer for the firm boosted the sector. Resources stocks also helped boost the FTSE on the back of a strong performance in base and precious metals. BHP Billiton, Rio Tinto, Anglo American and Kazakhmys all advanced. By mid-day, GMT, the FTSE was up 31.1 points, or 53%, at 5,923.3.
- Elena
- 14 Sep, 2006
- New York City
Stock futures declined on renewed concerns about the strength of U.S. economy. Retail sales added 0.2% in August, lifted by an unexpected gain in auto sales that offset lower gasoline prices. August import prices rose by a greater-than-expected 0.8% in August, hinting at inflation pressures. Bear Stearns posted Q3 profit jump of 16% to $3.02 a share compared to $2.69 a share last year, beating estimates of $2.87 a share. Revenue for the quarter was $2.13 billion versus $1.81 billion a year ago.