- Ivaylo
- 22 Sep, 2006
- New York City
Hanson was among the few FTSE 100 stocks in positive territory on Friday as the London market erased a large chunk of its recent gains. The FTSE 100 shed 46.3 points, or 0.8%, to 5,850.4, tracking a weak close on U.S. markets. Profit takers are out in force after disappointing US economic data yesterday. Only five FTSE constituents are showing gains at present. BP and BG Group managed to buck the weak market trend.
- Elena
- 22 Sep, 2006
- New York City
Stock futures looked poised to a lower opening for a second straight session after KB Home warned of unfavorable conditions in the housing market. This added to worries about economic growth from the previous session when an unexpected negative reading of a Philadelphia-area manufacturing survey hit U.S. stock markets.
- Elena
- 22 Sep, 2006
- New York City
The company said Q3 net earnings are expected to come in the range of a penny and 5 cents a share. On an adjusted basis, Boston Scientific forecast earnings of $230 million to $290 million, or 15 cents to 19 cents a share. Analysts are expecting Q3 per-share earnings of 16 cents a share, on average. The company said Q3 net sales were seen between $1.97 billion and $2.035 billion vs. an average forecast of $2.175 billion.
- Ivaylo
- 22 Sep, 2001
- New York City
Exporter shares such as Hyundai Motor of South Korea and camera maker Canon Inc. pressed Asian markets lower Friday, following a decline in U.S. markets supported by data suggesting the American economy may be slowing faster than anticipated. Exporters, whose earnings are sensitive to U.S. economic conditions, registered some of the heaviest losses in Tokyo. China Merchants Bank bucked the downtrend, however, and surged 25% on its first day of trading.
- Ivaylo
- 22 Sep, 2006
- New York City
European stock markets fell on Friday after a surprisingly weak Philadelphia-area manufacturing survey put fuel on recession fears across the globe. Technology and travel stocks were among lead decliners in morning trade, while Altana bucked the downtrend after its agreement to sell its pharmaceutical division. The FTSE 100 dropped 1% to 5,835.5, the Xetra Dax in Frankfurt fell 1.1% to 5,898.07 and the CAC-40 fell 1% to 5,154.11.
- Ivaylo
- 22 Sep, 2006
- New York City
Gold closed higher but was unable to break out of the trading range on Wednesday. It was twisting and turning near its lows for the day and we are seeing support around the $575-$576 level but there is strong resistance near $600. In the short-term, gold will remain restrained on the upside by fund and central bank selling. The silver market seemed to settle in better shape than gold as the December contract did push above Wednesday session high.
- 123jump.com Staff
- 21 Sep, 2006
- New York City
Market averages could not shake off the selling sentiment that gradually strengthened during the trading hours. At close Dow, Nasdaq and S&P 500 fell. HP fell close to 5% on the worries that CEO may have played bigger than anticipated role in a recent scandal involving board members. Wal-Mart launched a pilot program to offer generic drugs at a cheaper price for 300 drugs. Oil recovered 1.4%. Thailand dropped 4% at opening but closed 1.4% lower.
- Elena
- 21 Sep, 2006
- New York City
European markets finished higher as automakers and chemicals companies benefited from weaker oil prices. BMW and Volkswagen each rose more than 1%, and chemicals companies BASF and Akrema advanced 2%. The German DAX 30 added 0.1%, the French CAC 40 advanced 0.3%, while London FTSE 100 rose 0.5%.
- Elena
- 21 Sep, 2006
- New York City
Market was dragged down by drug store shares after Wal-Mart Stores announced it was slashing prices of generic drugs in Florida, but an advance by energy stocks helped offset losses. Hewlett-Packard was the biggest drag on the Dow and the S&P 500, falling 3.6% on media reports that its CEO may have been more closely involved in a board-leak investigation than previously reported.
- Elena
- 21 Sep, 2006
- New York City
The benchmark index finished well above the psychologically important 12,000 level in a broad-based rally in a firm trading session. Advance tax collections in September have grown a sturdy 32.5% and together with the U.S. Fed decision to keep key US interest rates unchanged and a steady drop in global crude oil price bolstered the maket. Bajaj Auto, BHEL, Hindustan Lever led the advancers. Reliance Communications and Hero Honda led the decliners.
- Elena
- 21 Sep, 2006
- New York City
Stocks started trading higher Thursday, boosted by renewed confidence after the Fed Reserve left interest rates unchanged. In corporate news, Fedex posted Q1 profit rose 40% amid strong demand for ground and international express shipments. The company said costs from a proposed new contract with its pilots'' union would cut Q2 earnings. Cisco Systems rose 0.5% after Piper Jaffray upgraded the networking giant to outperform from market perform.
- Ivaylo
- 21 Sep, 2006
- New York City
In London, there was a speculative feel to trading, as Anglo-American surged on rumours that a Chinese mining company was looking to acquire a stake. Wm Morrison announced strong prformance after half-year profits and news on current trading exceeding forecasts. By mid-session, the FTSE 100 recovered from a dull opening to trade 0.5% higher.
- Elena
- 21 Sep, 2006
- New York City
U.S. stock futures indicated a higher market opening, lifted by strong earnings, lower oil prices and unchanged key interest rates. ConAgra Foods posted higher-than-expected earnings, despite a profit drop because of higher energy and ingredients expenses. Transportation company FedEx reported strong revenue and earnings growth. Shares in the company rose 0.4% before the bell.
- Elena
- 21 Sep, 2006
- New York City
Merck said it agreed to buy the Bertarelli family''s 64.5% stake in Serono for 1,100 Swiss francs a share and will launch a public offer for the outstanding shares at the same price. The offer is at a 20% premium to Wednesday''s closing price of 915 Swiss francs a share.
- Ivaylo
- 21 Sep, 2006
- New York City
Asian markets advanced modestly on Thursday as some exporters, including Honda Motor, made gains from a rise in Japan trade surplus and the U.S. Federal Reserve decision not to hike interest rates, while China Mobile helped push Hong Kong to a six-year high. Also, Japanese stocks recovered from Wednesday lows, led by oil-sensitive rubber and automobile stocks owing to an overnight decline in oil prices.