- Elena
- 26 Apr, 2006
- New York City
Volatile index, Sensex in India has witnessed a tug of war between optimist on earnings and local economy and pessimist on risks investing in emerging markets. Market has witnessed increased volatility in the last one month of trading. Daily jump or fall of more than one percent is increasingly becoming regular.
- Elena
- 26 Apr, 2006
- New York City
Stocks opened in the positive as strong earnings overshadowed interest rate concerns. Colgate-Palmolive rose 1.2% on higher Q1 profit. The consumer products maker reported profit increase of 8.1% to 59 cents a share, from 53 cents, a year ago, citing solid sales and volume gains. Boeing reported Q1 net income rise of 88 cents per share, beating estimates of 76 cents per share, but quarterly revenue below analyst expectations.
- Elena
- 26 Apr, 2006
- New York City
Boeing reported Q1 net income rise of $692 million or 88 cents per share, beatung analyst estimates of 76 cents per share. However, shares of Boeing fell 1.5% in pre-market trading, as the company reported quarterly revenue below analyst estimates.
- Elena
- 26 Apr, 2006
- Frankfurt
European stock markets traded higher at mid-day, boosted by strength in the tech sector. The leading gainers were chipmakers Infineon Technologies and STMicroelectronics. The German DAX 30 added 0.2%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.4%.
- Elena
- 26 Apr, 2006
- New York City
Asian markets finshed higher, lifted by improved global consumption outlook, following a rebound in oil prices and strong U.S. consumer confidence report. The Nikkei rose 0.5% to 17055.30, boosted by industrial and consumer-oriented stocks. South Korea
- 123jump.com Staff
- 25 Apr, 2006
- New York City
Emerging markets encountered volatile trading for the second day of the week. Markets around the globe declined led by a steep decline in India, Thailand, Hong Kong and Chinese stocks trading in Hong Kong. Mexico bucked the trend and gained 0.8%. International price of oil declined byut stayed near elevated levels.Chinese stocks in Hong Kong strading came under renewed pressure on worries that government may tighten moentary authority to control recent rise in the market.
- 123jump.com Staff
- 25 Apr, 2006
- New York City
Market averages came under pressure on existing home sales and consumer confidence data. Existing home sales edged up in March to 0.3% and consumer confidence rose to four year high. A string of mixed earnings failed to excite traders. Burlington Northern reported earnings of $1.09, up 28% on revenue growth of 16%. The stock fell 8%. Amazon reported earnings of 12 cents vs. 18 cents a year ago on revenue growth of 20%. The stock rose 1.5% in the after-market.
- Elena
- 25 Apr, 2006
- Frankfurt
European shares erased earlier gains to close mixed as U.S. interest rates weighed in regional markets and largely offset gains for carmaker Renault and food producer Nestle. The German DAX 30 finished flat, London FTSE 100 slipped 0.2%, while the French CAC 40 rose 0.3%.
- Elena
- 25 Apr, 2006
- New York City
Market turned lower on concerns about higher interest rates, raised by strong economic data. The Conference Board reported that consumer confidence rose to 109.6, reaching its highest level in almost four years, despite energy costs. In a separate report, the National Association of Realtors said sales of existing homes edged up 0.3% last month to a seasonally adjusted annual rate of 6.92 million units.
- Elena
- 25 Apr, 2006
- New York City
Stocks turned to the downside after stronger-than-expected economic data raised inflation concerns. AT&T reported Q1 earnings rise of 52 cents per share compared to 34 cents per share in the year ago quarter, beating estimates of 48 cents per share. DuPont reported Q1 earnings decline of 93 cents per share, but well above analyst estimates of 80 cents per share. Lockheed Martin posted 60% profit jump in Q1 to $1.34 per share from 83 cents a year ago, beating estimates
- Elena
- 25 Apr, 2006
- New York City
Stock opened slightly up on strong quarterly results and concerns about record-high oil prices. AT&T reported Q1 earnings rise of 52 cents per share compared to 34 cents per share in the year ago quarter, beating estimates of 48 cents per share. DuPont reported Q1 earnings decline of 93 cents per share, down from 96 cents last year, but well above analyst estimates of 80 cents per share. Lockheed Martin posted 60% profit jump in Q1 to $1.34 per share from 83 cents a year ago, beating estimates
- Elena
- 25 Apr, 2006
- New York City
Stock futures pointed to a higher opening on strong quarterly results from major companies. AT&T reported Q1 earnings rise of 52 cents per share compared to 34 cents per share in the year ago quarter, beating estimates of 48 cents per share. DuPont reported Q1 earnings decline of 93 cents per share, down from 96 cents last year, but well above analyst estimates of 80 cents per share. Lockheed Martin posted 60% profit jump in Q1 to $1.34 per share from 83 cents a year ago, beating estimates.
- Elena
- 25 Apr, 2006
- Frankfurt
European stocks gained at mid-day, supported by strong sales from carmaker Renault and food producer Nestle. However, stocks were off earlier highs as recovering crude oil prices erased some of the gains. The German DAX 30 gained 0.2%, the French CAC 40 rose 0.4%, and London FTSE 100 added 0.1%.
- Elena
- 25 Apr, 2006
- New York City
Asian markets finished mixed as strengthening Asian currencies against the dollar weighed on exporter issues and large industrial shares. The Nikkei recovered from the steep decline Monday, helped by property stocks like Mitsubishi Estate and Mitsui Fudosan. Export-related stocks like Toyota Motor, Sony and Canon declined. South Korean Kospi closed flat. Hong Kong Hang Seng dropped 0.8%.
- 123jump.com Staff
- 24 Apr, 2006
- New York City
Asian markets dropped sharply led by a fall in dollar against yen and euro. Markets in Korea, India, Hong Kong and Inodnesia fell in sympathy. International price of oil declined. Gold, silver and copper fell as well. Latin Markets fell led by a fraction by Argentina bucked the trend and rose 1.3%. Russian stocks gained on steady buying from international investors.