- Ivaylo
- 15 May, 2006
- New York City
Japan''''s Nikkei Average declined for the fifth session in a row led by the release of inflation data and the yen hitting new eight-month highs against the greenback. The benchmark closed 114.87 points, at 16,486.91, reflecting weakness in automotive stocks. Shares in Singapore, Australia and Taiwan finished also lower. South Korea''''s Kospi index fell 2.6%.
- Ivaylo
- 15 May, 2006
- Frankfurt
Sentiment remained glum, overwhelmed by worries of the long-term influence of the advancing commodity prices on inflation and interest rates. After a strong beginning last week, equity markets declined on Thursday and Friday, led by the surprising aggressiveness of the U.S. Federal Reserve, hiking interest rates again on Wednesday. London
- Ivaylo
- 15 May, 2006
- Metals
June gold futures drew back a little on the day but closed above the $700 mark. The precious metal meteoric rise during the week was powered by the weakened dollar, inflation-related worries and tensions about Iran
- 123jump.com Staff
- 12 May, 2006
- New York City
Two days of decline and market rally came to a sharp halt. Market is still trying to decipher the direction interest rates. Inflation jitters were back on the minds of traders. Import prices rose 2.1% in April and 5.9% from a year ago. Petroleum prices rose 12% in the month. Expedia lost 26% of its value on earnigs decline of 57%. Emerging markets in Asia and Latin America fell. Brazil and Argentina dropped 1.5% and 2.7%.
- 123jump.com Staff
- 12 May, 2006
- New York City
Market averages declined for the second day in a row. Broader averages came under pressure as wave after wave of sale orders hit the market initiated by program trading. March trade deficit was reported at $62 billion lower than the estimate of $67 billion. Economists expect for the year annual trade deficit still to be 8% ahead of last year. Deficit with China, Japan, Mexico and EU rose. Expedia declined 25% on lower earnings. The stock has lost 50% since the end of Jan.
- Elena
- 12 May, 2006
- Frankfurt
European markets dropped to their lowest levels in two years. Stocks moved steeply down on concerns over inflation and interest rates. Negative sentiment was also generated by shares of steel companies which reported lower quarterly profit. Mittal Steel dropped 2.4% on 30% net income decline for Q1, while Arcelor fell 2.3%, on 20% profit decline. The German DAX 30 tumbled 2.3%, the French CAC 40 slid 2.1%, and London''''s FTSE 100 dropped 2.15%.
- Elena
- 12 May, 2006
- New York City
Online financial-services firms traded lower, despite better-than-expected April volumes for several companies. Charles Schwab Corp fell 1.4% after saying that April daily average revenue trades, or DARTs, rose 44% to 293,000. April client assets rose 22% to $1.3 trillion. TD Ameritrade Holding Corp. reported that it handled an average of 278,000 trades a day in April. The stock was down 0.5%.
- Elena
- 12 May, 2006
- Mumbai
The real estate developer DLF was reported to have drafted a preliminary prospectus with SEBI amounting to $3 billion that was the reason for the market volatility in late session. Worries reign over the possibility that the super IPO might drain liquidity from the secondary market. The market was also influenced by weak global markets.
- 123jump.com Staff
- 12 May, 2006
- New York City
Market averages remained lower in the first hour of trading. Trade deficit declined for the second month in a row but annual rate of deficit for the year is still expected to be higher. Deficit with China, Japan, Mexico and European Union rose. Deficit with Canada declined. Exports of electrical equipment and farm products rose. Dow, Nasdaq and S&P are down a fraction in the fir hour of trading.
- 123jump.com Staff
- 12 May, 2006
- New York City
Market averages are down at the opening. Dow opened 30 points lower, Nasdaq traded 14 points down and S&P opened 3 points lower. Oil traded lower as International Energy lowered demand for oil. Expedia, online travel booking service, reported earnings of 6 cents vs. 14 cents a year ago on 2% rise in revenue. Domestic revenue in the first quarter declined 4% and international booking revenue rose 24% excluding foreign exchange impact.
- 123jump.com Staff
- 12 May, 2006
- New York City
Market aveerages for the second day are likely to trade in the negative territory for the second day in a row. Weak dollar and rising metals and oil prices are worrying traders. Oil fell in the European trading as International Energy Agency lowered its demand for oil by 200K barrels per day to 84.4 million barrels per day. Best Buy is in a deal to buy a stake in the fourth largest electronic retailer in China.
- Ivaylo
- 12 May, 2006
- Frankfurt
The dollar sank to a one-year low versus the pound and the euro bringing up concerns of less-than expected translated earnings in Europe. Miners led the decliners, as they price their products in dollars with BHP Billiton and Kazakhmys shedding 4% each. Carmakers lost up to 3%. By 0948 GMT, the London FTSE 100 dropped 92.6 points, Germany''s DAX 30 shed 1.6 % and France''s CAC 40 fell 1.7 %.
- Ivaylo
- 12 May, 2006
- Metals
Gold has gained more than 40% since November of last year, led by a number of factors, among which are the worse-than-expected U.S. economic data and a decline of the dollar against the euro. These key reasons have brought about massive speculative and fund rallies. The tensions over Iran
- 123jump.com Staff
- 11 May, 2006
- New York City
Market Averages closed lower on Federal Reserve interest rate rise. Dow lost close to 1.2% and Nasdaq lost 2.1%. Gold, Silver, and Platinum trade at record levels. Emerging markets in Mexico, Brazil, and India are down 1% or more. Viacom reported earnings of 43 cents a share vs. year-earlier earnings of 47 cents a share. JC Penny reported net earnings of 89 cents a share in comparison to 62 cents a share last year. On average, analysts had been expecting earnings of 88 cents a share.
- 123jump.com Staff
- 11 May, 2006
- Metals
Market averages are trading at their worst levels of the day. Interest rate worries have resurfaced in the trading sentiment. Dollar continues to lose grounds in the international currency markets. Gold, silver and platinum reach record levels not seen in 26-years. Google lose $14 after yet another release of prducts that aere not well received in the market. Industry watchers labeled recent release of Google Finance as me-too product.