|
|
|
Down Down 41, Nasdaq Down 15
Aug 23, 5:20 PM EDT |
|
| Market declined after existing home sales reported 11% decline from a year ago. Oil and gold fell. |
|
| Market managed to trade higher in the early trading but quickly lost its drive after the release of existing home sales report. Home sales in July dropped 11% from a year ago and 4.1% from June. Weekly petroleum inventory report reported a fall in crude oil by 0.6 million and a rise of 0.4 million in gasoline inventory. IBM agreed to buy Internet Security company for $1.3 billion. |
|
|
Full Story... |
European Stocks Decline on US Housing Report
Aug 23, 2:13 PM EDT |
|
| Markets across the European region declined after the release of U.S. housing report. Tech stocks led the decliners. Oil rose but gold fell. |
|
| markets across the region fell in the last hour of trading after the release of July existing home sales report. The report indicated that sales have declied 11% from a year ago and are 4.1% lower than in June. Oil rose on the unexpected rise in gasoline inventory in the U.S. Tech stocks fell the most on the earings warnings from Natioal Semiconductor. TNT group sold it US logistics business for 1.5 bilion euros. Nestle reported 11% rise in sales and earnings. Telecom stocks closed lower. |
|
|
Full Story... |
IBM Offers $1.3 B for Internet Security Co
Aug 23, 12:48 PM EDT |
|
| Market averages remained in the negative territory after the releasae of housing report. Oil and gold decline at mid-day. |
|
| Market averages decline at mid-day after the housing and weekly petroleum report. The market averages are down 0.4%. July housing sales declined 11% from a year ago and 4.1% from June. Weekly petroleum reported a decline in crude oil inventory decline of 0.6 million less than expected decline of 1 million barrels. Oil prices declined. IBM agreed to buy for $1.3 billion Internet Security Systems. |
|
|
Full Story... |
Sensex Closes Lower
Aug 23, 10:31 AM EDT |
|
| For the second day in a row Sensex declined in a volatile trading. India-China trade is to surpass $20 billion. Ever-Ready declare dividend. |
|
| Market closed lower on a volatile note in light trading. Sensex trading was domintaed by loss in autos, banking and tech stocks. Mutual funds and international investors have steadily scaled their exposure to stocks in the last sixty days of trading. Government reported that India-China trade is grwoing at a rate of 37% and is likely to pass $20 billion in trade in the year 2008. Tata Tea has acquired 30% stake in the US based Energy Brands for $677 million. |
|
|
Full Story... |
Existing Home Sales Decline
Aug 23, 10:12 AM EDT |
|
| Existing home sales declined 4.1% in July. the steady erosion in the market was again reflected in the July numbers. |
|
| Market averages turned negative after the release of July existing home sales report. The sales declined 4.1% to a seasonally adjusted rate of 6.33 million frmo June revised data adn 11% lower from a year ago. Home builder stocks declined on the report. Market averages turned from a rise of 0.3% before the report to 0.4% decline. |
|
|
Full Story... |
Market Sustains Positive Bias
Aug 23, 9:58 AM EDT |
|
| Market opened on a weak note and sustained a positive advance in three popular averages. Oil declines a fraction and gld gains $4.40. |
|
| Market averages after opening on a weak note gained a mild momentum in the early trading. Three poplular averages are showing 0.3% rise. Semiconductor stocks are up led by a rise in National Semi and Advanced Micro. Industrial stocks such as Caterpillar and Deere are leading the advancers. Legg Mason and Apple Computer are up in the first 30 min of trading. |
|
|
Full Story... |
Pre-Market Lower Opening
Aug 23, 9:24 AM EDT |
|
| Futures trading indicate lower opening for popular averages. European markets are trading lower. BHP report 58% rise in profit. |
|
| Market averages are expected to open lower. Traders are focusing on oil price, semiconductor stocks and report on housing sales and oil inventories. July existing home sales are expected to show another decline in housing market. Weekly Petroleum Inventory report is expected to show a decline of at least 1 million barrels of crude oil. BHP Billiton reports 58% rise in Profit. |
|
|
Full Story... |
Asia Slips Awaiting Key Earnings
Aug 23, 7:35 AM EDT |
|
| Asian markets ended lower Wednesday, with investors moving to the sidelines before key earnings announcements. |
|
| Asian stocks were lower Wednesday, while Japanese technology company such as Canon Inc. advanced on anticipation of an earnings revision. South Korea and Taiwan led the decliners, while Tokyo benchmark index dipped as investors are gearing up for key earnings releases. Hong Kong also fell. Australian index was the only one to buck the downtrend. |
|
|
Full Story... |
Subdued Europe
Aug 23, 6:37 AM EDT |
|
| European markets traded around the flat line Wednesday, mirroring a lacklustre performance on U.S. markets overnight. |
|
| As interest rate worries resurfaced and oil prices held at around $73 a barrel, Europe was further held back by metals and defense stocks. A lack of surprises in the earnings report from metals company BHP Billiton and a spending plan at defense group EADS put mild pressure on U.K. and Paris bourses. By mid morning, London’s FTSE 100 edged down 0.1%, while Frankfurt’s Xetra Dax lost 0.2%. The CAC 40 in Paris shed 0.1%. |
|
|
Full Story... |
Gold Falls on Technical Trading
Aug 23, 5:22 AM EDT |
|
| Gold declined slightly Tuesday on technical trading and a stronger dollar, neglecting Iran answer to an U.N. call to halt its nuclear program. |
|
| A technical kind of trading and a firmer dollar pulled gold lower on Tuesday. Profit-taking weighed down on high-grade copper futures, although the market was able to rebound from its weakest levels as a strike continues against Escondida mine. Silver was also down, as well as platinum and palladium. |
|
|
Full Story... |
1
 |
|
