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Stocks End Solid 1Q With Modest Decline
AP - Stocks closed out a solid first quarter with a modest decline Friday despite lower oil prices and a round of temperate economic data that mitigated concerns about inflation and higher interest rates. The major indexes finished mixed for the week, but were higher for the month and the quarter.
Commodities to drive TSX higher while investors look to US manufacturing data
Canadian Press - TORONTO (CP) - The Toronto stock market is poised for further gains this week after two back-to-back record high closes, even as profit taking and a drop in oil prices at week's end yielded only a flat finish for the week. That's because the TSX is tilted toward a concentration in commodities and analysts think prices in energy and metals will not only hold firm but likely trend higher.
Stock market indicators mostly positive at start of Merger Monday
Canadian Press - TORONTO (CP) - Amid a flurry of mergers, North American stock markets looked set for a positive start Monday.
Stock Futures Steady; Euro Up Vs. Dollar
AP - U.S. stock market futures were stuck in neutral Tuesday, though Computer Sciences may see activity on a report it will cut jobs and is in talks to be sold.
Japan's TOPIX ends lower, off nearly 15-year high
Reuters - Japan's TOPIX index reversed morning
gains to close lower on Wednesday as profit-taking trimmed
rises in Toyota Motor Corp., Mizuho Financial Group Inc. and
other leading firms, and steel makers slid on concerns about
higher raw material costs.
Japan TOPIX at highest close since 1991
Reuters - Japan's TOPIX index marked its highest
close since November 1991 on Thursday, rising 1.70 percent as
bank shares such as Mitsubishi UFJ Financial Group and other
top firms gained on earnings prospects.
Nikkei ends above 17,500, 1st time since July 2000
Reuters - The Nikkei rose 0.42 percent on Friday to
close above 17,500 for the first time since July 2000 as
technology stocks rose on earnings hopes and metal stocks
gained on high copper prices.
Toronto Stock Exchange could hit 13,200 by year's end: CIBC World Markets
Canadian Press - TORONTO (CP) - The Toronto Stock Exchange is well on its way to hitting a year-end target of 13,200 points, according to a bullish outlook from CIBC World Markets. Chief strategist Jeff Rubin predicts that Canada's benchmark stock index, which just rocketed through yet another record-smashing week, will continue to ride high in 2006 on robust energy and materials stocks.
Nikkei falls on rate concerns
Reuters - The Nikkei fell 0.61 percent on Monday,
with shares in Sony Corp. and other recent gainers declining
after stronger-than-expected U.S. jobs data fueled concerns
about further interest rate increases in the world's largest
economy.
Nikkei down as chip stocks fall
Reuters - The Nikkei average fell for the second
straight session on Tuesday, giving up 0.22 percent as shares
in Advantest Corp. (6857.T) and other chip-related firms lost
ground after a brokerage downgrade.
Nikkei falls 1 pct on techs, Toshiba down
Reuters - The Nikkei average fell for a third
straight session on Wednesday, dropping 0.96 percent by
midafternoon as shares in electronics firms such as Advantest
Corp. tracked losses by their U.S. counterparts.
Nikkei snaps 3-day losing streak, chips rebound
Reuters - The Nikkei average snapped a three-day
losing streak on Thursday, rising 0.21 percent as Tokyo
Electron Ltd. (8035.T) advanced on news of increased product
orders and prompted a rebound among chip-related firms' shares.
Samsung Electronics' 1Q Profits Up 26 Pct.
AP - Samsung Electronics Co., South Korea's largest company, said Friday its first-quarter net profit rose 26 percent from the year before amid strong demand for large-size flat screen televisions.
NYSE fans consolidation talk
Reuters - The New York Stock Exchange (NYSE)
said it was in talks regarding an acquisition or strategic
alliance, in a further sign major world exchanges are getting
ready to consolidate the sector.
NYSE in strategic talks
Reuters - The New York Stock Exchange
said it was in talks regarding a strategic transaction,
and a source familiar with the situation said on Saturday that
the London Stock Exchange is one of the parties to the
discussions.
Regions Financial quarterly profit up 22 percent
Reuters - Regions Financial Corp. , a
large southeastern U.S. bank, on Monday posted a 22 percent
rise in first-quarter profit, helped by stronger net interest
income and record earnings at Morgan Keegan.
Nikkei ends up, financial and oil stocks gain
Reuters - The Nikkei share average rose 1.37
percent on Tuesday as investors returned to recently battered
financial stocks, while Nippon Mining Holdings Inc. and other
resource-related shares rose on higher oil prices.
Nikkei up as US rate hike fears ease, Canon up
Reuters - The Nikkei rose 0.68 percent on Wednesday
as Canon Inc. and other exporters climbed after U.S. stocks
posted their biggest gains in a year on expectations the U.S.
interest rate-hike cycle may be near an end.
Nikkei flat as energy stocks rise, Hoya down
Reuters - The Nikkei average was virtually flat by
midafternoon on Thursday as record high oil prices lifted
energy firms such as Nippon Oil Corp. (5001.T) but hurt Oji
Paper Co. Ltd. (3861.T) and others sensitive to fuel costs.
Halliburton 1Q Profit Income Rises 33 Pct.
AP - Oilfield services conglomerate Halliburton Co. said Thursday that first-quarter net income rose 33 percent, a boost driven largely by increased sales and robust rig activity in North America.
GDP Data Could Zap Wall Street Excitement
AP - Investors will likely enjoy another round of solid earnings reports this week, but those numbers could be easily ignored as the market shifts its focus back to the economy.
Wall Street seen mixed on firm oil, earnings eyed
Reuters - Shares on Wall Street headed for a mixed
start on Monday as oil prices within sight of new record highs
rekindled inflation worries, offsetting what was expected to be
another batch of mostly solid corporate earnings.
Canon to shine as Japan precision makers report
Reuters - Canon Inc. is expected to post a solid
rise in quarterly profit on robust sales of digital cameras and
color copiers and a weak yen, keeping Japan's top precision
equipment maker on track for a record year.
Baker Hughes profit soars on oil-service demand
Reuters - Baker Hughes Inc. on Wednesday
said its first-quarter profit almost doubled on sharply higher
revenues for its drilling and production services for the oil
and gas industry.
Canon's 1Q Profit Hits $942M Record High
AP - Booming digital camera and color copier sales lifted Canon's net profit 16 percent in the first quarter to a record 108.3 billion yen ($942 million), keeping Japan's top precision equipment maker on track for a seventh year of record earnings.
Alcatel Posts Profit Decline
TechWeb - The report indicates that the tough competitive landscape among telecommunications infrastructure suppliers is intensifying across-the-board in the sector.
India's Jet Airways yearly profit jumps 15 percent
AFP - Jet Airways, India's largest private airline, has said full-year net earnings rose 15 percent on air-traffic growth and profit from the sale and leaseback of planes.
Investors Await Raft of Economic Data
AP - Major stock indexes held above five-year highs last week, even as a slumping U.S. dollar and soaring oil prices raised inflation concerns. But a raft of economic reports this week could upset this glass-half-full optimism if they suggest the economy has too much momentum, analysts said.
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