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Stock markets go into October on high hopes for the U.S. economy
Canadian Press - TORONTO (CP) - Stock markets could be in for a calm spell in the next month following the most recent selloff of overbought resource stocks in Toronto and the growing conviction that a U.S. economic slowdown will end with a soft landing.
Nikkei hits highest close since early Sept on tankan
Reuters - The Nikkei average rose 0.79 percent on
Monday to end at its highest close in nearly a month, as Canon
Inc. (7751.T) and others with strong profit prospects rose
after a Bank of Japan survey showed improved Japanese business
sentiment.
Stock futures dip, crude fall eyed
Reuters - U.S. stock futures slipped on Tuesday,
indicating an opening fall on Wall Street, with energy shares
set to be hit but the broader market supported by crude's
continued fall.
Stock futures flat, Dow set to extend record
Reuters - U.S. stock futures were flat on
Wednesday with the Dow poised to extend its record peak ahead
of a speech by Federal Reserve President Ben Bernanke.
Nasdaq, NYSE in talks for India BSE stake: paper
Reuters - NYSE Group Inc. and Nasdaq Stock
Market Inc. are in discussions to buy a strategic
stake in India's Bombay Stock Exchange Ltd., the Economic Times
reported on Thursday quoting unnamed sources.
Stock futures weaker before payroll data
AP - U.S. stock futures were down modestly on Friday ahead of key monthly employment data, with below-forecast results from chipmaker Micron Technology also adding some pressure.
Telstra CEO talks up earnings ahead of multi-billion share float
AFP - The chief executive of Australian telecoms giant Telstra talked up the company's prospects ahead of the launch Monday of the prospectus for a multi-billion-dollar share sale.
Wall St. seen down on Korea news, eyes on earnings
Reuters - Wall Street headed for a lower start on
Monday as North Korea's underground nuclear test and continued
concern about the depth of a U.S. economic slowdown will likely
prompt more investors to lock in equity gains.
Stock futures flat before earnings start
AP - U.S. stock market futures were virtually unmoved Tuesday in the last trading session before third-quarter earnings season officially kicks off with results from Alcoa, the Dow industrials component.
Alcoa 3Q earnings soar 86 percent
AP - Alcoa Inc. posted sharply higher earnings Tuesday on strong demand from aircraft, truck and train producers, overcoming weak prices and a seasonal downturn. But the aluminum maker's 86 percent profit rise disappointed analysts.
PepsiCo 3Q profit rises
AP - PepsiCo Inc., the snack food maker and No. 2 soft drink company, said Thursday its third-quarter profit jumped 71 percent, reflecting a more than 9 percent increase in sales and comparison with results that were depressed by a tax charge a year ago.
Jasdaq, Nasdaq consider alliance
AP - Japanese high technology-oriented stock exchange Jasdaq said Friday it is in talks with its U.S. counterpart, Nasdaq, about a possible alliance that might allow mutual listing of companies on each other's markets.
Euronext, NYSE ready for talks on consolidated European stock market
AFP - Europe's leading crossborder exchange Euronext and the New York Stock Exchange (NYSE) reaffirmed their willingness to start talks at once with the Frankfurt and Milan exchanges to create a consolidated European stock market.
Stock futures edge lower after rally
AP - U.S. stock market futures edged lower on Monday after last week's rally, as investors took some money off the table with the third-quarter earnings season about to kick into another gear.
National City quarterly profit rises 15 percent
Reuters - National City Corp. , the No. 8
U.S. bank, on Tuesday said third-quarter profit rose 15
percent, helped by higher fees and improved results from
mortgages.
Mellon reports stronger quarterly earnings
Reuters - Mellon Financial Corp. on
Wednesday reported higher quarterly profits as improved stock
market conditions boosted fees earned by the financial service
firm's money management division.
UnitedHealth reports higher quarterly profit
Reuters - Insurer UnitedHealth Group Inc.
, whose chief executive is leaving amid a stock option
scandal, on Thursday posted higher quarterly profit, helped by
higher revenue from premiums.
Schlumberger quarterly earnings jump
Reuters - Schlumberger Ltd. , the world's
largest oilfield services company, on Friday said quarterly
earnings nearly doubled on strong drilling demand and sharp
growth in its seismic business, which measures oil and gas
deposits.
More solid earnings may keep rally going
Reuters - Stocks should extend their rally next
week, taking the Dow to fresh records, as long as corporate
earnings keep topping expectations and beat back concerns that
equities have gotten a tad pricey recently.
Halliburton 3rd-qtr earnings rise
Reuters - Halliburton Co , the world's
No. 2 oilfield services group, on Sunday posted higher
quarterly earnings, bolstered by heavy spending by energy
producers on oil and gas output.
Tokyo stocks mixed ahead of earnings
FT.com - The Japanese stock market was in a jittery mood on Monday morning ahead of this week's slew of earnings results, initially falling before ending the morning slightly higher.
Volvo Q3 tops consensus, says U.S. market to weaken
Reuters - Truck maker Volvo (VOLVb.ST) posted
quarterly pretax profit above expectations on Tuesday, said key
markets would be at the top end of its forecast in 2006, but
saw a sharp North American downturn in 2007.
Honda reports booming sales for 2Q
AP - Honda Motor Co. said Wednesday that second-quarter profit slipped 4.3 percent, but sales were strong especially in North America and Asia, where demand for fuel-efficient Japanese cars has been growing.
GM, Chrysler Group post 3Q losses
AP - After months of restructurings, job cuts, management changes and other moves to lift their fortunes, domestic automakers still are posting losses as market share slips further toward their Asian rivals.
TSE says in talks with NYSE on business tie-up
Reuters - The Tokyo Stock Exchange (TSE) said on
Friday it is in talks with the New York Stock Exchange (NYSE)
on an operational tie-up, as the U.S. bourse focuses on
increasing its Asian presence amid intensifying competition
among stock exchanges.
Hyundai 3Q profit falls 47 percent
AP - Hyundai Motor Co. announced Monday that its third-quarter net profit fell 47 percent from a year earlier, sliced by a stronger won and production losses from a strike.
Mitsubishi Motors reports narrower loss
AP - Japan's troubled Mitsubishi Motors on Monday reported a narrower net loss of 16.1 billion yen ($137 million) for fiscal first-half compared to the same period last year, helped by favorable foreign exchange rates and reduced costs.
Hitachi says loss widens in first half
AP - Hitachi Ltd. said Tuesday its group net loss widened in the six months through September, hurt by mushrooming costs of repairing nuclear power plant turbines and poor home appliance sales.
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