4:30PM NY and 10:30PM Germany
Yield on 10-year bond closed at 4.808% and the 30-year bond closed at 4.933%.
Gold rose $12.40 to close at $592.70, silver increased 29 cents to at $11.67 as well as copper gained 2.70 cents to close at $3.41.
Oil rose 78 cents a barrel to close at $58.64, heating oil increased 5.03 cents to at $1.738, and gasoline rose 1.66 cents to close at $1.4675 per gallon, while natural gas dropped 9 cents to close at $5.69.
Asian markets closed higher led by an increase of 1.58% in India, a growth of 1.26% in South Korea and a gain of 1.02% in Japan. There were no decliners and Asian markets finished sharply higher, led by Japan and South Korea indexes increasing. Japan''s Nikkei ending at a five-month high as investors chased blue chips. South Korea came into the spotlight after upbeat earnings reports from large U.S. companies lifted expectations of a strong performance by their Asian counterparts.
Europe markets ended mostly higher led by an increase of 1.68% in Norway, a growth of 0.59% in U.K. and a gain of 0.36% in Spain. The decliners were led by Switzerland with a decrease of 0.26%, Belgium with a loss of 0.16% and France with a decline of 0.15%. European shares broke five-year highs as commodity-sensitive stocks such as oil giant BP gained ground, helping offset a sales-related decline from French cosmetics giant L''Oreal and some early weakness in U.S. trading.
Latin America markets ended higher led by Brazil with a growth of 1.51%, Canada with an increase of 1.17% and Argentina with a gain of 1.12%. There were no decliners on Friday. The Canadian market closed higher led oil price rise from early snow fall in the Northeastern U.S. region.
12:30PM European shares broke five-year highs.
European markets closed mostly higher Friday, surpassing five-year highs. Stocks were boosted by gains in commodity-related stocks on the back of rebounding oil, helping to offset losses posted by cosmetics giant L’Oreal and early weakness on Wall Street. London FTSE 100 ended up 0.3% at 6,142 as mining stocks Rio Tinto and BHP Billiton rose more than1%, and oil major BP climbed 1.8%. The German DAX 30 gained 0.1% at 6,168, with support provided by chip maker Infineon Technology and technology consulting group SAP. The French CAC 40 ended flat at 5,362, with 2.3% decline by L’Oreal weighing on the index. Shares of the cosmetics giant came under pressure, following disappointing sales figures. Still, the downward move was limited by gains at telecommunications giant Alcatel. Exchanges were again in the spotlight after Deutsche Boerse and Borsa Italiana agreed to push for a three-way merger with pan-European exchange operator Euronext. Euronext shares fell 0.8% and Deutsche Boerse also dropped 0.8%.
Crude oil prices climbed above $59 a barrel after Norway ordered production shut down at two offshore platforms. Light, sweet crude rose $1.42 to $59.28 a barrel. London Brent gained 099 cents to $59.73.
Gold for immediate delivery in London jumped $8.70 to trade at $588 per troy ounce.
11:30AM The Dow declined, dragged by Home Depot. Apple led the Nasdaq up.
U.S. stocks turned mixed in late morning trading Friday. A day after hitting an all-time high, the blue-chip index was dragged lower by losses at conglomerate General Electric and home improvement store Home Depot. At the same time, the tech-heavy Nasdaq was pushed to the upside, led by Apple Computer Inc. (
AAPL: chart), rising nearly 1%. Computer hardware stocks posted some strength, contributing to the gain shown by the Nasdaq. Apple (
AAPL: chart) and Dell (
DELL: chart) were two of the sector''s best performances.
Shares of General Electric Co. (
GE: chart) traded lower 1.3% on concerns that costs in some of its businesses advance faster than revenues. The company reported Q3 profit in line with expectations and higher-than-anticipated revenues, raising concerns about weak margins. In addition, a negative brokerage recommendation pushed the Dow average and the Standard & Poor''s 500 stock index further to the downside. Home Depot Inc. (
HD: chart) slipped 2.6% after Prudential Equity Group began coverage of the biggest retailers with an ‘unfavorable’ rating and suggested that investors should cut the proportion of Home Depot holdings. A drop in shares of Centex Corp. (
CTX: chart), the fourth-largest U.S. home builder, declined 3.9% after the company cut its earnings outlook because of slowing housing market. Computer hardware stocks posted some strength, contributing to the gain shown by the Nasdaq. Apple (
AAPL: chart) and Dell (
DELL: chart) were two of the sector''s best performances.
10:30AM The Sensex closes above 12,700 level as blue chips soared.
The Sensex on BSE finished 198.44 points, or 1.58% higher, at 12,736.42. But the market-breadth remained negative as small-caps and mid-caps witnessed intense profit-taking. On BSE 1,065 shares advanced, 1,459 declined, and 57 stocks remained unchanged.
From the 30-Sensex stocks, 20 advanced while the rest declined. The turnover on BSE jumped to Rs 4,071 crore, compared to Rs 3,479 crore on Thursday. The turnover on NSE was Rs 8,177.01 crore.
Economic news
The European Union and India made the first step on Friday toward an ambitious pact that both sides expect will pave the way to growing trade and investment between the two economic blocs. Currently less than 2% of European nation’s exports are to India. India exports less than $40 billion of exports to EU nations.
Inflation struck a 15-week high of 5.16% for the week ended September 30, but Finance Minister P Chidambaram stated there was no pressure on interest rates as prices will ease after arrival of recent harvest. 123jump.com survey of grain traders in the market points to higher food prices after the Diwali holiday period, despite rosy projections from the Finance Minister.
Most active
Reliance Industries was the most active stock on BSE with a turnover of Rs 207.73 crore, followed by Atlanta (Rs 204.31 crore), Infosys (Rs 176.34 crore), Reliance Communications (Rs 131.56 crore) and Tech Mahindra (Rs 102.95 crore).
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