Established 1999
 
8,000 companies from
USA,Canada and India.		  
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Sellers Grip India
Author: Elena Todorova
123jump.com
Last Update: 10:50 AM EDT June 08 2006

(Continued)

Email article | Print article

Lack of direction in the U.S. rates have roiled global markets, Indian and Japan were down close to 5% in the session. Small-cap and mid-cap stocks faced wave of selling from domestic investors. Fear that the rates will rise in Europe and Japan kept investors on the edge. Trading was highly volatile with Bajaj Hindustan plunging 20%. Indian Hotels now trades at 50% below the peak in May 2006.

 
Light sweet crude oil for July delivery dropped $1.15 cents to $69.67 a barrel and July Brent crude futures on London''s ICE Futures exchange lost 28 cents to $68.91 a barrel. Gold bullion started trading Thursday at a bid price of $621.85 a troy ounce, higher than $621.25 late Wednesday. The dollar rose slightly against the euro. In morning European trading, the euro purchased $1.2772, down from $1.2794 in New York on Thursday. The British pound eased to $1.8549 from $1.8560 in New York, while the dollar advanced to buy 113.76 Japanese yen from 113.46 yen the day before.
  1  2 More: Market Update Archive

 
 
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
© 1999-2008 123jump.com. All rights reserved