Monday, November 27th, 2006
Japanese stocks rose this Monday, with retailers and banks mainly responsible for the rise. The US dollar was also higher against the Yen. The Nikkei rose more than 150 points to end at 15,885.38 points, an increase of 0.96 percent.
Japanese stocks rose Monday, led by banks, retailers and other shares judged to be sensitive to domestic demand. The dollar was higher against the yen.
The benchmark Nikkei index rose 150.78 points, or 0.96 percent, to finish at 15,885.38 points on the Tokyo Stock Exchange Monday.
Some exporters stocks also regained ground in the afternoon as the dollar rose versus the yen, reversing its recent slide
Source : Washington Post
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Wednesday, November 15th, 2006
Technology stocks pushed European stock exchanges higher, while exchange operators pulled stocks down. Infineon Technologies was one of the best performers increasing by 3.4%. Exchange operator stocks were down due to competition fears. Major European stock exchanges all gained more than 0.60%. Alcatel also saw an increase in stock value.
European stocks finished higher Wednesday, with a rally in tech stocks like chip maker Infineon Technologies offsetting a sharp drop in shares of exchange operators on competition concerns and an abandoned bid.
The German DAX Xetra 30 index rose 0.68 percent to 6,430.89. The French CAC-40 index rose 0.64 percent to 5,511.53 and the U.K. FTSE 100 index gained 0.7 percent to 6,229.80.
Shares of Infineon Technologies gained 3.4 percent after its partially held unit Qimoda more than quadrupled quarterly profit. J.P. Morgan said the results imply that Infineon’s earnings per share would be double the broker’s old forecast.
Source : BusinessWeek
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Monday, November 13th, 2006
Word on the streets is that UK prime minister Tony Blair will be presenting a proposal that will seek to keep some control of the London Stock Exchange in UK hands even if it’s acquired by a foreign company. Nasdaq is interested in taking over the LSE, European stock exchanges are also looking into the acquisition of the LSE. The London Stock Exchange is the largest European equities market by value.
U.K. Prime Minister Tony Blair will this week propose laws to protect the regulation of London Stock Exchange Plc in the event of an acquisition by a foreign rival, according to people with knowledge of the government’s plans.
The bill will be presented by Queen Elizabeth II in a ceremony to mark the formal opening of Parliament in London on Nov. 15, said the people, who declined to be identified because the bill isn’t yet public.
Nasdaq Stock Market Inc’s bid this year for LSE, Europe’s biggest equities market by value of listed companies, fueled speculation that some U.S. rules, such as the Sarbanes-Oxley Act, may be applied in the event of a takeover. Sarbanes-Oxley imposed stricter accounting rules and penalties on publicly traded companies in the U.S.
Source : Bloomberg.com
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Monday, November 6th, 2006
Not much was happening this Monday on the Japanese stock exchanges. Auto and technology stocks slightly increased in value while electricity and retailer stocks fell some. The Nikkei 225 rose 0.09 percent to end at 16,364.76 points. The dollar rose against the Japanese currency.
The benchmark Nikkei 225 index rose 14.74 points, or 0.09 percent, to finish at 16,364.76 points on the Tokyo Stock Exchange. But the broader Topix index, which includes all shares on the exchange’s first section, dropped 2.31 points, or 0.14 percent, to 1,616.71.
Declines in U.S. stocks and uncertainty over the U.S. elections Tuesday weighed on the market.
Hopes that stocks might get a boost from the latest earnings reports also faded as only few major Japanese firms that reported earnings in the past few weeks lifted their outlooks, traders said.
Even so, investors aren’t that worried about a possible tumble in the Nikkei index because first-half results have been relatively strong.
Source : Chron.com
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