New York - US stocks fell on Friday after two leading banks said they made less money in March, but the major indices were still up at least 6 per cent for the week.
JPMorgan Chase & Co and Bank of America Corp said that earnings had fallen this month after they made money in the first two months of the year, pushing their shares down more than 3 per cent, Bloomberg financial news reported.
Manila - Philippine shares rose for the fifth straight day on Friday, soaring 2.61 per cent amid brightening prospects for a recovery of the global economy.
The Philippine Stock Exchange's 30-share composite index gained 51.99 points to close at 2,040.25, from Thursday's finish of 1,988.26.
A total of 2.5 billion shares valued at 2.82 billion pesos (58.44 million dollars) were traded.
Gainers swamped losers 78 to 30, with 34 issues unchanged.
Tokyo - Tokyo stocks extended its winning streak to end Friday morning trading higher after Wall Street advanced overnight on continued hopes of an improved economic outlook in the United States.
The benchmark Nikkei 225 Stock Average inched up 83.22 points, or 0.96 per cent, to 8,719.55, as US companies posted better-than-expected earnings figures.
The broader Topix index of all first-section issues was also up 7.67 points, or 0.93 per cent, to 834.48.
New York - US stock indices continued their strong monthly showing on Thursday on some positive company earnings reports, the latest in a string of better-than-expected economic news in the midst of the US recession.
US electronics chain Best Buy Co, food producer ConAgra Foods Inc and drinks maker Dr Pepper Snapple Group Inc led a 4-per-cent rally in consumer shares.
General Motors Corp surged 14 per cent after about 7,500 workers accepted the company's buyout offer, helping the US carmaking giant reduce labour costs.
Better than expected inflationary figures and continued buying action across bluechip stocks assisted Sensex to stay in the positive terrain.
Yesterday’s major performer realty hammered badly today while consumer goods, power, metal and auto stocks topped the gainers list.
BSE Midcap and Smallcap index surged 0.94% and 0.96% respectively.
For the week ended March 14, 2009, the country’s benchmark wholesale price index (WPI), inflation declined further to 0.27% as against 0.44% during the last week.
The Bombay Stock Exchange (BSE) Sensex closed the week with a marginal gain of 45.39 points at 10,048.
New York - US stocks fell on Friday after two leading banks said they made less money in March, but the major indices were still up at least 6 per cent for the week.
Manila - Philippine shares rose for the fifth straight day on Friday, soaring 2.61 per cent amid brightening prospects for a recovery of the global economy.
Tokyo - Tokyo stocks extended its winning streak to end Friday morning trading higher after Wall Street advanced overnight on continued hopes of an improved economic outlook in the United States.
New York - US stock indices continued their strong monthly showing on Thursday on some positive company earnings reports, the latest in a string of better-than-expected economic news in the midst of the US recession.
Better than expected inflationary figures and continued buying action across bluechip stocks assisted Sensex to stay in the positive terrain.
