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Argentine stocks jump, peso firms on farm hopes
Reuters: [2008-05-19 23:18:00]
BUENOS AIRES, May 19 (Reuters) - Argentine stocks jumped on Monday, and the peso currency and bonds firmed as investors hoped farmers and the government would soon end a prolonged conflict over soy export taxes.
The benchmark MerVal index <.MERV> added 2.67 percent to 2,194.11 points. On the broad market, volume was brisk at $35 million. Of active issues, 59 advanced, 16 declined and nine ended unchanged.
Shares in Grupo Financiero Galicia <GFG.BA>, which controls Argentina's biggest bank, soared 6.0 percent to 1.93 pesos per share.
"The Merval focused on growing expectations regarding talks between the agricultural sector and the government. This expectation especially favored government debt and bank shares," said Francisco Marra, analyst with Bull Markets Brokers in Buenos Aires.
The farm strike has hammered Argentine bonds, and since local banks have obligations to hold government debt, when prices of those bonds fall so do bank shares.
On Monday farm leaders were meeting to consider whether to lift their protest over oilseed export taxes that the government hiked in March.
Farmers have been holding back grains for export and their strike has caused a political crisis by challenging President Cristina Fernandez's economic policy, and threatens to slow overall economic growth.
Government bonds on the local market rose 1 percent on average on Monday after falling sharply last week. The peso-denominated par bond rose 2.3 percent while the Boden 2014 in dollars rose 2.2 percent, traders said.
The peso currency gained 0.7 percent to 3.210/3.215 per U.S. dollar <ARSB=> in informal trade between foreign exchange houses as measured by Reuters. In formal interbank trade the peso slipped 0.08 percent to 3.1475/3.1500 per dollar <ARS=RASL>.
The central bank sold dollars last week to prevent a slide in the peso as Argentines jittery over the farm crisis sought save haven in greenbacks.
Traders said the peso had not been under pressure on Monday as investors expect a resolution to the farming crisis, but that the Central Bank intervened at the end of the session with some dollar sales to mark the closing price. (Reporting by Walter Bianchi, writing by Fiona Ortiz; Editing by Leslie Adler) ((Reuters Messaging: fiona.ortiz.thomsonreuters.com@thomsonreuters.net; e-mail: buenosaires.newsroom@thomsonreuters.com; +54 11 4318-0663)) Keywords: MARKETS ARGENTINA/
STOCKS NEWS US-U.S. economic diary for May 20
Reuters: [2008-05-19 23:04:00]
Stocks on the move [HOT-RTRS] Real-time Equity news [U E]
U.S. stock market report [.N]
1649 ET 19May2008-U.S. economic diary for May 20
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The day's economic agenda includes data on producer prices.
For more please double click [ECI/US]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1651 ET 19May2008-ADR Report-ADRs dip as mining shares ease
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U.S.-listed shares of overseas companies dipped on Monday, with shares of
some mining companies easing with a drop in copper prices.
For more please double click [ID:nN19562758]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1633 ET 19May2008-US STOCKS-Energy shares boost Dow, S&P 500 in light volume
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The S&P 500 index and Dow Jones industrials eked out gains on Monday as
record oil prices boosted energy shares, but the Nasdaq slipped after a
chipmaker's warning about consumer spending hurt technology shares.
For more please double click [ID:nN19526152]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1424 ET 19May2008-US STOCKS-Nasdaq turns negative as semis reverse gains
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The Nasdaq turned negative on Monday, as semiconductors reversed earlier
gains.
For more please double click [ID:nN19554768]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1337 ET 19May2008-HEADLINE STOCKS - U.S. stocks on the move, May 19
------------------------------------------------------------------------------
Some U.S. stocks on the move on Monday:
AMAZON.COM <AMZN.O>
CAMPBELL SOUP CO <CPB.N>
YAHOO <YHOO.O>, MICROSOFT <MSFT.O>
LOWES <LOW.N>
For more please double click [ID:nN19541085]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1324 ET 19May2008-US STOCKS-Oil, technology gains boost Wall Street
------------------------------------------------------------------------------
Wall Street stocks rose on Monday, driving the Dow Jones industrials up 1
percent as investors bet that the U.S. economy will avoid sinking into
recession, giving a boost to growth-sensitive sectors such as transport and
technology.
For more please double click [ID:nN19549436]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1220 ET 19May2008-Watson Wyatt CEO sells 32,700 shares
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The chief executive of Watson Wyatt Worldwide Inc <WW.N> revealed on Monday
that he sold 32,700 shares of the management consulting company, just over a
week after it posted stronger-than-expected quarterly results.
In a U.S. Securities and Exchange Commission filing, John Haley said he
sold the shares on May 15 for prices ranging from $59 to $59.15 a share, for a
total of $1.9 million.
This is the first time Haley has directly sold shares in Watson Wyatt on
the open market since at least 2003, according to insider filing tracker
InsiderScore.
Watson Wyatt shares, which were up 0.8 percent at $58.95 on Monday, have
gained 27 percent year-to-date.
Reuters Messaging: rm://kristina.cooke.reuters.com@reuters.net
1210 ET 19May2008-Building Materials CFO buys 30,000 shares
------------------------------------------------------------------------------
The chief financial officer of Building Materials Holding Corp <BLG.N>
revealed on Monday that he bought 30,000 shares of the company, a week after
the construction services company reported a first quarter loss.
In a U.S. Securities and Exchange Commission filing William Smartt said he
purchased the shares on May 15 for $3.11 a share, for a total purchase price of
about $93,300.
This is the first time Smartt has directly bought shares in Building
Materials on the open market since he joined the company in 2004, according to
insider filing tracker InsiderScore.
Building Materials shares, which slipped 0.3 percent to $2.94 on Monday,
are down about 47 percent year-to-date.
Reuters Messaging: rm://kristina.cooke.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
STOCKS NEWS US-ADR Report-ADRs dip as mining shares ease
Reuters: [2008-05-19 22:59:00]
Stocks on the move [HOT-RTRS] Real-time Equity news [U E]
U.S. stock market report [.N]
1651 ET 19May2008-ADR Report-ADRs dip as mining shares ease
------------------------------------------------------------------------------
U.S.-listed shares of overseas companies dipped on Monday, with shares of
some mining companies easing with a drop in copper prices.
For more please double click [ID:nN19562758]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1633 ET 19May2008-US STOCKS-Energy shares boost Dow, S&P 500 in light volume
------------------------------------------------------------------------------
The S&P 500 index and Dow Jones industrials eked out gains on Monday as
record oil prices boosted energy shares, but the Nasdaq slipped after a
chipmaker's warning about consumer spending hurt technology shares.
For more please double click [ID:nN19526152]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1424 ET 19May2008-US STOCKS-Nasdaq turns negative as semis reverse gains
------------------------------------------------------------------------------
The Nasdaq turned negative on Monday, as semiconductors reversed earlier
gains.
For more please double click [ID:nN19554768]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1337 ET 19May2008-HEADLINE STOCKS - U.S. stocks on the move, May 19
------------------------------------------------------------------------------
Some U.S. stocks on the move on Monday:
AMAZON.COM <AMZN.O>
CAMPBELL SOUP CO <CPB.N>
YAHOO <YHOO.O>, MICROSOFT <MSFT.O>
LOWES <LOW.N>
For more please double click [ID:nN19541085]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1324 ET 19May2008-US STOCKS-Oil, technology gains boost Wall Street
------------------------------------------------------------------------------
Wall Street stocks rose on Monday, driving the Dow Jones industrials up 1
percent as investors bet that the U.S. economy will avoid sinking into
recession, giving a boost to growth-sensitive sectors such as transport and
technology.
For more please double click [ID:nN19549436]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1220 ET 19May2008-Watson Wyatt CEO sells 32,700 shares
-------------------------------------------------------------------------------
The chief executive of Watson Wyatt Worldwide Inc <WW.N> revealed on Monday
that he sold 32,700 shares of the management consulting company, just over a
week after it posted stronger-than-expected quarterly results.
In a U.S. Securities and Exchange Commission filing, John Haley said he
sold the shares on May 15 for prices ranging from $59 to $59.15 a share, for a
total of $1.9 million.
This is the first time Haley has directly sold shares in Watson Wyatt on
the open market since at least 2003, according to insider filing tracker
InsiderScore.
Watson Wyatt shares, which were up 0.8 percent at $58.95 on Monday, have
gained 27 percent year-to-date.
Reuters Messaging: rm://kristina.cooke.reuters.com@reuters.net
1210 ET 19May2008-Building Materials CFO buys 30,000 shares
------------------------------------------------------------------------------
The chief financial officer of Building Materials Holding Corp <BLG.N>
revealed on Monday that he bought 30,000 shares of the company, a week after
the construction services company reported a first quarter loss.
In a U.S. Securities and Exchange Commission filing William Smartt said he
purchased the shares on May 15 for $3.11 a share, for a total purchase price of
about $93,300.
This is the first time Smartt has directly bought shares in Building
Materials on the open market since he joined the company in 2004, according to
insider filing tracker InsiderScore.
Building Materials shares, which slipped 0.3 percent to $2.94 on Monday,
are down about 47 percent year-to-date.
Reuters Messaging: rm://kristina.cooke.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
STOCKS NEWS US-Energy shares boost Dow, S&P 500 in light volume
Reuters: [2008-05-19 22:52:00]
Stocks on the move [HOT-RTRS] Real-time Equity news [U E]
U.S. stock market report [.N]
1633 ET 19May2008-US STOCKS-Energy shares boost Dow, S&P 500 in light volume
------------------------------------------------------------------------------
The S&P 500 index and Dow Jones industrials eked out gains on Monday as
record oil prices boosted energy shares, but the Nasdaq slipped after a
chipmaker's warning about consumer spending hurt technology shares.
For more please double click [ID:nN19526152]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1424 ET 19May2008-US STOCKS-Nasdaq turns negative as semis reverse gains
------------------------------------------------------------------------------
The Nasdaq turned negative on Monday, as semiconductors reversed earlier
gains.
For more please double click [ID:nN19554768]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1337 ET 19May2008-HEADLINE STOCKS - U.S. stocks on the move, May 19
------------------------------------------------------------------------------
Some U.S. stocks on the move on Monday:
AMAZON.COM <AMZN.O>
CAMPBELL SOUP CO <CPB.N>
YAHOO <YHOO.O>, MICROSOFT <MSFT.O>
LOWES <LOW.N>
For more please double click [ID:nN19541085]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1324 ET 19May2008-US STOCKS-Oil, technology gains boost Wall Street
------------------------------------------------------------------------------
Wall Street stocks rose on Monday, driving the Dow Jones industrials up 1
percent as investors bet that the U.S. economy will avoid sinking into
recession, giving a boost to growth-sensitive sectors such as transport and
technology.
For more please double click [ID:nN19549436]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1220 ET 19May2008-Watson Wyatt CEO sells 32,700 shares
-------------------------------------------------------------------------------
The chief executive of Watson Wyatt Worldwide Inc <WW.N> revealed on Monday
that he sold 32,700 shares of the management consulting company, just over a
week after it posted stronger-than-expected quarterly results.
In a U.S. Securities and Exchange Commission filing, John Haley said he
sold the shares on May 15 for prices ranging from $59 to $59.15 a share, for a
total of $1.9 million.
This is the first time Haley has directly sold shares in Watson Wyatt on
the open market since at least 2003, according to insider filing tracker
InsiderScore.
Watson Wyatt shares, which were up 0.8 percent at $58.95 on Monday, have
gained 27 percent year-to-date.
Reuters Messaging: rm://kristina.cooke.reuters.com@reuters.net
1210 ET 19May2008-Building Materials CFO buys 30,000 shares
------------------------------------------------------------------------------
The chief financial officer of Building Materials Holding Corp <BLG.N>
revealed on Monday that he bought 30,000 shares of the company, a week after
the construction services company reported a first quarter loss.
In a U.S. Securities and Exchange Commission filing William Smartt said he
purchased the shares on May 15 for $3.11 a share, for a total purchase price of
about $93,300.
This is the first time Smartt has directly bought shares in Building
Materials on the open market since he joined the company in 2004, according to
insider filing tracker InsiderScore.
Building Materials shares, which slipped 0.3 percent to $2.94 on Monday,
are down about 47 percent year-to-date.
Reuters Messaging: rm://kristina.cooke.reuters.com@reuters.net
1105 ET 19May2008-Wall St rises on economic optimism, Oracle
------------------------------------------------------------------------------
U.S. stocks rose on Monday as a key economic forecasting gauge suggested
that even although the economy was weak it has avoided going into recession,
easing worries about the profit outlook.
Investors snapped up technology shares on hopes that business spending will
hold up, with shares of Oracle Corp <ORCL.O>, the world's second-largest
software maker, up 3.7 percent and among the top advancers on the Nasdaq.
For more please double click [.N]
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
ADR Report-ADRs dip as mining shares ease
Reuters: [2008-05-19 22:51:00]
By Caroline Valetkevitch
NEW YORK, May 19 (Reuters) - U.S.-listed shares of overseas companies dipped on Monday, with shares of some mining companies easing with a drop in copper prices.
The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) <.BKADR> fell 0.2 percent while the 30-share Dow Jones industrial average <.DJI> ended up 0.3 percent.
U.S. copper futures ended lower after a large build in London warehouse stocks and concerns over China's near-term demand outlook. Copper for July delivery <HGN8> settled down 5.10 cents at $3.7755 a lb.
Shares of global miner BHP Billiton <BHP.N> slid 1.6 percent to $93.49, while shares of Brazilian miner Co Vale Do Rio <RIO.N> fell 1 percent to $43.46.
The Bank of New York Mellon's index of leading European ADRs <.BKEUR> fell 0.5 percent. The FTSEurofirst 300 <.FTEU3> index of top European shares closed 0.96 percent higher.
The Bank of New York Mellon's index of leading Asian ADRs <.BKAS> edged down 0.01 percent. In Japan, the benchmark Nikkei <.N225> rose 0.4 percent.
Receipts with the Bank of New York Mellon's index of leading Latin American ADRs <.BKLA> rose up 0.7 percent. In Latin America, major benchmarks were mixed, with Mexico's IPC index <.MXX> up 1 percent. (Editing by Jonathan Oatis) ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393; Reuters Messaging:caroline.valetkevitch.reuters.com@reuters.net)) Keywords: MARKETS STOCKS ADRS
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