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February 28, 2006
by Elaine Frei
The New York equities markets were down at midday on Tuesday as Google issued a warning on slowing growth that hurt not only that company’s shares but those of other internet companies as well.
The Dow Jones Industrial Average had fallen 0.8 percent at mid-session to 11,005.26, while the Nasdaq Composite had declined by 1.1 percent to 2,282.77 and the S&P ...
by Elaine Frei
The FTSE 100 had its worst day since last October while the FTSE 250 was also down on the day. The FTSE 100 lost 1.4 percent to 5,791.5 and the FTSE 250 was down 0.6 percent to 9,448.3.
The banking sector was mixed. Royal Bank of Scotland was up 2.7 percent to £19.09 when it announced that it would return £1 ...
by Elaine Frei
Prices on base and precious metals were up on Tuesday after Monday’s falling prices. Three-month copper, for example, was up 3 percent on the day, by $167 to $4,807 per tonne in late afternoon trade on the London Metal Exchange after a 4 percent drop on Monday. Three-month aluminium was up $50 to $2,410 per tonne and recovered around two-thirds ...
by Elaine Frei
The US dollar was down on Tuesday after the release of several dollar-negative economic reports.
Among the bad news was a report showing that the sales of existing homes in the United States were down by 2.8 percent in January, the lowest figure in nearly two years. Also, the Chicago purchasing managers’ index was down from 58.5 in January ...
by Elaine Frei
Yields were down and prices were up on US Treasury bonds on Tuesday as investors reacted to lower consumer confidence, purchasing, and existing home sales data. At late morning, the two-year treasury was yielding 4.668 percent, 5.1 basis points lower, while the 10-year bonds were down 3.7 basis points to 4.557 percent.
European bond yields were lower as well as the new ...
February 27, 2006
by Elaine Frei
In mid-afternoon trade on Thursday the European equities markets were mixed, with the Eurofirst and Xetra Dax up slightly but the CAC-40 down just a bit. Once again, activity in the utilities sector was one of the driving forces behind the gains and losses.
The FTSE Eurofirst 300 was up 0.1 percent in the middle of the afternoon session to 1,360.82. ...
by Elaine Frei
The Tokyo equities markets were up on Monday on gains in the banking and steel sectors. The Nikkei 225 and the Topix index were each up by 0.6 percent to 16,192.95 and 1,656.82 respectively.
Despite the gains, the real estate sector was down for the day even though indications are that foreign investment is returning to the sector after pulling ...
by Elaine Frei
The New York equities markets were up in midday trade on Monday after losses on Thursday and Friday of last week. The Dow Jones Industrial Average had risen by 0.5 percent to 11,118.60 by the middle of the session, while the Nasdaq composite was up 1 percent to 2,308.84 and the S&P 500 was up 0.5 percent to ...
by Elaine Frei
Crude oil prices fell on Monday as investor concern faded over an attempted attack on a Saudi Arabian oil processing facility on Friday. The Saudi oil minister said that the incident did not impact oil and gas production, and it was reported that on Sunday, Saudi forces killed five individuals linked to the attempt.
West Texas Intermediate crude prices for ...
by Elaine Frei
The yen was up again on Monday in morning trade in Europe as the Japanese government sent signals that they might be closer to acquiescing to the Bank of Japan’s feeling that the time to begin tightening monetary policy might soon arrive. Despite recent statements from various government officials that deflation has not yet ended, prime minister Junichiro Koizumi said ...
February 24, 2006
by Elaine Frei
European equities markets were up in mid-afternoon trade on Friday, with the FTSE Eurofirst up 0.2 percent to 1,358.08. Additionally, Germany’s Xetra Dax was up 0.1 percent to 5,861.5 and the CAC 40 in Paris gained 0.4 perent to 5,062.2
Companies related to food production and sales were mixed on the day. Danone was up 2 percent to €96.95 ...
by Elaine Frei
Japanese equities markets were up slightly on Friday as domestic stocks tended to rise while export-focused companies were generally down on the day as the yen gained value in relation to the US dollar.
The Nikkei closed up 0.1 percent to 16,101.91, while the Topix index gained 0.4 percent to 1,647.74.
Among the sectors to see losses on the day were the ...
by Elaine Frei
Prices on government bonds in the UK and in Europe were mixed but mostly down and yields were generally up on Friday due to worries about rises in interest rates and other economic news.
In the eurozone, investors seemed to be waiting to see whether the European Central Bank will raise interest rates a quarter of a point as expected ...
by Elaine Frei
The Japanese yen hit a four-week high against the US dollar in morning trade in Europe on Friday as anticipation grew that the Bank of Japan will soon abandon it’s loose monetary policy. The speculation has been accelerated by comments made by the governor of the Bank of Japan on Friday that repeated his testimony before parliament Thursday ...
by Elaine Frei
Crude oil prices were up on Friday as an attack on a Saudi Arabian oil facility increased concerns already high due to security problems in Nigeria and Iraq.
April contract Brent crude prices on the International Petroleum Exchange were up $1.78 to $62.32 per barrel, 70 cents of that increase coming after reports of the Saudi attack surfaced. West ...
February 23, 2006
by Elaine Frei
London equities markets were down on Thursday as the FTSE 100 lost 22.8 points to 5,849.3 and the FTSE 250 dropped 9.5 points to 9.462.7. Much of the declines could be attributed to losses by Reuters and weakness in the oil sector.
Reuters was down 10.1 percent to 405¾p despite revenue and profits reports that were about as expected.
Some retailers saw ...
by Elaine Frei
In Europe on Thursday the equities markets fell, with the FTSE Eurofirst 300 declining by 0.2 percent to 1,355.46. Banking and retail were up on the day, but utilities were mixed and foods were down.
Among bankers DnB Nor, Norway’s largest bank, was up 0.9 percent to NKr81.50 after a strong performance in its brokerages led to a 28 percent leap ...
by Elaine Frei
Midday on Wall Street saw the main indexes down amid profit-taking following gains on Wednesday. The Dow Jones Industrial Average had dropped 0.4 percent to 11.092.99. The Nasdaq composite was nearly unchanged at 2,284.09, but the S&P 500 had fallen by 0.3 percent to 1,289.
The Nasdaq was helped by a 3.1 percent rise by Google, while the ...
by Elaine Frei
Crude oil prices were mixed on Thursday as analysts and traders waited for the weekly report of US inventories to be released. While April contract Brent crude on the International Petroleum Exchange was up 17 cents to $60.61 per barrel, West Texas Intermediate crude on the New York Mercantile Exchange had lost 11 cents to $60.90. ...
by Elaine Frei
The Japanese yen was up in morning trade in Europe on Thursday as the governor of the Bank of Japan made comments to a committee of parliament that seemed to imply that the Bank’s loose monetary policy is about to end. This move, when it is made, is expected to allow interest rates in Japan to rise from their current ...
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The New York equities markets were down at midday on Tuesday as Google issued a warning on slowing growth that hurt not only that company’s shares but those of other internet companies as well.
The Dow Jones Industrial Average had fallen 0.8 percent at mid-session to 11,005.26, while the Nasdaq Composite had declined by 1.1 percent to 2,282.77 and the S&P ...
London equities markets were down on Thursday as the FTSE 100 lost 22.8 points to 5,849.3 and the FTSE 250 dropped 9.5 points to 9.462.7. Much of the declines could be attributed to losses by Reuters and weakness in the oil sector.
Reuters was down 10.1 percent to 405¾p despite revenue and profits reports that were about as expected.
Some retailers saw ...