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February 22, 2006
by Elaine Frei
The Tokyo equities markets were down on Wednesday as chip-related shares followed their American counterparts lower.
The Nikkei 225, which is heavily weighted for technology stocks, dropped 0.7 percent on the day to 15,762.54, while the Topix index dropped only 0.2 percent, helped out somewhat by rising steel shares.
Nippon Steel, Japan’s largest steel maker, gained 1.2 percent to ¥432, while JFE ...
by Elaine Frei
European equities markets were up on Wednesday, helped significantly by good news in the breweries sector. The FTSE Eurofirst 300 gained 0.3 percent to 1,353.84, while Frankfurt’s Xetra Dax was up 0.5 percent to 5,828.65 and France’s CAC 40 was up 0.6 percent to 5,022.35.
Utilities, which were up on Tuesday over bid rumors, saw declines as German utility Eon’s bid ...
by Elaine Frei
The decline of the Icelandic krona by 4.6 percent in relation to the US dollar on Tuesday sent a number of emerging and high-yield currencies down on Wednesday morning as investors reacted to the krona’s decline. Tuesday’s drop in the krona led Fitch to lower Iceland’s country rating to “negative” from “stable” due to its current account deficit and its rising external ...
by Elaine Frei
Consumer prices in the United States were up by 0.7 percent in January, higher than the expected gain of 0.5 percent and after a decline of 0.1 percent in December. High energy prices were cited as the main force pushing the CPI up. Energy prices grew by 5 percent in January, led by a 6.4 percent ...
by Elaine Frei
Following the release Wednesday of the minutes from the most recent meeting of the monetary policy committee of the Bank of England, which revealed that only one committee member voted to cut interest rates, gilt yields rose and prices fell as traders lost hope that rates will decline any time in the near term. Speculation before release of the ...
February 21, 2006
by Elaine Frei
The New York equities markets were down in mid-day trade on Tuesday on a mixed but mostly lower retail sector and declines in the computer hardware sector.
The Dow Jones Industrial Average was down 1.3 percent in the middle of the day to 11,070.74, the Nasdaq composite had dropped 1 percent to 2,260.27, and the S&P 500 had declined by 0.4 ...
by Elaine Frei
The equities markets in London were up in mid-day trading on Tuesday, led by advances in the energy sector brought on by bidding wars on the continent.
The FTSE 100 was up 0.3 percent to 5,882.3 and the FTSE 250 advanced by the same percentage to 9.481.0.
While Eon and Gas Natural fought it out to see which firm would be able to acquire Endsea, ...
by Elaine Frei
European equities markets were up on Tuesday, mainly on gains in the energy sector spurred on by a bidding war for Spain’s Endsea.
The FTSE Eurofirst 300 was up 0.7 percent to 1,355.05. In Frankfurt, the Xetra Dax fained 0.7 percent as well, to 5,836.56, while in Paris the CAC 40 was up to 5,013.78.
Eon, Germany’s largest energy firm, has launched ...
by Elaine Frei
Reversing recent declines, domestic sectors in Japan posted huge gains on Tuesday, sending the Nikkei 225 and Topix indicies up to their sharpest rises in three weeks.
The Nikkei was up a full 3 percent to 15,894.94, while the Topix index gained 2.5 percent to 1,612.56.
The real estate sector had the largest gains, up 8.1 percent overall, while retailers gained 4.5 ...
by Elaine Frei
The US dollar was up on Tuesday in early-day trade in Europe as traders awaited the release of the minutes from the most recent meeting of the US Federal Reserve. The minutes from the January 31 meeting, Alan Greenspan’s last as Fed chairman, are expected to support at least two or three more interest rate hikes. Some ...
February 20, 2006
by Elaine Frei
Equities markets in Europe saw advances on Monday on the strength of gains the oil sector as the FTSE Eurofirst gained 0.2 percent to 1,345.92, a new four and a half year high.
The oil sector was up on higher crude oil prices. Statoil gained 3.5 percent to €178. Meanwhile Saipem, the largest oil field services company in Europe, was ...
by Elaine Frei
The Tokyo markets fell substantially on Monday as declines continued in domestic sectors, with foreign selling a huge factor in the drops. The Nikkei 225 was down 1.8 percent to 15,437.93, while the Topix index dropped 2.1 percent to 1,572.11.
The banking sector as a whole was down 3 percent after Mitsubishi UFJ cut its group net profit forecasts for the 2008/2009 ...
by Elaine Frei
Attacks against oil production and distribution installations in Nigeria sent crude oil prices up in London on Monday. The attacks, which included the kidnapping of nine oil workers led to a cut in Nigerian oil exports of 25 percent. Nigeria, a member of the Organization of Oil Producing Countries, is the world’s eighth largest producer of crude oil, ...
by Elaine Frei
The euro and sterling both strengthened on Monday on positive data, while the US currency trade took the day off for Presidents Day.
Comments by Jean-Claude Trichet, the president of the European Central Bank to the European Parliament that expectations for interest rate tightening in the eurozone are sensible, that economic growth on the zone was on the upswing, and that ...
by Elaine Frei
Prices on government bonds were up in the eurozone and in Japan on Monday, while they were mixed in London.
In the eurozone, prices were up and yields down, continuing a rally that began last week. This was true even though new data showed that producer prices were up by 1.2 percent in Germany in January, equal to a 5.6 ...
February 17, 2006
by Elaine Frei
Metals prices were mixed during the week, with a boost to the price of platinum coming at the end of the week with news of a possible bid for Lonmin, which has a goal of producing 1 million ounces of the precious metal this year. That bid news and announced goal sent the price of platinum up $8 to ...
by Elaine Frei
The London equities markets ended the day and the week at high levels on Friday, as the mining, banking, and energy sectors saw gains but retail and newspapers were hit by declines.
The FTSE 100 was up 0.3 percent on the day and 1.4 percent on the week to 5,846.2, its highest closing since June 2001. Meanwhile, the FTSE 250 closed at ...
by Elaine Frei
In Tokyo on Friday, the equities markets were down on declines in domestic stocks, including the real estate sector, which fell as foreign investors continued to pull out of the Japanese market.
The Nikkei 225 was down 2.1 percent on the day to 15,713.45, a three-week low, and the Topix index dropped 1.6 percent to 1,605.33.
Real estate was down 5.4 percent ...
by Elaine Frei
The Japanese yen was down in morning trade in Europe on Friday, as hints of continuing deflationary pressures outweighed news that the gross domestic product in Japan was up more than had been expected in the fourth quarter of 2005.
The Japanese GDP was up 1.4 percent in the last quarter of 2005, against an expected gain of 1.2 percent. This ...
February 16, 2006
by Elaine Frei
US Treasury bonds traded very close to previous levels on Thursday as investors had several items of economic data to take into consideration while making buy and sell decisions.
New housing starts in the US were reported up in January and a report from the Federal Reserve Bank in Philadelphia showed a very strong increase in its February activity index. ...
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The Tokyo equities markets were down on Wednesday as chip-related shares followed their American counterparts lower.
The Nikkei 225, which is heavily weighted for technology stocks, dropped 0.7 percent on the day to 15,762.54, while the Topix index dropped only 0.2 percent, helped out somewhat by rising steel shares.
Nippon Steel, Japan’s largest steel maker, gained 1.2 percent to ¥432, while JFE ...
Metals prices were mixed during the week, with a boost to the price of platinum coming at the end of the week with news of a possible bid for Lonmin, which has a goal of producing 1 million ounces of the precious metal this year. That bid news and announced goal sent the price of platinum up $8 to ...
