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May 25, 2006
by Elaine Frei
London’s equities markets were up on the day Thursday as the FTSE 100 added 1.6 percent to 5,677.7 and the FTSE 250 gained 1.5 percent to 9,190.5.
The telecoms sector was mixed on the day. BT Group added 1.45 percent to 226¾p on rumors that Deutsche Telecom is thinking about proffering a bid. The rumor, reported by a German business ...
by Elaine Frei
With several European markets closed due to a holiday, trade was light on Thursday. However, the FTSE Eurofirst 300 managed to add 1.2 percent on the day to 1,300.26.
Among the stocks seeing gains on the day, several were helped by broker upgrades. Among those were Eiffage, the French construction group, which added 1.5 percent to €53.95 after Citigroup upgraded ...
by Elaine Frei
Commodities prices were up on Thursday ahead of long weekends in both the US and the UK.
Copper spent some time during the day back above the $8,000 level and were up $125 to $7,955 per tonne in late afternoon trade on the London Metal Exchange. Trade volumes were light. In other base metals, nickel added $100 to $22,100 per tonne, ...
May 24, 2006
by Elaine Frei
At mid-afternoon in New York, equities markets were down as new data showed durable goods orders lower than had been expected but new home sales up more than had been predicted. The Dow Jones Industrial Average was nearly flat, down by 10.08 points to 11,088.27, while the Nasdaq Composite and the S&P 500 each had dropped 0.3 percent, to 2,153.62 ...
by Elaine Frei
In London on Wednesday the equities markets took a tumble after Tuesday‘s gains, with the FTSE 100 dropping 1.6 percent to 5,587.1 and the FTSE 250 dropping 1.95 percent to 9,054. Much of the declines on the 100 were put to losses in the oil and mining sectors.
Among blue-chip miners, Kazakhmys lost 5.7 percent to £10.20 and Antofagasta ...
by Elaine Frei
US Treasury bond yields were up slightly on Wednesday, while Eurozone and British yields were down on the day.
The upcoming sale of a batch of two-year Treasury notes and new data showing that new home sales were up last month sent yields on two-year bonds up by 0.4 basis points by late morning in New York to a yield of 4.933 percent. ...
by Elaine Frei
The US dollar strengthened on Wednesday, riding a roller coaster as new data was released. There were declines on the news that US durable goods orders had grown as much as had been hoped, but higher than expected new home sales sent the dollar back up.
By mid-session in New York, the greenback had gained 0.3 percent versus the euro ...
by Elaine Frei
Prices for crude oil and metals dropped on Wednesday after having advanced substantially on Tuesday.
The US Energy Information Administration reported that crude oil inventories were down by 3 million barrels in the week ending May 19. The decline was much higher than the 800,000 barrel drop that had been expected. However, stockpiles of crude remain plentiful and inventories of gasoline ...
May 23, 2006
by Elaine Frei
Asian equities markets, especially in emerging economies, saw gains on Tuesday after Monday’s losses. Bargain-hunting and higher commodities prices helped bring about the advances.
In Mumbai, the Sensex index added 3.3 percent to 10,822.78 after a 4.2 percent decline Monday. In Jakarta, the JSX index was up 1.3 percent to 1,326.26, while in Singapore the Straits Times index ...
by Elaine Frei
After big declines on Monday, the London equities markets were significantly on Tuesday. The FTSE 100 saw its largest percentage gain since April of 2003, adding 2.6 percent on the day to 5,678.7. Meanwhile, the FTSE 250 put on the most points on one day in its history, gaining 405.7 points, 4.6 percent, to 9,234.3.
Only six companies on the ...
by Elaine Frei
The FTSE Eurofirst 300 saw gains on Tuesday after Monday’s substantial losses, with a rise of 2.4 percent to 1,302.02. The gains came as investors looked for good buys and commodity prices turned upward again.
In the oil sector, including oil companies and companies that service oilfield operations, gains were substantial. Statoil led the way among oil companies, adding 9.8 ...
by Elaine Frei
After Standard & Poor’s upgraded its outlook on Japan’s economy, citing an improved fiscal position and positive signs for private sector restructuring, the yen strengthened on Tuesday. Also helping the yen were remarks on interest rates from the governor of the Bank of Japan. It was said that these comments were likely meant to signal an end to ...
by Elaine Frei
Commodities prices were up on Tuesday, with crude oil and some metals notching substantial gains.
Copper added 12.7 percent to $8,525 per tonne. The trade in copper on the New York Mercantile Exchange was halted twice during the day when the increase in the price of copper hit its daily limit.
The price of nickel was up 6.2 percent to $22,200 per tonne, a ...
May 22, 2006
by Elaine Frei
The London equities markets suffered another day of losses on Monday, taking the FTSE 100 to its lowest point since the middle of December. The 100 dropped 2.2 percent to 5,523.7, bringing losses in four sessions to 5.4 percent. The FTSE 250 dropped 4 percent to 8,828.6, its largest daily percentage loss in six years. Mining, and steel ...
by Elaine Frei
In Europe on Monday, the FTSE Eurofirst 300 dropped 2.7 percent to 1,271.45 as investors fled emerging markets and looked for safe places to put their money.
Banks were the big losers on the day, as were stock exchanges and the steel and oil sectors.
The price of crude oil was down, taking shares in oil companies along with it. ...
by Elaine Frei
Equities markets in Asia saw substantial declines on Monday as investors interested in avoiding risks exited emerging markets. Declines were widespread throughout the region.
In Mumbai, the market fell 10 percent during the day, causing trade to be suspended for an hour. Once trade resumed, the market recovered some but still closed 4.2 percent lower at 10,481.77. In other major ...
by Elaine Frei
In currency markets on Monday, the Swiss franc once again lived up to its reputation as a safe investment in times of financial uncertainty as investors tried to lessen their exposure to risk. Meanwhile, the US dollar weakened again as analysts were divided on whether the greenback would continue to weaken or if it would rather begin to strengthen again on ...
by Elaine Frei
Metals prices were mixed on Monday with gold lower, most other precious metals essentially unchanged, and base metals somewhat higher on the day. Crude oil prices were down slightly.
Brent crude July contracts on the International Petroleum Exchange were down 37 cents to $68.31 per barrel after dropping as low as $67.63 during the day. Meanwhile, West Texas Intermediate ...
May 19, 2006
by Elaine Frei
The FTSE Eurofirst 300 saw a slight gain on Friday, adding 0.1 percent to 1,306.56. The gain did not help the week’s results however, which saw the 300 drop by 4.1 percent.
Much of the week’s losses could be blamed on the oil sector, where losses were substantial. Norwegian companies were hard hit, but other companies in the ...
by Elaine Frei
The news that the Japanese economy grew more than had been expected in the first quarter of the year sent Tokyo equities markets higher on Friday. The Nikkei 225 and the Topix index each added 0.4 percent on the day to close at 16,155.45 and 1,638.57 respectively.
The retail sector added 1.6 percent as a whole, with Seven and I ...
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London’s equities markets were up on the day Thursday as the FTSE 100 added 1.6 percent to 5,677.7 and the FTSE 250 gained 1.5 percent to 9,190.5.
The telecoms sector was mixed on the day. BT Group added 1.45 percent to 226¾p on rumors that Deutsche Telecom is thinking about proffering a bid. The rumor, reported by a German business ...
Asian equities markets, especially in emerging economies, saw gains on Tuesday after Monday’s losses. Bargain-hunting and higher commodities prices helped bring about the advances.
In Mumbai, the Sensex index added 3.3 percent to 10,822.78 after a 4.2 percent decline Monday. In Jakarta, the JSX index was up 1.3 percent to 1,326.26, while in Singapore the Straits Times index ...