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May 19, 2006
by Elaine Frei
In London on Friday the FTSE 100 was lower again, while the FTSE 250 gained on the day, but both indexes were lower on the week. The 100 lost 0.2 percent on the day, 4.3 percent on the week, and is down 4.3 percent in the past two weeks, ending the day at 5,657.4. The 250 added 0.6 percent ...
by Elaine Frei
Commodities prices were down again on Friday. Some analysts blamed the lower prices on sell-offs by investors who were worried about where prices are headed after declines during the week.
Gold dropped 4 percent on the day and nearly 10 percent on the week to trade at $658.10/$658.40 per troy ounce in the late afternoon. Last Friday, gold reached a ...
by Elaine Frei
Yields on government bonds were down during the week as their safe haven status overcame investor worries about inflation.
In the United States, two-year Treasury bonds saw yields up a slight 0.4 basis points to 4.933 percent in morning trade, but over the week yields still dropped 8 basis points. Meanwhile, yields on ten-year Treasury issues dropped 3.3 basis ...
May 18, 2006
by Elaine Frei
The London equities markets were lower on Thursday, with the FTSE 100 down 0.07 percent to 5,671.6 and the FTSE 250 dropping by a substantial 1.5 percent to 9,134.8. Trade was heavy at nearly 4 billion shares on the day. Homebuilders and the oil sector were both instrumental in the declines on both indexes.
In the oil sector, Cairn Energy dropped ...
by Elaine Frei
The New York equities markets had moved very little by midday on Thursday after sell-offs on Wednesday. The Dow Jones Industrial Average was essentially flat, losing only 5,52 points to 11,200.09. The Nasdaq Composite was up by just 3.24 points to 2,199.04, while the S&P 500 dropped 1.19 points to 1,269.13.
Gains in the retail sector helped the S&P. ...
by Elaine Frei
In Europe on Thursday, the FTSE Eurofirst 300 had an up and down day, finally ending 0.4 percent lower at 1,305.30. In Oslo, the OSE index was down 5.7 percent to 372.34.
In the Norwegian oil sector, Statoil dropped 4.7 percent to NKr171 and Norsk Hydro lost 7.5 percent to NKr160.50, both affected by dropping crude oil prices. Statoil was also hurt ...
by Elaine Frei
Crude oil prices were up slightly on Thursday as the big driving weekend of Memorial Day approaches at the end of the month. Prices at the pump are 75 cents per gallon higher than they were for last year’s holiday that marks the beginning of the summer driving season in the United States. The American Automobile Association has predicted ...
by Elaine Frei
The US dollar weakened again on Thursday after investors were disappointed by the remarks of Ben Bernanke, chairman of the Federal Reserve, in a speech at the Federal Reserve in Chicago. They had been hoping that he might give some hint about what the Fed will do about interest rates in June. One analyst said that the ...
May 17, 2006
by Elaine Frei
Equities markets in Europe and the United States were lower on Wednesday as fears of inflation and the higher interest rates it will were felt in many economies. A Merrill Lynch survey released this week, in fact, showed that two-thirds of global fund managers are convinced that core inflation will be up over the next year. A weak US ...
by Elaine Frei
In Tokyo on Wednesday the equities markets were up for the first time in over a week, with the Nikkei 225 up 0.9 percent to 16,307.67 and the Topix index gaining 0.7 percent to 1,657.07. Commodities stocks that were higher after recent declines were key to the day’s gains, even as sectors focused on domestic demand were generally down ...
by Elaine Frei
Inflation news sent yields on government bonds higher in the US and the Eurozone on Wednesday, while interest rate speculation did the same to yields in the UK.
In the US, the release of new consumer inflation data that was up more than expected both overall and in core categories made investors suspect that the Federal Reserve will be more likely ...
by Elaine Frei
New data released on Wednesday showed that consumer inflation in the United States rose more than expected in April. The consumer price index rose 0.6 percent in April, when it was expected to only go up by 0.5 percent. The core index, which takes costs for food and energy out of the equation, was up by 0.3 percent ...
by Elaine Frei
The US dollar was a bit stronger on Wednesday after France’s Finance Minister made comments indicating that he did not think it wise for the euro to strengthen any further than it already has. Analysts were of the opinion that the remarks might be the opening salvo in an attempt to reduce the strength of the single currency, especially in ...
May 16, 2006
by Elaine Frei
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by Elaine Frei
In Europe on Tuesday the FTSE Eurofirst 300 gained 0.2 percent to 1,347.58, with the telecommunications and pharmaceuticals sectors helping out substantially. Utilities were also up.
Spanish utility Endsea released its first-quarter report, showing core profits that were up 31 percent. Growth in Europe and Latin America was credited with the improvement, sending shares in Endsea up 1 percent on ...
by Elaine Frei
In the New York equities markets on Tuesday, investors were disappointed with newly reported profits in the retail sector, despite the fact that in some cases profits had gone up more than had been expected. This disappointment, coupled with a decline in housing starts, sent the New York markets lower at mid-day. The Dow Jones Industrial Average was down ...
by Elaine Frei
Crude oil prices were up on Tuesday after substantial declines on Monday. Brent crude June contracts dropped $2.65 on Monday but were back up 56 cents from Monday’s close in late trade on the International Petroleum Exchange to $70.23 per barrel. June contracts expire at the end of the trading day on Tuesday, so more attention became focused on July Brent ...
May 15, 2006
by Elaine Frei
London equities markets were down substantially again on Monday, with the FTSE 100 losing 1.2 percent to 5,841.3 and the FTSE 250 falling 2.6 percent to 9,557.3. It was the fifth session of losses in a row for the 100.
The mining sector accounted for a substantial amount of the declines. Xstrata and Kazakhmys each lost 8.4 percent, to £22.08 and ...
by Elaine Frei
Afternoon trade on Monday saw the New York equities markets mixed as crude oil and commodities prices dropped and investors were still worried about inflation. The Dow Jones Industrial Average was up 0.3 percent to 11,342.25, but the Nasdaq Composite had declined 0.9 percent to 2,223.57 and the S&P 500 was 0.5 percent lower to 1,285.29.
With copper ...
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In London on Friday the FTSE 100 was lower again, while the FTSE 250 gained on the day, but both indexes were lower on the week. The 100 lost 0.2 percent on the day, 4.3 percent on the week, and is down 4.3 percent in the past two weeks, ending the day at 5,657.4. The 250 added 0.6 percent ...
