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June 30, 2006
by Elaine Frei
The Tokyo equities markets were up strongly on Friday after Thursday’s gains on Wall Street in the wake of another hike in US interest rates by the Federal Reserve. The Nikkei 225 and the Topix index each added 2.5 percent on the day to 15,505.18 and 1,586.96 respectively. Export-focused stocks were helped by expectations of higher demand in ...
by Elaine Frei
The FTSE Eurofirst 300 was up 2.4 percent this week to 1,313.62, for its best week since January, but it was down by 4.1 percent in the second quarter of 2006. The 300 has added 3 percent since the beginning of the year, but it will need to make up a lot of ground if it is to match ...
by Elaine Frei
The FTSE 100 and FTSE 250 both saw gains on Friday and for the entire week, but both were lower for the second quarter of the year. The 100 ended the day 0.7 percent higher to 5,833.4. This meant a gain of 2.5 percent this week, but still left it 2.2 percent lower in the second quarter of 2006. ...
by Elaine Frei
The New York equities markets were down slightly at mid-session on Friday after gains on Thursday as the Federal Reserve announced yet another interest rate hike. But, while the markets slumped after starting strongly again Friday morning, they still looked to end the week with gains overall.
The Dow Jones Industrial Average was 9.44 points lower at mid-session, to 11.181.36, ...
by Elaine Frei
Metals prices were up on Friday as the US dollar weakened in the face of more possible interest rate hikes to come.
Gold added 3.6 percent on the day to $613.50 per troy ounce. It was up over 5 percent this week and is up 19 percent since the beginning of the year, even after dropping $100 dollars from its peak on May ...
June 29, 2006
by Elaine Frei
Wall Street saw gains by midday on Thursday as the Dow Jones Industrial Average, the Nasdaq composite, and the S&P 500 were all up by 0.8 percent. The Dow stood at 11,056.97, while the Nasdaq was at 2,129.55 and the S&P had reached 1,255.34. The gains came ahead of any announcement concerning interest rates from the US Federal ...
by Elaine Frei
The London equities markets were higher on Thursday, helped out by better performance yesterday and today in the New York markets. The FTSE 100 added 1.99 percent to 5,791.5, while the FTSE 250 gained 1.1 percent to 9,303.5. There was a bit more activity, with 2.8 billion shares trading hands during the session.
In the banking sector, Lloyds TSB was ...
by Elaine Frei
The US dollar did not move much ahead of the Federal Reserve’s decision on interest rates on Thursday. Most analysts expected US interest rates to go up by 25 basis points to 5.25 percent. In addition, most expected the comments that will come along with the Fed’s announcement to imply more rate hikes while leaving room ...
by Elaine Frei
Crude oil prices were up on Thursday for the seventh straight session amid data showing that US gasoline consumption is at 9.45 million barrels per day, an indication that high pump prices are not cutting into demand. Brent crude for August delivery gained $1.50 to $72.91 per barrel on the International Petroleum Exchange in London. August contracts ...
by Elaine Frei
Yields were down on US Treasury bonds Thursday ahead of an announcement on interest rates from the US Federal Reserve. Analysts were expecting a relief rally in the event that the Fed does as expected and raises rates by 25 basis points to 5.25 percent.
At midday in New York, two year bonds had dropped 2.9 basis points ...
June 28, 2006
by Elaine Frei
The Tokyo equities markets were substantially lower on Wednesday as manufacturers felt the impact of rising prices for raw materials and as investors continued to worry about US interest rates. The Nikkei 225 was down 1.9 percent to 14,886.11, while the Topix index declined by 1.4 percent to 1,527.51.
Tiremaker Bridgestone dropped 4.3 percent to ¥2,140 after it said that rising raw ...
by Elaine Frei
European equities markets were up on Wednesday even though investors seemed determined to put off much activity until after the US Federal Reserve announces its decision on US interest rates. Its announcement will come after European markets close on Thursday.
The FTSE Eurofirst 300 added 0.2 percent to close the session at 1,272.25.
Oil stocks were up again as the price of ...
by Elaine Frei
The FTSE 100 was up by 0.5 percent to 5,678.6 in London on Wednesday as the oil sector saw gains as crude oil prices were up again. The FTSE 250, however, dropped slightly to 9,197.2. Trade volumes remained below average, with only 2.4 billion shares changing hands.
BP added 0.9 percent to 618½p, BG Group was up 1.2 percent to ...
by Elaine Frei
Some emerging currencies, which have been struggling recently, saw gains on Wednesday, while others continued to decline. Meanwhile, major currencies moved little in relation to one another as traders waited to see what the US Federal Reserve would do about interest rates later in the week.
The US dollar strengthened some as analysts expected the Fed to hike US rates by a quarter ...
by Elaine Frei
With crude oil and gasoline inventories in the United States down ahead of the July 4 holiday, crude oil prices were back above $72 per gallon on Wednesday. Crude oil stockpiles were down by 3.4 million barrels in the week ending June 23, much more of a decline than the 0.8 million barrels retreat than had been expected. ...
June 27, 2006
by Elaine Frei
Continuing worries about interest rates around the world sent European equities markets lower on Tuesday. The FTSE Eurofirst 300 dropped 0.7 percent to 1,269.90.
The oil sector saw substantial gains, however, as crude oil prices began to rise again. Eni gained 2.1 percent to €22.53, while OMV added 3.7 percent to €44.40 and Statoil was up 4.8 percent to NKr175.
Utilities were ...
by Elaine Frei
London equities markets were mixed again on Tuesday, with the FTSE 100 0.5 percent lower to 5,652.3. The FTSE 250 was just slightly higher, up 0.02 percent. Trade volumes were low once again, with 2.5 billion shares changing hands as investors delayed moves until after the US Federal Reserve meets later in the week.
SAB Miller, which has been ...
by Elaine Frei
The price of crude oil rose again on Tuesday after Iran’s Ayatollah Ali Khamenei reiterated his nation’s position that it has a right to develop and use nuclear technology and said that there was no point in negotiating with the United States concerning the issue. Also sending prices higher were continuing supply concerns after the shipping channel ...
by Elaine Frei
The Ifo institute’s newly released business climate index shows that business sentiment in Germany is higher than it has been in 15 years. The index rose to 106.8 in June, up from a reading of 105.7 in May. In addition, separate confidence surveys looking at Italian and Dutch sentiment show increases in those nations as well. ...
by Elaine Frei
Yields on US Treasury bonds were down on Tuesday as investors ignored healthy consumer sentiment and waited for the US Federal Reserve to make its decision on interest rates later this week. The gain in bond prices was strong enough to withstand dealer attempts to lower the price of two-year notes ahead of an auction of $22 billion ...
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The Tokyo equities markets were up strongly on Friday after Thursday’s gains on Wall Street in the wake of another hike in US interest rates by the Federal Reserve. The Nikkei 225 and the Topix index each added 2.5 percent on the day to 15,505.18 and 1,586.96 respectively. Export-focused stocks were helped by expectations of higher demand in ...
