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June 20, 2006
by Elaine Frei
The New York equities markets were mixed at midday on Tuesday after having suffered losses in the past two sessions. The Dow Jones Industrial Average was 0.7 percent higher at 11,022.31 and the S&P 500 had gained 0.6 percent to 1,247.22. The Nasdaq Composite, however, was 0.5 percent lower at 2,121.01.
Retailers were up on the day. Supermarket chain ...
by Elaine Frei
Declines in stocks related to commodities sent the Tokyo equities markets lower on Tuesday. The Nikkei 225 dropped 1.4 percent to 14,648.41, while the Topix index declined by 1.1 percent to 1,510.32. The Mother’s index of small and mid-cap stocks was also down, by 2.1 percent.
Transport-related stocks were down on the day. Japan’s largest airline, JAL, lost ...
by Elaine Frei
Housing starts in the United States were up more than had been expected in May. Overall, new starts were up 5 percent to an annual figure of 1.96 million starts. Analysts had expected that the annualized rate would be 1.85 million. The May figure also was above a revised annualized rate in April of 1.86 million ...
by Elaine Frei
The Swedish central bank has predicted that that the economy in Sweden will grow by 3.7 percent in 2006 and that consumer price inflation would reach 1.5 percent. The Swedish economy has been experiencing strong growth in both domestic and exports sectors. In consequence of these forecasts, the Riksbank raised interest rates by 25 basis points on Tuesday to ...
by Elaine Frei
Metals prices were up a bit on Tuesday. Gold added $1 from yesterday’s late quote in New York to trade at $569.70/$570.70 per troy ounce at the end of the session in London after having gone as low as $560 per troy ounce earlier in the session. Silver, meanwhile, added 20 cents to close the day in London at $10.09 per ...
June 19, 2006
by Elaine Frei
The FTSE Eurofirst 300 gained 0.7 percent on Monday to close at 1,269.21, helped by an announced merger in the telecommunications sector.
Nokia of Finland said it would merge its network equipment unit with that of Siemens. The announcement sent shares in Nokia up by 3.2 percent to €16.15, while Siemens added 7.2 percent to €67.36. The merger was expected ...
by Elaine Frei
In London on Monday, the FTSE 100 added 0.5 percent to 5,626.1, while the FTSE 250 was up 0.2 percent to 9,114.1. Trade was light, with just barely over 2 billion shares changing hands during the day. Light trade is expected to last throughout the week as investors are distracted by the World Cup.
Among media companies, ITV - down 17 ...
by Elaine Frei
The Tokyo equities markets were lower on Monday as export-reliant sectors saw declines on the news that China’s central bank is cutting back on lending. The announcement spurred worries that China’s economy is slowing down. The Topix index was also hurt by declines in the banking sector.
The Nikkei 225 was 0.1 percent lower to 14,860.35, while the Topix ...
by Elaine Frei
Yields on government bonds were up in global economies on Monday as a lack of substantive economic news caused investors to be cautious about their activities in the current climate of higher interest rates.
With August Fed futures indicating a 75 percent probability that the US Federal Reserve will raise interest rates again on August 8 and a near-certainty that rates ...
by Elaine Frei
Crude oil prices dropped on Monday as Iran continued to take a conciliatory path over negotiations dealing with its nuclear ambitions. While tensions remain, several Iranian officials have called a western incentive package a “step forward” in the ongoing dispute.
Meanwhile, the Organization of Petroleum Exporting Countries said that it expects oil demand to rise in the second half of 2006 ...
June 16, 2006
by Elaine Frei
London equities markets were lower again on Friday. After gains early in the day, the FTSE 100 ended up 21.9 points lower at 5,597.4 as miners lost value on China’s steps to slow down economic growth. Meanwhile, the FTSE 250 dropped 8 points to end the day at 9,093.8. Over the week, the 100 lost 1 percent, while ...
by Elaine Frei
The FTSE Eurofirst 300 was down for the day on Friday as well as lower for the week as a whole. The 300 lost 0.6 percent on the day to 1,260.8, a loss of 1.2 percent during the week as investors seemed to ignore positive economic data.
In the telecommunications sector, Telefonica declined by 1.6 percent to €12.79, while TeliaSonera dropped ...
by Elaine Frei
Equities markets in Tokyo saw substantial gains on Friday in both domestic and export-focused sectors. The Nikkei 225 ended the day 2.8 percent higher at 14,879.34, while the Topix index added 3.3 percent to 1,534.71.
The steel sector added 4.7 percent as a whole on increased demand around the world. Nippon Steel was up 3.9 percent to ¥405, while ...
by Elaine Frei
The New York equities markets were lower at mid-session on Friday, reflecting what looked to end up a losing week for everyone but the Dow Jones Industrial Average. The Dow was lower by 0.1 percent at the mid-point in the day, to 11,009.19, but was on course to finish 1.1 percent higher on the week. Meanwhile, ...
by Elaine Frei
Despite gains later in the week, commodities markets were not able to recover from sell-offs early in the week as investors worried about inflation and interest rates.
The price of gold gained $7 on Friday to trade at $573.50/$574.20 per troy ounce. Even though it managed to gain 5 percent from early-week lows, it was still 5 percent lower over the ...
June 15, 2006
by Elaine Frei
After three consecutive days of losses, the London equities markets were higher on Thursday. The FTSE 100 gained 2 percent to 5,619.3 on gains in the mining sector. Meanwhile, the FTSE 250 added 3.6 percent to 9,101.8 for its second-largest daily percentage gain so far this year.
The pharmaceuticals sector was mixed based on sales data. Shire Pharmaceuticals added ...
by Elaine Frei
Investors seemed to ignore data on inflation to send New York equities markets higher at the mid-point of the day on Thursday. The Dow Jones Industrial Average had added 0.8 percent to 10,905.22, while the Nasdaq Composite was up 1.7 percent to 2,120.64 and the S&P 500 gained 1 percent to 1,242.29.
Banks saw gains. Goldman Sachs was up ...
by Elaine Frei
Yields on government bonds were up in most major markets on Thursday as the likelihood increased that the US Federal Reserve would raise interest rates later in the month. In addition to a hike this month, analysts are increasingly convinced that there will also be a rate hike at the Fed’s August meeting.
At mid-day in New York, two-year ...
by Elaine Frei
European equities markets saw gains on Thursday as many of the stocks that have seen the biggest losses have turned around to see substantial gains. The FTSE Eurofirst 300 added 2.3 percent on the day to 1,268.44.
Automobile manufacturers were up on the day after new data on car registrations in Europe was released. BMW added 3.3 percent to €37.75, while ...
by Elaine Frei
The US dollar weakened for the second day in a row on Thursday as the US Treasury said that net inflows in April were a mere $46.7 billion in April, well below March inflows of $70.4 billion and the April forecast of $60 billion and not nearly enough to cover the $63.4 billion April trade deficit. At least some of the decline ...
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The New York equities markets were mixed at midday on Tuesday after having suffered losses in the past two sessions. The Dow Jones Industrial Average was 0.7 percent higher at 11,022.31 and the S&P 500 had gained 0.6 percent to 1,247.22. The Nasdaq Composite, however, was 0.5 percent lower at 2,121.01.
Retailers were up on the day. Supermarket chain ...
