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July 25, 2006
by Elaine Frei
A falling transportation sector led the New York equities markets lower by midday on Tuesday. The Dow Jones Industrial Average fell 0.3 percent to 11,018.64, while the Nasdaq Composite and the S&P 500 each had dropped by 0.2 percent, to 2,058.46 and 1,258.22 respectively.
United Parcel Service fell 14.5 percent to $68.44, its worst ever one-day performance. The decline ...
by Elaine Frei
The London equities markets were higher again on Tuesday, with the FTSE 100 gaining 0.3 percent to 5,851.2 and the FTSE 250 also up 0.3 percent to 9,248.5. Volume was up from Monday, with 2.6 billion shares changing hands during the session.
Boots Group and Alliance UniChem were each 2.1 percent higher, to 766p and £10.18 respectively. The gains came ...
by Elaine Frei
In Europe on Tuesday the FTSE Eurofirst 300 was up a slight 0.1 percent to 1,315.53 after having gone as high as 1,321.01 during the day. Even though the day’s advance was so small, Citigroup issued an over-all positive statement on European equities markets, saying that it expects a slowdown but not a recession, and that while the ...
by Elaine Frei
The prices on US Treasury bonds were lower on Tuesday on mixed data that revived speculation that the Federal Reserve will not yet be ready to hold the line on interest rates when it meets next month. Consumer confidence was up in July, with The Conference Board’s index putting optimisim at 106.5, higher than the June figure ...
by Elaine Frei
Crude oil prices were down on Tuesday as pressure grew for a ceasefire in the conflict between Lebanon and Israel. Prices went up early when the US government said that it would be impossible to enforce an immediate cease-fire, but comments from Saudi Arabia that the conflict could spread throughout the region was seen as putting pressure on the ...
July 24, 2006
by Elaine Frei
In London on Monday the FTSE 100 was 2 percent higher, to 5,833.9 as quarterly reports continued to come in. The 100 as a whole was helped by the news that US hospital chain HCA is being purchased by a consortium that includes Bain Capital and Kohlberg Kravis Roberts for $21 billion. Meanwhile, the FTSE 250 also ...
by Elaine Frei
News and rumors involving bids activity lifted the FTSE Eurofirst 300 by 1.9 percent on Monday to 1,314.30, almost 7 percent higher than its low for the year, reached in June.
The forestry and paper sector was helped by Oji Paper’s move to acquire Hokuetsu Paper Mills, as investors looked for signs of similar consolidation within the sector in Europe. UPM ...
by Elaine Frei
Equities markets in Tokyo were slightly lower on Monday on declines in the securities and steel sectors. Semiconductors were down as well, while electronics were mixed and paper and pulp saw increases during the day. The Nikkei 225 fell 0.2 percent to 14,794.5, while the Topix index was down 0.1 percent to 1,514.22.
The steel sector was especially ...
by Elaine Frei
The US dollar strengthened Monday, but analysts disagreed on exactly why the greenback notched gains after three days of declines. Some called the gains a correction, while others felt it had to do with speculators who are betting that China will use the 1-year anniversary of the revaluation of the renminbi as an excuse to revalue the Chinese currency again.
Whatever ...
by Elaine Frei
Prices for crude oil decline slightly Monday morning as more nations called for a cease-fire between the parties fighting in Israel and Lebanon and US Secretary of State Condoleezza Rice visited Beirut to try to help create what she called a “sustainable” cease-fire. In addition, the deputy prime minister of Syria said that his country is ready to negotiate with ...
July 21, 2006
by Elaine Frei
Wall Street results were mixed at midday on Friday, with the Nasdaq Composite down for the week and the day so far, while both the Dow Jones Industrial Average and the S&P 500 were down on the day but up for the week. The Dow was down 0.3 percent on the day until noon but up 1.4 percent on ...
by Elaine Frei
While both the FTSE 100 and FTSE 250 saw declines during the day on Friday, both managed to end the week slightly higher. The 100 dropped 0.9 percent to 5,719.7, while the 250 was 1 percent lower to 9,114.2 on a volume of 2.7 billion shares traded. The 100 was up by 0.2 percent on the week and the ...
by Elaine Frei
European equity markets saw ups and downs during the week, thanks to the unrest in the Middle East and the continuing string of quarterly reports being issued in various sectors. The FTSE Eurofirst ended the week 1 percent higher than it began, closing on Friday at 1,290.17.
Technology stocks were mixed during the week. Among in the semiconductors sector, ...
by Elaine Frei
Prices for agricultural futures look to be catching up with rises in other commodities prices as heat waves in the United States and Europe have investors worried that crops will be affected at a time when cereals such as wheat and corn are at low inventory levels.
US wheat futures in several markets are 22 to 30 higher than they ...
by Elaine Frei
Sterling was stronger as analysts began to be more and more convinced that UK interest rates will be higher by the end of the year as several measures of economic health seem to be showing the UK economy to be in good shape. Figures from the housing markets, retail sales, the money supply, consumer price inflation, and the growth of the ...
July 20, 2006
by Elaine Frei
The New York equities markets were virtually flat at midday on Thursday as some quarterly reports did not live up to expectations. At mid-session, the Dow Jones Industrial Average dropped just 2.64 points to 11,008.78 and the S&P 500 dropped less than a point to 1,269.66. The Nasdaq Composite saw bigger losses, dropping 0.7 percent to 2,067.87.
Not all ...
by Elaine Frei
Equities markets in London were mixed on Thursday, with the FTSE 100 dropping 0.1 percent to 5,770.9 but the FTSE 250 up by 22.8 points to 9,207.2.
The aerospace sector managed gains on the day. Ultra Electronics, which supplies targeting systems for fighter aircraft, added 15.1 percent to £11 on bids rumors. BAE Systems was up by 1.8 ...
by Elaine Frei
The FTSE Eurofirst 300 was 0.2 percent higher on Thursday, gaining only 2.3 points on the session to 1,301.6. Quarterly reports and broker recommendations were key factors in the gains and losses of individuals stocks.
Nokia added 0.4 percent to €15.62 after it released its second-quarter earnings report. Before the figures were released, shares in the Finnish mobile handset manufacturer ...
by Elaine Frei
The Tokyo equities markets saw big gains on Thursday, mostly after comments out of the United States that US inflation would likely not continue to rise. The Nikkei 225 added 3.1 percent to 14,946.84, while the Topix index was up 3.6 percent to 1,528.59. Meanwhile, the Mother’s index of small and mid-caps gained 7.1 percent to 1,225.43. Gains ...
by Elaine Frei
US crude oil prices were up early in the day but dropped later after investors seemed not to be bothered by comments from Iran’s chief negotiator which reiterated that nation’s intentions to make nuclear fuel. He said that Iran is interested in negotiations and blamed the US for trying to prevent such talks from going on.
September contracts for Brent crude ...
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A falling transportation sector led the New York equities markets lower by midday on Tuesday. The Dow Jones Industrial Average fell 0.3 percent to 11,018.64, while the Nasdaq Composite and the S&P 500 each had dropped by 0.2 percent, to 2,058.46 and 1,258.22 respectively.
United Parcel Service fell 14.5 percent to $68.44, its worst ever one-day performance. The decline ...
