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July 19, 2006
by Elaine Frei
The New York equities markets were up at midday on Wednesday after Federal Reserve Chairman Ben Bernanke made comments to a Congressional committee that led analysts to believe that the string of interest rate hikes by the Fed might soon be over. Also encouraging investors were new, positive earnings reports. They seemed not to pay much attention ...
by Elaine Frei
In Tokyo on Wednesday the Nikkei 225 added 0.4 percent to 14,500.26, while the Topix index closed flat at 1,475.42. While export-focused sectors seemed to find gains, domestic stocks were more likely to be losers for the day.
The steel sector was higher. While JFE ended the day where it started, at ¥4,480, Japan Steel Works added 1.3 percent to ...
by Elaine Frei
Advances in technology stocks and the banking sector took the FTSE Eurofirst 300 up by 2.2 percent on Wednesday to 1,299.19. It was the first day of gains after four consecutive days of losses for the 300.
In Italy, Banca Monte dei Paschi di Siena was 4.4 percent higher to €4.54 as new rumors circulated that Sanpaolo IMI might ...
by Elaine Frei
The US Energy Information Agency reported on Wednesday that crude oil and gasoline stockpiles in the United States were up in the week ending July 14 send crude oil prices lower on eased supply concerns. Crude oil inventories in the US were up by 0.2 million barrels, against an expected decline of half a million barrels during the ...
by Elaine Frei
The US dollar weakened on Wednesday after Federal Reserve Chairman Ben Bernanke told a Congressional committee that both economic growth and the growth of inflation could be slowing down soon. While far from predicting an economic crash, the comments led most analysts to cut the chance that the Fed will raise interest rates in August despite new data ...
July 18, 2006
by Elaine Frei
In Europe on Tuesday the FTSE Eurofirst 300 ws down by 0.1 percent to 1,271.62. The decline came as investors remained concerned about the situation in the Middle East.
Brewers, however, had a good day. Belgian brewer InBev was up 2.3 percent to €38.19 on an earlier upgrade from “add” to “buy” from Dresdner Kleinwort, which cited coming higher profits ...
by Elaine Frei
Both the FTSE 100 and the FTSE 250 were lower in London on Tuesday as the online gaming sector saw further losses. Also affecting investor sentiment was a report that inflation in the UK was up more than had been expected, which could in turn lead to a hike in interest rates from the Bank of England.
The 100 was 0.3 percent ...
by Elaine Frei
A combination of continuing concerns about the Middle East, lack of investor enthusiasm over quarterly earnings reports, and producer price inflation data that was above expectations to the New York equities markets lower at mid-session on Tuesday. Producer prices, which were expected to remain level in June, were 0.5 percent higher overall, with the core PPI at 0.2 percent ...
by Elaine Frei
Crude oil prices resumed their upward climb on Tuesday on concerns that the current conflict between Israel and Lebanon could widen to include other Middle Eastern nations, especially Iran.
Brent crude September contracts added 50 cents to $76.42 per barrel by late afternoon in London in trading on the International Petroleum Exchange. West Texas Intermediate crude for August ...
by Elaine Frei
The US dollar was stronger on Tuesday as several dollar-positive reports were released. Producer prices for finished products were 4.9 percent higher, indicating that consumer inflation data, due to be released on Wednesday, will also be higher. In addition, inflows into the United States were at $69.6 billion May, enough to cover that month’s trade deficit.
The dollar was ...
July 17, 2006
by Elaine Frei
The equities markets in New York were mixed without moving much of anywhere by the middle of the afternoon on Monday. The Dow Jones Industrial Average was up 0.2 percent to 10,762.97. The Nasdaq Composite was also up 0.2 percent to 2,041.49, while the S&P 500 was barely down, just 0.24 points, to 1,235.96. While investors were ...
by Elaine Frei
The London equities markets were lower on Monday, primarily due to declines in the mining sector. The losses were tempered somewhat late in the day, following a rally in the New York markets. The FTSE 100 ended up just 0.12 percent lower at 5,701, while the FTSE 250 was down 0.65 percent to 9,017.1. Volume was again low, with ...
by Elaine Frei
Crude oil prices hit new highs on Monday before seeing losses as investors engaged in profit-taking. Despite the day’s declines, most analysts believe that oil can only go up in the short term on issues as diverse as geopolitics, higher Chinese imports, and the weather.
Brent crude for September delivery was up to $78.18 per barrel, a new record, before dropping $1.33 ...
by Elaine Frei
The dollar strengthened on Monday as investors looked for safe places to put their money as conflict in the Middle East seemed to be getting worse by the day. In addition, new data showed that US industrial output was up in June, and US Federal Reserve chairman Ben Bernanke is expected to leave the door open to further interest ...
by Elaine Frei
Yields were up on US Treasury bonds on Monday as safe-haven buying as Middle East conflicts continued was offset by new data showing that industrial production in the US was up double the expected amount in June. Investors were also waiting for possible guidance from Federal Reserve chairman Ben Bernanke when he testifies before a Congressional committee on Wednesday.
At ...
July 14, 2006
by Elaine Frei
Rising oil prices and worries about increasing tensions in the Middle East sent the New York equities markets lower Friday. The Dow Jones Industrial Average had declined by 1 percent by midday to 10,742.96, bringing its fall for the week to 3.1 percent. The Nasdaq Composite was 0.9 percent lower at mid-session to 2,035.11, a 4.5 percent decline ...
by Elaine Frei
The London equities markets were down for the day on Friday and over the week as a whole, with the FTSE 100 dropping 1 percent during the day to 5,707.6, a decline of 3.1 percent during the week. The FTSE 250 was down even more, falling 1.1 percent to 9,076 during Friday’s session for a total loss ...
by Elaine Frei
Equities markets were down in Tokyo on Friday as investors in export-focused stocks worried that new rises in crude oil prices would dampen consumer demand in the United States. The decision by the Bank of Japan to raise interest rates for the first time in six years seemed not to have much of an effect on the markets at ...
by Elaine Frei
The Bank of Japan met the expectations of most analysts, voting unanimously to raise interest rates above zero for the first time in six years. The unsecured overnight call rate went from zero to 0.25 percent, while the official discount rate rose from 0.10 percent to 0.40 percent.
Along with the rate hikes, the Bank issued its monthly ...
by Elaine Frei
Crude oil prices are being driven higher as Israel continued its attack on Lebanon amid concerns that other nations in the region could be pulled into the conflict. The new worries come on top of concerns about Iran’s nuclear program, the war in Iraq, continuing conflicts in Nigeria, and the effect the Atlantic hurricane season might have on production ...
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The New York equities markets were up at midday on Wednesday after Federal Reserve Chairman Ben Bernanke made comments to a Congressional committee that led analysts to believe that the string of interest rate hikes by the Fed might soon be over. Also encouraging investors were new, positive earnings reports. They seemed not to pay much attention ...
In Europe on Tuesday the FTSE Eurofirst 300 ws down by 0.1 percent to 1,271.62. The decline came as investors remained concerned about the situation in the Middle East.
Brewers, however, had a good day. Belgian brewer InBev was up 2.3 percent to €38.19 on an earlier upgrade from “add” to “buy” from Dresdner Kleinwort, which cited coming higher profits ...
