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August 31, 2006
by Elaine Frei
At midday on Thursday, Wall Street was slightly lower amid a week of numerous releases of economic data. The declines, of just 0.1 percent for the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500, were attributed to investor hesitation ahead of employment figures to be released on Friday as well as to many early departures for the ...
by Elaine Frei
The FTSE 100 closed down by 0.4 percent to 5,906.1 in London on Thursday, but the FTSE 250 added 0.2 percent to 9,601.2.
The oil sector saw gains on the day despite crude oil prices that were lower again after initial gains on the session. Premier Oil added 1.8 percent to £10.30 on talk that it could receive ...
by Elaine Frei
The FTSE Eurofirst 300 was down by 0.3 percent on the session Thursday as a mixed banking sector was in focus. Airlines were also mixed.
Alitalia was 0.1 percent lower to €0.95 on rumors that it wants to merge with Air France-KLM after it said it would announce a plan soon to return to profits. Meanwhile, Air France-KLM added 2.9 ...
by Elaine Frei
Tokyo equities markets were higher on Thursday after the yen fell to yet another record low in relation to the euro. The yen fell in reaction to weak industrial output data. Export-focused stocks did especially well as investors believed that the euro’s strength against the yen would make Japanese goods more attractive to European shoppers. The Nikkei ...
by Elaine Frei
Metals prices were higher on Thursday as a number of issues were at work.
High demand and tight supplies sent nickel prices up more than 5 percent. Three-month nickel on the London Metal Exchange was at $28,750 per tonne, close to the record high set last week. Inventories were down by 720 tonnes during the day to 5,172 ...
August 30, 2006
by Elaine Frei
London equities markets were up on Wednesday after the minutes from the latest meeting of the US Federal Reserve seemed to indicate that interest rates in the United States are likely to remain on hold for the time being. The FTSE 100 added 0.7 percent to 5,929.3, while the FTSE 250 was 0.5 percent higher to 9,581.5.
Pubs operators were up ...
by Elaine Frei
Equities markets in New York were mixed on Wednesday at midday despite some good news in the form of an upwardly revised number for the gross domestic product in the second quarter. Instead of the first estimate of GDP growth of 2.5 percent in the quarter, growth was estimated to have been at 2.9 percent, fairly close to the ...
by Elaine Frei
Crude oil prices fell again on Wednesday as weekly inventory numbers showed unexpected increases in stockpiles of both crude oil and gasoline. Crude oil inventories were up by 2.4 million barrels last week as imports reached an average of 11.2 million barrels per day. It had been expected that inventories would be down by 1.5 million barrels as refineries ...
by Elaine Frei
The euro was stronger on Wednesday as it found yet another new high versus the Japanese yen. At midday in New York, the euro had added 0.4 percent to ¥150.17. Investors were selling the yen in favor of other, more lucrative investments. Among other negative news for the yen was it first declines in wages in Japan in six ...
by Elaine Frei
Yields on US Treasury bonds were lower and prices rose on Wednesday on new data that showed the core inflation rate for the second quarter was less than originally reported, while the economy grew faster in the quarter than had been estimated earlier. The president of the Dallas Federal Reserve commented that he was still not happy with the inflation ...
August 29, 2006
by Elaine Frei
New York equities markets were lower at midday on Tuesday on declining consumer confidence and losses in the oil sector due to falling crude oil prices. Mid-session found the Dow Jones Industrial Average 0.4 percent lower to 11,312.47. The S&P 500 was also down by 0.4 percent, to 1,296.38, while the Nasdaq Composite had declined by 0.6 ...
by Elaine Frei
After Monday’s holiday, London markets resumed trade on Tuesday with slightly higher volumes of 2.2 billion shares traded and small gains in both the FTSE 100 and FTSE 250. The 100 added 0.17 percent to 5,888.3 after going as high as 5,921.3 earlier in the session, while the 250 was 0.4 percent higher to 9,531.8
Airlines and cruise ship operators ...
by Elaine Frei
Rumors of mergers in Europe’s aerospace and defense sector sent European equities higher on Tuesday even though the oil sector declined as crude oil prices continued to drop. The FTSE Eurofirst 300 ended the session at 1,367.4. 0.2 percent lower.
Defense electronics company Thales and airplane engine manufacturer Safran were both said to be interested in bidding for French aeronautical supply company ...
by Elaine Frei
Crude oil prices dropped below $70 per barrel for the first time in more than two months on Tuesday as weather concerns eased. Hurricane Ernesto was downgraded to tropical storm status and it turned away from major oil producing areas, Meanwhile, in the Pacific Ocean, Hurricane John was not expected to affect the production, refining, or shipping of oil.
Brent ...
by Elaine Frei
The euro was weaker on Tuesday, dropping against the Japanese yen despite hitting a new record high versus the Asian currency earlier in the day. The shared currency fell 0.4 percent in relation to the yen, to ¥149.15 at mid-afternoon in New York, after reaching ¥150.06 earlier. The euro was 0.1 percent lower versus the US dollar ...
August 28, 2006
by Elaine Frei
Dropping crude oil prices put investors in a better mood, sending the New York equities markets up at the mid-point of the session on Monday. The Dow Jones Industrial Average gained 0.6 percent to 11,355.13, while the Nasdaq Composite was 0.9 percent higher to 2,159.29. The S&P 500 also added 0.6 percent, to 1,302.33.
Oil prices, which ...
by Elaine Frei
Banks were mixed on Monday in Europe as mergers and acquisition talk carried over from last week. Meanwhile, gains in technology stocks helped lead the FTSE Eurofirst 300 up by 0.4 percent to 1,364.89. Oil companies were down as crude oil prices fell again.
European oil companies were lower after crude oil prices fell on a reduced chance that ...
by Elaine Frei
The Tokyo equities markets were lower on Monday, with the Nikkei 225 falling by 1.1 percent to 15,7562.59 and the Topix index dropping 1.2 percent to 1,600.25.
There were gainers on the day, however. Nippon Steel added 1.2 percent to ¥495 on a report that it will pay shareholders a dividend for the first time in 14 years. The divided ...
by Elaine Frei
Crude oil prices were down by a significant amount of Monday after tropical storm Ernesto was downgraded from hurricane status and its projected path took it away from major oil producing regions of the Gulf of Mexico. While Shell, BP, and ConocoPhillips all said that they were in process of evacuating non-essential workers from oil drilling platforms, none ...
by Elaine Frei
Yields rose on US Treasury bonds on Monday ahead of new releases of economic data and the minutes of the most recent meeting of the Federal Reserve. The Fed minutes, due out Tuesday, could give some hints as to why it held interest rates steady in August and where they might be going in the future. ...
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At midday on Thursday, Wall Street was slightly lower amid a week of numerous releases of economic data. The declines, of just 0.1 percent for the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500, were attributed to investor hesitation ahead of employment figures to be released on Friday as well as to many early departures for the ...
