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November 22, 2006
by Elaine Frei
The London equities markets were lower on Wednesday ahead of the four-day Thanksgiving Day weekend in the United States. The FTSE 100 dropped 0.7 percent to 6,160.3, while the FTSE 250 fell 0.6 percent to 10,687.7.
Ladbrokes was 1.1 percent higher on the session to 397¼p as rumors circulated that private equity might be interested in making a bid for ...
by Elaine Frei
In Europe on Wednesday the FTSE Eurofirst 300 dropped 0.2 percent to 1,465.95.
Utilities fell to profit-taking and a court ruling that delayed the Suez/Gaz de France merger. Suez was 1.1 percent lower to €36.09, while Gaz de France dropped 2.5 percent to €32.36. Meanwhile Iberdrola, which is expected to bid for Scottish Power soon, fell 1.6 percent to €33.27.
The banking sector ...
by Elaine Frei
The Tokyo equities markets were substantially higher on Wednesday. The Nikkei 225 added 1.1 percent to 15,914.23 and the Topix index gained 1.3 percent to 1,552.87, while the Mothers index of small and mid-cap stocks was up 6 percent to 1,069.72 following multi-year lows reached earlier in the week. The gain in the Mothers index came ...
by Elaine Frei
Crude oil prices were significantly lower on Wednesday after the release of new US inventory figures by the Energy Information Administration. Crude oil stockpiles were up by 5.1 million barrels in the week ending November 17. Inventories were expected to increase, but only by around 0.6 million barrels. The large increase was due to greater imports ...
by Elaine Frei
The US dollar was weaker ahead of the Thanksgiving Day holiday amid slow trade and reports that the Council of Economic Advisors, made up of President George W. Bush’s economic advisors, have lowered their forecasts for growth of the US economy. The Council said that it made its growth revisions based on weakness in the US housing market. ...
November 21, 2006
by Elaine Frei
The New York equities markets were mixed at the mid-point in the session on Tuesday, with the Dow Jones Industrial Average and the Nasdaq Composite lower and the S&P 500 up slightly. The Dow was 0.02 percent lower to 12,314.54, while the Nasdaq had dropped 0.1 percent to 2,449.87. Meanwhile, the S&P was 0.08 percent higher to 1,401.57.
Google’s ...
by Elaine Frei
The FTSE Eurofirst 300 added 0.1 percent to 1,468.30 on Tuesday on light trade.
Among gainers on the day was Alitalia, which gained 3 percent to €0.986 on speculation that the Italian airline could hook up with international carriers.
Consumer goods company Henkel was 3.8 percent higher to €112.28 on a target share price upgrade from Merrill Lynch, which also repeated its ...
by Elaine Frei
Tokyo equities markets moved very little on Tuesday after Monday’s declines. Banks were still weak, but the consumer finance and electronics sectors saw gains. The Nikkei 225 added 0.1 percent to 15,734.14, while the Topix index dropped 0.1 percent to 1,532.95.
Bridgestone dropped 1.6 percent to ¥2,405 in reaction to Monday’s announcement by the tire maker that it is putting ...
by Elaine Frei
Platinum prices were up on Tuesday as metals prices generally rose on a day of volatility in the metals markets.
Platinum ended the session 3.1 percent higher to $1,290 per troy ounce on continuing speculation that an exchange traded fund will be introduced for the metal after similar funds for gold and silver have met with notable success. At one ...
by Elaine Frei
Yields were up on government bonds on Tuesday as trade remained light ahead of the four-day Thanksgiving Day weekend in the United States. US Treasury bonds were nearly unchanged by midday in New York, with the two-year bond adding 0.4 basis points to a yield of 4.783 percent, while ten-year issues were even, yielding 4.599 percent.
In the Eurozone, ...
November 20, 2006
by Elaine Frei
At the mid-point of the trading session on Monday, the New York equities markets were higher, with the Dow Jones Industrial Average up 0.05 percent to 12,348.83. The Nasdaq Composite was 0.3 percent higher to 2,453.64, while the S&P 500 had gained 0.2 percent to 1,403.71.
Consolidation news was in focus. In the mining sector, Freeport-McMoran said it will ...
by Elaine Frei
The London equities markets were higher on Monday, with the FTSE 100 helped out by a bid for miner Phelps Dodge by Freeport-McMoran that raised hopes of further consolidation in the mining sector. The 100 added 0.2 percent on the session to 6,204.5. Meanwhile, the FTSE 250 gained 0.1 percent to 10,725.9, aided by a bid from ...
by Elaine Frei
The FTSE Eurofirst 300 was higher on Monday, ending the session 0.3 percent higher to 1,466.91.
The car and truck making sector did not have as good a day. Porsche and Volkswagen were both lower on indications that Porsche does not intend to attempt a complete takeover of VW, as had been rumored last week. VW dropped 0.1 percent ...
by Elaine Frei
Investor worries about the US economy helped send the Tokyo equities markets significantly lower on Monday. The Nikkei 225 was 2.3 percent lower to 15,725.94, while the Topix index fell 2.5 percent to 1,533.94. The Mothers index of small and mid-cap stocks declined even further, dropping 6.2 percent to 1,022.54. Another possible reason for the declines were remarks from ...
November 17, 2006
by Elaine Frei
At mid-afternoon on Friday, the New York equities markets were higher for the week. The Dow Jones Industrial Average had added 1.7 percent to 12,314.86, while the Nasdaq Composite had gained 2.1 percent during the week to 2,440.98 and the S&P 500 was 1.3 percent higher over the week to 1,398.96.
There were several new listings during the week. ...
by Elaine Frei
With an automobile manufacturing sector that fared well early in the week but saw declines later and crude oil prices that fell dramatically at the end of the week, the FTSE Eurofirst 300 was down 0.1 percent over the week to 1,462.05.
The oil sector was down on both the day Friday and over the week as a whole. The ...
by Elaine Frei
In Tokyo on Friday both the Nikkei 225 and the Topix index fell by 0.5 percent, to 16,091.73 and 1,573.54 respectively. Some of the declines were due to declines in the oil sector as crude oil prices fell, while the banking sector was also lower.
The semiconductors sector saw gains on the session on a report from the Semiconductor Equipment ...
by Elaine Frei
Crude oil prices were lower this week after a decline of $2.50 per barrel on Thursday on rumors, which turned out to be unfounded, that crude oil storage facilities in Louisiana, where West Texas Intermediate is stored, were full. WTI December contracts were 44 cents lower to $55.82 per barrel Friday on the New York Mercantile Exchange. With ...
by Elaine Frei
The US dollar was weaker on Friday but higher over the week on rumors that a large hedge fund had to sell its dollar positions in order to pay for losses in the oil market after crude oil prices fell to their lowest levels in a year. The greenback, which was benefiting from the drop in oil prices before ...
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The London equities markets were lower on Wednesday ahead of the four-day Thanksgiving Day weekend in the United States. The FTSE 100 dropped 0.7 percent to 6,160.3, while the FTSE 250 fell 0.6 percent to 10,687.7.
Ladbrokes was 1.1 percent higher on the session to 397¼p as rumors circulated that private equity might be interested in making a bid for ...
The New York equities markets were mixed at the mid-point in the session on Tuesday, with the Dow Jones Industrial Average and the Nasdaq Composite lower and the S&P 500 up slightly. The Dow was 0.02 percent lower to 12,314.54, while the Nasdaq had dropped 0.1 percent to 2,449.87. Meanwhile, the S&P was 0.08 percent higher to 1,401.57.
Google’s ...
