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November 16, 2006
by Elaine Frei
The New York equities markets were higher in the afternoon on Thursday, with the Dow Jones Industrial Average up 0.4 percent to 12,299.57 after going as high as 12,325.91 earlier in the session, a new all-time high. The Nasdaq Composite had added 0.2 percent to 2,447.67, while the S&P 500 was 0.3 percent higher to 1,400.89.
Dell Computer dropped 3.5 ...
by Elaine Frei
The FTSE Eurofirst 300 ended the session Thursday 0.2 percent higher to 1,473.84, its highest close in five and a half years, buoyed by gains in the automobile manufacturing sector.
Stock exchanges were mixed on the session, with Euronext 1.1 percent higher to €85.95 on a third quarter report that was about as expected, while Deutsche Borse fell 0.7 percent to ...
by Elaine Frei
The Tokyo equities markets were lower on Thursday after the Bank of Japan chose to maintain interest rates at their current level. The Nikkei 225 dropped. 0.5 percent to 16,163.87, while the Topix index was 0.6 percent lower to 1,582.04. Declines came in both domestic and export-focused sectors.
Real estate was one exception to the declines on the ...
by Elaine Frei
Crude oil prices were lower on Thursday, with Brent crude down 77 cents to $59.84 per barrel. Meanwhile, December contracts for West Texas Intermediate crude was $1.08 lower to $57.68 per barrel. With December contracts expiring at the end of the trading session, January WTI traded in higher volumes and dropped 80 cents to ...
by Elaine Frei
Core consumer inflation was down in October, rising just 0.1 percent for a drop in the annual rate to 2.7 percent, down from 2.9 percent in September. Analysts said that while inflation is still higher than it should be, but that recent statements of concern by Federal Reserve officials seemed to be exaggerated considering ...
November 14, 2006
by Elaine Frei
In London on Tuesday, the FTSE 100 dropped 0.12 percent to 6,186.6 but the FTSE 250 added 0.05 percent to 10,718.2, a record high close.
Miners were up on the session. Anglo American added 0.6 percent to £22.40 on rumors that investment bank JP Morgan is attempting to put together a deal for the miner, including that he is talking to Brian ...
by Elaine Frei
Profit-taking sent the European equities markets lower on Tuesday. The FTSE Eurofirst 300 dropped 0.3 percent to 1,462.69 as the telecommunications sector did well but banks saw losses.
The banking sector is still in the midst of mergers and acquisitions activity. In Italy, Banche Popolari Unite fell 2.7 percent to €20.29 and Banca Lombarda dropped 5.9 percent to €16.76 ...
by Elaine Frei
French prime minister Dominique de Villepin made remarks Tuesday that sent the euro down for a time before recovering later in the session. Mr de Villepin said that he believes that the European Central Bank cannot be allowed to be the sole determiner of exchange rates for the euro. The remarks, which came during a meeting with subcontractors for ...
by Elaine Frei
Prices for government bonds were up both in the United States and in Europe and the UK on Tuesday as producer price inflation fell more than had been anticipated. Core inflation was down more than in any month since August 1993. Meanwhile, while retail sales were down a bit less than had been expected in October, ...
November 13, 2006
by Elaine Frei
London equities markets were mixed on Monday. The FTSE 100 was 0.2 percent lower to 6,194.2 as dropping metals prices sent the UK mining sector lower. Meanwhile, the FTSE 250 was 0.5 percent higher, closing at 10,712.8. It was the fifth session in a row that the 250 has done better than the 100.
Homebuilders were mixed ...
by Elaine Frei
In Europe on Monday the FTSE Eurofirst 300 closed 0.2 percent higher to 1,466.64 as the corporate earnings season continued to produce more positive surprise than negative ones.
In the construction sector, German group Bilfinger Berger added 1.7 percent to €48.40 after its first nine months were better than had been anticipated. The results earned the German builder an upgraded ...
by Elaine Frei
Tokyo equities markets saw decline on Monday as the Nikkei 225 fell 0.6 percent to 16,022.46 after going below 16,000 earlier in the day. The Topix index was 0.8 percent lower to 1,568.76.
The losses came on anticipated gross domestic product figures, due Tuesday, which many expect will say that the Japanese economy only grew at a 1 percent ...
by Elaine Frei
Crude oil prices dropped on Monday after it was reveled that Saudi Arabia has decided that it will sell more oil to some of its Asian customers in December. While it seemed that this move was in opposition to its agreement to cut oil output with other OPEC members, some analysts said it was too soon to tell whether it was ...
by Elaine Frei
The Japanese yen weakened on Monday on fears that an expected interest rate hike could reverse that nation’s economic recovery. Analysts expect the rate to go up before the new fiscal year begins in April 2007, but both the policy chief of the ruling Liberal Democratic party and a former financial services minister have said that raising rates too ...
November 10, 2006
by Elaine Frei
The New York equities markets were higher at noon on Friday, with the Dow Jones Industrial Average 0.9 percent higher to 12,176.54, while the Nasdaq Composite was up 2.3 percent to 2,384.64 and the S&P 500 had added 1.1 percent to 1,378.94.
Defense companies that saw losses right after Tuesday’s elections regained some of those declines later in the week but ...
by Elaine Frei
The FTSE 100 dropped 0.37 percent on Friday to end the week at 6,208.4 in a week where at least some stocks in the UK were affected by the elections in the United States on Tuesday.
The pharmaceuticals sector declined in the wake of the Democratic takeover of both houses of Congress on the concern that drug prices could be ...
by Elaine Frei
European equities markets were higher this week as earnings reports continued to be largely positive and mergers and acquisitions activities continue. The FTSE Eurofirst 300 was up a bit more than 1 percent during the week to 1,464.19. In France, the CAC-40 added 1.4 percent to 5,447.5, while in Germany the Xetra Dax gained 1.9 percent ...
by Elaine Frei
The price of crude oil was lower on Friday even though the International Energy Agency said that demand for oil around the world will be “exceptionally strong” in the fourth quarter of the year, with tighter markets due to winter consumption and OPEC production cuts. The IEA said that demand will be up by 2.4 ...
by Elaine Frei
The US dollar lost value over the week as the governor of the People’s Bank of China said that his nation is looking to diversify its foreign exchange reserves. This, coupled with an announcement on state television in China that forex reserves there were above $1,000 billion for the first time in history and comments from the director of China’s National ...
November 9, 2006
by Elaine Frei
Technology-related sectors were up in New York on Thursday but health care and pharmaceuticals companies were lower, resulting in mixed results on Wall Street at midday. The Dow Jones Industrial Average was 0.3 percent lower to 12,142.37, while the Nasdaq Composite added 0.42 percent to 2,395.03 and the S&P 500 dropped 0.04 percent to 1,385.12.
In health sectors, ...
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The New York equities markets were higher in the afternoon on Thursday, with the Dow Jones Industrial Average up 0.4 percent to 12,299.57 after going as high as 12,325.91 earlier in the session, a new all-time high. The Nasdaq Composite had added 0.2 percent to 2,447.67, while the S&P 500 was 0.3 percent higher to 1,400.89.
Dell Computer dropped 3.5 ...
In London on Tuesday, the FTSE 100 dropped 0.12 percent to 6,186.6 but the FTSE 250 added 0.05 percent to 10,718.2, a record high close.
Miners were up on the session. Anglo American added 0.6 percent to £22.40 on rumors that investment bank JP Morgan is attempting to put together a deal for the miner, including that he is talking to Brian ...
