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December 27, 2006
by Elaine Frei
In early after noon trade on Wednesday, the Dow Jones Industrial Average had added 0.60 percent to 12,481.57. The Nasdaq Composite and the S&P 500 were also higher, with the Nasdaq gaining 0.63 percent to 2,428.80 and the S&P advancing 0.51 percent to 1,424.19. The Russell 2000 small-caps index was up 0.87 percent to 795.03. Trade volumes ...
by Elaine Frei
In Europe on Wednesday the FTSE Eurofirst 300 came within two points of a five and a half year high as it closed up 1.1 percent to 1,487.89.
Technology sectors saw gains on the session. SAP, the software group, was 1.6 percent higher to €40.25. Meanwhile, in the semiconductors sector, ASML gained 2.7 percent to €18.66.
Lufthansa added 1 percent to €20.89 in ...
by Elaine Frei
Both the Nikkei 225 and the Topix index saw gains in Tokyo on Wednesday despite problems in communications caused by a significant earthquake off the coast of Taiwan. The Nikkei added 0.31 percent to 17,223.15, while the Topix gained 0.27 percent to 1,676.95.
Nippon Steel saw a second day of gains in a row as it added 0.16 ...
by Elaine Frei
Price for oil and natural gas fell again on Wednesday ahead of weekly US inventory figures, due on Thursday. The price declines came as forecasts continue to look for mild weather in the US which has led to lower demand for heating oil. While the stockpiles data are expected to show that crude oil inventories are ...
December 26, 2006
by Elaine Frei
The New York equities markets were up slightly at midday as investors returned from the Christmas holiday weekend, but trade was light with many expected to remain on holiday all week. The Dow Jones Industrial Average was 0.31 percent higher to 12,381.27, while the Nasdaq Composite had added 0.32 percent to 2,408.75 and the S&P 500 was up ...
by Elaine Frei
Oil prices were down during the day on Tuesday, as weather predictions continued to say that mild conditions will continue over much of the United States.
Meanwhile, investors seemed to spend little time thinking about what could happen to oil supplies next year if the tensions between Iran and the west over Iran’s nuclear program continue. Iran was expected ...
December 22, 2006
by Elaine Frei
In a short session ahead of the long Christmas weekend, the FTSE 100 added 0.1 percent to 6,190.0. The FTSE 250 was also higher, gaining 0.2 percent to 11,083.5. Volumes were extremely light, with fewer than 1 billion shares changing hands. The 250 was even on the week, while the 100 dropped 1.1 ...
by Elaine Frei
The FTSE Eurofirst 300 dropped 1.1 percent to 1,472.65 during the week as trade was light as the Christmas holiday approached.
Among the losers on the week was the Spanish construction sector. Sacyr-Vallehermoso, which dropped 7.4 percent to €46 after it said it has taken a bank loan of €5.175 billion to pay for its purchase of 20 percent of ...
by Elaine Frei
After losses early in the session, the Nikkei 225 managed to add 0.3 percent on Friday to close at 17,104.96. The Topix index was up as well, but only by 0.1 percent to 1,672.10
Miners with exposure to copper were lower on the day after copper prices fell overnight. Dowa Holdings dropped 2 percent to ¥990, while Sumitomo Metal ...
by Elaine Frei
In the base metals markets, copper prices were slightly above Thursday’s levels on Friday, but traded as low as $6,325 per tonne during the day, near an eight month low. While three-month copper prices are generally on the decline, however, an analyst pointed out that prices for December 2010 copper on the London Metal Exchange are up $35 per tonne ...
by Elaine Frei
The US dollar was even versus the euro on Friday at $1.3170, while it added 0.2 percent against the Japanese yen to ¥118.60 even though core personal consumption expenditures were even in November. The Federal Reserve’s favorite way of measuring inflation had been expected to rise 0.1 percent. Some analysts felt that the new data added to other recent ...
December 21, 2006
by Elaine Frei
Equities markets in New York were lower just past mid-session on Thursday. The Dow Jones Industrial Average had dropped 0.2 percent to 12,443.76, while the Nasdaq Composite fell 0.02 percent to 2,427.16 and the S&P 500 was 0.1 percent lower to 1,421.99.
In the airlines sector, Delta Air Lines added 5 percent to $1.28 despite only a tepid vote ...
by Elaine Frei
The London equities markets were mixed on the last full trading day before Christmas, with the FTSE 100 0.2 percent lower to 6,183.7 but the FTSE 250 adding 0.2 percent to 11,066.4. Volume was light, with around 2 billion shares trading hands.
Miners were hurt by dropping copper prices. Vedanta Resources dropped 16p to £11.77. Antofagasta fell ...
by Elaine Frei
After gains early in the session, the FTSE Eurofirst 300 ended at 1,4479, a decline of 0.2 percent. Several sectors contributed to the decline.
Still, there were gainers on the session. In the luxury goods sector, Swatch Group added 0.8 percent to SFr54.00, while Richemont, which owns the Cartier brand of watches, gained 3 percent to SFr71.35, a record high. ...
by Elaine Frei
Weakness in the yen helped the Tokyo equities markets to make gains on Thursday. However, advances were limited on the Nikkei because of a scandal in the consumer finance sector. The Nikkei 225 closed at 17,047.83, a gain of 0.2 percent, while the Topix index added 0.3 percent to 1,671.30.
Export-focused sectors were especially helped by the ...
by Elaine Frei
The Japanese yen dropped to ¥156.45 versus the euro on Thursday as traders reevaluated their expectations that the Bank of Japan will hike interest rates early in 2007. The questions about an upcoming rate hike have grown out of remarks issued with Tuesday’s decision by the Bank to hold interest rates at 0.25 percent. Some analysts are ...
December 19, 2006
by Elaine Frei
Wall Street was slightly lower at midday on Tuesday, with the Dow Jones Industrial Average dropping 0.2 percent to 12,417.80. The Nasdaq Composite had lost 0.7 percent by mid-session, to 2,418.17, while the S&P 500 was 0.2 percent lower to 1,419.03. The small-cap Russell 2000 was down 0.3 percent to 779.90.
The New York Stock Exchange dropped 0.7 percent to ...
by Elaine Frei
The FTSE Eurofirst 300 was 0.6 percent lower on Tuesday to 1,477.94 as the oil and steel sectors declined on lower prices for commodities.
In the steel sector, ThyssenKrupp dropped 1 percent to €33.27 even though UBS hiked its target share price when the broker left its recommendation at “neutral”. Salzgitter was also lower, falling 3.8 percent to €96.59 after Credit ...
by Elaine Frei
The Tokyo equities markets were lower on Tuesday as investors took the opportunity to profit from recent gains in the markets. The Nikkei 225 dropped 1.1 percent to 16,776,88, while the Topix index was 1.2 percent lower to 1,645.40. The Mothers index of small caps was also lower, dropping 1.9 percent to 1,127.74.
The real estate sector suffered ...
by Elaine Frei
Crude oil prices were up slightly on Tuesday after declines earlier in the session as the US National Weather Service said that heating oil demand would likely be 25 percent below average this week as mild weather persisted in the Northeast and Midwest regions of the nation. Brent crude February contracts were up 3 cents to $62.16 per barrel ...
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In early after noon trade on Wednesday, the Dow Jones Industrial Average had added 0.60 percent to 12,481.57. The Nasdaq Composite and the S&P 500 were also higher, with the Nasdaq gaining 0.63 percent to 2,428.80 and the S&P advancing 0.51 percent to 1,424.19. The Russell 2000 small-caps index was up 0.87 percent to 795.03. Trade volumes ...
In a short session ahead of the long Christmas weekend, the FTSE 100 added 0.1 percent to 6,190.0. The FTSE 250 was also higher, gaining 0.2 percent to 11,083.5. Volumes were extremely light, with fewer than 1 billion shares changing hands. The 250 was even on the week, while the 100 dropped 1.1 ...
