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January 26, 2007
by Elaine Frei
The yen had saw a turbulent week this week, sinking to multi-year lows against the US dollar, Australian dollar and sterling, while hitting another all-time low versus the euro before gaining against all but the US dollar by the end of the week despite declines on Friday. The Japanese currency was helped late in the week by weak ...
January 25, 2007
by Elaine Frei
Even though more corporations issued positive quarterly reports, Wall Street was lower at midday on Thursday. The Dow Jones Industrial Average was 0.4 percent lower to 12,570.66, while the Nasdaq Composite was down 0.7 percent to 2,449.10 and the S&P 500 had dropped 0.57 percent to 1,431.92. The Russell 2000 index of small-caps dropped 0.82 percent ...
by Elaine Frei
The FTSE 100 dropped 0.6 percent to 6,269.3 in London on Thursday, while the FTSE 250 was 0.2 percent lower to 11,171.1. The 100 briefly reached a six-year high, at 6,335.1, early in the session but dropped later on the slow start in the New York markets.
Real estate was higher on the session after JP Morgan ...
by Elaine Frei
The FTSE Eurofirst 300, higher early in the session, ended 0.3 percent lower to 1,522.87. The Eurofirst was hurt late by a slow start to the New York trading day.
The semiconductors sector saw gains in the day. Infineon added 2.4 percent to €11, while STMicroelectronics gained 2.5 percent to €14.38. STM was helped by positive comments from brokers that ...
by Elaine Frei
In Tokyo on Thursday, the Nikkei 225 dropped 0.3 percent to close at 17,485.30 as the yen strengthened after recent weakness. The decline came after the index achieved another six-year high early in the session. Despite this, many analysts believe that advances will be limited this year due to shares that they believe are too highly ...
by Elaine Frei
Crude oil prices were a bit lower on Thursday. Traders worried that demand could grow at the same time that the Organization of Petroleum Exporting Countries seem to be living up to promised production cuts. ConocoPhillips reported on Wednesday that it had been ordered to cut production at its operations in Libya and Venezuela, indicting that ...
January 24, 2007
by Elaine Frei
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by Elaine Frei
Both the FTSE 100 and the FTSE 250 were higher on Wednesday. The 100 added 1.4 percent to 6,314.8, its highest close since January 3, while the 250 was 0.8 percent higher to 11,192.8.
The oil sector gained on the announcement that the United States plans to double the size of its strategic oil reserves by buying an extra ...
by Elaine Frei
The European equities markets were higher on Wednesday, aided by gains in the banking and oil sectors. The FTSE Eurofirst 300 added 1 percent to 1,528, its highest closing level in six years.
In the oil sector, Statoil gained 1.6 percent to NKr163.50 on comments from UBS that outlined the upside of an announced merger with Norsk Hydro. The broker upgraded ...
by Elaine Frei
Oil prices were down on Wednesday after new inventories data showed that crude oil, gasoline, and distillates stockpiles were all higher again last week. Crude oil inventories grew by 700,000 barrels to 322.2 million barrels in the week ending January 19, while gasoline stockpiles added 4 million barrels, much more than had been anticipated, to 220.8 million barrels.
Distillate ...
by Elaine Frei
Prices and yields were mixed on US Treasury bonds on Wednesday morning ahead of a scheduled sale of two-year notes and after Tuesday’s auction of 20-year inflation protected securities that saw strong demand. Yet another auction, this time of five-year bonds, is expected on Thursday.
At late morning in New York, two-year Treasury bonds were lower by 2.6 ...
January 23, 2007
by Elaine Frei
Wall Street saw gains at midday on Tuesday, with the Dow Jones Industrial Average up 0.35 percent to 12,520.91, the Nasdaq Composite 0.41 percent higher to 2,441.12, and the S&P 500 adding 0.34 percent to 1,427.75. The Russell 2000 index of small-caps was up even more, gaining 1.01 percent to 785.82. Volume at mid-session was at 712.8 million shares.
The banking ...
by Elaine Frei
In Europe on Tuesday the FTSE Eurofirst 300 was nearly steady, losing only 0.21 points to end the session at 1,513.31 as big losses for Alcatel-Lucent balanced gains in other sectors.
Alcatel-Lucent dropped 8.5 percent to €10.02 after having lost as much as 12 percent in earlier trade. The manufacturer of telecommunications equipment issued a profits and revenues warning for the ...
by Elaine Frei
The Tokyo equities markets saw very little movement on Tuesday. The Nikkei 225 was lower, but only by 0.1 percent to 17,408.57, while the Topix index held steady at 1,730.76.
Steelmakers were higher on the session, protecting the markets from losses in other sectors. Tokyo Steel Manufacturing added 3.2 percent to ¥1,755 an the announcement that it will increase the ...
by Elaine Frei
Crude oil prices were higher on Tuesday as more cold weather is expected in parts of the US and Europe, but analysts say that any more gains could be small as they expect US inventories to be up again when new figures for last week are announced on Wednesday.
Brent crude March contracts were 93 cents higher late in the day ...
January 22, 2007
by Elaine Frei
The New York equities markets were lower on Monday on interest rate concerns, as well as on investor reaction as companies begin to release their quarterly reports. At midday, the Dow Jones Industrial Average was 0.8 percent lower to 12, 463.87, while the Nasdaq Composite dropped 1 percent to 2,427.37 and the S&P 500 fell 0.6 percent to 1,422.24.
The ...
by Elaine Frei
In Europe on Monday, the FTSE Eurofirst 300 dropped 0.4 percent on the session to close at 1,525.97 after being unable to hold on to gains earlier in the day.
In the automobile manufacturing sector, DaimlerChrysler was 0.6 percent lower to €48.51 despite an upgrade of its target share price from €50 to €55 from JP Morgan. The broker’s move was ...
by Elaine Frei
In the Tokyo equities markets on Monday, the Nikkei 225 ended the trading session at 17,424.18, a gain of 0.7 percent to its highest close in nine months. Meanwhile, the Topix index added 0.9 percent to 1,730.33.
Two corporations dropped significantly due to scandals. Construction company Obayashi dropped 5.3 percent to ¥750 after a raid by government ...
by Elaine Frei
With temperatures forecast to drop over the a large section of United States and much of Europe, crude oil prices were higher on Monday. Temperatures in the northeast US are expected to remain below normal for the next week to week and a half, while European temperatures are forecast to drop within the next few days. ...
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The yen had saw a turbulent week this week, sinking to multi-year lows against the US dollar, Australian dollar and sterling, while hitting another all-time low versus the euro before gaining against all but the US dollar by the end of the week despite declines on Friday. The Japanese currency was helped late in the week by weak ...
Even though more corporations issued positive quarterly reports, Wall Street was lower at midday on Thursday. The Dow Jones Industrial Average was 0.4 percent lower to 12,570.66, while the Nasdaq Composite was down 0.7 percent to 2,449.10 and the S&P 500 had dropped 0.57 percent to 1,431.92. The Russell 2000 index of small-caps dropped 0.82 percent ...
