News Tag: stock markets
February 5, 2010
Debt concerns in Europe have resulted in heavy falls across Asian stock markets today with Japan's Nikkei index fell nearly 3% and stock markets in Hong Kong, Korea and China experiencing heavy declines.
The Nikkei fell almost 300 points to 10,057.1 - its lowest level in two months. Hong Kong‘s Hang Seng Index lost 592.31 points to 19,749.33 in morning ...
European debt fears send Asian stocks down
by Kay Murchie
January 22, 2010
US President Barack Obama is proposing a severe crackdown on financial institutions in the US which has sent stock markets around the globe into decline.
Yesterday, the Dow Jones closed down 2% - its worst decline since October, while Japan's Nikkei lost 3.6% - the biggest weekly loss in three months and closing a three-week low.
Hong Kong’s Hang Seng ...
Global markets in decline after Obama proposals
by Kay Murchie
November 30, 2009
Global markets rallied this morning as fears over the Dubai debt crisis started to ease.
As the facts of Dubai’s debt crisis unravelled at the end of last week, shares across the world plunged but have today recovered as confidence returns.
It emerged last week that state-owned company Dubai World wanted a six-month holiday from its debt repayments. The state-owned conglomerate ...
Stock markets recover after Dubai debt fears ease
by Kay Murchie
October 15, 2009
There has been mixed news today across the Atlantic after banking giant Goldman Sachs exceeded analysts expectations while Citigroup posted a quarterly loss.
Goldman Sachs said net earnings for the third quarter were $3.19 billion (£1.96 billion), compared with $845 million in the same period a year ago (prior to the collapse of Lehman Brothers).
However, while the figure was up on ...
Goldman Sachs and Citigroup announce results
by Kay Murchie
Increased optimism pushes Dow Jones through 10,000 barrier
by Kay Murchie
August 24, 2009
Positive economic news and hopes of a global recovery boosted the FTSE 100 again today after the index soared to a ten-month high and smashed through the 4,900 mark.
The gains followed those seen in Asia earlier today, which were spurred on by Federal Reserve chairman Ben Bernanke’s comments last Friday.
Mr Bernanke’s comments came at a speech in the annual central bankers’ ...
FTSE 100 soars to 10-month high
by Kay Murchie
August 21, 2009
Federal Reserve chairman Ben Bernanke said today the prospects for economic recovery “appear good” and sent global stock markets higher.
The Dow Jones index gained 1%, London’s FTSE 100 index climbed 2% to close at 4,850.89. Germany's Dax index rose 2.8%, while France's Cac 40 added 3.1%.
Mr Bernanke’s comments came at a speech in the annual central bankers’ retreat in Jackson Hole, ...
Fed statement boosts stock markets
by Kay Murchie
June 30, 2009
After a recent run of good news in the US, the Conference Board has today revealed a dip in consumer confidence this month.
The news came as a bit of a shock since the latest University of Michigan’s index of consumer sentiment rose from 68.7 in May to 70.8 in June - the highest level since February 2008 and is ...
Conference Board reveals fall in US consumer confidence
by Kay Murchie
June 23, 2009
Stock markets in Asia have experienced a fall in today’s trading after yesterday’s World Bank report provided a gloomy assessment.
Both the US and Europe experienced declines yesterday following the report which predicted that the global economy would contract by almost 3% this year - revised from an earlier forecast of 1.7%.
London’s FTSE 100 lost over 100 points to close ...
Fears over global economy sends stock markets down
by Kay Murchie
May 19, 2009
Hopes of a recovery in the US resulted in a rise in shares yesterday with the Dow Jones industrial average closing up 235 points at 8,504.08.
The rise came after a better-than-expected profit report from home improvement company, Lowe's Cos., leading analysts to believe recovery may be closer than previously thought.
Shares plummeted last week on concerns that a ...
Positive housing and banking news boosts US shares
by Kay Murchie
May 6, 2009
Figures released by ADP Employer Services have revealed that fewer jobs were lost in the private sector in April in the US.
The news was welcomed on the stock markets with the Dow Jones industrial average up by 76.14 points to 8,486.79 in early trading.
Furthermore, the euro rose against the dollar to $1.3355, while the US currency ...
US shares rise as fewer jobs axed in private sector
by Kay Murchie
January 1, 2009
With the global financial crisis and countries entering recession, it’s no wonder world stock markets have suffered their worst year on record.
In London, the FTSE closed yesterday at 4,434 points, at the same point in 2007, it closed at 6,457. The annual decline was the worst since the FTSE was established in 1984.
In particular, banks have suffered badly with HBOS ...
World stock markets suffer worst ever year
by Kay Murchie
October 30, 2008
Taro Aso, Japan’s Prime Minister, has revealed a second stimulus package for the country.
The 5 trillion yen (£31 billion, $51 billion) package is an attempt to stimulate the world's second largest economy and include tax cuts, funding for care of children and the elderly and loans for small businesses.
The package is Japan’s second in as many months after the ...
Japan unveils further stimulus package to boost economy
by Kay Murchie
October 15, 2008
Many leading economies have now announced bailout packages for their banks but stock markets have lost ground as investors fears that the world is heading for a recession.
As the FTSE 100 opened in London this morning, it lost 77.8 points to 4316.5 with mining shares leading the falls. Meanwhile, the Dow Jones index closed down 0.8% at 9310 ...
As banking turmoil calms, fears grow for worldwide recession
by Kay Murchie
October 14, 2008
Shares on the FTSE 100 rose by 5.5% in morning trading today, adding to the rise yesterday following the £37 billion banking rescue plan announced by the Government.
Across the Atlantic, the Dow Jones industrial average closed yesterday up 936 points after it lost 20% of its value on Friday, suffering its largest weekly fall since the Dow Jones ...
Stock markets await details of US banking rescue plan
by Kay Murchie
October 13, 2008
Shares on the FTSE 100 index recovered this morning on the news that the UK Government is to pump £37 billion into three of the country’s largest banks.
The Government is to inject £20 billion into Royal Bank of Scotland (RBS) while a further £17 billion will be pumped into Lloyds TSB and HBOS.
However, at the end of trading today, ...
Stock markets give mixed response following bailouts
by Kay Murchie
October 9, 2008
Despite shares recovering in early trading today as investors absorbed the news of a half a point percentage cut in interest rates, stock markets this afternoon have fallen as investors fear a world recession.
On Wall Street, shares dipped despite opening 1.63% higher and this resulted in its counterparts losing ground. In London, the FTSE 100 was down 2.34%, France's Cac 40 ...
Stock markets fall, Iceland suspends trading
by Kay Murchie
