Tag: stock markets

Global stocks down on euro zone and recession fears

Global stocks down on euro zone and recession fears

Global stocks have fallen to a one-week low today with banks among the worst performers. Concerns that the euro zone may not be able to contain its debt crisis, together with fears of the US slipping back into recession sent European shares falling this morning. Deutsche Bank lost 7.3% in early trading today, Societe Generale [...]

September 5, 2011 | 0 Comments More
Stocks fall as Morgan Stanley downgrades global GDP

Stocks fall as Morgan Stanley downgrades global GDP

US banking giant Morgan Stanley today downgraded its forecast for global economic growth, sending stock markets falling throughout the world. The American bank lowered its expectations for world growth for the 2011 year to 3.9% from 4.5%, while also downgrading 2012 growth to 3.8% from 4.5%. The downgrade sent shockwaves through stock markets as double-dip [...]

August 18, 2011 | 0 Comments More
Japan exports slump due to earthquake and tsunami devastation

Japan exports slump due to earthquake and tsunami devastation

The Ministry of Finance has today revealed Japan’s exports plunged by in April – hit by the 11 March earthquake and tsunami. Official figures revealed exports fell by 12.5% in April on an annual basis as the twin disasters forced some of Japan’s largest exporters to halt production. Meanwhile, imports surged by 8.9% in April [...]

May 25, 2011 | 0 Comments More
Stock markets await US GDP estimate

Stock markets await US GDP estimate

Global stock markets were lower today as investors awaited US fourth quarter economic growth figures. Analysts expect the economy expanded at an annual rate of 3.5% in the final three months of 2010, after growth of 2.6% in the third quarter. The US economic recovery appears to be gathering momentum after positive figures for the [...]

January 28, 2011 | 0 Comments More
Markets recover on Irish bailout talks

Markets recover on Irish bailout talks

Talks of an EU bailout for Ireland triggered a recovery in shares today, while yields on 10-year Irish bonds also fell back on emergency funding speculation. Earlier today, UK and Europe stock markets followed losses in Asia and the US overnight after Irish borrowing costs surged to record highs. However, claims that Ireland will have [...]

November 12, 2010 | 0 Comments More
Irish debt and Chinese inflation fears send markets down

Irish debt and Chinese inflation fears send markets down

Despite efforts to calm fears over Ireland’s debt problems, global markets have fallen today. The Shanghai Composite index closed down 5% as speculation mounted that the central bank could hike interest rates again to curb inflation. Yesterday, the National Bureau of Statistics (NBS) said Chinese inflation continued to increase in October, driven by higher food [...]

Global stock markets experience strong September

Global stock markets experience strong September

Stock markets throughout the world improved during September with Wall Street experiencing its biggest September recovery since the start of the Second World War - more than seven decades ago. The S&P 500 was up almost 9% during the month, while the Dow Jones gained 7.7%. Increases like this have not been seen since September [...]

October 3, 2010 | 0 Comments More
Stock markets recover as euro zone banks borrow less than expected

Stock markets recover as euro zone banks borrow less than expected

Global stock markets were rocked yesterday with the news that euro zone banks may face funding difficulties after it was revealed that the European Central Bank (ECB) would not be offering 12-month loans. A year ago, the ECB was forced to offer European banks 12-month loans at low interest rates to help them survive the [...]

June 30, 2010 | 0 Comments More
US consumer confidence up in May

US consumer confidence up in May

US consumer confidence rose in may, despite fears about the debt crisis in the euro zone. The closely-monitored Consumer Confidence Index from the Conference Board rose for the third consecutive month to 63.3 in May, up from 57.7 the previous month. However, despite the rise, the index still remains far away from the 90 points [...]

May 25, 2010 | 0 Comments More
Global stock markets slump on euro debt

Global stock markets slump on euro debt

Stock markets across the world fell sharply today over ongoing fears about the debt crisis in the euro zone. London’s FTSE fell below the crucial 5,000 mark today to 4,939.6 points - its lowest level for eight months. Germany’s Dax index lost 2.7%, while France’s Cac 40 index fell 3.2%. Earlier in the day, Asian [...]

Stock markets up after EU agrees rescue package

Stock markets up after EU agrees rescue package

EU finance ministers have agreed a €500 billion (£433 billion) emergency rescue package, designed prevent the Greek debt crisis from spreading to other euro zone nations. The bail-out came after 11 hours of discussions in Brussels last week as fears grew for other heavily indebted European countries such as Ireland, Spain and Portugal. The 16 [...]

May 10, 2010 | 0 Comments More
Pound gains on dollar despite hung parliament

Pound gains on dollar despite hung parliament

Despite Friday’s general election result, which failed to give any political party a clear majority, sterling has gained on the US dollar today, while London’s FTSE recovered from the sharp falls on Friday. The pound rose by nearly a cent against the dollar to $1.4865 but fell against the euro to 1.1510 euros. The pound [...]

Spain downgraded as Europe debt crisis spreads

Spain downgraded as Europe debt crisis spreads

Standard & Poor’s (S&P) have today downgraded Spain’s credit rating by one notch to AA from AA+ and comes as the head of the International Monetary Fund (IMF) warned that the crisis in Greece could spread throughout Europe. Following the news, the euro fell against the dollar to $1.3129 - a level not seen since [...]

April 28, 2010 | 0 Comments More
Asia stocks down as it digests Greek downgrade

Asia stocks down as it digests Greek downgrade

Stock markets in Asia were down today after Standard & Poor’s (S&P) cut Greece’s credit rating to BB+ from BBB- yesterday. Greece has become the first euro zone nation to have its debt downgraded to “junk” status. According to S&P, the downgrade comes amid worries that Greece is not able to take the necessary action [...]

S&P downgrade Greece to ‘junk’ status

S&P downgrade Greece to ‘junk’ status

Greece’s woes deepened today after Standard & Poor’s (S&P) cut the country’s credit rating to BB+ from BBB-. According to S&P, the downgrade comes amid worries that it is not able to take the necessary action in order to manage its economic crisis. The debt-ridden economy is asking for help from fellow euro zone nations [...]

April 27, 2010 | 0 Comments More
JP Morgan Chase profits exceeds expectations

JP Morgan Chase profits exceeds expectations

Wall Street banking giant JPMorgan has today posted better-than-expected first quarter profits of $3.3 billion (£2.1 billion), compared with $702 million a year ago - when the world was gripped in the midst of the financial crisis. The results boosted bank stocks with the FTSE gaining 42 points to 5,804 - just a few points [...]

April 14, 2010 | 0 Comments More
Bond markets hit by ongoing Greek debt fears

Bond markets hit by ongoing Greek debt fears

There are renewed fears over the Greek debt crisis after a hammering of bond prices by investors took the yield on short-term Greek debt up to 8% yesterday - almost 3% higher than in October 2009. There is now speculation that Greece will be seeking a bailout sooner rather than later with one analyst suggesting [...]

April 9, 2010 | 0 Comments More
European debt fears send Asian stocks down

European debt fears send Asian stocks down

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 [...]

February 5, 2010 | 0 Comments More
Global markets in decline after Obama proposals

Global markets in decline after Obama proposals

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 [...]

January 22, 2010 | 0 Comments More
Stock markets recover after Dubai debt fears ease

Stock markets recover after Dubai debt fears ease

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 [...]

November 30, 2009 | 0 Comments More