June 14, 2005
In Japan on Tuesday, the price of government bonds declined early in the day in consequence of the dollar’s rise in relation to the yen, but that decline influenced investors to buy, sending prices higher again later in the day. At the end of the day, 10-year government bonds remained unchanged at a yield of 1.235 percent. In the eurozone, prices fell and yields were up as figures showed ...
Bond markets midday
by Brian TurnerIn Japan on Tuesday, the price of government bonds declined early in the day in consequence of the dollar’s rise in relation to the yen, but that decline influenced investors to buy, sending prices higher again later in the day. At the end of the day, 10-year government bonds remained unchanged at a yield of 1.235 percent. In the eurozone, prices fell and yields were up as figures showed ...
June 13, 2005
Advances in the FTSE Eurofirst 300 on Monday were fueled by news of takeovers and rumors of possible takeovers in the cement and banking sectors, as well as on a strong performance on Wall Street. In the cement sector, HeidelbergCement saw the value of its shares rise by 18.91 percent to €59.75 after the announcement on Friday that Spohn Cement had offered €60 per share in a takeover bid, ...
Banking sector leads on eurofirst peak
by Brian TurnerAdvances in the FTSE Eurofirst 300 on Monday were fueled by news of takeovers and rumors of possible takeovers in the cement and banking sectors, as well as on a strong performance on Wall Street. In the cement sector, HeidelbergCement saw the value of its shares rise by 18.91 percent to €59.75 after the announcement on Friday that Spohn Cement had offered €60 per share in a takeover bid, ...
Eurozone bond investors wait on coming economic data
by Brian TurnerIn the UK, housing market data and figures on factory gate prices had little impact on bonds prices and yields as investors anticipated further economic date due later this week, including consumer price inflation figures due out later on Monday. 10-year gilts were up 5.7 basis points to a yield of 4.301 percent. Meanwhile, in the eurozone, yields were up on 10-year bonds but down on 2-year bonds. ...
June 10, 2005
The Slovakian government is planning to privatize the Bratislava Stock Exchange in 2006. The Vienna stock exchange is already holding discussions with Slovakian officials concerning the purchase of the Bratislava exchange as a step in its plan to consolidate the small stock exchanges in central Europe. In consortium with Austrian banks, the Vienna exchange already has purchased, in 2004, 68.5 percent of the Budapest stock exchange. Before the ...
Slovakian government to privatise exchange
by Brian TurnerThe Slovakian government is planning to privatize the Bratislava Stock Exchange in 2006. The Vienna stock exchange is already holding discussions with Slovakian officials concerning the purchase of the Bratislava exchange as a step in its plan to consolidate the small stock exchanges in central Europe. In consortium with Austrian banks, the Vienna exchange already has purchased, in 2004, 68.5 percent of the Budapest stock exchange. Before the ...
June 9, 2005
Yields on government-issued bonds fell in the eurozone and in Japan on Thursday, while they went up in the UK and the United States. Late in the day in the eurozone, the 10-year Bund was down 1.3 basis points and was yielding 3.115 percent. The 10-year government bond in Japan lost 1.5 basis points to yield 1.215 percent, while an auction of a 5-year bond brought Ministry of ...
Government bonds fall in eurozone and Japan
by Brian TurnerYields on government-issued bonds fell in the eurozone and in Japan on Thursday, while they went up in the UK and the United States. Late in the day in the eurozone, the 10-year Bund was down 1.3 basis points and was yielding 3.115 percent. The 10-year government bond in Japan lost 1.5 basis points to yield 1.215 percent, while an auction of a 5-year bond brought Ministry of ...
Asia equities show mixed markets Thursday
by Brian TurnerEquities markets in Shanghai and Seoul were up on Thursday, while Taipei, Manila, and Tokyo fell on the day. The composite index in Shanghai rose 1.4 percent to 1,131.052, after advance of 8.4 percent on Wednesday; that was the largest 1-day advance in Taipei in 3 years. The market in Seoul, meanwhile, was up, by 1.2 percent to 987.58 as the shipping sector advanced on lower oil prices. ...
June 8, 2005
Volume was light at 2.4 billion shares in London equities trading on Wednesday, as the FTSE 100 fell 0.4 percent to close at 5,003.7 on Wednesday, and the FTSE 250 was down 0.2 percent for a closing level of 7,227.3. Among the losers of the day were retailer Kingfisher, which fell 1.9 percent after Home Depot said they would not make a bid for the company. Wm Morrison, ...
Light volume keeps FTSE above 5000 points
by Brian TurnerVolume was light at 2.4 billion shares in London equities trading on Wednesday, as the FTSE 100 fell 0.4 percent to close at 5,003.7 on Wednesday, and the FTSE 250 was down 0.2 percent for a closing level of 7,227.3. Among the losers of the day were retailer Kingfisher, which fell 1.9 percent after Home Depot said they would not make a bid for the company. Wm Morrison, ...
Eurozone bond yields down again
by Brian TurnerIn the eurozone, yields were down yet again on Wednesday as the Dutch central bank cut its 2005 growth forecast from 1.7 percent to 0.4 percent. The change in the forecast was blamed on high oil prices and global economic slowdowns, and increased speculation that the European Central Bank could cut interest rates by the end of the year. Yields on the 10-year Bund were down to a ...
June 7, 2005
There were big losers and big gainers in the New York equities markets on Tuesday. Retailer Sears lost 8.7 percent and closed at $141.50 as it reported losses in the most recent quarter, making it one of the worst performers on the S&P 500 for the day. In the food sector, ConAgra was down 5.4 percent to $24.50 when they warned investors that earnings will be affected by ...
NYSE mixed on rates uncertainty
by Brian TurnerThere were big losers and big gainers in the New York equities markets on Tuesday. Retailer Sears lost 8.7 percent and closed at $141.50 as it reported losses in the most recent quarter, making it one of the worst performers on the S&P 500 for the day. In the food sector, ConAgra was down 5.4 percent to $24.50 when they warned investors that earnings will be affected by ...
Drought hits Australian crops
by Brian TurnerAustralia, the world’s second-largest wheat exporter, with about 15 percent of the global wheat trade, has had to cut its crop forecast for the year by 29 percent. The reduction, the result of serious drought conditions in parts of the nation, had been expected but is larger than anticipated and could have an effect on grain prices around the world. While growing conditions are good in Western Australia, ...
World bond markets down Tuesday
by Brian TurnerBond yields on government bonds were down in Japan, the UK, the US and the eurozone on Tuesday. In Japan, the 10-year government bond was down 1 basis point to a yield of 1.23 percent. In the UK, news that house prices were down for the second month in a row sent 2-year gilt yields down 3.9 basis points to 4.280 percent while 10-year yields fell 4.4 basis ...
June 6, 2005
Yields on government bonds in the eurozone and the US fell on Monday while yields in the UK and Japan were up. Speculation about whether the European Central Bank will cut interest rates in the eurozone affected bond yields there. A newspaper interview with a senior ECB official raised the possibility that rates could be lowered in the future. The official was quoted as saying that the bank’s ...
ECB rate cut rumour drops yields on eurozone bonds
by Brian TurnerYields on government bonds in the eurozone and the US fell on Monday while yields in the UK and Japan were up. Speculation about whether the European Central Bank will cut interest rates in the eurozone affected bond yields there. A newspaper interview with a senior ECB official raised the possibility that rates could be lowered in the future. The official was quoted as saying that the bank’s ...
Companies prepare to replace Citigroup
by Brian TurnerNow that the China Construction Bank seems to be ready to dismiss Citigroup as an advisor and possible underwriter of CCB’s planned initial public offering, other institutions appear to be getting ready to place themselves in position to replace Citigroup. In addition to Bank of America, which has already made an offer to purchase a share of CCB worth over $1 billion after Citigroup’s failure to do so, several ...
June 3, 2005
The FTSE Eurofirst 300 closed at 1,117.56 on Friday, a decline of 0.2 percent for the day but a 1.5 percent gain over the week. On Wednesday it had closed at a three-year high of 1,120.59. This was strong performance in a week of bad political developments, with the continuing fall of the euro helping export-oriented stocks to perform especially well. Higher crude oil prices helped the ...
Eurofirst up despite political turmoil
by Brian TurnerThe FTSE Eurofirst 300 closed at 1,117.56 on Friday, a decline of 0.2 percent for the day but a 1.5 percent gain over the week. On Wednesday it had closed at a three-year high of 1,120.59. This was strong performance in a week of bad political developments, with the continuing fall of the euro helping export-oriented stocks to perform especially well. Higher crude oil prices helped the ...
June 2, 2005
Eurozone bonds were stuck at record low yields on Thursday as investors were still dealing with the uncertainty spawned by this week’s rejection of the European Union constitution by both French and Dutch voters. The 10-year Bund yielded record low of 3.210 percent. Meanwhile in the UK, gilt yields held nearly steady ahead of upcoming US employment data. Yields on 10-year gilts fell 0.7 basis points to 4.237, near ...
Eurozone bonds at record lows
by Brian TurnerEurozone bonds were stuck at record low yields on Thursday as investors were still dealing with the uncertainty spawned by this week’s rejection of the European Union constitution by both French and Dutch voters. The 10-year Bund yielded record low of 3.210 percent. Meanwhile in the UK, gilt yields held nearly steady ahead of upcoming US employment data. Yields on 10-year gilts fell 0.7 basis points to 4.237, near ...
Asian equity markets mixed
by Brian TurnerEquities markets in Taipei, Sydney, and Singapore were up on Thursday but Hong Kong and Tokyo markets were down in a mixed day for Asian stocks. The weighted index in Taipei was up 1.1 percent to 6,039.48 on gains in shares of smaller technology companies, but larger technology firms saw losses on the day. In Sydney the advances in the energy and mining sectors helped the S&P/ASX 200 ...