August 30, 2005
Shares of foreign insurers, airlines, and automakers that trade on United States equities markets were down on Tuesday, while oil stocks were up despite damage to production facilities by Hurricane Katrina. The Bank of New York’s index of leading ADRs was down 0.5 percent on the day. Among foreign insurers trading on the New York Stock Exchange, Germany’s Allianz fell by 0.9 percent to $12.63, while French insurer ...
ADR’s continue down in New York
by Brian TurnerShares of foreign insurers, airlines, and automakers that trade on United States equities markets were down on Tuesday, while oil stocks were up despite damage to production facilities by Hurricane Katrina. The Bank of New York’s index of leading ADRs was down 0.5 percent on the day. Among foreign insurers trading on the New York Stock Exchange, Germany’s Allianz fell by 0.9 percent to $12.63, while French insurer ...
August 25, 2005
Prices were down and yields up on US Treasury bonds as some investors indulged in profit-taking, and on comments by the head of the Chicago Federal Reserve. By late morning trading in New York, the yield on the 2-year Treasury bond had gained 2.4 basis points to reach a yield of 4.012 percent, while the 10-year bond remained at a yield of 4.173 percent. Michael Moscow, who heads the ...
Prices down and yields up on US Treasury bonds for profit taking
by Brian TurnerPrices were down and yields up on US Treasury bonds as some investors indulged in profit-taking, and on comments by the head of the Chicago Federal Reserve. By late morning trading in New York, the yield on the 2-year Treasury bond had gained 2.4 basis points to reach a yield of 4.012 percent, while the 10-year bond remained at a yield of 4.173 percent. Michael Moscow, who heads the ...
Eastman Kodak to cut jobs after losses in China
by Brian TurnerEastman Kodak Co. announced on Thursday that it will close two facilities in the US and cut output at a film plant in China due to the decline in film photography in China. The closures will cost Kodak around $181 million dollars and eliminate nearly 1000 jobs. These measures are part of a previously announced and then expanded program that will eventually see around 25,000 jobs cut. The ...
August 23, 2005
Foreign companies whose shares are traded in the United States were generally down on Tuesday as the Bank of New York’s index of leading ADRs, fell 0.71 percent. Oil stocks led the decline as crude oil prices were down in late morning trading. Shares in Royal Dutch Shell Plc were down 0.5 percent to $63.14, while Total S. A. dropped 1 percent to $127.03. China Petroleum lost ...
ADR’s fall in New York
by Brian TurnerForeign companies whose shares are traded in the United States were generally down on Tuesday as the Bank of New York’s index of leading ADRs, fell 0.71 percent. Oil stocks led the decline as crude oil prices were down in late morning trading. Shares in Royal Dutch Shell Plc were down 0.5 percent to $63.14, while Total S. A. dropped 1 percent to $127.03. China Petroleum lost ...
August 19, 2005
Shares of Latin American companies trading in the United States fell on Friday due to new reports of scandalous accusations out of Brazil, but foreign shares in the US as a whole were up on the day. The Bank of New York’s index of leading ADRs gained 0.6 percent to 126.39, but the Latin American index fell 1.7 percent to 163.29 as Brazil’s Bovespa index lost 1.5 percent to ...
Latin American companies down in New York
by Brian TurnerShares of Latin American companies trading in the United States fell on Friday due to new reports of scandalous accusations out of Brazil, but foreign shares in the US as a whole were up on the day. The Bank of New York’s index of leading ADRs gained 0.6 percent to 126.39, but the Latin American index fell 1.7 percent to 163.29 as Brazil’s Bovespa index lost 1.5 percent to ...
August 18, 2005
Yields on eurozone government bonds fell to their lowest level of the month as shaky production numbers and data showing inflation rates under control had little effect on the markets. The 10-year Bund fell by 3 basis points to 3.202 percent, while the 2-year Schatz lost 2.3 basis points to a yield of 2.169 percent. In the UK, gilts saw prices rise and yields fall as well, as ...
Eurozone bonds fall to monthly low
by Brian TurnerYields on eurozone government bonds fell to their lowest level of the month as shaky production numbers and data showing inflation rates under control had little effect on the markets. The 10-year Bund fell by 3 basis points to 3.202 percent, while the 2-year Schatz lost 2.3 basis points to a yield of 2.169 percent. In the UK, gilts saw prices rise and yields fall as well, as ...
August 17, 2005
Prices fell and yields rose on US Treasury bonds on Wednesday. Driving the falling prices was the news that wholesale prices in the US were up more than had been expected in July. The reaction to the news was a sell-off even though energy prices were the main factor in the rise, and even though Tuesday’s release of the Consumer Price Index that showed retail prices remaining at ...
US treasury bonds fall on wholesale pricing report
by Brian TurnerPrices fell and yields rose on US Treasury bonds on Wednesday. Driving the falling prices was the news that wholesale prices in the US were up more than had been expected in July. The reaction to the news was a sell-off even though energy prices were the main factor in the rise, and even though Tuesday’s release of the Consumer Price Index that showed retail prices remaining at ...
Mexico IPC index holds steady despite weak ecnomy reports
by Brian TurnerEarly in the day on Wednesday, the IPC index in Mexico was holding steady at 14,552 after weak economic reports from Tuesday had stocks on an up and down path. The finance ministry had reported on Tuesday that the Mexican economy had grown by 3.1 percent in the second quarter, much less than the 4 percent growth in the same period last year. That level of growth had ...
US foriegn shares down on mining losses
by Brian TurnerShares in foreign companies traded in the United States were down on Wednesday on losses by mining companies as commodity prices declined. Overall, the Bank of New York’s index of leading American Depository Receipts (ADRs) was down 0.3 percent to 127.06. Leading European ADRs fell by 0.4 percent to 130.49, while Asian ADRs on the index gained 0.2 percent to 116.09 and Latin American ADRs were up 0.1 ...
August 16, 2005
Equity markets in Argentina lost ground on Tuesday, after a national holiday closed the markets on Monday, on negative results in Brazil and the United States. Another factor in the losses was the pending expiration of futures options. The MerVal index in Buenos Aires fell 0.56 percent to 1,470.98 at the close of trade. The nation’s currency held steady, however, at 2.875 pesos to the US dollar. ...
South American equitiy markets decline
by Brian TurnerEquity markets in Argentina lost ground on Tuesday, after a national holiday closed the markets on Monday, on negative results in Brazil and the United States. Another factor in the losses was the pending expiration of futures options. The MerVal index in Buenos Aires fell 0.56 percent to 1,470.98 at the close of trade. The nation’s currency held steady, however, at 2.875 pesos to the US dollar. ...
August 15, 2005
Both the peso and the stock market in Mexico were up on the day Monday, mainly due to expectations of good quarterly reports from blue-chip companies. The peso was up 0.62 percent to 10.5890 per dollar after losses on Friday due to a sell-off as problems in Brazil put pressure on some Latin American currencies. Otherwise, the peso has been strong recently thanks to climbing oil prices and ...
Mexico sees peso and stock market up on strong blue-chip reports
by Brian TurnerBoth the peso and the stock market in Mexico were up on the day Monday, mainly due to expectations of good quarterly reports from blue-chip companies. The peso was up 0.62 percent to 10.5890 per dollar after losses on Friday due to a sell-off as problems in Brazil put pressure on some Latin American currencies. Otherwise, the peso has been strong recently thanks to climbing oil prices and ...
August 12, 2005
As the former head official of the allied Liberal Party became the first person to say that Brazilian President Luiz Inacio Lula da Silva of the ruling Workers Party knew about the payment of bribes to lawmakers in return for favorable votes and of under-the-table funding of political campaigns, the Brazilian president made a nationwide address on Friday apologizing for the scandal. In his speech Lula denied any knowledge ...
Lula speech sees real and Bovespa equities down
by Brian TurnerAs the former head official of the allied Liberal Party became the first person to say that Brazilian President Luiz Inacio Lula da Silva of the ruling Workers Party knew about the payment of bribes to lawmakers in return for favorable votes and of under-the-table funding of political campaigns, the Brazilian president made a nationwide address on Friday apologizing for the scandal. In his speech Lula denied any knowledge ...
August 11, 2005
Increases in crude oil prices sent shares in some foreign companies traded in the United States up on Thursday. The Bank of New York’s index of leading European American depository receipts (ADRs) gained 0.8 percent to 133.35, while the index of leading Asian ADRs was up by 1.5 percent to 116.93 and the index of leading Latin American ADRs remained unchanged at 171.80. Energy stocks were up as ...
ADR’s increase on high crude prices
by Brian TurnerIncreases in crude oil prices sent shares in some foreign companies traded in the United States up on Thursday. The Bank of New York’s index of leading European American depository receipts (ADRs) gained 0.8 percent to 133.35, while the index of leading Asian ADRs was up by 1.5 percent to 116.93 and the index of leading Latin American ADRs remained unchanged at 171.80. Energy stocks were up as ...
August 10, 2005
Prices were up and yields down on US Treasury bonds on Wednesday, mostly on the Federal Reserve’s newest increase in the interest rate, which was announced on Tuesday. In late morning trade, the 5-year bond was down by 1.1 basis point to a yield of 4.227 percent, while the 10-year bond had dropped 1.2 percent to yield 4.38 percent. $13 billion in 5-year bonds were up for auction ...
Prices up on US bonds as Fed increases interest rates
by Brian TurnerPrices were up and yields down on US Treasury bonds on Wednesday, mostly on the Federal Reserve’s newest increase in the interest rate, which was announced on Tuesday. In late morning trade, the 5-year bond was down by 1.1 basis point to a yield of 4.227 percent, while the 10-year bond had dropped 1.2 percent to yield 4.38 percent. $13 billion in 5-year bonds were up for auction ...
August 9, 2005
Yields fell and prices rose on US Treasury bonds on Tuesday after the Federal Reserve took interest rates up another quarter of a percentage point to 3.5 percent. The 10-year Treasury bond lost 2.4 basis points to yield 4.402 percent, while the 2-year bond fell 3.4 basis points to a yield of 4.128 percent. In the UK, gilts saw yields rise on a lower trade deficit in June ...
Interest rate rise sees US bonds down on yields
by Brian TurnerYields fell and prices rose on US Treasury bonds on Tuesday after the Federal Reserve took interest rates up another quarter of a percentage point to 3.5 percent. The 10-year Treasury bond lost 2.4 basis points to yield 4.402 percent, while the 2-year bond fell 3.4 basis points to a yield of 4.128 percent. In the UK, gilts saw yields rise on a lower trade deficit in June ...
IPC index gains as Movil advances
by Brian TurnerIn Mexico on Tuesday the IPC index gained 0.89 percent to 14,727 in morning trading as cellphone company America Movil was up 1.02 percent to 11.93 pesos. Its American Depository Receipt added 1.22 percent to $22.37. America Movil’s advance was primarily due to the move by Morgan Stanley to raise the company’s price target on US-traded shares from $22.50 to $28 per share. The rise came after American ...
Real up against USD despite political turmoul
by Brian TurnerIn Brazil on Tuesday, the real was up 0.64 percent to 2.315 to the US dollar after having gone down as much as 0.43 percent earlier in the day. The currency advanced after a Treasury official said that the government will not need to buy dollars on the spot market at the moment. It had been thought by some investors that the Treasury would begin to buy dollars ...
August 8, 2005
In Canada on Monday, the S&P/ITX composite index on the Toronto Stock Exchange had gained 1 percent by mid-day to 10,659.79 on a volume of 122 million shares. Earlier in the day, the index had gone as high as 10,682.92. Advances in energy stocks were instrumental in the gains as crude oil reached a new high price on concerns of an US gasoline shortage and fears of terrorist ...
S&P/ITX composite index gains on Toronto Stock Exchange
by Brian TurnerIn Canada on Monday, the S&P/ITX composite index on the Toronto Stock Exchange had gained 1 percent by mid-day to 10,659.79 on a volume of 122 million shares. Earlier in the day, the index had gone as high as 10,682.92. Advances in energy stocks were instrumental in the gains as crude oil reached a new high price on concerns of an US gasoline shortage and fears of terrorist ...
Foreign energy companies rise on ADR
by Brian TurnerShares in foreign energy companies traded in the United States were up on Monday on the continuing rise in crude oil prices, driving the Bank of New York’s index of leading ADRs up by 0.6 percent as a whole. The index of leading Asian ADRs gained 0.6 percent to 112.06 and the European ADR index gained 0.7 percent. The European index was aided by cellphone maker Nokia’s 1.4 ...
August 5, 2005
The New York equities markets could not hold on to gains from the beginning of the week as profit-taking took over later on. Friday’s results saw the Dow Jones Industrial Average lose 0.5 percent on the day to 10,578.03, while the Nasdaq lost 0.6 percent to 2,177.91 and the S&P 500 declined by 0.8 percent to 1,226,42. These results brought the Dow to a loss of 0.8 percent for ...
Dow Jones unable to hold onto earlier gains
by Brian TurnerThe New York equities markets could not hold on to gains from the beginning of the week as profit-taking took over later on. Friday’s results saw the Dow Jones Industrial Average lose 0.5 percent on the day to 10,578.03, while the Nasdaq lost 0.6 percent to 2,177.91 and the S&P 500 declined by 0.8 percent to 1,226,42. These results brought the Dow to a loss of 0.8 percent for ...
