August 30, 2005
ADR’s continue down in New York
Permalink: ADR’s continue down in New York by Brian Turner 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 ...
August 25, 2005
Prices down and yields up on US Treasury bonds for profit taking
Permalink: Prices down and yields up on US Treasury bonds for profit taking by Brian Turner 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 ...Eastman Kodak to cut jobs after losses in China
Permalink: Eastman Kodak to cut jobs after losses in China by Brian Turner Eastman 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 ...
August 23, 2005
ADR’s fall in New York
Permalink: ADR’s fall in New York by Brian Turner 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. ...
August 19, 2005
Latin American companies down in New York
Permalink: Latin American companies down in New York by Brian Turner 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 ...
August 18, 2005
Eurozone bonds fall to monthly low
Permalink: Eurozone bonds fall to monthly low by Brian Turner 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, ...
August 17, 2005
US treasury bonds fall on wholesale pricing report
Permalink: US treasury bonds fall on wholesale pricing report by Brian Turner 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 ...Mexico IPC index holds steady despite weak ecnomy reports
Permalink: Mexico IPC index holds steady despite weak ecnomy reports by Brian Turner Early 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 ...US foriegn shares down on mining losses
Permalink: US foriegn shares down on mining losses by Brian Turner Shares 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 ...
August 16, 2005
South American equitiy markets decline
Permalink: South American equitiy markets decline by Brian Turner 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 ...
August 15, 2005
Mexico sees peso and stock market up on strong blue-chip reports
Permalink: Mexico sees peso and stock market up on strong blue-chip reports by Brian Turner 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 ...
August 12, 2005
Lula speech sees real and Bovespa equities down
Permalink: Lula speech sees real and Bovespa equities down by Brian Turner 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 ...
August 11, 2005
ADR’s increase on high crude prices
Permalink: ADR’s increase on high crude prices by Brian Turner 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 ...
August 10, 2005
Prices up on US bonds as Fed increases interest rates
Permalink: Prices up on US bonds as Fed increases interest rates by Brian Turner 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. ...
August 9, 2005
Interest rate rise sees US bonds down on yields
Permalink: Interest rate rise sees US bonds down on yields by Brian Turner 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 ...IPC index gains as Movil advances
Permalink: IPC index gains as Movil advances by Brian Turner In 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 ...Real up against USD despite political turmoul
Permalink: Real up against USD despite political turmoul by Brian Turner In 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 ...
August 8, 2005
S&P/ITX composite index gains on Toronto Stock Exchange
Permalink: S&P/ITX composite index gains on Toronto Stock Exchange by Brian Turner 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 ...Foreign energy companies rise on ADR
Permalink: Foreign energy companies rise on ADR by Brian Turner Shares 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. ...
August 5, 2005