August 5, 2005
In London equities markets on Friday early gains were replaced by losses on concerns of another interest rate hike in the United States when the Federal Reserve meets next week. The specter of new rate hikes came with news that more jobs than expected had been created in the US in July. The FTSE 100 dropped 0.8 points to 5314.7, even though it had been up by 26 ...
London sees early gains replaced by losses on US interest rate fears
by Brian TurnerIn London equities markets on Friday early gains were replaced by losses on concerns of another interest rate hike in the United States when the Federal Reserve meets next week. The specter of new rate hikes came with news that more jobs than expected had been created in the US in July. The FTSE 100 dropped 0.8 points to 5314.7, even though it had been up by 26 ...
US Treasury bond prices down on strong jobs data
by Brian TurnerUS treasury bonds were down in price and yields were up on Friday on a sell-off that was based on much stronger jobs data than expected. Figures were released showing that 207,000 non-farm jobs were created in the US in July, well above the 180,000 that had been predicted. The strong figures make a new interest rate hike more likely when the Federal Reserve meets next week. ...
Canadian equities see fall on interest rate concerns
by Brian TurnerStocks in Canada had fallen by midday on Friday on the concern that interest rates might be on the way up as well as on worries about how climbing oil prices could affect the economy. Another concern is unemployment. 5,900 jobs were created in Canada in July, down from over 14,000 new jobs in June. Unemployment in Canada rose 0.1 percent to 6.8 percent. It had ...
August 4, 2005
At the end of morning trade in Tokyo on Thursday, trade volume had reached almost 1.1 billion shares, recently the average for a full day’s trade, and 32 of 33 sectors on the Tokyo Stock Exchange were lower. The Nikkei 225 had lost 1.03 percent to 11,858.85, and the Topix index was down 0.87 percent to 1,201.49. The losses were due to profit-taking as well as to worries ...
Tokyo trading down on political fears
by Brian TurnerAt the end of morning trade in Tokyo on Thursday, trade volume had reached almost 1.1 billion shares, recently the average for a full day’s trade, and 32 of 33 sectors on the Tokyo Stock Exchange were lower. The Nikkei 225 had lost 1.03 percent to 11,858.85, and the Topix index was down 0.87 percent to 1,201.49. The losses were due to profit-taking as well as to worries ...
FTSE 100 falls slightly from oil and banking sectors
by Brian TurnerIn London on Thursday, the FTSE 100 fell to 5,315.5 and the FTSE 250 lost 10.2 points to 7,685.6 on a volume of 2.7 billion shares traded. The Bank of England’s decision to cut UK interest rates by a quarter of a percentage point had little effect on the markets, which had already compensated for the expected move. The Royal Bank of Scotland lost 4.4 percent to £16.28 ...
Chile sees peso hit 5 year high
by Brian TurnerIn Chile in Thursday, the peso hit a five-year high when it traded at 550.50/551.00 to the US dollar as higher-than-expected inflation figures that set off speculation that interest rates will rise when the central bank meets next week. However, stocks declined on profit-taking following a rally that has lasted a month. The IPSA index was down 1 percent at mid-day to 2,176.28, while the IGPA index fell ...
August 2, 2005
Mexico’s IPC index was up by 0.31 percent at mid-day on Tuesday, driven by advances in copper, cement, and retail companies as well as by Monday’s news from the finance ministry that the nation’s economy had grown by 4 percent in the second quarter compared to the same quarter last year. The economy’s growth was largely due to stronger exports as well as higher consumer spending. Shares in ...
Mexico IPC gains on exports
by Brian TurnerMexico’s IPC index was up by 0.31 percent at mid-day on Tuesday, driven by advances in copper, cement, and retail companies as well as by Monday’s news from the finance ministry that the nation’s economy had grown by 4 percent in the second quarter compared to the same quarter last year. The economy’s growth was largely due to stronger exports as well as higher consumer spending. Shares in ...
Oracle buys Indian i-flex
by Brian TurnerOracle Corp. announced on Tuesday that it will purchase Bombay-based i-flex solutions Ltd., a company that develops software supporting consumer, corporate, and investment banking. The deal is worth around $909 million dollars. Oracle will buy 41 percent of the company’s outstanding shares for $593 million from current owner Citigroup Venture Capital International. Indian law requires that Oracle bid in addition for 20 percent of the company’s outstanding ...
August 1, 2005
Yields were up Monday on US Treasury bonds, primarily on positive data on US manufacturing from the Institute for Supply Management. The ISM’s index of manufacturing activity was up more than expected, while key categories of data such as employment and new orders were also strong. The report’s conclusions led to speculation by analysts that interest rates in the US will probably go higher for longer than had ...
Yields rise on US Treaury bonds
by Brian TurnerYields were up Monday on US Treasury bonds, primarily on positive data on US manufacturing from the Institute for Supply Management. The ISM’s index of manufacturing activity was up more than expected, while key categories of data such as employment and new orders were also strong. The report’s conclusions led to speculation by analysts that interest rates in the US will probably go higher for longer than had ...