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March 30, 2007
by Elaine Frei
Global equities markets were mixed on Friday, with Asia Pacific markets mostly up, but Europe well mixed and the US lower at midday and over the week.
Markets were mostly up in the Asia Pacific Region. The main exception was the Hang Seng index in Hong Kong, which dropped 0.11 percent to 19,800.93. The ...
by Elaine Frei
The price of gold rose on Friday, adding $4 by midday in New York to trade at $665.50 per troy ounce on the New York Mercantile Exchange. That put it up 1.2 percent over last week’s close, but it was still 1 percent lower from its trading level at the end of February. Still, some analysts ...
by Elaine Frei
The US dollar weakened on Friday on the news that the US will charge duties for coated paper imports from China. The greenback dropped 0.4 percent in relation to the euro, to $1.3395, while it fell 0.5 percent to $1.9710 versus sterling and was 0.6 percent lower against the yen to ¥117.30.
The tariffs decision was a reversal of a policy ...
March 29, 2007
by Elaine Frei
The Asia and Pacific region equities markets were mostly up on the session on Thursday. In Australia, the Sydney Ordinaries added 0.51 percent to 5,943.4. The Straits Times index in Singapore gained 0.61 percent to 3,220.27, while in India the Sensex was 0.74 percent higher to 12,979.66. Meanwhile in Hong Kong, the Hang Seng index was ...
by Elaine Frei
Prices for government bonds were lower on Thursday in Europe, the UK and the US, leaving Japanese government bonds alone with prices higher and yields lower. The ten-year Japanese government bond dropped 3 basis points to yield 1.650 percent.
In the United States, Treasury bonds saw yields rise after new data showed that the economy grew faster than had been expected ...
by Elaine Frei
Precious metals prices were lower on Thursday, with June gold futures on the COMEX unit of the New York Mercantile Exchange $5.30 lower to $667.60 per troy ounce after trading in a range between $660.80 and $672.50 during the session. Spot gold was quoted at $661.20/$661.70 per troy ounce, with the London afternoon fix at $661.
COMEX May silver dropped ...
by Elaine Frei
The yen weakened on Thursday after equities markets in the Asian region returned to gains after widespread declines on Wednesday.
By mid-afternoon in New York, the yen had dropped 0.9 percent against both the US dollar and sterling, to ¥117.90 and ¥231.40 respectively, while it was 1 percent lower versus the euro, to ¥157.25. The New Zealand and Australian dollars both ...
March 28, 2007
by Elaine Frei
Global equities markets were lower on Wednesday. In Asia and the Pacific, the Sydney Ordinaries dropped 0.66 percent to 5,913.3, while the Hang Seng index in Hong Kong fell 0.78 percent to 19,553.87. Elsewhere in the region, the declines were even larger. The Straits Timex index in Singapore was 1.07 percent lower to 3,201.75 and in India the Sensex fell ...
by Elaine Frei
Crude oil prices rose by over $1.50 per barrel on Wednesday and was up by over $5 per barrel for a time shortly after the markets opened this morning after reports that an Iranian missile had hit a US naval vessel. Prices declined from that spike, though, after a US government spokesman denied that any military action had taken place. Prices ...
by Elaine Frei
The Japanese yen was significantly stronger on Wednesday on reports, later denied, that Iran had fired a missle at a US military vessel in the Persian Gulf. Nervous investors looked for safer places to put their money, leading to an abandonment of many carry trades.
The yen added 1 percent against the US dollar, to ¥116.70, while it also ...
March 27, 2007
by Elaine Frei
Equities markets in Asia and the Pacific were mostly lower on Tuesday, the main exception being the Straits Times index in Singapore, which added 1.01 percent to 3,230.61. Elsewhere, the Sydney Ordinaries and the Hang Seng Index in Hong Kong each dropped 0.3 percent, to 5,952.3 and 19,706.79 respectively. In India, the Sensex fell ...
by Elaine Frei
Crude oil prices were lower on Tuesday after a series of advances that had taken prices 25 percent higher than the year’s low in late January. Much of the recent gains have been due to political tensions between Iran and the West that have only been increased by last week’s capture of 15 British sailors by the Iranians. ...
by Elaine Frei
At mid-afternoon in New York the US dollar remained weaker in relation to the euro and the yen after new consumer confidence data was worse than had been anticipated. The US currency was 0.1 percent lower to ¥117.91 against the yen, while it dropped 0.2 percent to $1.2252 versus the euro.
The euro was helped by the Ifo survey of business ...
by Elaine Frei
With US Federal Reserve chairman Ben Bernanke scheduled to testify on Wednesday before the Joint Economic Committee of Congress, investors were tentative Tuesday as they waited to see if he might expand on the policy statement released by the Fed last week. On the other hand, lower than forecast consumer confidence data didn’t seem to make much difference on the day.
At ...
March 26, 2007
by Elaine Frei
Equities markets were mixed in the Asia Pacific region and were lower just about everywhere else on Monday as the real estate and house building sectors took hits in many places. The exception seemed to be the UK, where house builders saw gains after George Wimpy (LSE: WMPY) and Taylor Woodrow (LSE: TWOD) said they had agreed to merger terms.
In the ...
by Elaine Frei
Crude oil prices were as high Monday as they have been all year as tensions continue between Iran and the West over the capture last week of 15 British sailors. Brent crude May deliveries gained $1.15 to $64.33 per barrel in late afternoon trade on the Intercontinental Exchange in London. West Texas Intermediate crude May contracts were 65 cents ...
by Elaine Frei
Price on US Treasury bonds rose after it was reported that new home sales in February in the US were down by 3.9 percent when it had been expected that they would be up by 5.1 percent. The new figures raised worries that slow sales could cause the current troubles in the subprime mortgage sector to spread. ...
by Elaine Frei
The US dollar weakened on Monday after new figures from the Commerce Department showed that the sale of new homes dropped by 3.9 percent in February. At mid-afternoon in New York, the greenback had dropped 0.2 percent against the Japanese yen, to ¥117.85, while it fell 0.4 percent versus both the euro and the Swiss france to $1.3335 and ...
March 23, 2007
by Elaine Frei
Equities in Asia and the Pacific were mixed on Friday. The Sydney Ordinaries dropped 0.04 percent to 5,933.1, while in India the Sensex fell 0.17 percent to 13,285.93. On the other hand, in Hong Kong the Hang Seng gained 0.01 percent to 19,692.64 and the Straits Times index added 0.05 percent to 3,205.82. In Tokyo, The Nikkei 225 closed ...
by Elaine Frei
Precious metals were lower dropped on Friday as investors took profits, but political tensions heated up by Iran’s capture of 15 British Navy personnel and accompanying rises in oil prices kept the price of gold from falling too far. April gold on the COMEX dropped $6.90, to $657.30 per troy ounce. During the day it traded in the range ...
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