Daily Investment Market News from London
Sunday 27th of July 2008
March 23, 2007

Sterling strengthens on week

by Elaine Frei

Sterling strengthens on week

The Japanese yen weakened considerably this week. The yen was 1.1 percent lower in relation to the euro over the week, to ¥156.72, while it dropped 1.2 percent to ¥117.84 versus the US dollar and by 2 percent to ¥231.20 against sterling. The Japanese currency lost even more, in terms of percentages, to the Australian and New Zealand dollars, dropping 2.2 ...




March 22, 2007

Equities markets see substantial gains

by Elaine Frei

Equities markets see substantial gains

Asian and Pacific equities markets were higher on Thursday. In Australia, the Sydney Ordinaries added 1.52 percent to 5,935.4, while the SP/ASX200 was 93.8 points higher to 5955.7. In Hong Kong, the Hang Seng index gained 0.89 percent to 19,690.25. India’s Sensex was 2.8 percent higher to 13,308.03, while the Straits Times index in Singapore was up 2.9 percent ...




Bond yields up in US, UK, Eurozone

by Elaine Frei

Bond yields up in US, UK, Eurozone

Yields on government bonds were up in the United States on Thursday as investors reacted to Wednesday’s decision by the US Federal Reserve to hold interest rates at 5.25 percent for at least another month. At midday in New York, the two-year treasury had added 2.9 basis points to a yield of 4.565 percent, while ten-year paper gained 4.5 ...




US dollar, sterling stronger

by Elaine Frei

US dollar, sterling stronger

By early afternoon in New York on Thursday, the US dollar had risen slightly in relation to the yen, euro, and sterling. The greenback had weakened on Wednesday afternoon after the US Federal reserve voted to keep interest rates at 5.25 percent and omitted any language that would indicate it is ready to raise rates anytime soon. At midday in London, sterling was ...




March 21, 2007

US bond yields drop on Fed interest rate announcement

by Elaine Frei

US bond yields drop on Fed interest rate announcement

The price of two- and ten-year US Treasury bonds were up on Wednesday after the announcement that the Federal Reserve will keep interest rates at 5.25 percent for at least another month. In the comments accompanying the news, the Fed said that there still remains a risk of inflation, but did not appear to signal any likelihood ...




Wall Street up significantly on interest rate decision

by Elaine Frei

Wall Street up significantly on interest rate decision

Equities markets in Asia and the Pacific were mostly up on the session Wednesday. The major exception was in the Pacific region, in Australia, where The SP/ASX dropped 14.7 points to close at 5,861.9 and the Sydney Ordinaries fell 10.2 points to 5,846.3 on a volume of 1.74 billion shares. In Australia, miners trended upward, but the ...




Oil prices up on US inventories report

by Elaine Frei

Oil prices up on US inventories report

Base metals prices were lower on the day Wednesday. Tin dropped $150 to $14,200 per tonne for three-month contracts. The decline came after tin hit a long-term high of $14,200 per tonne on Tuesday. Copper, meanwhile, remained close to its high for the year, falling only $18 to $6,627 per tonne. Nickel was $550 lower to $44,050 late ...




Greenback lower on Fed decision

by Elaine Frei

Greenback lower on Fed decision

The US dollar was hurt by the decision of the US Federal Reserve to keep interest rates at 5.25 percent for at least another month. While the decision, which was expected, did not include any language indicating that rate declines are coming anytime soon. The US currency dropped 0.1 percent to $1.2100 versus the Swiss franc, while it fell 0.3 percent ...




March 20, 2007

Most markets in positive territory

by Elaine Frei

Most markets in positive territory

Equities markets in Asia and the Pacific were up on Tuesday. In Australia, the Sydney Ordinaries were 0.29 percent higher to 5,856.5. The Straits Times index in Singapore added 0.3 percent to 3,125.28, the Hang Seng index in Hong Kong gained 0.47 percent to 19,356.9, and in India the Sensex was up 0.48 percent to 12,705.94. In Tokyo, the ...




Base metals prices drop, oil mixed

by Elaine Frei

Base metals prices drop, oil mixed

Base metals prices were lower on Tuesday even though tin reached a long-term high and copper prices were up to their highest level since December during the session. Meanwhile, nickel was down approximately 4 percent on the session, with three-month prices falling $2,000 to $44,500 per tonne. Tin reached as high as $14,200 per tonne during the day on the London ...




Yen, sterling stronger

by Elaine Frei

Yen, sterling stronger

The Japanese yen was stronger by midafternoon in New York. The yen added 0.3 percent to ¥117.15 versus the US dollar, while it gained 0.4 percent to ¥155.70 in relation to the euro. The yen was, however, 0.5 percent weaker against sterling, to ¥229.25. Sterling’s strength came on new data showed that UK consumer price inflation was up by 0.4 percent in February, ...




March 19, 2007

UK gilt yields higher on house price growth

by Elaine Frei

UK gilt yields higher on house price growth

Yields were mixed on government bonds in the US, the Eurozone, and in the UK on Monday, while Japanese government bonds were mixed on the day. In the United States, bonds prices dropped as the equities markets saw gains on bids news. In addition, investors were wary about where they put their money ahead of the Federal Reserve’s next ...




Equities markets higher globally

by Elaine Frei

Equities markets higher globally

Asian equities markets were higher on Monday, many rising by more than a full percentage point on the session. The Straits Times index in Singapore added 1.25 percent to 3,115.92, while the Hang Seng index in Hong Kong gained 1.65 percent to 19,266.74 and in India the Sensex was 1.73 percent higher to 12,644.99. In Japan, meanwhile, the Nikkei 225 added ...




Yen weakens; sterling stronger

by Elaine Frei

Yen weakens; sterling stronger

Japanese yen weakened late in the session on Monday, on gains by Asian equities markets. The yen dropped 0.5 percent to ¥156.30 versus the euro, while it fell 0.7 percent against the US dollar to ¥117.50 and was 0.8 percent lower to ¥228.70 in relation to sterling in early afternoon trade in New York. Meanwhile, a 27 basis point rise in ...




Commodities prices higher on session

by Elaine Frei

Commodities prices higher on session

Prices on commodities were higher on Monday, mainly due to tight supplies or worries that supplies will tighten. Copper hit its highest price of the year so far, reaching $6,650 per tonne at one point in the session after a statement by BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) that higher demand in China would put pressure on the market in the ...




March 14, 2007

Welcome to the IM investment blog

by Administrator
I'm going to tracking some stocks here and see what results I can come up with. In the meantime, watch this space. :)