June 29, 2007

European equities markets see gains

Permalink: European equities markets see gains by Elaine Frei

Most global equities markets saw advances on Friday. In Europe, he FTSE Eurofirst 300 added 0.6 percent to 1.605.33. Among continental markets, the IBEX gained 0.49 percent to 14,892 in Madrid, while the Paris CAC-40 was 0.81 percent higher to 6,054.93 and in Frankfurt the Dax was up 1.09 percent ...

US dollar declines over week

Permalink: US dollar declines over week by Elaine Frei

US dollar was weaker on Friday in the wake of Thursday’s decision by the Federal Reserve to hold interest rates at 5.25 percent for another month, although analysts said that neither the Fed’s decision, nor its warning that risks of inflation remain, should have spurred the dollar’s decline. The greenback ended ...

Crude oil prices rise, metals mixed

Permalink: Crude oil prices rise, metals mixed by Elaine Frei

Prices for crude oil, gasoline and heating oil were higher on Friday on supply concerns. Nymex August gasoline added 3 cents to $2.24 per gallon with inventories declining last week, even before the height of the US summer driving season. Meanwhile, Nymex August heating oil gained 2 cents to ...

June 28, 2007

Asia-Pacific markets higher

Permalink: Asia-Pacific markets higher by Elaine Frei

European markets were higher in Thursday‘s trade, in some cases substantially so. The FTSE Eurofirst 300 was up 0.89 percent to 1,593.67. The IBEX gained 0.94 percent to 14,819.9 in Madrid. In Paris, the CAC-40 was 1.09 percent higher to 6,006.31, while the Dax added 1.54 percent in Frankfurt to close ...

WTI tries to catch up with Brent crude prices

Permalink: WTI tries to catch up with Brent crude prices by Elaine Frei

West Texas Intermediate crude oil rose above $70 per barrel for the first time in nearly a year on Thursday. WTI for August delivery rose to $70.17 per barrel on the New York Mercantile Exchange during the session, a gain of $1.20. However, by mid-afternoon ...

Yen weakens as sterling sees gains

Permalink: Yen weakens as sterling sees gains by Elaine Frei

Sterling advanced on Thursday after the Nationwide building society said that house prices had grown again in June. The UK currency added 0.1 percent versus the euro to £0.6720 and was up by the same percentage in relation to the US dollar, to $2.0020. After several days of gains, the yen ...

June 27, 2007

Straits Times index down nearly 3 percent

Permalink: Straits Times index down nearly 3 percent by Elaine Frei

The New York markets were mixed by midday on Friday. The Dow Jones Industrial Average was down 0.17 percent to 13,314.73, while the Nasdaq Composite was 0.25 percent higher to 2,580.55 and the S&P 500 had added 0.02 percent to 1,493.13. There were gains in the retail sector ...

US crude oil stockpiles higher; gasoline and distillates inventories decline

Permalink: US crude oil stockpiles higher; gasoline and distillates inventories decline by Elaine Frei

Crude oil prices were higher on Wednesday after the US Energy Information Administration released its weekly inventories report. Brent crude was up 73 cents to $70.90 per barrel in the Intercontinental exchange, while August contracts for West Texas Intermediate crude gained $1.10 to $68.87 per barrel ...

Yen, Norwegian krone strengthen

Permalink: Yen, Norwegian krone strengthen by Elaine Frei

The US dollar remained quiet against major currencies as investors waited for the Federal Reserve to make its latest decision on interest rates, due Thursday. The greenback held steady in relation to the euro at $1.3440 and it added just 0.1 percent to $1.9220 against sterling. On the other hand, the ...

Subprime worries send Treasury bond prices higher

Permalink: Subprime worries send Treasury bond prices higher by Elaine Frei

Prices were up slightly on US Treasury bonds on Wednesday and yields fell as investors worried about the effect troubles in the subprime mortgage market might have on the wider mortgage market and bonds looked like a safe place to put money. A weak durable goods order report also ...

June 26, 2007

Singapore index drops more than 1.5 percent on session

Permalink: Singapore index drops more than 1.5 percent on session by Elaine Frei

The European equities markets were lower again on Tuesday. The FTSE Eurofirst 300 was 0.6 percent lower to 1,587.87. The IBEX fell 0.63 percent to 14,755.2 in Madrid, while the Paris CAC-40 was down 0.82 percent to 5,953.36 and the Dax dropped 0.88 percent to 7,860.52. ...

Declines for oil, metals prices

Permalink: Declines for oil, metals prices by Elaine Frei

Oil prices dropped on Tuesday. Brent crude for July delivery was $1.06 lower to $70.30 per barrel on the Intercontinental Exchange in London. Meanwhile, August contracts for West Texas Intermediate crude fell $1.20 to $67.98 on the New York Mercantile Exchange. The declines came a day before new ...

US dollar steady against euro, slightly weaker versus sterling

Permalink: US dollar steady against euro, slightly weaker versus sterling by Elaine Frei

The US dollar held relatively steady in relation to the euro on Tuesday, trading at $1.3460 versus the euro at mid-session in New York. The greenback held on to previous levels despite new economic data that was weaker than had been hoped. Sterling, however, added 0.1 ...

June 25, 2007

Europe, Asia see mixed results on session

Permalink: Europe, Asia see mixed results on session by Elaine Frei

European equities markets were mixed on Monday. The FTSE Eurofirst 300 dropped 0.08 percent to 1,597.48. In Madrid, the IBEX added 0.45 percent to 14,851.7, but the Dax dropped 0.24 percent to 7,930.61 in Frankfurt and the Paris CAC-40 was 0.34 percent lower to 6,002.85. There were ...

Oil lower in London, sees gains in New York

Permalink: Oil lower in London, sees gains in New York by Elaine Frei

There was mixed news in the oil markets on Monday. The good news was that unions in Nigeria had called off a strike after the government agreed to their demands and froze the price of fuel for a year. Also in Nigeria, Shell (LSE: RDSA, RDSB; ...

US dollar remains steady versus sterling, euro

Permalink: US dollar remains steady versus sterling, euro by Elaine Frei

Sterling briefly rose to $2.0005 in relation to the US dollar on Monday before retreating to $1.9990, about where it had been. The dollar was also steady versus the euro at $1.3460. Meanwhile, the New Zealand dollar traded at $0.7655 versus the US dollar, gaining ground after declining ...

10-year yields down in Asia, Europe, US

Permalink: 10-year yields down in Asia, Europe, US by Elaine Frei

Yields on 10-year government bonds fell on Monday. The 10-year Japanese government bond was down to a yield of 1.88 percent, while the 10-year bund dropped 3 basis points to 4.62 percent. Ten-year gilt yields also dropped 3 basis points, to 5.48 percent. Meanwhile, in late afternoon ...

June 22, 2007

US, Europe equities in declines on day

Permalink: US, Europe equities in declines on day by Elaine Frei

European equities markets saw yet another day of declines on Friday. The FTSE Eurofirst 300 fell 0.34 percent to 1,598.1. In Paris, the CAC-40 dropped 0.11 percent to 6,023.25, while the Dax was down 0.19 percent to 7,949.63 and the IBEX was 0.66 percent lower to 14,784.9. ...

Yen, US dollar end week lower

Permalink: Yen, US dollar end week lower by Elaine Frei

The Swedish krona, the Swiss franc, the Taiwanese dollar all saw gains over the week in the wake of actions by their nation‘s central banks. The Taiwanese central bank hiked interest rates to 3.125 percent, sending the currency 1.2 percent higher to T$32.75 in relation to the US dollar. ...

Crude oil, base metals prices mixed on week

Permalink: Crude oil, base metals prices mixed on week by Elaine Frei

July contracts for Brent crude on the Intercontinental Exchange added $1.10 on Friday to reach $71.32 per barrel. Meanwhile, West Texas Intermediate Crude for August delivery was 63 cents higher to $69.28 per barrel on the New York Mercantile Exchange. WTI prices were up 1.9 percent on ...