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June 29, 2007
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 to 8,007.32. Sportswear manufacturers were higher, as were industrial ...
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 the week 0.3 percent lower to $2.0500 against sterling, while ...
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 $2.04 per gallon. There are worries that winter supply ...
June 28, 2007
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 at 7,921.36. Steelmakers, car and truck manufacturers, power generators, ...
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 in New York, the price for WTI had fallen back ...
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 weakened on the session as industrial production numbers declined in ...
June 27, 2007
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 and among computer makers. The oil sector was also ...
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 on the New York Mercantile Exchange. July Nymex gasoline ...
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 New Zealand dollar dropped 0.6 percent to $0.7605 versus its ...
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 aided bonds. Orders were down by 2.8 percent in ...
June 26, 2007
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. In London, the FTSE 100 fell 0.44 percent to ...
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 inventories data is due, with most analysts expecting that ...
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 percent to $1.9990 on the dollar after having gone as ...
June 25, 2007
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 gains in the food and beverages sector, while utilities and ...
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; NYSE: RDS.A, RDS.B) said it would reopen an export terminal ...
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 on Friday amid rumors that the Reserve Bank of New ...
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 trade in New York, the 10-year US Treasury bond was ...
June 22, 2007
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. Utilities, chems companies, and the pharmaceuticals sectors all saw advances, ...
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. The Swiss franc added 0.3 percent to SFr1.6560 versus the ...
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 the week, but the price for Brent dropped 0.2 percent ...
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