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June 21, 2007
by Elaine Frei
European equities were back to declines on Thursday after a day of gains on the continent Wednesday. The FTSE Eurofirst 300 was 0.84 percent lower to 1,606.61. In Madrid, the IBEX dropped 1.02 percent to 14,882.4, while the Paris CAC-40 fell 1.04 percent to 6,029.79 and the Dax was 1.55 percent lower in Frankfurt, to 7,964.71. There were ...
by Elaine Frei
Crude oil prices were mixed on Thursday. Brent crude was 10 cents higher to $70.52 per barrel on the Intercontinental Exchange. Meanwhile, at mid-afternoon in New York, West Texas Intermediate crude was down 21 cents to $68.65 per barrel on the New York Mercantile Exchange. Gasoline futures were 2 cents higher to $2.25 per gallon, ...
by Elaine Frei
Two-year US Treasury bonds saw yields decline as prices rose a bit. Investors were looking for safe, short-period places to put their money as problems in the subprime mortgage business again surfaced. There are concerns that the trouble in that part of the mortgage sector could extend into the full sector. The two-year paper was yielding 4.96 percent on ...
by Elaine Frei
The New Zealand dollar saw gains again on Thursday, and this time there seemed to be no efforts by the Reserve Bank of New Zealand to interfere with its rise. The kiwi had added 0.3 percent to ¥94.10 by midday trade in New York, a 20-year high against the Japanese currency, while it was 0.4 percent up on ...
June 20, 2007
by Elaine Frei
After several days of declines, European markets were mixed on Wednesday. Continental indices were higher, while London once again saw slight declines. The FTSE Eurofirst 300 added 0.44 percent to 1,621.74. In Madrid, the IBEX gained 0.24 percent to 15,035.7, while the Paris CAC-40 was 0.36 percent higher to 6,093.29 and the Dax was up 0.71 percent to ...
by Elaine Frei
Crude oil prices were down significantly on Wednesday after the US Energy Information Agency released its latest weekly inventories data. July contracts for Brent crude on the Intercontinental Exchange dropped $2.00 to $69.84 per barrel and West Texas Intermediate crude for July delivery fell $1.75 to $67.35 per barrel on the New York Mercantile Exchange. Nymex July ...
by Elaine Frei
Sterling was stronger on Wednesday after the Bank of England released the minutes from this month’s Monetary Policy Committee meeting, leading most analysts to expect that another interest rate hike will likely come in July. The pound was 0.3 percent higher versus both the US dollar and the euro, to $1.9930 and £0.6735 respectively, while it added 0.4 percent ...
June 19, 2007
by Elaine Frei
Wall Street was lower at midday on Tuesday. The Dow Jones Industrial Average was just slightly lower at 13,608.24, while the Nasdaq Composite fell 0.2 percent to 2,621.03 and the S&P 500 dropped 0.1 percent to 1,529.14. The declines came after new figures show that housing starts were down by 2.1 percent in May. The ...
by Elaine Frei
In New York trade, precious metals prices were mixed on Tuesday. Most prices saw gains, but July platinum was $1 to $1,298.50 per troy ounce. Even though the price of platinum fell on the session, analysts think prices could go higher. There are concerns about the political situation in Russia, while there are other problems in South Africa. Together ...
by Elaine Frei
The US dollar was weaker on Tuesday after new data showed that housing starts were down in May. The greenback was steady versus the euro at $1.3410, but it dropped 0.2 percent to sterling, to $1.9880.
Otherwise, the euro saw declines on Tuesday on lower investor confidence in Germany in June. The shared currency was down 0.2 percent to SFr1.6630 versus ...
by Elaine Frei
Prices were up and yields down on US Treasury bonds on Tuesday after new data showed housing starts down in May.
The risks the decline poses to the economy is only accentuated by recent problems in the sub-prime mortgage sector.
The fallout from the mortgage problems, fewer risky borrowers able to get loans to buy a ...
June 18, 2007
by Elaine Frei
Most equities markets in the Asia-Pacific region saw gains on Monday. Of the major markets, only the Sensex was lower, falling 0.58 percent to 14,080.14. Records were set on several indices. In South Korea, the Kospi index closed at 1,806.88, a gain of 2 percent and the first time the index exceeded the 1,800 level. ...
by Elaine Frei
The Japanese yen weakened on Monday as a number of currencies hit long-term highs against the Japanese currency. The declines came as investors continued to sell the yen and invest in carry trades. The US dollar added 0.1 percent versus the yen to ¥123.61, a four-and-a-half year high. The euro added 0.3 percent against the yen to ¥165.87, ...
by Elaine Frei
West Texas Intermediate crude for July delivery was $1.09 higher on Monday, to $69.09 per barrel on the New York Mercantile Exchange. Meanwhile, July contracts for gasoline were almost half a cent higher to $2.2643 per gallon, while Nymex July heating oil added 2.36 cents to $2.0342 per gallon. Natural gas, on the other hand was 33.8 ...
June 15, 2007
by Elaine Frei
European markets were up for the third day in a row on Friday. The FTSE Eurofirst 300 added 1.21 percent to 1,624.69 as the Paris CAC-40 gained 0.96 percent to 6,105.28, the IBEX was up 1.15 percent to 15,252.1 in Madrid, and the Dax added 2.31 percent to 8,030.64 in Frankfurt. Carmakers and utilities were mixed. There ...
by Elaine Frei
Crude oil prices gained substantially over the week despite only small gains on Friday. Brent crude for July delivery added only 11 cents on the day to $71.47 per barrel, but still gained 4.2 percent over the week on the Intercontinental Exchange in London. Meanwhile, West Texas Intermediate crude for July delivery was 17 cents ...
by Elaine Frei
The Japanese yen dropped 0.8 percent this week to ¥103.70 versus the Australian dollar, while it was down 1.3 percent to ¥164.90 against the euro. It fell 1.6 percent to ¥123.60 in relation to the US dollar and declined 1.9 percent to ¥244.20 versus sterling. The yen dropped after the Bank of Japan announced Friday that it is leaving ...
by Elaine Frei
Prices for US Treasury bonds were higher on Friday on declining consumer sentiment, benign inflation figures and weaker than anticipated industrial output data. Core inflation was at 2.2 percent in May, below the 2.3 percent analysts had been expecting and nearing the Federal Reserve’s target of between 1 and 2 percent.
Two-year Treasury bonds were yielding 5.07 percent, down from Thursday’s yield ...
June 14, 2007
by Elaine Frei
European equities markets saw significant advances on Thursday. The Eurofirst 300 added 1.44 percent on the session, to 6,642.7. Among continental markets, the IBEX gained 1.6 percent to 15,066.4 in Madrid, while the Paris CAC-40 was 1.9 percent higher to 6,047.23 and in Frankfurt the Xetra Dax added 2.19 percent to 7,849.16. Utilities, builders, and car and truck makers ...
by Elaine Frei
Crude oil prices were up sharply on Thursday amid worries from several directions. Brent crude for July delivery added $1.27 to $71.21 per barrel on the Intercontinental Exchange in London, while July contracts for West Texas Intermediate crude gained $1.40 to $67.66 per barrel on the New York Mercantile Exchange. Nymex gasoline July futures was up 5 cents, to $2.2065 ...
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