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July 13, 2007
by Elaine Frei
New records were set in equities markets in both Hong Kong and Singapore on Friday. In Hong Kong the Hang Seng added 1.27 percent to 23,099.29, while the Straits Times index in Singapore gained 1.8 percent to 3,654.61 In India, the Sensex also saw gains as it jumped 1.2 percent to 15,272.72. In Australia the Sydney Ordinaries ...
by Elaine Frei
Metals prices were mixed on Friday, with precious metals seeing declines.
Gold closed at $667.30 per troy ounce, a decline of $1 on the session, but gained 1.9 percent over the week.
Silver, meanwhile, dropped 7 cents to $13.11 per troy ounce, but also pulled out a gain for the week, adding 2.8 percent.
October platinum was down $3.20 on the session to $1.,327.50 ...
by Elaine Frei
Prices on US Treasury bonds were higher on Friday after new data showed that retail sales in June were much lower than had been expected., dropping 0.9 percent, the biggest decline in almost two years.
A decline of only 0.3 percent had been expected, as the markets already knew about weak sales in cars and homes, but hadn’t taken account of ...
July 12, 2007
by Elaine Frei
European equities markets saw significant gains on Thursday after two days of declines. The FTSE Eurofirst 300 added 1.19 percent to 1,620.18. The IBEX gained 1.19 percent to 14,941.8 in Madrid, while the Paris CAC-40 was 1.7 percent higher to 6,103.05 and the Dax was up 1.96 percent to 8,053.43. Engineering shares were higher, as were builders and ...
by Elaine Frei
Crude oil prices were higher on Thursday as US gasoline consumption rose to its third-highest level in history and it was reported that North Sea production will decline in August due to maintenance.
Brent crude for August delivery added 78 cents to $76.22 per barrel in late afternoon trade on the Intercontinental Exchange in London, while September Brent traded at $76.26 per ...
by Elaine Frei
The US dollar and sterling were both fractionally higher versus the yen on Thursday, to ¥122.42 and ¥248.38 respectively, while the euro gained 0.2 percent to ¥168.53 in relation to the Japanese currency after going to a new record high at ¥168.66.
The New Zealand and Australian dollar both gained 0.3 percent on the yen as well, to ¥95.80 and ¥105.72 respectively.
The ...
by Elaine Frei
Prices for US Treasury bonds declined on Thursday as equities surged, but analysts said that the declines were not as steep as they could have been.
This, however, did not discourage good demand for an auction of $8 billion in inflation-indexed 10-year issues.
Late in the afternoon in New York, two-year Treasury bonds saw yields up to 4.94 percent, while 5-year paper was yielding 4.02 ...
July 11, 2007
by Elaine Frei
Bucking global trends on Wednesday, New York equities markets were higher in mid-day trade. The Dow Jones Industrial Average was up 0.46 percent to 13,564.21, while the Nasdaq Composite had added 0.38 percent to 2,649.17 and the S&P 500 gained 0.47 percent to 1,517.15. Bids rumors sent consumer goods makers and aluminium producers higher, while fast food restaurant ...
by Elaine Frei
Oil prices were volatile on Wednesday, especially in New York, as the US Energy Information Administration released its weekly report on inventories.
Prices on the New York Mercantile Exchange were lower before the EIA figures were released, saw gains right after the new figures were announced, and then were back down in early afternoon trade, dropping 6 cents to $72.75 per barrel ...
by Elaine Frei
The yen was weaker in New York trade as investors began to sell the Japanese currency once again, so that by midday in New York, the US dollar was up 0.1 percent to ¥121.86 versus the yen, while the euro had added 0.3 percent to ¥167.84 in relation to the Japanese currency.
In addition, the Australian dollar was 0.5 percent higher to ¥105.29, while the ...
July 10, 2007
by Elaine Frei
European markets were much lower on Tuesady as most major markets dropped more than 1 percent on the session. The FTSE Eurofirst 300 fell 1.06 percent to 1,608.25. In Madrid, the IBEX was 1.01 percent lower to 14,823.9, while the Dax dropped 1.39 percent to 7,964.76 and the Paris CAC-40 was down 1.4 percent to 6,019.22. Carmakers declined, with ...
by Elaine Frei
Crude oil prices were higher on Tuesday after a warning from the International Energy Agency that supplies will be under pressure for the next five years, as well as on news of the shutdown of three units at another US refinery.
Brent Crude for August delivery was 82 cents higher to $76.61 per barrel, while September contracts added 79 cents to $76.82 on the ...
by Elaine Frei
The US dollar weakened Tuesday, with the euro hitting a new high against the greenback on warnings from the retail sector and homebuilders.
In midday trade in New York, sterling had added 0.5 percent to $2.0240 versus the US dollar, a bit down from a 26-year high, while the euro had gained 0.7 percent to $1.3721 in relation to the dollar.
At the ...
by Elaine Frei
The price of US Treasury bonds was higher on Tuesday on declines in equities markets and continuing concerns about the subprime mortgage sector.
The subprime worries were only magnified by news that Standard & Poor’s is looking at downgrading billions of dollars of mortgage-backed securities, a possibility signaled by an announcement that it had put the securities on its CreditWatch list.
Two-year Treasury ...
July 9, 2007
by Elaine Frei
Both the Taiex index in Taiwan and the Nikkei 225 in Tokyo closed at their highest levels in 7 years as equities markets in the Asia-Pacific region saw gains on Monday. The Taiex added 1.98 percent to 9,369.84, while the Nikkei gained 0.7 percent to 18,261.98. In Tokyo, the Topix index was also higher, adding 0.7 percent as well to close ...
by Elaine Frei
Crude oil prices were mixed on Monday.
While Brent crude for August delivery added 63 cents to $76.25 per barrel on the Intercontinental Exchange in London, August contracts for West Texas Intermediate crude was 79 cents lower to $72.02 by early afternoon in New York.
Nymex August gasoline added 3 cents to $2.34 per gallon, while Nymex August heating oil was trading even at $2.10 per ...
by Elaine Frei
The yen weakened again on Monday, hitting a new low versus the euro before bouncing back to trade even against the shared currency, dropping to ¥168.54 versus the euro, a new record low.
However, by midday in New York it had regained its previous level of ¥168.03.
Sterling added 0.3 percent to ¥248.51 and the Australian dollar was 0.4 percent higher against the Japanese currency to ...
July 6, 2007
by Elaine Frei
Asia-Pacific equities markets were mixed to close out the week. In China, the Shanghai Composite was back after recent declines, adding 4.6 percent on the session to close at 3.781.17. The Hang Seng index in Hong Kong added 1.25 percent to 22,531.74. The Sensex was 0.69 percent higher to 14,964.12 in India, while the Straits Times index in ...
by Elaine Frei
Crude oil prices were higher on Friday on issues ranging from continuing unrest in Nigeria to an upcoming announced closure of a North Sea oil field.
Events in Nigeria continue to cause concern even though at least one militant group has spoken out against the kidnapping of a three-year-old British girl there, the latest in a series of such events in that nation.
Statoil ...
by Elaine Frei
The Japanese yen dropped this week against both sterling and the euro, losing 0.4 percent to ¥247.95 falling 0.8 percent to ¥167.90 respectively on the news that household investors have become a larger factor in the currencies market.
The yen was even lower in relation to the Australian and New Zealand dollars, falling 1.1 percent to ¥105.60 versus the Australian currency and declining ...
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