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July 6, 2007
by Elaine Frei
Prices for US Treasury bonds were lower on Friday, and yields grew, on new data showing that the US unemployment rate is steady.
The report revived fears that a new increase in US interest rates could be in the cards.
Two-year Treasury bonds were yielding 4.99 percent, while five-year issues saw yields rise to 5.09 percent.
Prices for ten-year paper dropped $3.12 on ...
July 5, 2007
by Elaine Frei
New York equities markets were lower at midday on Thursday. The Dow Jones Industrial Average had dropped 0.28 percent to 13,539.25, while the Nasdaq Composite was 0.04 percent lower to 2,643.89 and the S&P 500 was down 0.21 percent to 1,521.64. The hotels and chemicals sectors saw gains on mergers and acquisitions activity, and computer makers were higher. Beverage makers ...
by Elaine Frei
West Texas Intermediate crude for August delivery had added 43 cents to $71.84 per barrel at mid-afternoon in New York, after new inventories figures from the US Energy Information Administration.
August contracts for Brent crude added 99 cents trade at $74.04 per barrel on the Intercontinental Exchange in late afternoon, while September Brent had added 70 cents late in the day to ...
by Elaine Frei
The euro weakened against the US dollar on Thursday after the European Central Bank held interest rates at 4 percent and Bank president Jean-Claude Trichet declined to phrase his comments using words that usually signal a rate increase coming at the next meeting of the Bank.
Most analysts are now convinced that if the ECB hikes rates again this year, it won’t ...
July 3, 2007
by Elaine Frei
European markets were higher as well. The FSTE Eurofirst 300 added 0.8 percent to 1,612.5. In Madrid, the IBEX was 0.44 percent higher to 14,869.4, while the CAC-40 in Paris gained 0.71 percent to 6,069.84. The Dax was up 1.16 percent to 8,050.68 in Frankfurt. Retailers saw gains on the day, while carmakers were mixed. Software makers ...
by Elaine Frei
Brent crude August contracts were 35 cents higher to $72.98 per barrel on the Intercontinental Exchange on Tuesday, while August delivery West Texas Intermediate was 11 cents higher to $71.20 per barrel on the New York Mercantile Exchange.
Nymex August gasoline was also higher, adding 2 cents to $2.27 per gallon. August heating oil futures were up 1 cent to $2.07.
The prices were ...
by Elaine Frei
Prices on US Treasury bonds dropped on Tuesday after equities markets saw gains and results were better on factor orders in May than had been hoped, and even though realtors reported that pending sales of homes in May were as low as they have been since September 2001.
Two-year Treasury bonds were yielding 4.891 percent, while ten-year yields were at 4.045 percent against ...
July 2, 2007
by Elaine Frei
Most European equities markets saw declines on Monday. The FTSE Eurofirst 300 dropped 0.24 percent to 1,601.5. In Paris the CAC-40 fell 0.46 percent to 6,026.95, while the IBEX was 0.59 percent lower to 14,804.7 in Madrid and the Dax was down 0.61 percent to 7,958.24 in Frankfurt. The steel sector saw advances, as did the food ...
by Elaine Frei
Crude oil prices jumped on Monday after declines early in the session. August contracts for Brent crude added $1.09 to $72.50 per barrel on the Intercontinental Exchange. Meanwhile, by mid-afternoon in New York, West Texas Intermediate crude for August delivery added 14 cents to $70.82 per barrel on the New York Mercantile Exchange. Prices were up on new US military ...
by Elaine Frei
Sterling and the euro were both stronger on Monday on new PMI readings and ahead of meetings of the European Central Bank and the Bank of England scheduled for Thursday in order to make decisions on where interest rates will go. Sterling traded at $2.0169 in relation to the US dollar, while the euro traded at $1.2629 against the dollar after ...
by Elaine Frei
Prices were up on US Treasury bonds on Monday as investors ignored the Institute for Supply Management’s new report that showed manufacturing in the US up from 55 in May to 56 in June, and instead looked to bonds as a safe place to put their money after recent terrorist activity in the UK. In addition, investors ...
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