|
|
April 30, 2009
by Elaine Frei
Crude oil prices were mixed Thursday after the US Commerce Department reported that consumer spending was down 0.2 percent in March while personal income fell 0.3 percent in the month, and after both Exxon Mobil (NYSE: XOM) and Marathon Oil (NYSE: MRO) issued disappointing quarterly reports.
June contracts for West Texas Intermediate crude were just 15 cents higher to $51.12 per ...
by Elaine Frei
European equities markets were higher Thursday as the FTSE 100 added 1.29 percent to 4,243.71 and FTSE 250 gained 2.15 percent to 7,516.13 in London on gains for banks.
Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) led the 100 and the banking sector for the second day in a row as it added 13.59 percent, followed by Barclays Bank (LSE: BARC; NYSE: ...
by Elaine Frei
The Japanese yen was weaker Thursday after a number of positive quarterly reports raised investor demand for higher-yielding currencies and on sentiment that the swine flu outbreak will not seriously impact the global economy.
At just past 11 a.m. in New York, the yen traded at ¥130.4679 to the euro, at ¥98.425 to the US dollar and at ¥82.6962 to the Canadian dollar.
The ...
April 29, 2009
by Elaine Frei
Prices for crude oil rose Wednesday after the US Energy Information Administration released its weekly inventories report, which showed that while crude oil stockpiles were up twice the expected amount, gasoline inventories were significantly lower than had been anticipated.
June contracts for West Texas Intermediate crude were up 98 cents to $50.90 per barrel on the New York Mercantile Exchange ...
by Elaine Frei
Equities markets in Europe were higher Wednesday as banks gained on a better-than-expected quarterly report from a Spanish bank.
The FTSE 100 added 2.27 percent to 4,189.59 in London, while the FTSE 250 was up 2.68 percent to 7,346.69.
Banks led winners on the 100 as Standard Chartered (LSE: STAN; SEHK: 2888) was 7.48 percent higher, Lloyds Banking Group (LSE: LLOY) added 8.26 percent, ...
by Elaine Frei
The yen and the US dollar both weakened Wednesday on the possibility that the global recession may have bottomed out as the US Commerce Department reported that the US gross domestic product dropped by just 6.1 percent in the first quarter after a 6.3 percent decline in the fourth quarter of 2008.
While the decline was more than had been expected, ...
April 28, 2009
by Elaine Frei
Crude oil prices were lower Tuesday, with declines coming on concerns that fewer people will travel as the swine flu outbreak spreads and in anticipation of more inventory gains when the US Energy Information Administration reports on stockpiles tomorrow.
June contracts for West Texas Intermediate crude fell 22 cents to $49.92 per barrel on the New York Mercantile Exchange while ...
by Elaine Frei
European equities markets end the session in negative territory Tuesday as banks fell on reports that bank regulators have told Citigroup (NYSE: C) and Bank of America (NYSE: BAC) that they need to raise more cash., on declines among miners as prices for base metals fell, and on continuing concerns about the outbreak of swine flu.
In London the FTSE ...
April 27, 2009
by Elaine Frei
Crude oil prices were lower on concerns that the swine flu outbreak that began in Mexico and has spread to other parts of the world will cut demand by discouraging people from traveling.
June contracts for West Texas Intermediate crude fell $1.41 to $50.14 per barrel on the New York mercantile exchange while Brent crude was $1.39 lower to $50.28 per ...
by Elaine Frei
European equities markets were mixed Monday as the pharmaceuticals sector saw gains on hopes that there is money to be made from the swine flu outbreak which originated in Mexico and has spread to the US, Canada and Europe, but stocks related to travel declined on concerns that people will stay home on fears that travel could ...
by Elaine Frei
The Mexican peso was hurt by the spreading swine flu outbreak there on concerns that the economy will be hurt as fewer tourists bring foreign currencies into the country and as Mexican consumers spend less as those concerned about contracting the disease stay home.
In late morning trade in New York, the Mexican currency traded at 13.7402 pesos to the dollar ...
April 23, 2009
by Elaine Frei
Crude oil prices gained in New York, but by shortly before the close of floor trade the were still below $50 per barrel after unemployment was reported higher in the US and existing home sales were said have dropped in March.
At about fifteen minutes before the close of floor trade, June contracts for West Texas Intermediate crude had added 35 ...
by Elaine Frei
The majority of European equities markets were lower Thursday.
In London, the FTSE 100 was 0.31 percent lower to 4,018.23 although the FTSE 250 managed to gain 0.3 percent to 7,181.53 on the session.
The retail sector saw gains after Debenhams (LSE: DEB) led the 250 and the sector with a gain of 21.65 percent after it reported that both its ...
by Elaine Frei
A new Markit index report which showed that manufacturing and services in the Eurozone contracted less in April than in March helped the euro see gains against the US dollar and the yen on Thursday.
At the same time, the US dollar was hurt by new numbers from the National Association of Realtors showing that existing home sales were down by 3 percent ...
April 22, 2009
by Elaine Frei
Crude oil prices fell Wednesday right after the EIA said that crude oil inventories gained 3.9 million barrels last week, to 370.6 million barrels in storage, while gasoline stockpiles added 800,000 barrels and distillates in storage were 2.7 million barrels higher in the week.
By near the end of floor trade in New York, however, the price of June contracts ...
by Elaine Frei
European equities markets saw gains Wednesday as banks and miners saw gains.
The FTSE 100 added 1.08 percent to 4,030.66 in London, while the FTSE 250 was up 2.47 percent to 7,159.96.
Most UK retailers saw gains, led on the 250 by auto retailer Inchcape (LSE: INCH), which added 19.67 percent for the best performance of the day in London, followed by ...
by Elaine Frei
The pound weakened Wednesday after Chancellor of the Exchequer Alistar Darling told Parliament that the UK economy will contract by 3.5 percent this year.
In addition, two separate reports said that joblessness in the UK was up to 2.1 million after 177,000 more people became unemployed in the three months ending in February and that the UK’s deficit was up to £90 billion ($117 ...
April 21, 2009
by Elaine Frei
Crude oil prices were up slightly Tuesday, helped by gains in equities markets and declines in the US dollar against the euro, but gains were limited by the likelihood that when the US Energy Information Administration reports on inventories Wednesday, it will say that crude oil stockpiles were up again last week.
May contracts for West Texas Intermediate crude, which expire ...
by Elaine Frei
European equities markets were mixed Tuesday, with London markets lower as banks declined after Bank of New York Mellon (NYSE: BK) produced a disappointing quarterly report and cut its dividend.
In London, the FTSE 100 was down 0.09 percent to 3,987.46 while the FTSE 250 dropped 0.42 percent to 6,987.25.
The declines came despite gains in the retail sector after Tesco (LSE: TSCO) said ...
by Elaine Frei
The euro gained ground versus the US dollar and the yen Tuesday after a new ZEW survey showed that German investor confidence returned to positive territory in April, coming in at 13, up from minus 3.5 in March.
At around 11 a.m. in New York, it took $1.2952 or ¥127.3345 to buy a euro.
The pound was also up on good news as UK ...
|
|
