April 6, 2009
by
Elaine Frei
The yen was lower Monday as investor sentiment improved on hopes that the worst of the economic crisis could be over, although by late morning trade in New York, the Japanese currency had gained back some of its earlier losses.
With interest rates at 3.25 percent and 3 percent respectively compared to near-zero rates in Japan and the United States, the Australian and New ...
April 3, 2009
by
Elaine Frei
Equities markets in Europe were mixed Friday as some data suggested that the worst of the recession is over but other numbers, including gains in unemployment in the United States last week, caused concerns that there are still hard times ahead.
In London, the FTSE 100 was 2.31 percent lower to 4,029.67 but the FTSE 250 managed a gain of 1.62 percent to 6,926.2.
Four ...
April 2, 2009
by
Elaine Frei
Crude oil prices were significantly higher Thursday as equities markets made substantial gains, the US dollar weakened, and a new report from the Commerce Department said that US factory orders went up in February
May contracts for West Texas Intermediate crude added $4.25 to $52.64 per barrel on the New York Mercantile Exchange, while Brent crude gained $3.94 to $52.39 per ...
by
Elaine Frei
European equities markets were up significantly Thursday as carmakers and some miners saw gains.
The FTSE 100 was up 4.28 percent to 4,134.97 in London, while the FTSE 250 gained 4.21 percent to 6,816.12.
Miners made their presence felt on the 100, taking both the top winning and top losing spot on the index as Kazakhmys (LSE: KAZ) added 17.37 percent, but ...
by
Elaine Frei
The pound strengthened versus the US dollar Thursday after Nationwide Building Society said in a new report that the average price of a house in the UK was up 0.9 percent in March from February, the first increase in nearly a year and a half, rising to £150,946 against an expected continuation of price declines.
In late morning trade, the pound traded ...
April 1, 2009
by
Elaine Frei
Crude oil prices were lower Wednesday after the US Energy Information Administration reported that US inventories of crude oil, gasoline and distillates such as heating oil and diesel fuel all gained last week.
The EIA said that crude oil inventories rose by 2.8 million barrels, while gasoline stockpiles were up 2.2 million barrels despite a predicted decline, and distillates in storage ...
by
Elaine Frei
Equities markets in Europe were up on Wednesday on a report from the Institute of Supply Management which showed that manufacturing activity in the United States was up in March, raising hopes that the economy might be beginning to pull itself out of its slump.
The ISM said that while US manufacturing activity remained in contraction in March, it was up ...
