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July 31, 2009
by Elaine Frei
European equities markets were mostly lower to end the week as the FTSE Eurofirst 300 was down 0.18 percent on the session to 928.9, although despite the day’s declines it added 2.4 percent on the week and was up 9.2 percent in July.
The FTSE 100 was 0.5 percent lower to 4,608.36 in London, but the FTSE 250 added 0.82 percent ...
July 30, 2009
by Elaine Frei
Crude oil prices were higher Thursday, recovering from big declines on Wednesday as the US dollar weakened and sentiment improved.
West Texas Intermediate crude for September delivery was $3.46 higher to $66.81 per barrel about 45 minutes before the close of floor trade on the New York Mercantile Exchange.
Nymex September heating oil was up 9 cents to $1.79 per gallon while September ...
by Elaine Frei
European equities markets were higher Thursday as investors hoped that positive quarterly reports mean that the economy is beginning to recover from the global recession.
In London, the FTSE 100 added 1.85 percent to 4,631.61 while the FTSE 250 was up 2.22 percent to 7,934.63.
The construction materials sector had a good day as retailer Travis Perkins (LSE: TPK) added 13.57 percent ...
July 29, 2009
by Elaine Frei
Crude oil prices fell significantly Wednesday after the US Energy Information Administration reported that stockpiles were up unexpectedly last week.
The EIA said that crude oil inventories added 5.1 million barrels in the week ending 24 July to 347.8 million barrels while gasoline inventories were 2.3 million barrels lower as the refiners made less of the fuel, but distillates ...
by Elaine Frei
Equities markets in Europe were mostly higher Wednesday as the corporate earnings season continued, with some results coming in better than expected.
The FTSE 100 and FTSE 250 each added 0.41 percent on the session in London, to 4,547.53 and 7,762.59 respectively.
Voting and non-voting shares of investment manager Schroders (LSE: SDR.L, SDRt.L) led gainers on the 100, with non-voting shares adding ...
July 28, 2009
by Elaine Frei
September contracts for West Texas Intermediate Crude were $1.62 lower to $66.76 per barrel in noon trade Tuesday on the New York Mercantile Exchange, while Brent crude was last reported to have declined $1.53 to $69.28 per barrel on the ICE Futures Europe exchange in London.
The declines came ahead of new data on US inventories from the US Energy Information ...
by Elaine Frei
European equities markets were lower Tuesday, hurt by new data showing that consumer confidence in the United States fell in July as the Conference Board said it’s confidence index was at 46.6 in July, down from 49.3 in June.
The FTSE 100 was down 1.25 percent to 4,528.84 in London, while the FTSE 250 dropped 1.85 percent to 7,731.16.
The mining sector was ...
July 27, 2009
by Elaine Frei
Crude oil prices closed higher again Monday as prices were helped by news that new home sales in the United States were up by 11 percent in June from May’s numbers, raising hopes that the economy is beginning to recover.
September contracts for West Texas Intermediate crude was up 33 cents to $68.38 per barrel on the New York Mercantile Exchange ...
by Elaine Frei
Equities markets in Europe were higher Monday after a report that new home sales in the United States were up 11 percent in June from May and as inventories of new homes for sale were at their lowest since February 1998.
The news helped sentiment that economic recovery is on the way.
In London, the FTSE 100 added 0.21 percent to ...
July 24, 2009
by Elaine Frei
September contracts for West Texas Intermediate crude were up 23 cents to $67.39 per barrel at midday on the New York Mercantile Exchange after going lower earlier as an index of consumer sentiment is lower in July than it was in June, while at last report Brent crude had added 10 cents to $69.35 per barrel on the ICE Futures Europe exchange in London.
Gains came on ...
July 23, 2009
by Elaine Frei
Crude oil prices climbed Thursday on stronger equities markets, on a gain in existing home sales in the United States, and on a weaker dollar.
September contracts for West Texas Intermediate crude was up $1.76 to $67.16 per barrel on the New York Mercantile Exchange while Brent crude added $2.04 to $69.25 per barrel on the ICE Futures Europe exchange ...
by Elaine Frei
European equities markets were higher Thursday as more positive quarterly reports came in and miners saw gains as metals prices went up.
The FTSE 100 added 1.47 percent to 4,559.8 in London, while the FTSE 250 was up 1.2 percent to 7,887.23.
Miners once again dominated the gainers list on the 100, taking all top 5 spots as Kazakhmys (LSE: KAZ) led ...
July 22, 2009
by Elaine Frei
Prices for West Texas Intermediate crude oil were down New York trade Wednesday after the US Energy Information Administration released its weekly inventories data, which showed that crude oil stockpiles fell less than expected last week while gasoline and distillates inventories both increased.
WTI September contracts dropped 21 cents to $65.40 per barrel on the New York Mercantile Exchange and went as low ...
by Elaine Frei
European equities markets were higher Wednesday on gains in the pharmaceuticals sector.
Shire Pharmaceuticals (LSE: SHP) led the FTSE 100 in London with a gain of 3.96 percent while Merck (FWB: MRK) was the best performer on the Dax as it added 2.22 percent in Frankfurt.
The gains came after Bayer (FWB: BAY; TYO: 4863) said that the breast cancer ...
July 21, 2009
by Elaine Frei
Crude oil prices were up again Tuesday as quarterly corporate earnings report continue to come in better than had been expected and ahead of tomorrow’s weekly US inventories report from the Energy Information Administration, where oil inventories are expected to have declined again but gasoline stockpiles were likely up last week.
At around 11:30 a.m. in New York, August contracts for ...
by Elaine Frei
Most equities markets in Europe saw gains Tuesday.
In London, the FTSE 100 was up 0.85 percent to 4,481.17 while the FTSE 250 added 0.99 percent to 7,742.58.
Insurers were mostly higher, led by Legal & General (LSE: LGEN) with a gain of 4.27 percent, but Friends Provident (LSE: FP) dropped 2.5 percent after it spurned a takeover offer and specialty insurer Hiscox (LSE: ...
July 20, 2009
by Elaine Frei
European equities markets saw gains Monday on the news that US lender CIT Group (NYSE: CIT) will likely avoid bankruptcy and after the Conference Board’s index of leading economic indicators was reported up 0.7 percent in June, causing speculation that the US economy will recover later in the year.
The FTSE 100 added 1.25 percent to 4,443.62 in London, ...
July 17, 2009
by Elaine Frei
Crude oil prices were higher Friday as demand hopes rose after the US Labor Department reported that new home starts in the United States were higher in June, while terrorist attacks in Indonesia and more elections protests in Iran also helped push prices higher.
August contracts for West Texas Intermediate crude added $1.54 to $63.56 per barrel on the ...
by Elaine Frei
European equities markets were higher again Friday.
The FTSE 100 was 0.62 percent higher to 4,388.75 in London, while the FTSE 250 added 0.35 percent to 7,580.66.
Miners remained in focus as metals prices advanced, with all five top winners on the 100 and the top winner on the 250 coming from the mining sector.
Aquarius Platinum (LSE: AQP) led both the 250 and the ...
July 16, 2009
by Elaine Frei
Crude oil prices were lower in afternoon trade Thursday.
August contracts for West Texas Intermediate crude were 70 cents lower to $60.84 per barrel at just past 1:30 p.m. on the New York Mercantile Exchange, while Brent crude had dropped 28 cents to $62.81 per barrel at last report on the ICE Futures Europe exchange in London.
Declines came after the US Labor ...
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