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July 16, 2009
by Elaine Frei
Most equities markets in Europe were higher Thursday after positive quarterly results from US banks JPMorgan Chase (NYSE: JPM), which said it’s second quarter profits were up by 36 percent, and Goldman Sachs (NYSE: GS).
The FTSE 100 added 0.35 percent to 4,361.84 in London, but the FTSE 250 was 0.24 percent lower to 7,554.11.
Construction and chemical engineering group Petrofac Ltd (LSE: PFC) ...
July 15, 2009
by Elaine Frei
Crude oil prices were higher Wednesday after the US Energy Information Administration said that crude oil inventories dropped last week by more than had been expected.
August contracts for West Texas Intermediate crude had added $2.15 to $61.67 per barrel shortly before the close of floor trade on the New York Mercantile Exchange, while at last report Brent crude was $2.56 ...
by Elaine Frei
Europe’s equities markets saw gains Wednesday, with miners and insurers both up in London.
The FTSE 100 added 2.57 percent to 4,346.46 in London, while the FTSE 250 gained 2.18 percent to 7,572.33.
Miner Xstrata (LSE: XTA) led gainers on the 100 as it added 8.42 percent and turned in the best performance in the sector, but not all miners were higher as ...
July 14, 2009
by Elaine Frei
After rising to as much as $61.46 per barrel earlier in the day, August contracts for West Texas Intermediate crude ended the floor session down 17 cents to $59.52 per barrel on the New York Mercantile Exchange, while at last report Brent crude had dropped a cent to $60.68 per barrel on the ICE Futures Europe exchange in London.
It was ...
by Elaine Frei
European equities markets saw gains Tuesday as miners and the oil sector saw big gains, while banks and carmakers also were higher on the session.
The FTSE 100 added 0.85 percent to 4,237.68 in London, while the FTSE 250 gained 1.82 percent to 7,411.09.
The top five gainers on the 100 all came from the mining sector, ...
July 13, 2009
by Elaine Frei
The price for West Texas Intermediate crude was lower in New York Monday, and analysts predicted that prices would continue to fall throughout the week and could go as low as between $50 and $55 per barrel soon.
August contracts for WTI fell 20 cents to $59.69 per barrel by the close of floor trade on the New York Mercantile ...
by Elaine Frei
Equities markets were higher n Europe Monday as financial sectors, including insurers, saw gains on the session.
The FTSE 100 was up 1.82 percent to 4,202.13 in London, while the FTSE 250 added 1.31 percent to 7,278.8.
Insurers took the top four spots on the gainers side of the 100, led by Friends Provident (LSE: FP) with a gain of 12.58 percent, as ...
July 10, 2009
by Elaine Frei
The price of crude oil was lower Friday to end the week 10.3 percent lower than it began on concerns about what kind of news quarterly earnings reports, which are just beginning to come in, will say about the economy.
West Texas Intermediate crude for August delivery was 52 cents lower to $59.89 per barrel on the New York Mercantile Exchange, ...
by Elaine Frei
European equities markets fell Friday on continuing worries about economic recovery.
The FTSE 100 was down 0.76 percent to 4,127.17 in London, while the FTSE 250 was 0.53 percent lower to 7,195.31.
Insurer Aviva (LSE: AV) was the biggest loser on the 100 for the second session in a row, falling 4.9 percent, while thermal processing services group Bodycote (LSE: BOY) had ...
July 9, 2009
by Elaine Frei
Crude oil prices rose slightly Thursday on slightly better news on new jobless claims in the US, even though continuing claims were up in the latest available data.
August contracts for West Texas Intermediate crude added 27 cents to $60.41 per barrel on the New York Mercantile Exchange, while Brent crude was up 53 cents to $60.69 per barrel on the ...
by Elaine Frei
European equities markets were up Thursday as London saw gains on a buoyant mining sector and after the Bank of England held interest rates steady again at 0.5 percent but did not expand its program to put more money into the faltering economy.
The FTSE 100 added 0.45 percent in London, while the FTSE 250 was up 0.52 percent to 7,234.
All five ...
July 8, 2009
by Elaine Frei
Crude oil prices were lower again Wednesday on news from the US Energy Information Administration that while oil stockpiles were lower last week, stockpiles of gasoline and distillates both increased during the week ending 3 July.
August contracts for West Texas Intermediate crude were down $2.79 to $60.14 per barrel on the New York Mercantile Exchange while Brent crude ...
by Elaine Frei
European equities markets were lower again Wednesday amid generalized anxiety that the global economy will not recover from recession as quickly as had been hoped based on predictions that quarterly earnings reports will be disappointing.
The FTSE 100 was down 1.12 percent to 4,140.23 in London, while the FTSE 250 was 1.76 percent lower to 7,189.9.
The top three losers on the 100 were ...
by Elaine Frei
The pound was weaker Wednesday after UK house prices fell in June and a former Bank of England official said that the real estate market could have a slow recovery.
House prices in the UK dropped by 0.5 percent in June after having risen 2.6 percent in May, according to Halifax, a unit of Lloyds Banking Group (LSE: LLOY), and had been ...
July 7, 2009
by Elaine Frei
Crude oil prices continued to decline Tuesday even in the face of an upward-revised oil demand forecast from the US Energy Information Administration.
West Texas Intermediate crude for August delivery was $1.12 lower to $62.93 per barrel on the New York Mercantile Exchange, its lowest closing price in over a month, while Brent crude dropped 95 cents to $63.10 per barrel on ...
by Elaine Frei
European equities markets were lower Tuesday.
In London, the FTSE 100 dropped 0.19 percent to 4,187 but the FTSE 250 managed a slight gain of 0.01 percent to 7,321.38.
Helping the gains on the 250 were advances for house builders, led by Persimmon (LSE: PSN), which gained 7.43 percent to lead gainers on the index while at the same time Barratt Developments (LSE: ...
July 6, 2009
by Elaine Frei
Crude oil prices were lower again Monday as investors and analysts worried that demand will remain weak as more data, including last week’s US jobs report for June, made it look as if the economy is not recovering well from the recession.
August contracts for West Texas Intermediate crude were down $2.68 to $64.05 per barrel on the New York Mercantile Exhchange after going ...
by Elaine Frei
European equities markets were lower Monday on concerns that recently improved sentiment in several regions of the globe could be too optimistic about the prospects for economic recovery.
In London, the FTSE 100 fell 0.98 percent to 4,194.91 while the FTSE 250 added 0.77 percent to 7,320.35.
Miners took four of the top five spots in the losers column on the 100, with ...
July 2, 2009
by Elaine Frei
Oil prices were significantly lower on Thursday as investors were bothered by disappointing employment data from the US and the Eurozone, as the Eurozone’s May unemployment rate and the rate in the US in June both reaching 9.5 percent.
August contracts for West Texas Intermediate crude dropped $2.34 to $66.97 per barrel on the New York Mercantile Exchange, while Brent crude was down ...
by Elaine Frei
The pound advanced versus the euro Thursday, trading at 85.43p to the shared currency at around 2:30 p.m. in New York, but dropped versus the US dollar at the same time as the greenback traded at $1.641 versus the UK currency.
Testimony of economist David Miles before the Treasury Committee of Parliament, who said that UK banks remain in trouble and that a return ...
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