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August 28, 2009
by Elaine Frei
Crude oil prices were up in New York at the end of floor trade after being up and down all session, rising as the dollar fell and falling as the dollar rose.
The gains on the session were helped by new data showing that consumer confidence was down less than had been expected in August and that the US economy didn’t contract ...
by Elaine Frei
The yen was weaker Friday as Japan’s unemployment rate was reported at 5.7 percent in July and as consumer prices dropped 2.2 percent from last year.
The yen recovered slightly as the session progressed on a new US consumer confidence report, but the news on jobs and deflation seemed make it more likely that the ruling Liberal Democratic Party will lose ...
August 27, 2009
by Elaine Frei
Crude oil prices were lower for much of the session Thursday, falling as far as $69.83 per barrel in New York trade at one point.
However, by near the end of the floor trade session, October contracts for West Texas Intermediate crude was up 91 cents to $72.34 per barrel on the New York Mercantile Exchange, while at last report Brent crude ...
by Elaine Frei
Equities markets in Europe were lower Thursday as most miners showed declines and banks were mixed at best.
The FTSE 100 was 0.43 percent lower to 4,869.35 in London, while the FTSE 250 dropped 0.93 percent to 8,701.33.
Barclays Bank (LSE: BARC) was the only gainer in the London banking sector as it added 1.63 percent, while Lloyds Banking Group (LSE: ...
August 26, 2009
by Elaine Frei
Crude oil prices were lower in afternoon trade in New York on Wednesday after the US Energy Information Administration reported that crude inventories were up by 200,000 barrels in the week ending 21 August and distillates inventories were up by 800,000 barrels, but gasoline stockpiles dropped 1.7 million barrels during the week to 208.1 million barrels.
At nearly 1:30 p.m. on ...
by Elaine Frei
European equities markets were lower Wednesday despite optimistic data that included a gain in German business sentiment.
The FTSE 100 was 0.53 percent lower to 4,890.58 in London, while the FTSE 250 fell 0.88 percent to 8,783.21.
Miners were lower after UK-listed Chilean miner Antofagasta’s (LSE: ANTO) first-half earnings were reported lower than expectations, sending its shares down by 4.75 percent on ...
August 25, 2009
by Elaine Frei
October contracts for WTI were 66 cents lower to $73.71 per barrel in early afternoon trade on the New York Mercantile Exchange, while at last report Brent crude had dropped 99 cents to $73.27 per barrel on the ICE Futures Europe exchange in London.
The declines came on profit-taking and on concerns raised by a report from the Congressional Budget Office that ...
by Elaine Frei
European equities markets were higher Tuesday on good economic news from the United States as house prices fell less than had been expected in June, consumer confidence was up in the US, and President Barack Obama nominated Federal Reserve Chairman Ben Bernanke for a second term as head of the Fed.
The FTSE 100 was up 0.42 percent to 4,916.8 in ...
by Elaine Frei
The US dollar weakened in relation to the euro and the yen Tuesday as US consumer confidence was reported up in August and as home prices fell less quickly, reducing demand for the greenback as a safe investment.
The Conference Board reported that its consumer confidence index as at 54.1 in August, up from 47.4 in July and higher than expected, while property ...
August 24, 2009
by Elaine Frei
Crude oil prices were higher in New York Monday, supported by gains in equities markets, by positive remarks on the economy from Federal Reserve Chairman Ben Bernanke, and on threats from Nigerian rebels that they will resume attacks on oil facilities in that African nation next month.
October contracts for West Texas Intermediate crude was up 31 cents to $74.20 per ...
by Elaine Frei
European equities markets were higher Monday as banks and miners were up with investors looking for riskier investments as confidence seemed to be staging a recovery.
The FTSE 100 added 0.93 percent in London, while the FTSE 250 was up 1.76 percent to 8,831.89.
Banks led the 100, with Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) adding 6.75 percent to top the gainers ...
August 21, 2009
by Elaine Frei
Crude oil prices were higher again Friday as news and data looked mostly optimistic in relation to recovery from the recession.
European and US equities markets were higher, the latest news on US home resales was good, and Federal Reserve Chairman Ben Bernanke said at a conference that the US economy should begin growing again soon.
Additionally, the Federal Highway Administration ...
by Elaine Frei
European equities markets were higher Friday, with the FTSE Eurofirst 300 adding 2.19 percent to close at 965.61, its highest closing level since last November and almost 50 percent higher than it was when it hit a record low in March.
The gains came on improved sentiment after the National Association of Realtors said that US existing home sales were ...
August 20, 2009
by Elaine Frei
Crude oil prices were volatile Thursday after the US Labor Department reported that initial jobless claims were up again last week.
Down at times during the session, September contracts for West Texas Intermediate crude were up 20 cents to $72.62 per barrel shortly before the end of the floor trade session on the New York Mercantile Exchange.
With September contracts expiring at the ...
by Elaine Frei
European equities markets were higher Thursday as the construction and building materials sectors saw gains.
In London, the FTSE 100 added 1.43 percent to 4,756.58 while the FTSE 250 was up 1.65 percent to 8,508.64.
Home builder Barratt Developments (LSE: BDEV) led the 250 with a gain of 9.45 percent while Taylor Wimpey (LSE: TW) gained 7.49 percent on the session.
UK property developers ...
August 19, 2009
by Elaine Frei
Crude oil prices jumped Wednesday after the US Energy Information Administration reported that crude oil inventories in the United States fell unexpectedly as imports were down to their lowest level in nearly a year.
The EIA said that crude oil stockpiles dropped by 8.4 million barrels to 343.6 million barrels in the week ending 14 August, while gasoline stockpiles fell by ...
by Elaine Frei
The pound weakened versus the greenback and the euro Wednesday after a release of the minutes of the most recent Bank of England Monetary Policy Committee meeting showed that Bank Governor Mervyn King wanted more spending for asset purchases to help the UK economy than the £50 billion pounds in extra spending that was approved by the Committee.
According to the minutes, two ...
by Elaine Frei
European equities markets were mixed Wednesday, with London’s markets up slightly but others seeing declines.
The FTSE 100 added 0.08 percent to 4,689.67 in London, while the FTSE 250 was up 0.19 percent to 8,370.25.
The mining sector was mixed, but Eurasian Natural Resources (LSE: ENRC) led the 100 and the sector’s gainers as it added 6.24 percent while gold and silver miner Fresnillo ...
August 18, 2009
by Elaine Frei
Crude oil prices were up Tuesday in New York ahead of a new report on US stockpiles due Wednesday, new data from the Commerce Department on home construction and as a hurricane and a tropical storm developed in separate areas amid uncertainty about where they might strike and whether or not oil facilities would be in harms way.
At around 1:30 ...
by Elaine Frei
European equities markets were higher Tuesday after Monday’s declines.
London markets were up after reports that inflation held at 1.8 percent in July, although analysts still expect inflation to drop more this year.
The FTSE 100 was 0.88 percent higher to 4,685.78 in London, while the FTSE 250 added 0.97 precen tto 8,354.48.
Energy-related engineering group Amec (LSE: AMEC) added 4.42 percent to turn ...
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