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August 17, 2009
by Elaine Frei
Crude oil prices were lower again Monday amid analyst predictions that prices could drop even more and despite the possibility that the year’s first hurricane could strike the East Coast of the United States but will probably miss the Gulf of Mexico.
At just before 1:30 p.m. in New York, September contracts for West Texas Intermediate crude had dropped $1.69 to ...
by Elaine Frei
European equities markets were lower Monday as mining shares declined on lower metals prices and most insurers saw share prices slip but two in the sector still were among the top gainers on the FTSE 100.
The FTSE 100 was 1.46 percent lower to 4,645.01 in London, while the FTSE 250 fell 2.84 percent to 8,274.09.
Legal & General (LSE: LGEN) added 1.97 percent for the ...
by Elaine Frei
The pound weakened Monday after Rightmove Plc (LSE: RMV) issued a report showing that the average price of a house in the UK dropped 2.2 percent in August.
Mid-morning trade in New York found the pound trading at 86.26p to the euro while it took $1.6305 to buy a pound and the yen traded at ¥154.1741 to the UK currency.
The US dollar and ...
August 14, 2009
by Elaine Frei
Crude oil prices dropped in New York trade Friday as equities markets saw losses and after disappointing quarterly earnings reports from retailers indicated that US consumers are not ready to spend much money yet.
With demand for oil and oil products still low, the new data left little hope that demand will recover anytime soon.
September contracts for West Texas Intermediate crude were ...
by Elaine Frei
The euro was weaker versus the US dollar and the yen Friday on new data showing that consumer prices fell 0.7 percent from last year in Europe and that while US consumer prices were unchanged in July from June but dropped 2.1 percent from last year in July.
In late morning trade in New York, the dollar traded at $1.4243 to the ...
by Elaine Frei
European equities markets were lower Friday as investors worried about new data on US consumer confidence which called into question how fast the economy will recover from the recession.
The Reuters/University of Michigan consumer confidence index was at 63.2 in August, down from 66 in July and below an expected rise to 68.5.
In London, the FTSE 100 was down 0.87 percent to ...
August 13, 2009
by Elaine Frei
Crude oil prices were up again Thursday as the US dollar declined for the third session in a row and even though new US data showed that despite the optimism voice yesterday by the Federal Reserve, as the Department of Commerce reported that US retail sales fell in July and the Labor Department said new jobless claims rose last week.
Shortly ...
by Elaine Frei
European equities markets were higher Thursday on new data showing that the gross domestic product in both Germany and France were up in the second quarter, but gains were limited after figures from the United States showed that retail sales there were down in July and new jobless claims were up slightly.
The GDP of France and Germany each added 0.3 ...
August 12, 2009
by Elaine Frei
Crude oil prices rose in New York Wednesday after the US Energy Information Administration reported that crude oil stockpiles rose again last week, adding 2.5 million barrels to inventories, while gasoline stockpiles dropped by 1 million barrels and distillates gained 800,000 barrels over the week.
Despite the higher levels of crude in storage, September contracts for West Texas Intermediate ...
by Elaine Frei
European equities markets were higher Wednesday as utilities shares were higher and most banks were higher.
The FTSE 100 added 0.97 percent to 4,716.76 in London, while the FTSE 250 was up 0.59 percent to 8,351.93.
Lloyds Banking Group (LSE: LLOY) was 6.42 percent higher to lead the London banking sector, while Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) managed a ...
by Elaine Frei
The pound weakened in relation to the euro Wednesday, trading at 85.97p to the shared currency on a Bank of England forecast that inflation will remain below 2 percent and could go below 1 percent, and that economic recovery will continue to be slow.
According to the UK Office for National Statistics, consumer inflation there was at an annual rate of 1.8 percent ...
August 11, 2009
by Elaine Frei
Crude oil prices fell below $70 per barrel in New York Tuesday on a report from the US Commerce Department that wholesale inventories in the US were down by 1.7 percent in June.
September contracts for West Texas Intermediate crude were down $1.16 to $69.45 per barrel around the end of the floor trade session on the New York Mercantile ...
by Elaine Frei
The Japanese yen strengthened was stronger Tuesday as US equities markets declined and new data out of China showed fewer loans granted and 23 percent less exports leaving China last month.
In mid-morning trade in New York, the yen traded at ¥135.6305 to the euro and at ¥95.945 to the US dollar, while it was at ¥158.2728 to the pound and was ...
by Elaine Frei
European equities markets were lower Tuesday as banks and miners declined after new data from the US Commerce Department showed that wholesale inventories in the United States dropped by 1.7 percent in June, to their lowest in nearly two years.
The new figures put the economic recovery in doubt.
The FTSE 100 was 1.08 percent lower to 4,671.34 in London, while the FTSE ...
August 10, 2009
by Elaine Frei
Crude oil prices were lower in New York on Monday afternoon after equities markets declined and ahead of a report on July retail sales in the United States, and also ahead of a meeting of the US Federal Reserve, which could signal a return to higher US interest rates.
In addition, there were suggestions that the Organization of Petroleum ...
by Elaine Frei
European equities markets were lower Monday as miners and some banks saw declines even as insurers made gains.
The FTSE 100 was 0.2 percent lower to 4,722.2 in London, while the FTSE 250 was down 0.01 percent to 8,421.01.
Insurer Friends Provident Group (LSE: FP) led gainers on the 100 as it added 6.99 percent, while Prudential (LSE: PRU) was also higher, ...
August 6, 2009
by Elaine Frei
Crude oil prices were lower Thursday after New York equities markets declined and on reports that OPEC will increase its shipments of crude oil in August, but prices came off session lows after the US Labor Department reported that first-time jobless claims were down in the week ending 1 August.
September contracts for West Texas Intermediate crude were down 46 cents to ...
by Elaine Frei
European equities markets were higher Thursday after the European Central Bank held interest rates at 1 percent and as the Bank of England held UK rates at 0.5 percent and unexpectedly expanded its spending for bond purchases in order to help out the economy.
The FTSE 100 added 0.93 percent to 4,690.53 in London, while the FTSE 250 was up 1.35 percent to ...
August 5, 2009
by Elaine Frei
Crude oil prices were up in afternoon trade Wednesday after falling earlier on new data from the US Energy Information Administration showing that US crude oil inventories were up last week.
The EIA reported that crude oil stockpiles added 1.7 million barrels in the week ending 31 July, while gasoline inventories fell by 200,000 barrels but remained 3.7 million barrels over ...
by Elaine Frei
European equities markets were mostly lower Wednesday after new data from the United States showed that the services sector there declined in July and on a report from the Energy Information Administration which said crude oil stockpiles grew more than expected last week.
The FTSE 100 was down 0.52 percent to 4,647.13 in London, while the FTSE 250 managed to add ...
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