Ivaylo
22 Jun, 2007
New York City
The US subprime rate led London financials lower at mid-day trading with Barclays down, trying to alleviate investors
Elena
22 Jun, 2007
New York City
U.S. stock futures moved to the downside Friday, dragged lower by higher bond yields, renewed concerns about the impact of the subprime mortgage market and weaker overseas stocks. Private-equity giant Blackstone Group went public for $31 a share. Bear Stearns is reportedly planning to take out $3.2 billion in loans to stop creditors from seizing assets of its money-losing hedge funds.
Ivaylo
22 Jun, 2007
New York City
The Shanghai Composite Index plunged heavily on Friday on concern that the government may undertake tightening steps to cool down the fast growth of the market. In South Korea, the index plunged as news spread that the largest shareholder of Korea Exchange Bank had sold part of its stake in the bank. Japan also took a hit as property stocks and insurers declined. Hong Kong bucked the overall downtrend on strong perfomance from China Mobile.
Elena
22 Jun, 2007
New York City
The Blackstone Group went public with shares priced at $31, at the top end of the private equity firm''s guidance of between $29 and $31 a share. With 133.3 million shares issued, the IPO is valued at $4.13 billion, standing out as one of the biggest in the financial-services industry and the sixth biggest in U.S. history. Blackstone''s offering represents a 12% stake in the firm.
Ivaylo
22 Jun, 2007
New York City
The market saw great volatility today with the benchmark index staying firm until noon on strong buying interest in Reliance Energy and ICICI Bank. Softer inflation figures also supported the market. Volatility emerged in the latter part of trade, as an Indian court decision spread into the market restricting Reliance Industries
123jump.com Staff
21 Jun, 2007
New York City
U.S. regional indicators suggested healthy manufacturing expansion and a slight increase in weekly unemployment claims pushed yields in the bond market to 5.16%. Market averages staged a mid-afternoon recovery and closed up. Oil fell but energy stocks rose nearly 2%. Chipmakers surged on a sharp rise in memory prices in Asia. European markets sold-off on the worries of rising yields. Latin American stocks gained on higher oil and metals prices. Asian markets closed higher.
Elena
21 Jun, 2007
New York City
European stock markets lost ground on Thursday, pressured by renewed concerns about higher bond yields and interest rates. Rate-sensitive real-estate companies were among the most notable decliners, with Land Securities falling 3.5%. Deals also attracted attention. LSE lost 1% after it announced it is in takeover talks with mutually held Borsa Italiana. The German DAX tumbled 1.6%, the French CAC-40 dropped 1%, and the U.K. FTSE 100 lost 0.8%.
Elena
21 Jun, 2007
New York City
U.S. stock averages kept near the flat line in a volatile trading session on Thursday, as concerns about higher bond yields and rising crude oil prices weighed on market sentiment. Crude oil gained 51 cents to $69.34 a barrel, due to a general strike in Nigeria. Exxon Mobil was the most notable advancer among blue chips, posting an advance of 1.6%. In earnings news, Pier 1 Imports fell 3.4% after it reported wider Q1 loss on lower sales and profit margins.
Ivaylo
21 Jun, 2007
New York City
Miners and property developers drag the UK benchmark index lower on Thursday. Increasing U.S. bond yields are darkening the sentiment as they suggest possible rate hikes. Lower copper prices drove Antofagasta and Vedanta down, while Segro and Land Securities Group weighed on the property stocks as they are most sensitive to the rate of borrowing costs, as well as retailers. The benchmark FTSE 100 Index declined 1% in London at mid-day.
Ivaylo
21 Jun, 2007
New York City
With the surge in the prices of computer chips and the robust data on export growth, Asian markets finished mostly higher Thursday. Only markets in Australia and Thaland ended lower from the ten major indexes. Samsung and Toshiba led the gainers in the technology sector, while the permission granted by the Chinese government to local brokerage houses to buy shares overseas lifted Hong Kong.
Ivaylo
21 Jun, 2007
New York City
Volatility was the key characteristics of today
Ivaylo
21 Jun, 2007
New York City
Bond yields worries weighed heavily on European markets in morning trade pulling banking stocks, retailers and insurers lower. Tesco and Marks & Spencer led retailers lower, while Societe Generale and Brit Insurance led the decliners in the insurance sector, with mobile giant Nokia also plunging on a negative broker comment from Golden, Sachs & Co. The German DAX index shed 0.6%, the French CAC-40 index lost 0.7% and the U.K. FTSE 100 index retreated 0.4%.
Ivaylo
21 Jun, 2007
New York City
Wheat prices rose sharply Wednesday as concerns mounted about the fallout from what is widely expected to be a poor harvest. Gold prices fell yesterday despite having risen in recent seccion as U.S. Treasury yields fell. Lower bond yields often give support to gold prices because both are regarded as areas of shelter. Among other commodities, oil and gas declined sharply after weekly domestic inventory figures showed a much stronger build in domestic inventories than investors had expected.
123jump.com Staff
20 Jun, 2007
New York City
In New York trading fall of aveerages accelerated in the last hours on rising bond yields and dragged brokers and banks. Worries related to sub-prime lending problems weakened trading sentiment. Oil retreated from its high, dragged energy stocks. European stocks closed up on takeover speculation. Germany closed at record high. Shanghai fell on three companies, including PetroChina, plan to sell $6 billion of stocks. Hong Kong closed at record for the third day in a row. Real fell in Brazil.
Elena
20 Jun, 2007
New York City
European stock markets finished in the positive on Wednesday, with German stocks reaching a record high, boosted by strength among technology and insurance stocks. Nokia advanced 1.8% after it unveiled a new corporate structure. Infineon Technologies was another gainer in the tech sector, moving up 1.8%. Among insurance stocks, Allianz rose 2.1% amid deal speculations. The German DAX 30 advanced 0.7%, the French CAC-40 gained 0.4%, while the U.K. FTSE 100 edged lower to close at 6,649.30.
