Market Updates
Oil Drags Europe Lower
Ivaylo
31 Aug, 2006
Frankfurt
-
Oil prices have recovered to settle above the key $70 a barrel line despite far better than expected inventory data out of the US, mainly on the back of uncertainty over supplies as the UN deadline for Iran to suspend nuclear activities has now been reached. The FTSE 100 in London shed 0.1%, the Xetra Dax in Frankfurt edged down 0.1%, and the CAC-40 in Paris sank 0.2%.
[R]6:30AM European stocks are trading lower Thursday on oil price rise.[/R]
European markets were lower by mid-morning on Thursday. The FTSE 100 in London shed 0.1% to 5,923.8, the Xetra Dax in Frankfurt edged down 0.1% to 5,863.62, and the CAC-40 in Paris sank 0.2% to trade at 5,170.74. On the corporate front, Thales, defence electronics group, gained 1.7% after Safran, aero engine maker, denied speculation it was interested in Zodiac, which Thales had also been linked with. Safran added 0.2%.
L’Oreal, cosmetics group, advanced 3.55 after it topped expectations with a 19.6% rise in first half operating profits, while KBC, banking and insurance group, plunged 5.2% despite a 48% jump in second quarter net earnings. Altadis, tobacco group, fell 1.4% after first half core earnings fell 1%, hit by tax hikes, an anti-tobacco law and a price war in its domestic market.
Oil prices advanced Thursday on concerns about possible supply disruptions as a U.N. deadline on Iran''s nuclear program arrived.
Light sweet crude for October delivery increased 37 cents to $70.40 a barrel on the NYME. Brent crude on London''s ICE futures exchange rose 42 cents to $70.60 a barrel.
Gold opened Thursday at a bid price of $619.40 a troy ounce, up from $617.60 late Wednesday. The euro was at $1.2852 at 10:10 a.m. in London, from $1.2833 late yesterday in New York. The British pound was also at $1.9067 versus the dollar from $1.9025. The U.S. dollar rose to 117.45 yen, the highest since July 19, before slipping back to 117.22 yen, up from 117.13 yen on Wednesday in New York.
[R]5:00AM Gold and silver futures advanced Wednesday, while copper fell.[/R]
Gold for December delivery advanced $7 at $626.10 a troy ounce on the NYME, while December silver gained 34.8 cents to $12.67 an ounce. October platinum added $10 to $1,237.50 an ounce and December palladium rose $2.40 to $345.30 an ounce. The top-traded December copper contract settled down 3.15 cents at $3.3525 per pound.
October crude oil gained 32 cents at $70.03 a barrel. September gasoline advanced 1.27 cents to $1.8019 a gallon and September heating oil rose 0.64 cent to $1.9496 a gallon. September natural gas was off 58.6 cents at $6.290 a million British thermal units. On the New York Board of Trade, September Arabica coffee futures ended up 0.05 cent at $1.0335 a pound. Futures on raw sugar in foreign ports for October finished down 0.36 cent at 11.52 cents a pound.
Annual Returns
Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
---|
Earnings
Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
---|