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Global Markets Close Higher
Sep 04, 4:38 PM EDT |
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| Oil dropped 2.1% in London trading. Markets around the world closed higher on Monday. |
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| Markets around the world continued their climb on first day of trading this week. Asian markets were led higher by a sharp advance in Japan, Taiwan, India and Indonesia. Exporters led the advancers in Japan. European markets closed higher led by mining and defense stocks. Oil fell 2%, but Norway and Russia closed higher. Brazil and Mexico gained 1% at close. South Africa closed to a new high. |
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Resources Stocks Boost Europe
Sep 04, 12:47 PM EDT |
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| U.K. defense contractor BAE Systems rose 1.5% on news the company is expected to recommend the sale of its 20% stake in Airbus to co-parent EADS. |
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| European stock markets finished higher, boosted by strong gains from resource companies which helped offset some mixed corporate news. Among leading miners, BHP Billiton gained 1.4%, Rio Tinto rose 1.8%, and Anglo American jumped 3.8%. The German DAX 30 closed up 0.6%, the French CAC 40 advanced 0.4%, and London FTSE 100 rose 0.6%. |
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India Up 27%
Sep 04, 9:40 AM EDT |
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| The markets rallied all day supported by firm Asian markets. For the year, the Sensex index is up 27%. |
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| The Sensex finished vey near the psychological 12,000 level, after reaching highs at regular intervals today. BSE and NSE indexes rose 1.2%. News that the government may not place a ban on participatory notes also brightened trading. Tata Motors and Maruti led the advance, while Hero Honda declined the most. Indian governemet allows duty wheat shipment from private companies. |
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Asia Climbs on U.S. Job Growth
Sep 04, 7:32 AM EDT |
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| Asian stocks were higher Monday, with indexes in Taiwan and Japan leading the advance on tech stocks. |
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| The advance was broad-based with tech stocks as Nikon and Canon jumping after a strong U.S. jobs report on Friday eased concerns of further interest rate hikes. Japanese stocks were also supported by data showing capital spending by Japanese corporations surged 16.6% in the April to June quarter from a year ago. |
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Europe Starts Week Higher
Sep 04, 6:42 AM EDT |
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| Europe started the week slightly higher Monday reacteing to the larger than expected increase in US jobs on Friday. |
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| European shares traded higher on Monday, lifted by a higher U.S. close on Friday, as investors observed some mixed corporate news on the U.S. Labor Day holiday. The increase in U.S. jobs suggests that the Fed will find it harder to hike rates, at least in the near term, which boosted the markets. The U.K. FTSE 100 index rose 0.1%, the German DAX Xetra 30 index gained 0.4% and the French CAC-40 advanced 0.2%. |
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Silver, Copper Rise, Gold Declines
Sep 04, 5:28 AM EDT |
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| Copper prices made modest gains on Friday while gold and silver futures ended slightly mixed after early weakness. |
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| Copper prices gained slightly on Friday in spite of the end of a strike by miners in Chile, as traders settled positions before the three-day Labor Day weekend. Gold and silver futures closed slightly mixed after early weakness. Some of the rebound was linked to a reluctance to be short before the weekend, due to some of the ongoing tensions in the Middle East. |
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