|
|
|
Europe Falls, Asia and S.America Rise
Nov 23, 4:23 PM EST |
|
| World markets continued to move higher on lower energy price and expectations that global merger activities will increase. |
|
| Markets around the world inched higher except in Europe. Canadian, Asian and Latin American markets closed higher on optimistic look on oil and gas price and expected rise in merger activities in the U.S. European markets closed lower for the second day after gaining for a week. Rise in German business confidence to a fifteen year high supported a rise in euro against dollar. In the U.S. next week market awaits GDP growth, construction spending and new and existing home sales. |
|
|
Full Story... |
Oil and Gas Stocks Lead Europe Lower
Nov 23, 3:23 PM EST |
|
| Mobile-phone operator Vodafone Group was among gainers, rising by 1.1%. Scottish oil explorer Cairn Energy's stock advanced 2.7%. |
|
| European stock markets finished mostly in the red on Thursday as weakness in oil and gas companies along with sharp losses for transport stocks dragged down indexes. The French CAC 40 dropped 0.5%, with Air France-KLM posting a loss of 6.5%. Oil-heavy London FTSE 100 closed down 0.3%, with oil majors BP and Royal Dutch Shell losing 0.7%. The German DAX 30 finished flat at 6,476.12, reversing from an earlier rise on the back of upbeat economic data. |
|
|
Full Story... |
Sensex in India Pauses
Nov 23, 10:18 AM EST |
|
| The Sensex on BSE closed slightly lower today in a mixed trading trend weakened by volatilty in late trading. |
|
| Weakness in ICICI Bank in the opening trades saw the Sensex open with a negative gap. Later, Reliance Industries sank and caused the barometer index to slip in the latter part of a highly volatile and range-bound trading. Hero Honda and HDFC Bank surged at the end of the day, while Satyam and Bharti Airtel led the decliners. SBI may revise its grwoth target upwards from the current rate of 30% growth in loans for the current fiscal year. |
|
|
Full Story... |
FTSE Loses Ground
Nov 23, 9:37 AM EST |
|
| London stocks edged lower Thursday on a relatively quiet day as both the US and Tokyo markets remained closed for holidays. |
|
| London leading shares deepened their losses following negative broker comment. Water company Kelda topped the blue chip fallers after Citigroup lowered the shares, while British Land was also down as HSBC cut the property group rating. Tobacco stocks rallied after a European Court of Justice ruling dashed the prospect of cheap tobacco and alcohol being sold over the internet. The FTSE 100 was 13.5 points, or 0.2%, lower at 6,145.8 by mid-morning on Thursday. |
|
|
Full Story... |
Sydney Rises on Bid Talk
Nov 23, 7:35 AM EST |
|
| Asian stocks were mostly higher Thursday, with Australia S&P/ASX 200 rising on gains in Foster's Group Ltd. and Metcash Ltd. |
|
| Japanese markets were closed Thursday for a public holiday. So it was Australia today that made news. Foster''''s and Metcash are likely to be next in line for takeover bids, although Qantas Airways declined a day after surging to a record after the airline announced it was in talks with a private equity group. Hang Seng Index in Hong Kong rose extending gains, while Singapore Straits Times Index advanced 0.4%, furthering gains after setting another record in the previous session. |
|
|
Full Story... |
Europe Slips on Thin Trading
Nov 23, 6:30 AM EST |
|
| European stocks edged lower on Thursday as financial stocks sank and trade was thin and lacked direction. |
|
| With the closure of US and Tokyo markets for public holidays, European stocks declined for a second day. Earnings at Air France-KLM Group, the biggest airline in the region, and KBC Group NV, the second largest financial-services company in Belgium, also disappointed investors. By mid morning, the FTSE 100 in London lost 0.3%, Frankfurt’s Xetra Dax fell 0.1%, and the CAC 40 in Paris shed 0.2%. |
|
|
Full Story... |
Platinum Retreats, Gold Edges Higher
Nov 23, 5:12 AM EST |
|
| Platinum closed lower Wednesday when lease rates declined and traders liquidated, while gold and silver futures gave up early gains. |
|
| On the NYME, platinum has been the big mover in the precious metals lately. Traders have linked the movement to options-related activity and unsubstantiated rumors about a platinum exchange-trade fund. On Wednesday, platinum closed lower, just one day after the January futures nearly hit an all-time high. December gold initially rose but backed off to settle slightly higher. Silver and copper futures settled down, as well as palladium. |
|
|
Full Story... |
1
 |
|
