|
|
|
Late Rally in Financials, Metals Fall
Sep 05, 5:21 PM ET |
|
| Commodities and crude oil continue to decline with the most metal prices falling between 2% and 3%. |
|
| U.S. stocks recovered at close on a strength in financial stocks. Unemployment rose in August to 6.1%, a five-year high. European markets closed lower and Russia declined the most with a loss of 4%. Brazil, the lone gainer in the Latin markets closed higher after the benchmark index fell for four days in a row. A sharp drop in metals and commodities prices dragged Peru, Chile and UK. Nokia fell as much as 12% after it guided lower third quarter market share. |
|
|
Full Story... |
Weekly Drop of 6.6% in Tokyo
Sep 05, 4:38 PM ET |
|
| Sumco Corp. led decliners in the Nikkei 225 index shares with a fall of 11.26% followed by losses in Nippon Meat Pack of 9.55%. |
|
| Stocks in Japan fell on the worries that weak global markets and rising commodities prices will lower exports and earnings of local companies. That economic view was reinforced by 7.6% decline in capital spending in the second quarter. Steelmakers and exporters fell sharply. Finance ministry reported a decline in reserve of $7.9 billion to $996 billion and stated that it held 24.6 million ounces of gold. |
|
|
Full Story... |
Commodites Drag UK, Financials Drop in Europe
Sep 05, 3:46 PM ET |
|
| A sharp drop in commodities and crude oil prices dragged market index in UK lower. Financials dragged Swiss and French markets lower. |
|
| UK stocks fell 2.3% after commodities and crude oil prices in the region declined. Informa rejected a lowered offer from a consortium of private equity investors and held out for a higher offer. The troubled mortgage lender HBOS plc is exploring a possible sale of its Australian units. Johnson Matthey led decliners in the FTSE 100 index shares with a fall of 8.5% followed by losses in Kazakhmys Plc of 8.2%, in Eurasian Natural of 7.6%, in Ferrexpo Plc of 7.1%, and Antofagasta of 7%. |
|
|
Full Story... |
Nuclear Deal Hurdles, Stocks Fall
Sep 05, 4:44 PM ET |
|
| Inflation at the end of the last week edged lower to 12.34% from 12.4% at the end of the previous week. |
|
| Stocks in Mumbai dropped sharply as new information emerged on nuclear deal with the U.S. The Bush administration has conditioned that the supply of the nuclear material will halt if India lifted its moratorium on nuclear tests. The condition violated sovereign right of India to test and BJP and other opposition parties immediately demanded resignation of the prime minister. Financial, realty and telecom stocks fell as weak closing of the global markets dragged the index 2.8% lower. |
|
|
Full Story... |
Unemployment at 6.1%, Oil, Metals, Stocks Fall
Sep 05, 11:24 AM ET |
|
| U.S. stocks fell for the second day in a row dragging indexes lower in Europe and South America. Copper, soybean and wheat drop more than 3%. |
|
| U.S. benchmark indexes fell between 1% and 2% after the release of August unemployment data. The jobless rate increased to 6.1% from 5.7% and number of people unemployed increased by 84,000. Stocks fell quickly as crude oil and metals declined. Stock indexes around the world fell, as investors showed aversion to risk. Russian market and currency fell sharply after investors flee Russia on continued fall in commodities prices and an ongoing conflict with Georgia. |
|
|
Full Story... |
July Trade Deficit, Stocks Fall
Sep 04, 9:15 PM ET |
|
| The Australian dollar fell 1% to 83.2645 U.S. cents after the release of a surprise trade deficit in July. |
|
| Stocks in Australia fell after it reported a trade deficit in July, surprising the most analysts. The ASX 200 index fell 1.6% or 80.50 too 4,979.50. The Australian Bureau of Statistics reported today that trade deficit in July was A$34 million or A$717 million ($595 million) on a seasonally adjusted basis after trade balance in June was revised to a surplus of A$351 million. |
|
|
Full Story... |
Telecom, Shippers Fall in HK Trading
Sep 04, 7:54 PM ET |
|
| China Cosco tumbled 6.2% to HK$12.40 and China Shipping Development fell 5.1%. |
|
| Stocks in Shanghai and Hong Kong traded mixed. Telecom stocks declined. In Hong Kong trading Hang Seng Index fell 0.91% or 198.58 to 20,389.48 and in Shanghai trading CSI 300 Index rose 0.2% or 5.18 to 2,251.15. National Tourism Administration said China’s tourism revenue crossed Rmb1 trillion for the first time to reach Rmb1.09 trillion in 2007. Shipping lines dropped after the Baltic Dry Index slid 4.9% yesterday on speculation that demand for raw materials from China will fall. |
|
|
Full Story... |
Shipping Lines, Stocks in Tokyo Fall
Sep 04, 7:21 PM ET |
|
| In August, Honda U.S. sales rose 1.7% to 1.08 million units and Toyota Motor sales fell 7.8% from a year ago to 1.6 million units. |
|
| Stocks in Japan fell on weak tech and commodities sectors. Honda sales in the U.S. rise as Asian car makers increase market share in August. In Tokyo trading Nikkei 225 fell 1.04% or 131.93 to 12,557.66, and the broader Topix Index fell 1.6% or 18.90 to 1,201.65. Asian auto makers increased their U.S. market share in August to 47.3%. Shipping lines also declined as the Baltic Dry Index plunged 5% yesterday on worries China’s imports of iron ore will fall. |
|
|
Full Story... |
U.S. Indexes Fall 3%, World Markets Follow
Sep 04, 5:13 PM ET |
|
| The weakness in the U.S. benchmarks quickly spread to markets in Europe and in Latin America. Most markets fell between 3% and 4%. |
|
| The U.S. benchmark indexes fell 3% on weaker than expected retail stores and a surprise increase in unemployment claims. Of the stocks in the S&P 500 index, 475 declined and 22 increased. Nearly 50% of the stocks in the index dropped more than 3%. Markets in Europe, South America and Canada dropped sharply as well. The ECB and BoE left key lending rates unchanged but Sweden increased its rate. Brazil led the decliners in Latin markets for the fourth day in a row and fell 4%. |
|
|
Full Story... |
BoE, ECB Rates On Hold
Sep 04, 5:02 PM ET |
|
| The Bank of England and the ECB left key rates unchanged at 5% and 4.25% respectively. Sweden increased its key lending rate. |
|
| The ECB and the BoE left key rates unchanged. Central bankers in the region are fighting rising inflation and falling growth rates. Economies in the euro-zone and in UK are facing recessionary trends and a decline in retail sales. Sweden raised its key lending rate by 0.25% to 4.75% to combat rising inflation in food and energy prices. The U.S. dollar rose against euro and British pound after the rate decision. |
|
|
Full Story... |
 |
|
