Posts filed under 'Global Markets'
Sans the Nikkei, most other Asian markets are taking a positive breath on Friday morning. The US Markets earlier closed positive with all three major indices closing over 2%
The Taiwan Weighted is trading up by 3.1%. The Jakarta Composite is up 5.81%. Seoul Composite, Straits Times and the NZSE 50 are positive. Nikkei 225 however is down 2.33% followed by Hang Seng and Shanghai Composite and All Ordinaries which are trading in the red. Taiwan’s move to cuts interest rates and joins the other global economies has boosted the sentiments in the market there.
Earlier Thursday, the US Markets saw a positive movement after starting in the green. The Dow last traded at 9,180.69 gaining 189.73 points or 2.11%. The S&P 500 is at 954.09 up by 24.00 or 2.58%. The Tech savvy Nasdaq is at 1,698.52 up 41.31 points or 2.49%.
The US Fed has added $21 Billion to loans for AIG. Oil company stocks Exxon, Shell and Marathon traded in the green after good profit numbers by the sector. All major sectoral indices of the US markets closed in the green lead by Basic Materials, Energy and Transportation.
1 U.S. Dollar = 49.0003 Indian Rupees
1 U.S. Dollar = 0.7776 Euros
1 U.S. Dollar = 0.7776 GBP
1 Ounce Gold = $734.50
1 Barrel Crude Oil = $64.55
Friday, October 31, 2008 9:25:50 AM IST
October 31st, 2008
First it is the Asian stock markets, then similar effect appeared on the European stock markets and the spill had little impact on the US markets, a black friday.
The BSE 30 and Seoul Composite are down over 10.5% followed by Nikkei 225, Hang Seng and Straits Times showing immense selling. The damage is also evident when the European markets opened their trading day. No surprises, all major European indices are ticking anywhere between 4% to 9% in the red.
The US stock markets though didn’t show that much of panic as expected. The Dow Jones Composite Average is down 75 points or 2.45%. The Dow Jones Industrial Average, the DJ Transportation Average, the DJ Utility Average are all down just about 2% each.
The NYSE though should some amount of selling. The NYSE Composite index is down 4%. The NASDAQ 100 is down 2.7%. while S&P 100 is down 3.8%
1 U.S. Dollar = 49.5294 Indian Rupees
1 U.S. Dollar = 0.7945 Euros
1 U.S. Dollar = 0.7945 GBP
1 Ounce Gold = $713.20
1 Barrel Crude Oil = $64.69
Friday, October 24, 2008 8:56:57 PM IST
October 24th, 2008
The US stock markets took a remarkable recovery course in the last two hours of trades only to close mixed. The Asian markets are continuing on the selling pressure on Friday morning trades.
Former Federal Reserve Chairman Alan Greenspan told Congress that he is shocked at the breakdown of the American credit system. Microsoft has announced a better than expected quarter. Energy, Utilities are the favorite stocks while Basic Materials, Conglomerates, Cons. Cyclical and Technology closed in the red.
Dow closed at 8,691.25 gaining 172.04 points or 2.02%. The Nasdaq closed at 1,603.91 down 11.84 points or 0.73%. The S&P 500 closed in the positive at 908.11 by 11.33 points or 1.26%.
The Asian markets are continuing their selling stand. Sony has put up a profit warning while the outlook of most Asian corporates is that a downward slide looks inevitable.
Nikkei 225 at one point is down over 5% but recovered a bit and is down at 4.89% at the moment. Seoul Composite is down over 5.4%. Hang Seng and Jakarta Composite markets are also down in the red.
1 U.S. Dollar = 49.4095 Indian Rupees
1 U.S. Dollar = 0.7738 Euros
1 U.S. Dollar = 0.7738 GBP
1 Ounce Gold = $713.10
1 Barrel Crude Oil = $68.50
Friday, October 24, 2008 8:22:22 AM IST
October 24th, 2008
Yet another day of heavy selling in the Asian and the European markets with almost all major stock indices closing in the red. The Seoul Composite fell 7.48%. FTSE is down little over 1.3%
Asian markets have experience selling spree giving a sense that the investors are going out of the markets for a while. The Asian stocks have reported a 4 year low today with central banks across the region promising to pump in more cash for liquidity.
The Seoul Composite closed down 7.48%. The All Ordinaries fell 180 odd points to close down 4.39%. The Straits Times fell 75.46 points and closed down 4.14%. Other leading losers in the Asian region include BSE 30, Jakarta Composite, NZSE 50 and Hang Seng, all of which are down over 3% each.
The Indian Finance Minister said that SEBI has told FIIs not to lend stocks abroad.
Meanwhile the European region too is witnessing the selling rally. The Madrid General is down 4.79% and DAX and OSE All Share are down over 3%. The markets are witness more down turn as trade volumes begin to increase.
Wolseley said it would be cutting 3000 jobs. Retail sails are reporting to have been hit. The Pound is near the 5 year low mark.
1 U.S. dollar = 0.614779294 British pounds
1 U.S. dollar = 0.77960552 Euros
1 U.S. dollar = 49.4804 Indian Rupees
1 Ounce Gold = $705.30
1 Barrel Crude Oil = $67.73
Thursday, October 23, 2008 4:26:55 PM IST
October 23rd, 2008
The US markets have been hit once again this time the Dow touching the 8510 points mark. Dollar weekened a bit while the Asian markets are taking a red Tuesday.
The Dow closed at 8,519.21 losing 514.45 points or -5.69%. The Nasdaq last traded at 1,615.75 points and is down 80.93 points or -4.77%. The S&P 500 last traded at 896.78 points down 58.27 losing 6.10% at closing bell.
US President Bush has called upon 20 Nations for a Summit on the markets. Job cuts and recession fears are much visible in the US markets as the indices are touching their 5 year lows.
Wachovia swings to $23.7 Billion losses on huge write downs. AIG has announced it will freeze executive payouts.
The Asian markets are taking a bad Tuesday reflecting the US-market mood. The Seoul Composite is down 8.32%. The Nikkei 225 is down over 5%. The All Ordinaries and Hang Seng are down over 4% each. Almost all major Asian indices that have opened are trading in the red.
1 U.S. dollar = 48.8997 Indian Rupees
1 U.S. dollar = 0.7810 Euros
1 Ounce Gold = $724.00
1 Barrel Crude Oil = $67.50
Thursday, October 23, 2008 8:59:44 AM IST
October 23rd, 2008
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