Posts filed under 'Global Markets'
The Asian markets are trading largely in the green territory. Nikkei 225 is up 1.26% while other markets except for the Shanghai Composite, KLSE Composite and NZSE 50 are trading in the green. Trouble times continue to haunt the Shanghai Composite as the index is down over 3.13% today. Japanese Government Bond 10-yr yield hits 9-mth high before auction. Inflation fears are everywhere and very prominently visible in the Asian markets.
1 U.S. dollar = 103.252452 Japanese yen
1 U.S. dollar = 0.634517766 Euros
1 U.S. dollar = 42.6093996 Indian rupees
May 27th, 2008
The US Stock markets are in the red this morning. NASDAQ is down by about 12.1 points while Dow Jones Industrial Average is down 87.85 points.
The advancing stocks list of NASDAQ includes Vanda Pharmaceuticals Inc. (VNDA), Scopus Video Networks Ltd. (SCOP), INX Inc. (INXI), Albany Molecular Research, Inc. (AMRI) and STEC, Inc. (STERC)
Vanda zoomed by 26.84% with a volume of 1,790,789 shares traded (As of 5/5/2008 12:06:55 PM). The biopharmaceutical company recently reported a narrower than expected Q1 losses. The upside moved today is after news broke out that analysts are expecting Vanda’s schizophrenia drug Fanapta to win FDA approval. The decision of FDA is expected to come out in July.
1 U.S. dollar = 105.11931 Japanese yen
1 U.S. dollar = 0.6472073 Euros
May 5th, 2008
May 1st is May Day and most equity and debt markets across the world closed.
Happy May Day!!
May 1st, 2008
The American markets had a mixed day on Monday. NASDAQ lost points for the first hour of trade before taking a reveral route. The reverse course continued for almost till the end before which the index reversed and closed the day a mere 1.47 points up. Dow Jones Industrial Average closed in the red losing 20.11 points. The S&P 500 lost 1.47 points.
Mars, the makers of M&M’s has announced it is interested in acquiring the chewing gum company Wm. Wrigley Jr. Company for about $23 Billion. Warren Buffett seems to be joining hands with Mars to make the later America’s gaint food company.
Wm. Wrigley Jr. Company (Public, NYSE:WWY) closed the day at 76.91 up by +14.46 (23.15%). The script has a P/E of 33.77
Meanwhile, the Asian markets opened the Tuesday morning in the red. All Ordinaries is down 3.5 points. Straits Times, Seoul Composite and Taiwan Weighted too are marginally in red. The oil prices are the most watched after its price touched near $120 a barrel.
1 U.S. dollar = 104.101603 Japanese yen
1 U.S. dollar = 40.0496616 Indian rupees
April 29th, 2008
The Asian stock markets are trading largely in the green territory. Except for the All Ordinaries, Hang Seng, Jakarta Composite and Taiwan weighted index which are in the red, the rest of Asia is sounding okay.
Earlier the US markets closed the day the green. The Dow is up 0.67%, NASDAQ is up 0.99% and S&P 500 is up 0.64%
USD-Euro: 0.637
USD-Yen: 104.020
USD-GBP: 0.507
April 25th, 2008
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