Posts filed under 'Global Markets'
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 = $67.50
Thursday, October 23, 2008 8:59:44 AM IST
October 23rd, 2008
The stock markets are back into the red with the corporate earning numbers beginning to look bleak. The US markets closed in the red and the Asian markets are taking the hard hit on Wednesday morning.
The Dow lost 231.77 points or 2.50% and closed at 9,033.66. The Nasdaq closed at 1,696.68 losing 73.35 points or 4.14%. The S&P 500 ended at 955.05 losing 30.35 points or 3.08% by closing bell. All major sectoral indices on the US stock exchanges closed in the red.
Yahoo reported its profits are down ads that it will slash its workforce by 10%. Ad revenue weakened, the internet major reported yesterday. Oil prices have dropped by 1$ as demand worries begin to come up.
Meanwhile the Asian markets are taking a hard hit. The Nikkei 225 is down 3.96% with the Yen advancing over Euro. All Ordinaries, Hang Seng, Jakarta Composite and Seoul Composite are all down over 2%. The Straits Times is down 3.34%
1 U.S. dollar = 48.5790 Indian Rupees
1 U.S. dollar = 100.3109 Japanese Yens
1 U.S. dollar = 0.7654 Euros
1 Ounce Gold = $760.90
1 Barrel Crude Oil = $70.25
Wednesday, October 22, 2008 9:48:02 AM IST
October 22nd, 2008
Asian stock markets have taken a positive Tuesday with the BSE ticking up 4.5%. The European markets too have come up positive in the early trades of Tuesday.
The Bombay Stock Exchange that closed up 460.30 points or 4.50% is the stellar performer in the region. It is followed by the All Ordinaries and Nikkei 225, both of which are up over 3.4%. The Shanghai Composite, Hang Seng, Straits Times and Seoul Composite close marginally in the red.
South Korean Government continued its intervention to save its economy. The $4 billion package for the construction industry is the new announcement today. The Japanese Government too is doing its part with an announcement that the bank bailout scheme will also be including top Japanese banks.
The DAX and Madrid General are the two major indices in the European zone that are trading in the red at the moment. The ATX is up 2.88% followed by CAC 40, OSE All Share and the Stockholm General which are all up over 1% each.
The last three trading sessions have showed that the global stock markets have ended in the green, an indication that the time for cheer is around. The Japanese stock markets have contributed about 3.3% for the global stocks uprise. The Dollar has hit a 1 1/2 high and with this, most of the global currencies have been hit.
1 U.S. dollar = 48.7995 Indian Rupees
1 U.S. dollar = 101.2350 Japanese Yens
1 U.S. dollar = 0.7553 Euros
1 Ounce Gold = $776.40
1 Barrel Crude Oil = $72.80
Tuesday, October 21, 2008 5:26:04 PM IST
October 21st, 2008
Following the intermediate rally in the Asian and the European stock markets, the US too stood in the green with the Dow zooming about 413 points. The Asian markets are taking a slow Tuesday morning.
US President Bush said yesterday that the Americans are feeling to begining to see positive about their economic future and that the panic is easing now. The Dow ticked Dow 9,265.43 up by 413.21 or 4.67% by closing bell. The Nasdaq is at 1,770.03 gaining 58.74 or 3.43%. The S&P 500 is at 985.40 up 44.85 or 4.77% when the US markets closed on Monday.
The Asian markets are taking a firm tuesday morning. The All Ordinaries, Nikkei 225 and NZSE 50 are all up over 2%. The Seoul Composite is down 0.91% and Taiwan Weighted is down 0.83%. Both the stock exchanges are now on a recovery course.
1 U.S. dollar = 48.9596 Indian Rupees
1 U.S. dollar = 101.5950 Japanese Yens
1 U.S. dollar = 0.7517 Euros
1 Ounce Gold = $799.00
1 Barrel Crude Oil = $74.78
Tuesday, October 21, 2008 9:58:17 AM IST
October 21st, 2008
Asian and European markets are trading positive on Monday with the almost all major Asian indices managed the day in green. The European markets that have just opened are showing the same level of enthusiasm.
Hang Seng topped the Asian charts with a jump by 768.80 points or 5.28%. Other top Asian indices of the day include Nikkei 225, All Ordinaries and Straits Times all of which closed their day up by at least 3%.
The up trend, according to analysts, is because of the return of the credit confidence in the markets. The Indian central bank, the Reserve Bank of India has slashed the repo rate so as to shield its economy. The South Korean Government says it is ready to do more after the bailout package so as to protect its own economy.
The MIBTel Index is up 322 points or 1.95%. AEX General. OSE All Share are both up over 4%. The FTSE 100 is up 1.96%
1 U.S. dollar = 48.5389 Indian Rupees
1 U.S. dollar = 101.9056 Japanese Yens
1 U.S. dollar = 0.7422 Euros
1 Ounce Gold = $792.90
1 Barrel Crude Oil = $73.61
Monday, October 20, 2008 6:05:24 PM IST
October 20th, 2008
Next PostsPrevious Posts