Posts filed under 'Global Markets'
While the All Ordinaries surged up by 2.18% while the Seoul Composite is down 2.42%. Nikkei is up 0.5% as exports numbers came out on expected lines
The Asian markets are taking a mixed morning on Monday. The All Ordinaries is up 2.18%.
On the other hand, the Seoul Composite is down 2.42%. The rest of the markets are either marginally in the green or marginally in the red wiith no clear direction yet.
The Japanese Nikkei is up 0.5% as their export numbers have come up on expected lines.
Other Asian markets such as the India’s Bombay Stock Exchange, Jakarta Composite and KLSE Composite are yet to open for the day.
1 U.S. dollar = 48.4801 Indian Rupees
1 U.S. dollar = 101.3890 Japanese Yens
1 U.S. dollar = 0.7466 Euros
1 Ounce Gold = $794.00
Monday, October 20, 2008 7:38:50 AM IST
October 20th, 2008
Most of the Asian markets opened the day in the red but soon recovered. While few indices have corrected by over 3% today, the Nikkei 225 stood out up 2.78%. The European markets are trading in the green with the regulators stepping in with stricter norms.
The Shanghai Composite, Nikkei 225 and the NZSE 50 closed the day in the green while all other major indices closed in the red. The Hang Seng is down 4.44%. The BSE 30 is down 5.73%. The Jakarta Composite is down 4.36%. The South Korean authorities have stepped to defend their makets. The Indian National Stock Exchanse index CNX 100 is down 5.62% today. The CNX IT is down 5.61% and the Bank Nifty is down 5.44%
The European markets are having a reasonably better Friday morning. The CAC 40, DAX are up over 2%. The Swiss Market is up 4.43%. The rest of the markets are in the green except for the ATX which is down 3.15%
1 U.S. dollar = 48.5295 Indian Rupees
1 U.S. dollar = 100.9896 Japanese Yens
1 U.S. dollar = 0.7442 Euros
1 Ounce Gold = $786.50
Friday, October 17, 2008 5:34:22 PM IST
October 17th, 2008
Few positive Quarterly results, particularly of Google, has made the US markets to close in green. However, recession fears are still haunting the Asian stock markets that have opened the Friday morning with a mixed note.
The US Stock market indices have progressively have moved into the positive territory after having a short downtrend in the trades yesterday. Dow is up 4.68%. NASDAQ is up 5.49% and S&P 500 is up 4.25%.
Investors says most of the G7 countries are in recession and this is of concern to the not just the G7 but for the global economy. The present recession feares are the worst since 1970’s. The US and European Union members are meeting to access the current financial turmoil and to plan steps to come out of the situation as soon as possible. US Banks are said to be borrowing a record $437.5 billion per day from Fed.
Google continued to surprise with its profit announcements. The internet search engine gaint reported $1.35 billion profits for the third quarter, up 26% from a year ago. The company is said to have cut down its spending on data centers and new hires and that new recruitments henceforth will be done ‘responsibly’.
The Asian markets are trading mixed and cautiously. Nikkei 225, NZSE 50 and Shanghai Composite are in the green by about 1% whule All Ordinaries, Jakarta Composite, KLSE Composite and Taiwan Weighted index are in the red. The JGB futures have hit 3-month low as Nikkei rebounds.
1 U.S. dollar = 48.4308 Indian Rupees
1 U.S. dollar = 101.1326 Japanese Yens
1 U.S. dollar = 0.7426 Euros
1 Ounce Gold = $806.50
Friday, October 17, 2008 9:54:08 AM IST
October 17th, 2008
Global banks going on a selling spree have hit the European markets today with almost all of them reporting down between 3 to 8%. The US markets opened flat and are trading mixed.
OPEC is holding the extraordinary meeting on October 24 instead of the initially scheduled mid-November.
Nokia reported a drop in its profit by 30% during the third quarter. Sales declined by 5%
Fuel Hedging has forced Southwest Air to post its first loss since 1991.
The worst performers of the day include ATX (down over 8%), OSE All Share (down over 7%), BEL-20 (down 6.%), CAC 40, AEX General, MIBTel (all down over 5%)
The US markets opened the day flat. Dow is marginally in the green while NASDAQ is up by about 1.2%. S&P 500 index is down marginally.
Sectors in the green include Technology, Services, Cons. Cyclical while those in the red include Financial, Cons Non-Cyclical and Basic Materials.
Merrill Lynch reports a loss of 4.4 billion pounds, a number that is considered worse than what analysts have expected.
1 U.S. dollar = 48.3792 Indian Rupees
1 U.S. dollar = 100.2606 Japanese Yens
1 U.S. dollar = 0.7466 Euros
1 Ounce Gold = $801.10
Thursday, October 16, 2008 9:55:57 PM IST
October 16th, 2008
The Asian stock markets, primarily lead by the Nikkei, tumbled today with deep recession fears haunting them. Meanwhile, the European markets opened weak with the British stock markets sliding with banks and commodities getting hit.
The Asian markets opened the day on a weak note and the weakness intensified. The Japanese Nikkei 225 that had a blockbuster session a couple of days ago had seen a knock today as the index lost over 1000 points in a single session today or 11.41%. Other major markets today are Seoul Composite (down over 9.44%), All Ordinaries and the Seoul Composite amongst others.
The Indian stock markets too had a worse session but the markets soon stood out and took a upward turn during the later part of the day. The Bombay Stock Exchanse is down 227.63 points or 2.11. The Realty, FMCG, Consumer Durables and Bankex stook out while the Oil & Gas, Capital Goods, IT, Auto, Power, PSU and Healthcare stocks are down.
The European stock markets are in the red too with the ATX down 4.6%. BEL-20 down 3.8%, Swiss Market down 1.6% and the FTSE 100 down over 2.3%
1 U.S. dollar = 48.4191 Indian Rupees
1 U.S. dollar = 100.4116 Japanese Yens
1 U.S. dollar = 0.7436 Euros
1 Ounce Gold = $835.00
Thursday, October 16, 2008 4:40:46 PM IST
October 16th, 2008
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