Posts filed under 'Global Markets'
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
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
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