Markets closed on eve of May Day
May 1st is May Day and most equity and debt markets across the world closed.
Happy May Day!!
Add commentMay 1st, 2008
Posts filed under 'Global Markets'
US markets close in mixed; Asian markets open in red
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
Add commentApril 29th, 2008
Asian markets largely in the green
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
Add commentApril 25th, 2008
US markets close in red, Asia volatile
The Asian markets are trading volatile in the early hours of opening bell and are slowly gaining strength. Shanghai Composite is up over 1.89% while the rest of the markets are moving marginally between the red and green territories.
Earlier the US Stock Markets had a relatively bad day. The NASDAQ lost 31.1 points down 1.29%. Dow Jones Industrial Average is down 104.79 points and is down 0.82%. The S&P 500 is down 12.23 points or 0.88%.
The most declining stocks on the NASDAQ today are UAL Corporation, Omnicell, Inc., Netflix, Inc., Trubion Pharmaceuticals, Inc. and Bruker Corporation amongst others.
Netflix (NFLX) is down despite a positive Q1 results announcement. Traders and Investors seems to be cautious after Netflix said that increased investments in digital downloads would cut their earnings this year. The script closed at 30.00 (down 9.32 points; down 23.70%) and has a P/E of 30.87.
Add commentApril 23rd, 2008
Asian markets in green on Monday morning
Monday morning is back again. Asian Markets opened this morning in green. Sans the Taiwan stock market which is trading volatile, the rest of Asia is looking strong.
The All Ordinaries crossed the 5600 market and is up over 146 points intraday. Hang Seng is up 2.43%, Nikkei 225 is up 1.29%. Straits Times is up 2%.
So, overall it is green across Asia in the markets that have opened this morning.
1 U.S. dollar = 39.5194436 Indian rupees
1 U.S. dollar = 103.680664 Japanese yen
Add commentApril 21st, 2008