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Overnight Market News – December 16, 2009

admin — Wed, 16 Dec 2009 12:26:32 +0000

Australia Records Third-Quarter Economic Growth of 0.2% from an Expansion of 0.6% in Q02 2009
Abu Dhabi Investment Authority Files Claim to Abort Agreement to Purchase USD 7.5B Worth of Citigroup Inc Shares
UK Jobless Claims Fall by 6.3k to 1.63mm in November, First Decline Since February 2008
European Central Bank to Lend Banks EUR 96.9B in its Final Twelve-Month Tender, Exceeding Economists’ Forecast of EUR 75B
Crude Oil Stands at USD 71.50 per Barrel
Ethanol Stands at USD 1.85 per Gallon
Natural Gas Stands at USD 5.56 per British Thermal Unit (Btu)
Gold Stands at USD 1,134.60 per Troy Ounce
Dow Jones Industrial Average Falls 49.05 Points (-0.47%)
London FTSE Index Rises 36.56 Points (0.69%)
Japan Nikkei Index Rises 93.93 Points (0.93%)
Hong Kong Hang Seng Index Falls 202.18 Points (-0.93%)
Brazil Bovespa Index Falls 38.59 Points (-0.06%)

Overnight Market News – October 8, 2009

admin — Thu, 08 Oct 2009 14:16:44 +0000

Australia’s Jobless Rate Falls to 5.7% in September from 5.8% in August, Exceeding Analysts’ Forecasts for a Rise to a 6-Year HI of 6%
Alcoa Inc Posts Earnings Excluding One-Off Charges of USD 0.04 per Share, Trumping Analysts’ Expectations for a Loss per Share of USD 0.09
Lloyds Banking Group PLC Mulls GBP 15B (USD 24B) Rights Offering to Exit UK Government’s Asset Insurance Programme
US Department of Justice to Probe IBM Corp’s Mainframe Computer Market Conduct on Allegations of Antitrust Practices
European Central Bank, Bank of England Poised to Hold Key Interest Rates at Record LOs of 1% and 0.5% Respectively
Crude Oil Stands at USD 69.57 per Barrel
Ethanol Stands at USD 1.88 per Gallon
Natural Gas Stands at USD 4.90 per British Thermal Unit (Btu)
Gold Stands at USD 1,043.30 per Troy Ounce
Dow Jones Industrial Average Falls 5.67 Points (-0.06%)
London FTSE Index Rises 32.62 Points (0.64%)
Japan Nikkei Index Rises 32.87 Points (0.34%)
Hong Kong Hang Seng Index Rises 251.31 Points (1.18%)
Brazil Bovespa Index Falls 32.31 Points (-0.05%)

Overnight Market News – September 3, 2009

admin — Thu, 03 Sep 2009 15:20:25 +0000

Organization for Economic Cooperation and Development (OECD) Sees Faster Global Recovery This Year, Anticipates Economic Contraction for G7 Nations of 3.7% in 2009 vs Prior Forecast of 4.1%
European Central Bank Expected to Raise Economic Forecast and Hold Key Interest Rate at Record LO of 1% Following Today’s Meeting
European Union (EU) Begins Probe into Oracle Corp’s Takeover Bid for Sun Microsystems Inc Citing “Serious Concerns” in Database Market
Japanese Drugmaker, Dainippon Sumitomo Pharma Co to Purchase Sepracor Inc for USD 2.6B as it Moves to Penetrate US Pharmaceuticals Market
Liquor Maker, Pernod Ricard SA Posts 13% Rise in Full-Year Earnings to EUR 1.35B on Reduced Costs and Absolut Vodka Acquisition
Orascom Construction Industries Q02 2009 Net Income Declines 58% to USD 102.4mm After One-Off Writedown and Worse-Than-Expected Performance of Grains Business
Crude Oil Stands at USD 68.05 per Barrel
Ethanol Stands at USD 1.64 per Gallon
Natural Gas Stands at USD 2.72 per British Thermal Unit (Btu)
Gold Stands at USD 976.60 per Troy Ounce
Dow Jones Industrial Average Jones Industrial Average Falls 29.93 Points (-0.32%)
London FTSE Index Falls 2.21 Points (-0.05%)
Japan Nikkei Index Nikkei Index Falls 65.82 Points (-0.64%)
Hong Kong Hang Seng Index Hang Seng Index Rises 239.68 Points (1.23%)
Brazil Bovespa Index Falls 429.24 Points (-0.77%)

European Industrial Production Plummets

admin — Sun, 14 Jun 2009 06:22:05 +0000

European Industrial Production plummeted 21.6% in April (year over year), its biggest decline on record, as the global downturn wiped out demand for the region’s goods. Month-on-month, production fell 1.9%, far exceeding economists’ projection for 0.4% decline.

The report contrasts news from other economies, such as China, where industry output rebounded to 8.9% in April. It is hoped that the European Central Bank’s plan to buy bonds will help to improve the flow of credit and revive the economy.

Gloomy Outlook For The Eurozone Economy

admin — Fri, 05 Jun 2009 21:12:25 +0000

The European Central Bank (ECB) has expressed a rather gloomy outlook for the eurozone economy for the year 2009. The Bank predicted that the countries’ economy will contract between 4.1% and 5.1% this year, worse than previously expected.

In addition, the ECB announced that next month it would start to implement its “quantitative easing” policy through which it will purchase EUR 60B worth of corporate bonds in an effort to increase the quantity of money in the economy. Interest rates will remain at 1%.

Overnight Market News – June 4, 2009

admin — Thu, 04 Jun 2009 11:39:23 +0000

Organization of American States (OAS) Ends Cuba’s Suspension After 47 Years, Outlines Conditions for Re-Entry
Dealers Oppose Chrysler Llc’s Request to Terminate Franchise Agreements, Ruling Likely Today
Wal-Mart Stores Inc to Create 22,000 New Jobs in 2009 as Part of Expansion Plan in the US
Japanese Companies Cut Spending on Plant and Equipment by a Record 25.3% in Q01 2009, Emphasizing the Depth of Contraction During the Period
European Central Bank (ECB) to Leave Key Interest Rates at 1%, Will Announce Bond Purchase Plan Details
UK House Prices Unexpectedly Jump 2.6% in May Over April, Trend Still Uncertain
Crude Oil Stands at USD 66.12 per Barrel
Ethanol Stands at USD 1.84 per Gallon
Natural Gas Stands at USD 3.77 per British Thermal Unit (Btu)
Dow Jones Industrial Averages Falls 65.59 Points (-0.75%)
London FTSE Index Rises 24.17 Points (0.55%)
Japan Nikkei Index Falls 72.71 Points (-0.75%)
Hong Kong Hang Seng Index Falls 73.70 Points (-0.40%)
Brazil Bovespa Index Falls 1,912.89 Points (-3.54%)

Financial News Summary – May 7, 2009

admin — Thu, 07 May 2009 18:49:13 +0000

- European Central Bank Cuts Interest Rates to 1%
- Anheuser-Busch InBev Inc Finds Buyer For South Korean Unit
- General Motors Corp Loses Another USD 6B