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Overnight Market News – June 4, 2010

admin — Fri, 04 Jun 2010 14:52:24 +0000

US Non-Farm Payroll Report to Be Released at 12:30 GMT is Expected to Show Increase of 513k Jobs in May, Lowering the Unemployment Rate to 9.8%
UK House Prices Unexpectedly Decline in May, as the Average Cost of a Home Falls 0.4% to GBP 167,570 (USD 245,875)
Canada Adds 24,700 Jobs in May for the Fifth Consecutive Monthly Gain, Unemployment Rate Remains Unchanged at 8.1%
TNK-BP Ltd, a Russo-British Energy Giant Announces that its Subsidiary RUSIA Petroleum Filed For Bankruptcy
EasyJet Plc to Become First Airline to Fit its Fleet With a System to Allow Airplanes to Safely Fly Around Ash Clouds
Agricultural Bank of China to Release Details of USD 30B Initial Public Offering (IPO) Later Today
Crude Oil Stands at USD 74.42 per Barrel
Ethanol Stands at USD 1.60 per Gallon
Natural Gas Stands at USD 4.69 per British Thermal Unit (Btu)
Gold Stands at USD 1,200.50 per Troy Ounce
Dow Jones Industrial Average Rises 5.74 Points (0.06%) to 10,255.28
London FTSE Index Falls 25.52 Points (-0.49%) to 5,185.66
Japan Nikkei Index Falls 13.00 Points (-0.13%) to 9,901.19
Hong Kong Hang Seng Index Falls 6.64 Points (-0.03%) to 19,780.07
Brazil Bovespa Index Rises 1,101.92 Points (1.78%) to 62,942.91

U.S. Unemployment Climbs In June

admin — Fri, 03 Jul 2009 20:10:21 +0000

The U.S. market received another rude awakening yesterday, with reports that unemployment in the United States continued to climb in June, hitting a 26-year high of 9.5% (up from 9.4% in May). 467,000 jobs were lost, far worse than the forecasted 365,000 decline, marking the first time in four months that the number of jobs lost had risen (month-over-month).

Close to 3.5 million jobs have been lost so far this year, 10% more than the 3.1 million lost in all of 2008. The markets reacted by sending the Dow Jones Industrial Average down 2.63%.

U.S. Consumer Sentiment Index Soars

admin — Fri, 29 May 2009 10:45:15 +0000

Figures reflecting U.S. Consumer Sentiment for the month of May stunned economists as they soared past forecasts. In an announcement yesterday, the Conference Board said that its sentiment index climbed to 54.9 from a revised 40.8 last month – a 34.56% increase and the biggest since April 2003. Though economists were expecting the index to rise, they predicted a relatively meager jump to 42. The survey determined that fewer Americans thought jobs were “hard to get”, shoring up anticipation for an economic rebound later this year.

Financial News Summary – May 8, 2009

admin — Fri, 08 May 2009 19:55:03 +0000

- Toyata Motor Corp Sees Wider-Than-Expected Quarterly Loss
- US Jobs Down Less than Estimated Signaling Economic Downturn
- US Banks Raise Capital After Stress Test Results