Shares and Markets
Shares and Markets - June 16, 2011 13:06
Stock Markets Closed Lower on Wednesday on Disappointing Economic Data
US stock markets remained bearish on Wednesday as investors sold their position on weaker US economic data. US industrial production increased 0.1 percent in last month while analysts were expecting the increase of 0.2 percent. Dow Jones Industrial Average declined 1.48 percent or 178.84 points to 11,897.27 on Wednesday. Standard & Poor’s 500 index slipped [...]
Dow Jones Makes Further Declines On Weak Payrolls Data
The Dow Jones Index made further declines at the end of this week closing on Friday near 100 points down at 12,151.26. The Non Farm Payrolls report showed the weakest growth in jobs since last September and a rise of 0.1% in unemployment since April. This triggered heavy selling early in the day across the [...]
FTSE Falls on Bearish Sentiments at Mining Sector
FTSE 100 index declined below 6,000 levels on Tuesday as all the mining sector stood in red zone. Despite negative sentiments at London Stock Exchange stocks in travel, healthcare and defense industry posted high capital gains. The FTSE 100 index declined 1 percent to 5,994.12 on Tuesday’s midday trading. Other European stock markets indexes such [...]
FTSE 100 Gains mainly led by Mining Sector
London’s FTSE 100 index surged 0.5 percent or 30 points to 5,962 in start of the session on Wednesday. The surge was mainly triggered by bullish sentiments from US and Asian stock markets. The index however closed 0.27 percent or 16.13 points up to 5,948.30 for the day. Mining sector stocks were major performers at [...]
Stocks Decline Globally on Oil Price Hike
Stock exchanges remained bearish globally as the crude oil reached its highest in 2.5 years on Wednesday triggered by escalating riots in Middle East in Libya. Investors are shifting towards base metals such gold and risk free government bonds due the shortage of global oil production which has created worries about economic recovery. In Asia, [...]
Dollar flounders despite strong Apple, IBM earnings
Despite strong quarterly earnings reports from tech giants Apple and IBM, the dollar remains weak across the board.
Some Encouraging Gains For Todays Market
Mining and oil firms have helped give the FTSE a powerful start this morning with the market presently up 1.60% at 4901. BP has made good gains along with a collection of mining companies including Xstrata and Antofagasta. Favourable results for Punch Taverns has seen their price rise whilst results for PartyGaming have been mainly [...]
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