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Gold and Oil News - September 18, 2007 8:00
Tokyo Rubber Futures Rise by Daily Price Limit as Crude Oil Reaches Record
Tokyo Rubber Futures Rise by Daily Price Limit as Crude Oil Reaches Record Tokyo Rubber Futures Rise by Limit as Crude Oil Reaches Record By Aya Takada Sept. 18 (Bloomberg) — Natural rubber futures in Tokyo, the global benchmark, rose by the daily price limit to the highest in more than a month after crude […]
Banks drag Europe lower
Banks drag Europe lower European equity markets retreated as concerns about the ongoing crisis in money markets dragged banking stocks lower. Source: www.ft.com
Greenspan puts recession odds just above 1-in-3
NEW YORK (Reuters) – Former Federal Reserve Chairman Alan Greenspan said the probability of a U.S. recession was now slightly more than a third, after he earlier in the year put the chances at one-third, The Wall Street Journal reported in its online edition on Monday. Read More…
Stocks poised to open lower (AP)
Stocks poised to open lower (AP) AP – U.S. stocks pointed toward a lower opening Monday, as the market traded nervously ahead of Tuesday’s decision by the Federal Reserve on interest rates. Source: news.yahoo.com
Historic first for crude oil: An $80-per-barrel close
Historic first for crude oil: An $80-per-barrel close Crude oil, the world’s economic lifeblood, closed at more than $80 a barrel last week for the first time. The milestone is symbolic, but the potential of rising oil prices to harm the ability of businesses to expand and consumers to spend is not. ‘It’s Source: c.moreover.com
Wall Street seen opening lower on credit worries (Reuters)
Reuters – Stock futures pointed to a lower open on Monday as embattled British bank Northern Rock's troubles mounted, adding to global credit concerns before an expected U.S. interest rate cut this week. Read More…
Australian stocks: Market lower on Fed
Australian stocks: Market lower on Fed SYDNEY – The Australian share market closed lower today in a relatively uneventful session ahead of the US Federal Reserve’s anticipated interest rate cut tomorrow night. At the 1615 AEST close, the benchmark S&P/ASX200 index fell by 35.4 points to Source: c.moreover.com
Banks remain under fire in London
Banks remain under fire in LondonThe FTSE fell sharply as the fall-out from the rescue of Northern Rock continued to hit the market. Other lenders also suffered from the growing crisis of confidence, fuelled by comments from Alan Greenspan, former chairman of the Federal Reserve, that US house prices were likely to fall “significantly”.Source: www.ft.com
Microsoft suffers stunning EU antitrust defeat
Microsoft suffers stunning EU antitrust defeat BRUSSELS/LUXEMBOURG (Reuters) – Microsoft suffered a stunning defeat on Monday when a European Union court backed a European Commission ruling that the U.S. software giant illegally abused its market power to crush competitors. Source: feeds.reuters.com Stocks, sterling falls as N.Rock woes deepen LONDON (Reuters) – Asian and European stocks […]
CORRECTED-UPDATE 1-S’pore light distillate stocks at 7-wk high
Change Volume LIGHT END STOCKS +477,000 bbls 8.989 mln bbls DISTILLATE STOCKS +1,250,000 bbls 7.749 mln bbls FUEL OIL STOCKS +65,000 bbls 12.974 mln bbls * LIGHT DISTILLATES AT 7-WEEK HIGH – Singapore’s light distillate stocks rose to 8.989 million Read More…
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