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Shares and Markets - June 5, 2011 15:56
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 […]
European Major Currencies Fall Against The Stronger Dollar
European currencies were under pressure Monday 23rd May against the US Dollar as the greenback looked set to turnaround the decline it made into the close of last week. With the Euro and British Pound trading down over 100 cent and pence respectively by time the US session got underway. With the single European currency […]
Gold and oil climb as dollar rally stalls
Gold and oil prices were higher in late Thursday (March 30) trade as investors took a renewed interest in commodities following an early week rise in the value of the US dollar. One ounce of gold currently fetches $1,425.90 in late night New York GLOBEX trade. This is up over $7 from Tuesday’s close at […]
Dollar surges to start the week
The US dollar is much stronger to start the trading week as Americans are becoming more optimistic about the economy and speculators are watching inventory levels on crude oil and other commodities. The dollar is significantly higher against major currency counterparts in early Tuesday (March 29) morning New York currency trading. One euro currently nets […]
Gold sets new standard at $1,447
Gold prices soared to a new intraday record high during Thursday’s (March 24) trade on the New York NYMEX. The precious metal traded as high as $1,447 before falling to a closing price of $1,430.80. Wednesday’s closing price in New York established the new record high closing price at $1,438.60. The current gold spot rate […]
Oil prices fall in aftermath of Japan devastation
Oil prices are trading well below $100 as the news following Japan’s 8.9 earthquake last week continues to get worse. The Japanese government continues to advise of possible nuclear meltdowns and has made multiple mentions of radiation concerns around the northeast Japan region. One barrel of light sweet crude oil futures trades at $98.67 in […]
Oil prices drop below $100 on Japan earthquake, OPEC
A major 8.9 earthquake and tsunami struck Japan overnight in the United States, Friday afternoon in Northeast Asia. Japan is the third largest consumer oil and the emotional response from speculators quickly knocked light sweet crude futures below $100. In early Friday morning New York NYMEX trade, crude futures are worth $100.05 per barrel The […]
Oil prices continue higher as $5 gas talk heats up
Discussion of possible $5 per gallon gasoline prices for the busy summer driving season is on the rise as oil prices continue to move upward. One barrel of light sweet crude oil futures is down $.09 to $104.93 in early Wednesday (March 9) morning trade on the New York NYMEX. Reports on crude inventory levels […]
Euro nears $1.40 as global tensions soften
Major financial markets are reacting early Thursday (March 3) morning to word from the Arab League that it is seeking ways to end the crisis in Libya. Heightened revolution and political tension in the Middle East has dominated global news during the last few months. It has also impacted speculation in many investment markets.
Gold Soars To Record High
Gold prices reached new heights on Tuesday (March 1) as increasing global political tension and buying in China helped drive speculation. After an intraday move just over $1,435, gold closed Tuesday’s traded at a record closing price of $1,433.20. One ounce of gold currently fetches $1,432.50 in early Wednesday morning New York NYMEX trade. According […]
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