Most equities markets in the Asia-Pacific region were higher on Monday, helped by healthy sales on “Black Friday” in the United States, the traditional beginning of the Christmas shopping season and the traditional day when retailers turn to profit for the year. The exception to gains in the region came on the Shanghai Composite, […]

European equities markets were up Tuesday as they bounced back from Monday’s declines. The FTSE Eurofirst 300 was up 1.16 percent to 1,479.71. Madrid’s IBEX gained 1.03 percent to 15,700 while the Paris CAC-40 was 1.36 percent higher to 5,506.58 and the Dax added 1.58 percent to 7,630.31. Car and truck makers […]

Most Asia-Pacific equities markets were lower on Monday after bank regulators in China instructed banks there to hold back on lending until year’s end. The only major exception was in Australia, where the S&P/ASX200 added 1.13 percent to 6,535.2 and the Sydney Ordinaries gained 1.15 percent to 6,601.3 on speculation that the worst of […]

Asia-Pacific equities market retreated Thursday after Wednesday’s substantial gains as investors worried that consumer spending is slowing in the US. A Commerce Department report said that sales in US department stores was 0.5 percent lower in October, while Macy’s (NYSE: M) predicted that same-store sales could decline in the fourth quarter and cut its […]

Wall Street closed lower on mixed signals concerning the subprime crisis. While Bears Stearns’ (NYSE: BSC) CFO said that his company will take $1.2 billion in write downs in the fourth quarter, less than had been feared, HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) warned that it will have to write down […]

European markets were mixed again Tuesday, with the Dax again being the major decliner with a drop of 0.38percent to 7,777.56. Otherwise, indices saw gains. The FTSE Eurofirst 300 added 0.27 percent to 1,516.42, while the Paris CAC-40 gained 0.06 percent to 5,538.91 and Madrid’s IBEX was up 0.25 percent to 15,814.8. […]

Asia-Pacific region equities markets were down Monday on the expectation that banks will report further losses due to exposure to the US subprime mortgage crisis. The biggest loss among major indices came in Hong Kong, where the Hang Seng dropped 3.88 percent to 27,665.73, a loss of 1,117.68 points on the session. The […]

Wall Street was significantly lower in midday trade on Friday after Wachovia (NYSE: WB) fed concerns about the credit crisis when it said it could write down as much as $1.1 billion just in October. The Dow Jones Industrial Average was 1.18 percent lower to 13,109.48 while the Nasdaq Composite had dropped 2.1 percent […]

Europe’s markets saw declines on Thursday as banks were lower. The FTSE Eurofirst 300 dropped 1.55 percent to 1,570.92. The IBEX was down 0.82 percent to 15,759.6 while the Dax dropped 1.73 percent to 7,880.85 and the CAC-40 fell 2 percent to 5,730.92. Banks were at the top of the loser boards […]