European equities mostly higher on US economic news

Most European equities markets saw gains Friday on a US Commerce Department report revising last year’s fourth quarter growth up, with the new data showing that the US economy grew by 3.1 percent in the quarter rather than its earlier estimate of 2.8 percent growth. The FTSE 100 added 0.34 percent to 5,900.76 in London, [...]
London markets higher on equities sector recommendation

European equities markets were higher Thursday, as Portugal came closer to asking for a bailout after the Prime Minister there turned in his resignation and Fitch Rating cut the nation’s credit rating to A minus, although Portuguese officials continued to deny that they are getting ready to ask for help. The FTSE 100 was up [...]
World equities markets fall on Japan concerns

European equities markets were lower Tuesday on concerns about nuclear contamination in the wake of three explosions and a fire at the Fukushima nuclear power plant, damaged in last week’s magnitude 9.0 earthquake and the following tsunami in Japan and after Japanese Prime Minister Naoto Kan warned that the danger of larger radiation leaks there [...]
Wall Street ends lower despite rate cut

Wall Street was up right after the Federal Reserve announced on Wednesday that it was cutting its main interest rate by half a percentage point to 3 percent, but the markets ended the session lower. The Dow Jones Industrial Average dropped 0.3 percent to 12.442.83 while the Nasdaq Composite was down 0.38 percent to 2,349 [...]
Hang Seng drops nearly 400 points

Equities markets in the Asia-Pacific region were lower on Thursday on further concerns about US credit markets. The main exception to losses was the Shanghai Composite, which added 0.38 percent to 5,456.54. Australian indices saw the least of the losses as the S&P/ASX200 fell 0.15 percent to 6,078.7 and the Sydney Ordinaries dropped 0.2 percent [...]
Most Asia-Pacific markets drop on US recession worries

Most equities markets in the Asia-Pacific region were lower on Monday as analysts and investor worried about the possibility of recession in the US. Last week, the US Labor Department issued disappointing employment data for December, and reports from the Institute for Supply Management showed that manufacturing had contracted in the month and the service [...]
Asia-Pacific equities mixed on economic concerns

Equities markets in the Asia-Pacific region were mixed on Wednesday after reports that the economies in both South Korea and Singapore are slowing and on the news that the bombing of an army bus in Colombo, Sri Lanka, had killed four. The Straits Times index was 0.61 percent lower to 3,461.22 in Singapore on reports [...]
Global equities drop on inflation fears

Equities markets in the Asia-Pacific region were lower on Monday on fears that growing inflation in the United States will cause the Federal Reserve to hold back on further interest rate cuts at a time when the economy is continuing to slow. The Shanghai Composite was down 2.62 percent to 4,876.76 while South Korea’s Kospi [...]
Asia-Pacific markets decline after UBS takes writedowns

Most equities markets in the Asia-Pacific region saw declines on Monday after Swiss bank UBS (SWX: USBN; NYSE: UBS; TYO: 8657) took $10 billion in writedowns, renewing concerns that losses from the US subprime mortgage crisis have not yet seen their peak. The major exception among losses in the region’s markets was the Shanghai Composite, [...]
Wall Street lower on brokerage downgrades

Wall Street was lower in mid-afternoon trade on Tuesday ahead of next week‘s decision on interest rates by the Federal Reserve. The Dow Jones Industrial average was 0.13 percent lower to 13,297.66 while the Nasdaq Composite was down 0.26 percent to 2,630.22 and the S&P 500 had dropped 0.33 percent to 1,467.62. Declines were limited [...]