European markets see gains on hopes for G-7 meeting

European equities markets were higher Thursday, after it was announced that the G-7 finance ministers will hold an emergency meeting to deal with the economic fallout of last week’s earthquake and tsunami in Japan, and the ongoing nuclear crisis triggered by the disaster. The FTSE 100 added 1.75 percent to 5,696.11 in London, while the [...]
Japan situation, Portugal downgrade hurt European equities markets

Equities markets were lower again in Europe on Wednesday on concerns that conditions at Japan’s Fukushima nuclear power plant are worsening, especially after the European Union’s Energy Commissioner said that the facility is “out of control”, while a downgrade of Portugal’s debt rating to A3 by Moody’s Investors service and disappointing reports on new home [...]
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 [...]
India’s Sensex drops 1,408 points on session

As financial markets in the United States took the day off to celebrate the birthday of Rev. Martin Luther King Jr., equities markets in the Asia-Pacific region plunged on growing worries that the US economy is either already in or will soon enter a recession. Markets in Hong Kong and in India dropped more than [...]
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 [...]
Dow down 1.18 percent at midday

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 to [...]
Banks down in Europe

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 on both the [...]
Telecoms see gains in Europe

Europe’s markets saw gains on Thursday. The FTSE Eurofirst 300 was up 1 percent to 1,565.18. Madrid’s IBEX added 1.02 percent to 15,386, while the Dax gained 1.32 percent to 7,932.44 and the Paris CAC-40 jumped 1.51 percent to 5,760.3. Telecommunications utilities did well on the day after France Telecom (Euronext: FTE; NYSE: FTE) reported [...]
Asia-Pacific equities end week with losses

Asian and Pacific region equities were lower Friday. The Shanghai Composite was 0.12 percent lower to 5,818.05, while in Taiwan the Taiex was down 0.26 percent to 9,611.72. Australian markets declined on losses in the banking and mining sectors. The Sydney Ordinaries fell 0.85 percent to 6,723.3 and the S&P/ASX200 dropped 0.91 percent to 6,706.3. [...]
Wall Street mixed as quarterly reports begin

Wall Street was mixed in midday trade after bad news from Boeing, a forecast on home sales for the year that was revised downward, and warnings from more than one company. The Dow Jones Industrial Average was 0.74 percent lower to 14,060.32 as it lost nearly all of the 120 points it gained on Tuesday, [...]