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 [...]
Wall Street sees midday gains

Wall Street was up in early afternoon trade after declines earlier in the day. The Dow Jones Industrial Average added 0.17 percent to 13,545.43, while the Nasdaq Composite gained 0.81 percent to 2,747.17. And the S&P 500 was 0.23 percent higher to 1,504.04. In the pharmaceuticals sector, Merck (NYSE: MRK) added $1.21 to $54.32 after [...]
European car, truck makers gain on bids rumors

European markets were mixed Thursday, with more losers than gainers. The gainer was Madrid’s IBEX, which added 0.5 percent to 15,507.1. Elsewhere, the pan-European FTSE Eurofirst 300 was down 0.78 percent to 1,572.92. In Frankfurt, the Dax dropped 0.8 percent to 7,921.4. The Paris CAC-40 fell 0.89 percent to 5,767.24. Truck maker Man (FWB: EDF1) [...]
European markets mixed to end week

Europe’s equities markets were mixed Friday. The Dax added 0.09 percent to 8,041.26 in Frankfurt, while Madrid’s IBEX jumped 1.07 percent to 15,261.3. On the other hand, the FTSE Eurofirst 300 was 0.08 percent lower to 1,598.14 while the Paris CAC-40 dropped 0.32 percent to 5,843.95. EADS (Euronext: EAD; FWB: EAD) did the best on [...]
Miners lead gains in London

Miners led the way in London as the FTSE 100 added 0.73 percent to 6,595.8 and the FTSE 250 gained 0.18 percent to 11,390.4. Anglo American (LSE: AAL) was up 2.92 percent to £33.43 and Antofagasta (LSE: ANTO) was 3.25 percent higher to 826p, while Kazakhmys (LSE: KAZ) turned in the best performance on the [...]
Asia-Pacific markets in mixed trade

Shares in the Asia-Pacific region were mixed Wednesday. Gainers included Taiwan’s Taiex index, which was 0.8 percent higher to 9,700.07. The Kospi index was up 2.62 percent to 2,014.09 in South Korea, while the Shanghai Composite gained 2.64 percent to 5,552.3. In India, the Sensex was up 2.99 percent to 17,847.04. Australia’s S&P/ASX200 traded even [...]
Tokyo mixed on consumer finance sector declines

Equities markets in the Asia-Pacific region were mixed Thursday, but most managed gains. In Singapore, however, the Straits Times index dropped 1.17 percent to 3,552.46. India’s Sensex was 0.15 percent higher to 16,347.95, while the Kospi index gained 0.33 percent to 1,908.97 in South Korea. The Hang Seng added 0.57 percent to 25,701.13 for another [...]
Steel higher in Europe

The FTSE Eurofirst 300 was 1.02 percent higher to 6,363.9 as European markets made gains on Thursday. Madrid’s IBEX gained 0.7 percent to 14,077.8, the Dax added 0.84 percent to 7,535.97, and the Paris CAC-40 was up 1.05 percent to 5,565.97. Steel-related shares were higher. ThyssenKrupp (FWB: TKA; LSE: THK) gained 1.97 percent to €40.87, [...]
Tokyo markets lower on political upheaval

Asia-Pacific equities markets were mixed Wednesday. Gainers included the Taiex index in Taiwan, which added 0.17 percent to 9,018.12. The Straits Times index gained 0.33 percent to 3,506.09 in Singapore, while the Shanghai Composite was 1.15 percent higher to 5,172.63 and Hong Kong’s Hang Seng was up 1.49 percent to 24,310.14. On the other hand, [...]
US jobs data hurts Asia-Pacific markets

Equities markets in the Asia-Pacific region were mixed on Monday, with losers outnumbering gainers. Many markets were hurt by news that there were fewer jobs in the United States in August as well as on new data showing that Japan’s economy contracted by an annualized rate of 1.2 percent in the second quarter of the [...]