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Aug 31
JEDDAH – Saudi Arabian shares retreated the most in two months, leading a decline in Gulf markets, after global equities fell on concern the global economic recovery is faltering.
The stock benchmark Tadawul All Share Index declined 0.23 percent, closing at 6,018.27 points.
Oil declined for a fifth day.
Tagged as: Amro Halwani, Bank of Japan, cent, Colin McLean, Department of Commerce, DJ Euro Stoxx 50, Dow 30, Dubai Financial Market General, Edinburgh, energy markets, FTSEurofirst 300, fund manager, Hill International Inc., Institute of Supply Management and the ISMs, Jabal Omar Development Co., JEDDAH, manager of the companys, managing director, Manufacturing activity, NASDAQ composite, New York;, Nikkei 225, oil prices;, oil;, pushed buyers, real estate developer, S&P 500, Sabic, Samba Financial Group;, Saudi Arabia, Saudi Basic Industries Corp.;, Saudi Kayan Petrochemical Co., Shuaa Capital PSC, SVM, Topix, trader, trader in Saudi Arabia, United States;, USD;, worlds biggest petrochemical maker -
Global stocks gain ground
Filed under NewsJul 10NEW YORK/LONDON – Global stocks rose on Friday, recording their best week in nearly a year, while oil prices climbed on hopes that US companies will report strong earnings next week.
But investors were still cautious in the run-up to the earnings season, buying US dollars and gold, which rallied more than 1 percent.
Wall Street closed out its best week in a year on Friday, snapping back from a long stretch of selling, as investors looked ahead to the start of the earnings season.
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Global markets extend losses
Filed under NewsMay 26NEW YORK/LONDON – Global stock markets reeled Tuesday, extending heavy losses amid growing fears the European debt crisis threatens a return to recession and a spike in dangerous tensions between North and South Korea.
However, in US, Standard & Poors 500 Index gained 0.38 point, or 0.04 percent, to 1,074.03. The Dow Jones industrial average dropped 22.82 points, or 0.23 percent, to 10,043.75. The Nasdaq Composite Index shed 2.60 points, or 0.12 percent, to 2,210.95.
Tagged as: CAC 40, DAX 30, Dow 30, FTSE 100, FTSEurofirst 300, LONDON;, NASDAQ composite, New York;, Paris;, SMI 20, South Korea;, United States;, Zurich -
May 11
JEDDAH – Gulf stocks jumped the most in five months on Monday after a rescue package worth $1 trillion was hammered out by European Union finance ministers, central bankers and the International Monetary Fund in weekend negotiations.
“Positive sentiment is driving the market up,” said a senior investment manager said. Gains in Gulf markets are “almost entirely” related to the loan package in Europe, he said.
Tagged as: CAC 40, DAX 30, Dow 30, Europe;, European Union;, finance ministers, FT IT All, FTSE 100, FTSEurofirst 300, insurance sector clocking, International Monetary Fund;, JEDDAH, NASDAQ composite, New York;, Nikkei 225, oil prices;, Paris;, resurgent oil prices, Saudi Basic Industries Corp.;, senior investment manager, SMI 20, USD;, with, Zurich -
Stocks hit 7-week highs yen pressured
Filed under NewsMar 13LONDON – Global stocks rose to seven week highs on Friday led by bank shares after talks on US banking reform collapsed, while speculation the Bank of Japan may soon ease monetary policy weighed on the yen.
Oil held its ground above $82 a barrel, poised for a second consecutive weekly increase on views that energy demand would continue to grow and further helped by a generally softer dollar, which also supported gold prices.
Tagged as: Bank of Japan, Bank shares, Barclays;, BGC Partners, BNP Paribas;, China;, Credit Agricole CIB, currency analyst, David Buik, Deutsche Bank;, energy demand;, Europe Equity Funds, FTSEurofirst 300, Japans Prime Minister, JPY, LONDON;, New York;, Obama administration, Reuters;, Senate;, senior partner, Societe Generale;, Stuart Bennett, United States;, USD; -
Stocks down euro above lows before ECB verdict
Filed under NewsMar 5LONDON – World stocks slipped Thursday while the euro held above a recent 9-month low against the dollar as the European Central Bank prepared to announce next steps in stimulus withdrawal after its policy meeting.
The premium investors demand for holding Greek government bonds rather than those of Germany rose while Greek bank shares also rose after Greece announced it had mandated banks for a long-awaited 10-year bond issue.
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European shares rise as banks commods gain
Filed under NewsFeb 27LONDON – European shares rose on Friday at midday, with banking stocks taking the lead and commodity shares tracking higher crude and metal prices.
By 1139 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.4 percent at 1,001.14 points. The index, which gained nearly 26 percent in 2009, is down around 4 percent this year.
“Today is the day the markets have decided to have a rebound. Generally, corporate results have been good and have surprised on the upside in both the top line and the bottom line,” said Mike Lenhoff, chief strategist at Brewin Dolphin.
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Euro declines to 9-month low against dollar
Filed under NewsFeb 13NEW YORK: The euro fell to a nearly nine-month low against the dollar on Friday as questions remained about a rescue deal for debt-stricken Greece and China unexpectedly raised bank reserve levels.
The euro headed for its fifth weekly drop versus the safe-haven greenback as a lack of details in Thursday’s pledge by the European Union to help Athens kept alive fears of a wider euro zone debt crisis.
That sparked a widening in peripheral euro zone government bond yield spreads against German benchmarks and broader concerns trouble in the currency bloc could hurt global economic recovery.
Tagged as: Asia;, Athens, AUD, bank reserves, bank;, China;, CRB, Dow 30, Energy Information Administration, Europe;, European Union;, franc, FTSEurofirst 300, Greece, Japan, Jefferies, lifted bank reserve requirements, NASDAQ composite, New York;, New Zealand;, oil stocks, raised bank reserve levels, Reuters;, Standard & Poor, Swiss National Bank, United States;, USD; -
World stocks dollar gain
Filed under NewsFeb 12NEW YORK: World stocks and the dollar gained on Thursday in a zig-zag session after a deal emerged to help Greece tackle its debt woes, removing some of the uncertainty lingering about a possible sovereign default.
European shares extended the week’s rally to a fourth day as stronger commodity and pharmaceutical shares outpaced a sharp decline in banks, pulled down by uncertainty over details over the rescue plan for Greece. On Wall Street, all three major indexes advanced, also buoyed by data that indicated the US labor market may be healing.
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Banks boost European shares
Filed under NewsFeb 12LONDON – European shares rose Thursday morning for the fourth consecutive session, with banks among the major gainers ahead of a key EU summit which could lay the groundwork for a rescue package of debt-stricken Greece.
By 0925 GMT, the pan-European FTSEurofirst 300 index was up 0.7 percent at 994.04 points. The index is down 4.8 percent this year after gaining nearly 26 percent in 2009.
Tagged as: Australia;, BHP Billiton, BNP Paribas;, CAC 40, China;, Credit Suisse, Director, Eurasian Natural Resources Corporation, euro area finance ministers, Europe;, European Union;, FTSE 100, FTSEurofirst 300, Greece, International Monetary Funds, Justin Urquhart-Stewart, LONDON;, metal prices, National Bank of Greece, Reuters;, Rio Tinto, Seven Investment Management, Standard Chartered, stronger-than-expected bank, USD;, Xstrata
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