Stock Markets
- UBS leads Europe on roller-coaster ride
- UBS (NYSE:UBS) led European shares on a roller-coaster ride on Thursday when growing fears that losses at ailing bond insurers would pummell the banking sector capped the worst yet January for European stock markets. The Swiss wealth manager fell mo...
- Author:Rachel MorarjeeDate:02/01/08Click:7671 Full Story »
- Societe Generale uncovers massive fraud
- PARIS - In what appears to be the largest trading fraud ever carried out by a single person, a young trader at French bank Societe Generale is accused of making unauthorized bets on stock markets that cost the bank nearly $7.2 billion but may not ha...
- Author:EMMA VANDOREDate:01/26/08Click:7670 Full Story »
- Gold, platinum hit record peaks
- LONDON (AFP) - Gold and platinum prices struck fresh record highs on Friday as investors rushed once more to invest in commodities amid a recovery on global stock markets, analysts said. On the London Bullion Market, gold surged to an historic 919.8...
- Author:UnknownDate:01/26/08Click:7670 Full Story »
- European shares extend rally at open
- LONDON (AFP) - Europe's main stock markets continued their recovery in early trading on Friday following steep losses earlier in the week caused by fears of a US recession. London's FTSE 100 index of leading shares jumped 1.35 percent to reach 5,95...
- Author:UnknownDate:01/26/08Click:7677 Full Story »
- Nikkei stock index jumps 4.1 percent
- TOKYO - Japan's benchmark stock index jumped more than 4 percent Friday as traders bought exporter issues on a stronger dollar following reports of a U.S. economic stimulus plan. The benchmark Nikkei rose 536.38 points, or 4.10 percent, to close at...
- Author:UnknownDate:01/26/08Click:7671 Full Story »
- Global shares recover as questions increase
- LONDON (AFP) - Stock markets rose further Friday on the growing view that fraud-linked billion-dollar losses at Societe Generale may have contributed to panic-selling earlier this week and bounced the US central bank into a radical rate cut. Societe...
- Author:UnknownDate:01/26/08Click:7671 Full Story »
- Global markets rally to end rough week
- LONDON - European and Asian markets rallied Friday near the end of a tumultuous trading week as investors took heart from Wall's Street's gains overnight and positive U.S. labor market data. Investors welcomed details of a tax rebate for American c...
- Author:TOBY ANDERSONDate:01/26/08Click:7671 Full Story »
- Wall Street set to extend rebound
- US stocks were expected to rise for the third consecutive session on Friday, repairing more of the damage inflicted in January. A bullish outlook from Microsoft and other upbeat earnings from Caterpillar (NYSE:CAT) and Honeywell (NYSE:HON) helped se...
- Author:Michael MackenzieDate:01/26/08Click:7670 Full Story »
- Auto stocks send bourses higher
- European equities rose on Friday, with recently battered carmakers and technology stocks leading the advance after the US passed measures to stimulate the world's biggest economy. The FTSE Eurofirst 300 was up 1.5 per cent to 1,349.88, Frankfurt's X...
- Author:Neil DennisDate:01/26/08Click:7670 Full Story »
- Wall Street extends rebound
- US stocks were trading higher for the third consecutive session on Friday, repairing more of the damage inflicted in January, and were on course for their first weekly rise this year. A bullish outlook from Microsoft and other upbeat earnings from C...
- Author:Michael MackenzieDate:01/26/08Click:7674 Full Story »
- FTSE loses gains as Wall St stalls
- London equities closed with small losses on Friday, after a lacklustre morning on Wall Street took the shine off the market. Housebuilders were drawn into the late sell-off on renewed concern about the prospects for UK home sales and the recovery in...
- Author:Michael Hunter & Neil DennisDate:01/26/08Click:7670 Full Story »
- Bourses end flat as US equities lose gains
- European equities were little changed on Friday, coming off intraday gains as Wall Street indices lost momentum. Banking stocks fell as investors continued to mull over the implications of the fraudulent activities of Socit Gnrale trader Jrme Kervie...
- Author:Neil Dennis & Michael HunterDate:01/26/08Click:7670 Full Story »
- Investors urged not to panic but to buy on falls
- Investors are being urged to look to the long term - and to buy on weakness rather than panic sell - after a week of high drama in stock markets. A 5.5 per cent fall in the FTSE 100 index on Monday - the biggest drop for the UK since the 9/11 terror...
- Author:Steve LodgeDate:01/26/08Click:7671 Full Story »
- Oil prices shoot above 90 dollars
- LONDON (AFP) - The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said. New York's main contract...
- Author:UnknownDate:01/26/08Click:7672 Full Story »
- The start of the great unwinding
- This is hyperfinance. In the space of five frenetic days, stock markets have plunged and recovered; the US Federal Reserve has cut interest rates to 3.5 per cent; so-called monoline insurers, revealed as a small but vital valve in the financial mach...
- Author:UnknownDate:01/26/08Click:7679 Full Story »
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