The yen rose against the dollar yesterday as investors continued their hunt for clues on when policy makers may taper the economic stimulus sending Japan’s Topix index spiralling down to its biggest two-day drop in nearly four months. The carmaker Nissan Motor Co., which gets over a third of its revenue from North America, fell […]
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Over the last five years the job market has been on its slowest recovery in decades, but it has kept share prices into an extended bull run with $14 trillion having been restored to the market. Big companies’ reluctance to hire new staff is expected to propel the Standard and Poor’s 500 Index into its […]
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The Dow Jones Industrial Average had its first close over 16,000 as U.S. stocks rose on data showing an improved job market causing some companies to announce a repurchase of shares. More specifically, Union Pacific, Johnson Controls and Ace gained at least 1.4 percent. Micron Technology Inc. jumped 6.3 percent, the most since August. General […]
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The Chicago Board Options Exchange Volatility Index (VIX) has just received a $13 million investment from a single investor in call options forecasting that the gauge will jump 88 percent by the first quarter next year. According to Trade Alert LLC, an unnamed investor bought approximately 100,000 VIX March calls, placing the contracts on the […]
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As American Airlines (AAMRQ) and US Airways Group Inc. (LCC) have been finalising the details of their mergers, American stocks exchanges and indices have been battling it out on gaining the new listing, with Nasdaq emerging victorious at the end, a huge victory after the index recently failed to secure Twitter Inc. (TWTR)’s Initial Public […]
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The Japanese Nikkei 225 Stock Average risks a precipitous drop of about 20 percent to 12,000 unless the government can convince investors of the success of its economic stimulus plans, according to the leader of Japan equities, Nomura Holdings Inc. (8604). The Nikkei index increased 2.1 percent to 14,876.41 as the trading day closed in […]
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A house-price index in the U.K. rallied to its highest in over a decade in October as governmental programmes to increase home ownership put pressure on supply throughout the country. The estimate of the Royal Institution of Chartered Surveyors rose to 57, the highest since June 2002, for just 54 in September, the London-based group […]
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After yesterday’s gains, Japan’s Topix index dropped, as profit forecasts disappointed investors before U.S. growth and data that are expected to provide clues about when the Federal Reserve will start reducing stimulus. Toyota Motor Corp. (7203), the world’s biggest car manufacturer, fell 1.3 percent as its net-income projection did not correspond to estimates. Casio Computer […]
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The past two months saw treasuries recover from the the world’s worst performing rank for bonds as U.S. economic data figures missed experts anticipated marks by the most since July. Debt due in 10 years and more increased 4.1 percent in the period, No. 34 of 144 indexes compiled by the European Federation of Financial […]
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Asian stocks decline after the president of the Federal Reserve Bank of Dallas, Richard Fisher, said the U.S. central bank should curb its record stimulus as soon as possible. Financial companies in South Korea including Shinhan Financial Group Co., Mirae Asset Securities Co. and Hana Financial Group Inc. fell more than 3 percent. Coca-Cola Amatil […]
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