Archive for May, 2010

Obama suspends of shore drilling

May 28, 2010

International Report
The Dow Jones industrial average gained 284.54 points, or 2.85 % to close at 10,258.99. The Standard & Poor’s 500 Index rose 35.11 points, or 3.29% to close at 1,103.06. The Nasdaq Composite Index jumped 81.80 points, or 3.73% to close at 2,277.68. The benchmark Nikkei rose 123.26 points to close at 9,762.98, while [...]

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EURO drops sharply on contagion fears

May 27, 2010

International Market Report 27th May 2010
The Dow Jones industrial average dropped 69.30 points or 0.69% to close at 9,974.45. The Standard & Poor’s 500 Index fell 6.08 points, or 0.57%, to close at 1,067.95. The Nasdaq Composite Index dropped 15.07 points, or 0.68%, to close at 2,195.88. The Nikkei rose 117.06 points to close at [...]

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Doubts over Spanish banks merger

May 26, 2010

International Report 26th May 2010
At 0800 GMT, the FTSEurofirst 300 was up 2% at 968.80 points. The benchmark Nikkei closed up 62.77 points at 9,522.66. On Tuesday the Nikkei dropped 3.1%.The Topix fell 0.1% to close at 859.00.
Four Spanish savings banks will merge into a joint holdings group in a hope to protect themselves from [...]

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EU Considering to Bulk up Financial Rules

May 25, 2010

The Dow Jones dropped 126 points to close at 10,066. The S&P 500 dropped 14 points to close at 1,073. The Nasdaq had a 15 point gain closing at 2,213. The Nikkei dropped 3.1% to close at 9,459.89. The Topix fell 2.3% to close at 859.82.
EU countries may have to impose a levy on their [...]

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Spain will not bow to union pressure

May 24, 2010

Dow Jones closed up 125 at 10,193. The Nasdaq rose 25 points higher to close at 2,229. The S&P 500 rose 16 points to close at 1,087. The Nikkei was down 0.3% or 27.82 points to close at 9,756.72.
Yesterday, Prime Minister Jose Luis Rodriquez Zapatero stated that Spain will not revise a €15bn (£13bn) austerity [...]

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Thailand stock exchange set on fire

May 20, 2010

At 0602 GMT, futures for the STOXX Europe 50 STXEc1, for Germany’s DAX FDXc1 and for France’s CAC FCEc1 rose up 0.2 to 0.3%. The benchmark Nikkei dropped 1.5% to close at 10,030.31.The Topix fell 1.4% to close at 898.15 yen
Japan’s economy is getting a new boost from exports to Asian neighbors and rising consumer [...]

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U.S wont bail out the EU

May 19, 2010

International Report 19th May 2010
The Dax closed 89 points higher at 6,156, with the Cac was up 74 points to close at 3,617. The Swiss market gained 42 points to close at 6,471. In the US, the Dow Jones fell 114 to close at 10,510. Nasdaq shed 36 points to close at 2,317. The S&P [...]

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Libor hits 9 month high

May 18, 2010

International Report 18th May 2010
The Nikkei climbed 77.38 points to close at 10,313.14, whilst the Topix gained 0.4% to close at 924.23. The Dow Jones rose up 5.67 points, or 0.05%, to close at 10,625.83. The Standard & Poor’s 500 Index gained 1.26 points, or 0.11%, to close at 1,136.94. The Nasdaq Composite Index was [...]

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Italy leads debt reduction

May 17, 2010

International Report 17th May 2010
The benchmark Nikkei dropped 241.07 points and fell to 10,217.25. The broader Topix lost 1.8% to close at 919.39. The Dow Jones closed down 162 points to close at 10,620. Nasdaq fell 47 points to close at 2,346. The S&P 500 fell 21 points at 1,135.
Germany is keen for other Eurozone [...]

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ECB states that government bonds carry no inflation risk

May 14, 2010

The Dow Jones dropped 113 points to close at 10,782. The Nasdaq fell 30 points to close at 2,394. The S&P 500 dropped 14 points to close at 1,157. The benchmark Nikkei dropped 167.15 points to close at 10,453.40. The Topix fell 1.2% to close at 936.79.
Spain’s two largest unions are planning one-day public sector [...]

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