Unnamed Eurozone bank borrowed USD 500 million from the ECB, first time since October 14, 2010. Benchmark for unsecured dollar loans between banks, three-month Libor rose to its highest level in 4-1/2 months. Barclays and Royal Bank of Scotland were paying slightly above the 0.29778% LIBOR rate to borrow three-month money. There were reports that [...]
The US markets slipped from day’s high for third day post poor economic data from Europe and US. The Dow Jones Industrial Average ended down 77 points at 10662, after slipping 100 points from day’s high of 10762. The Nasdaq Composite was down 7 points at 2327, after slipping 27 points from day’s high of [...]
The US markets snapped 5-day losing streak post strong economic data, Wal-Mart ups guidance and big M&A news. The Dow Jones Industrial Average ended up 104 points at 10406, lost nearly 40 points in last half hour of trading. The S&P 500 Index ended up 13 points at 1092 and closed above 50-DMA at 1088 [...]
The US markets ended off day’s low to end flat amid pathetic volumes & lower than expected global economic data. The Dow Jones ended flat at 10302, after seeing recovery of 93 points from day’s low of 10209. The Nasdaq ended up 8.4 points at 2182, after seeing recovery of 27 points from day’s low [...]
The US markets recovered nearly 1% from day’s low after disappointing 2Q US GDP numbers. The Dow Jones Industrial Average ended flat at 10466. Nasdaq Composite was up 3 points at 2255 and S&P 500 ended flat at 1102. US markets witnessed its best monthly performance in one year; S&P 500 gained 6.9% in July [...]
US stocks ended lower for a second day after a rocky session that saw the Dow trade in a nearly 200-point range. In economic data from US, initial jobless claims for the week ended July 24 came in at 457,000, which is below the expected total of 464,000. Continuing claims hit 4.57 million, which is [...]
US mkts close in red after Fed’s latest Beige Book report pointed to a sluggish recovery; earnings disappointed; Indian ADRs ended mostly lower In the US markets, benchmark indices closed in the red after the Fed’s latest “Beige Book” report pointed to a sluggish recovery and earnings disappointed. Nasdaq Composite was down 1.04% or 23.69 [...]
Global Markets Snapshot: US markets tumbled post Ben Bernanke’s comments. Ben Bernanke said the economic outlook remains “unusually uncertain” and he acknowledged the labour markets continued weakness. Asian markets were trading weak. The US markets tumbled post Ben Bernanke’s comments. The Dow ended 109 points lower, after slipping in late trade. The Dow Jones Industrial [...]
US mkts finished the session off their best levels, but still modestly higher; Indian ADRs ended higher; HDFC Bank up 2.27% US markets finished the session off their best levels, but still modestly higher with the Dow closing up close to 55 points. Stocks pulled back intra-session on concerns about housing sector after a strong [...]
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