Индивидуальные курсы Java. Обучение программированию Java в Москве и Санкт-Петербурге. |
 |
Mar-12-2011Stock futures fall on Japan quake(topic overview)
CONTENTS:
- "Significant yen repatriation that could push the currency higher and, at an extreme, disrupt global markets, looks unlikely," it said. (More...)
- Oil service stocks are posting particularly strong gains in early afternoon trading, resulting in a 2.9 percent gain by the Philadelphia Oil Service Index. (More...)
- Of the Dow 30 stocks, only one, McDonald'''s Corp., was a gainer. (More...)
- Stocks fell sharply based on dismal economic news coming out of China, a main importer of goods used in the United States for consumption. (More...)
- Most of the market'''s declines came at the opening bell, but a weak midday rally was snuffed out by reports that Saudi Arabian police fired on protesters a day ahead of what anti-regime forces are billing as a massive demonstration for freedom in the oil empire. (More...)
- The U.S. equity markets have had a muted reaction to the Japanese quake on fairly light volume, as equity markets treaded water throughout most of the session. (More...)
- The fallout from the earthquake comes at a delicate period of the global economy. (More...)
- Copper prices continued to retreat, with the May contract down seven cents to $4.13 a pound. (More...)
- Caterpillar (CAT), Alcoa (AA), and General Electric (GE) are also posting notable gains. (More...)
- U.S. light, sweet crude for April delivery settled at $101.16 a barrel, down $1.54. (More...)
Selected Sources
Find out more on this subject
"Significant yen repatriation that could push the currency higher and, at an extreme, disrupt global markets, looks unlikely," it said. The yen appreciated against all 16 of its most actively traded peers yesterday, with it trading at 82.23 per U.S. dollar against its previous close of 82.98. Other regional bourses also extended losses yesterday, with the South Korea's Kopsi losing 1.31% to 1,955.54 points, Singapore's STI down 1.04% to 3,043.49 points and Hong Kong's Hang Seng Index shedding 1.55% to 23,249.78. U.S. stocks were also expected to extend their losses as U.S. stock-index futures fell. Crude oil futures for April traded on the New York Mercantile Exchange saw its prices fall below US$100 per barrel for the first time since early this month as the earthquake forced refiners to shutdown processing plants in Japan. The benchmark FTSE Bursa Malaysia KLCI fell 1.40% yesterday, its largest single day fall in over two weeks, driven by heavy selling in selected banking, plantation and telecommunication stocks. [1] NEW YORK, March 11 (Reuters) - U.S. stock index futures fell on Friday after a massive earthquake hit Japan and accelerating inflation in China rattled investors. The biggest earthquake on record to struck Japan on Friday, triggering a roughly 30-foot tsunami that swept away everything in its path, including houses, ships and cars. [2] NEW YORK (Dow Jones)--U.S. stock futures fell Friday morning after the strongest earthquake to hit Japan in at least 300 years rocked the country, triggering a 10-meter tsunami and setting off tsunami warnings for 53 countries around the world, while U.S. retail sales data came in below expectations. [3]
Despite the Japan earthquake and Hawaii's tsunami, Fox News and USA Today reported that the Dow Jones Industrial Averages edged north, while oil prices dipped below $100. Until the certainty of the Middle Eastern crisis and Japan's future look is measurable, it's too early to determine an economic outlook. [4] The prospect of falling oil demand from Japan, also the world'''s third-largest oil consumer, sent crude prices down sharply, as did the failure of protests in Saudi Arabia to draw large crowds. The April crude contract on the New York Mercantile Exchange was down $1.54 at $101.16 (U.S.) a barrel after earlier dipping below $100 for the first time this month. '''I think the view is the Japanese economy will take at least a temporary step back because of this and oil prices have dropped,''' Porter said. [5] While stocks saw modest gains, crude oil declined $1.67 and settled at $101.02 per barrel. Oil prices for the first time this month fell below $100, the magic consumer confidence marker, reports both Fox News and USA Today. [4]
Toronto stocks are likely to be hurt by lower prices for commodities, which were slammed by fears over economic growth and demand, following the earthquake. Oil prices dipped below $100 (U.S.) for the first time this month. [6]
The price of crude oil slipped below $100 after a powerful earthquake hit Japan earlier today, raising concerns over demand from the world's third-largest economy. The OPEC in its monthly Oil Market Report released today nudged up world oil demand growth forecast by 1.67 percent to 87.83 million bpd for this year. [7] While the news has raised concerns about the outlook for the global economy, it has also led to a sharp drop by the price of crude oil, which hit a low below $100 a barrel earlier in the day. [8]
NEW YORK (Dow Jones)--U.S. stocks flickered between small gains and losses Friday despite the strongest earthquake to hit Japan in at least 300 years, as investors predicted that the impact on the global economy would be relatively modest. [9] NEW YORK (Dow Jones)--U.S. stocks rose Friday despite the strongest earthquake to hit Japan in at least 300 years, as investors predicted that energy, materials and industrials companies could see increased demand from rebuilding efforts. [10]
NEW YORK, March 11 (Reuters) - U.S. stocks were poised for a lower open on Friday after a massive earthquake hit Japan and accelerating inflation in China unnerved investors. The biggest earthquake on record to struck Japan on Friday, triggering a roughly 30-foot tsunami that swept away everything in its path, including houses, ships and cars. [11]
The 8.9 magnitude earthquake that hit Japan today may be the biggest quake in 300 years to hit the country, sending tsunamis racing across the ocean in all directions, but the U.S. stock market is holding firm. In early trading, the Dow Jones was down just 0.1 percent, while the NASDAQ Composite and S&P; 500 were both up 0.2 percent, according to the Wall Street Journal. [12] The Dow is up 59.90 points or 0.5 percent at 12,044.51, the Nasdaq is up 14.94 points or 0.6 percent at 2,715.96 and the S&P; 500 is up 9.34 points or 0.7 percent at 1,304.45. While news that an 8.9 magnitude earthquake in Japan triggered a devastating tsunami that has killed hundreds of people initially raised concerns about the global economic recovery, traders have apparently shrugged off those worries over the course of the day. [13]
While Dow Jones Industrial Average lost 17.75 at 11,966.86 minutes after the opening bell, the broader S&P; 500 was down by 0.76 points (0.06 per cent) to 1,294.35 but the tech-focused Nasdaq Composite rose 1.02 points to 2,702.04. [14] Dow Jones Industrial Average futures were down 26 points at 11894 in recent trading, while Standard & Poor's 500 futures slipped less than a point to 1289 and Nasdaq Composite futures shed 2 points to 2279 Prior to the data, Dow futures had been down 36 points, while S&P; 500 futures were. [3] On the market today, we can see that on 8:42 a.m. ET, Dow Jones Industrial Average futures were off 33 points to 11886, S&P; 500 slipped 1.3 points to 1288 and Nasdaq 100 futures were lower by 5.8 points to 2275. The Japanese Nikkei tumbled 1.7% to its lowest level in five weeks. [15]
Dow Jones industrial average futures DJc1 fell 35 points, and Nasdaq 100 futures NDc2 dropped 6.25 points. [2]
U.S. stock futures fell after the market's big drop Thursday when the Dow Jones index lost 228 points. Light sweet crude is now trading at just over $101 per barrel compared to $105 earlier this week. [16] Crude fell $3.24 to $99.46 a barrel. Stock futures briefly recovered some of their losses ahead of the start of trading after the Commerce Department reported that retail sales rose 1 percent in February, their biggest sales gain in four months. [17]
Despite a sharp dip in the price of crude oil, to about $100 (U.S.) a barrel, energy stocks were the top performers among the 10 subindexes within the S&P; 500. They rose 1.7 per cent. [18] The oil and gas company also declared a dividend of 9.3 cents U.S. per common share. Its stock was down $2.86 at $28.54 as earnings missed analyst expectations by six cents a share. Cascades Inc. shares rose 66 cents to $7.35 as the company said it is selling its Dopaco paper cup business for $400 million (U.S.) cash to Reynolds Group Holdings Ltd., a global supplier of consumer food and beverage packaging headquartered in Auckland, N.Z. [5]
Stocks fell sharply Thursday on weak economic news from China, the U.S. and Spain combined with a slump in oil company shares. The Dow Jones industrial average had its biggest one-day drop since August. [17] The Dow Jones industrial average dropped 33 points to 11,952, the Nasdaq Composite Index fell 7 points to 2,695 and Standard & Poor'''s 500 Index dropped two points to 1,293. [19] The Dow Jones industrial average fell sharply in morning trading, shedding 30 points, or 0.3 percent, to land at 11,953. [20] The Dow Jones industrial average fell 3 points, to 11,981, soon after the start of trading. [21]
Ahead of the bell, Dow Jones industrial average futures fell 44 points, or 0.4 percent, to 11,876. [17]
At noon, the Dow Jones industrial average was up 67 points or 0.1 per cent, to 12,001. [18] The Dow Jones industrial average is down 25 points, or 0.4 percent, at 11,895. [22] The Dow Jones Industrial Average slipped 32 points, or 0.3%, to 11949, in recent trading. [9] Analysts said the sharp drop, which knocked the Dow Jones industrial average beneath 12,000 points, showed investors''' sensitivity to news from oil-producing countries and did not signal an end to the two-year-old bull market. [23]
Futures prices point to an early 50-point decline, a day after the Dow Jones slumped more than 200 points on disappointing economic data and concerns unrest in Libya could spread to Saudi Arabia. [24]
Oil prices fell in response to the earthquake, with Brent crude futures down 2.2 percent to near $113, and U.S. crude off 3.1 percent to nearly $100 as the earthquake shut down dozens of plants in the world's third-largest oil consumer. [11] Oil futures fell below $100 per barrel for the first time in more than a week, with benchmark crude down 2.3 percent to $99 per barrel by 10 a.m. [19]
Brent crude futures fell 1.4 per cent to below $114 and U.S. crude was off 1.6 per cent at about $101. [25] U.S. dollar denominated-Nikkei stock futures fell 2.8 per cent, but market players said Japanese markets may not suffer too deep a slide because of the lack of impact on major cities and manufacturing facilities. [25]
Telecom services fell 0.8 per cent, consumer staples fell 0.2 per cent and health care stocks fell 0.1 per cent. In Canada, the S&P;/TSX composite index was up 63 points or 0.5 per cent, to 13,701 - putting it on track to post its first day of gains in one week. [18] Following the devastating earthquake and tsunami that hit north-east Japan, the strongest in 140 years, the US'''s KBW property and casualty index fell 0.7 per cent, even as the broader market saw gains. [26] Refiners Valero Energy rose 6.3 per cent and Tesoro jumped 8.4 per cent after Japan's oil-refining capacity was hit by the earthquake and tsunami. [25]
European-based analysts with Japan's Nomura bank noted in a conference call that the extensive damage caused by the Kobe earthquake, which knocked out an equivalent of 2.5 per cent of Japan's GDP, closed major ports and undercut manufacturing. ''This has not been concentrated in urban areas,'' said Nomura economist Peter Westaway. Global insurance companies lost an estimated $5 billion in their market capital. [27] Analysts say that Japan, whose economy shrank more than expected at 1.3 per cent in the last three months of 2010, can'''t have much negative impact on 70-trillion global economy as the country economy is only 5-trillion. '''Japan has a strong reserve of $1.091 trillion which will help manage its economy through this catastrophe,''' said Kishor Ostwal of CNI Research. Others disagree. [14] The whole globe is integrated and keeping in mind the devastation in Japan, it is premature to think it would not affect the world economy,''' said Jagannadham Thunuguntla of SMC Global Securities. '''As regards India, we are very closely associated with them in automobiles and pharma sectors and so it would affect these two sectors,''' added Jagannadham. That apart, Japanese benchmark Nikkei 225 index tumbled by 1.72 per cent to 10,254.40 points as disaster struck before the closing. [14]
Japanese stocks, though, were hit hard and the benchmark Nikkei 225 index closed down 1.7 per cent at 10,254.43. [28] London Stock Exchange's FTSE 100 index slipped to 5,807.59 points and Germany's Dax index was down over one per cent at 6,979.47 points. [29]
Stocks suffered losses in early trading after a magnitude 8.9 earthquake slammed Japan's northeastern coast. Value buying after the main index surrendered over 600 points or 4 percent so far this week helped lift sentiment. [30] Stock futures initially showed a substantially negative reaction to the news of the 8.9 magnitude earthquake in Japan that triggered a deadly tsunami, but that did not translate into much selling on Wall Street once the trading day got underway. [31] Today's oil futures and U.S. stocks recorded a moment of reprieve in the wake of the Japan earthquake and Hawaii tsunami, says'' Fox News. [4] U.S. stock futures slumped Friday after a powerful earthquake rocked Japan, killing at least 23 and injuring dozens, forcing tens of thousands out of their homes and setting off tsunami alerts across the Pacific, including Hawaii and the U.S. West Coast. [32]
Stock futures are falling as investors try to assess the economic fallout from the largest earthquake in Japan's history. [33] NEW YORK (AP) ''' Stocks are mixed as investors try to gauge the economic fallout from the Japan earthquake. [34] NEW YORK ( TheStreet ) -- Stocks finished higher Friday, despite Japan's devastating earthquake, led by strength in energy and industrial stocks. [35] NEW YORK (AP) ''' Stocks are nudging higher in the aftermath of a massive earthquake that struck off the coast of Japan. [36] Specialist Christopher Gildea watches images from the earthquake in Japan on a television screen at his post on the floor of the New York Stock Exchange March 11, 2011. [37]
NEW YORK (AP) ''' Following the earthquake and tsunami in Japan, the prospect of a short-term drop in demand is sending oil prices lower. [34] The yen remained stable, however, because it is seen as a relatively safe investment for international traders. The prospect of a short-term drop in demand for crude from Japan, the world's third-largest oil consumer, sent oil prices below $100 for the first time this month. [17] The quake could mean a drop in the global demand for oil, the world's third-largest oil consumer is Japan. It sent crude prices down sharply to just over $100 per barrel. [38]
Even though the price of crude oil dipped below $100 (U.S.) a barrel, energy stocks were generally higher. [21] Tsunami alerts were issued for areas as far away as Hawaii and the mainland U.S. West coast. Oil prices dipped below $100 for the first time this month. [33] As an aftershock, oil prices continued to slide on Friday, dropping below $100 per barrel for the first time in more than a week. [14]
LONDON - A major earthquake in northeastern Japan hit world stocks and oil prices on Friday, but the yen proved resilient to one of the bigger tremors the country has suffered in recent times. [28] The Toronto stock market closed higher Friday even as oil prices slid on concerns that a massive earthquake will slow the Japanese economy and that the Chinese government will take further steps to battle high inflation. [5]
The S&P; 500 gained 9 points, or 0.7%, at 1,304, and the Nasdaq Composite added 14 points, or 0.5%, at 2,715. Stocks still finished the week lower, as volatile oil prices took its toll on investor sentiment. [35] Dow Jones: 12,044.40 (+59.79) Nasdaq: 2,299.26 (+14.97) SP 500: 1,304.28 (+9.17): U.S. STOCKS closed the week on a high note last night, on relief that unrest did not engulf top oil producer Saudi Arabia, calming some investors who worried the market was entering a near-term slide. [25]
'''The down move we'''re seeing today is a corrective phase within a longer-term uptrend,''' Christopher Verrone, lead technical analyst at Strategas Research Partners, told Bloomberg News. The tone of the day was set early, when China reported a surprise trade deficit that demonstrated how higher oil prices are affecting its economy. The U.S. government, meanwhile, reported a rise in applications for unemployment benefits and Moody'''s Investors Service cut its rating on Spain'''s debt, reviving fears of European defaults. [23] European shares were trading lower as investors in the region are hit by concerns of not just the Japanese disaster but also Spanish debt crisis and soaring oil prices. [29]
Financial markets in Asia and Europe took an immediate hit on Friday as investors unloaded shares of insurance companies, leading Japanese makers of autos and electronics and some other global companies. [27]
Shares initially fell as investors reeled from images of mass destruction after the Japanese earthquake and tsunami left at least 1,000 dead. [25]
Japanese stock futures fell 2.4 percent after the earthquake, but market players said the slide may not be too deep because major cities and manufacturing facilities were not affected. [2]
Stocks rose on Friday, even as the devastation in Japan gripped headlines and fed uncertainty over how the powerful earthquake and tsunami will affect the global economy and commodity markets. [39] China has been one of the main pillars of the global economy over the past few years. Its huge demand for commodities has driven oil and metals prices sharply higher, which in turn has been positive for stocks on the resource heavy TSX. [5] The biggest effect on the world economy may yet come in further roiling oil prices that already have cast a pall on the global recovery. That's because the 8.9-magnitude quake forced the shutdown of a number of Japan's oil refining facilities as well as some of its nuclear power plants. [27] The disaster has sent shock waves across the global economy, which is already grappling with Libyan crisis, high oil prices, European debt woes and brewing turmoil in Saudi Arabia. [29]
Talk that the rebuilding effort could boost industrials and energy companies aided today's rally on Wall Street, though lingering worries about the global economy once again pressured oil. [40]
''And Japan's economic activity will increase.'' Unlike the earthquake that struck heavily industrialised Kobe, Japan, in 1995, analysts said they did not expect Friday's events to dramatically undercut Japan's industrial output or cause damage approaching the $100 billion in destruction that Kobe suffered. Damage to manufacturing facilities and offices ''appears limited'' at this point, wrote Dan Ryan, an analyst with the consulting firm IHS Global Insight. [27] The earthquake shook Japan toward the end of the Asian trading session and rattled global stocks. [22] A magnitude-8.9 earthquake off Japan's coast has devastated Tokyo, killing hundreds and leaving many more homeless, but the tragedy that will continue to play out over the days and weeks ahead was shrugged off by many on Wall Street, as U.S. stocks continue to advance in the final hour of trading. [40] The devastation in Japan following Friday's earthquake and tsunami hasn't translated into devastation in the North American stock market: In midday trading, major indexes were higher, with commodity producers leading the way. [18] On the U.S. stock market Friday, stocks edged slightly lower following the catastrophic earthquake in Japan that triggered huge tsunami waves, leaving hundreds dead. [20]
Many players in the market suggest that the negative slope may not be to fatal because major cities and manufacturing facilities were not affected. The declined of the U.S. stock index will also make the Standard & Poor'''s 500 Index extend its weekly drop because of the two major incidents like the strongest earthquake in Japan as well as the acceleration of China'''s inflation. [15]
The S&P;/TSX Composite Index edged up 5.84 points or 0.04 percent to 13,644.42. The price of gold inched up as traders await more details on the earthquake that hit Japan this morning. [30] The S&P;/TSX composite index gained 35.67 points to 13,674.25 as a magnitude 8.9 earthquake slammed Japan'''s northeastern coast Friday afternoon, unleashing a four-metre tsunami. [5]
The broad-based Nasdaq Composite index dropped 1.84 per cent to 2,701.02 points. [29] Taking cues, Hong Kong'''s Hang Seng tanked 1.55 per cent to 23,249.80 points while China'''s key Shanghai SE Composite index dropped nearly one per cent to 2,933.80 points. [14] In Canada, the S&P;/TSX composite index closed at 13,674.25, up 35.67 points or 0.3 per cent. [39]
The FTSE 100 index of leading British shares was down 0.5 per cent at 5,815 while France's CAC-40 fell 1 per cent to 3,926. [28]
Among insurers in the U.S. likely to have exposure in Japan, Aflac fell 0.3 per cent to $55.55 and Berkshire Hathaway rose 0.4 per cent to $85.26. [25] In corporate news, Pacific Rubiales Energy Corp. had $104.7 million (U.S.) of net income in the fourth quarter, or 35 cents per share, with $515.9 million of revenue. [5] In corporate news from Canada, oil and gas producer Pacific Rubiales Energy (PRE.TO) reported improved fourth-quarter funds flow from operations of $196.31 million or $0.68 per share compared to $99.73 million or $0.47 per share last year. [7]
Oil and gas company Triangle Petroleum (TPO.V) said it has priced a public offering of 16.5 million shares of common stock to the public at $7.50 per share. [7] Excluding the impact of $8 million charge associated with stock based compensation in the quarter, net income was $21 million or $0.17 per share. [7]
Wood products company Stella-Jones (SJ.TO) reported a much improved fourth quarter net earnings of C$10.75 million or C$0.67 per share compared to C$3.04 million or C$0.24 per share in the year-ago quarter. The company hiked its semi-annual dividend by 20 percent to $0.24 per share. Packaging and tissue products company Cascades Inc. (CAS.TO) said it would sell Dopaco Inc., its converting business for the quick-service restaurant industry, to Reynolds Group Holdings Ltd., for a cash consideration of $400 million. [7] Rare earths and zirconium miner Neo Material Technologies (NEM.TO) lost 2.5 percent even after reporting a higher fourth quarter net income of $13.16 million or $0.11 per share compared to $8.68 million or $0.07 per share year ago. [30]
The oil and gas producer reported improved fourth-quarter funds flow from operations of $196.31 million or $0.68 per share compared to $99.73 million or $0.47 per share last year. [30] Net income for the quarter rose to $104.70 million or $0.35 per share from $3.22 million or $0.02 per share last year. [7] Rare earths and zirconium miner Neo Material Technologies (NEM.TO) reported higher fourth quarter net income of $13.16 million or $0.11 per share compared to $8.68 million or $0.07 per share year ago. [7]
Analysts were expecting the company to report earnings of $0.41 per share. [30]
Monday is dearth of domestic economic announcements.'' Tsakos Energy Navigation (NYSE:TNP ) The energy company is betting that its fourth-quarter loss does not exceed 23 cents per share prior to trading. [41]
Copper has plunged about six per cent since mid-February as worries about higher energy prices have raised concerns about demand. Even with Friday'''s decline, crude oil is still up more than 10 per cent from the middle of last month on worries that fighting in Libya could spread to big oil producers in the Persian Gulf, such as Saudi Arabia. '''There'''s enough supply out there, but any sort of a political instability that would affect the delivery of those supplies into the market will affect overall supply,''' said Luciano Orengo, portfolio manager at Manulife Asset Management. [5] Commodity producers generally led the market gains, even though commodity prices themselves fell over concerns that Japanese demand will fall in the near term. U.S. President Barrack Obama said that he is prepared to tap the country's strategic oil reserves to address rising energy prices, if needed. [39]
The price of crude oil fell to $101.16 (U.S.) a barrel in New York, down $1.54. [39] By early afternoon London time, the benchmark oil contract on the New York Mercantile Exchange was down $3.03 at $99.66 a barrel, while Brent crude in London fell the same amount to $112.53. [28]
Gold stocks also advanced as the April bullion contract in New York rose $9.30 to $1,421.80 (U.S.) an ounce. [5] NEW YORK, March 11 (Reuters) - S&P; stock index futures briefly turned positive on Friday before returning to negative territory. [42] The Stoxx Europe 600 Index slid 0.6 percent at 8:47 a.m. in New York while futures on the Standard Poor'''s 500 Index lost 0.2 percent after the gauge yesterday slumped 1.9 percent. [43]
Oil service stocks are posting particularly strong gains in early afternoon trading, resulting in a 2.9 percent gain by the Philadelphia Oil Service Index. [31] Significant strength was also visible among networking stock, as reflected by the 2 percent gain posted by the NYSE Arca Networking Index. [44]
Analysts had only expected a gain of 0.8 percent. Stock futures soon gave back their gains. [17] Upbeat U.S. retail sales figures helped stock futures trim losses but weren't enough to inspire strong buying. [6] The U.S. Commerce Department said retail sales rose by one per cent last month. [5] U.S. retail sales in February rose 1 per cent, which was in line with expectations. [39] U.S. retail sales, which rose 1 per cent in February, reflected the highest increase in four months and followed an upward revision to January's data that showed a 0.7 per cent increase. That was more than double the original estimate. [6]
U.S. retail sales rose 1.0% in February, below the 1.2% expected by the markets, and U.S. Reuters U. Michigan consumer sentiment index deteriorated to 68.2 in March from 74.2 in February, against market consensus, that called for a slight recovery to 76.3. [45] Excluding auto sales, retail sales increased by 0.7 percent, in line with the expectations of economists. Reuters and the University of Michigan released a report showing that their consumer sentiment index fell to a five-month low of 68.2 in March from the final February reading of 77.5. [31]
In U.S. economic news, the Commerce Department released a report before the start of trading showing that retail sales increased for the eighth consecutive month in February, with sales rising in line with economist estimates. [31] In economic news, U.S. retail sales were up 1% in February, in line with forecasts. They rose 0.7% excluding autos. [24]
Demand for new cars, clothing and electronic gadgets pushed retail sales 1 percent higher last month - part of the gain, due to higher gas prices. [38] WASHINGTON (AP) ''' The Commerce Department says higher gasoline prices accounted for part of the 1 percent gain in retail sales last month. [34]
Total retail sales came in at $387.1 billion in February, up 1 percent from January, precisely the increase that most economists had expected. [46] Excluding auto sales, retail sales increased by 0.7 percent, in line with the expectations of economists. [8]
Concern about the damage from the earthquake and the ensuing tsunami is overshadowing a government report saying retail sales rose more than expected in February. [22] USA Today reports that energy stocks were the main benefactors of today's tragic incident involving the Hawaii tsunami and Japan earthquake. [4] Mario Tama/Getty Images (NEW YORK) -- Stocks called it a week on a higher note in the aftermath of the earthquake and tsunami in Japan. [38] Stocks initially showed a lack of direction as traders digested news of an 8.9 magnitude earthquake in Japan that triggered a devastating tsunami that killed hundreds of people and caused extensive damage. [44] Markets across the globe went into a tizzy after massive earthquake and consequent tsunami struck Japan. Already faced with unrest in the Middle East, North Africa regions and European debt crisis, this news created havoc at financial markets, as a result, Asian stocks slumped into red while European bourses were shaky in early afternoon trade. [14]
Stocks continued to fall today in the wake of yesterday's sell-off and news of a strong earthquake hitting Japan. [43]
After an 8.9-magnitude earthquake devastated Japan early Friday, oil and stock prices were rocked by the impact. [19] Stocks are opening mixed as investors try to gauge the economic fallout from the largest earthquake in Japan's history. [22] U.S. investors clung to their fears as they tried to assess the economic fallout from the largest earthquake in Japan's recent history. [6] FXstreet.com (Barcelona) - U.S. markets are trading on a slightly negative tone, with investors sentiment, still weighed by a massive earthquake in Japan, and weaker than expected macroeconomic figures in the U.S. the U.S. In currency markets, Euro and Pound are trimming losses after U.S. data. [45]
The markets ended the last day of their choppy trading week solidly higher after traders cheered sliding crude prices and shrugged off concerns about the economic impact of the massive earthquake that slammed Japan. [47] The choppy trading comes amid news of an 8.9 magnitude earthquake that struck northeastern Japan and triggered a tsunami that has killed hundreds of people and caused extensive damage. [46] The earthquake, one of the biggest in Japan's history, triggered across-the-board selling in Asian stocks in late Friday trading. [35] LONDON (SHARECAST) - Stocks are in the red as today's devastating earthquake in Japan and ongoing Middle East fears cast a shadow over trading. [48]
Stocks ended higher for the session, although lower for the week, amid concerns over global growth and Middle East unrest, and in the wake of a devastating earthquake in Japan. [37] Comstock/Thinkstock (NEW YORK) -- The massive earthquake in northeast Japan is having an impact on global financial markets. [16] A massive earthquake in Japan rattled markets in Asian and Europe, but Toronto and New York took the tragedy in stride, spending all afternoon in positive territory. [49] NEW YORK (Dow Jones)--Wall Street has a history of shrugging off major earthquakes and other natural disasters, and this time isn't proving any different. [50]
"Basically what has been happening here is earnings season is over in the U.S. and the focus goes from earnings to headlines," said Cort Gwon, chief strategist at HudsonView Capital Management in New York. "You have huge global macro events happening and everybody is focused on these events. You have had almost this perfect storm over the past two days." [11] Traders work on the floor of the New York Stock Exchange after the closing bell Thursday. [23] The news rattled stocks, currencies, and oil at the start of the session. Most Japanese ADRs traded lower, while the yen first fell sharply lower, then rose as traders remembered how strongly the yen performed after a quake in 1995. [37]
Industrials rose 0.6 per cent and consumer discretionary stocks rose 0.5 per cent. [18] Information technology stocks rose 0.8 per cent and energy stocks rose 0.6 per cent. [18]
American stocks slumped nearly two per cent as investors went on selling spree. [29] Stock markets in South Korea, Australia and Singapore too fell over one per cent. [29] Technology stocks were relatively strong, with Microsoft Corp. and Hewlett Packard Co. up 0.6 per cent each. [21] Asian stocks slumped into red with most of the region's markets shedding over one per cent while European bourses were shaky in early afternoon trade. [29]
Copper prices also recovered from early declines, with the May contract closing up one cent at $4.21 (U.S.) a pound and the base metals sector shook off early losses to rise 1.7 per cent. [5] Food price inflation unexpectedly accelerated to 11 per cent from January'''s 10.3 per cent rate. The concern is that China will have to take further steps to slow its economy to deal with inflation. '''They like to have no more than four per cent inflation,''' Orengo said. [5] The export-oriented Jpanese economy shrank more than expected at 1.3 per cent in the last three months of 2010 as compared to the earlier projection of 1.1 per cent. [14]
In Japan, the Nikkei closed down 1.7 per cent, with the Japanese car industry hit particularly hard. [27] The tiny overall pick-up in jobs, all part time, was below consensus expectations of as many as 25,000 new jobs, but large enough to keep the unemployment rate at 7.8 per cent. [5] By early afternoon London time, the dollar was trading 0.8 per cent lower at ¥82.29, having risen as high as ¥83.29 in the immediate aftermath of the quake. [28]
Despite the positive showing Friday, the TSX had a tough week, falling 579 points or four per cent as investors feared that a rally that has gone on practically non-stop since last summer has run out of steam. [5] The BSE benchmark Sensex here in India declined about one per cent to close at 18,174.10 points. [14]
Part of the gain reflected higher prices for gasoline. It was the biggest increase in four months and it followed an upward revision to January'''s data that showed a 0.7 per cent increase. That was more than double the original estimate. [5] Materials showed the biggest gains, rising 1.4 per cent, even though the price of gold held steady. [18]
Among energy producers, Suncor Energy Inc. rose 1.5 per cent and Exxon Mobil Corp. rose 0.9 per cent. [39] Among other commodity producers, Potash Corp. of Saskatchewan Inc. rose 2.4 per cent and Barrick Gold Corp. rose 1.4 per cent. [21] Caterpillar Inc. rose 1.7 per cent, Alcoa Inc. rose 1.5 per cent, General Electric Co. rose 1.3 per cent and Walt Disney Co. rose 1.1 per cent. [39]
On the downside, consumer staples slumped 1.8 per cent, telecom services fell 0.7 per cent and financials were flat. [18] In other moves, Coca-Cola Co. fell 0.8 per cent and Boeing Co. fell 0.7 per cent. [21] Elsewhere in Asia, South Korea's Kospi fell 1.3 per cent to 1,955.54 and Australia's S&P;/ASX 200 was down 1.2 per cent at 4,644.80. [28]
The Shanghai Composite Index lost 0.8 per cent to 2,933.80, while the Shenzhen Composite Index of China's smaller, second exchange lost 0.2 per cent to 1,299.69. [28] The Standard & Poor'''s 500 also lost 1.9 percent, 24.91 points, to 1,295.11 and the Nasdaq composite index gave up 50.70 points, 1.8 percent, to 2,701.02. The market'''s most popular measure for fear, the Chicago Board Options Exchange Volatility Index, or VIX, rose 8.2 percent to 21.88, slightly higher than its long-term average. [23] The Dow climbed 59.48 points or 0.5 percent to 12,044.09, the Nasdaq rose 14.59 points or 0.5 percent to 2,715.61 and the S&P; 500 advanced 9.17 points or 0.7 percent 1,304.28. [44] Despite the gains on the day, the major averages all closed lower for the week, with the Nasdaq falling by 2.5 percent, while the Dow and the S&P; 500 slipped by 1 percent and 1.3 percent, respectively. [44]
The Nasdaq composite index was up 14.59 points at 2,715.61 while the S&P; 500 index was ahead 9.17 points at 1,304.28. [5] The Dow Jones and the Nasdaq Indexes trade 0.1% lower, while the S&P500; Index trades practically at opening levels one hour after the opening bell. [45] The news on yesterday caused a sharp decline in the Dow Jones. It was one of largest since August 11, 2010. [4]
Of the Dow 30 stocks, only one, McDonald'''s Corp., was a gainer. Energy companies took the biggest hits, with Exxon Mobil Corp. and Chevron Corp. both losing at least 3 percent. [23] Japan'''s Nikkei 225 Stock Average tumbled 1.7 percent as the quake caused a 10-meter tsunami that inundated towns north of Tokyo. [43] North American stocks held relatively steady on Friday morning after a devastating earthquake struck off the coast of Japan, triggering a tsunami that left hundreds dead. [21] Stocks snapped back from early-week losses even as other markets were hit hard by a devastating earthquake in Japan, the country's strongest on record. [25] While most Asian markets ended lower overnight, European stocks were lingering in the red after Japan was hit by a forceful earthquake. [7]
European shares hit a three-month low, falling 0.6 percent with sentiment worsening after Japan's earthquake and on growing unrest in the Arab world. [6] Japan has been hit by what seem to be the biggest earthquake that this country has ever experienced in 140 years. The massive earthquake on Friday has triggered a massive 30-foot tsunami that swept away everything in its path, including houses, ships and cars. Because of this incident, the Chinese inflation topped expectations in February at 4.9 percent and are now looking to climb further in coming months, adding to pressure for another dose of monetary tightening. [15] PETALING JAYA: A severe earthquake and tsunami that hit Japan late yesterday afternoon was the latest shock to send tremors throughout global equity markets, a day after many of them reeled from a sell off on Thursday. [1] The earthquake can "upset the country's nascent economic recovery while exacerbating the country's ballooning public debt issues, as spending by the Tokyo government will surge to meet emergency response costs," according to a research report by IHS Global Insight. The Japanese Nikkei tumbled 1.7% to its lowest level in five weeks, following the 8.9 magnitude earthquake that hit near Tokyo. [47]
Gross domestic product growth was 3.4% quarter-on-quarter annualised in first quarter of 1995," the report said. Macquarie added that the Japanese currency did not move significantly at the time, although it rose in subsequent months to a peak of just past 80 per U.S. dollar in mid-April, but this did not seem to be related to the Kobe earthquake (there was significant trade tension with the U.S. at the time). [1]
The price of gold was little changed amid a firm U.S. dollar. Traders also await more details on the earthquake that hit Japan this morning. [7] Futures were lower earlier after a massive earthquake hit Japan and accelerating inflation in China rattled investors. [42] Phil Orlando of Federated Investors said that while the earthquake had a devastating impact on lives and property, Japan's economy might prove more resilient, as the government invests in rebuilding. [35] Stocks in the United States began on a tremulous note on investor worries about how the earthquake will impact the world's third largest economy. [35]
In general, higher risk cyclical stocks enjoyed the biggest gains, suggesting that investors continue to have confidence in the global economic recovery, despite Thursday's sharp stock market downturn. [39] Investors figured that damage to refineries as well as disruptions to Japan's economic activity would result in reduced demand for petrol, easing some of the global supply concerns from the political turmoil in Libya and elsewhere in that region. [27] Paul Donovan, a global economist for UBS Investment Bank in London, said the short term wouldn't be pretty as companies struggle to repair damage and restore production and as insurance firms prepare to pay hefty claims. He offered a more bullish forecast for Japan and the global economy over the long haul. ''The process of reconstruction increases employment, demand and economic activity,'' he said. [27] The world's rice supply had been forecast to be robust but economists warned that the effect of the tsunami on Japan and other grain-growing areas in the Pacific Rim may temporarily fuel already-rising global food prices. [27]
Global suppliers might find it more profitable to increase shipments to Japan instead of selling the fuel elsewhere, resulting in a bidding-up of prices. At least two nuclear power plants in Japan were reported to have closed after the earthquake. [27]
Oil prices have dropped as traders react to factory closures in Japan and a possible drop in energy demand from the world's third largest oil consumer. [51] Over the weekend, traders will remain focused on events in the Middle East, and its implications for oil prices, as well as the news flow out of Japan. [37]
Oil prices declined sharply on Friday, with crude futures briefly dipping below $US100 a barrel. [27] Energy shares were up fractionally, even as crude prices continued to edge lower, briefly dropping below $100. [49] Shares of oil ended lower for the week, although U.S. light sweet crude closed above $100 a barrel for the eight consecutive session. [37]
The disaster, which sent significant tidal waves as far away as the West Coast of the U.S., was accompanied by the possibility of a short-term drop in Japan's demand for crude oil. [20] The prospect of falling oil demand from Japan sent crude prices down sharply. [36] The quake is likely to cut short-term demand for crude from Japan, which is the world's third-biggest oil consumer. [6]
The prospect of a short-term drop in demand for crude sent oil prices lower. [22] There are concerns about how high energy prices could weigh on economic growth and how rising oil prices will affect inflation. [5] Commodity prices, which had been raising concerns about their impact on inflation and global economic growth, fell - providing some relief. [21]
Stocks fell sharply based on dismal economic news coming out of China, a main importer of goods used in the United States for consumption. [4] Petronas Chemicals Group Bhd, which fell 16 sen to RM6.56 with 27.2 million stocks traded, also dragged down the index. [1] The local benchmark index lost 21.29 points to end at 1,495.62 points yesterday, with losers crushing gainers at 678 to 118 and some 207 stocks remaining unchanged. [1]
The S&P;/TSX Composite Index unofficially rose 35.67 points, or 0.26 percent to 13,674.25 on Friday. [49] The S&P;/TSX Composite Index extended losses for a fourth session, plunging 246.13 points or 1.77 percent to 13,638.58. The main index surrendered over 600 points or 4 percent so far this week. [7]
Most of the market'''s declines came at the opening bell, but a weak midday rally was snuffed out by reports that Saudi Arabian police fired on protesters a day ahead of what anti-regime forces are billing as a massive demonstration for freedom in the oil empire. The Dow ended down 228.48 points, or 1.9 percent, to close at 11,984.61 in its biggest one-day fall since Aug. 11, 2010. [23] The Dow average rose 59 points on Friday, but was down 1 percent for the week. [37]
The tech-heavy Nasdaq rose 14.59 points, or 0.54 percent, to close at 2,715.61 Friday. [37]
USD/JPY rejection from 83.30 high immediately after the earthquake, has extended about 130 pips lower on repatriation flows, with the pair giving way weekly gains, to hit 82.00 low, under pressure at U.S. session opening with upside attempts capped at 82.40. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. [45] The Nasdaq Composite was off 0.3% at 2692. The Standard & Poor's 500 index edged down 0.1% to 1294, with gains in its energy and materials sectors helping limit the decline. [9]
We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them. This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. [41]
Bargain hunting is contributing to the strength among oil service stocks, which comes despite a steep drop by the price of crude oil. [31] Oil-sensitive airline stocks are moving higher amid the drop by the price of oil, while early strength is also visible among steel and semiconductor stocks. [46]
Gold stocks were also strong today, as the price of bullion jumped back above $1,420 an ounce on safe haven appeal. [49] RealMoney Silver: Get Doug Kass's exclusive trading diary + 4 of TheStreet's top premium services including Action Alerts PLUS and RealMoney -- all on one streamlined page. Stocks Under $10: Break into the market with small- and mid-cap stocks. all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. [35] The quake, which struck towards the end of the Asian trading session, prompted a renewed bout of selling in stock markets, with insurers hit badly, and a kneejerk sell-off in the yen. The Japanese currency recovered somewhat, thanks to its status as a safe haven for international traders. [28] Most of the other major sectors also moved to the upside over the course of the trading day, with railroad, housing, and banking stocks posting notable gains. [44]
The gain by the index comes after it ended Thursday's trading at a one-month closing low. [31] A majority of the thirty Dow components are in positive territory in mid-afternoon trading, helping to keep the blue chip index above the unchanged line. [13]
Wall Street was also poised for further losses following Thursday's big declines -- Dow futures were down 58 points at 11,862 while the broader Standard & Poor's 500 futures fell 5.8 points at 1,283.60. [28] S&P; 500 futures SPc2 lost 2.5 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. [2] S&P; 500 futures, which were earlier down 6 points, were little changed at 1,289. [6]
The U.S. equity markets have had a muted reaction to the Japanese quake on fairly light volume, as equity markets treaded water throughout most of the session. The market is at a "crucial spot" technically, as the S&P; 500 is just sitting above its 50-day moving average of 1,300.13, Joseph Benanti, managing director at Rosenblatt Securities, told CNBC.com. "If we close lower, we'''ll see a follow through in the early part of next week," he said. That softness could continue until the Federal Open Market Committee's announcement next Tuesday, where traders will look for a sense of the Fed's current thinking on its $600 billion bond buying program known as "quantitative easing 2." [37] Light, sweet crude slipped $1.54, or 1.5%, to $101.16 a barrel.The price consumers pay at the pump keeps creeping higher, with the average price for a gallon of regular hitting the $3.54 a gallon mark, up from $3.12 a week ago, according to the AAA Fuel Gauge Report. [47] Before the market opens, a government report on U.S. retail sales in February will give traders a sense of consumer demand. [33] The markets have largely shrugged off a report from the Commerce Department showing that U.S. retail sales increased in line with economist estimates in the month of February. [46]
WASHINGTON (AP) ''' The Commerce Department says businesses added inventory for the 13th consecutive month in January and total sales rose by 2 percent -- the largest amount in 10 months. [34] Much of the growth came in increased auto sales, with the report showing a 2.3 percent increase in sales of motor vehicle and parts. [31]
Aflac ( AFL ) shares were off as much as 2% on concerns about the insurer's presence in Japan. Apple's ( AAPL ) second revision of its popular iPad goes on sale Friday. [47] Investors said some industrial shares could benefit in the rebuilding operation in Japan but said information on the extent of damage was still scarce. [25] LONDON: World markets went into a tailspin today as tremors from the devastating earthquake and tsunami in Japan shook investors' sentiment already bogged down by political unrest in the oil-rich Middle East and North Africa region. [29] LONDON (SHARECAST) - Prepare for early losses on Wall Street Friday as investors react to weakness in overseas exchanges following today's devastating earthquake in Japan and ongoing Middle East fears. [24]
The market reversed losses and notched solid gains as investors shook off fears of the quake's impact on Japan, the world's third largest economy. [25]
Traders also mulled the potential economic impact of the 8.9 magnitude earthquake that slammed Japan, dealing a significant blow to the country, which is the third largest economy in the world. [47] Fears that the powerful earthquake could nip the struggling Japanese economic recovery in the bud has gotten the attention of the Bank of Japan, which issued a statement saying it will "assess the possible impact of the earthquake on financial markets as well as on financial institutions' business operations, and stands ready to take action as necessary." "The Bank will continue to do its utmost, including the provision of liquidity, to ensure the stability in financial markets and to secure the smooth settlement of funds, in the coming week." [40] THE powerful earthquake and tsunami that slammed northern Japan also pummelled financial markets in Asia and Europe. [27] One of the largest earthquakes ever recorded struck on Friday off the coast of Japan, spawning a tsunami whose violent effects were felt across the Pacific region - from the Far East to South America to the U.S. West coast. LANUF, Libya: Forces loyal to Muammar Gaddafi trumpeted their retaking of the rebellious city of Zawiyah near the capital and pressed towards the country's largest refinery at Ras Lanuf, as rebel lines began to crumble before an onslaught of air strikes, tank and artillery fire and a relentless siege. [27] Friday's 8.9-magnitute earthquake in Japan, the strongest the country has seen in at least 300 years, failed to cause much of a reaction in U.S. markets. [50]
The earthquake in Japan, which triggered a tsunami that swept across the northern coast of Japan and hit the coast of Hawaii and Northern California. [37] Markets focus, however remains in Japan, where a massive earthquake has hit the north-eastern coast, triggering a devastating tsunami which swept big coastal areas bringing the country to a standstill. [45]
Macquarie Group Ltd said in a research report issued yesterday that "inevitably there will be microeconomic disruptions" although the impact would be lower than that of the last major earthquake, Kobe, that hit Japan in 1995. [1]
Asian markets, which were lower throughout the day on concerns of political unrest in the Middle East, reacted to Japan's 8.9 magnitude earthquake in the last hours of trading, accelerating losses. [1] The earthquake shook northeastern Japan toward the end of the Asian trading session. [17]
The upward move by the markets comes even as traders digest news of a tragic earthquake in Japan. [31] A massive 8.9 magnitude earthquake in Japan spawned a ferocious tsunami Friday that swept away boats, cars and homes. [47] In one of the worst natural calamities, a strong earthquake followed by tsunami took a several toll on people and property in Japan. [29]
Stocks pushed higher today despite a tsunami of epic proportions destroying'' northern Japan. [41] SHAPIRO: The giant tsunami that has killed hundreds of people in northern Japan is now rippling through global financial markets. [51] The quake was the most powerful on record for Japan. Shares of many global re-insurance companies, such as PartnerRe ( PRE ) and Everest Re ( RE ), which protect insurance companies against catastrophic liabilities, were lower amid concerns about how much exposure they have to the Japanese market. [47]
The Fed initially bought the subprime assets in a bid to help prop-up the insurance giant in 2008. Shares soared as much as 20% on the news that values that company at a 14.5% premium to its Thursday closing price. Google ( GOOG ) is looking to hire 200 employees to support its YouTube video streaming service. Aeroposatle ( ARO ) posted its fourth-quarter profits dropped 13% to 98 cents a share, narrowly missing analysts' estimates. [47] You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. [52]
Buying interest emerged as the trading day progressed, however, with a sharp drop by the price of oil contributing to the upward move. [44]
WASHINGTON (AP) ''' President Barack Obama says as long as the U.S. economy depends on foreign oil it will always be subject to price spikes at the pump. Obama says he's prepared to tap the country's emergency oil reserve should the situation demand it. [36] The loss of substantial refining capacity in the world's third-largest economy is likely to inject more volatility into petrol prices - raising the possibility of even higher pump prices. Industry experts say that if Japan cannot get its refineries back online quickly, there will be a spike in that country's demand for petrol, diesel and jet fuel. [27]
The fallout from the earthquake comes at a delicate period of the global economy. [27] While the earthquake will lead to a near-term reduction in global demand, traders remain nervous about the direction of events in the Middle East and Libya, where intense fighting continued. [37]
Global equity markets, commodity futures and currencies dropped on Friday after a punishing Thursday session, as a broad confluence of factors slammed investor confidence. [53] Investors also focused on news of increased inflation in China, although the 4.9 percent rise was less than some had feared. The 10-year Treasury added 26/32 points this week, pushing its yield to 3.397 percent. [37] The S&P 500 gained 9.16 points or 0.71 percent to close at 1,304.28 on Friday. [37]
In economic news, Canadian job growth slowed in February compared to the previous month, and the national unemployment rate unexpectedly stayed at 7.8 percent, official data revealed Friday. [49] Gold slid 0.47% on the week, ending a five week winning streak. American International Group ( AIG ) has offered to buy back its Maiden Lane II subprime bond portfolio for $15.7 billion from the New York Federal Reserve. [47] The April bullion contract in New York was up $1.40 to $1,413.90 an ounce. [6]
Copper prices continued to retreat, with the May contract down seven cents to $4.13 a pound. [6] Teck Resources rose $1.25 to $50.93 while Quadra FNX Mining climbed 48 cents to $13.23. [5] The energy sector was flat with Suncor Energy ahead 63 cents at $42.30 while Canadian Natural Resources was up 21 cents at $45.15. [5] Financials were mixed with Royal Bank ahead 38 cents at $59.78 but insurers lost ground following the Japanese quake. [5]
China Sky One Medical (Nasdaq:CSKI) 36 cents per share is in the cards after the close for the fourth quarter.'' [41] Commodities had also been under pressure after data showed Chinese inflation remained elevated in February at 4.9 per cent, exceeding analysts''' forecasts and above the government'''s four per cent target for the year. [5]
The national average for regular unleaded climbed above $3.54 per gallon overnight. [34] Volume was about 7.13 billion shares on the Nasdaq, NYSE and Amex, below last year's daily average of 8.47 billion. [25] The major averages have moved to the upside in recent trading, reaching new highs for the session. [13] The major averages have shown a notable move to the upside in recent trading, rising to new highs for the session. [31]
Caterpillar (CAT), Alcoa (AA), and General Electric (GE) are also posting notable gains. Exxon Mobil (XOM) is up by 1.2 percent after hitting its worst intraday level in over a month in early trading. [13]
The proverbial '''flight to quality''' was on display, as Treasury prices rose, sending the yield on the 10-year note down to 3.36 percent from 3.47 percent a day earlier. [23] A sharp drop by the price of crude oil may have generated some buying interest along with the prospect that the destruction caused by the earthquake could eventually be a boon for the construction industry. [13] A sharp drop by the price of crude oil may have kept selling pressure subdued along with the prospect that the destruction caused by the earthquake could be a boon for the construction industry. [31]
U.S. light, sweet crude for April delivery settled at $101.16 a barrel, down $1.54. [49] The U.S. itself is affected by the earthquake, with evacuations being ordered in coastal areas of Hawaii after a tsunami warning. [48] U.S. sales of video game hardware and software sales rose in February, helped by the popularity of the Xbox 360 and its Kinect motion sensing game system. [16]
SOURCES
1. Tsunami hits global equity markets
2. US STOCKS-Futures fall after Japan quake, China data | Reuters
3. US Stock Futures Fall After Japan Quake, Retail Sales Data - WSJ.com
4. Dow Jones: Despite Japan Earthquake, Fox News. | Gather
5. TSX closes higher despite quake - thestar.com
6. Premarket: Stock futures tread water - The Globe and Mail
7. TSX May Struggle To Move Higher On Weak Commodities - Canadian Commentary
8. Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary
9. US Stocks Fluctuate As Investors Digest Japan Quake; DJIA Off 32 - WSJ.com
10. US Stocks Climb Despite Japan Earthquake; DJIA Up 49 - WSJ.com
11. US STOCKS-Wall St set for lower open after Japan quake | Reuters
12. US Stocks Hold Firm After Massive Japan Earthquake
13. Stocks Rising To New Highs In Mid-Afternoon Trading - U.S. Commentary
14. The Pioneer :: Home : >> Global mkts feel tremors
15. U.S. Stock Index Futures Slip After Massive 8.9-Magnitude Earthquake Slams Japan
16. KGO Newstalk 810 San Francisco
17. Stock futures fall on Japan quake - BusinessWeek
18. At noon: Dow, TSX head higher - The Globe and Mail
19. Earthquake in Japan rattles stock market | Dayton Business Journal
20. Stock Market Edges Lower After Earthquake | ThirdAge
21. At the open: Calm prevails - The Globe and Mail
22. Stocks mixed on Japan earthquake - BusinessWeek
23. Stock market drops to below 12,000 on job, oil worries - Chicago Sun-Times
24. ShareCast - News you can use
25. Early losses reversed as refiners, industrials gain - The Irish Times - Sat, Mar 12, 2011
26. FT.com / Markets / US - Wall Street rebounds from sharp losses
27. Petrol set for rise as aftershocks rock markets
28. Stocks, oil fall but yen holds on
29. Japanese tremors, tsunami rattle world stock markets - The Economic Times
30. TSX Flat After Sharp Losses - Canadian Commentary
31. Stocks Moving To The Upside In Early Afternoon Trading - U.S. Commentary
32. BEFORE THE BELL:US Stock Futures Fall After Japan Earthquake, Tsunami - WSJ.com
33. Stock futures drop on Japan quake, oil below $100 - BusinessWeek
34. Stocks mixed. Oil prices lower. Retail sales up
35. Stocks Rebound After Japan Earthquake - TheStreet
36. Stocks inching higher. GOP on spending. Obama on oil reserves
37. Stocks end week down, shaken by global woes - CSMonitor.com
38. KGO Newstalk 810 San Francisco
39. The close: Dow, TSX gain - The Globe and Mail
40. U.S. stocks shrug off massive earthquake that rocks Japan - National Economy | Examiner.com
41. Wall Street Watcher & 5 Must Know Stocks for Monday | Beacon Equity: Penny Stocks, Stock Alerts
42. US STOCKS SNAPSHOT-S&P; futures briefly turn positive | Reuters
43. Stocks, Oil Decline After Earthquake Hits Japan | OANDA Forex Blog
44. Major Averages Close Firmly In Positive Territory
45. US markets slightly lower on weak US data and Japan earthquake - NASDAQ.com
46. Stocks Turning In Lackluster Performance In Early Trading - U.S. Commentary
47. Sinking Oil Prices Boost Stocks - FoxBusiness.com
48. ShareCast - News you can use
49. TSX Ends Lousy Week With Modest Gain -- Canadian Commentary
50. From Kobe To Katrina, Disasters Have Little Sway On Stocks - WSJ.com
51. Japan's Disaster Sends Shock Waves Through Market : NPR
52. Markets end week with eyes on Japan
53. Earthquake, oil and uprising concerns unsettle investors - World Markets News
GENERATE A MULTI-SOURCE SUMMARY ON ANY SUBJECT IN SECONDS! - Use a bunch of the powerful iResearch Reporter tools from Power Text Solutions.
Try out this innovative free service today! |
|  |
|
