iflove Archive for the 'Stock Market' Category

European stocks fell Tuesday on Profit-Taking, which may prove too tempting after the very positive start to the year’s trading globally.

Stocks ended the next-to-last day of 2009 little changed as welcome news on manufacturing helped offset a drop in commodities prices. Stocks little changed as dollar strengthens.

European shares slipped as commodities weigh in thin early trading on Wednesday. By 0914 GMT, the pan-European FTSEurofirst 300 .FTEU3 index was down 0.2 percent at 1,045.25 points, with volumes on the index about 5 percent of the 90-day daily average.

Shares of JAL tumbled to a record low on growing investor worries that the carrier will be restructured in a bankruptcy court as part of a state bailout. Asian stocks faded on Wednesday as year-end trade dwindled, with profit-taking pulling down shares and bankruptcy worries about Japan Airlines weighing on the Nikkei, while the dollar rose broadly.

Stocks end shortened session at new 2009 highs, following positive reports on unemployment and durable goods orders.

Asian stocks mostly lower in sluggish trade.The Situation is severe. HONG KONG (AP) — Asian stocks were mostly lower Monday in dwindling year-end trade, but Japan’s market rose modestly amid hopes a pickup in trade could help the world’s second-biggest economy avoid another recession.

G-7 Nations Heads Commit to All Necessary Steps to Stem Global Meltdown: Group of Seven finance chiefs, meeting after stocks plunged and as a global recession looms, vowed to prevent the failure of vital banks while failing to unveil new initiatives for thawing credit markets.
“The current situation calls for urgent and exceptional action,” the finance [...]

President Bush Says U.S. Using Wide Range of Tools on Financial Crisis. The news are as following: President George W. Bush said the U.S. government will “aggressively” use a “wide range of tools” to help stabilize markets and resolve the financial crisis.
“The United States government is acting; we will continue to act to resolve this [...]

Morgan Stanley, Goldman Sachs May Reap Cash Infusions, Receive Investment From U.S. Treasury: Morgan Stanley and Goldman Sachs Group Inc., the biggest independent U.S. investment banks, may reap cash infusions as part of Treasury Secretary Henry Paulson’s plan to buy stakes in financial institutions, investors said.
Paulson, in a statement yesterday, said the U.S. will purchase [...]

Morgan Stanley to Secure Financial Lifeline from Japanese Bank Just As Stock Falls. Morgan Stanley was racing on Friday to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.
Shares of Morgan Stanley declined 22 percent, to $9.68 Friday. They closed at $23.92 Oct. 3 [...]