Everything Is Down...

Published by Filipe R. Costa on Fri, 11/03/2011 - 11:01
market crash

Equity markets were down again yesterday, with the FTSE 100 closing at 5,84529, - 1.55%. US markets also opened lower and the Dow 30 closed at 11,984.61, - 1.87%. In fact yesterday was a black day across all segments, not only for equities. Gold and crude oil were also hit, with the precious metal bouncing back to near 1400.

Oil Prices Are Rising Again, Markets Down

Published by Filipe R. Costa on Wed, 09/03/2011 - 18:31
oil barrel

After a two-day break, oil prices are rising again having hit USD 116 in today's session. OPEC announcement of raising output led oil down to USD 112, but that was not a long-lasting move.

FTSE Still Walking Round and Round

Published by Filipe R. Costa on Tue, 08/03/2011 - 20:43
which way

FTSE is going up and down, and up and.... Well it is difficult to tell. The FTSE started higher today but lost steam on US markets opening, marking a low at 5911. Half an hour after US opening, a turnaround occurred, and the FTSE started a recovery to end the day at 5974.76. After all, that means less than 1 point above yesterday's close.

Downhill Racing Is Still Investors' Favourite Sport

Published by Filipe R. Costa on Mon, 07/03/2011 - 18:04
downhill racing

Another day of instability followed in stock markets, with the FTSE closing at 5973.78 points, -0.28%. The session started very well, with the FTSE able to hit 6043 points, but as usual in the last couple of days, after the US opening, we assisted at a downhill race from this index.

FTSE Here We Go (Down) Again

Published by Filipe R. Costa on Fri, 04/03/2011 - 16:49
FTSE down again

Equity markets were able to recover yesterday, with the FTSE marking a 1.52% gain and the Dow 1.58%. Today, the FTSE opened higher, starting the day testing 6020 points and edging as high as 6052. At 1.30pm markets were shaken by unemployment and non-farm payrolls data coming from the US Labour Department. The unemployment rate decreased to 8.9% in February from 9.0% in January and was a positive surprise since markets were expecting 9.1%. Non-farm payrolls rose by 192,000, a positive rise and above expectations.

FTSE Took Off, EUR/USD at 3 Month High

Published by Filipe R. Costa on Thu, 03/03/2011 - 17:48
take off

Finally the FTSE was able to open higher and keep gaining through the day session without a late retracement. Fears about Middle East are still in place, but after a good run of economic and corporate news, markets are edging higher and recovering losses from past days. Today the FTSE rallied 90 points, or 1.52%, closing above the 6,000 level, at 6005.09. DAX 30 also rose, but by a more modest 0.62% figure.

FTSE Edged Lower, Instability Remains

Published by Filipe R. Costa on Wed, 02/03/2011 - 18:29

The FTSE 100 opened lower today, pushed down by yesterday sell off in US markets mostly due to all the instability in the Middle East.

At 9.30am GMT, the Construction PMI was released in the UK, with the index showing a reading of 56.50, higher than expected, indicating expansion of the manufacturing in the construction industry. This helped the GBP against its major pairs, in special against the USD. The pair started the day at 1.6226 and edged higher to 1.6324 at UK markets close, a gain of 100 points.