Japan stocks declined Wednesday as investors began worried about U.S. recession.
Treasuries rose on Tuesday after a private report showed U.S. consumer confidence declined in March and another report indicated a decline in housing prices.
Asian markets were mixed on Wednesday morning with Japanese shares slipping on stronger Yen prices, while commodity prices helped resource stocks in Australia.
U.S. stocks were mixed on Wednesday following a rally in commodity producers boosted the market to overcome downbeat data on housing and consumer sentiment.The S&P 500 added 2.56 points, or 0.2 percent, to 1,352.44 while the Dow increased 18.56 , or 0.2 percent, to 12,530.08. The Nasdaq Composite Index rose 12.54, or 0.5 percent, to 2,339.29. Seven stocks gained for every three that declined on the New York Stock Exchange.
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U.S. stocks gained on Thursday as declining gold and oil prices eased inflation concerns, while an analyst said more mortgage purchases by Fannie Mae and Freddie Mac will help stabilize the home-loan market causing them to surge for a third day on hopes they will stabilize the housing market.
U.S. stocks dropped on Wednesday, failing to extend the market's best day in nearly five years led mainly by energy and mining companies as oil dropped more than $4 a barrel while gold fell the most in nearly two years.
Affected by investor's worrying about interest rates rising, China's Shanghai Stock Exchange composite Index (SSI) fell 151.15 points,or 3.96 percent,to reach 3668.90 on Tuesday afternoon, which reached the 8-month-lowest record since July 2007. Shenzhen Stock Exchange component index fell 718.76 points,or 5.44 percent to reach 12489.02.
The FTSE 100 dropped a staggering 217.3 points down to 5,414.4 points (minus 3.9 per cent) on Monday following the shock sale of US bank Bear Stearns to rival JPMorgan Chase. The index finished at its lowest point since late 2005.
Japan stocks recovered 12,000 line Wednesday due to eased concerns for U.S. economy and a weaker yen after an overnight equity surge on Wall Street. Securities, iron and steel, high-tech issues were soared while oil companies and some insurance issues decreased.
U.S. stocks edged off earlier gains after the Federal Reserve announced its decision to lower its benchmark interest rate by three-quarters of a percentage point in a bid to ease concerns that the US economy is slipping into a recession.
Record rise of crude oil and gold prices in global markets and growing concerns over the worsening credit crisis in the US triggered a Sensex collapse on Monday, allowing the benchmark 30-share index of the Bombay Stock Exchange (BSE) to hit a six month low and close below the psychological 15,000 level.
Treasuries rose on Monday after the Federal Reserve moved to add liquidity to the credit and financial markets with a pair of moves over the weekend and aid for struggling investment bank Bear Stearns.
Japan stocks plunged over 3 percent Monday as the Yen gained strength against the dollar and soaring fears of U.S. credit turmoil.
U.S. stocks dropped at the open on Monday after the Federal Reserve cut its discount interest rate at an emergency meeting and JP Morgan Chase & Co. agreed to buy Bear Stearns Cos. for $2 a share, fueling fears that the global credit crisis is spiraling out of control.
Sensex, the prime 30-share index of the Bombay Stock Exchange (BSE) staged a comeback on Friday and ended the week on a positive note, gaining 2.63 percent or 403.17 points, even as concerns persisted about weak US economy and subprime crisis.
U.S. Treasury note prices rose on Friday after amid continuing struggles in the financial sector as the Federal Reserve, through JPMorgan Chase, gave emergency funds to struggling investment bank Bear Stearns.
U.S. copper futures closed down erasing earlier gains on Thursday as investors worry that an economic recession in the United States could reduce demand for the metal.
U.S. stocks gained for the second day this week, with the Dow Industrials recovering from a steep 235 drop, after Standard & Poor's predicted banks might end its subprime mortgage write downs and gold soared over the $1,000 an ounce benchmark.
Treasuries rose on Wednesday after investors had a change of heart regarding the Federal Reserve's move to boost lending to banks to ease the credit crisis may not work.
U.S. stocks lost earlier gains in afternoon trade on a weaker dollar and crude oil prices topped $110 a barrel, leading investors to safeguard profits from Tuesday's rally.
U.S. Treasury bonds fell on Tuesday after the Federal Reserve announced a $200 billion plan to boost lending to banks in a move to thaw frozen credit markets.
U.S. stock futures pointed to opening with gains on Tuesday in New York after closing in the red three days in a row.
Treasuries prices rose on Monday on more news of deteriorating financial markets as investors fled to less risky investments.
U.S. stock futures were steady on Monday, point to a flat start, after indexes closed at a 19 month low on Friday following data that showed a second straight drop in monthly employment.
The 30-share prime index of the Bombay Stock Exchange (BSE), the Sensex, dropped 3.42 percent, Friday, to its lowest close in nearly six months on fears of economic slowdown in the US and rising inflation back home.
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The Federal Reserve on Friday announced emergency measures to add $200 billion into the banking system in a bid to ease persistent liquidity strains that are leading to a global credit freeze.
Treasury prices gave back earlier gains on Friday after the Federal Reserve announced a plan to boost loans to banks, offsetting early news that the U.S. lost more jobs than expected in February.
Crude oil prices hit a new record in New York above $106 on concerns the U.S. Federal Reserve will add more cuts on interest rates.
