GLOBAL MARKETS

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Retreat in transport stocks bodes well for market

July marked the end of the road for the rally in transportation stocks, and while the sector is seen as a bellwether, investors say its swoon could actually be a bullish sign for the broader stock market.

FTSE closes higher as miners, Corus gain

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Britain's FTSE 100 share index closed higher on Tuesday as a surge in the cost of base metals boosted miners such as Xstrata, while steelmaker Corus rose on bid talk and reassuring results from a rival.

Nikkei ends above 15,000 as techs push higher

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The Nikkei average rose 1.42 percent on Tuesday to end above 15,000 for the first time in more than a week as Tokyo Electron Ltd. and Toshiba Corp. climbed after strong quarterly results from U.S. chip firms boosted expectations of higher earnings at home.
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FTSE soars as oil dips, Vodafone up

UK stocks closed at their highest level in nearly two weeks on Monday as numbers from Vodafone boosted investor confidence at the start of a busy earnings week and concerns over the conflict in Lebanon eased slightly.
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FX risks mount for China firms as policy evolves

Chinese firms may for the first time face major currency risks in the coming year - not only because the yuan is rising but because officials are shifting more responsibility for risk from the government to companies.
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New Amendments and Conference Notes

The NASD has two new resources to support firm's Anti Money Laundering (AML) programs. A free webcast is available at http://www.nasd.com/webcasts/aml.
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Oil prices hover above $78 per barrel

Oil prices topped $78 per barrel Friday and held near record highs as intensifying violence in the Middle East raised concerns of possible supply disruptions.
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FTSE Drops 1 Pct on Political, Rate jitters

Leading British shares dropped 1 percent on Thursday, as escalating geopolitical tensions, record high oil prices and concerns over U.S. corporate profits sent jitters through global equity markets, while a decline in Aviva Plc shares also weighed.
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Rising Rates Tempt Investors Into Cash

Offering yields not seen in years, savings accounts, certificates of deposits and money market funds are enticing investors rattled by the recent gyrations in stocks and bonds.
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Yields Below Fed Funds May Signal Fed Overshoot

A U.S. Treasury market rally that has driven bond yields below the key inter-bank overnight lending rate may be the strongest signal yet from the bond market that the Federal Reserve has gone too far in its campaign to raise interest rates.
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Equities still expensive by some measures

How easily global equities bounce back from May-June losses is in large part dependent on how much of a bargain shares have become for investors, and that depends on what measure you choose to determine value.
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Dollar slides after tame US inflation measure

The dollar fell on Friday after a tame measure of core U.S. inflation reinforced market expectations that the Federal Reserve may be nearing the end of its two-year-long monetary policy tightening cycle.
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Global Shares up after Fed

Euro zone government bonds fell on Friday as investors focused on upcoming European Central Bank rate hike plans after the U.S. Federal Reserve hinted interest rates there may have peaked, which pushed up shares and forced the dollar down.
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Nikkei jumps 2.5 pct on tech gains after Fed move

The Nikkei jumped 2.54 percent to finish at its highest close since June 5 on Friday as exporters such as Toyota Motor gained on rising hopes that the U.S. interest rate-hike cycle may be nearing an end, easing concern of a slowdown in the world's largest economy.
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FTSE 100 at 3-week high as oils and miners jump

Britain's FTSE 100 share index hit a 3-week high on Thursday, fired up by strong resources and bank stocks, although trading levels were modest ahead of a U.S. interest rate decision. Banks saw HSBC and Royal Bank of Scotland gain 1.1 percent, while Barclays put on 1.5 percent.
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Dollar firm, awaits Fed rate decision, statement

The dollar edged higher across the board on Wednesday as investors awaited signals from the Federal Reserve on further interest rate hikes which may accompany a rise widely anticipated for later this week.
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Markets stall as Fed meeting looms, oil at $72

Financial markets stalled on Wednesday as uncertainty about when the Federal Reserve will end its monetary tightening campaign kept investors sidelined, while crude oil rose above $72 a barrel on worries about U.S. gasoline supplies.
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Nikkei falls 1.7 pct as Bridgestone slides

The Nikkei fell 1.74 percent on Wednesday as tyre maker Bridgestone Corp. a day earlier cut its profit forecast citing higher raw material costs, pulling down its own shares and those of rivals and chemical makers.
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UK stocks head higher as takeover action returns

Takeover action spurred UK stocks higher on Wednesday, with music group EMI surging after rejecting a bid from Warner Music and steelmaker Corus rising on talk of a possible offer from Russia's Severstal.
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Stock Bulls Hope Rebound Has Legs

If bulls have their way next week, U.S. stocks could extend the rebound that has some on Wall Street hoping the worst is over after a month-long sell-off.
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Asian Markets End Week With Rally

Asian markets rallied for a second day Friday, recovering from a plunge Tuesday that sent stocks in the region to their lowest levels in months.
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Canada Dollar Drops After China Ups Reserve Policy

The Canadian dollar fell hard against the the U.S. dollar on Friday after China's central bank decided to increase its reserve requirement, which triggered concerns about future demand for commodities.
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JPMorgan says stock rout could worsen

A global sell-off in stocks that started in May is not over and may only be just starting, Abhijit Chakrabortti, global equity strategist at JPMorgan Chase & Co., said on Tuesday.
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U.S. Treasury Bonds Down Ahead of Fed Speeches

U.S. Treasuries were down slightly on Monday, ahead of a series of Federal Reserve speakers this session and before this week's inflation data, which could shed insight on the likelihood of a June rate hike.
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Wall Street Averts Steep Losses, Ends Nearly Flat

Just as it seemed that Wall Street would be heading into a foruth day of steep declines on inflation fears and higher interest rates across the globe, investors rallied Thursday to end the day nearly flat.

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