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NEW YORK (April 11, 2009): US stocks jumped on Thursday after
Wells Fargo said it expects to report a record quarterly profit, fuelling a month-long
rally prompted by hopes that deterioration in the financial sector was
abating. Wells Fargo shares shot up 31.7 percent to $19.61 after the bank saw
strength in its mortgage banking business as refinancings hit a six-year
high. |
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NEW YORK (April 11, 2009): The financial, stock and commodity
markets of US, UK, many in Asia and in Europe were closed due to Good Friday
and will remained closed on Monday April 12 for Easter holiday. Normal
trading will resume from Tuesday. Some markets will resume trading from
Wednesday. |
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TOKYO (April 11, 2009): Japans Nikkei average rose 0.5 percent in
active trade on Friday to its second three-month closing high in as many
days, though banks tumbled as worries about their shareholding losses
reignited. After days of see-saw trade, the benchmark ultimately marked gains
of 2.4 percent on the week for its fifth successive week of rises, its best
such run in nearly a year. |
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TAIPEI (April 11, 2009): Taiwan stocks closed 2.01 percent higher
at a seven-month high on Friday, posting their seventh straight week of gains
as LCD shares such as Chi Mei jumped on hopes the sector had bottomed out.
The main TAIEX share index closed 114.16 points higher at 5,781.96, its
strongest close since September 26. |
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SHANGHAI (April 11, 2009): Chinese stocks climbed 2.7 percent to
a seven-month closing high on Friday in active trade, led by resource shares
as investors grew optimistic that the latest economic data would show the
most difficult period had passed. The Shanghai Composite Index ended at
2,444.226 points, near its intraday high and approaching the 250-day moving
average, now at 2,468, that has offered strong resistance and capped the
markets recent rally. |
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HONG KONG (April 11, 2009): Hong Kongs financial markets were
closed on Friday and will be closed on Monday for the Easter holidays.
Markets will resume trading on Tuesday, April 14. |
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BANGKOK (April 11, 2009): Thai shares closed 2.21 percent higher
on Friday in line with the regional trend but escalating anti-government
protests in the kingdom suppressed gains, dealers said. The Stock Exchange of
Thailand (SET) composite index rose 9.81 points to close at 453.88 while the
blue chip SET-50 index gained 7.66 points to 318.57. |
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TORONTO (April 11, 2009): Torontos main stock index closed 2.4
percent higher on Thursday, recording its fifth straight weekly gain, as
financial issues got a lift from upbeat news from the US banking sector and
higher oil prices boosted energy shares. US bank Wells Fargo & Co said it
expected to post record first-quarter profit, which fuelled investor hopes
that the battered US banking sector may be headed for stability. |
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SAO PAULO (April 11, 2009): Brazils stocks jumped to a six-month
high on Thursday as higher oil and metals prices lifted heavyweights
Petrobras and Vale, while Itau and Bradesco charged higher following a rally
in global banking stocks. The Bovespa index of the Sao Paulo stock exchange
rose 3.07 percent to 45,538.71 points, trading at its strongest level since
October 2. |
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SEOUL (April 11, 2009): Seoul shares rose on Friday on growing
optimism about the economy, fuelled by a positive growth estimate for the
first quarter from South Koreas central bank, helping shares hit a six-month
closing-high. The Korea Composite Stock Price Index (KOSPI) ended up 1.50
percent at 1,336.04 points, posting its fifth consecutive week of gains, the
longest weekly winning streak since June, 2007. |
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South Korean treasury-bonds
fall SEOUL (April 11, 2009): South Korean government bonds fell but
recouped much of their earlier losses on Friday, with investors bracing for
bond auctions on Monday while digesting the central banks revised gross
domestic product projections. The finance ministry will sell up to 2.83
trillion won ($2.15 billion) in 5-year treasury bonds while the central bank
plans to issue 6 trillion won in monetary stabilisation bonds on Monday. |
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EW YORK (April 11, 2009): US Treasury debt prices fell on
Thursday in an abbreviated session as a powerful rally in stocks and some
rising expectations of economic stabilisation hurt the safe-haven appeal of
government bonds. Wall Street received earnings-related news that assuaged
some concerns over the troubled US banking sector, benefiting riskier assets
such as stocks at the expense of more conservative investments like
Treasuries. |
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NEW
YORK (April 11, 2009): US treasuries bid yields on Friday (April 10, 2009). |
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NEW
YORK (April 11, 2009): US treasuries bid prices on Friday (April 10, 2009). |
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NEW YORK (April 11, 2009): US stocks typically rebound six months
before the economy, but investors worry that the current 25 percent rally
since the markets March 09 low could be a red herring. At the same time, lack
of investor conviction - or simple fear - can be considered a sign of a
healthy market. |
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NEW YORK (April 10, 2009): US stocks snapped a two-day slide on
Wednesday on news the government is shoring up life insurers and optimism
about consumer spending after Bed Bath & Beyond Inc reported a
better-than-expected profit. Life insurers, whose capital base has been
eroded by falling markets, have met requirements for government funds, the US
Treasury said. |
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NEW YORK (April 10, 2009): US stocks jumped on Thursday after
Wells Fargo said it expects to report a record quarterly profit, providing a
ray of hope for the struggling financial sector and adding fuel to the
month-long rally. |
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TOKYO (April 10, 2009): Japans Nikkei average climbed 3.7 percent
to a three-month closing high on Thursday, with Sony Corp and other
electronics firms cheered by an economic stimulus plan that spurred hopes of
revived consumer spending. Automakers and solar power-related firms gained
after a draft of the ruling Liberal Democratic Party stimulus plan showed it
will feature bigger than expected spending of 15.4 trillion yen ($154.5
billion) and contain measures to encourage the use of solar panels and
fuel-efficient cars. |
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LONDON (April 10, 2009): Britains leading share index ended 1.5
percent higher on Thursday, snapping a four-day losing run, boosted by US
bank Wells Fargos strong first-quarter outlook and easing US jobless claims.
The FTSE 100 closed up 58.19 points at 3,983.71 in a choppy session, but
ended the week with a weekly loss of 1.1 percent. |
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LONDON (April 10, 2009): Major stock markets outside the United
States ended on Thursday. |