Morning Update, 29 June 2009
The week ending 26 June 2009 witnessed the stock markets making some major swings but eventually settled essentially unchanged as early losses were offset by gains later in the week. Trading was highlighted by corporate news from some widely-held names, economic data and the FOMC policy announcement. On Friday, the Dow closed 34.01 points lower (-0.40%) to end the day at 8,438. The index wobbled through the day, before ending lower. The NASDAQ closed 8.68 points higher (+0.47%) to finish at 1,838.22.
Most of the Indian ADRs ended positively on Friday. HDFC Bank (HDB) was the biggest gainer, up 3.03%, closing at $100.00. Tata Comm. (TCL) was the biggest loser, down 0.21%, closing at $18.55.
Weak sentiments saw the European markets ending lower once again. The UK’s FTSE closed 11.56 points down (-0.27%), ending at 4,241. Germany’s DAX closed 24.09 points down (-0.50%), ending trading at 4,776.
As of 9:27 am IST, the Asian markets were witnessing mixed results. While Japan’s Nikkei is currently trading 36.47 points higher, up 0.37%, the Hang Seng is currently trading 10.07 points lower, down 0.05%.
WTI Brent crude oil closed at $68.70 per barrel, down $0.46 (-0.67%). Nymex light crude August futures closed at $68.80, down $0.36 (-0.52%). August COMEX gold futures closed at $936.50 per ounce, down $4.50 (-0.48%).
As of 9:32 am IST, the Yen (¥) fell against the USD, by ¥0.31 to ¥95.48. The Euro (€) fell €0.0019 to €0.7123 against the dollar. The Pound (￡) fell ￡0.0016 to ￡0.6065 against the dollar.
The rupee rose by Rs. 0.50 to Rs. 48.10/11 on Friday, against the greenback.
Tags: Asian Equities, Comex Gold, Commodities, Currencies, DAX, DJIA, Dow, Euro, European equities, FTSE, Hang Seng, International Markets, NASDAQ, Nikkei, Nymex Crude, NYSE, Pre-market summary, Rupee, Rupee/USD, US equities, USD, USD/Euro, USD/JPY, WTI Brent Crude, Yen
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