May 8th, 2008
Japanese stocks fell, led by makers of cars and tires, after Toyota Motor Corp. said profit will probably drop for the first time in a decade and Bridgestone Corp. reported a decline in earnings.
Toyota, Japan’s largest company by value, tumbled the most in five weeks after saying profit will likely slide 27 percent this year. Smaller rivals Honda Motor Co. and Nissan Motor Co. also sank. Bridgestone, the world’s No. 2 tiremaker, said net income fell in the first quarter amid rising raw materials prices.
April 2nd, 2008
US shares slumped lower on Wednesday for the first day this week after the Federal Reserve Chairman Ben Bernanke acknowledged a possible recession in on the Capitol Hill.
“The bottom line is the Fed has downgraded the short-term economic outlook since its latest round of projections,” said Stephen Stanley, chief economist at RBS Greenwich Capital.
April 2nd, 2008
UK stocks ended on a firm note on Wednesday bounce of the metals industry and the second day of profits for banks like Barclays assets and losses of capital markets from other companies such as HBOS more exposed to mortgages local trends.
Overall, the FTSE 100 (UK: UKX: news, chart, profile) rose by 63.3 points or 1.1% to 5915.90 unstable during a meeting. Gains came on the later stages of the meeting, given that the market belongs to testimony from the Federal Reserve Chairman Ben Bernanke.
January 13th, 2008
From the recession swept by Wall Street, share prices Send significantly lower, while investors sought the safety of Treasuries and gold.
“The markets are panicked about the real estate market, they are panicked about the solvency and the labour market. And there are great concerns about the recession and the company’s profitability,” said Michael Darda, chief economist at MKM Partners. “It is the sum of all fears come together.”
[PAN]
The Dow Jones Industrial Average lost 1.9% Friday, declining 246.79 points finish 12606.30. With the loss Friday, the Dow has increased by 5% this year, the worst start since 1991, as the economy into recession.
The Standard & Poor’s 500-share index fell by 1.4% or 19.31 points at 1401.02. On Friday the decline, the year-to-date loss hit 4.6%, the fourth worst start of each year in the S & P 500 history dating back to the period of 1928. The storage technology focused Nasdaq Composite Index lost 2% or 48.58 points at 2439.94 increased by 8% this year.