MicroStockProfit

Foreign Markets

The rally extended to a second day in the global marketplace. In Europe, the FTSE 100 index of leading British shares gained 10.28 points, or 0.3 %, at 3,725.51, while Germany’s DAX, rose 55.07 points, or 1.4 %, to 3,942.05. The CAC-40 in France was 41.97, or 1.6 % higher, at 2,705.65.

In Asia, Japan’s Nikkei index, having fallen to a 26-year low in the previous trading session, closed 321.14 points, or 4.6 %, higher at 7,376.12. Hong Kong’s Hang Seng index rallied further, gaining another 236.61 points, or 2 %, to 11,930.66.

Read the rest of this entry »

Foreign Markets

Oil stocks helped lead most indices higher Tuesday as signals of additional supply cuts sent crude inching toward $50. Japan’s Nikkei 225 stock average fell 31.05 points, or 0.4 %, to 7,054.98. In Hong Kong, the Hang Seng added 349.47, or 3.1 %, to 11,694.05 after the government said it was probing a massive drop in share price of super bank HSBC. South Korea’s Kospi added 1.9 % to 1,092.20.

Bank shares climbed after a leaked memo from the Citigroup’s (C) CEO Vikram Pandit indicated that the teetering on the brink financial institution enjoyed its best financial performance in over a year during the first two months of 2009. In late morning trading in Europe, the FTSE 100 index of leading British shares was up 55.75 points, or 1.6 percent, at 3,598.15, while Germany’s DAX rose 66.72 points, or 1.8 percent, at 2,758.75. France’s CAC-40 was 31.77 points, or 1.3 percent, higher at 2,551.06.

Read the rest of this entry »

Foreign Markets

Asian indices were mixed on Friday, where the Nikkei 225 stock average rose 110.49 points, or 1.5 %, to 7,568.42 — but finished the month down nearly 4 % to extend this year’s losses to almost 15 %. In Hong Kong, the Hang Seng pulled back 0.7 % to 12,880.89 in a back-and-forth session. South Korea’s Kospi rose 0.8 % to 1,063.03. Stocks lost significant ground in Europe, where Britain’s FTSE 100 plunged 2 % to 3,834.89, Germany’s DAX lost 2 % to 3,863.96, and France’s CAC 40 dropped 1.5 % to 2,702.89.

Read the rest of this entry »

Foreign Markets

Stocks around the globe rose as the U.S. government is contemplating raising its stake in Citigroup rather than nationalizing the financial company. In Asia, Japan’s Nikkei 225 stock average recovered some of its losses to end down just 40.22 points, 0.5 %, at 7,376.16, while Hong Kong’s Hang Seng closed up 475.93 points, or 3.8 %, at 13,175.10.

In Europe, the FTSE 100 index of leading British shares was up 10.81 points, or 0.3 %, at 3,899.87, while Germany’s DAX rose 42.68 points, or 1.1 %, to 4,057.34. The CAC-40 in France was up 34.07 points, or 1.2 %, at 2,784.62.

Read the rest of this entry »

Foreign Markets

Global stocks rallied starting in Asia as Japan’s Nikkei 225 Stock Average rose 206.84, overnight to 8,230.15; a gain of 2.58%. In Europe, the FTSE 100 index of leading British shares was up 99.41, or 2.41% to 4,220.52, while Germany’s DAX gained 128.01 points, or 2.95% to 4,464.74.

Read the rest of this entry »