Stocks Drop Sharply and Credit Markets Seize UpFriday, November 21, 2008 @ 7:01AMAs a new bout of fear gripped the financial markets, stocks fell sharply again, and the credit markets seized up as confidence in the nations financial system ebbed.
Yen Weakens as Stocks Rebound, Reviving Demand for Higher YieldFriday, November 21, 2008 @ 7:00AMNov. 21 (Bloomberg) -- The yen declined as stocks rebounded on speculation that a sale of Citigroup Inc . will reduce risk in the financial system, stoking demand for higher-yielding assets financed with loans in Japan.
Icap drops as market fall acceleratesFriday, November 21, 2008 @ 7:00AM The early calm reaction by the London market to falls elsewhere seems to be over. The FTSE 100 is now down 90.7 points at 4091.32, unnerved by a downturn in the US futures. Wall Street was initially forecast to open around 60 points higher, but now the futures are suggesting a fall of nearer 90 points. Miners continue to be undermined by falling metal prices, with Antofagasta down ...
Stocks point higher after steep sell-offFriday, November 21, 2008 @ 7:00AM Wall Street looked poised to get a break from the steep sell-off of the past two days following a report that Citigroup Inc. might put itself up for sale.
Stocks Seen Rising on Report Citi Weighing SaleFriday, November 21, 2008 @ 6:56AMA report that Citigroup is considering selling part or all of the company and solid tech earnings buoy investors Friday.
Asian Markets Rebound to Close HigherFriday, November 21, 2008 @ 6:56AMAsian markets rebounded after days of sharp declines as investors bought exporters and financial stocks.
F&O Outlook: Weak rollovers indicate indecisivenessThursday, November 20, 2008 @ 11:02PMThe Nifty bounced back from the day’s low of 2,495 and closed at 2,554, much above the support level of 2,520, on short covering at lower levels. This has encouraged the bulls who expect markets to recover.
FIIs net sell Rs 874 cr in F&O on ThursdayThursday, November 20, 2008 @ 11:02PMThe Foreign institutional investors (FIIs) were net sellers of Rs 874.12 crore in the futures & options segment on Thursday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 743.31 crore while bought index options worth Rs 199.22 crore.
Oil prices fall further below $50-markThursday, November 20, 2008 @ 11:00PMWorld oil prices fell further below $50 today - near levels unseen in more than three years - on growing fears that a worldwide recession could ravage energy demand, analysts said.