forex philippines

Early Stock Gains Wane; Volume Off

Commenting on the 85-point spurt Friday and Monday, Kenneth P. Ducey, senior vice president in the trading department of S. G. Warburg & Company, said, ”The market came out of a good rally; now you’re back to the same condition before the rally.” Pointing to the steep drop in volume from 188.3 million Tuesday to only 135.5 million yesterday, he said, ”It looks like the buying power’s dried up.” ”Nothing’s changed,” he said. ”There’s a little more favorable news out of the Middle East; it looks like they’re talking. You have talk of easing interest rates but no action.”
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arbitrage forex

Dow rises but finishes day down 15.84 points

Stock prices rose sharply in early trading Wednesday but began dropping by midday and continued dropping until the close. The Dow Jones industrial average closed at 2,489.36, down 15.84. With the Dow down only moderately, changes among individual blue chips were mostly small. The only Dow changes of a point or more included General Motors, which fell 1 5/8 to 35 3/8 after it said late September car sales slid 12.2 percent. GE fell 1 1/4 to 54 1/2 after announcing appliance-plant layoffs because of the economic slump. Sears, which has been under selling pressure, fell 1 1/2 to 25 3/8.
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cme forex

Leading Index Was Unchanged During July — Data Confirm the Economy Was Weak Even Before The Persian Gulf Crisis

The government’s principal economic forecasting index was flat in July, another sign that the economy was precarious even before turmoil in the Middle East jarred American consumers and businesses. The flat reading of the index of leading indicators, a collection of 11 sets of economic statistics that are supposed to foreshadow economic activity six to nine months in advance, followed a 0.1% rise in June and a 0.6% increase in May. Those figures marked slight revisions from last month when, based on preliminary data, the department calculated that the index was unchanged in June and rose 0.7% in May. Only three of the 11 indicators made positive contributions to the index last month: orders for new plant and equipment, raw materials prices and an index of consumer confidence all rose. The other eight — including stock prices, unemployment claims, factory orders and building permits — held the index down.

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linear regression forex

CAPITAL: Is Wall Street Overaggressive In Bond Pricing? Series: 1

“You’ve got a negative market on the one hand, anxious banks on another, and investment banks who are anxious for business,” said a treasury official at one regional bank. “There’s a certain amount of pain that’s going to be shared by everybody.” If banks “have a lot of paper to do, they can’t push the market too hard,” said Matthew J. Grayson, a vice president at Salomon Brothers Inc. “But some people let the investment banks bid themselves down to loss levels.” “There is an industry factor that goes into spreads,” he said, noting that the spread relative to Treasuries on his own bank’s bond issue has widened about 30 basis points. “The various concerns that may be out there for industry credit quality is affecting spreads as well as stock prices.”
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forex capital management

Stock prices slip after economic data released

Brokers also noted that stocks on Friday had to contend with rising oil prices in the commodity markets. Crude oil for October delivery climbed 69 cents a barrel to $31.76 on the New York Mercantile Exchange amid resurgent worries about the Persian Gulf crisis. Losers among the blue-chip industrials included General Motors, down 3/4 at 37 1/2; General Electric, down 7/8 at 59 1/2; Digital Equipment, down 2 7/8 at 56 3/8, and International Business Machines, down 5/8 at 104 3/8. Bank stocks, which had a rocky weak amid persistent credit-crunch worries, turned in a mixed showing. Chemical Banking fell 5/8 to 20 1/4, and Citicorp slipped 1/8 to 17 1/4, while J.P. Morgan rose 1/2 to 32 5/8 and BankAmerica was unchanged at 21 3/4.
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forex iraq

DG Pays $6m to Settle 2 Lawsuits

Data General Corp., the big and troubled Westborough computer maker, has agreed to pays $6 million to settle two lawsuits accusing some top officers of knowingly issuing false statements about the company’s finances to artificially inflate the price of the stock, a company spokesman said yesterday. The company also said another class-action suit had been filed alleging the company made misleading statements about the state of its business earlier this year. The company said that suit is without merit. (excerpt)
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forex genuine online trading

Time, Warner Disclose Fees For 3 Advisers — Investment Banks to Receive $36 Million if Merger Of Firms Is Completed

In proxy materials for June 23 shareholder meetings to vote on the merger, Time and Warner disclosed the advisory fees that will be paid to Lazard Freres & Co., Wasserstein Perella & Co. and Shearson Lehman Hutton Inc. The proxy material also indicates that certain previously disclosed payments for Warner’s chief executive officer, Steven J. Ross, could exceed $125 million depending on what happens to the stock price of the combined company after the merger. But Time’s proxy document — 150 pages not including exhibits — was a disappointment to some takeover stock traders. Time stock has risen in recent weeks partly because the traders speculated that the material would disclose talks between Time and potential acquirers of Time. Among rumored companies were Gulf & Western Inc., Capital Cities/ABC Inc., Cablevision Systems Corp. and Robert M. Bass Group Inc. In the case of Capital Cities, talks apparently took place but never reached a stage where Time felt it necessary to disclose them. Executives familiar with the talks said Time approached Capital Cities before it began talking to Warner. The talks were “serious” and went on for several days, involving Capital Cities Chairman Thomas Murphy, but fell apart when the sides were unable to agree on what would be done with Time’s unit that operates local cable systems, the executives said. Time and Capital Cities declined to comment.
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