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Market Update : 
Weak U.S. Insurance Stocks, Global Indexes
Author: 123jump.com Staff
123jump.com
Last Update: 9:18 PM ET October 01 2008


(Continued)

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Stocks in New York traded sideways ahead of the U.S. Senate vote on the proposed bailout plan. Stocks of insurance companies declined sharply as earnings worries take hold. Principal Financial, Hatford Financial, MetLife and Prudential plunged more than 5%. GE plans to raise $12 billion.

 
Europe Markets Review

In London FTSE 100 Index closed higher 57.10 or 1.16% to 4,959.60, in Paris CAC 40 Index increased 22.44 or 0.56% to close at 4,054.54 and in Frankfurt DAX index lower 24.69 or 0.42% to close at 5,806.33. In Zurich trading SMI increased 72.74 or 1.09% to close at 6,727.63.

Asian Markets Review

The Nikkei 225 Index in Tokyo closed higher 108.40 or 0.96% to 11,368.26. ASX 200 index in Australia increased 194.10 or 4.22% to close 4,794.60. Markets of Hong Kong, Shanghai and Malaysia were closed today.

The Kospi Index in South Korea decreased 8.39 or 0.58% to close at 1,439.67 and SET index in Thailand closed lower 2.09 or 0.35% to 594.45. The Sensex index in India increased 195.24 or 1.52% closed to 13,055.67. Market of Indonesia was closed today.

Commodities, Metals, and Currencies

Crude oil decreased $1.90 to close at $98.74 a barrel for a front month contract, natural gas increased 34 cent to $7.78 per mBtu and gasoline futures decreased 9.03 cents to close at 236.74 cents per gallon.

Wheat futures closed down 10.25 cents in Chicago trading and closed at $6.6975 a bushel. Sugar increased 0.27 cent to 13.97 cents a pound. Soybean future closed up 8 cents to $10.53 a bushel.

Gold decreased $1.00 in New York trading to close at $879.80 per ounce, silver closed up $0.29 cents to $12.56 per ounce and copper for the front month delivery decreased 10.55 cent to $2.77 per pound.

Dollar edged higher against euro to $1.4016 and gained against yen to 106.03.

Yields on 10-year U.S. bonds decreased to 3.73% and decreased to 4.21% with 30-year of maturities.


$17.04
3.40%
$13.34
3.33%
$76.99
0.06%
$53.90
-0.13%
$30.56
1.16%
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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