Markets in Asia fell sharply.
The Nikkei fell 1.8% to 9.891, Mitsubishi UFJ (NYSE:MTU) rose.
The Hang Seng fell 2.7% to 21,173. HSBC (NYSE:HBC) and PetroChina (NYSE:PTR) fell.
The Shanghai Composite dropped 2.3% to 2,850.
Data from Reuters.
Douglas A. McIntyre
Markets in Asia were higher.
The Nikkei rose 1% to 10,337.
The Hang Seng was up 1% to 22,531. PetroChina (NYSE:PTR) rose.
The Shanghai Composite was up by 1.5% to 3,084.
At the open in Europe, the FTSE was down .1% to 5,277. A large investor will sell a stake in Barclays (NYSE:BCS). The Dax was up .2% to 5,863, and the CAC 40 was higher by .1% to 3,895.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed.
The Nikkei was down .2% to 10,237. Mitsubishi UFJ (NYSE:MTU) rose.
The Hang Seng was up 1.1% to 22,179. CNOOC (NYSE:CEO) and PetroChina (NYSE:PTR) rose.
The Shanghai Composite was up 2.1% to 3,028.
At the open in Europe, the FTSE rose .9% to 5,235. The Daxx was up .8% to 5,791 and the CAC 40 rose .8% to 3,855.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed.
The Nikkei rose .2% to 10,258.
The Hang Seng fell .1% to 21,988. Petro China (NYSE:PTR) was up but Sinopec (NYSE:SNP) fell.
The Shanghai Composite fell 1.% to 2,977.
At the open in Europe, the FTSE rose .6% to 5,250. The Dax rose .4% to 5,856. The CAC 40 was up .3% to 3,897
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed.
The Nikkei dropped .3% to 10,051.
The Hang Seng moved up 1.7% to 21,839. PetroChina (NYSE:PTR) and Sinopec (NYSE:SNP) moved up on oil prices.
The Shanghai Composite rose 1.2% to 2,970
At the open in Europe, the FTSE was up 1.3% to 5,220. Rio Tinto (NYSE:RTP) rose. The Dax was higher by 1.3% to 5,781. and the CAC 40 rose 1.4% to 3,854.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed.
The Nikkei rose .8% to 9,892.
The Hang Seng was down .2% to 21,448.
The Shanghai Composite rose 4.8% to 2,912. PetroChina rose (PTR) and HSBC (HBC) fell.
At the open in Europe, the FTSE was down .2% to 5,148. Tha Dax fell .1% to 4,709 and the CAC 40 fell .1%
Data from Reuters and MarketWatch.
Douglas A. McIntyre
The Shanghai stock exchange rocketed up 2..5 % after being closed most of the week.
Energy stocks lead by PetroChina (NYSE:PTR) made among the largest moves as crude traded up toward $72.
Douglas A. McIntyre
Markets in Asia were mostly lower.
The Nikkei fell 2.5% to 9,732.
The Hang Seng dropped 2.6% to 20,415. HSBC (HBC) fell sharply. PetroChina (PTR) and Sinopec (SNP) also fell.
The Shangai Comsite was higher by .9% to 2,779.
At the open in Europe, the FTSE fell .6% to 5,019. The Dax was down .6% to 5,520, and the CAC 40 dropped .9%.
Data from Reuters and MarketWatch
Douglas A. McIntyre
Markets in Asia were markedly lower.
The Nikkei dropped 2.5% to 10,010. Honda (HMC) fell sharply.
The Hang Seng was off 1.5% to 20,697. China Unicom (CHU) and PetroChina (PTR) both fell.
The Shanghai Composite fell 2.7% to 2,764.
At the open in Europe, the FTSE was up .4% to 5,100. The Daxx was up 1% to 5,639 and the CAC 40 rose .1% to 3,742.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Reuters: Ebay (EBAY) will sell Skype to private investors.
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Reuters: A US judge ruled against AIG (AIG) in a dispute with its former CEO. Read More
Markets in Europe were sharply higher.
The Nikkei rose 3.4% to 10,581.
The Hang Seng rose 1.5% to 20,500. Sinopec (SNP) and PetroChina (PTR) both jumped.
The Shanghai Composite was up 1.2% to 2,993.
At the open in Europe, the FTSE was up .5% to 4,784. Rio Tinto (RTP) moved up. The CAC 40 rose .2% to 3,624.
Data from Reuters and MarketWatch.
Douglas A. McIntrye
Markets in Asia rose.
The Nikkei was up 1.8% to 10,383.
The Hang Seng was up 2.3% to 20,407. PetroChina (PTR) was up sharply.
The Shanghai Composite rocketed up 4.5% to 2,912.
At the open in Europe, the FTSE rose 1% to 4,736. BP (BP) was up as energy prices rose. Rio Tinto (RTP) and BHP Billilton (BHP) were also higher. The Dax rose 1.1% to 5,289. The CAC 40 was higher by 1.3% to 3,495.
Data from MarketWatch and Reuters.
Douglas A. McIntyre
There is a tremendous amount of agita about the Chinese arresting four Rio Tinto (RTP) employees on charges of trade secret infringement and bribery. The action came too soon after Rio Tinto broke off an agreement for Chinalco to buy nearly one-fifth of the UK and Australia-based company. It was hard to avoid the issue of whether the central government of the world’s most populous country had made the arrests as some form of retaliation. The Chinese are like that. Read More
Markets in Asia were sharply lower.
The Nikkei fell 3.1% to 10,289.
The Hang Seng was down 3.5% to 20,169. PetroChina (PTR) was down 4%.
The Shanghai Composite was off 5.8% to 2,871.
At the open in Europe, the FTSE dropped .8% to 4,675. Rio Tinto (RTP) fell sharply. The Dax dropped 1.1% to 5,253. The CAC 40 was down .9% to 3,463.
Data from Reuters and MarketWatch
Douglas A. McIntyre
Most markets in Asia were up slightly.
The Nikkei rose .5% to 10,165. Honda (HMC) rose on good results as did Sony (SNE).
The Hang Seng was up .9% to 20,312. Lower oil prices pushed down shares in PetroChina (PTR).
The Shanghai Composite was up 1.7% to 3,322.
At the open in Europe, the FTSE was up .9% to 4,586. The Dax rose .6% to 5,303. The CAC 40 moved up .7% to 3,390. France Telecom (FTE) and Alcatel-Lucent (ALU) both rose.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mostly higher.
The Nikkei rose 1.6% to 9,945.
The Hang Seng was up .5% to 19,913. PetroChina (PTR) moved up with th eprice of oil.
The Shanghai Composite was up 1.3% to 3,372.
At the open in Europe, the FTSE was down .3% to 4,546. BHP Billiton (BHP) was down and Vodafone (VOD) rose on results. The Dax fell .4% to 5,226. The CAC 40 was down .6% to 3,355.
Data from MarketWatch and Reuters.
Douglas A. McIntyre
Markets in Asia fell.
The Nikkei dropped 2.4% to 9,421. Toyota (TM) fell on concerns about the economy.
The Hange Seng dropped. .7% to 17,734. PetroChina (PTR) fell on dropping oil prices.
The Shanghai Composite dropped .3% to 3,081.
At the open in Europe, the FTSE fell .2% to 4,180. The Dax dropped .2% to 4,589, and the CAC 40 was down .4% to 3,034.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were higher.
The Nikkei rose .9% to 9,786.
The Hang Seng was up 1.3% to 17,878. Sinopec (SNP) and China Petroleum (PTR) rose on a the anticipation oil with rise with the US recovery.
The Shanghai Composte was up .9% to 2,880.
At the open in Europe, the FTSE was up .1% to 4,285. BHP Billiton (BHP) was up as commodities rose. The Dax was up .2% to 4,429. The CAC 40 fell .2% to 3,187.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
We keep getting asked a single question from readers and from our own industry and professional contacts: Are Oil Stocks Cheap? There is a very simple answer in today’s markets: Oil stocks look very cheap (if oil is going to stay anywhere near $70.00). Some of these are our top picks and some are incidental, but the reviewed stocks are ConocoPhillips (NYSE: COP), Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), Murphy Oil Corporation (NYSE: MUR), Petroleo Brasileiro (NYSE: PBR), PetroChina Co. Ltd. (NYSE: PTR) and Valero Energy Corp. (NYSE: VLO). By our measure, some of these major integrated oil and exploration and production stocks are undervalued by 10% to 25%. Some may be even more undervalued than that in the large-cap and super-cap arenas.
Answering any question of whether a stock or any instrument is cheap does actually require a crystal ball that sees the future for it to be certain beyond a snapshot in time, but if oil stays around these levels then many of the major oil stocks still seem to have more room to run up. Dare we call this value investing? This is not a review of every single sector in the oil patch, as we are reviewing these stocks in groups.
Read More
Markets in Asia rallied sharply and oil stocks moved up as crude hit $71.
The Nikkei rose 2.1% to 9,991.
The Hang Seng was up 3.3% to 18,660. Petrochina (PTR) and CNOOC (CEO) rallied.
The Shanghai Composite rose 1.8% to 2,816.
A the open in Europe, the FTSE was up 1.2% to 4,457. BHP Billiton (BHP) moved up sharply as did BP (BP). The Dax rose 1.4% to 5,068 and the CAC 40 was up 1.4% to 3,342.
Data from Reuters and MatrketWatch.
Douglas A. McIntyre
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