The Wall Street Journal reported over the weekend that Vanguard will soon offer an ETF tracking the MSCI EAFE index, to trade on the AMEX, with an expense ratio of only 0.15% — less than half the cost of Barclays Global Capital’s iShares offering. The WSJ also notes the explosive growth at BGI, where its [...]
Archive | July, 2007
Nikkei Strong Open on May Machinery Orders Upside Surprise
May machinery orders +5.9% sequential vs. consensus estimate of 2.6% and high-end estimate of 5.0%. Nikkei 225 Stock Average up ~100 yen to ~18,240. Yen also weakening towards 123.5/US$, supporting exporter stocks. Nikkei could test ytd & multi-year intra-day and closing highs above 18,300 and 18,240, respectively.
Derivatives and Forex Food For Thought
A WSJ AsiaLinks email alert contained the following figures, explaining briefly where the action is: Over the past six years, global futures trading on the world’s exchanges has grown nearly 30% a year, expanding the total derivatives market to about $500 trillion — four times the value of all publicly traded stocks and bonds. As [...]
Nikkei Down 0.4%, Snaps Six Session Streak
* Nikkei 225 Stock Average: -80.54 (-0.4%) to 18,140.94, down on profit-taking, higher bond yields, ahead of U.S. employment data release * Nikkei 225 futures Osaka: -90 (-0.5%) to 18,150, Singapore (SGX) 18,160, Chicago (CME) 7/5 — 18,235 * TOPIX: -8.49 (-0.5%) to 1,779.67; Advancers 390 x decliners 1,203 (unchanged 138), New highs 31 x [...]
Nikkei: 6-Day Rally, Just Shy of 18,300 Intra-day
* Nikkei 225 Stock Average: +52.76 (+0.3%) to 18,221.48; intra-day high of 18,295.27 vs. 2/26/07 intra-day high of 18,300.39 * Nikkei 225 futures Osaka: +50 (+0.3%) to 18,240, Singapore (SGX) 18,250, Chicago (CME) 7/03 — 18,250 * TOPIX: +5.72 (+0.3%) to 1,788.16; Advancers 976 x decliners 592 (unchanged 163), New highs 71 x new lows [...]
Nikkei Trades Slightly Higher on Lowest Volume YTD; U.S. Independence Day
* Nikkei 225 Stock Average: +18.82 (+0.1%) to 18,168.72, extends rally to fifth day, but mostly small gains * Nikkei 225 futures Osaka: -20 (-0.1%) to 18,190; Singapore (SGX) 18,195, Chicago (CME) 07/03 — 18,250 * TOPIX: +0.58 (+0.0%) to 1,782.44; Advancers 580 x decliners 987 (unchanged 164), New highs 69 x new lows 17; [...]
Japanese Stocks Flat, Profit-Taking on Stronger Yen, Politics
* Nikkei 225 Stock Average: +3.60 (+0.0%) to 18,149.90 * Nikkei 225 futures Osaka: +20 (+0.1%) to 18,210, Singapore (SGX) 18,215, Chicago (CME) 7/2 — 18,270 * TOPIX: +1.5 (+0.1%) to 1,781.86; Advancers 692 x decliners 874 (unchanged 165); New highs 75 x new lows 10; 18/33 sectors posted gains * Jasdaq: -0.21 (-0.25%) to [...]
Nikkei Mostly Flat on In-line Tankan
* Nikkei 225 Stock Average: +7.94 (+0.0%) to 18,146.30, rally extended to a third day * Nikkei 225 futures Osaka: +30 (+0.2%) to 18,190, Singapore (SGX) 18,175, Chicago (CME) 6/29 — 18,180 * TOPIX: +5.48 (+0.3%) to 1,780.36; Advancers 894 x decliners 693 (unchanged 144); New highs 101 x new lows 16; 17/33 sectors posted [...]
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