Double In Stocks

Reported by: Eric CRWE Newswire Middle East correspondent

US stock markets closed on a positive note from Wednesday trading session on news of a successful auction of Portuguese government debt which lifted the market.

The Dow Jones Industrial Average DJIA advanced 46.32 points or 0.5% to close at 10,387.01 for the day. Standard & Poor 500 index gained 0.6% or 7.03 to 1,098.87 while NASDAQ surged 0.9% to close at 2,228.87 points in today trading session.

The total consolidated traded volume was 3.3 billion shares whereas gainers to losers stood in a ratio of 2 to 1 on New York Stock Exchange.
Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) was the top gainer at NYSE as its share price advanced 37.60% to close at $3.55 with traded volume of 1.93 million shares.

Netezza Corporation (NYSE: NZ) showed exceptional movement on the rumor of possible takeover. Its share price advanced 12.32% to close at $23.97 with traded volume of 7.60 million shares for the day.

The Talbots, Inc. (AMEX: TLB) announced its second quarterly result according to which its profit increased but the company wasn’t optimistic about the next quarter. The share price declined 1.26% to close at $10.97 with total traded volume of 11.62 million shares.

Bank Atlantic Bancorp, Inc. (NYSE: BBX) was top loser of the day at the New York Stock Exchange as the share price declined 11.76% to close at $0.900 with overall volume of 2.21 million shares.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported by: Eric CRWE Newswire Middle East correspondent

The Japanese Yen is near its 15 year high against the US dollar as Japanese government is unlikely to take any measures to control the Yen movement.

The US dollar declined 0.2% to 83.69 against the US dollar in overnight trading while the Euro declined below 1.2700 versus the greenback. The British pound on the other hand advanced to 1.5423 against the US dollar.

The Australian dollar advanced to its highest level of the last four months to 0.9237 against the US dollar on better Australian employment data. The Australian dollar also advanced to 1.3800 against the Euro.

Crude oil future contract for October advanced $0.48 to $75.13 per barrel on New York Mercantile Exchange at Singapore’s trading session. Crude oil prices surged due to decrease in US crude oil inventories as the crude inventories decreased by 7.3 million barrels in the last week according to American Petroleum Institute. Brent Crude declined $0.06 to $78.11on ICE Futures exchange at London’s trading session.

In other commodities at Nymex heating oil future contract for October delivery advanced $0.0012 o $2.0823 per gallon whereas gasoline remained unchanged at $1.94 per gallon. Natural gas October delivery contract advanced $0.014 to $3.828 per 1,000 cubic feet.

Stock markets remained bullish on Thursday on successful debt auction by Portugal which built investor’s confidence in European economies.

London’s FTSE 100 advanced 0.2% to 5.439.37 whereas France’s CAC-40 declined 0.1% to 3,676.78. DAX advanced 0.1% to 6,166.57 in Germany.
In Asia, Nikkei 225 stock average index advanced 0.8% to close at 9,098.39, Hang Seng index surged 0.4% to 21,167.27 whereas Shanghai Composite Index declined 1.4% to close at 2,656.35 for the day.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported by: Eric CRWE Newswire Middle East correspondent

The US dollar declined to 83.34 against the Japanese Yen in overnight trading which is the lowest in the last 15 years; however the greenback recovered to 84 in the later part of the session as the European bank facing liquidity problems began buying.

Traders turned to the Japanese Yen as a safe heaven on worries over negative measures in European banking sector. The Euro also declined 0.5% to 105.80 against the Japanese Yen whereas the euro remained unchanged at 1.2700 against greenback.

The Swiss franc seemed to be in high demand as the Euro also declined to 1.2766 against the Swiss franc.

Stock markets globally remained bearish as the recent surge of the Yen against the US dollar could result in lower exports for Asian Businesses.

Further the stress results of 91 banks further added to the negative sentiments.

Nikkei 225 stock index declined 2.2% to close at 9,0264.60, Shanghai Composite index dropped 0.1% to 2,695.29 while Hang Seng declined 1.5% to close at 21,088.86 for the day.

In Europe, London’s FTSE declined 0.2% in early trading session however it recovered to report an increase of 0.22% to 5,419.81, DAX advanced 0.46% to 6,146.16 while CAC-40 surged 0.7% to 3,670.02 in France.

Crude oil future contract for October delivery declined $0.42 to $73.67 per barrel on the New York Mercantile Exchange in Singapore’s trading session. Brent crude dropped $0.46 to $77.28 on the ICE Futures Exchange in London’s trading session.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported by: Eric CRWE Newswire Middle East correspondent

For the first time in several trading sessions the US dollar advanced against all its major counterpart currencies except the Japanese Yen and Swiss Franc in the overnight trading market.

The Euro declined 1% to 1.27560 against the US dollar and dropped 1.2% to 107.10 against the Japanese Yen. Traders were concerned over the negative developments in the European Banking Sector. Now the top ten European banks have to raise capital of up to 100 billion Euros this month under the minimum capital requirements according to BASEL III.

The dollar index DXY advanced 0.6% mainly contributed by decline of the Euro in overnight market.

However the Japanese Yen advanced 0.3% to 83.72 against the greenback while the Swiss franc advanced 0.2% to 1.0128 against the US dollar.

World stock markets also remained bearish especially in Europe due to the negative measure taken in the European banking industry. Further the latest stress results disclosed that almost 91 European banks are in a high risk debt state.

In London FTSE 100 index declined 0.7% to 5,402.66, Germany’s DAX dropped 0.6% at 6.116.46 while CAC-40 declined 1.0% to 3,649.12 in France.

In Asia, Tokyo’s Nikkei 225 stock index dropped 0.8% to close at 9,226.0; Hang Seng advanced 0.2% to 21,401.79 whereas Kospi declined 0.3% to 1,787.74 for the day.

Crude oil future contract for October delivery declined $1.21 to $73.39 per barrel on New York Mercantile Exchange at Singapore’s trading session

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported by: Anza CRWE Newswire Middle East correspondent.

The British Petroleum oil spill also known as Deep Water Horizon, in the Gulf of Mexico is the largest marine oil spill in the history of the petroleum industry. Around 4.9 million barrels leaked from the time the well ruptured a mile below sea level on April 20, 2010. The leak was followed by an explosion which killed 11 workers. It took almost three months to be contained and the well was finally capped on July 15 with only 800,000 barrels captured during a containment operation.

As BP moves towards shutting down the well for good, it was estimated that the well kept on oozing some 62,000 barrels per day for 87 days before being capped. This leakage is much more than that of the original estimates. BP will be fined under the Clean Water Act which allows the US government to seek civil penalties for illegal discharges of oil. According to the law, BP could be fined within the range of $1100 to $4300 per barrel leaked into the gulf.

British Oil Giant British Petroleum has revealed on Friday, Sept 03 that it has already spent $8 Billion to battle the oil spill disaster. The British energy giant has forecasted that the world’s worst oil spill will cost the group a total of about $32.2 billion.

US President Barack Obama placed the blame squarely on the petroleum giant and the US government is conducting a criminal investigation into the incident, BP is hoping to shift some of the blame on its contractors.

The contractors include Transocean which leased the Deep Water Horizon rig and Halliburton which cemented the well.

BP has promised to cover the costs of the cleaning and compensations for residents, hit hard by a fishing ban. It also vowed to take care of the local tourist industry damaged by this deep sea accident.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.