ADR Market Review articles from July 2006

ADR Market Review archives from July 2006

By the numbers: week ended 30 June.
July 3, 2006... By the numbers: week ended 30 June Close Change YTD % S&P ADR Index 1548.2 66.2 9.04% DJ Industrials 11150.22 161.13 4.04% S&P 500 ...

Last week's top stories.
July 3, 2006... Monday European markets finished in the red as lower oil and gas stocks counterbalanced gains from M&A excitement. Some rate fears surfaced in Europe following comments made by several European Central Bankers. Tuesday Most of the...

Market talk.
July 3, 2006... The three main contenders among the five on the Mexican Presidential ballot all have differing ideas on closing Mexico's persistent gap between rich and poor, staunching the steady flow of emigration, relations with the USA, and adhering--or...

This week at a glance: week of 3 July-7 July.
July 3, 2006... Monday * Germany: Manufacturing PMI Tuesday * EU: May Producer Price Index * EU: May Unemployment Wednesday * EU: May Retail Sales Thursday * U.K.: July BoE Decision * EU: July ECB Rate Decision ...

Turkey gets aggressive on rates.(Notes & Quotes)
July 3, 2006... On the heels of last Sunday's interest rate hike, Turkey's central bank again raised its key lending rate midweek to 22.25%. The central bank also intervened in the foreign exchange market by buying up lira and selling U.S. dollars, a move that...

Singapore the next safe haven?(Notes & Quotes)
July 3, 2006... A quick rise in top-end rents, following a decade-long property plunge, and an increase in local luxury home prices, are seen as indicators that Singapore's financial markets could possibly prove to be a safe haven over the next several years....

By the numbers: week ended 7 July.
July 10, 2006... By the numbers: week ended 7 July Close Change YTD % S&P ADR Index 1549.5 1.3 9.13% DJ Industrials 11090.67 -59.55 3.48% S&P 500 ...

Last week's top stories.
July 10, 2006... Monday European markets end higher across the board after a boost from U.S. early trading. Energy shares were high particularly strong on an upbeat corporate report from an oil giant. Tuesday Asian markets finished somewhat...

UK and European banks hold steady.(Market Talk)
July 10, 2006... European bourses rallied as the Bank of England and the European Central Bank posted their interest rate decisions last Thursday. As expected, neither institution changed their rates: the BoE kept to 4.5% for the eleventh month in a row, and...

This week at a glance: week of 10 July-14 July.
July 10, 2006... Monday * Germany: June Consumer Price Index * France: May Industrial Production * U.K.: June Producer Price Index Tuesday * France: May Trade Balance * Italy: May Industrial Production Wednesday * U.K.: May...

Brazilian markets may hold steady in upcoming months.(Notes & Quotes)
July 10, 2006... With the third quarter underway, some of the main drivers propelling Brazilian stocks will be U.S. interest rates and government spending in the run-up to October elections. Several analysts worry that possible monetary tightening by the Fed...

Japanese interest rates on the move?(Notes & Quotes)
July 10, 2006... This week may be the end of Japan's zero-interest-rate policy. The BOJ is expected to raise its interest rates for the first time in six years. Last week's tankan survey showed big companies are very optimistic about future capital spending...

By the numbers: week ended 14 July.
July 17, 2006... By the numbers: week ended 14 July Close Change YTD % S&P ADR Index 1499 -50.5 5.57% DJ Industrials 10739.35 -351.32 0.20% S&P...

Last week's top stories.
July 17, 2006... Monday Most of the European bourses advanced with the support of U.S. market strength ahead of second quarter earnings. Monday marks the unofficial kick-off of earnings season with the release of a major U.S. aluminum firm's quarterly...

Bank of Japan increases rates after six years.(Market Talk)
July 17, 2006... Alone among the major national banks of the industrialized world, the Bank of Japan has kept to a very simple policy on setting the country's interest rate: it has kept it at zero since the fall of 2001. As the West has begun to worry about the...

This week at a glance: week of 17 July-21 July.
July 17, 2006... Monday * EU: May Industrial Production Tuesday * U.K.: June Consumer Price Index * Germany: July ZEW index * EU: May Trade Balance Wednesday * No major economic indicators scheduled for release. Thursday ...

Colombia finds strength in coal.(Notes & Quotes)
July 17, 2006... Colombia's fastest-growing export, thermal coal, could soon exceed oil as the South American country's top foreign exchange earner. Thermal coal prices have doubled since 2000. On the corporate side, output levels have doubled the past decade,...

Indian investors focus on earnings, economy over bombs.(Notes & Quotes)
July 17, 2006... Last week, Indian stocks increased by about 3% following a series of eight bombs that ripped through packed trains during rush hour in India's financial capital. Understandably, investors had been concerned about a steep sell-off and volatile...

By the numbers: week ended 21 July.
July 24, 2006... By the numbers: week ended 21 July Close Change YTD % S&P ADR Index 1500.5 1.5 5.68% DJ Industrials 10868.38 129.03 1.41% S&P 500 ...

Last week's top stories.
July 24, 2006... Monday Asian markets ended lower. Hong Kong's market softened as investors concern over rising oil prices and conflicts in the Middle East deepen, while Taiwan's market plunged following local political worries. Markets in Japan and Korea...

The Doha round, the G8, and Brazil.(Market Talk)
July 24, 2006... The latest round of the troubled Doha World Trade Talks united Brazil's President Luiz Inacio Lula da Silva, American President George W. Bush, the Director-General of the WTO, Pascal Lamy, and others in talks in Russia. Lamy has warned the...

This week at a glance: week of 24 July-28 July.
July 24, 2006... Monday * Germany: July Consumer Price Index (prel.) * EU: May Industrial Orders Tuesday * No major economic indicators scheduled for release. Wednesday * Germany: July Ifo Index Thursday * Japan: June Trade...

Hong Kong the world's freest economy?(Notes & Quotes)
July 24, 2006... The Hong Kong government is considering cutting the city's already low 17.5% profit-tax rate if a broad-based goods and service tax (GST) is introduced. The possible implementation of a 5% goods and service tax has been considered for several...

German strength sparks inflation concerns.(Notes & Quotes)
July 24, 2006... Germany's economy revealed a remarkable improvement in the second quarter, with gross domestic product increasing after a boost from foreign trade and a recovery in the construction sector. While strength in Europe's largest economy is...

By the numbers: week ended 28 July.
July 31, 2006... By the numbers: week ended 28 July Close Change YTD % S&P ADR Index 1577 76.5 11.06% DJ Industrials 11219.70 351.32 4.69% S&P 500 ...

Last week's top stories.
July 31, 2006... Monday Asian markets mostly receded, alongside declines in the U.S. Japan fell on concerns demand for exports from China may soften. Korea and Taiwan's markets also faded. Tuesday European markets mostly strengthened on support...

Soccer and oil : business confidence in Europe.(Market Talk)
July 31, 2006... As the European Central Bank prepares to meet on August 3rd for its decision on the main interest rate, the Munich research firm Ifo has released a timely report on consumer confidence in the twelve countries of the Eurozone. The survey covers...

This week at a glance: week of 31 July-4 August.
July 31, 2006... Monday * Germany: June Retail Sales * Japan: June Industrial Production * Japan: June Housing Starts Tuesday * Germany: July Unemployment * EU: June Unemployment * U.K.: July Manufacturing PMI Wednesday ...

European tech direction uncertain.(Notes & quotes)
July 31, 2006... The technology sector has underperformed European markets by about 9% since the market peaked on May 9. Tech shares have seen similar weakness in the U.S. and recent market volatility coupled with profit warnings have investors concerned about...

Brazil under scrutiny.(Notes & quotes)
July 31, 2006... Brazil has recently come under scrutiny from outside entities regarding needed structural reforms that would further promote economic growth within Brazil. Specifically, the Brazilian-American Chamber of Commerce recently sponsored a conference...