ADR Market Review articles from May 2005

ADR Market Review archives from May 2005

By the numbers: week ended 29 April.(Brief Article)(Illustration)
May 2, 2005... By the numbers: week ended 29 April S&P ADR Index 1238.7 -11.9 -3.29% DJ Industrials 10192.51 34.80 -5.48% S&P 500 1156.85 4.73 -4.54% NASDAQ Comp. ...

Last week's top stories.
May 2, 2005... Monday Latin American receipts finished notably higher, as better-than-expected housing data boosted U.S. markets. Investors were upbeat ahead of a barrage of earnings releases. Tuesday Asian shares were mixed, as strength from...

Investors shift positions on Asia's big emerging markets.(Market Talk)
May 2, 2005... Investors are taking different positions on Indian and Chinese shares, with some investors, including State Street Global Advisors' Brad Aham, calling the markets overvalued relative to other regional peers. Additionally, there are some...

This week at a glance: week of 2 May-6 May.
May 2, 2005... Monday * Eurozone: April Manufacturing PMI * Germany: April Manufacturing PMI * France: April Manufacturing PMI * Italy: April Manufacturing PMI Tuesday * Eurozone: March Producer Price Index * Eurozone: March...

Emerging markets slip on Globalization Index.(Notes & Quotes)(Brief Article)
May 2, 2005... Political instability and concerns regarding slowing economic growth conspired to push emerging markets lower within the rankings of this year's Globalization Index. The index, which is derived from 2003 data and published by A.T. Kearney and...

Pundits down on Latin America.(Notes & Quotes)(investors)(Brief Article)
May 2, 2005... Fears about rising U.S. interest rates have been in the cards for some time now, but throw in political instability, and investors could become nervous. Still, the EMTA, an association of emerging market traders and investors, indicated that...

By the numbers: week ended 6 May.(stock markets)(Brief Article)(Illustration)
May 9, 2005... By the numbers: week ended 6 May S&P ADR Index 1262.8 24.1 -1.41% DJ Industrials 10345.40 152.89 -4.06% S&P 500 1171.35 14.50 -3.35% NASDAQ Comp. ...

Last week's top stories.
May 9, 2005... Monday Latin American shares posted modest gains, aided by strength in the U.S. Mexico's GDP grew by about 3% in the first quarter, compared to a year ago, but was below analyst expectations. Brazilian issues were mixed. Tuesday ...

Interest rates in focus on both sides of the Atlantic.(Market Talk)
May 9, 2005... Investors in both the U.S. and Europe have been keeping close tabs on the U.S. Federal Reserve, with the markets reacting positively to the Fed's decision to hike interest rates by another 25-basis points and keep its outlook for "measured"...

This week at a glance: week of 9 May-13 May.
May 9, 2005... Monday * U.K.: May BoE Rate Decision * U.K.: March Industrial Production * Germany: March Industrial Production Tuesday * Japan: March Household Spending * Germany: March Trade Balance Wednesday * Japan:...

Investors hesitantly bullish on Philippines.(Notes & Quotes)(Brief Article)
May 9, 2005... The Philippine's equity market has suffered recently amid political dissension over tax proposals. "The market could be oversold," said Martin Enrile of ATR Kim Eng Securities. "It hinges on one [tax] bill." The key tax bill Enrile refers to...

Japan also up for reform?(Notes & Quotes)(economic status)(Brief Article)
May 9, 2005... Japan is one of the poorest performing markets this year, with nominal gross domestic product growing only 1.1% since 2002. Jesper Koll, chief Japan economist for Merrill Lynch, commented, "Put in a global context, this is a dismal performance...

By the numbers: week ended 13 May.(Illustration)
May 16, 2005... By the numbers: week ended 13 May Close Change YTD % S&P ADR Index 1223.2 -39.6 -4.50% DJ Industrials 10140.12 -205.28 -5.96% S&P 500 ...

Last week's top stories.(Brief Article)(Calendar)
May 16, 2005... Monday European receipts were mixed on the session, amid a disappointing manufacturing report from the U.K. Also, the Bank of England left U.K. interest rates unchanged at 4.75%. A deal within the banking sector was also in focus. ...

Domestic Chinese shares remain under pressure.(Market Talk)
May 16, 2005... The split between Chinese shares listed on the mainland and those listed in Hong Kong and elsewhere may widen, as many investors are concerned about what the government's recently announced plan to allow companies to sell nontradeable shares...

This week at a glance: week of 16 May-20 May.
May 16, 2005... Monday * Japan: March Leading Indicators * Japan: March Industrial Production * Italy: April Consumer Price Index Tuesday * U.K.: April Consumer Price Index Wednesday * Japan: Q1 Gross Domestic Product ...

Europe ready for a slowdown?(Notes & Quotes)(in equity market)(Brief Article)
May 16, 2005... After outperforming U.S. shares this year, market pundits fear that European firms may be poised for a pullback, as low valuations and higher profits may not be enough to entice investors. At the center of investor discontent are concerns about...

Venezuela looks for bigger piece of the pie.(Notes & Quotes)(Brief Article)
May 16, 2005... Last month, Venezuela's Seniat national tax office reclassified the tax rate for more than 32 oil service contracts. The move would result in a surge in the rate to 50% from the 34% rate in the original contracts. To the further dismay of...

By the numbers: week ended 20 May.(commodities)(Illustration)
May 23, 2005... By the numbers: week ended 20 May S&P ADR Index 1242.5 19.3 -3.00% DJ Industrials 10471.91 331.79 -2.89% S&P 500 1189.28 35.23 -1.87% NASDAQ Comp. ...

Last week's top stories.
May 23, 2005... Monday Latin America rebounded from recent weakness amid upbeat corporate earnings from Brazil. Strength from the U.S. also aided Latin America. Argentina surged, after a U.S. appeals court overturned an embargo on US$7 billion in...

Latin America focuses on rates and growth.(Market Talk)
May 23, 2005... Latin American markets saw renewed buying interest last week, as investors are more optimistic about global inflation and economic growth. Still, local developments suggest that inflation and growth concerns may remain an issue for the region....

This week at a glance: week of 23 May-27 May.
May 23, 2005... Monday * No major economic indicators scheduled for release Tuesday * Germany: May ZEW Index * Germany: May Consumer Price Index * Eurozone: March Industrial Orders * France: April Consumer Spending Wednesday ...

Yuan to be more flexible?(Notes & Quotes)
May 23, 2005... Last week, the U.S. Treasury Department warned China to move to a more flexible exchange rate within the next six months, but stopped short of calling China a currency manipulator. The U.S. also reiterated that it wants to avoid confrontation....

Hong Kong still strong.(Notes & Quotes)
May 23, 2005... Hong Kong's market has also seen a lot of action recently, as traders snap up the Hong Kong dollar in anticipation of a yuan revaluation. The activity spurred the Hong Kong Monetary Authority to put a cap on the domestic currency to discourage...

By the numbers: week ended 27 May.(Commodity futures)(Illustration)
May 30, 2005... By the numbers: week ended 27 May Close Change YTD % S&P ADR Index 1257.3 14.8 -1.84% DJ Industrials 10542.55 70.64 -2.23% S&P 500 ...

Last week's top stories.
May 30, 2005... Monday European issues posted gains, bolstered by German shares. Chancellor Gerhard Schroeder called for an early national election, which raised investor expectations for reforms. Energy shares jumped on higher crude prices. Tuesday...

Markets applaud German election decision.(Market Talk)(Brief Article)
May 30, 2005... With growth remaining anemic across Europe, and in Germany particularly, markets were enthusiastic to news that Chancellor Gerhard Schroeder would seek early elections. However, the difficulty in actually carrying out early elections under the...

Selected country indices.(Brief Article)
May 30, 2005... Meanwhile, the markets will likely not get much support from the European Central Bank, despite the weak economic growth across the region. Following the Ifo report, some are calling for the ECB to cut interest rates in order to spur growth....

This week at a glance: week of 30 May-3 June.
May 30, 2005... Monday * Japan: April Industrial Production * Italy: April Producer Price Index Tuesday * Germany: May Unemployment * Japan: April Unemployment * France: April Unemployment * Germany: April Retail Sales ...

Argentina to see debt relief rally?(Notes & Quotes)(Brief Article)
May 30, 2005... Early last week, a U.S. federal judge issued a formal order to lift the embargo on US$7 billion in defaulted Argentine bonds. The move will finally allow Argentina to complete its US$103 billion debt restructuring. Trading volumes in...

Corruption once again a hot Brazilian topic.(Notes & Quotes)(Brief Article)
May 30, 2005... Political corruption concerns have recently pressured Brazilian markets, as some investors fear President Luiz Inacio Lula da Silva's ability to pass economic reforms legislation will now be compromised. Also hindering Lula's government was the...