ADR Market Review articles from May 2006

ADR Market Review archives from May 2006

By the numbers: week ended 28 April.
May 1, 2006... By the numbers: week ended 28 April Close Change YTD % S&P ADR Index 1630.8 6.6 14.85% DJ Industrials 11367.14 19.69 6.06% S&P 500 ...

Last week's top stories.
May 1, 2006... Monday European stock markets declined as investors weighed currency moves and a weaker start on Wall Street; a major telecom group gained after a private-equity firm agreed to make an investment. Tuesday Latin American stocks...

Fast lane.(Market Talk)
May 1, 2006... Before his new government has even taken root, some observers are concerned that Romano Prodi's far-left coalition partners could compromise his center-left stance on economic reform. Fast on the heels of a victory against right-wing...

This week at a glance: week of 1 May-5 May.
May 1, 2006... Monday * No major economic news scheduled Tuesday * EU: April Manufacturing PMI * Germany: April Manufacturing PMI Wednesday * EU: March Unemployment Thursday * Germany: April Services PMI * EU: March...

Asian tiger getting fat?(Notes & Quotes)
May 1, 2006... In light of its rising interest rates and lower foreign investment in the region, some investors are wondering how much stamina the bullish Asian equity market has left. "At best... the market is likely to take a breather and move sideways...

Crude diplomacy.(Notes & Quotes)
May 1, 2006... Venezuela, Brazil and Argentina are planning a 9,000-kilometer natural gas pipeline from Venezuela via Brazil to Argentina. The countries' respective presidents--Hugo Chavez, Luiz da Silva and Nestor Kirchner--will meet in July to decide...

By the numbers: week ended 5 May.
May 8, 2006... By the numbers: week ended 5 May Close Change YTD % S&P ADR Index 1675.2 44.4 17.98% DJ Industrials 11577.74 210.60 8.03% S&P 500 ...

Last week's top stories.
May 8, 2006... Monday European and Latin American markets were closed in observance of May Day. Tuesday Latin American shares were higher after the long weekend as investors shrugged off an unexpected decision by Bolivia to nationalize its oil...

Sweden's waning socialism.(Market Talk)
May 8, 2006... Despite their postwar legacy of state intervention in business affairs, many European countries have begun to reposition themselves to better compete at home and abroad. Due in no small part to the recent addition of 10 market-friendly...

This week at a glance: week of 8 May-12 May.
May 8, 2006... Monday * UK: Producer Price Index (core) (April) * Germany: Industrial Orders (February) Tuesday * Germany: Industrial Production (March) Wednesday * France: Industrial Production (March) Thursday * Italy:...

Crude politics.(Notes & Quotes)
May 8, 2006... Potentially facing defaults on its oil contracts, Venezuela, the world's fifth-largest oil exporter, has struck a US$2 billion deal to buy about 100,000 barrels a day of crude oil from Russia through 2006 in order to avoid possible penalties....

Changing lanes.(Notes & Quotes)
May 8, 2006... Russia's largest car dealer is negotiating with Chinese manufacturers about setting up sales networks in Russia to capitalize on booming demand for foreign vehicles. The car dealer is interested in four Chinese producers, according to...

By the numbers: week ended 12 May.
May 15, 2006... By the numbers: week ended 12 May Close Change YTD % S&P ADR Index 1630.6 -44.6 14.84% DJ Industrials 11380.99 -196.75 6.19% S&P 500 ...

Last week's top stories.
May 15, 2006... Monday European bourses closed mixed Monday, after German and French shares touched highs not seen for more than four-and-a-half years, while declining oil prices weighed on the U.K. benchmark index. Tuesday Latin American stocks...

Bolivia's Morales vows to nationalize mining industry.(Market Talk)
May 15, 2006... There is a wave of patriotism sweeping across Latin America's commodity-rich states. Fast on the heels of Venezuelan president Hugo Chavez' state oil-seizing campaign, Evo Morales, Bolivia's left-wing president, is now promising to nationalize...

This week at a glance: week of 15 May-19 May.
May 15, 2006... Monday * Japan: Import Prices (April) * Japan: Machinery Orders (March) Tuesday * UK: Consumer Price Index (April) * Germany: ZEW Index (May) Wednesday * UK: Unemployment (March) Thursday * UK: Retail...

Vietnam: overbought?(Notes & Quotes)
May 15, 2006... International investors are flocking to Vietnam in the wake of the country's first sovereign bond issue, of US$750 million, last October, and now many observers are anticipating a wave of foreign investment in Vietnamese equities will spark a...

EU forecasts economic rebound.(Notes & Quotes)
May 15, 2006... Last Monday, the EU head office forecast that the Union's economy would expand by 2.3% in 2006 on increased investment and support from global growth, while the European Commission added that ongoing uncertainty in the oil markets will continue...

By the numbers: week ended 19 May.
May 22, 2006... By the numbers: week ended 19 May Close Change YTD % S&P ADR Index 1563.2 -67.4 10.09% DJ Industrials 11144.06 -236.93 ...

Last week's top stories.
May 22, 2006... Monday Latin American shares slumped on profit-taking due to fears about global inflation and U.S. interest rates. Brazilian shares were pressured by lackluster earnings news from local corporate giants. Tuesday Asian markets...

Chinese IPOs top the west.(Market Talk)
May 22, 2006... Politics aside, when one considers China's size--in terms of geography, population, and volume of exports--it's a wonder that initial public offerings made in the Middle Kingdom have generally been smaller than those of their western...

This week at a glance: week of 22 May-26 May.
May 22, 2006... Monday * No major economic data is slated for release. Tuesday * Germany: GDP (1Q) * EU: March Industrial Orders Wednesday * Germany: May Ifo Index Thursday * Japan: April Trade Balance * Italy: March...

Strong euro hits German investor confidence.(Notes & Quotes)
May 22, 2006... Mounting oil prices and a rising euro are weighing on German investor sentiment, according to the country's latest ZEW survey. Last Tuesday, the Mannheim ZEW institute released its economic sentiment index, which has declined to its lowest...

Indonesian growth slows for sixth straight quarter.(Notes & Quotes)
May 22, 2006... Indonesia's economic growth slowed for the sixth quarter in a row in the first three months of 2006, according to recent data. Southeast Asia's largest economy grew by an annualized 4.6% in the first quarter, marking a slowdown in every quarter...

By the numbers: week ended 26 May.
May 29, 2006... By the numbers: week ended 26 May Close Change YTD % S&P ADR Index 1572 8.8 10.71% DJ Industrials 11278.61 134.55 5.24% S&P 500 ...

Last week's top stories.
May 29, 2006... Monday European markets closed sharply lower as commodity-related stocks weighed on markets still under pressure after last week's interest-rate and inflation inspired sell-off. Tuesday Asian markets ended mostly lower, amid...

Foreign investors pull rug from under Indian equities.(Market Talk)
May 29, 2006... Just a couple of weeks back, India was basking in the approval of emerging market analysts. But last Monday, the country's market manifested a considerable level of risk aversion in global capital markets when it plunged more than 10% in the...

This week at a glance: week of 29 May-2 June.
May 29, 2006... Monday * No major economic data is scheduled for release. Tuesday * Japan: April Unemployment * Japan: April Industrial Production * Germany: April Retail Sales Wednesday * France: May Consumer Confidence...

German exodus to UK?(Notes & Quotes)
May 29, 2006... In order to sidestep rules that allow workers to participate in company strategy, some German companies are registering as public limited companies in the UK. And, in the wake of a low-cost airline that became Germany's first UK plc ahead of...

Brazil faces investor flight.(NOTES & QUOTES)
May 29, 2006... The recent decline in Brazilian equities doesn't reflect poor fundamentals, say investors, but part of a regional flight to quality. Despite a favorable macroeconomic outlook for Brazil, the drain in capital is being fuelled by inflation fears...