ADR Market Review articles from September 2006

ADR Market Review archives from September 2006

By the numbers: week ended 1 September.
September 4, 2006... By the numbers: week ended 1 September Close Change YTD % S&P ADR Index 1614.7 27 13.72% DJ Industrials 11464.15 180.10 6.97% S&P 500...

Last week's top stories.
September 4, 2006... Monday Latin America started out the week stronger, as a decline in oil prices bolstered Brazilian issues. Also, Brazil's trade surplus was in line with expectations. Meanwhile, Mexico rallied on word a local federal court is close to...

Chinese growth: is it too fast?(Market Talk)
September 4, 2006... What is already the world's fourth-largest economy seems to just keep on growing. Last week, the National Bureau of Statistics revealed that the economy grew by 10.2% in 2005, which was even higher then the 9.9% initially estimated. The rise...

This week at a glance: week of 4 September-8 September.
September 4, 2006... Monday * EU: July Producer Price Index Tuesday * EU: July Retail Sales * EU: August Serv. PMI * Germany: August Serv. PMI * France: August Serv. PMI * U.K.: August Serv. PMI Wednesday * U.K.: July...

Japan's CPI growth less then expected.(Notes & Quotes)
September 4, 2006... Japan's core consumer price inflation rose 0.2% during the month of July, well below the 0.5% move that economists had forecasted. Hiroshi Shiraishi, a Lehman Brothers economist referred to the data as a "little bit of embarrassment for the...

CBI/BoE surveys indicate UK consumers unfazed by rate hike.(Notes & Quotes)
September 4, 2006... The Confederation of British Industry, or CBI, reported in its Quarterly Distributive Trades survey that in the month of August, 45% of retailers said that their sales were higher then a year ago, while just 33% reported lower sales. The...

By the numbers: week ended 8 September.
September 11, 2006... By the numbers: week ended 8 September Close Change YTD % S&P ADR Index 1566.5 -48.2 10.32% DJ Industrials 11392.11 -72.04 6.29% S&P 500 ...

Last week's top stories.
September 11, 2006... Monday European shares moved higher on the day, bolstered by resource issues. Markets were somewhat subdued due to the Labor Day holiday in the U.S., which closed markets. Tuesday Asian stocks finished mixed, with Japan recovering...

Trouble on Britain's high streets?(Market Talk)
September 11, 2006... London markets breathed a sigh of relief last Thursday as the Bank fulfilled their expectations and decided not to raise the prime lending rate in its September meeting, after the surprise hike in August to 4.75% following a twoyear hold at...

This week at a glance: week of 11 September-14 September.
September 11, 2006... Monday * Japan: Q2 GDP (preliminary) * France: July Industrial Production Tuesday * U.K.: August Consumer Price Index * France: July Trade Balance Wednesday * Germany: July Consumer Price Index (final) *...

Europe growing or not?(Notes & Quotes)
September 11, 2006... The eurozone's GDP grew 0.8% during the first quarter of 2006. That's north of the 0.6% that had been previously reported. This in turn has led the European Central Bank (ECB) to forecast 2006 growth at 2.5%. If achieved, that would be the...

UK manufacturing on the mend / services sag.(Notes & Quotes)
September 11, 2006... UK Manufacturing On The Mend / Services Sag: The Office for National Statistics reported that UK manufacturing rose by 0.2% in July, which was in line with forecasts. This is the third consecutive monthly increase. Driving the numbers were...

By the numbers: week ended 15 September.
September 18, 2006... By the numbers: week ended 15 September Close Change YTD % S&P ADR Index 1567.9 1.4 10.42% DJ Industrials 11560.77 168.66 7.87% S&P 500 ...

Last week's top stories.
September 18, 2006... Monday European markets broadly declined due to pressure on commodity stocks. The highlight of the session, which helped buoy the telecom sector, was speculation that a major Italian Telecom company might sell its mobile operations. ...

Argentina: Andean success story.(Market Talk)
September 18, 2006... The budget figures presented by the Economy Ministry last Friday probably gave Argentine lawmakers a strong sense of deja vu. The economic growth forecast was again 4%, inflation targets at 8-11%, and surplus goal at 3%. The growth rate was...

This week at a glance: week of 18 September-22 September.
September 18, 2006... Monday * EU: July Industrial Production Tuesday * EU: September ZEW Index Wednesday * Italy : June Industrial Orders * Italy : Q2 Unemployment Thursday * No major economic data scheduled for release. ...

Rising inflation indicates rate increase possible in UK.(Notes & Quotes)
September 18, 2006... The U.K.'s Office for National Statistics reported that consumer price index, or CPI was 2.5% during the month of August. That is up from the 2.4% reported in the month of July, and well ahead of the 2% target set by the Bank of England. ...

Slower growth indicates Chinese economy may be cooling.(Notes & Quotes)
September 18, 2006... China's National Bureau of Statistics reported that urban fixed asset investments in the month of August rose 21.5%. That is well below the 30.5% expansion that was witnessed between the months of January and July. In addition, M2, which is...

By the numbers: week ended 22 September.
September 25, 2006... By the numbers: week ended 22 September Close Change YTD % S&P ADR Index 1572 4.1 10.71% DJ Industrials 11508.10 -52.67 7.38% S&P 500 ...

Last week's top stories.
September 25, 2006... Monday European shares were mixed on the day. Higher oil prices helped commodity stocks gain, while putting pressure on the auto sector. Tuesday Asian markets ended the day little changed ahead of the U.S. Federal Reserve's...

The Thailand coup: what of the markets?(Market Talk)
September 25, 2006... So far, Thai markets have successfully weathered the eighteenth coup d'etat since 1932. There were a complex set of reasons why the Army General Sonthi Boonyaratglin took power last week: Prime Minister Thaksin Shinawatra, a telecom tycoon, had...

This week at a glance: week of 25 September-29 September.
September 25, 2006... Monday * Germany: September Consumer Price Index Tuesday * Germany: September Ifo Index Wednesday * Italy: July Retail Sales * U.K.: Q2 Gross Domestic Product (final) Thursday * France: Q2 Gross Domestic...

UK interest rates likely to move higher.(Notes & Quotes)
September 25, 2006... On Wednesday, September 19th, the Bank of England monetary policy committee (MPC) voted 8-0 to keep the cost of borrowing unchanged at 4.75%. The MPC concluded "that there had been little news about the risks in both directions, but that,...

Fuel efficient cars drive Japan's trade surplus.(Notes & Quotes)
September 25, 2006... On Thursday, September 20th, the Japanese government announced that in the month of August, its merchandise trade surplus increased to [yen] 200.5 billion, a 95.5% jump over the same period last year. The biggest reason for the surplus: rising...