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October 12, 2008 10:20:11 PM CDT

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Stories related to: futures market

Stories

13 Stories

  • September 2008

    • Global Stocks Surge on Credit-Market Moves

      Bloomberg  |  Sep 19, 08 4:33 AM CDT

      Global Stocks Surge on Credit-Market Moves

      (Newser) - World stocks jumped today on government measures to stop the credit-market meltdown and news that the US and the UK were getting tough on short sellers, Bloomberg reports. Deutsche Bank and Credit Suisse climbed 15% after four days of decline in Europe, while Australia’s Macquarie surged 38% after the US proposed a new institution to take the troubled assets off the balance sheets of financial firms and the UK banned short selling for the year. More »

      Tags

      stock market  • regulation  • Deutsche Bank  • short selling  • futures market  • Credit Suisse  • European stocks  • HBOS

    • Lehman Crash Triggers Global Market Tumble

      Bloomberg  |  Sep 15, 08 3:40 AM CDT

      Lehman Crash Triggers Global Market Tumble

      (Newser) - Lehman Brothers’ bankruptcy, along with news that mammoth insurer AIG is seeking a $40 billion Federal Reserve loan, has sent European and Asian markets, US futures and the dollar sharply downward, Bloomberg reports. Swiss-based UBS AG, Europe’s bank most hurt by the subprime crisis, plunged 7.2%. Australia’s biggest investment bank, Macquarie, fell 10%, and S&P futures expiring in December fell 2.9%. More »

      Tags

      Financial Crisis  • stock market  • Lehman Brothers  • US dollar  • bankruptcy  • Asian markets  • European markets  • futures market

    • Stocks Rally Strong on Fannie, Freddie Takeover

      Bloomberg  |  Sep 8, 08 4:29 AM CDT

      Stocks Rally Strong on Fannie, Freddie Takeover

      (Newser) - European and Japanese stocks saw their biggest surge since January and US futures climbed amid news of the Treasury Department’s plan to take charge of Fannie Mae and Freddie Mac, Bloomberg reports. Europe's UBS AG, pounded by subprime losses, and Japan’s Mizuho Financial Group, its biggest bank by assets, jumped 10% after Treasury Secretary Henry Paulson announced the establishment of a conservatorship for the mortgage lenders. More »

      Tags

      Financial Crisis  • stock market  • Japan  • bailout  • Henry Paulson  • Fannie Mae  • Europe  • Freddie Mac  • futures market  • conservatorship

  • May 2008

    • Feds Hunt for Scams in Crude Oil Trading

      Wall Street Journal  |  May 30, 08 7:55 AM CDT

      Feds Hunt for Scams in Crude Oil Trading

      (Newser) - Federal regulators are investigating whether rocketing oil prices are being driven up by speculators manipulating futures markets, reports the Wall Street Journal. The nationwide probe involves several separate investigations. Authorities suspect that a widely used price reporting system may be artificially influenced and that some oil storage facilities may be falsely reporting supplies. More »

    • Oil Tops $130

      Associated Press  |  May 21, 08 8:30 AM CDT

      Oil Tops $130

      (Newser) - Oil set yet another record today, with prices hitting $130.47 a barrel in electronic trading in Asia and Europe, the AP reports, on supply concerns and renewed worries about the dollar. Crude closed at $128.98 in the last New York Mercantile Exchange session. Oil futures have roughly doubled over the past year. More »

      Tags

      oil price  • oil  • US dollar  • crude oil  • futures market  • New York Mercantile Exchange

    • Congress Turns on Speculators in Oil Bubble

      BusinessWeek  |  May 15, 08 7:22 PM CDT

      Congress Turns on Speculators in Oil Bubble

      (Newser) - It’s not OPEC pulling oil prices to ever greater-heights—it’s speculators. That’s the theory behind the Consumer-First Energy Act, a bill sponsored by Senate Democrats aimed at clamping down on runaway oil futures trading. As stocks fall, investors are fleeing to commodities, especially oil. But even the US government might not have the power to rein in the market, BusinessWeek reports. More »

      Tags

      oil price  • oil  • commodities  • futures market  • speculation  • commodities exchange

  • March 2008
  • January 2008

    • Rogue Trader Says SocGen Looked the Other Way

      Der Spiegel  |  Jan 31, 08 11:00 AM CST

      Rogue Trader Says SocGen Looked the Other Way

      (Newser) - Jérôme Kerviel, the trader at the root of the $7.1 billion scandal roiling French banking giant Société Générale, says his bosses knew what he was up to, and they didn't stop him as long as he was generating huge profits—$2 billion by the end of 2007, he claims.  "As long as my results were positive, my superiors closed their eyes to the methods and the sums involved," he tells authorities in an interrogation transcript excerpted by Der Spiegel . “It’s impossible to generate such profits by taking small positions.” More »

      Tags

      Société Générale  • Jérôme Kerviel  • futures market  • rogue trader  • trader  • bank scandal

    • Europe Sees Biggest Stock Plunge Since 9/11

      MarketWatch  |  Jan 21, 08 4:10 PM CST

      Europe Sees Biggest Stock Plunge Since 9/11

      (Newser) - Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23% since mid-2007. On American shores, Dow futures dropped, sparking fears of a nosedive tomorrow. More »

      Tags

      George W. Bush  • Dow Jones  • stock market  • European markets  • futures market

    • Traders Gamble on $200 Oil

      Bloomberg  |  Jan 8, 08 6:24 AM CST

      Traders Gamble on $200 Oil

      (Newser) - You thought $100 a barrel was high. Options to buy oil for $200 a barrel have grown tenfold on the Nymex exchange in recent weeks, Bloomberg reports. Speculators use oil futures to bet on expected price hikes. While $200-a-barrel options remain only a small proportion of the total, the number has been going up as traders gamble that events could cause oil prices to climb even higher than record highs. More »

      Tags

      oil price  • crude oil  • oil production  • $100 a barrel oil  • futures market

  • August 2007

    • World Markets Climb After Countrywide Stock Sale

      Bloomberg  |  Aug 23, 07 9:21 AM CDT

      World Markets Climb After Countrywide Stock Sale

      (Newser) - Markets climbed worldwide after Bank of America invested $2 billion in Countrywide, giving the mortgage lender a desperately needed injection of cash and proving some appetite is left as subprime mortgages continue to rot. Barclays in the U.K., Mitsubishi in Japan, and Countrywide itself in Europe all saw major gains. "It's a significant vote of confidence," says an Edinburgh trader. More »

      Tags

      mortgage  • Bank of America  • Asian markets  • Countrywide  • European markets  • futures market

  • July 2007

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