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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: futures market

futures market stories: 14 news summaries

 Trading Locked After 
 Dow Futures Plunge 550 

Dow, S&P, Nasdaq all head for red at opening bell

Oct 24, 08 6:21 AM CDT
(Newser) - US stock futures plunged this morning, with trading in Dow and S&P futures locked after both fell more than 6% in early-hours trading. Dow futures fell 550 points to 8824, while the S&P fell 60 to 855.2—hitting the limit that each can decline in one trading... More »

MORE ABOUT:
Dow Jones • futures market • markets • Dow • S&P 500 • stock futures

MARKETS

 Global Stocks Surge 
 on Credit-Market Moves 

New Treasury plans also boost market

Sep 19, 08 4:33 AM CDT
(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... More »

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

 Lehman Crash 
 Triggers Global 
 Market Tumble 

US futures and dollar sink: 'It's mayhem'

Sep 15, 08 3:40 AM CDT
(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... More »

MORE ABOUT:
stock market • bankruptcy • futures market • Lehman Brothers • Asian markets • European markets • US dollar • financial crisis

MARKETS

 Stocks Rally Strong on
 Fannie, Freddie Takeover 

Europe, Japan, US futures see market surge

Sep 8, 08 4:29 AM CDT
(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... More »

MORE ABOUT:
stock market • Japan • Europe • Henry Paulson • futures market • Freddie Mac • Fannie Mae • conservatorship • bailout • financial crisis

 Feds Hunt for Scams
 in Crude Oil Trading 

Speculators may be driving up crude by manipulation

May 30, 08 7:55 AM CDT
(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... More »

MORE ABOUT:
insider trading • futures market • gas prices • oil price • Commodity Futures Trading Commission • New York Mercantile Exchange • Financial Services Authority • jet fuel • Bart Chilton • oil industry • Platts • McGraw-Hill • oil futures • Intercontintental Exchange

 Oil Tops $130 

Supply concerns drive crude

May 21, 08 8:30 AM CDT
(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... More »

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

Congress Turns on Speculators in Oil Bubble

Legislators push regulation in effort to slow gushing prices

May 15, 08 7:22 PM CDT
(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... More »

MORE ABOUT:
oil • futures market • oil price • commodities • commodities exchange • speculation

Traders Bet
On McCain
vs. Obama

Frontrunners look like primary winners in prediction markets

Mar 4, 08 10:00 AM CST
(Newser) - Traders in online prediction markets are betting on Barack Obama and John McCain as the winners in their respective primaries today. The Intrade and Iowa Electronic futures markets let traders wager real money on outcomes political and otherwise; both markets give Obama's chances for winning the nomination as almost 80%,... More »

MORE ABOUT:
Barack Obama • Hillary Clinton • John McCain • Intrade • futures market

Oil Flirts With Record-High $104

Passes inflation-adjusted all-time peak

Mar 3, 08 11:45 AM CST
(Newser) - As oil soared to nearly $104 a barrel today, it set an all-time, inflation-adjusted record, surpassing even the height of the oil crises of the '70s and '80s, the New York Times reports. Futures touched $103.95 on the New York Mercantile Exchange, beating out the April 1980 record... More »

MORE ABOUT:
inflation • oil • futures market • oil price • New York Mercantile Exchange • commodities • oil supply • $100 a barrel oil • oil crisis

Rogue Trader Says SocGen Looked the Other Way

Kerviel says he was up $2B at the end of 2007

Jan 31, 08 11:00 AM CST
(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... More »

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

Europe Sees Biggest Stock Plunge Since 9/11

US futures drop, adding to fears for domestic markets

Jan 21, 08 4:10 PM CST
(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%... More »

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

Traders Gamble on $200 Oil

Did you think $100 was high?

Jan 8, 08 6:24 AM CST
(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... More »

MORE ABOUT:
futures market • oil price • crude oil • oil production • $100 a barrel oil

World Markets Climb After Countrywide Stock Sale

US futures also up
as worries cool

Aug 23, 07 9:21 AM CDT
(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... More »

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

Mercantile Merger Creates Super Market

Chicago exchanges combine in $12B deal

Jul 10, 07 5:03 AM CDT
(Newser) - Chicago's Board of Trade and the Mercantile Exchange—bitter rivals for decades—will merge to form the world's largest derivatives market in a deal worth close to $12 billion, the Chicago Tribune reports. The merger ends months of jockeying and speculation as another suitor, Atlanta-based Intercontinental Exchange, failed to mount... More »

MORE ABOUT:
Chicago Board of Trade • Chicago Mercantile Exchange • futures market • derivatives market

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