Saturday 5 June 2010

Things are a bit volatile out there

Listed on the London Stock Exchange:

BARC 288.60p -16.50p (-5.41%)
CAU 48.00p +0.50p (+1.05%)
CRWN 30.50p 0.00p (0.00%)
FPER 5.38p +0.13p (+2.48%)
FCCN 42.00p -4.00p (-8.70%)
GAR 3.38p 0.00p (0.00%)
JKX 232.00p -2.30p (-0.98%)
LLOY 55.44p -1.18p (-2.08%)
LLPE 59.75p -0.25p (-0.43%)
MAI 156.00p -1.00p (-0.64%)
QQ. 128.00p -1.50p (-1.16%)
RBS 43.49p -3.24p (-6.93%)
UNG 2.75p +0.13p (+4.76%)

Listed on New York Stock Exchange:

C $3.79 -$0.17 (-4.29%)

This week's big things have the markets sent the markets up and down. First, BP's continuing problems regarding the oil spillage in the Gulf of Mexico after the top kill method fails to plug the leak. Second, Prudential's bid for AIG's Asian business fails after the US State refuses to lower the price. The revolt from it's shareholders is due to the price being too high in the current economic climate. The firm will have to pay massive fees to the advisers and a break fee to AIG leading to concerns to it's future. Thirdly, generally good company news from the US stock markets sent the UK markets up. Lastly, worse than expected US job figures have caused a classic overreaction through sell off of stocks. Lets hope for the best which it will come.

No comments:

Post a Comment

Credit crisis of 2008

Credit crisis of 2008
Depiction of banks receiving bailout from the state.