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13/09/2001
Mood of uncertainty surrounds world stock markets
With US stock exchanges closed until Friday at the earliest, the mood of uncertainty is continuing to overshadow Europe's stock markets.
While, the US dollar managed to regain some its strength against other currencies,
many European and Asian investors, who are waiting to discover how American markets will react to the terrorist atrocities, have remained on the sidelines.
Meanwhile, eight media and hi-tech firms have been demoted from the elite club of the UK's top 100 listed companies.
One of those relegated form the FTSE 100 shares index was telecoms equipment maker Marconi, who have been in trouble for some time.
The latest FTSE 100 reshuffle, which is undertaken four times a year, clearly marks the dramatic turnaround in fortunes of the tech sector. At the height of the "new economy" boom last year, nine technology and media stocks were promoted to the index.
However, the collapse of the tech bubble has sent shares in software, dotcom and telecoms companies tumbling to be replacing by a collection of old-guard economy stocks.
Those companies promoted back into the FTSE-100 include Friends Provident and water group Severn Trent. (MB)
While, the US dollar managed to regain some its strength against other currencies,
many European and Asian investors, who are waiting to discover how American markets will react to the terrorist atrocities, have remained on the sidelines.
Meanwhile, eight media and hi-tech firms have been demoted from the elite club of the UK's top 100 listed companies.
One of those relegated form the FTSE 100 shares index was telecoms equipment maker Marconi, who have been in trouble for some time.
The latest FTSE 100 reshuffle, which is undertaken four times a year, clearly marks the dramatic turnaround in fortunes of the tech sector. At the height of the "new economy" boom last year, nine technology and media stocks were promoted to the index.
However, the collapse of the tech bubble has sent shares in software, dotcom and telecoms companies tumbling to be replacing by a collection of old-guard economy stocks.
Those companies promoted back into the FTSE-100 include Friends Provident and water group Severn Trent. (MB)
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10 September 2001
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
Stock markets worldwide in steady decline
Sparking renewed fears of a global recession share prices continued to fall worldwide, as global stock markets remained in the grip of a steady decline that only looks set to intensify.
12 September 2001
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
Fears of an economic meltdown recede
European stock markets were beginning to show signs of recovering from Tuesday’s plunge triggered by fears that the terrorist attack on the US would lead to a recession.
07 September 2001
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
Global stock markets take further tumble
Although the Nasdaq recovered slightly in afternoon trading thanks to some good news in the technology sector, a higher than expected rise in the US unemployment rate served to reinforced the current downward trend in global stock markets. Official data from the US Department of Labour shows that in the US unemployment jumped to 4.
31 August 2001
Dow Jones closes at five-month low
The Dow Jones has closed below the 10,000 level for the first time in nearly five months, at 9963.3. The result was further gloomy news on the economy for US companies and pulled Asian markets down in their stead, exacerbating the trend set by fresh waves of gloomy economic data from Pacific nations.
Dow Jones closes at five-month low
The Dow Jones has closed below the 10,000 level for the first time in nearly five months, at 9963.3. The result was further gloomy news on the economy for US companies and pulled Asian markets down in their stead, exacerbating the trend set by fresh waves of gloomy economic data from Pacific nations.
23 September 2011
World Markets Face Financial Melt-down
Although global stock markets had this morning reversed a dangerous slide into what was potentially a second worldwide crisis, European shares have since fallen further as investors continued to worry about the outlook for the global economy.
World Markets Face Financial Melt-down
Although global stock markets had this morning reversed a dangerous slide into what was potentially a second worldwide crisis, European shares have since fallen further as investors continued to worry about the outlook for the global economy.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
