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The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.47 million barrels per day (b/d) of crude oil in September, a Platts survey of OPEC and oil industry officials showed today. This is down 340,000 barrels per day from August and reflects output declines in Saudi Arabia, Iraq and Angola.
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There were three IPOs in September, one each on the TSE Mothers, OSE Hercules and JASDAQ markets. Thus far in 2008, there have been 32 IPOs: 11 on JASDAQ, 9 on TSE Mothers, 6 on OSE Hercules, 3 on the TSE 2nd section, and one each on the Nagoya Centrex, Sapporo Ambitious and JASDAQ NEO markets.
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A bad day for shares again. But did we see a steadying emerge in late US trading?
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NYSE Euronext (NYX) experienced record trading activity on its U.S. cash equities exchanges and all of its derivatives operations for the month of September 2008. In addition, NYSE Euronext’s markets added 60 new corporate listings and 75 Exchange Traded Products.
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The Abraham Energy Report issued a special report to subscribers providing analysis on falling oil prices which dropped below $88 a barrel on Monday.
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Nowhere to run, nowhere hide, or so it seems in recent weeks. Last week was no exception, and the havoc continued across the globe yesterday and continued into the trading in northern hemisphere markets.
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Global Markets Down
added: 07-10-2008

Markets tumbled around the world, the euro fell sharply against the yen and the US dollar;oil dropped below $US90 a barrel and the Australian dollar plunged by over 5% in a matter of hours.
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Volatile market conditions contributed to very strong trading across the equity order books of the London Stock Exchange Group during September. £302.8 billion (€383.1 billion) worth of equity trading was carried out during the month, an increase of 24 per cent on September 2007, while the total number of trades increased 62 per cent to 27.1 million.
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A report by Atradius, a leading global trade credit insurer, has found that manufacturers are bracing themselves for further price hikes in raw materials as vital commodities such as tin and copper suddenly become as highly prized as gold.
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Stockmarkets were mixed: the US easier, Asia and Europe climbed on speculation the US Senate will approve a $US700 billion bailout rescue plan.
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