Arc Bike News

February 1, 2011

Egypt fears keep oil above $100, Asian shares gain (AFP)

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Egyptian demonstrators gather in Tahrir Square close to a military tank, in Cairo.World oil prices stayed above $100 a barrel in Asian trade Tuesday on fears the escalating turmoil in Egypt will disrupt supply flows through the strategic Suez Canal.(AFP/Mohammed Abed)AFP – Oil stayed at $100 a barrel on Tuesday on lingering concerns over political unrest in Egypt while Asian stock markets rebounded from the previous day’s losses, helped by a rally on Wall Street.

Wall Street futures signal higher open (Reuters)

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Traders work on the floor of the New York Stock Exchange (NYSE). Stock exchanges in Britain and the United States have enlisted the help of the security services after finding out they were the victims of cyber attacks, The Times newspaper reported Monday.(AFP/Getty Images/Spencer Platt)Reuters – Stock index futures pointed to a higher open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1-0.4 percent.

World stocks advance on earnings, higher oil price (AP)

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Trader Steven Marcus, center, works on the floor of the New York Stock Exchange Monday, Jan. 31, 2011. (AP Photo/Richard Drew)AP – World shares moved higher Tuesday after overnight gains on Wall Street offset worries about political unrest in Egypt and the prospects of an imminent interest rate hike by China’s central bank appeared to fade.

Energy stocks push indexes higher (AP)

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In this Jan. 26, 2011 photo, trader Jonathan Corpina, left, and Edward Curran, right, work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)AP – Energy stocks led indexes higher Monday, the first day of trading since the growing unrest in Egypt caused the largest one-day drop in the broad stock market in more than three months.

How the major stock indexes fared Monday (AP)

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AP – Energy stocks led indexes higher Monday, the first day of trading since the growing unrest in Egypt caused the largest one-day drop in the broad stock market in more than three months.

Summary Box: Energy stocks lead market higher (AP)

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AP – ENERGY: Exxon Mobil Corp. gained 2.1 percent after it reported its most profitable quarter since 2008. Massey Energy Co. jumped 9.8 percent after Alpha Natural Resources Inc. said that it would buy the coal producer in a $7.1 billion deal.

A look at economic developments around the globe (AP)

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AP – A look at economic developments and activity in major stock markets around the world Monday:

Goldman’s Tourre cannot delay SEC case, judge says (Reuters)

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Reuters – Goldman Sachs Group Inc vice president Fabrice Tourre lost his bid to delay depositions in a U.S. regulator’s lawsuit accusing him of misleading investors about a product linked to subprime mortgages.

European stocks drop on Egypt tensions (AFP)

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International Airlines Group, newly formed from the merger of British Airways and Iberia, was among travel stocks affected by the crisis in Egypt, dealers said.European stocks fell Monday as political unrest in Egypt pushed down the share prices of oil majors and travel groups, traders said.(AFP/Ben Stansall)AFP – European stocks fell on Monday as political unrest in Egypt pushed down the share prices of oil majors and travel groups, traders said.

Egypt unrest pushes shares lower (Reuters)

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Pedestrians are reflected in an electronic board displaying market indices in Tokyo January 6, 2011. . REUTERS/Yuriko NakaoReuters – Global shares continued to slide on Monday, while Europe’s benchmark Brent crude was just short of $100 a barrel on fears political unrest in Egypt could spread among regional oil-producing nations.

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