BANGKOK - markets stock to collapse Monday cause a loss of momentum on Wall Street, falling prices of raw materials and concerns about Europe's debt problems.
At the beginning of European trade, FTSE 100 Britain lost by 0.2 per cent in 5,915.70 and Germany of DAX declined 0.6% to 7,358.25. CAC - 40 wilted France 0.9% as the country presented the arrest of personality politics and Chief Dominique Strauss-Kahn International Monetary Fund in New York City for sexual offences.
Wall Street was headed for a lower opening, with the Dow Jones industrial future drag 24 points 12,532 and future of S & P 500 lost 3.2 points to 1,330.80.
Doubts about the strength of economic recovery in the United States have weighed on Wall Street and markets elsewhere recently. After sailing with their best first quarter since 1998, US stocks begin to lose some momentum.
The Standard and Poor 500 index, stock, point the broad market benchmark, is only 1% this quarter after having jumped 5.4% in the first three months of the year. This lower performance is largely due to conflicting data on the health of the US economy.
Slow on Wall Street was a sign that "investors continued to worry about slowdown in global growth and European debt concerns," said Ben Potter IG markets in Melbourne.
During this time, the arrest Saturday of Strauss-Kahn on charges of rape and assault sexual attempts could be a distraction in Europe, where the IMF and Strauss-Kahn was strongly involved in trying to resolve debt crises in the Portugal and Greecesaid Jackson Wong, Vice-President at Tanrich Securities in Hong Kong.
A member of the Socialist Party of France, Strauss-Kahn has been also widely regarded as the greatest potential challenger next year to President Nicolas Sarkozy, whose political fortunes have been tracking.
Index Nikkei 225 of the Japan fell 0.9% to close to 9,558.30 with banking shares losses feedback week last by Secretary General Yukio Edano Government suggesting that the Tokyo Electric Power Co. will need to repay its debts. Mitsubishi UFJ Financial Group Inc. has lost 1%. Mizuho Financial Group and Sumitomo Mitsui Financial Group Inc. has lost 1.5%. TEPCO itself collapsed 7.3%.
Edano said Friday that TEPCO may need adjustments to its loans to help it cope with financial losses disasters natural twin March 11 - an earthquake and subsequent tsunami that broke nuclear company in the northeast of the Japan.
The utility was wrong two months make a leak of radiation from the plant in Fukushima Dai-ichi crippled under control. TEPCO has sought a loan of 2 billion yen ($24.8 billion) for her to tide through the initial period of emergency. It also provides pay 50 billion yen (620 million dollars), nearly 80,000 residents evacuated the plant autour. Overall damages should be much higher.
Elsewhere, ABN Korea in the South lost 0.8 per cent to 2,104.18, and Hong Kong Hang Seng shed 1.4% to 22,960.63. Landmarks in Singapore, Indonesia and Taiwan were also low, while those in New Zealand and the Philippines increased.
The fall in prices of basic products have been keeping investors Bay, said Wong. Oil, for example, was almost $114 per barrel at the end of April, but is now less than 100 dollars per barrel. Shares registered in Hong Kong by CNOOC, China National Offshore Oil Corp., fell by 2.2 per cent.
S & P/ASX 200 closed Australia 1.3% less than 4.650, with BHP Billiton, more worldwide mining company, fell by 1.8%. Energy resources of the Australia fell 3.9%.
Mainland China sharing the ground lost Monday after the last increase in the duty of reserve of the Central Bank for banks, which was announced Friday.
The benchmark index Composite of Shanghai lost 0.8% to 2,849.07 and the Shenzhen Composite Index of China over small, second Exchange lost 0.2% to 1,198.72.
Banking shares fell. Industrial & Commercial Bank of China, lending more of the country has lost 1.5%.
"Liquidity will continue to be attached with inflation still more than 5%." Given that we can expect to more tightening measures, how could a "bull market"? ", said Liu Kan, Guoyuan securities analyst, based in Shanghai."
Friday, the Dow Jones index lost 100.17 close at 12,595.75 points. The & S P 500 fell 0.8% to 1,337.77, and the Nasdaq lost 1.2% to 2,828.47.
Benchmark crude for June delivery fell $ 1.70 to $97.86 US per barrel in electronic trade on the New York Mercantile Exchange. The contract settled at $99.65 per barrel Friday, up 68 cents.
In currencies, the euro is reinforced for $1.4133 of $1.4110 late afternoon trading Friday in New York. A little more than a week ago the euro was worth $1.49. The dollar was little changed at 80.85 yen.
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