Showing posts with label global. Show all posts
Showing posts with label global. Show all posts

Thursday, May 26, 2011

Global stocks slide of the euro on the euro-zone debt crisis

London- global stocks fell while the euro that moves towards a minimum of two months, on Wednesday on concerns about the debt crisis spread the euro area and the potential for a further reduction of positions in risky assets.


Oil prices fell as the dollar rebounded against the euro and according to industry data showed U.S. crude fell inventories less forecast last week. Euro-zone debt problems drove the price of oil down more than 2% Monday.


Asian shares followed European and Wall Street shares lower as persistent concerns on the Economic Outlook for the United States and woes of euro weighed on sentiment.


Policy options for Europe to avoid a default value of Greek debt appear to be fast, dwindling casting a pall over the single currency and fueling fears of a chain reaction in other very indebted in the 17-nation euro zone countries.


The euro, which had rallied after better than expected German business confidence data Tuesday edged toward a minimum of two months of $1.3968 was hit earlier this week. He has lost about 5 percent since early May.


"The market does not know what to expect next in Greece and clearly there was a change in sentiment towards the euro and speculators are preferring to play the short side, said friend Gavin, nabCapital currency analyst.".


Speculative selling of the euro has intensified on vague market talk that the Greece can call an election early and investors trimmed positions risky, with a fall in the futures of stock index U.S. adding to pressure on the euro.


The euro has been the last fell by 0.6% to $1.4021, well below the previous session of the top of $1.4134.


THREAT OF CONTAGION


Global stocks are measured by the MSCI hangar 0.4% with European actions (.)(FTEU3) decline of 0.3% as line investors venerate yet on the potential for contagion Greek spread of major economies such as the Italy.


"Concern about Spain and the Italy may be exaggerated, but the question of the Greece goes no further, and if the Greece restructures, which may open the door of the Ireland and Portugal.", said Brian Dolan, Chief Strategist at Forex.com.


A default value of Greek debt would adversely affect other peripheral States of the eurozone and could push Portuguese debt and Irish into junk territory, Moody said Tuesday, warning he would classify most forms of restructuring by default.


Index of the MSCI Asia Pacific off Japan in stocks fell by 0.7% while the Nikkei (.)(N225) closed 0.6%.


Treasury us and German bunds advanced as investors a reduced exposure to risky assets and sought refuge in sanctuary of the debt. The performance of the 10-year Bund was perched just above the psychologically important level of 3% and could violate in the short term, in view of the debt crisis unresolved.


Oil slipped as the dollar rebounded against the euro, giving part of his rise from 2 percent of the day after Goldman Sachs raised its forecast of Brent crude price overnight. Brent crude for July delivery did not $112 a barrel.


However dug downwards after having rallied to its highest level in three weeks at the previous session, but the bullion price in euro hit a record on concerns about the impact of a defect of possible debt by the Greece on other economies in the euro area.


Spot Gold fell to $1,521.86 an ounce after rising as high as $1,527.45 Tuesday, its strong since May 4.

Wednesday, May 25, 2011

Global markets up despite European debt concerns

BANGKOK - on broken global markets slump Tuesday Despite fears of European debt crisis spreads further major economies.

The price of oil has increased to about US $99 per barrel after Goldman Sachs raised raw forecasts due to concerns that the closure of the output of Libya will take spare OPEC supplies. In currencies, the dollar slipped against the yen and the euro.

European markets were higher in trade at the beginning. FTSE 100 Britain increased by 0.5% to 5,867.94. Germany of DAX gained 0.5% at 7,158.02, and CAC-40 the France was 0.4% higher at 3,921.15.

Wall Street was dedicated to increase after the sinking Monday. Future industrial Dow Jones rose by 30 points at 12,392, and S & P 500 future were higher in 1,319.10 3.9 points.

One day turbulent trading in Asia ended with the main higher benchmarks.

Nikkei 225 of the Japan increased 0.2% to close at 9,477.17 after ending the morning down session. Toshiba shares rose by 2.1%, a day after the company announced, it moves in the business of power of the wind through an alliance with unison Co. Ltd. Korea, a manufacturer of wind power equipment.

Hong Kong Hang Seng was slightly higher than 22,730.78 after emerging from the red in the morning.

ABN Korea in South increased from 0.3% to 2,061.76, with Kia Motors Corp., the country second auto manufacturer, gaining 1.9% and Hynix Semiconductor, a world leader in the chip memory which, up 1.3%.

S & P/ASX 200 lost Australia 0.3 per cent to 4,628.80, with some mining shares hit by worries that a slowing of the Chinese production would lead to falling demand for commodities. Energy Resources of Australia Ltd. fell by 2.3%. BHP Billiton Ltd., the world largest mining company, lost 0.1%.

Based in Taipei Foxconn Technology Co. Ltd., the largest electronic contract manufacturer, decreased by 2.6%, after an explosion in one of the plants of the company in China, which makes iPad 2 killed three employees and wounded 15 Friday.

Chinese 苏童 shares were mixed as weak economic indicators and pessimistic forecasts for prospects short-term weighed on sentiment.

The reference index of Shanghai Composite Index lost 0.3 per cent to 2,767.06, the more close in four months, while the Composite's Shenzhen China index has gained 0.1% to 1,150.91. Shares in precious metals, non-ferrous metals and acquired biotechnology companies.

"Funds are in short supply and investors are wear to the slowdown of economic growth and inflation, said Peng Yunlang, Shanghai-based analyst.

Europe's debt crisis has shaken markets Monday that fears about the solvency of the Greece combined with concerns that the Spain or the Italy Similarly, may be moved in the turmoil that has seen three countries using the euro common to the rescue.

End of last week devalued the Greece debt Fitch rating agency also in undesirable situation. Then, Standard & Poor said Saturday that the Italy was in danger of having its rating lowered debt if it could not reduce its borrowings and increase economic growth. Monday, Fitch cut the Belgium outlook.

The shaking was felt on Wall Street, where stocks took a pounding Monday. The Dow Jones index fell by 1.1% to close at 12,381.26. Standard & Poor of 500 index has fallen or 1.2% to 1,317.37 composite index Nasdaq fell it by 1.6% to 2,758.9.

Benchmark crude for July delivery was up to $1.14 offenders $ per barrel in electronic trade on the New York Mercantile Exchange. The contract has lost $2.40, or 2.4 per cent, to settle at $97 Monday.

Goldman Sachs said the civil war in Libya, which has closed almost all country's 1.6 million barrels per day of oil production, will eventually grow higher prices.

The euro rose to $ 1.4060 $1.4095 in Exchange late Monday in New York. The euro was lower at $1.40 earlier in the day for the first time since March. The dollar slipped to yen yen 81.97 81.93.

Tuesday, May 24, 2011

Wells of U.S. stocks on global growth is concerned

NEW YORK - US stocks dropped sharply Monday with investors and European debt fears giving growth Chinese easing jitters.


The Dow Jones Industrial Average of blue chip stocks closed 130.78 points (1.05%) to 12,381.26.


500-Stock broader S & P Index dropped 15,90 points (1.19%) to 1,317.37, while the tech-heavy Nasdaq Composite declined by 44.42 points 2,758.90 (1.58 per cent).


Stocks sank on the opening and retrieve only somewhat at the end of the session, with all 30 Dow components ending in red.


Decommissioning of S & P of Italian sovereign debt fuelled fears of a crisis in the eurozone spread, while slowing Chinese production figures have a new sign of slowdown in the world's second economy.


"Center of the stage belonged to the global malaise surrounding the eurozone debt crisis, after Standard & Poor?" s downgraded its Outlook for the Italy, Fitch lowered its Outlook on the Belgium, in Greece remains uncertain and Spain of the debt restructuring? the party in power has decimated during the regional elections in the course of the weekend "said analysts at Charles Schwab."


Caterpillar lost 2.5 per cent and Boeing fell by 1.6%. both are especially dependent on sales in China.


Among tech stocks, Internet giant Baidu China lost 3.9%.


Apple has closed 0.25% to $334.37, overcome earlier losses which was born of production iPad concerns after a deadly explosion at Foxconn China plant which makes iPads.


The bond market rose while the dollar jumped against the euro. Performance on the end note for 10 years of the Treasury Board dragged to 3.13% of 3.15% Thursday, while on the binding of 30 years to 4.27% of 16: 30 per cent.


Prices of bonds and yields move in opposite directions.

Monday, May 16, 2011

Weak economic signals direct markets global down

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.