Equities
Chinese data disappointed for a second day, as import growth fell significantly short of estimates. The Shanghai Composite slipped .3% to 2164, and the Hang Seng eased .2% to 19396. The Nikkei shed .4% to 8857, the ASX 200 fell .5% to 4098, and the Kospi dipped .4% to 1829.
European indexes gained, amid hopes that Germany’s top court will approve the latest European bailout plan. The DAX jumped .8% to 6438, the FTSE climbed .7% to 5664, and the CAC40 rose .6% to 3175.
US stocks were less fortunate, skidding for their 4th straight session. The Dow fell 83 points to 12653, the Nasdaq slumped 1% to 2902, and the S&P 500 dropped .8% to 1341.
Alcoa (NYSE:AA) reported earnings which exceeded analyst forecasts for both profit and revenues, yet the share tumbled 4.1%.
Alcoa Drops 4.1% Despite a Positive Earnings Report
AMD cut its sales outlook, sending shares down 11.2%.
Currencies
The dollar rose moderately on Tuesday, as investors continued to move out of risk. The euro and Swiss franc both fell .5% to 1.2253, and .9800 respectively. The Canadian dollar declined .3% to 1.0224, and the Australian dollar slipped .2% to 1.0186. The yen rose .2% to 79.40, and the pound settled flat at 1.5522.
Economic Outlook
The TIPP small business optimism index rose to 47 from 46.7, slightly exceeding forecasts. A reading below 50 denotes pessimism.
Chinese data disappointed for a second day, as import growth fell significantly short of estimates. The Shanghai Composite slipped .3% to 2164, and the Hang Seng eased .2% to 19396. The Nikkei shed .4% to 8857, the ASX 200 fell .5% to 4098, and the Kospi dipped .4% to 1829.
European indexes gained, amid hopes that Germany’s top court will approve the latest European bailout plan. The DAX jumped .8% to 6438, the FTSE climbed .7% to 5664, and the CAC40 rose .6% to 3175.
US stocks were less fortunate, skidding for their 4th straight session. The Dow fell 83 points to 12653, the Nasdaq slumped 1% to 2902, and the S&P 500 dropped .8% to 1341.
Alcoa (NYSE:AA) reported earnings which exceeded analyst forecasts for both profit and revenues, yet the share tumbled 4.1%.
Alcoa Drops 4.1% Despite a Positive Earnings Report
AMD cut its sales outlook, sending shares down 11.2%.
Currencies
The dollar rose moderately on Tuesday, as investors continued to move out of risk. The euro and Swiss franc both fell .5% to 1.2253, and .9800 respectively. The Canadian dollar declined .3% to 1.0224, and the Australian dollar slipped .2% to 1.0186. The yen rose .2% to 79.40, and the pound settled flat at 1.5522.
Economic Outlook
The TIPP small business optimism index rose to 47 from 46.7, slightly exceeding forecasts. A reading below 50 denotes pessimism.