Asian markets dropped following Thursday’s steep slide in the West. Korea’s Kospi was the worst performer, tumbling 5.7%, while the ASX 200 slid 1.6%. Hong Kong’s Hang Seng slid 1.4%, and the Shanghai Composite eased just .4%. Japanese markets were closed for a holiday. Materials stocks were the worst hit, as fears of a global recession hurt the sector.
European markets managed to bounce modestly after Thursday’s rout. The CAC40 rose 1%, the FTSE gained .5%, and the DAX advanced .6%. French banks were boosted on rumors of government assistance. BNP Paribas rallied nearly 10%, and Societe Generale surged 8.8%. Moody’s downgraded 8 Greek banks by two notches.
Currencies
The Dollar closed mostly lower after Thursday’s strong advance. The Pound led the pack, rising .7% to 1.5456, while the Euro ticked up .3% to 1.3491. The Yen initially rallied to 76.17 against the dollar, before reversing to end down .5% at 76.69. The Swiss Franc rose .3% to .9056, and the Canadian Dollar inched up .2% to 1.0280.
Economic Outlook
Monday’s reports will include new home sales, the Chicago Fed National Activity Index, and the Dallas Fed Manufacturing Survey. Earnings are due from Cal Maine Foods.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Daily Analysis – Equities Stabilize
Published 11/02/2011, 06:44 AM
Updated 05/14/2017, 06:45 AM
Daily Analysis – Equities Stabilize
Equities
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.