Equities
Asian markets slumped on Friday, as weak economic data overshadowed hopes for stimulus measures. The Nikkei dropped 1.2% to 9071, the Kospi fell 1.2% to 1920, and the ASX 200 declined .8%. Miners tumbled, as Rio Tinto skidded 4.4% and Fortescue Metals sank 6.1%. The Shanghai Composite lost 1% to 2092, and the Hang Seng slumped 235 points to 19876.
European markets settled slightly higher, amid news that the ECB may consider bond-yield targets to stabilize debt-ridden countries. The DAX rose .3% to 6971, while the CAC40 and FTSE settled flat.
Across the Atlantic, investors snapped up stocks after Bernanke hinted that additional measures may soon be announced. The Dow climbed 101 points to 13158, the S&P 500 advanced .7% to 1411, and the Nasdaq gained .5% to 3070.
Autodesk shares tanked 15.6% after earnings missed forecasts.
Currencies
The Dollar traded higher, while European currencies declined. The Euro and Swiss Franc fell .4%, and the Pound declined .3% to 1.5810. The Australian Dollar lost .4% to 1.0400, and the Yen retreated .2% to 78.68.
Economic Outlook
Durable goods orders jumped 4.2% last month, blowing past forecasts for a 2.6% increase.
Monday’s sole report will be the Dallas Fed manufacturing survey. The UK will observe a bank holiday, so trading volumes in Europe are likely to be light.
Asian markets slumped on Friday, as weak economic data overshadowed hopes for stimulus measures. The Nikkei dropped 1.2% to 9071, the Kospi fell 1.2% to 1920, and the ASX 200 declined .8%. Miners tumbled, as Rio Tinto skidded 4.4% and Fortescue Metals sank 6.1%. The Shanghai Composite lost 1% to 2092, and the Hang Seng slumped 235 points to 19876.
European markets settled slightly higher, amid news that the ECB may consider bond-yield targets to stabilize debt-ridden countries. The DAX rose .3% to 6971, while the CAC40 and FTSE settled flat.
Across the Atlantic, investors snapped up stocks after Bernanke hinted that additional measures may soon be announced. The Dow climbed 101 points to 13158, the S&P 500 advanced .7% to 1411, and the Nasdaq gained .5% to 3070.
Autodesk shares tanked 15.6% after earnings missed forecasts.
Currencies
The Dollar traded higher, while European currencies declined. The Euro and Swiss Franc fell .4%, and the Pound declined .3% to 1.5810. The Australian Dollar lost .4% to 1.0400, and the Yen retreated .2% to 78.68.
Economic Outlook
Durable goods orders jumped 4.2% last month, blowing past forecasts for a 2.6% increase.
Monday’s sole report will be the Dallas Fed manufacturing survey. The UK will observe a bank holiday, so trading volumes in Europe are likely to be light.