2011年5月18日星期三

Action Asia constant, firm dollar weighs on oil (Reuters)

Singapore (Reuters) - Japanese stable stocks which took place Tuesday after losses initially on signs of a slowdown in economic recovery in the United States and oil fell for a second session so that the dollar edged higher on euro debt concerns.

European shares were to slip to the fourth session of right, with a slide in the price of raw materials seen on heavyweight minors and majors oil.

Britain's FTSE 100 (.)(FTSE), the DAX Germany (.)(GDAXI) and the France CAC 40 (.)(FCHI) were all seen opening down about 1%, according to financial spread betting.

Nikkei average of the Japan reference (.)(N225), the key to the Asian market for foreign investors, fell by more than 3% over the last three sessions to a withdrawal in other assets risky as investors factor in the expected end of the program of the US Federal Reserve in June.

The Nikkei closed 0.09% only, after earlier sliding close to 0.7%, while the broader Topix (.)(TOPX) was off the coast of 0.08%.

"All eyes are now commodities," said Takashi Ohba, superior to Okasan securities strategist. "Normally falls on commodities would be regarded as positive for the economy, but these days that the market has become a barometer for taking risks - products are lower, so everyone is in a"risk-off"atmosphere."

Seoul flat sharing completed, overcome some pressure at the start of the foreign investor sales and decreased in matters of technology such as Samsung Electronics (005930.KS).

Tech shares fell on Wall Street overnight and have been the biggest drag on the index of the MSCI of the actions of the Asia-Pacific outside the Japan. The index fell in the morning and was up 0.17% at 2 p.m. (EDT). Samsung has fallen by more than 1%.

Some Asian and Singapore, markets were closed for a holiday.

The dollar rose as high as to 81.23 yen after stop-loss buy orders were triggered slightly above 81 yen in a thin market.

The dollar index (.)(DXY), a measure of its value against a basket of currencies, was 0.18 per cent, making the labels of products more expensive for holders of other currencies.

The euro advance within approximately 115.40 yen and $1.4181. He hit a minimum of seven weeks against the dollar the previous day and remains vulnerable because of concerns about the debt of the peripheral eurozone countries.

The weekend arrest in New York of International Monetary Fund Managing Director Dominique Strauss-Kahn on charges of attempted rape sends shockwaves through the French political circles and the IMF left in turmoil, but has no apparent effect on Asian markets.

Future gross U.S. extended declines Tuesday in global economic concerns and as American industry data was expected to show a fourth-straight increase in stocks of crude oil from the top consumer of the page.

ICE Brent for July fell 26 cents to $110.58 per barrel. Future gross U.S. for June delivery fell 22 cents to $97.13.

Gold was stable and silver rebounds by a decrease of 5 per cent of the previous session, as some Asian physical offset purchase influence dollar slightly stronger.

Spot Gold edged up to Northeast $ an ounce. Inflation concerns pink in Europe as energy costs pushed upward inflation in the euro area in April, potentially adding to the appeal of bullion as a hedge.

A gauge of manufacturing in the State of New York fell much more than expected to provide the last sign of a slowdown in economic recovery in the United States, who shot the actions American and lower oil prices Monday.

The Dow Jones industrial average (.)(DJI) lost 0.38% Monday. The Standard & Poor 500 Index (.)(SPX) fell 0.62% and the Nasdaq Composite Index (.)(IXIC) dropped 1.63%.

(Written by Nick Macfie)


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