BANGKOK - scholarships drifted Monday in a quiet day of trading because of a day off U.S. and signs that the global economic recovery has reached a plateau.
The price of oil fluctuated below $100 per barrel in light trading volume before the Memorial Day holiday to the United States. The dollar was lower against the euro but against the yen.
Asian markets have been largely inert and European shares posted gains in deaf in trade at the beginning. DAX Germany was 0.4% higher than 7,190.4 and the France CAC - 40 rose 0.1% to 3, 955.97.Markets in Britain is closed for a holiday.
Most of the major economies should continue its growth, evidence is mounting that many around the world are striving to develop as quickly as they did last year. European governments are faced with debts and squeezed budgets. High unemployment, real depressed and still high oil prices are slowing American economy. In China, increases in interest rates to reduce inflation are slowing growth.
"In this kind of market, where you have seasonal weakness, not to mention a raft of concerns including the softening of the global economic data and European, U.S. debt worries, default position of the market is definitely down," Cameron Peacock, an analyst with the market with IG markets in Melbourne, said in a report.
Average stock of Japanese Nikkei 225 slipped 0.2 per cent to close at 9,504.97 as a stronger yen exporters of the country hurt. Many of them are already struggling with shortages of failures and parts of power following an earthquake and devastating tsunami on March 11.
Toyota Motor Corp., the top auto producer, declined 0.2 percent and rival Honda Motor Co. Ltd. lost 1.3%. Electronics and entertainment giant Sony Corp. slipped 2.1%.
ABN Korea in the South loses 0.3 per cent to 2,093.79, with tech among the most embattled actions. Samsung SDI Co. Ltd., which manufactures electronic tubes and plasma for digital displays panels, collapsed 11.5%.
Samsung Electronics Co. and Hynix Semiconductor Inc., both manufacturers of computer memory chips world's largest, fell to 0.8 per cent and 5.8 per cent respectively in the reports showing decreases the demand for personal computers.
A report by Taiwanese DRAMeXchange Technology Inc., has shown Samsung represents approximately 40% of the world market for DRAMs in the period from January to March, Yonhap News Agency. DRAM chips are running several programs simultaneously on personal computers. But the size of the world market for DRAM in the first quarter was down 3.7% three months earlier, as a demand for the PC remains low, said the report of the DRAM.
S & P/ASX 200 shed 0.4% to 4,667.50 Australia, as banking shares came under pressure in the speculation, that they are more attractive for short sellers due in part to exposure to the property of the Australia market, said analysts. Short sellers sell stocks, they were borrowed from other investors in the hope that they will make a profit when the stock price falls.
"Banks are exposed to real estate prices." "If they are stagnating or soften, there is potential liability for banks,", said Matthew Lewis, head of the commercial sales of CMC to Sydney markets.
The Bank of the Commonwealth of Australia and Westpac Banking Corp. fell by 1.3%. Australia National Bank Ltd. was decreased by 0.8%.
Hong Kong Hang blood was 0.3 per cent to 23,184.32. Landmarks in Singapore, Taiwan, New Zealand, Thailand and the Philippines has also increased.
Mainland China share edged lower on speculation authorities may be preparing to raise rates soon to counter inflation interest.
The reference index of Shanghai Composite index has lost 0.1% to 2,706.36, after gaining 0.7% earlier in the day. The Shenzhen Composite index smaller than China, second Exchange lost 1 percent to 1,090.50.
United States, a key measure of the unexpected rise this month, consumer confidence helps boost Wall Street Friday.
The Thomson Reuters/University of Michigan Consumer index is passed to 74.3 in may, over 70 analysts estimates. Concerns about prices of gas and the reversed higher inflation gauge in March and April.
Gasoline prices fell in may after reaching close to $4 last month, giving a lift of the closely supervised extent that one thinks of the economy. That gives rise to the hope that people might be willing to spend more.
The Dow Jones industrial average rose 0.3% to 12,441.58. The standard & poor 500 index increased by 0.4% to 1,331.10. The Nasdaq composite increased from 0.5% to 2,796.86. U.S. markets are closed Monday for memorial day.
Oil of reference for July delivery dropped 70 cents to $99.89 US per barrel in electronic trade on the New York Mercantile Exchange. The contract of reference added 36 cents to settle at $100.59 Friday.
The euro was against the dollar to $1.4288 to $1.4283 Friday in New York. The dollar weakened to 80.81 80.91 yen yen.
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