Asian markets retreated on Thursday, as weak retail sales data from Japan weighed on the region. The Nikkei fell 1% to 8984, the Kospi sank 1.4% to 1906, and the ASX dropped .9% to 4316. The Hang Sang slumped 1.2% to 19553, a 1-month low, while the Shanghai Composite ended flat at 2053.
In Europe, markets sank amid concerns over Spain’s potential bailout. The DAX tumbled 1.6%, the CAC40 slid 1%, and the FTSE declined .4%. An Italian debt auction fared better than expected, as the government sold 7.3 billion euro of 10-year notes with a yield of 5.82%.
US stocks experienced a similar decline. The Dow dropped 107 points to 13001, the Nasdaq fell 1.1% to 3049, and the S&P 500 shed .8% to 1399.
Pandora jumped 14.3% after earnings beat forecasts.
Currencies
Currency trading remained slow as the market continued to consolidate. The Australian Dollar fell .6% to 1.0289, continuing its retreat, and the Pound dipped .3% to 1.5786. The Euro and Swiss Franc slipped .2% to 1.2509 and .9601 respectively, while the Yen inched up .1% to 78.64.
Economic Outlook
Weekly unemployment claims remained unchanged from last week at 374K, slightly above forecasts for 370K. Personal spending rose by .4%, inline with estimates, while personal income rose .3%, less than expected.
- 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
Stocks Skid Ahead Of Bernanke’s Address
Published 08/31/2012, 09:55 AM
Updated 05/14/2017, 06:45 AM
Stocks Skid Ahead Of Bernanke’s Address
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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.