Asian markets traded mostly higher on Monday, buoyed by Friday’s rally in the West. The Hang Seng edged up .2% to 19121, the Kospi rose .3% to 1818, and the ASX 200 advanced .6% to 4105. Energy and material shares were the primary gainers. The Shanghai Composite was a notable exception, tumbling 1.7% to 2148, a 2-year low, after profit warnings from several manufacturers sent shares sharply lower.
European markets ended little changed. The Dax rose .1% to 6566, while the FTSE and CAC40 declined less than .1%.
In the US, stocks declined as retail sales data fell short of forecasts. The Dow erased 50 points to 12727, the Nasdaq slid .4% to 2897, and the S&P 500 eased .2% to 1354.
Human Genome (HGSI) gained 4.5% after approving GlaxoSmithKline’s (GSK) offer to purchase the company for $3 billion.
Yahoo (YHOO) announced that Marissa Mayer, a former Google (GOOG) executive, will be the company’s new CEO and president.
Currencies
The dollar settled mostly lower on Monday, but the losses were limited. The yen advanced .5% to 78.83, the pound gained .4% to 1.5624, while the euro and Swiss franc edged up .2%. The Australian dollar inched up .1% to 1.2046, while the Canadian dollar slipped 8 pips to 1.0148.
Economic Outlook
Retail sales unexpectedly fell .5% last month, well below forecasts for a marginal .1% increase. Business inventories increased .3%, slightly above forecasts, while the Empire State manufacturing index rose to 7.4 from 3.9.
- 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
US Stocks Drop On Weak Economic Data
Published 07/17/2012, 07:01 AM
Updated 05/14/2017, 06:45 AM
US Stocks Drop On Weak Economic Data
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.