Asian markets declined on Tuesday, pulling back from their recent gains. The Hang Seng fell .9% to 23111, the Nikkei dropped .9% to 10508, and the Shanghai Composite fell .4% to 2276. In Korea, the Kospi sank .7% to 1998, pulled down by heavyweight Samsung Electronics. The smartphone giant’s shares dropped 1.3%, even though the company issued a record profit outlook.
In Europe, banking shares rallied 1%, while the broader market eased. The FTSE slipped .2% to 6054, the DAX slumped .5% to 7696, and the CAC40 ended fractionally higher at 3706.
US indexes slipped as well, as the Dow erased 55 points to 13329, and the Nasdaq dipped .2% to 3092.
Monsanto rallied 2.7% after issuing a solid outlook, while Boeing shares skidded 2.6% after a Japanese Airlines Boeing 787 was forced to return to the gate due to a fuel leak.
Currencies
The dollar managed slight gains on Tuesday, as it reversed Monday’s losses. The euro slipped .3% to 1.3082, the pound dropped .4% to 1.6058.
Both the Canadian dollar and the Australian dollar eased .1%, while the Japanese yen rose .4% to 87.05.
Economic Outlook
Consumer credit unexpectedly rose to $16 billion from $14.1 billion, while the TIPP small business optimism report rose to 46.5 from 45.1.
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Equities Ease Across The Globe
Published 01/09/2013, 05:06 AM
Updated 05/14/2017, 06:45 AM
Equities Ease Across The Globe
Equities
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