20th November 2008 after losses in the stock markets overseas, the German stock market on Thursday much weaker expected. Finspreads estimates the Dax in the morning 2.1 percent lower at 4261 points. Already on Wednesday, the Dax closed 4.9 percent weaker at 4,354 points. Above all, the share of the chemicals group BASF has the default values burdened with a fall of more than 13 percent to 21.96 euros. The company will temporarily close 80 plants.
On Wall Street broke the Dow Jones index on Wednesday by 5.1 percent to 7997 points and closed the first time since five years under the mark of 8000 meters. In addition to the ongoing nervousness about the fate of the major automobile companies have also current economic data, the charged atmosphere, said market participants. The Nikkei-225 index closed with a minus of 6.9 percent also very weak. The Future on the American leading the morning was 291 points below its level on the Xetra closing Wednesday.
Movement for economic data expected as the German producer prices and the Philadelphia Fed index and leading indicators from the United States provide.
Again, price gains for bonds expected
On the German bond market experts expected again on Thursday with price gains in the fixed. The prospect of further sharp price losses on stock markets is likely the courses new impetus, it was. Furthermore, there is a good target from the American bond market. In morning trading on the other hand, are not marktbewegenden economic data from the euro zone for publication. Only in the afternoon, the release of key U.S. economic data again for new impetus in the pension market.
Euro slightly higher in the Far East
Recession worries on Thursday reaffirmed the Far East Forex determined. Dealers shy and put the risk on the safe yen. The euro cost 1.2510 U.S. dollars after 1.2502 U.S. dollars in late U.S. trade. The dollar to the Japanese currency quoted at 95.73 yen after 95.84 yen on the eve.
Oil prices continue to decline
Oil prices on Thursday after surprisingly poor economic data from the United States and with the concern over the fate of the major automobile companies continue relented. In Asian trade cost a barrel (159 liters) of the American Reference places West Texas Intermediate (WTI) 52.85 dollars and so less than 77 cents on the day before. Crude oil Brent North Sea resorts are reduced by 87 cents to 50.85 U.S. dollars.
A series of unexpectedly bad economic data reinforce the concern before a further slippage in the global economy and an associated decline in oil demand, said experts.
Tokyo stock market crashes
The Japanese stock markets are on Thursday to the lowest level for weeks now fallen. Persistent worries because of a possible recession and the stronger yen depressed mood. Moreover, the targets were from the United States with the Tokyo Stock Exchange down. The uncertainty over a rescue of the big American automobile companies, the American stock exchanges on Wednesday in free-fall toppled.
Its 225 full values Nikkei index closed with a minus 6.9 percent at 7703 points. Above all, export values were on the list of dealer sales.
Singapore shares noon very weak
After the renewed slump on Wall Street and parallel to the sharp price declines in Tokyo and Hong Kong tended the stock market in Singapore on Thursday midday (local time) very weak. The Straits Times Index lost until the end of the first half of 3.7 percent to 1604 points. At a winners were three losers. The trading volume was relatively thin.
The case of U.S. indexes to new year low showed that the stock markets in a desperate stage were said by DBS Vickers.
Among the weakest values included with a loss rate of nearly 8 percent SembMarine what the market with fears of weak drilling rig contracts is declared. The shares Börse Singapore Exchange lost 7 percent, due to worries about thin trading volumes was justified.
On Wall Street broke the Dow Jones index on Wednesday by 5.1 percent to 7997 points and closed the first time since five years under the mark of 8000 meters. In addition to the ongoing nervousness about the fate of the major automobile companies have also current economic data, the charged atmosphere, said market participants. The Nikkei-225 index closed with a minus of 6.9 percent also very weak. The Future on the American leading the morning was 291 points below its level on the Xetra closing Wednesday.
Movement for economic data expected as the German producer prices and the Philadelphia Fed index and leading indicators from the United States provide.
Again, price gains for bonds expected
On the German bond market experts expected again on Thursday with price gains in the fixed. The prospect of further sharp price losses on stock markets is likely the courses new impetus, it was. Furthermore, there is a good target from the American bond market. In morning trading on the other hand, are not marktbewegenden economic data from the euro zone for publication. Only in the afternoon, the release of key U.S. economic data again for new impetus in the pension market.
Euro slightly higher in the Far East
Recession worries on Thursday reaffirmed the Far East Forex determined. Dealers shy and put the risk on the safe yen. The euro cost 1.2510 U.S. dollars after 1.2502 U.S. dollars in late U.S. trade. The dollar to the Japanese currency quoted at 95.73 yen after 95.84 yen on the eve.
Oil prices continue to decline
Oil prices on Thursday after surprisingly poor economic data from the United States and with the concern over the fate of the major automobile companies continue relented. In Asian trade cost a barrel (159 liters) of the American Reference places West Texas Intermediate (WTI) 52.85 dollars and so less than 77 cents on the day before. Crude oil Brent North Sea resorts are reduced by 87 cents to 50.85 U.S. dollars.
A series of unexpectedly bad economic data reinforce the concern before a further slippage in the global economy and an associated decline in oil demand, said experts.
Tokyo stock market crashes
The Japanese stock markets are on Thursday to the lowest level for weeks now fallen. Persistent worries because of a possible recession and the stronger yen depressed mood. Moreover, the targets were from the United States with the Tokyo Stock Exchange down. The uncertainty over a rescue of the big American automobile companies, the American stock exchanges on Wednesday in free-fall toppled.
Its 225 full values Nikkei index closed with a minus 6.9 percent at 7703 points. Above all, export values were on the list of dealer sales.
Singapore shares noon very weak
After the renewed slump on Wall Street and parallel to the sharp price declines in Tokyo and Hong Kong tended the stock market in Singapore on Thursday midday (local time) very weak. The Straits Times Index lost until the end of the first half of 3.7 percent to 1604 points. At a winners were three losers. The trading volume was relatively thin.
The case of U.S. indexes to new year low showed that the stock markets in a desperate stage were said by DBS Vickers.
Among the weakest values included with a loss rate of nearly 8 percent SembMarine what the market with fears of weak drilling rig contracts is declared. The shares Börse Singapore Exchange lost 7 percent, due to worries about thin trading volumes was justified.
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