» UK markets slid sharply yesterday, with the FTSE 100 index extending its losing streak for the eighth day, after Germany missed its fund-raising target at a recent bond auction, increasing concerns about the Europe’s debt crisis. Further, downbeat economic data from China, Europe and the US weighed on investor sentiment.
» Insurer, Prudential slid 3.5%, as markets remained sceptical over the management’s ability to meet targets.
» Among fund managers, Man Group, the top decliner on the FTSE 100 index, fell 10.0%, while Ashmore and Schroders lost 3.6% and 4.3%, respectively, amid concern that the global turmoil would trigger another wave of redemptions.
» BHP Billiton, Anglo American and Rio Tinto declined between 1.4% and 2.3%, as Australia’s lower parliament passed legislation for a 30% tax on miners.
» Fresnillo fell 2.5%, as Chinese manufacturing PMI data showed a drop in November.
» FTSE 100 shed 1.3% to 5,139.8. FTSE 250 lost 1.4% to 9,568.8.
Where to Spread Bet on UK Shares
FTSE 100 Shares
FTSE 250 Shares
Spread betting markets on European Shares may also be available through other companies. Notes.
US Shares News - 24 Nov 11
» US markets slumped yesterday, as bond yields across Europe surged to record-highs, after Germany failed to meet its fund-raising target at the latest bond auction, increasing concern that the Europe's debt crisis is worsening.
» Alcoa and Halliburton declined 4.1% and 4.5%, respectively, after data indicated that Chinese manufacturing activity shrunk in November.
» Bank of America, the top decliner on the DJIA index, retreated 4.3%, while Goldman Sachs, Wells Fargo, and Citigroup slipped between 1.7% and 3.9%, as the Federal Reserve imposed a tougher capital test on the 31 largest US banks.
» AK Steel Holding, the top decliner on the S&P 500 index, lost 8.9%, while Alpha Natural Resources and US Steel declined 6.7% and 7.6%, respectively, amid worries over the pace of the global economic growth.
» DJIA declined 2.1% to close at 11,257.5. NASDAQ slumped 2.4% to settle at 2,460.1. S&P 500 lost 2.2% to end at 1,161.8.
Where to Spread Bet on US Shares
Wall Street Shares
S+P 500 Shares
Nasdaq 100 Shares
Spread betting markets on US Shares may also be available through other companies. Notes.
Asian Shares News - 24 Nov 11
» Asian markets are trading mostly higher this morning, shrugging off strong overnight losses on Wall Street. This came after China increased efforts to support cash-strapped companies in Zhejiang and rural areas hit by a credit squeeze to bolster economic growth.
» In Japan, Canon, Mazda Motor and Nintendo paced declines, after US consumer spending and factory orders weakened in October.
» Nomura Holdings lost value, after the company announced 1,000 jobs cuts.
» In Hong Kong, Bank of China and Hang Seng Bank paced gains, after People’s Bank of China cut the reserve ratio for more than twenty rural credit cooperatives by 50 basis points.
» In South Korea, KT gained value, on hopes that its 4G Long Term Evolution (LTE) customer base would increase, after it received an approval to switch off its 2G network.
» Nikkei 225 index is trading 1.4% lower, at 8,199.0. Hang Seng index is trading 0.5% higher at 17,944.7, while the Kospi index is trading 0.4% higher, at 1,789.9.
Spread Betting Markets
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