» UK markets retreated sharply yesterday, amid renewed concern about the Eurozone debt crisis after Greece decided to hold a referendum on its latest bailout deal and after data indicated that Britain’s manufacturing sector activity contracted in October.
» Among financial stocks, Barclays, the top loser on the FTSE 100 index, plunged 9.5%, while Lloyds Banking Group and Royal Bank of Scotland lost 6.0% and 8.1%, respectively, amid renewed worries over the Greece debt-default.
» Among mining stocks, Rio Tinto, Antofagasta and Kazakhmys shed between 3.9% and 7.1%, after data showed that China's manufacturing activity slowed in October.
» Retailer, Marks & Spencer dropped 3.1%, after HSBC downgraded its rating on the stock to “Neutral” from “Overweight”.
» Tullow Oil slipped 4.1%, after its partner Anadarko warned that several wells at its Jubilee project, off Ghana, were producing below expectations.
» FTSE 100 slumped 2.2% to close at 5,421.6. FTSE 250 tumbled 3.0% to settle at 10,167.6.
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 - 02 Nov 11
» US markets slumped yesterday, as an unexpected move by Greece’s government to hold a referendum on the recent bail-out plan, renewed concerns that the country might default on its debt.
» Wireless carrier, MetroPCS Communications, the top laggard on the S&P 500 index, declined 9.9%, as its third-quarter earnings missed market expectations.
» Exchange operators, Nasdaq OMX Group, NYSE Euronext and CME Group lost between 2.8% and 8.6%, as US lawmakers proposed a tax on financial transactions.
» Bank of America retreated 6.3% and emerged as the top loser on the Dow Jones index, while Goldman Sachs and JPMorgan Chase slipped 5.5% and 5.9%, respectively, amid fears of a Greece default.
» AMD slumped 9.1%, after a US federal judge denied a request to halt a patent dispute S3 Graphics has against Apple at the US International Trade Commission.
» DJIA tumbled 2.5% to settle at 11,658.0. NASDAQ shed 2.9% to close at 2,607.0. S&P 500 slumped 2.8% to end at 1,218.3.
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 - 02 Nov 11
» Asian markets are trading lower this morning, amid fears that the European policymakers would fail to resolve the region’s sovereign debt crisis, after Greek Prime Minister George Papandreou called for a referendum on the new bailout package.
» In Japan, Nomura Holdings, traded lower after the company announced job cuts, following a second-quarter loss, late Tuesday.
» Exporters, Mazda Motor, Canon and Honda Motor paced declines as the yen appreciated against the dollar.
» In Hong Kong, HSBC Holdings and Bank of China lost values, as risk aversion increased among investors.
» Exporters, Esprit Holdings and Li & Fung traded lower, amid weak prospects for their global sales.
» In South Korea, Samsung Heavy Industries paced decline, after it reported a 53.0% year-on-year fall in its third-quarter net profit.
» Nikkei 225 index is trading 1.6% lower, at 8,695.1. Hang Seng index is trading 0.9% lower at 19,192.7, while the Kospi index is trading 0.9% lower, at 1,892.6.
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'Bank of America Share Spreads Shed 6 Percent Amid Greek Default Fears', Article by ETX Capital, last update: 2-Nov-11
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