» UK markets tumbled yesterday, amid renewed concerns over the European debt crisis after Italy’s borrowing cost surged to a euro-era record high. Additionally, the US Federal Reserve refrained from announcing new stimulus measures to bolster the US economy, further weighing on market sentiment.
» Among precious metals producers, Fresnillo, the top laggard on the FTSE 100 index, declined 11.1%, as it traded ex-dividend, while Randgold Resources slipped 6.1%, as gold prices slumped.
» Rio Tinto, Antofagasta and ENRC slipped between 4.7% and 5.6%, as copper prices dropped to its lowest since October on the London Metal Exchange.
» Essar Energy retreated 6.5%, after the FTSE Group raised the minimum free float requirement for companies seeking inclusion in its indices to 25%.
» Retailer, Marks & Spencer fell 2.3%, as a broker downgraded the stock to “Sell” from “Hold”.
» FTSE 100 slumped 2.2% to settle at 5,366.8, while FTSE 250 shed 2.2% to close at 9,744.2.
Where to Spread Bet on UK Shares
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US Shares News - 15 Dec 11
» US markets closed lower yesterday, extending their losing streak for the third consecutive day, amid escalating worries over the European debt crisis.
» Heavy machinery maker, Caterpillar, the top laggard on the DJIA index, shed 4.4%, after it decided to dispose a part of its Bucyrus distribution business to the industrial division of Malaysia's Sime Darby.
» Joy Global lost 10.8%, as its fourth-quarter results missed market expectations.
» Clean energy firm, First Solar plunged 21.4%, after it announced its second restructuring in six weeks and trimmed its earnings outlook for 2011.
» Chevron and Transocean dropped 3.0% and 3.9%, respectively, as a Brazilian federal prosecutor sued both the firms for an oil spill last month.
» Charles Schwab skidded 4.9%, as it slashed its fourth-quarter earnings guidance by 25%.
» DJIA fell 1.1% to 11,823.5. NASDAQ lost 1.5% to 2,539.3. S&P 500 shed 1.1% to 1,211.8.
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 - 15 Dec 11
» Asian markets are trading lower this morning, taking cues from overnight losses on Wall Street, and after data showed that foreign direct investment in China fell in October on an annual basis. Moreover, preliminary data showed that China’s manufacturing might contract for a second month in December, further weighing on market sentiment.
» In Japan, manufacturers, Hitachi Construction Machinery and Komatsu paced declines, after the Tankan large manufacturing index for Japan showed a sharp decline for the fourth quarter.
» Toyota Motor, Honda Motor and TDK traded lower, amid concerns about demand prospects.
» In Hong Kong, banking stocks, Bank of China, Bank of Communications and ICBC traded lower, as risk appetite decreased among investors.
» In South Korea, energy stocks, S-Oil, and SK Innovation paced losses tracking overnight decline in crude oil prices.
» Nikkei 225 index is trading 1.2% lower, at 8,420.2. Hang Seng index is trading 1.8% lower at 18,023.8, while the Kospi index is trading 1.8% lower at 1,824.4.
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'US Oil Firms Fall as Brazillian Federal Prosecutor Sues Over Spill', Article by ETX Capital, last update: 15-Dec-11
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