Mixed day for US Markets; Asia opens weak
October 12th, 2011
The Japanese stocks fell for the first time in four days after more or less negative biased news from the US and Euro markets. The analysts’ earnings estimates at US bellwether Alcoa Inc. signaled that its profits will be down and revenues will be disappointing. Chevron said its 3Q earnings will be in line with 2Q. The US markets traded mixed yesterday (Oct 11). The Dow lost all its big gains and finally closed in the red.
Dow: 11,416.30 -16.88 -0.15%
Nasdaq: 2,583.03 +16.98 +0.66%
S&P 500: 1,195.54 +0.65 +0.05%
The Asian markets are currently trading mixed with negative bias. The news from the Eurozone is not so encouraging with Slovakia blocking a measure to expand Europe’s financial rescue program for heavily indebted countries - a setback for attempts to overcome the debt crisis. Nikkei 225 is trading in the red while Hang Seng and Straits Times are in the green.
Entry Filed under: Global Markets
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