Asian shares decline for the first time in the last three trading days in connection with the negative dynamics in the sector of technology companies and raw materials sector

by admin on October 21st, 2009

Stock Market U.S.

The main reason for the reduction of share platforms of the U.S. before, was the information on thehousing market, for properties under construction, the rate of population which does not meet expectations key market participants. Stock quotes are not supported even the consumer price index in September, whose value has declined, contrary to expectations the lack of changes in conditions of high unemployment makes goods more affordable for consumers. Not impressed with the players and the data for corporate reporting Apple Inc. and Caterpillar. Among the shares of house-building sector in the reduction were leading Pulte Homes Inc. and Home Depot Inc. Shares Coca-Cola Co. lost 1.3% after the company released sales figures did not impress investors, while shares of Boeing Co. lost almost 3% against the recommendations of Morgan Stanley, to sell, shares of aircraft manufacturers.

European stock market

European stock markets finished Tuesday in the red zone because of disappointing investors, macroeconomic statistics from the U.S.. Pan-European index of blue chip FTSEurofirst 300 dropped to 0,39 percent to 1.022,50 points. Producer Price Index (PPI) in the U.S. fell in September to 0.6 percent in monthly terms, while analysts expected a repetition of the August values. Not pleased investors and the report of the U.S. Department of Commerce: growth in the number of homes on which construction began in the U.S. in September was not as high as predicted by economists. Sharp drop in shares of British bank Barclays - at 4.8 percent - was triggered by news of the sale of his shares of National Fund of Qatar. Other banking quotes - HSBC, Royal Bank of Scotland, Credit Agricole, Natixis and Credit Suisse - dipped 0,2-2,8 percent.

FTSE-100 -38.14 -0.72%
DAX -40.79 -0.70%
CAC40 -20.91 -0.54%

Asian stock market

Asian shares decline for the first time in the last three trading days in connection with the negative dynamics in the sector of technology companies and raw material industries. Revenues of the two leading telecom companies China Mobile Ltd. and China Telecom Corp. disappointed some investors despite the fact that oil prices were also in negative territory. Cnooc Ltd. - Chinese oil producing lost 1.6% after reports the Wall Street Journal of drops in the nine-month profit of the company. Equity Samsung Electronics Co. retreated in trading in Seoul, on 2% after AT T Inc. filed a lawsuit against manufacturers of liquid crystal displays, calling for fixing prices of products.

NIKKEI 225 -3.45 -0.03%
HANG SENG INDEX 21.92 0.10%
SHANGHAI SE A SHARE INDX -14.64 -0.45%
SHANGHAI SE B SHARE INDX 0.49 0.23%
KOSPI INDEX -5.29 -0.32%


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