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Foreign Markets

Asian stocks were mixed in overnight trading as Japan reported exports fell to their lowest level on record in November. However, Tokyo’s Nikkei 225 stock average rose 135.26 points, or 1.6%, to 8,723.78, while the Hang Seng Index dropped 3.3% to 14,874.61. China cut interest rates for the fifth time in three months. The one-year lending rate will drop by 0.27 percentage point to 5.31% and the deposit rate by the same amount to 2.25%, their lowest level in 11 years.

In Europe, stocks were down in the red after erasing much more significant losses. The FTSE 100 index of leading British shares is up 4.71 points, or 0.11%, to 4,291.64, while Germany’s DAX was 23.95 points, or 0.51%, lower at 4,672.75. The CAC-40 in France fell 29.72 points, a 0.92%, to 3,196.18.

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Foreign Markets

Asian markets rose overnight in response the Citigroup deal and the rally in the U.S. markets. Japan’s Nikkei 225 Stock Average rose 413.14, a 5.22% gain. European stocks rose for a second day as well, with the Dow Jones Stoxx 600 Index adding 1%; the FTSE 100 gained 1.3%.

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Foreign Markets

Japan’s Nikkei Index, after conformation that the country fell into a recession in the 3rd quarter, gained 0.7% after being down as much as 2.9% in the trading day. In Europe, Dow Jones Stoxx 600 Index declined 2.3% while the MSCI World Index lost 0.8%, totaling the index’s loss to 45% on the year. . Read the rest of this entry »

Foreign Markets

The global markets surged on Wall Street’s big reversal. The MSCI World Index added 1.2%; Japan’s Nikkei 225 Stock Average gained 2.7%. In Europe, the FTSE 100 index was up 3.5% while the Dow Jones Stoxx 600 Index advanced 2.2%. For the week, the index has lost almost 5%. Read the rest of this entry »

Foreign Markets

Global markets tumbled after the events on Wall Street the previous day. Nikkei 225 Stock Average dropped 5.3%, Australia’s S&P/ASX 200 Index declined 5.86%. In Europe, the FTSE 100 index of leading British shares was down 1.7%. to 4,112.29 while Germany’s DAX fell 29.76 points, or 0.6%. Read the rest of this entry »