Bruised stocks sag before U.S. earnings start
Three days of selling, the global stock market slowdown on Tuesday as investors settle in place for the earnings and revenue in China began to join the signs of recovery in demand from emerging markets.
European stocks and bonds are a drag on for caution, is located in Ukraine the situation again tense, and signed by the European central bank may not be so eager to start a massive stimulus as his wish.
After some initial resistance, the region's major stock markets play a calm and leave London, the ftse, Paris. FCHI and Frankfurt. GDAXI recent performance by 1% and the best Spanish. IBEX and Portuguese. 's psi 20 index fell more than 2%.
The eurozone bond yields, the cost of borrowing for the government agency, rose > < GVD (gnu visual debugger)/EUR. The euro strengthened to the highest for nearly a week.
"The QE (quantitative easing) the focus of the conversation is still very in Europe," young von Gerich physician, in Helsinki nordbanken bank main developed market strategist said. "The European central bank tempered expectations clearly, I think the news also helps to soft rib" in Ukraine.
Earlier, Asian stocks managed to get rid of considerable damage to Wall Street on the third day of the dark. Chinese stocks. The csi 300 index, especially those Banks, rose to stimulate hope, and to help take the benchmark MSCI emerging markets index. Have the highest since the middle of December.
Emerging markets rebounded sharply in the past two weeks. Investors seem to have been largely put aside the geopolitical concerns, slow down the economic stimulus and China's economy is stuttering has contributed a tumultuous start.
However, Japan's nikkei index. On the N225 down by global technology stocks fell 1.4%. The yen also rose, with the bank of Japan to keep stable policy on Tuesday and provide some advice more stimulus is likely in the short term.
Ukraine strains
The latest reshuffle comes as Wall Street investors for the first quarter earnings season, after the start, when resources giant Alcoa to prepare report the results. < RESF/US >
Of the three major U.S. stock index - the standard & poor's 500 index, the dow Jones industrial average index and the high-tech as the key point of the nasdaq - when the deal is expected to recover, the road to see small rebound.
Rising tensions in Ukraine also hone investor risk appetite. , police detained 70 people in the east of administrative building for the night, but the protesters held a pro-moscow deadlock in the other two cities, what alleged Russian domination plan in Kiev, to split the country.
Against the yen, the dollar fell about 0.5% to 102.56 yen, solid 2 1/2 - month high of 104.13 yen it reached last Friday.
Knocked the euro against the dollar is falling, down about 0.4% to 141.15 yen. But cooling qe talk pushed up against the dollar at 1.3769, from $1.3672 on Friday, five weeks lows.
After the European central bank policy makers expect, caused their policy meeting last week, some of the more conservative members of the proposal on Monday bank is not ready to start that kind of large-scale asset purchases, in the United States, Japan and Britain. [ID: nL6N0MZ42G]
"Quantitative easing is absolute, the European central bank have been discussing, but we still think the bar - to buy government bonds is still a very, very high, said:" foreign exchange strategy Gkionakis, global head of Italy's unicredit bank in London.
Gold, oil enterprises
The world's financial power is set to gather in the international monetary fund spring meetings this week. Washington engaged in some contest before the meeting with China and warned Beijing that China's recent currency devaluation could trigger "serious concern".
Most of the focus on mobile in Russia to Ukraine. They are met with the threat from western strong sanctions, despite Russia's stock market and the rouble seems to be indifferent to a great extent on Tuesday.
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In the commodity market, safe-haven gold price about two weeks, year-on-year growth of around 1.2%, the day the lowest price $1311.45.
U.S. crude oil futures rose about 0.9% to $101.35 a barrel in May, higher nervous Ukraine again, one of the main supply routes of Russian gas to Europe. But rising up in U.S. crude oil inventories have been established. < O/R >
Brent rose 0.5%, to $106.35 a barrel.
