US equities slumped amid QE3 uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US stocks plunged on Thursday as hopes for QE3 started to fade amid positive economic data from the US.  Flash US PMI rose more than expected in August while new home sales beat forecasts in July. Moreover, upcoming meetings between EU officials regarding anti-crisis measures increased cautiousness among market participants. The S&P 500 Index tumbled 0.81% to end the session at 1,402.08. All industries within the index sank. The biggest losses posted basic materials and utility companies. Ball Corp, FMC Corp and Owens-Illinois dropped by 1.38%, 2.01% and 1.13%, respectively. Among utilities, Ameren, CMS Energy and Dominion Resources Inc slid 0.96%, 1.43% and 0.88%, respectively. At the same time, Big Lots, US retailer, created the heaviest pressure on the S&P 500, slumping by 20.80%. The company reported weak quarterly results and cut its full-year profit target.

 

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Fri, 24 Aug 2012 12:36:56 GMT

Aussie falls on mining concern

Aussie declined to a month low as the RBA Governor Glenn Stevens mentioned the currency would most likely decline if the nation's mining boom was to faint. Australia's Dollar dropped 0.5% to $1.0392, after reaching $1.0388, the least since July 27. It fell to NZ$1.2819, the lowest since July 12. The Kiwi slipped 0.3% to 81.02 U.S. cents.

Fri, 24 Aug 2012 10:30:57 GMT

Corn sank as US crop may be better than expected

Farm commodities tumbled on Thursday despite weaker US Dollar. Market participants awaited data from Pro Famer Midwest Crop Tour and USDA export sales report due on Friday. Wheat dropped ahead of the key crop reports due on Friday. Limiting the downswing, SovEcon cut its forecast for Russia's crops to 39 million tonnes. Corn plunged the most in more than two months

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