Japanese shares dropped on US fiscal cliff, mixed China's numbers

Source: Dukascopy Bank SA
© Scanpix/AFP
Japanese shares fell on Friday amid US fiscal worries and mixed China's numbers. China's CPI unexpectedly dropped, while industrial production rose more-than-expected last month. On-going worries over indebted eurozone also weighted down on the Japan's stocks. The Nikkei 225 Index slid 0.90% to end the week at 8,757.60. All sectors within the index tumbled. On the upside, Nippon Telegraph and Telephone rose 4.20% after announcing its midterm management plan. At the same time, the top-losers were utility and technology sectors. Shares of Chubu Electric Power, Kansai Electric Power and Osaka Gas plummeted 1.81%, 2.52% and 1.52%, respectively. Among technology firms, Canon and FUJIFILM Holdings dipped 0.80% and 0.86%. Meanwhile, Toyota Motor edged down 0.48% despite unveiling plans to sharply increase production in Thailand. Nippon Steel & Sumitomo Metal lost 1.95% after the company reported disappointing performance in the first half ended September.


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Fri, 09 Nov 2012 14:01:26 GMT

European equity futures stay little changed

Futures on European stocks were slightly changed, as Stoxx Europe 600 Index touched its lowest level in November on reported earnings by European companies, including French industrial company Lafarge SA and luxury-goods company Cie. Financiere Richemont SA. Contracts on the Euro Stoxx 50 Index futures advanced less than 0.1% to 2,482, whereas FTSE 100 Index futures slid about 0.1%.

Fri, 09 Nov 2012 13:39:25 GMT

Dow pared losses after positive US data

US blue chips plunged further on Thursday amid on-going concerns over the US budget clashes. A leadership change in China coupled with recent growth forecast cuts in the eurozone also weighed on the market sentiment. However, Dow pared losses after encouraging data from the national economy. The Dow Jones Industrial Average Index lost 0.94% to close at 12,811.32. All but

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