Asian markets maintain downward trend

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Source: Marketwatch
Most of Asian equities kept downward path on Thursday and closed lower as investors remained concerned about debt woe across the Europe. Hong Kong's Hang Seng Index was down 0.9%, Japan's Nikkei Stock Average fell 0.6% while Australia's S&P/ASX 200 Index dropped 0.4%. Nevertheless Shanghai Composite and South Korea's Kospi managed to recover adding 0.1% and 0.3% respectively. 
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Thu, 29 Dec 2011 08:52:14 GMT

US stocks down before Italian long term debt auction

US stock markets experienced a decline on Wednesday as investors were concerned about forthcoming Italian 10-year bond auction on Thursday. Italian 10-year borrowing costs currently are fluctuating near 7%. Dow Jones Industrial Average lost 1.1% or 139.94 points at 12,151.41. S&P 500 Index and Nasdaq Composite fell 1.3% or 15.79 and 35.22 points to 1,249.64 and 2,589.98 respectively. 

Wed, 28 Dec 2011 13:46:41 GMT

German DAX slightly up as Italian yields decline

After substantial gains on Tuesday, German benchmark DAX index was marginally up on Wednesday. At the moment of writing DAX index is 0.07% or 4.21 points up at 5,893.97. Among main decliners were German automakers BMW AG and Volkswagen AG tumbling 1.2% and 1% respectively. Financial stocks also provided negative contribution as Deutsche Bank AG gave up 2% while Commerzbank AG lost 1.6%.

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