Global Markets Snapshot for Monday Morning: US markets post first weekly loss since the start of the month despite good results, economic news. Dow Jones end down 109 points at 9972, NASDAQ down 10.8 points at 2154.5, S&P500 down 13.3 points at 1079.6.
Global Markets Snapshot for Monday Morning: US markets post first weekly loss since the start of the month despite good results, economic news. Dow Jones end down 109 points at 9972, NASDAQ down 10.8 points at 2154.5, S&P500 down 13.3 points at 1079.6. For the week, Dow slipped 0.2%, S&P 500 fell 0.7% and NASDAQ dipped 0.1%. Dollar Index up 0.5%, CRB Commodity Index fell 0.8%.
US Declining Sectors: Materials (-2.1%), Energy (-2%), Utilities (-1.7%)
Asian companies gain post South Korea’s GDP nos: Taiwan, Kospi up over 1%, Nikkei up 1%, Shanghai, Straits Times trade flat.
Europe: CAC down 0.33%, DAX down 0.39%, FTSE up 0.68%. CBOE VIX ends up 7.6% at 22.27. Sensex was worst performing Index last week globally.
Global News: South Korea 3Q GDP up 2.9% Vs 2.6% in Q2, fastest in 7-½ years and a third consecutive quarterly gain. Hardy Oil finally ended down 41.4% on Friday. Indian Related cos: Caraco Pharma down 6.7%, Guj NRE Mineral down 8.2%, Aditya Birla Minerals down 10.8%.
US News: US existing home sales data for Sep at 5.57 m from 5.09 m; against estimate of 5.35 m. Microsoft gained 5.4%, Amazon surged 26.8% on better than expected results. Capmark Financial, the lender owned by Goldman Sachs & KKR, filed for bankruptcy protection on Oct. 25 after posting 2Q loss of about $ 1.6 bn. Capmark is one of the largest U.S. commercial real estate finance cos, with cons debt of $ 21 bn & cons assets of $ 20.1 bn as of June 30.
Commodities: CRB Commodity Index fell 0.8%. Nymex Crude declines 1% at $ 80/bbl; profit taking after 4 week of gains. Gold down 0.6% on Friday, up 0.5% for week.
Currencies: Dollar Index up 0.5%. Dollar gains 0.15% Vs Euro at 1.5. Yen depreciates 45 bps Vs USD at 92. Pound depreciates 2% Vs USD.
Data To watch
Results: Hansen Transmissions, Merck KGaA
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