Markets have also been rocked by natural disasters, trading scandals, and sharp fluctuations in commodity prices, particularly in the price of oil amid the political turmoil in the Arab world.
In Europe, the trading backdrop has been particularly grim, with many of the main markets posting their worst year since 2008. That’s perhaps unsurprising given that most of the financial world’s attention has centred on the debt crisis, which has already seen three relatively small countries bailed out and is threatening a much-bigger country − Italy.
Asian markets have already closed out the year and most markets had a year to forget. Japan’s Nikkei 225 index, after three straight days of losses, managed to eke out a 0.4 per cent rise on Friday to end the year at 8,429.45. However, that was its lowest closing since 1982.
Meanwhile, China’s benchmark gained 1.2 per cent to close at 2,199.42 − still, a 21 per cent loss for the year as the impact of Beijing’s multibillion-dollar stimulus faded and the government tightened curbs on lending and investment to cool blistering economic growth.
Elsewhere in Asia, Hong Kong’s Hang Seng Index gained 0.2 per cent to close at 18,434.39 − a precipitous slide of 19.7 per cent from a year ago. Singapore’s Straits Times Index closed down one per cent at 2,646.35 − a 17.5 per cent dive.
Australia’s benchmark S&P ASX 200 ended the year at 4,140.4 − down 0.4 per cent on the day and 14.5 per cent lower for 2011. A day earlier, South Korea’s benchmark Kospi closed at 1,825.74 on Thursday − 11 per cent down on its last trading session of the year on Thursday.
market outlook Tuesday 3rd of January 2012
Great Britain Manufacturing PMI: In the recent report regarding November the manufacturing index of GB also declined to 47.6% a 0.2 percent point decrease compared with October’s index; this figure means that the UK manufacturing sectors continued to contract in recent months
U.S. ISM Manufacturing PMI: This report will present the monthly change in manufacturing sector on a national level for December 2011. During November the index sharply rose to 52.7% a 1.9 percent point increase compared to October’s index; this index might affect forex, crude oil and natural gas markets
FOMC Meeting Minutes: Following the recent FOMC meeting, in which it was decided to keep the interest rates low and didn’t present a news stimulus plan, the market soon reacted to this news as gold and silver prices sharply declined. The minutes of the FOMC meeting might bring some insight regarding the next steps of the FOMC in 2012 For the latest updates on the stock market, visit Stock Market Today
Asian stock market jan 3 2012, us. stock market january 3 2012, Asian markets january 3 2012, Australia stock market january 3 2012, Europe stock market januaty 3 2012, market outlook 1-3-2012, stock futures jan 3 2012, US economy jan 3 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today
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