Thursday, July 19, 2012

Asian stocks market july 20 2012

Asian stocks market july 20 2012 : Asian stocks and the euro declined amid concern Europe’s debt crisis is dragging on global growth as China pledged to keep curbs on its property market. Corn rose toward a record as a U.S. drought threatened supplies.

The
MSCI Asia Pacific Index fell 0.4 percent at 9:48 a.m. in Tokyo as Japan’s Nikkei (NKY) 225 Stock Average dropped 0.4 percent and Australia’s S&P/ASX 200 Index lost 0.4 percent. Standard & Poor’s 500 Index futures retreated 0.2 percent. The euro fell 0.2 percent against the dollar and was set for a fourth weekly drop against the yen. Corn climbed to $7.87 a bushel, 12.25 cents from a June 2008 record.

There are a number of issues with the European economy. It is pretty clearly in quite an acute contraction,

Spain’s five-year borrowing costs surged at an auction yesterday as the government pushed through spending cuts in the face of public protests. U.S. initial jobless claims were higher than estimated and measures of manufacturing activity and sales of existing homes missed estimates, reports yesterday showed. China won’t relax property control policies and will instead seek to keep a “firm grip” on the real estate market to prevent a rebound in housing prices, Xinhua News Agency said, citing a government circular.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
For the latest updates PRESS CTR + D or visit Stock Market news Today

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