10:00PM Frankfurt, 4:00PM New York, 8:00AM Sydney – Euro for the week fell 2% after the talks of interest rate drop in the region intensified. Financial markets recovered from earlier losses but appear to be on the edge.


European Markets

In London FTSE 100 Index closed higher 59.90 or 1.05% to 5,724.10, in Paris CAC 40 Index decreased 14.15 or 0.30% to close at 4,709.65 and in Frankfurt DAX index higher 33.56 or 0.50% to close at 6,767.28. In Zurich trading SMI increased 26.94 or 0.36% to close at 7,446.95.

North American Markets indexes

Dow Jones Industrial Average lost 64.87 or 0.53% to a close of 12,182.13, S&P 500 closed down 5.61 or 0.42% to 1,331.30, and Nasdaq Composite Index traded up 11.82 or 0.52% to a close of 2,304.85.

In Toronto TSX Composite closed up 68.51 or 0.53% to close at 12,993.88.

Of the 30 stocks in Dow Jones Industrial Average, 9 closed higher, 21 closed lower, and none were unchanged.

American Express led the decliners in the index with a fall of 2.9% followed by losses in JP Morgan of 2.7%, in Citigroup of 2.58%, and in Merck of 2.4%. Hewlett Packard led the gainers in the index with a rise of 3.5% followed by increases in Alcoa of 2.4%, in McDonald’s of 2.3%, and in Disney of 1.4%.

Of the stocks in S&P 500, 176 closed higher, 322 fell, and 2 were unchanged. Of the index stocks, 71 rose more than 3% and 13 stocks fell more than 3%.

General growth Properties led the decliners in the index with a fall of 7.9% followed by losses in DR Horton of 6.2%, in Micron Technology of 6.1%, in Allergan of 6%, and in Kimco Realty of 5.7%. Cognizant led the gainers in the index with a rise of 17% followed by gains in Marathon of 6.5%, in E*Trade of 6.4%, in Monsanto of 5.96%, and in Embarq of 5.9%.


South American Markets Indexes

In Latin Markets Colombia led the gainers in the region with a rise of 2.69% followed by increases in Peru of 2.55%, in Brazil of 0.19%, in Mexico of 0.18%, and in Chile of 0.14%.

Argentina declined 0.92%.

Asian Markets

In Tokyo Nikkei 225 Index closed lower 189.91 or 1.44% to 13,017.24, in Australia ASX 200 index increased 61.30 or 1.10% to close 5,658.00. Markets in Hong Kong were closed today.

Thailand SET index closed higher 13.27 or 1.67% to 806.44. Sensex index in India decreased 62.00 or 0.35% to 17,464.89. Markets of South Korea and Indonesia were closed today.


Bond Yields decreased on 10-year U.S. bonds to 3.65% and on 30-year bonds fell to 4.43%.