InfoAnda - Global stocks mixed as post-US rate cut euphoria falters

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

World powers welcome Obama's talk offer to Iran | 5 February 2009
Balls, blocks, cars among high-tech toys at CES | 10 January 2011
9 researchers receive S$2m in funding to help commercialise new ideas | 26 December 2008

Apple tightens the screws on iPhone 4: sources | 21 January 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : Global stocks mixed as post-US rate cut euphoria falters

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Global stocks mixed as post-US rate cut euphoria falters AFP - Thursday, December 18 LONDON (AFP) - - Global stock markets were mixed on Wednesday as investors gave a cautious welcome to a steep overnight cut in US interest rates and a sharp fall in oil prices. Wall Street had soared on Tuesday, sparking some modest gains in Asian trade on Wednesday, as investors applauded a Federal Reserve decision to cut its key rate to near zero and its pledge of more steps to revive economic activity. "A wave of cheer swept across Wall Street last night as the Fed sought to impress with an aggressive 75 basis point rate cut, reducing headline borrowing costs in the US to just 0.25 percent, but the upside has already proved to be short lived," said CMC Markets dealer Jimmy Yates. In Europe, London's FTSE 100 index closed up 0.35 percent at 4,324.19 points but in Paris the CAC 40 ended 0.30 percent lower at 3,241.92 points, while the Frankfurt Dax shed 0.46 percent to close at 4,708.38 points. European investors fretted over news that eurozone inflation tumbled to a 14-month low of 2.1 percent in November, with Frankfurt shares down 0.49 percent. Howard Archer, an economist at the IHS Global Insight research consultancy, said that "a brief period of deflation certainly cannot be ruled out." London eked out its small gain as the pound fell to a record low against the euro, which should help British exporters by making their products cheaper in the eurozone. But there was gloomy news that the number of people claiming jobless benefits in Britain leapt in November by the biggest monthly amount for more than 17 years. In Paris, the share price of BNP Paribas slumped 17.24 percent to 34 euros after the group revealed that its market trading activities had lost 710 million euros (1.0 billion dollars) in the first 11 months of the year. US stocks pulled back Wednesday as investors refocused on severe economic problems a day after the huge rally driven by the Federal Reserve interest rate cut. The Dow Jones Industrial Average pared earlier losses and was trading down 0.94 percent at 8,839.95 around 1652 GMT. The tech-rich Nasdaq fell 1.03 percent to 1,573.55 and the Standard & Poor's 500 broad-market index retreated 1.02 percent to 903.91. Stocks slid lower "as worries about the economy return and replace the euphoria that followed the Fed's rate decision and statement that it will use all available means to support growth," Charles Schwab & Co. analysts said. Among stocks in focus, embattled banking giant Morgan Stanley dropped 1.24 percent to 15.93 after posting a 2.29 billion dollar net loss in its fiscal fourth quarter, far wider than market expectations. In Asia on Wednesday, Tokyo won 0.52 percent, capping a rocky day after the drastic cut in US interest rates and a sharp spike in the yen. The market opened higher, tracking overnight US gains, but the rate cut sent the dollar plunging to a 13-year low against the yen, raising concerns in Japan that the country's exports will become less competitive. Hong Kong share prices jumped 2.2 percent, supported by gains of property stocks after the big US rate cut, dealers said. The Sydney market picked up 0.7 percent and Shanghai added 0.09 percent, while Singapore closed on a stable note. On the upside for the global economy, oil prices plunged as traders shrugged off a record OPEC output cut to focus on rising US energy reserves, analysts said. In afternoon trade on the New York Mercantile Exchange (NYMEX), light sweet crude for delivery in January plunged as low as 40.20 dollars a barrel -- which was the lowest level since July 2004. In later trade, London Brent oil stood at 46.64 dollars per barrel, down one cent from Tuesday's close. New York crude was 2.08 dollars lower at 41.50. OPEC ministers meeting in Oran, Algeria, approved a record output cut of 2.2 million barrels of oil a day on Wednesday. On Tuesday, the Fed reduced the target fed-funds rate from one percent to a range of zero to 0.25 percent -- the lowest since it began publishing the target in 1990 -- and said rates would be kept "exceptionally low" for now. The Fed's decision, aimed at reviving the world's biggest economy, sent US shares surging, with the Dow Jones Industrial Average jumping 4.2 percent and the Nasdaq adding 5.4 percent. Wall Street reopens Wednesday at 1430 GMT. But analysts said the aggressive move highlighted deep troubles in the United States and raised concerns about severe deflation if the rate cut fails to kick-start consumer spending. "Such 'whatever it takes' policy underlines the dire economic situation in the US," said analysts at Calyon, the investment banking arm of Credit Agricole. -- Dow Jones Newswires contributed to this report -- Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business India cbank offers 563.70 bln rupees at special repoReuters - 15 minutes ago Bosch to temporarily suspend ops at Bangalore plantReuters - 16 minutes ago Australia's AGL sells Papua LNG stake to Nippon OilReuters - 20 minutes ago China's Lenovo says will not acquire Positivo - XinhuaReuters - 24 minutes ago Qantas says British Airways merger talks end =2Reuters - 25 minutes ago Enlarge Photo Global stocks mixed as post-US rate cut euphoria falters Most Popular – Business Viewed 'Dark energy' expands, contracts universe: researchers Bush laughs off Iraq flying shoes drama Actress Jennifer Aniston appears naked in GQ magazine OPEC agrees to record cut in oil output: Saudi minister Fed cuts rate to virtually zero, will expand stimulus moves View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Thursday, 18 December 2008
Taiwan district court ordered to reconsider ex-leader's release
Japan stocks rise but yen worries limit gains
UBS targets 20-plus pct growth in Taiwan in '09
Lindsay Lohan fan arrested at Scottsdale nightclub
Angola president signs agreements with China
Pakistan pressures India over Mumbai evidence
Indian parliament agrees tough new anti-terror laws
EU assembly awards prize in absentia to Chinese dissident
UN chief in Afghanistan: Protect civilians
Austrian AC/DC concert sells out in minutes
No charges in alleged thefts from Beckham house
SKorean actress found guilty of adultery
Britain's Christmas pantomimes laugh off credit crunch
Fewer drink drivers arrested this year, but more fatal accidents
Iraqi parliament in turmoil over shoe tosser
cuts user data storage time to 90 days
As going gets tougher, Americans discover laughter
With Olympics over, China re-blocks some Web sites
Soulja Boy apologizes for his potty mouth
EU parliament prevents screening of anti-Islam film
'Canadian Idol' canceled in 2009
700,000 Swedes involved in Internet file sharing: study
Honda sets up hybrid battery venture despite slump
Christmas travel in US set to post first drop in six years
NKorean dance troupe takes Vietnam stage
Indian jewellers seek help to regain lost lustre
France on terror alert for hectic Christmas period
Joint operation between CNB and M’sia counterpart leads to 17 arrests
Slowdown leaves mark on mink market as sales tumble
NKorean dance troupe takes Vietnam stage
Pakistan demands India provide Mumbai evidence
Microsoft releases emergency patch for IE
Navy commander questions land attacks on pirates
US hard drive maker to cut 2,500 jobs
Army says Gaza militants fire 9 rockets at Israel
Winnie-the-Pooh drawings fetch 1.26-mln-pounds at auction
Hip-hop's Akon admits throwing fan off stage
Simon Cowell's got Beyonce, Britney on his mind
Darwin Claus comes to town in US artist's atheist cards
Aretha Franklin, Yo-Yo Ma to perform at Obama inauguration
Palestinian killed after rocket fire raises concern over Gaza truce
U.S. Somalia peacekeeping idea hits resistance at U.N | International |
Israel issues new warning on Iranian nuclear arms
Nicaragua's Ortega begins Moscow visit
Apple shares down after Jobs pulls out of MacWorld
Afghan police must fight crime, not Taliban: ICG | International |
Bethlehem mayor: Pope to visit in May
EU parliament approves climate change package
Chrysler halts manufacturing as clock ticks on gov't bailout
Venture capitalists brace for grim 2009
U.N. court to rule on Rwanda genocide planners | International |
Dollar dives to 13-year low against yen after Fed cut
Doctors hail first US face transplant
Indonesia's corruption-busters take on the tomcats | International |
NBC's 'Superstars of Dance': a global competition
UN chief calls 2009 'year of climate change'
WITNESS: A stroll through the factory of death in India's Bhopal | International |
Algerian jailed for 3 years for fighting in Iraq
Madoff due in court for Wall Street fraud
Banker's spat with author reveals Russia's rifts | International |
Global markets mixed after steep US interest rate cut
Turkey detains 15 suspected al Qaeda members | International |
Latin America leaders demand US end Cuba embargo
NKorea's Kim inspects steel plant, agency says
Top US Mideast diplomat quits
Australia's PM visits troops in Afghanistan
Ban calls on Zimbabwe to receive his envoy | International |
US drug package to help Mexico find fake passports
S.Korea c.bank to lend banks $4 bln via Fed line
No proof of Pakistan link to Mumbai attacks: Zardari
UN chief calls 2009 'year of climate change'
Nissan to cut production, temporary workers
Australian PM pays surprise visit to Afghanistan
IG report says Blackwater may lose license in Iraq
EU parliament approves climate change package
Seoul shares open up as techs, airlines advance
Moderate earthquakes shake New Zealand
US official: Russians intend to test Obama on arms
Goldman Sachs agrees to Panasonic's Sanyo offer: report
US court orders curfew, electronic tag for Madoff
NZ fiscal, economic outlook much worse
Madoff's New York court hearing cancelled
Russia to deploy new missiles by 2020: military
Honda slashes forecasts as auto turmoil deepens
Crude prices tumble despite record OPEC cuts
Troubled automaker GM opens new plant in China
Venezuela to cut oil output by 189,000 barrels
Philippines and Qatar to set up billion-dollar investment fund
Oil tumbles below $40 for first time since 2004
Indian IT firm Satyam cancels Maytas acquisition
Meltdown 101: Why OPEC moves aren't hitting prices
Oil tumbles despite huge OPEC production cuts
Small Azerbaijan floats massive oil output cuts
OPEC cuts record 2.2. million barrels a day
OPEC backs output cut of 2.2mln barrels a day: president
WRAPUP 2-Azerbaijan, not Russia, offers OPEC oil cut
Heavy-metal headbangers are twixt rock and a neck brace
Jim Carrey wants laughter to lift economic gloom
Latin leaders joke about Bush shoe attack | International |
U.S. cell-only households keep climbing | Technology |
Medicare to pay doctors to embrace e-prescribing | Technology |
Portable devices give cloud new clout | Technology |
Father offers daughter to shoe-thrower | Technology |
Jobs won't deliver Macworld keynote | Technology |
ESPN launches sleeker site in bid to boost ads | Technology |
Man arrested for grabbing Lindsay Lohan | Entertainment |
Rowling charity book fastest selling title of 2008 | Entertainment |
Will Smith flexes acting muscle in Seven Pounds | Entertainment |
Obama is Time Person of the Year; who are runners-up? | Entertainment |
Jim Carrey says Yes to comedy again | Entertainment |
Taylor Swift flies high on chart as sales slide | Entertainment |
Affleck, Jagger release film for Congo appeal | Entertainment |
NZ repeals ban on carbon-fueled power plants
UN chief in Afghanistan: Protect civilians
Cops: McCready hospitalized after suicide attempt
Global stocks mixed as post-US rate cut euphoria falters
New PM vows to fix "failed" Thai politics
2 light planes collide in Australia; 2 dead
Five troops, separatists killed in Philippine clashes
Getty endowment drops by 25 percent
Two killed after planes collide in Sydney
Kerry: US must win hearts, too, in Afghanistan
35 Iraqi officials arrested over coup plot: report | International |
Latin America leaders tell Obama to end Cuba embargo | International |
Chrysler wants to revive merger talks with GM: report
China's President Hu urges growth and stability | International |
U.S. Somalia peacekeeping idea hits resistance at UN | International |
2 bomb blasts hit south Philippine city, killing 2
Sri Lanka claims capture of rebel fortifications
New Thai PM launches charm offensive
Hu Jintao pledges open China amid 30-year celebration
30 years transform China, but not its politics
AVA lifts suspension on import of China milk products
Tata signs sponsorship deal with Ferrari
Nepal faces severe power cuts
OPEC cut fails to rally oil, demand remains weak in global downturn
NKorea warns of tougher steps at Seoul-funded estate: reports
FACTBOX-A look at South Korea's bank recapitalisation fund
New Thai premier says he will visit Thaksin stronghold
Dominant All Blacks rebound from rugby World Cup nightmare
Paul McCartney, Britney Spears top Idol wish list | Entertainment |
SKorea to create 15 bln dlr fund to bolster banks
RPT-TOPWRAP 1-Japan seen cutting rates, OPEC cuts don't lift oil
Sri Lanka says Tiger defences captured
Monroe photo, Newton photo set records in New York | Entertainment |
New Thai premier urges Thaksin to return
OPEC cut fails to rally oil, demand remains weak in global downturn
Study: Young people watch less TV | Entertainment |
SKorea's Hynix plans to cut output by up to 30 percent
OPEC agrees to slash output but oil price sinks
Australian miner's shares climb after bailout news
Berlin's kiddie sidebar features drugs, hookers | Entertainment |
Hugh Hefner's sons say Playboy needs new direction | Entertainment |
Long-lost World Series game perfect start for MLB | Entertainment |
New Zealand turning possum pest into luxury business
You're invited to the Hiltons' Christmas party
Film workers protest against strike at SAG meeting
From opera to pop, live arts test new business model on screen
Migratory birds face peril in Lebanon sanctuary
Spanish stuff 'Fat One' Christmas lottery, despite slowdown
Fox TV producers asked to trim budgets 2 percent
Afghans from north and south fight it out with dogs
New Zealand turning possum pest into luxury business
Montag, Pratt nuptials questioned
Israel's ruling party selects election candidates
British folk musician Davy Graham dies
India halts sport tour to Pakistan
Iraq arrests dozens over coup plot: officials
Rwanda's Bagosora sentenced to life for genocide | International |
Israel's ruling party holds national primary
Britain to pull troops from Iraq from May 31 latest | International |
Zimbabwe cholera death toll passes 1,000: UN
India seeks to soothe public with new terror law | International |
Iraqi officials arrested for plotting coup: report
NATO and Russia to resume high-level contacts Friday | International |
Iraq PM office says shoe-thrower apologizes | International |
Livni moderates dominate party's election list | International |
Madoff under house arrest as fraud probe intensifies
Thomson Medical, oncologist to set up Thomson Women’s Cancer Centre
Death toll tops 1,100 from Zimbabwe cholera | International |
Taiwanese party chief to meet Chinese counterpart
U.S. cell-only households keep climbing | Technology |
Falling oil prices may cushion recession blows
Japan, Australia sign cooperation pact
LinkedIn founder Hoffman replaces Nye as CEO: report | Technology |
China cuts fuel price, raises tax
China protest decries custom of eating cats
Pakistan stocks fall to over 3-year low, rupee flat
Lenovo says will not buy Positivo now | Technology |
About 300 teens audition to host, commentate at Youth Olympic Games
Pakistan's foreign reserves rise to $9.34 bln
White, Phelps spin Olympic gold into videogames | Technology |
Visits to jailed China activist curbed after award
World Bank's Zoellick warns Asia of protectionism
Chinese housing activist sentenced to 2 years
Asia investors watch for rate cut, nudging up stocks
Two dead, 36 hurt in Philippines store bombings
Kazakh KazMunaiGas may cut 2009 oil output
HK stocks up amid China stimulus hopes
Ericsson says wins broadband order in Nigeria | Technology |
NTU to set up first Kauffman Campus in Asia to boost entrepreneurship
Oil hovers near 4 1/2-year low despite OPEC cut
Sharp fined for fixing display panel prices
Russian oil output will decline as demand falls
WRAPUP 2-S.Korea to set up bank recapitalisation fund
Man arrested for grabbing Lindsay Lohan | Entertainment |
OPEC cut fails to rally oil price in global downturn
Taiwan dlr at 2-mth peak on near-zero U.S. rates
LUKOIL CEO sees $70-90 as fair oil price
Piven leaves Speed-the-Plow, blames mercury count | Entertainment |
Neil Young unleashes raw power at New York show | Entertainment |
Morrissey signs U.S. deal with roots label | Entertainment |
Bollywood planning movies about Mumbai attacks
NAACP report find TV networks lagging in diversity
Death of Mark Ruffalo's brother ruled a homicide
Little Nyonya wants you to judge her!
73% of students who sat for Normal (Academic) exam eligible for Sec 5
Man Utd overpower Gamba in 5-3 classic
Legal limbo for Mumbai attacker could be unlawful: rights group
SKorea plans to help banks boost capital
Japanese shares rise on rate cut speculation
Zurich Intl re-enters Taiwan's insurance market
China shares rise on moves to boost real estate
SKorea's POSCO plans first-ever output cut
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01