MarketMagnify provides you Trading tips about the Indian Mcx Commodity markets with intense analysis done by our Team of Analysts.we are providing Mcx Tips,Bullion Trading Tips, Bullion Tips,Mcx Commodity Tips,Best Commodity Tips,Accurate Mcx Tips For Today to our clients through various methods.For 2 Days Free Mcx Commodity Market Tips or Bullion Tips call at 0731-475-9300
Asian shares slid on Friday, spawning declines in other risk assets, as deepening political turmoil in the euro zone fuelled concerns about global growth and a huge loss from JPMorgan added to jittery sentiment.
U.S. stocks fell for a second straight week, driving the Dow Jones Industrial Average to the biggest loss of 2012.
The Dow slipped 217.67 points, or 1.7 percent, to 12,820.60 for its biggest weekly decline of the year.The S&P 500 fell 1.2 percent to 1,353.39, the lowest level in two months. The index dropped 3.6 percent over two weeks, trimming its 2012 gain to 7.6 percent.
Asian shares retreated on Friday, spooked by JPMorgan’s $2 billion huge loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await Chinese data for clues on its growth outlook.
U.S. stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred “significant mark-to-market losses” that it said could “easily get worse.”
U.S. Treasury debt prices dropped on Thursday as stronger-than-expected U.S. jobless claims data and a pause in the steady stream of worrying news from Europe helped ease appetite for safe-haven government debt.
The sale of 30-year bonds notched a high yield of 3.090 percent, slightly below the yield in the when-issued market before the auction. The when-issue market is considered a proxy for where the high yield will come in at auction.
The Nikkei share average steadied on Friday ahead of industrial output data from China, Japan’s largest export market, though investors zoomed in on companies such as Nikon Corp and Hitachi Corp which have reported positive earnings.
The Nikkei was flat at 9,008.10, holding below its 200-day moving average near 9,049.