European Factors -- Shares set for sharp declines

Thu Oct 22, 2009 1:24am EDT
 
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 LONDON, Oct 22 (Reuters) - European shares are set to open
sharply lower on Thursday, tracking a sell-off in the U.S. and Asian equity
markets, as a bigger-than-expected loss from Boeing (BA.N) hurt sentiment.
 Financial spreadbetters expected Britain's FTSE 100 .FTSE to open down 58
to 66 points, or as much as 1.3 percent lower, Germany's DAX .GDAXI to open 70
to 78 points lower, or as much as 1.3 percent, and France's CAC 40 .FCHI to
fall 50 to 57 points, or as much as 1.5 percent down.
 U.S. stocks fell on Wednesday, hurt by a late sell-off in financials after
an influential bank analyst recommended selling Wells Fargo (WFC.N) shares.
Rochdale Research analyst Richard Bove cut his rating on the stock saying loan
losses were mounting.
 The Dow Jones industrial average .DJI dropped 92.12 points, or 0.92
percent, to end at 9,949.36. The Standard & Poor's 500 Index .SPX lost 9.66
points, or 0.89 percent, to 1,081.40. The Nasdaq Composite Index .IXIC shed
12.74 points, or 0.59 percent, to 2,150.73.
 Japan's Nikkei average .N225 fell 1.1 percent on Thursday, with stocks hit
across the board after U.S. financial shares.
 The FTSEurofirst 300 .FTEU3 index of top European shares rose 0.5 percent
to close at 1,025.88 points on Wednesday, recouping almost all the loss from the
previous session, and taking it near to its highest close since Oct. 3, 2008.

  ----------------------MARKET SNAPSHOT AT  0516 GMT----------------------  
                                  LAST        PCT CHG        NET CHG 
 S&P 500                  .SPX  1,081.40       -0.89 %          -9.66 
 NIKKEI                  .N225 10,227.24       -1.03 %        -106.15 
 MSCI ASIA EX-JP .MIASJ0000PUS    465.76       -1.35 %          -6.35 
 EUR/USD                  EUR=    1.4999        0.00 %         0.0000 
 USD/JPY                  JPY=     91.12        0.13 %         0.1200 
 10-YR US TSY YLD    US10YT=RR     3.393          --             0.00 
 10-YR BUND YLD      EU10YT=RR     3.313          --            -0.01 
 SPOT GOLD                XAU= $1,058.20       -0.01 %         -$0.15 
 US CRUDE                 CLc1    $81.02       -0.43 %          -0.35 
 * GLOBAL MARKETS-Asia shares slip, China data fails to help  [ID:nLM395113]
 * US STOCKS-Wall St see late sell-off, financials fall       [ID:nN21349623]
 * Nikkei slides broadly, JAL rising streak snapped           [ID:nT247894]
 * FOREX-Dollar up as China data offers no upside surprise    [ID:nT239008]
 * TREASURIES-Prices fall, worry monetary stimulus will wane  [ID:nN21580447]
 * Oil falls 0.5 pct; around $81/bbl as dollar gains          [ID:nSP448578]
 * Gold flat near $1,060/oz, weaker dollar supports           [ID:nT257371]
 * METALS-Shanghai copper hits 2-month high on LME gains      [ID:nMAN418613]
    (Reporting by Atul Prakash; editing by John Stonestreet)

 

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