European markets:
- The Dow Jones Euro Stoxx: closed at 3,293.85, down -48.63 (-1.45%)
- The FTSE 100 Index: closed at 5,435.70, down -93.90 (-1.70%)
- The CAC 40 Index: closed at 4,258.26, down -81.40 (-1.88%)
- the S&P/MIB Index: closed at 28,590.00, down -181.00 (-0.63%)
- The MSCI Asia-Pacific Index: virtually flat at 132.05 after a drop of about 0.6%. Tech stocks were the decliners, while financial stocks were the advancers
- Nikkei 225 Average: up to 13,067.21, a gain of 0.1%. Singapore's economy expanded at the slowest pace in five years while New Zealand's manufacturing industry shrunk for the third time in four months in June. Said Chua Hak Bin with Deutsche Bank Private Wealth, "We think growth will be sub-par until the end of next year and there are signs the slowdown in the U.S. is broadening." Mitsushige Akino with Ichiyoshi Investment Management in Tokyo added, "Investors have realized there's no reason to sell Japanese banks based on the U.S. credit crisis ... they've been picking up more business overseas.''
- Hang Seng Index: up to 21,821.78, a climb of 0.073%. The Hang Seng's decline since November's high of over 31,000 isn't showing any decent recovery as of late. No surprise there.
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
Black Friday expected to be strong, no promises for Christmas
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