Las acciones en el Asia bajan, el dolar sube frente al euro
El MSCI caia 1.2% a las 9:20 a.m. en Tokyo. Los futures del S&P 500 caian 0.4%. El dolar subia 0-.4% frente el uero a 1.4151. El petroleo caia 0.7% a $85.88, el oro subia 0.5%.
Asian Stocks Drop, Dollar Climbs Versus Euro
By Shiyin Chen and Monami Yui - Sep 4, 2011 8:23 PM ET .
Asian Stocks Drop for Second Day Scott Eells/Bloomberg
Asian stocks fell for a second day while the Dollar Index headed for its longest winning streak in eight months after U.S. job growth stalled last month and discord over Europe’s sovereign-debt crisis worsened.
The MSCI Asia Pacific Index sank 1.2 percent as of 9:20 a.m. in Tokyo. Futures on the Standard & Poor’s 500 Index slid 0.4 percent, after the gauge’s 2.5 percent drop on Sept. 2 in the U.S., where markets are closed today for a holiday. The dollar climbed 0.4 percent to $1.4151 against the euro. Oil retreated 0.7 percent to $85.88 a barrel in New York. Gold for immediate delivery climbed as much as 0.5 percent.
The Labor Department said on Sept. 2 that payrolls were unchanged last month, while a report tomorrow will probably show that the U.S. service industries expanded at the slowest pace in more than a year, adding to signs the nation’s recovery is faltering. An election loss for German Chancellor Angela Merkel’s party in her home state added to concern opposition is growing to bailouts for debt-saddled European nations.
“The U.S. economy is sluggish, the European debt concern is not going away in a hurry, so market sentiment is not going to improve for a very long time,” said Alex Sinton, a senior dealer at ANZ National Bank Ltd. in Auckland, New Zealand. “This week is certainly a risk-off scenario.”
More than six shares decreased for every one that climbed on MSCI’s Asia Pacific Index. Japan’s Nikkei 225 Stock Average fell 1.4 percent, South Korea’s Kospi Index slipped 2.1 percent, while Australia’s S&P/ASX 200 Index retreated 1.6 percent.
Payrolls
The S&P 500 slumped 2.5 percent on Sept. 2, dragging the gauge to a 0.2 percent weekly loss, after the Labor Department reported the weakest payrolls reading since September 2010. The median economist forecast was for growth of 68,000. Treasury 10- year notes surged after the report, sending yields 14 basis points lower to 1.99 percent. There will be no trading of Treasuries for the Labor Day holiday today.
The Dollar Index rose 0.3 percent, set for its first five- day winning streak since Jan. 7. The euro weakened for a fifth day against both the dollar and yen. European sovereign-debt risk climbed to a record last week amid bickering over Greece’s bailout.
The world economy is entering a “new danger zone” amid Europe’s debt difficulties, World Bank President Robert Zoellick said in Beijing on Sept. 3.
To contact the reporters on this story: Shiyin Chen in Singapore at
schen37@bloomberg.net; Monami Yui in Tokyo at
myui1@bloomberg.net To contact the editor responsible for this story: Nick Gentle