NEW YORK (Reuters)-oil prices plunged, falling global stocks and euro shred more than 1.0 percent Thursday after the news of disappointing private sector activities in Europe and China, coupled with an increase in unemployment claims of the United States, sent a shiver through the global financial markets.
Exacerbating fears of slower growth were expected from the International Energy Agency to release 60 million barrels of oil from the strategic inventories.
"It could be a signal to their overall level of concern about slower global economy," said Omer Esiner, senior market analyst at Commonwealth Foreign Exchange in Washington.
Further diminished and European equities and debt prices of Government on both sides of the Atlantic extended gains after initial claims for State unemployment benefits rose more than expected last week.
Gold fell almost 2.0 percent to hit lowest levels in nearly and the euro hit an all-time low against the Swiss franc as anxiety for Greece and a slowing U.S. economy dampened the investors ' risk appetite and encouraged an offer for security.
The euro fell 1.3% to $ 1,451, the lowest level in about a week and also hit a new record low at 1.1873.
"The claims (jobless U.S.) just added fuel to the fire here ... you two months now stuck in this range and they just won't budge. That is certainly a disappointment, "said Frank Lesh, a futures analyst and broker at FuturePath Trading LLC in Chicago.
Compounding the worry, the private sector in the euro zone grew only modestly, and would be reduced without the support of Germany and France, while the sector of China barely extended even as inflation eased, purchasing managers ' indices (PMI) has shown.
The data comes a day after the Federal Reserve of the United States said that the pace of recovery of the United States was proceeding more slowly than it had expected, but no new aid for its economy, once the purchase programme of its link expires this month pledged.
"Bernanke's Outlook cautious (President Ben) and persistent turmoil for the American economy that could linger until the end of the year, including concerns about Greece, hit market sentiment," said David Watt, senior currency strategist at RBC Capital Markets in Toronto.
World stocks as measured by the MSCI World equity index of all countries were down 1.1 percent, leaving the index plate so far this year.
On Wall Street, the Dow Jones industrial average fell 166.76 points, or 1.38 percent, to 11, 942.91. The stock index & Poor Standard of 18.01 was down 500 points or 1.40%, to 1, 269.13. The Nasdaq Composite Index dropped 35.95 points or 1.35 percent, to 2, 633.24.
Brent crude oil Futures and United States extended losses in volatile trading after the Labor Department report showed initial claims rose 9,000 to a seasonally adjusted 429.000. Economists had expected claims to come in at 415,000.
In London, ICE Brent crude oil for August delivery fell $ 109.06 $ 5.15 per barrel. The New York Mercantile Exchange, the August contract fell $ 4.08 91.33 per barrel.
Gold spot fell from 1.99% to a minimum of 1 session, $ 518.40 per ounce. Prices later barred a little $ 1, 524.46.
Treasury of the United States cut short an early advance after the IEA announced that it would release of strategic crude reserves.
The United States Treasury note of 10-year benchmark price was up to cede 2.92% 16/32.
Bunds had already earned after signs of a slowdown in growth in the euro area has raised fears about the ability of Greece and other countries to combat the debt crisis.
Bund Futures rallied to a session high of 35 126.56, the ticks of the day, pushing yields of 10 years to 2.92%.
(Additional reporting by Steven c. Johnson and Robert Gibbons in New York; Lucia Mutikani in Washington; Jonathan cable, Kirsten Donovan and Brian Gorman in London; Written by Herbert Lash)
Tidak ada komentar:
Posting Komentar