Franc Reverses The franc erased earlier losses versus the euro, rallying 2.5 percent to a record after U.S. markets closed, and reversed its decline versus the dollar. The Swiss National Bank unexpectedly cut
interest rates to zero yesterday and injected francs into money markets to curb what it called the “massively overvalued” currency.
The Japanese intervention weakened the yen during the day to a level against the dollar not seen since July 12, whereas the franc failed to depreciate yesterday to as little as the previous day’s low against the euro following the SNB action.
“The market, in its own wisdom, is putting out some stuff that’s going to help us,”
James Paulsen, chief investment strategist at Minneapolis-based Wells Capital Management. “It’s dropping mortgage rates. It’s dropping energy prices, and finally in recent weeks the M2 money supply has just exploded to the upside. All of which are things that could help maybe stabilize the economy here in the second half.”
Eisenhower Era The 10-year U.S. Treasury yield sank 22 basis points to 2.40 percent, the lowest since October, and 30-year rates plunged 23 basis points to 3.67 percent.
Treasury bond yields are sinking to levels seen in the 1950s on concern the two-year recovery in the world’s largest economy is stalling. Yields on benchmark 10-year U.S. notes are more than 4 percentage points below the average over the past 49 years and almost where they were when President Dwight D. Eisenhower began his administration in 1953. The rate, which dropped to as low as 2.40 percent today in New York, reached a record low of 2.04 percent in December 2008 during the global financial crisis.
Dollar, Commodities The Dollar Index, which tracks the U.S. currency against those of six trading partners, jumped 1.7 percent. The stronger dollar weighed on commodities denominated in the U.S. currency, dragging silver and gasoline down more than 6 percent.
The pound was 1 percent weaker against the dollar after the
Bank of England kept its key rate at a record low of 0.5 percent as predicted by all 55 economists surveyed by Bloomberg.
The Stoxx Europe 600 Index sank 3.5 percent to the lowest level since July 2010. Inmarsat Plc lost 19 percent in
London as the biggest provider of satellite services to the maritime industry cut forecasts for its main mobile-satellite services.
The
Swiss Market Index (SMI) of 20 of the nation’s largest stocks tumbled 3.6 percent and extended its decline from a February high to 21 percent, entering a bear market. The MSCI Emerging Markets Index sank 3 percent as its loss since May swelled to more than 11 percent, or a so-called correction. Brazil’s Bovespa sank 5.6 percent to a two-year low.
The Turkish lira dropped 2.6 percent to 57.514 U.S. cents after the central bank reduced the benchmark interest rate to a record low of 5.75 percent to shield the economy from the impact of the European debt crisis and slowing growth in the U.S.
In Asian equity markets, South Korea’s
Kospi Index (KOSPI) tumbled 2.3 percent, completing its biggest three-day sell-off since November 2008. LG Chem Ltd., the nation’s biggest chemicals maker, slid 7.5 percent on concern over petrochemical margins.
Taiwan’s Taiex Index lost 1.7 percent, led by a 2 percent slump in United Microelectronics Corp., after the world’s second-largest contract maker of chips said second-quarter net income fell 39 percent. The Hang Seng China Enterprises Index of Chinese companies’ H shares retreated 1 percent.
下面这篇文章来自Reuters，你可以进一步了解股市情况
Wall Street suffers worst selloff in two years(Reuters) - Investors fled Wall Street in the worst stock-market selloff since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction.
The
Dow and the S&P tumbled more than 4 percent on Thursday and the Nasdaq lost 5 percent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its largest economies.
Analysts predicted further losses even though stocks have fallen on nine of the last 10 days. Two-year Treasury yields fell to a record low as investors sought safety in short-term government
bonds.
"People are throwing in the towel because they can't find relief on any front," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets.
The S&P 500's drop puts it more than 10 percent below its April 29 high, considered a correction. Nearly 14 billion shares changed hands, the busiest trading day in more than a year. Decliners beat advancers on the New York Stock Exchange by about 19 to 1.
The market's recent malaise stems from a number of factors. U.S. economic data has worsened, suggesting slowing growth from already sluggish pace in the first half. Europe's sovereign debt crisis has defied remedies and threatens to engulf large euro-zone economies Spain and
Italy.
"The debt troubles in Europe, especially with the yields on Italian and Spanish government bonds soaring, are making investors gather as much liquidity as possible," said Stephen Massocca, managing director of Wedbush Morgan in San Francisco.
The Dow Jones industrial average was down 512.46 points, or 4.31 percent, at 11,383.98. The Standard & Poor's 500 Index fell 60.21 points, or 4.78 percent, at 1,200.13. The
Nasdaq Composite Index lost 136.68 points, or 5.08 percent, at 2,556.39.
Some 13.92 billion shares changed hands on the New York Stock Exchange, NYSE Amex and Nasdaq, the highest since June 25, 2010, and well above the daily average of around 7.48 billion.
Losses occurred in all sectors. Among
stocks hitting new 52-week lows were Bank of America, down 7.4 percent at $8.83, Citigroup, down 6.6 percent at $34.81, and Hewlett-Packard, down 5.1 percent at $32.54.
Among sectors, losses in energy and materials outpaced others, with S&P energy down 6.8 percent and materials down more than 6.6 percent.
U.S. crude
futures settled down $5.30 to $86.63 a barrel in New York.
The CBOE Volatility index jumped 35.4 percent to 31.66, its highest since July 2010. It was the biggest rise since February 2007.
Overseas, the European Central Bank signaled it was buying government bonds in response to a deepening European debt crisis. In
Japan, the government intervened in currency markets to stem recent gains in the yen.
On Friday the government releases July's payrolls report, a closely watched number to gauge the U.S.
economy.
扫码加好友，拉您进群
全部版块
我的主页
收藏
