Nikkei -56.23 (-0.35%) 15859.45
FTSE 100 -139.00 (-2.4%) 5652.00
DOW -180.10 (-1.60%) 11098.51
NASDAQ -45.63 (-2.06%) 2164.74
S&P 500 -20.06 (-1.57%) 1260.10
10YR 100 11/32 -1/32 5.08%
Japanese stock market closed Tuesday session with losses.
The main outsiders were retail companies such as Seven & I Holdings Inc. and Aeon Co. Such sentiment was led by weak report on personal spending. In a whole the report showed 2% drop that above expectations in 1.4%. March made 2.1% fall.
Seven & I felt on 1.5%; Aeon – 1.8%; Fast Retailing Co.- 1.7%.
Meantime Suzuki Motor Corp. shares added 4.1%. Nissan Motor Co. informed on new gain of Nissan minicab. Company’s shares lost 0.9%
Tokyo Electron Ltd. lifted on 1.5%; Advantest Corp. - 0.2%.
European stock market gained ground to a weekly flours on speculations strong EUR and further rate hike will damage corporate profits.
The main outsiders in insurance and municipal sphere were Aegon NV and E.ON AG as the most sensitive to loan costs changes.
Bayerische Motoren Werke AG and Diageo Plc shares dropped on fears weakening USD can negatively influence export.
Main indexes continue to fall after publication of the most disappointing consumer conf. report since Katrina hurricane.
E.ON lost 2.7%; Suez SA - 3.5%; Axa SA - 3.3%; Aegon - 4.2%.
Wall Street also was in a red zone.
This was led by speculations the next FOMC Minutes will show reasons for rates hike Federal Funds 25 years диаграмма. This Minutes will be published on Wednesday.
FED on it’s last meeting for the 16th time increased refinancing rate on 25 p.p. to 5%. Awaited data brought nervousness to the market on Tuesday.
After the bell Conference Board has published the Consumer Confidence report in April. As expected index Consum. Confidence диаграмма has dropped to 103.2 against 109.2 in April. Oil grow in price slightly at the bell. Junes futures on WTI has grown up in price on 12c. to $71.49 f.b.
Corporate front: General Motors shares rating was decreased by Deutsche Bank to "sell".
Wal-Mart Stores also drops. The company has informed on the eve that the rise in prices on gasoline becomes the reason of that retails in May will appear at the bottom border of a forecasted range. Results of sales Wal-Mart and other large retail companies will be highlighted on Thursday before the market bell.
The headquarters of the operator of oil pipelines Kinder Morgan on Monday has declared intention to privatize the company for $100/share, that approximately on 18.5 % above current cost in the evening. The transaction is estimated in $13.4 billion.
June future WTI closed session in $72.15/b. (+$0.78).
Trade volumes: NYSE 1.26 bln.; Nasdaq - 1.42 bln.