EUROPEAN MARKETS… London’s FTSE 100 fell 32.11 to 5,302.99, the Paris CAC-40 dropped 41.38 to 3,820.78, Frankfurt’s DAX fell 51.65 to 5,695.32, Zurich dropped 84.99 to 6,493.96, Madrid fell 7.05 to 1,185.30, and Oslo dropped 5.84 to 405.64. The FTS Eurofirst 300 index of leading European shares closed down 1.1pc at 1,024.95 points.

US DOLLAR… is changing hands at 90.29 yen (pre 89.86), against the euro it is US$1.4161 (1.4137) against sterling US$1.6108 (1.6112) and against the Swiss franc US96.17c (95.99).

 

23/01/2010 5:05:49 AM

* Stock fall worldwide on Obama plan to curb risk-taking

* Dollar falls vs yen, euro as Obama hurts risk appetite

* Oil slips to below $75 a barrel as commodities hit

* U.S. bonds fall on supply concerns, profit-taking (Updates with U.S. markets, changes byline; dateline previously LONDON)

Indonesia Stock Market IDX

Home Loans Guru

Australian Stock Blog

Penny Stocks Australia

India shares Investment

Gold Investment Stocks

The Asian markets closed lower with Hong Kong down 0.65pc, China 1.24pc, Taiwan 2.47pc, Australia 1.59pc, Singapore 1.10pc, South Korea 2.42pc and India 1.12pc.
WALL STREET…

The largest gains in positive sentiment came from households with lower incomes and lower wealth in terms of home values and stock portfolios.
Commodities were hammered, especially February gold, down $13.50 to $1089.70 oz while oil tumbled $1.54 to $74.54 barrel for March crude, traded on the New York Mercantile Exchange.

The Dow Jones Industrial Average settled 216.90 lower at 10,172.98 and the S&P 500 index ended 24.72 points lower at 1091.76. The Nasdaq Composite index fell 60.41 points to 2205.29 and the Nasdaq 100 index finished 55.75 behind at 1794.82. In Treasuries, the 10-year note fell 4/32 to 98 7/32 while the yield rose 1.5 points to 3.59pc. The 30-year bond yield rose 1 points to 4.50pc and the two-year note yield fell 2 points to 0.803pc.

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AUSTRALIAN DOLLAR… is changing hands at US90.37c compared with US90.29c on yesterday’s close. Offshore the Aussie posted a high of US90.92c and low of US90.08c. Against the yen it is at 81.60 (81.44) at 63.82 euro cents (63.94) and 56.10 British pence (55.63).

AUSTRALIAN MARKET… will likely lose ground after Wall St’s stumble. The March futures contract is showing an 87 point decline to 4619. On Friday the ASX 200 index ended 76.6 points behind at 4750.6 and for the week retreated 149 points, while the All Ordinaries index dropped 77.7 points to 4771.9 and lost 157.6 points over the five trading days.

Today the Australian Bureau of Statistics will publish December quarter producer prices. Tomorrow is the Australia Day holiday and when the market resumes on Wednesday the key December quarter CPI will be published. Macquarie Infrastructure is trading ex a bonus issue today while Ozgrowth and Westoz are ex dividend. Profit reporting season will start on Wednesday with Coal & Allied and GUD Holdings slated to release results.

METALS… spot gold is currently $1091.65 oz. The COMEX gold Feb contract fell $13.50 to $1089.70 oz, the Apr contract fell $13.40 to $1090.80 oz. Jan silver was down 57.8c to $16.918 oz. Jan platinum fell $56.40 to $1552.90 oz. and Jan copper fell 5.35c to 333.85c lb in New York.

OIL… March crude contract was down $1.54 to $74.54 a barrel with a high of $76.50 and a low of $76.50. The April contract finished down $1.61 to $74.94, with a high of $76.95 and low of $74.96. Brent ICE for March dropped $1.75 to $72.83, with a high of $75.15 and a low of $72.78.