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SHARE MARKET REVIEW
ASIAN STOCKS MARKET
Japan's Nikkei has lost 13.2% since hitting a one-year peak of 10,255.15 on March 27 on concern over slowing global growth and the intensifying euro zone sovereign debt crisis. It is now deep in "oversold" territory, with the 14-day relative strength index at 27.3.
U.S.STOCK MARKET
U.S. stocks slid on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought. Based on the latest available data, the Dow Jonesindustrial average dropped 125.25 points, or 0.98 percent, to end at 12,695.35. The Standard & Poor's 500 Index slid 15.04 points, or 1.11 percent, to finish at 1,338.35. The Nasdaq Composite Index lost 31.24 points, or 1.06 percent, to close at 2,902.58.
EUROPEAN MARKET
European shares sank about 2% to their lowest levels in more than four months on the Greek crisis and signs a struggling Chinese economy. China cut bank reserve requirements on Sunday to free up an estimated 400 billion Yuan for lending in a bid to avert a sudden slowdown in the world's second-largest economy.
U.S.TREASURIES
The yield on U.S. Treasury 7-year notes hit a new historic low early Monday in New York as uncertainties about Greece's place in the euro zone stimulated a rush into relatively safer investments.
Demand for the perceived safety of U.S. government bonds pushed prices up across the debt market. The yield on U.S. Treasury prices, which moves inversely to price, fell to their lowest levels since early October, breaking decisively below 1.80 percent, which has been a key resistance point.
The benchmark 10-year U.S. Treasury note was up 17/32 in price to yield 1.78 percent.
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