Tuesday, 29 May 2012

GLOBAL MARKET UPDATE - 29-May-2012

ASIAN STOCKS MARKET

Asian stocks rose amid speculation China will do more to boost growth in the world’s second-largest economy, tempering concern about Europe’s debt crisis. China has no intention for large-scale stimulus, the official Xinhua News reported after most markets in the region closed.

U.S.STOCK MARKET

U.S. stock-index futures rose as investors awaited a report forecast to show an improvement in consumer confidence and as Greek opinion polls showed increasing support for political parties backing austerity.

EUROPEAN MARKET

European stocks fluctuated as speculation American data may show consumer confidence is growing and the housing market is stabilizing offset a report that China has no intention of introducing large-scale stimulus.

U.S.TREASURIES

Treasuries rose, reversing a decline, driving the 10-year yield down three basis points to 1.71 percent. While Treasury 10-year note yields approach record lows, they’re cheap compared with AAA debt of other nations, helping trigger record demand at U.S. bond auctions even in a fourth year of $1 trillion budget deficits.

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