Tuesday, 5 June 2012

GLOBAL MARKET UPDATE 5-June-2012

ASIAN STOCKS MARKET Asian stocks rose amid speculation global policy makers will join the Reserve Bank of Australia in taking steps to stimulate economic growth and after a four-day drop left the regional gauge at the cheapest level this year.

U.S.STOCK MARKET
U.S. stock futures declined as speculation that global policy makers will increase measures to stimulate growth was overshadowed by concern about the economy. Standard & Poor’s 500 Index futures expiring this month. The S&P 500 reversed losses yesterday as the cheapest price-to-earnings valuation in six months overshadowed a drop in factory orders.

EUROPEAN MARKET
European stocks rose, snapping a four-day decline, amid speculation that policy makers around the world will take steps to stimulate economic growth. U.S. index futures fluctuated, while Asian shares advanced.

U.S.TREASURIES

Yields on Treasuries were close to record lows as Spanish Budget Minister Cristobal Montoro called for European funds to be used to shore up the nation’s banks, adding to concern theEuropean debt crisis is worsening. U.S. government securities had recouped earlier losses after European retail sales fell more in April than economists forecast and German factory orders declined.

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