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Tokyo tumbles in early trade following Friday's European meltdown, the Nikkei -1.5%. In Hong...

Tokyo tumbles in early trade following Friday's European meltdown, the Nikkei -1.5%. In Hong Kong, the Hang Seng -0.8%. S&P 500 futures -0.2%, German Dax futures -0.3%. The euro -0.4% to $1.3020. The yuan declines a bit against the greenback following Beijing's weekend widening of the trading band - not what the Treasury Dept. had in mind when it heard the news on Saturday.
Comments (10)
  • The Treasury now looks silly with their statement: "we welcome this move..."
    15 Apr 2012, 09:36 PM Reply Like
  • I know i was reading CNBC on my phone. They were saying they def know china isn't having a hard landing now LOL
    15 Apr 2012, 09:49 PM Reply Like
  • Someone forgot to knock on wood. Dang...that always happens.
    15 Apr 2012, 10:01 PM Reply Like
  • Looking like it will not be a good start to the week again. Will be interesting to see how US markets react on Monday.
    15 Apr 2012, 11:37 PM Reply Like
  • The Asian slide in stocks has less to do with China that with Europe.


    Asia mimics the world. America and Europe down on Friday = 100% guarantee thae Asia will be down on Monday.
    16 Apr 2012, 02:09 AM Reply Like
  • MC,
    Agree. At one point Asian markets seemed to lead US markets, aka. 08/09. But such is not seemingly the case anymore as they basically track/lag US & EU markets for the past few years.
    16 Apr 2012, 02:31 AM Reply Like
  • Dont you just love all those journalists. Here it is refered to a
    European meltdown last Friday....


    MELTDOWN.. When a nucleur reactor crashes, it has a meltdown.
    1 - 1,5 pct down in the stock market is considered a meltdown ?
    16 Apr 2012, 03:35 AM Reply Like
  • You're right. "Meltdown"? 5% is a meltdown. 1.5% used to be called profit-taking.


    We are in crisis-mode. Stocks go down 1.5% and rational analysts cry out: "Bernanke will have to re-evaluate his position on no more QE or Twists..."


    Clearly, if stocks go down at all, the government needs to FIX THAT.


    This is madness.
    16 Apr 2012, 04:08 AM Reply Like
  • Europe was not down 1-1.5% last Friday.


    Spain -3.6%, Italy -3.3%, Germany and France around 2.5% or so. Shares of the banks were down a far greater amount.
    16 Apr 2012, 06:54 AM Reply Like
  • Don't worry "The Growth Brigade" (Larry Summers, Paul Krugman,
    George Soros and a "Chicago-based consultant") has joined Socialist presidential candidate Francois Hollande in a tour of the EU promoting the same failed economic policies they have run here for the past three years.




    There's panic in Progressive Park. Take shelter in a basement or interior room.
    16 Apr 2012, 05:10 AM Reply Like
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