US mkts end marginally down on low volumes
The US markets ended marginally down on low volumes and deluge of economic data. Inflation concerns loomed in China and Britain.
February 16, 2011 / 09:09 IST
By Varinder Bansal, Research Analyst at CNBC-TV18
The US markets ended marginally down on low volumes and deluge of economic data. Inflation concerns loomed in China and Britain.The Dow Jones Industrial Average was down 42 points at 12,227. The Nasdaq Composite was down 13 points at 2,804 and the S&P 500 index fell 4.3 points 1,328.NYSE total traded volumes remained low at 929 million shares.Asian markets opened mixed; Nikkei was up 0.4%. Hang Seng and Taiwan were up 0.25%. Kospi and Shanghai went up 0.15%. Straits Times was down 0.2%.European markets ended mixed; CAC was up 0.33% and DAX up 0.05% while FTSE was down 0.38%.Peripheral European markets: Market Vectors Egypt was down 2.1%, Athex Com down 1.35% and Hungary Index down 0.8%. CBOE VIX was up 2.6% at 16.4. Global NewsUS advance retail sales increased 0.3% in January while market expected increase of 0.5%US empire manufacturing survey for February came in at 15.4 versus 11.9 in January while market expected 15.5.China's CPI increased 4.9% in January versus increase of 4.6% in December.China's PPI for January increase sharper by 6.6% versus increase of 5.9% in DecemberJapanese industrial production increased 3.3% during December, central bank upgraded its economic outlook, but made no change to its key interest rate.France and Germany 4Q GDP grew 0.4%, but eurozone GDP expanded at a slower 0.3% Eurozone ZEW Survey for February improved to 29.5 from 25.4 in JanuaryCurrenciesDollar was down 4 bps versus Euro at 1.35Yen fell 60 bps versus USD at 83.77 CommoditiesMarch crude oil contract was down 0.6% at USD 84.32 per barrel, lowest levels since November 30March natural gas was up 0.9% to USD 3.97 per MMBtuMay wheat was down 3.5% and soybeans fell 2.5% April gold rose 0.6% at USD 1374.10 per ounceMarch silver was up 0.6% at USD 30.70 per ounce Data to watchWeekly mortgage apps, housing starts, PPI, industrial production, oil inventories, FOMC minutes; Earnings from Comcast, CBS, NetApp and Nvidia Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
