Weak macro data drags US markets, VIX up 6%
The US equity markets ended lower on Friday due to weak macro data while Volatility Index was up by 5.7% on Friday.
October 01, 2012 / 09:04 IST
By Gautam Broker, Research Analyst at CNBC-TV18
The US equity markets ended lower on Friday due to weak macro data while Volatility Index was up by 5.7% on Friday.Chicago PMI fell below 50 for the first time since September 2009. Chicago PMI for September stood at 49.7 as against 53 in August.Consumer sentiment for September went down to 78.3 versus 79.2 MoM while expectation was at 79.Personal spending for August rose 0.5% MoM, which was in-line with expectations. Personal income was up 0.1% - Lower than expected.Spanish bank audit reveals requirement of euro 59.3 billion in capital.Spain says it will need euro 40 billion (bank recap package) in aid from EU; rest will be raised by banks Moody's decision on Spain sovereign rating is due (possibility of downgrade to junk); 2013 budget was largely along expected lines.France unveiled its budget, aiming to cut fiscal deficit to 3% in 2013 from 4.5% in 2012.But deficit cut is mainly through tax increases rather than reforms and cut in public spend.US markets at close: Dow Jones fell 0.4% to 13,437.1 and S&P 500 index was down 0.5% at 1,440.7 while Nasdaq lost 0.7% S&P 500 Index jumped around 2% in September. European markets at close: CAC tanked 2.5% while DAX was down 1% and FTSE slipped 0.7%. Spain tumbled 1.7% and Italy plunged 2.3%.Asia todayChina official PMI data will be announced today. Japanese data was weak; Tankan index for September stood at -3 as against -1 MoM.Chinese, Korean and Hong Kong markets are shut today Nikkei fell 0.7% and Taiwan Weighted was down 0.3% SGX Nifty was flat.Currencies Euro fell below 200 DMA, hitting a low of 1.2804 against the US dollar today morning.Dollar index got back above 80, which hit a high of 80.14 today morning.Australian dollar was at 1.034 to the US dollar today as against 1.038 on Friday.Yen fell below 78 to the dollar post TankanCommodities CRB Index was up 0.6% on FridayBrent crude was largely flat on Friday, closing at USD 112.4 a barrel. It declined 0.5% today.WTI crude was up 0.4% on Friday, which was down 0.8% today at USD 91.5 a barrel.North Sea supply disruptions and Iran-Israel tensions supported Brent crude.Gold was down 0.5% at USD 1770 per tonne on Friday, which was marginally down today morning.LME Copper rose 0.4% on Friday at USD 8205 per tonne What to watch out for China NBS manufacturing PMIEZ Manufacturing PMI UK Manufacturing PMIUK Consumer Credit, Mortgage Lending US ISM manufacturing indexUS Construction spending 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!
