Investors expect Russian stocks to bounce back slightly on Friday, with floors opening the day in the black.<\/p>\n
Negative Flash PMI data from Markets worldwide reacted sharply to negative news in China and Japanese stocks suffered major losses on Tuesday: The Nikkei 225 European markets also posted sharp losses on Thursday. The Stoxx On Friday, the Ifo Institute will publish a report on the Major US indices rebounded during the day Thursday, but still Concerns are mounting about whether the US Fed intends to pull Data released Thursday showed that the number of American who Asian stocks are seeing further losses on Friday after being Oil is currently trading lower, with Brent down 0.09 percent to
\nChina along with uncertainty about the US Federal Reserve\u2019s
\nbond-buying program saw Russian stocks slump on Thursday: The MICEX
\nclosed 3.56 percent lower at 1396.90 and the RTS fell 4.18 percent
\nto close at 1400.84.<\/span><\/p>\n
\nthe US. Weak manufacturing data from China indicated that its
\nmanufacturing sector may be contracting, meaning the world\u2019s
\nsecond-largest economy may not be growing at as fast a pace as
\npredicted.<\/p>\n
\nsaw its biggest one-day drop \u2014 7.3 percent \u2014 since Japan was hit by
\na devastating tsunami more than two years ago. Other major indices
\nin Asia fell as well, with Hong Kong’s Hang Seng shedding 2.5
\npercent and South Korea’s Kospi dropping 1.2 percent. Markets in
\nAustralia, Thailand, Taiwan and Singapore also fell.<\/p>\n
\nEurope 600 index slumped 2.1 percent to 303.99, the FTSE 100
\ndropped 2.1 percent, Germany\u2019s benchmark DAX 30 \u2014 which has been
\nposting all-time highs recently \u2014 lost 2.5 percent, and the French
\nCAC-40 slid 2.7 percent.<\/p>\n
\nbusiness climate in Germany. Revised data will also be released on
\nGermany\u2019s first-quarter economic growth and the Gfk consumer
\nclimate index. Also, the UK will release industry data on mortgage
\napprovals, an important indicator of demand in the housing
\nmarket.<\/p>\n
\nclosed slightly lower. The Dow Jones Industrial Average lost 0.08
\npercent to close at 15294.50, the S&P 500 slipped 0.29 percent
\nto close at 1650.52, and the Nasdaq Composite was down 0.11 percent
\nto close at 3459.42.<\/p>\n
\nout of its $85-billion-a-month bond-buying program, which has been
\nlargely responsible for the multi-year highs witnessed in global
\nmarkets in recent weeks.<\/p>\n
\nfiled for jobless claims last week dropped by 23,000 to 340,000,
\nslightly beating expectations. The US flash PMI index fell to 51.9
\nin May from 52.1 in April, its lowest reading since last October.
\nOn Friday, the US will wrap up the week with an update on durable
\ngoods orders, a key production indicator.<\/p>\n
\nstruck by unexpectedly weak Chinese manufacturing data and news
\nfrom the US Fed. Japan’s Nikkei is still vulnerable: After a
\nmassive gain in the wake of yesterday\u2019s session, it reversed later
\nin the day, falling 0.7 percent to 14,391.74. South Korea’s Kospi
\nrose 0.1 percent to 1,971.23, Hong Kong’s Hang Seng fell 0.5
\npercent to 22,553.60 and Australia’s S&P\/ASX 200 lost 1.7
\npercent to 4,976. Benchmarks in the Philippines, Taiwan and New
\nZealand also fell.<\/p>\n
\n$102.30 and WTI down 0.3 percent t0 $93.90.<\/p>\n