Arab Today, arab today asian shares slip on thin trading low risk appetite
Last Updated : GMT 15:01:05
Arab Today, arab today
Arab Today, arab today

Asian shares slip on thin trading, low risk appetite

Arab Today, arab today

Arab Today, arab today Asian shares slip on thin trading, low risk appetite

Tokyo - Arabstoday

Asian shares fell yesterday in low volume with many market players away for year-end holidays, while oil held on to the previous day\'s gains on concerns about possible supply disruptions after Iran threatened to stop the flow of oil from the Gulf. MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.9 per cent, keeping it on track for a 2011 loss of 18 per cent, underperforming a 12 per cent decline in European shares and a 9 per cent drop in world stocks. The pan-Asian index was dragged lower by a 1.3 per cent drop in Australian shares, hit by falling gold and copper prices in extremely thin trading. Investors cutting risk before the year-end led Hong Kong and China shares down as turnovers neared year lows. European markets were likely to open lower, with financial spreadbetters expecting London\'s FTSE to start barely changed but Frankfurt\'s DAX and Paris\' CAC-40 to begin down 0.2 and 0.4 per cent respectively. Japan\'s Nikkei stock average ended down 0.2 per cent in light trading, on track for a 17.6 per cent drop this year. \"More people want to bring their positions to neutral ahead of the New Year holidays than look for bargain hunting, and that\'s keeping prices depressed in low volumes,\" said Tetsuro Ii, the president of Commons Asset Management in Tokyo. Dollar index flat The dollar index, measured against a basket of six major currencies, was nearly flat at 79.830. The euro stood at $1.3067, holding above its 11-month trough of $1.2945 hit earlier this month. But it remained vulnerable ahead of Italy\'s debt sale today. The Italian debt sale of up to €8.5 billion (Dh40.78 billion) of debt will provide a gauge of investor appetite. Italy faces around €100 billion in bond redemptions and coupon payments between January and April. The direction of yields on highly-indebted Eurozone sovereigns will remain a market focus in 2012, as a soaring public financing burden threaten to hurt growth and further derail fiscal reforms. In the United States, more data emerged to support views the economy was on track for moderate recovery, with improving labour market conditions lifting US consumer confidence to an eight-month high in December. Other data, however, showed US single-family home prices fell more than expected in October, suggesting recovery was still far from being on a solid footing. Europe must clear several hurdles including government bond auctions and implementing a bailout programme before regaining market confidence about its ability to contain the debt crisis. Growth challenge Once the prospect of resolving the debt crisis becomes clear, it would help improve economic fundamentals in the US and China and boost risk appetite. \"The trend for including commodities in asset allocations will remain intact next year, as you cannot remove resources-related assets from your portfolios,\" said Ii of Commons Asset Management. The 19-commodity Reuters-Jefferies CRB index — largely influenced by US crude oil — was set for a 7 per cent drop in 2011, faring slightly better than equities. US crude oil was among the best performers this year with a 10 per cent increase, while gold gained 12 per cent as a loss of confidence in key currencies such as the euro accelerated flight to bullion, traditionally seen as a safe-haven.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares slip on thin trading low risk appetite Arab Today, arab today asian shares slip on thin trading low risk appetite

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares slip on thin trading low risk appetite Arab Today, arab today asian shares slip on thin trading low risk appetite

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday