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World stocks fall as talks on US budget deal stall

August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: World stocks fall as talks on US budget deal stall  (Read 96 times)
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« on: November 15, 2012, 06:23:18 am »

World stocks fall as talks on US budget deal stall

World stocks slid Thursday as the eurozone fell into recession and hopes faded for a quick agreement among U.S. leaders not to hike taxes and cut government spending — a potential double whammy which could derail the world's biggest economy.

President Barack Obama has said he is willing to extend current tax cuts for all but the richest 2 percent, but Congress opposes that. Unless they reach a compromise, across-the-board tax increases and spending reductions will take effect automatically in 2013 at a cost of about $800 billion. Economists say that could knock the U.S. economy back into recession.

Meanwhile, the European Union's statistics agency confirmed that the eurozone countries are in recession, with GDP contracting 0.1 percent in the third quarter from the previous three-month period.

European stocks fell in early trading. Britain's FTSE 100 lost 0.3 percent to 5,704.60 while Germany's DAX fell 0.5 percent to 7,063.42. France's CAC-40 shed 0.3 percent to 3,389.17.

After sharp falls Wednesday, U.S. stock futures rose fractionally ahead of the release of several manufacturing surveys that some analysts said could show a modest improvement in activity in November. Dow Jones industrial futures rose 0.2 percent to 12,563 and S&P 500 futures added 0.3 percent to 1,357.

Analysts at Credit Agricole CIB said in a market commentary that a "cautious tone" is likely to permeate trading, given the uncertainty over the situation in the U.S. Obama is expected to meet the top leaders of both political parties at the White House on Friday for discussions.

Asian indexes tumbled, though Japanese stocks rose thanks to a drop in the value of the yen, which helps the country's exporters.

Hong Kong's Hang Seng tumbled 1.6 percent to 21,108.93. South Korea's Kospi shed 1.2 percent to 1,870.72. Australia's S&P/ASX 200 fell 0.9 percent to 4,349.20. Benchmarks in Singapore, Taiwan and Thailand also fell.

In mainland China, the Shanghai Composite Index lost 1.2 percent to 2,030.29, the lowest close in more than a month. The Shenzhen Composite Index lost 1.6 percent to 805.91.

In Japan, the Nikkei 225 index rallied 1.9 percent to close at 8,829.72 due to the impact of a weaker yen, which fell after Prime Minister Yoshihiko Noda reportedly pledged to dissolve the parliament by Friday if the opposition agreed to key reforms. Parliamentary elections could be set for Dec. 16.

Investors "hope that there may be some more stimulatory policies as a result of that," said Peter Elston, strategist at Aberdeen Asset Management in Singapore.

Overall, many investors remain uneasy with the persistent weakness in the world's biggest economies and a lack of confidence, which discourages companies and households from spending despite stimulus programs by central banks.

"The concern that I have is that when economies were weak three years ago, governments were able to come to the rescue," Elston said. "They are not as able to provide support now because their balance sheets are a lot weaker than they were."

Benchmark oil for December delivery was down 9 cents to $86.23 in electronic trading on the New York Mercantile Exchange, after a sharp rise Wednesday after Israel bombed targets in the Gaza Strip.

In currencies, the euro rose to $1.2765 from $1.2745 late Wednesday in New York. The dollar jumped to 81.21 yen from 80.17 yen, its second rise of more than one percent in two days.

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