The global markets give out mixed cues this morning. U.S. stocks fell this week, sending the Standard & Poors 500 Index to a three month low, on growing uncertainty over European leader’s plans to halt the debt crisis and economic data that raised doubts about the strength of the economic recovery. European stocks fell on concern that European governments are divided on how to contain the regions sovereign-debt crisis after Germany unilaterally banned some bets against government bonds and financial institutions. This morning Asian stocks rose, led by Chinese and Hong Kong equities, on speculation Chinas government will ease tightening measures as Europe’s debt crisis threatens economic growth. In commodities, Crude oil traded near $70 a barrel in New York after falling on concern European sovereign-debt defaults will slow economic growth and cut fuel consumption. Gold climbed, snapping a three-day retreat, as renewed weakness in the euro revived demand for a haven and last week’s decline to the lowest level in more than two weeks boosted the metal’s allure. Copper declined for the first time in three days on renewed speculation Europe’s debt crisis will slow...
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Source: Dalal Street Investment journal
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