This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

World Markets Cautious Amid Dull Economic Signs


BANGKOK (AP) â¿¿ World stock markets drifted Monday amid a quiet day of trading due to a U.S. holiday and signs that the global economic recovery has hit a plateau.

Oil prices hovered below $100 a barrel in light trading volume ahead of the U.S. Memorial Day holiday. The dollar was down against the euro but up against the yen.

Asian markets were largely inert and European shares posted muted gains in early trading. Germany's DAX was 0.4 percent higher to 7,190.4 and France's CAC-40 rose 0.1 percent to 3,955.97.Markets in Britain are closed for a holiday.

While most major economies are expected to keep growing, evidence is mounting that many around the world are struggling to expand as fast as they did last year. European governments are struggling with debts and squeezed budgets. High unemployment, depressed real estate and still-high oil prices are slowing the U.S. economy. In China, interest-rate hikes designed to reduce inflation are slowing growth.

"In this kind of market, where you have seasonal weakness, not to mention a raft of concerns comprising softening global economic data and European, US debt worries, the markets' default position is definitely down," Cameron Peacock, a market analyst with IG Markets in Melbourne, said in a report.

Japan's Nikkei 225 stock average slipped 0.2 percent to close at 9,504.97 as a stronger yen hurt the country's exporters. Many of them are already struggling with power outages and parts shortages in the aftermath of a devastating earthquake and tsunami on March 11.

Toyota Motor Corp., the world's top auto producer, was down 0.2 percent and rival Honda Motor Co. Ltd. lost 1.3 percent. Electronics and entertainment giant Sony Corp. slid 2.1 percent.

South Korea's Kospi lost 0.3 percent to 2,093.79, with tech shares among the most embattled. Samsung SDI Co. Ltd., which manufactures electron tubes and plasma panels for digital displays, plummeted 11.5 percent.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
TSLA $214.84 1.60%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs