This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Deal: Asia Markets Mixed, Europe Brushes Off Merkel Victory

Stocks in this article: LYG

LONDON ( The Deal) -- Asian markets were mixed Monday, with much of the region now paring back some of last week's gains. That's because there's more caution over the Federal Reserve's longer-term intentions on the taper. In the short term, the delay might mean less immediate outflow of funds -- but longer term the hot money may still be heading for the exit.

Hong Kong only opened half a day, because of a typhoon warning which was only lowered at the end of the morning. But the Hang Seng still ended down 0.6%.

The Bombay Sensex was down because of a surprise interest rate hike on Friday by the new governor of the central bank.

But Shanghai was up 1.33% -- partly because a half week's holiday last week meant the Chinese market hadn't yet priced in the initial impact of the taper delay. But also because of a better-than-expected Markit/HSBC flash purchasing managers index. It's still an open question whether China has managed a soft landing.

In Europe, Europe markets seem to have brushed off Angela Merkel's victory in the German polls, in part because she's now expected to form a coalition with the opposition social Democrats, after the failure of her existing free market coalition partners failed to get any seats. Markets also not been much interested in better-than-expected purchasing managers index results for the French economy.

Germany's DAX, France's CAC and London's FTSE 100 all opened down. In London, the decliners were the mining companies and the banks as well as the gas distributor National Grid.

A weekend report of private-equity interest in Lloyds Banking Group's (LYG - Get Report) newly spun-out TSB banking group, which is currently heading for an IPO next year, didn't stop Lloyds shares falling.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,667.69 -4.91 -0.03%
S&P 500 2,050.35 -1.47 -0.07%
NASDAQ 4,754.2130 -3.6660 -0.08%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs