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

[video] The Deal: European Markets Stable, Asian Stocks Decline

LONDON ( The Deal) -- European markets were relatively stable Monday morning, despite the return to work of traders and brokers across the region after the Christmas break. However, the Spanish services sector started well as the country scored 54.2 on the latest Markit purchasing managers' index for services, ahead of Germany's 53.5 and Spain's best since July 2007. France and Italy, by contrast, scored below the 50-point threshold, denoting further decline in services activity there.  
In London, the big riser was RSA Insurance, up over 7% as fears receded that further cash injections might be needed at its troubled Irish subsidiary, while retail bellwether Marks & Spencer lost further ground as the market prepared for likely bad news on Christmas sales when the group delivers its quarterly earnings report on Wednesday.
The FTSE 100 was slightly down at 6724.19, while in Paris the CAC40 was roughly flat at 4248. In Germany, the DAX bounced back from early lows and was up slightly at 9442, still a long way from its end of December highs of over 9500. Madrid's Ibex 35 Composite was up 0.52% at 9849.4.
In Asia, new figures confirmed China's services sector is growing more slowly than at any time since August 2011, pushing down the markets in both Shanghai and Hong Kong. In Japan, on Tokyo's first day of trading after the long New Year's break, the stronger yen was a factor hurting export stocks. The Nikkei 225 closed down 2.35% at 15.908.88

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 $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs