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Market Update : 
Automakers May Need $100 B, Europe Rate Cuts
Author: 123jump.com Staff
123jump.com
Last Update: 5:27 PM ET December 04 2008


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Argentina led gainers in the region with a rise of 2.8% followed by increases in Colombia of 0.6% and in Venezuela of 0.3%.

Mexico led decliners in the region with a loss of 1.2% followed by losses in Peru of 0.9%, in Brazil of 0.5% and in Chile of 0.07%.

Europe Markets Review

In London FTSE 100 Index closed lower 6.35 or 0.15% to 4,163.61, in Paris CAC 40 Index decreased 5.49 or 0.17% to close at 3,161.16 and in Frankfurt DAX index lower 3.01 or 0.07% to close at 4,564.23. In Zurich trading SMI increased 44.91 or 0.80% to close at 5,649.14.

Asian Markets Review

The Nikkei 225 Index in Tokyo closed lower 79.86 or 1.00% to 7,924.24, Hang Seng index in Hong Kong decreased 78.88 or 0.58% closed to 13,509.78 CSI 300 index in China higher 30.26 or 1.55% closed to 1,982.93. ASX 200 index in Australia decreased 1.40 or 0.04% to close 3,532.40. The KL Composite index in Malaysia lower 0.67 or 0.08% closed to 846.86.

The Kospi Index in South Korea decreased 16.13 or 1.58% to close at 1,006.54. SET index in Thailand closed lower 0.05 or 0.01% to 392.87 and JSE Index in Indonesia increased 12.80 or 1.07% to 1,205.32. The Sensex index in India increased 482.32 or 5.51% closed to 9,229.75.

Commodities, Metals, and Currencies

Crude oil decreased $3.07 to close at $43.72 a barrel for a front month contract, natural gas decreased 33 cents to $6.02 per mBtu and gasoline futures decreased 7.21 cents to close at 96.94 cents per gallon.

Wheat futures closed down 33.75 cents in Chicago trading and closed at $4.86 a bushel. Sugar decreased 0.36 cent to 10.86 cents a pound. Soybean future closed down 19 cent to $8.11 a bushel.

Gold decreased $3.70 in New York trading to close at $766.80 per ounce, silver closed up 9.5 cents to $9.49 per ounce and copper for the front month delivery decreased 10.50 cent to $1.4495 per pound.

Dollar edged lower against euro to $1.2778 and rose against yen to 92.23.

Yields on 10-year U.S. bonds dropped to 2.55% and with 30-year maturities decreased to 3.06%.


$25.34
-0.63%
$12.54
0.80%
$61.79
-0.18%
$35.80
0.34%
$42.00
-1.04%
$192.62
0.10%
$47.37
2.20%
$84.42
0.74%
$106.38
1.04%
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Market data: BATS Exchange. Inc.

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