4:00PM New York, 10:00PM Frankfurt, 6:00AM Sydney– Falling personal spending and rising expenditure index in the U.S. affected trading sentiment. U.S> indexes fell more than 1%. Latin American markets closed lower but markets in Europe close higher.

Global Markets Update

U.S. stocks fell after weaker than expected data on personal consumption and expenditure. Crude oil gained as tropical storm brewed in the Gulf of Mexico. A decline in earnings from Dell suggested a slower spending in the U.S. and earl signs of similar trends in Europe and Asia. Consumer spending in July rose 0.2% after rising at 0.6% in June according to the latest data from the Commerce Department. Personal income dropped 0.7% after rising 0.1% in June and 1.8% in May.

The Statistics Bureau in Japan reported on its Web site today that the consumer price index in Japan rose 0.2% from the previous month and gained 2.3% from a year earlier. In Tokyo trading Nikkei 225 index rose 2.4% today and added 3.2% for the week and dropped 2.3% for the month, and the broader Topix Index rose 2.9% in the session. Industrial production rose 0.9% in July after it fell 2.2% in June. Nisshinbo Industries led advancers in the Nikkei 225 index shares with a rise of 10.47%.

North American Markets indexes

Dow Jones Industrial Average increased 169.34 or 1.6% to a close of 11,545.51, S&P 500 Index closed down 17.82 or 1.20% to 1,282.83, and Nasdaq Composite Index decreased 44.12 or 1.7% to close at 2,367.52. In Toronto TSX Composite closed down 26.32 or 0.19% to 13,724.16.

Of the 30 stocks in Dow Jones Industrial Average 2 stocks gained, 28 declined and none was unchanged.

Intel Corp led decliners in Dow Jones Industrial Average with a loss of 2.54% followed by losses in General Motors of 2.2%, in IBM of 1.95% and in Merck & Company of 1.92% and in Caterpillar Inc of 1.45%.

Citigroup Inc led gainers in Dow Jones Industrial Average with a rise of 0.10% followed by gains in AIG of 0.07% and in Walt Disney of 0.06%.

Of the stocks in S&P 500 index, 119 increased, 379 declined and 2 were unchanged. Of the index stocks, 16 rose more than 3% and 15 fell more than 3%.

MGIC Investment Corp led the gainers in the S&P 500 index with a rise of 6.8% followed by gains in Novell Inc of 6.5%, in Liz Claiborne of 6.47%, in Regions Financial of 5.16%, in Sunoco Inc of 5.02% and in Wamu Inc of 4.65%.

Freddie Mac led decliners in the S&P 500 index with a loss of 13.26% followed by losses in Dell Inc of 13.21%, in Fannie Mae of 13.08%, in LSI Corp of 5.4%, in Autodesk Inc of 4.95%, in KLA Tencor Corp of 4.50% and in SanDisk Corp of 4.22%.

South American Markets Indexes

Colombia was the lone gainer in the region with a rise of 1.5%.

Brazil led decliners in the region with a fall of 0.9% followed by decreases in Mexico of 0.65%, in Venezuela of 0.35%, in Argentina of 0.31%, in Chile of 0.25% and in Peru of 0.03%.

Europe Markets Review

In London FTSE 100 Index closed higher 35.40 or 0.63% to 5,636.60, in Paris CAC 40 Index increased 21.11 or 0.47% to close at 4,482.60 and in Frankfurt DAX index higher 1.78 or 0.03% to close at 6,422.30. In Zurich trading SMI increased 48.34 or 0.67% to close at 7,238.74.

Asian Markets Review

The Nikkei 225 Index in Tokyo closed higher 304.62 or 2.39% to 13,072.87, Hang Seng index in Hong Kong increased 289.60 or 1.38% closed to 21,261.89.ASX 200 index in Australia increased 69.10 or 1.36% to close 5,135.60. The KL Composite index in Malaysia increased 30.40 or 2.81% closed to 1,100.50.

The Kospi Index in South Korea increased 0.09 or 0.01% to close at 1,474.24, SET index in Thailand closed higher 1.61 or 0.24% to 684.44 and JSE Index in Indonesia increased 21.10 or 0.98% to 2,165.94. The Sensex index in India increased 516.19 or 3.67% closed to 14,564.53.