Stocks
U.S. Stocks Join Global Retreat in Equities Following Dubai's Debt Crisis U.S. stocks fell, joining a global
slump that began when American exchanges were closed yesterday,
as Dubai’s attempt to reschedule debt rattled investors and
drove shares of banks lower.
Arch Coal, JPMorgan, MGM Mirage, MidSouth, Silvercorp: U.S. Equity Movers Shares of the following companies
had unusual moves in U.S. trading. Stock symbols are in
parentheses and share prices are as of the 1 p.m. close in New
York.
Canadian Stocks Rise, Erasing Loss, Led by Potash, Royal Bank of Canada Canadian stocks rose, led by
financial companies and materials producers, as some investors
concluded yesterday’s sell-off, triggered by Dubai’s attempt to
delay debt repayments, was overdone.
Vale, Itau to Beat Brazilian Small Caps in 2010, Schroders' Oliveira Says Brazil’s largest companies such as
Vale SA and Itau Unibanco Holding SA will outpace gains in
smaller stocks in 2010 as valuations favor the most traded
shares, said Schroders Investment Management Brazil DTVM SA.
VIX Jumps the Most Since October as Dubai Seeks Debt Payment Postponement The benchmark index for U.S. stock
options jumped the most this month and snapped a three-week
losing streak after Dubai said it would seek to postpone
repayment on much of its debt.
Mobius Sees a `Correction' From Dubai Crisis as Das Predicts Risk Aversion Dubai’s attempt to reschedule debt
may spur a “correction” in emerging markets, according to Mark
Mobius, while the global slump in equities shows government
spending alone won’t protect financial markets, Arnab Das of
Roubini Global Economics said.
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
U.K.'s FTSE 100 Index Gains; Shares of Royal Bank of Scotland Advance U.K. stocks rebounded from the
worst slump in eight months as concern over a potential default
from Dubai’s state-run companies eased.
Europe's VStoxx Options Index Drops Most Since June as Dubai Concern Eases The benchmark index for European
stock options dropped the most in five months as stocks in the
region rallied on easing concern over Dubai’s proposal to delay
debt payments.
Fortis Rated New `Outperform' at Credit Suisse; Says Stock `Undervalued' Fortis, owner of Belgium’s biggest
insurer, was rated “outperform” in new coverage at Credit
Suisse Group AG, which said the stock was “fundamentally
undervalued.”
Mobius Says Dubai Debt Concern May Trigger Emerging-Markets `Correction' Templeton Asset Management Ltd.’s
Mark Mobius said Dubai’s attempt to reschedule debt may cause a
“correction” in emerging markets, compounded by Vietnam’s
currency devaluation and an “avalanche” of initial share sales.
Bank of China, HSBC, Samsung C&T, Shin Kong: Asia Ex-Japan Equity Preview The following companies may have
unusual price changes in Asian trading, excluding Japan. Stock
symbols are in parentheses, and share prices are from the
previous close, unless noted otherwise.
Hong Kong Stocks Fall as Dubai Concern Weighs on HSBC, Standard Chartered Hong Kong’s Hang Seng Index dropped
5 percent, the most in almost a year, as bank shares tumbled
after Dubai attempted to reschedule debt repayments.
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