The Korea Herald

지나쌤

Stocks in U.S., Europe slide as Treasuries rally

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Published : Aug. 10, 2011 - 23:20

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U.S. stocks tumbled, erasing more than half of yesterday’s rally, while European shares slid and Treasuries rose for a third day amid concern the economic recovery is faltering and the debt crisis is spreading to France. The euro weakened against 11 of 16 major peers, dropping 1.1 percent to $1.4220. 

Specialist Stephen D'Agostino works at his post on the floor of the New York Stock Exchange. (AP-Yonhap News) Specialist Stephen D'Agostino works at his post on the floor of the New York Stock Exchange. (AP-Yonhap News)


The Standard & Poor’s 500 Index sank 2.4 percent at 9:40 a.m. in New York following the gauge’s biggest jump in more than two years yesterday. The Stoxx Europe 600 Index lost 1.5 percent as Paris-based lender Societe Generale (GLE) SA plunged 14 percent. The 10-year Treasury yield fell 10 basis points to 2.15 percent after touching a record low of 2.03 yesterday.

France’s borrowing costs are rising as Europe’s debt crisis makes investors wary of lending to any nation other than Germany. Central banks are fighting to prevent a recession, with Federal Reserve Chairman Ben S. Bernanke vowing yesterday to keep borrowing costs at an all-time low to revive a recovery that’s “considerably slower” than expected. People familiar with the transactions said the European Central Bank bought Italian and Spanish bonds. Switzerland’s central bank said today it will “significantly” increase the supply of liquidity to banks, and

The S&P 500 rallied 4.7 percent yesterday, rebounding from its worst slump since the bear market in 2008, after the Fed announced plans to keep its benchmark rate at a record low through mid-2013 and said it considered other tools to bolster economic growth. Six companies in the index are due to release results today, including News Corp. and Cisco Systems Inc.

Three stocks fell for each that gained in the Stoxx 600. Intesa Sanpaolo, the Italian lender, and French bank BNP Paribas lost more than 9.8 percent.

The yield difference between two- and 10-year Treasuries was near the narrowest since October, underscoring concern about the pace of the economic recovery. The government sells $24 billion of 10-year securities today after yesterday’s auction of three-year securities drew the lowest yield since records began in May 1981 in the first note sale since Standard & Poor’s cut the U.S. debt rating on Aug. 5.

The Spanish 10-year yield fell five basis points to 5.04 percent and Italian yields decreased seven points to 5.11 percent. Italy sold 6.5 billion euros ($9.4 billion) of 366-day bills, with the average yield at 2.959 percent, compared with a yield of 3.67 percent at the previous sale on July 12.

The cost to insure French government debt against default rose four basis points to a record 165 basis points, according to CMA.

The Swiss franc erased earlier losses against the euro, while retreating versus the dollar. The Swiss National Bank said today it boosted the supply of liquidity to banks by expanding sight deposits to 120 billion francs ($165 billion) from 80 billion francs. It will also conduct foreign-exchange swap transactions, a tool last used in 2008. The central bank said it’s ready to take further measures if needed.

The S&P GSCI index of 24 commodities rose for the first time this week. Oil climbed 1.8 percent to $89.73 a barrel after crude inventories fell the most since June, according to the American Petroleum Institute.

Gold jumped 1.8 percent to $1,771.23 an ounce, in London the fourth consecutive gain. Commodities may outperform equities the rest of the year because of record demand and shortages, according to Barclays Capital.

The MSCI Emerging Markets Index rallied 1.5 percent, set for the biggest gain since May. Taiwan’s Taiex Index advanced 3.3 percent, while the Czech PX Index jumped 1 percent. (Bloomberg)

 

(한글기사)

뉴욕증시, 경계심리로 급락 출발



10일(현지시각) 뉴욕증시는 유로존의 위기가 해소되지 않고 있는 가운데 전날 폭등세에 따른 경계심리가 발동하면서 급락 출발했 다.

이날 오전 9시40분 현재 뉴욕증권거래소(NYSE)에서 다우존스 산업평균지수는 전 날보다 292.93포인트(2.61%) 하락한 10,946.84에서 거래되고 있다.

스탠더드 앤드 푸어스(S&P) 500 지수도 28.53포인트(2.43%) 내린 1,144.OO,  나 스닥 종합지수는 66.82포인트(2.69%) 떨어진 2,415.70에서 각각 움직이고 있다.

전날 뉴욕증시는 미 연방공개시장위원회(FOMC)가 향후 최소 2년간 제로  금리상 태를 지속하고 경기부양 방법을 모색하겠다고 밝힌데 힘입어 4% 이상 급등했다.

저가 매수세가 대거 유입된데다 장기적인 저금리 기조가 경기부양에 도움이 될 것으로 해석된데 따른 것이었다.

하지만 이날 시장에서는 전날 FOMC 성명이 향후 2년간 경제가 취약한 상황을 면 하기 어려울 것임을 확인한 것이라는 분석이  설득력을 얻기 시작했다.

또 많은 투자자들이 여전히 미국의 경제전망에 대해 불안감을 갖고 있고, 향후 주식시장이 약세를 보일 것이라는 전망도 잇따르고 있다.

로이터의 조사에서 미국의 프라이머리 딜러들은 내년 중 또다시 경기 침체에 빠 져들 가능성이 지난 11월 같은 조사 때보다 두 배나 높은 평균 30%인 것으로 예상했 다.

또 빅터 슈베츠 삼성증권 홍콩법인 리서치 헤드는 CNBC와의 인터뷰에서 글로벌 증시가 앞으로 5∼10년 동안 약세를 전개할 가능성이 높다고 내다봤다.

이런 가운데 지난주 미국에서는 모기지 대출 신청이 전주보다 소폭 늘었다고 모 기지은행가협회(MBA)가 이날 밝혔다.

미 당국은 이날 오전 지난 6월의 도매재고 지수와 지난주 원유재고 통계를 발표 한다.

한편 뉴욕상업거래소(NYMEX)에서 9월 인도분 서부텍사스산 원유(WTI)는 전날 종 가보다 1.53달러(1.93%%) 오른 배럴당 80.83달러에 거래되고 있다. (연합뉴스)