Stock Market News - Prices Stumble in Asia after European Elections

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(Best Syndication News) Stock markets are lower in Asia early Monday after a disappointing day on Wall Street Friday (see stock charts below). Traders are worried about the uncertainty surrounding Sunday’s elections.

The conservative New Democracy (ND) and socialist PASOK parties may have lost their controlling majority of Parliament in Greece and the incumbent conservative President Nicolas Sarkozy lost to Francois Hollande in France. Both elections brought about some uncertainty for the bailout packages promised to Greece.

Last week the Shanghai composite (China) index gained 2.32 percent and the Hang Seng (Hong Kong) gained 1.66 percent (see the world market chart below). Early Monday the Nikkei 225 (Japan) is down 2.78 percent while the Shanghai and Hang Seng are down 0.15 percent and 2.62 percent respectively.

Light sweet crude oil (WTI) slipped 6.14 percent last week (see the survey #2 commodity chart below). Since the settle on Friday, WTI is down another $1.16 to $97.33. Gold and silver prices were also lagging in anticipation of Sunday’s elections.

On Friday Wall Street had other concerns. Disappointing jobs numbers put a damper on stock prices. Of the 486 stocks in our widely-held index, only 42 were higher (see the widely-held stock chart below). QLogic Corporation (NASDAQ:QLGC) was the big loser, down nearly 10 percent.

CF Industries Holdings, Inc. (NYSE:CF) was another loser, down nearly seven percent. Although earnings are strong, some wonder if they have peaked. In the after-hours the share price fell another 41 cents to $183.50.

CareFusion Corporation (NYSE:CFN) was the big winner in our index, up five percent on the day. A revision of their guidance impressed investors.

Newmont Mining Corporation (NYSE:NEM) was another winner. Volume was average. In the after-hours NEM fell eight cents to $46.08. There was a bid of $46.09 on 200 shares and an ask of $46.29 for 300 shares.

By: Dan Wilson

World Markets:

Friday World Stock Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
5/4/2012 N. & S. AMERICA Pt Change % Change % Change % Change % Change
13,038.27 Dow Jones Industrial -168.32 -1.27% -1.44% -1.54% 10.81%
1,369.10 S&P 500 -22.47 -1.61% -2.44% -3.35% 13.59%
2,956.34 NASDAQ Composite -67.96 -2.25% -3.68% -5.32% 17.17%
11,871.23 S&P TSX Canada -143.67 -1.20% -2.99% -5.60% 2.87%
60,820.93 Brazil Bovespa Stock -1,283.22 -2.07% -1.41% -8.79% 9.99%
39,408.61 IPC MXX - Mexico -171.44 -0.43% 0.21% 1.40% 10.74%
2,215.34 MerVal Buenos Aires 20.12 0.92% -2.49% -17.70% -7.71%
791.84 Russell 2000 Sm-Cap -14.75 -1.83% -4.07% -6.42% 11.75%
809.52 Russell 3000 98% Mkt -13.35 -1.62% -2.65% -3.63% 13.78%
EUROPE
5,655.06 FTSE 100 England -111.49 -1.93% -2.11% -4.20% 5.41%
3,161.97 CAC 40 France -61.39 -1.90% -3.19% -9.71% 6.31%
6,561.47 DAX Germany -132.97 -1.99% -3.53% -7.31% 15.71%
689.86 Athens Greece Comp. 2.56 0.37% -0.38% -10.09% 6.05%
703.05 IGBM Madrid Spain 0.00 0.00% -2.51% -15.17% -14.84%
6,056.79 SSMI - Swiss Market -40.89 -0.67% -0.97% -3.60% 5.01%
14,957.63 FTSE Italia All (Italy) -224.12 -1.48% -5.38% -15.26% -1.97%
ASIA & PACIFIC
2,452.01 Shanghai China 11.93 0.49% 2.32% 4.31% 10.54%
9,380.25 Nikkei 225 Japan 0.00 0.00% -1.48% -6.37% 13.07%
21,086.00 Hang Seng Hong Kong -163.53 -0.77% 1.66% 2.02% 16.69%
7,700.95 TSEC Taiwan Exchange 41.42 0.54% 2.95% -3.35% 16.09%
4,396.00 S&P ASX 200 Australia -33.00 -0.75% 0.78% 3.12% 8.27%
16,831.08 BSE Sensex Bombay -320.11 -1.87% -1.77% -1.30% 9.44%
5,086.85 CNX NIFTY NSE India -101.55 -1.96% -2.00% -1.88% 10.27%
1,989.15 Korea Com KOSPI -5.96 -0.30% 0.70% -1.49% 11.94%
2990.59 STI Singapore -10.35 -0.34% 0.30% 0.54% 14.23%

Widely-Held Index:


Friday One Day One Day 1-Week 30-Day
5/4/2012 Name Change % % %
15.26 QLogic Corporation -1.60 -9.49% -11.89% -13.79% 1
28.73 Southwestern Energy... -2.23 -7.20% -5.83% -11.27% 2
183.91 CF Industries Holdings... -13.57 -6.87% -7.10% -2.57% 3
16.94 First Solar, Inc. -1.13 -6.25% -7.68% -35.12% 4
48.39 Aon Corporation -2.96 -5.76% -6.26% -0.55% 5
60.72 Estee Lauder... -3.43 -5.35% -6.91% -2.46% 6
21.66 Jabil Circuit, Inc. -1.20 -5.25% -8.14% -15.06% 7
73.14 Teradata Corporation -4.00 -5.19% 3.19% 6.59% 8
357.62 The Washington Post... -18.53 -4.93% -6.85% -7.17% 9
33.38 Rowan Companies, Inc. -1.72 -4.90% -3.75% -0.42% 10
             
             
12.36 Dean Foods Company 0.10 0.82% 1.64% 0.98% 476
31.73 DeVry Inc. 0.27 0.86% -1.18% -9.70% 477
31.26 Iron Mountain Incorporat... 0.34 1.10% 1.86% 9.65% 478
17.39 Chesapeake Energy Corp. 0.20 1.16% -1.86% -29.48% 479
117.79 Visa Inc. 1.38 1.19% -4.64% -0.83% 480
25.57 NYSE Euronext 0.30 1.19% -5.54% -13.53% 481
6.55 Micron Technology, Inc. 0.08 1.24% -0.30% -22.02% 482
46.16 Newmont Mining Corporati... 0.57 1.25% -3.55% -13.43% 483
18.89 Pepco Holdings, Inc. 0.28 1.50% 0.43% 0.05% 484
20.05 CenterPoint Energy, Inc. 0.33 1.67% 0.00% 3.83% 485
27.09 CareFusion Corporation 1.29 5.00% 4.39% 6.86% 486

Survey #2 Settle Price Chart:

Friday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
5/4/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2088.00 Aluminum 3-mo LME 0.00 0.00% -1.00% -3.87% -0.95%
112.25 Brent crude (not settled) -3.63 -3.13% -6.15% -10.29% 1.30%
57.92 Coal -0.31 -0.53% 0.68% 2.21% -16.12%
3.7075 Copper HG -0.03 -0.76% -2.95% -2.65% 4.58%
98.49 Crude oil (WTI) -4.05 -3.95% -6.14% -7.84% -1.99%
2.20 Ethanol ZE CBOT 0.00 0.18% 0.32% -3.84% 3.72%
1645.20 Gold GC 10.40 0.64% -1.18% -1.03% -5.71%
3.01 Heating Oil (HO) -0.08 -2.53% -5.40% -6.27% 0.89%
2.279 Natural gas NG HH -0.06 -2.61% 4.25% 0.18% -33.38%
652.15 Palladium PA -9.20 -1.39% -4.22% -0.95% -4.54%
1531.80 Platinum PL 2.90 0.19% -2.54% -5.90% 0.64%
2.98 RB RBOB Gasoline -0.07 -2.43% -7.19% -12.09% 14.46%
color="#F0F0F0">30.432 Silver SI 0.42 1.41% -2.92% -5.70% -6.55%
665.00 Steel Hot-Roll Coil 10.00 1.53% -0.75% -3.62% -1.48%
51.6 UxC Uranium U3O8 0.10 0.19% -0.29% 0.98% -2.18%
5/4/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
347.1 Average All 0.46 0.13% -2.18% -3.32% -2.92%
652.5 Metals Average 0.77 0.12% -2.23% -3.00% -3.07%
39.9 Energy Average -1.17 -2.85% -4.68% -6.91% -4.24%
54.1 Ratio Gold/Silver Prices -0.41 -0.76% 1.79% 4.95% 0.90%
-113.4 Difference Plat-Gold -7.50 7.08% 21.80% 228.70% -49.10%
1.07 Ratio Plat/Gold 0.00 0.45% 1.40% 5.17% -6.31%
1.1 Ratio Brent / WTI Prices 0.01 0.85% -0.01% -2.66% 3.36%
$13.76 Difference Brent - CL 0.42 3.15% -6.20% -24.64% 33.33%

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