The American dollar braced up against the Japanese yen and the Scottish euro where as the oil slid down $89 a barrel. Earlier in the day for the European market, Britain’s FTSE 100 slid down by 0.2% to 5,380.90 whereas Germany’s DAX dropped down by 1.3% at 5,707.49. France’s CAC-40 went down by 0.7% to 3,232.84.
European market fall had a small influence on the American stocks as Dow futures dropped by 0.3% to 11,569.00 whereas standard &Poor’s 500 indexes fell by 0.4% to 1,212.90.
Earlier in the day Asian stock market increased strongly, driven positively by the manufacturing data and expectations of the stimulus in the market by the Federal Reserve but by the closing of the day market lost its steam.
Asian market saw an increase in their indexes as japans’ Nikkei 225 rose by 1.2% to 9,060.80 where as Hong Kong’s Hang Seng went by 0.2% to 20,585.33.s. Australia’s S&P/ASX 200 shot up by 0.3% to close at 4,307.50. South Korea’s Kospi reamin almost as it opened closing at 1,880.70 and Taiwan’s stocks also saw an increase but the Singapore stock indexes fell down.
Asian stock market took their early lead from united state’s gains that saw a demand for factory orders, which investors saw as an indication that the manufacturing sector is still strong. Many investors were expecting the FED to declare another round of major asset purchase to stimulate the economy, as there was fear hovering over U.S. of another recession.
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