Global stock Market summary september 5 2011

Global stock Market summary september 5 2011 : UAE stock indices retreated for a second day on Monday as stock markets in the Asia-Pacific region kicked off the week with steep declines on dismal US jobs data and resurgent worries about Europe’s debt woes.

Across the world stock markets took a battering after the worst US employment report in 11 months reignited investor nervousness and sparked fears the world’s largest economy is heading back into recession.

UAE’s leading property developer Emaar’s shares slumped for a second day by 0.4 per cent to Dh2.83, the lowest since August 28 as Dubai Islamic slipped the most since August 15 to Dh2. The DFM’s General Index fell 0.33 per cent to 1,478.84 points, the lowest since August 28.

Abu Dhabi’s ADX General Index dipped 0.37 per cent and Qatar’s QE Index declined 1.6 per cent after a four-day gain. The Bloomberg GCC 200 Index decreased 0.9 percent at 1:07pm in Riyadh and Saudi Arabia’s Tadawul All Share Index declined 1.2 per cent, the most since August 20.

Bahrain’s BB All Share Index and the Kuwait Stock Exchange Unweighted Index advanced 0.2 per cent. Oman’s MSM 30 Index gained 0.4 per cent, trading for the first time since a Muslim holiday.

The gloomy US jobs report, which showed American companies had not been hiring at all during August, comes on top of Europe’s ongoing debt problems. In Britain the FTSE 100 dropped 2.9 per cent to 5,136.36 points while Germany’s DAX fell 4.7 per cent to 5,280.13 and France’s CAC-40 toppled 4.6 per cent to 3,003.64 points.

Asia’s markets slumped with Japan’s Nikkei 225 stock average sinking 1.9 per cent to close at 8,784.46 points, Australia’s S&P/ASX 200 falling 2.4 per cent to 4,141.90 points and South Korea’s Kospi sliding 4.4 per cent to 1,785.83 points. Hong Kong’s Hang Seng slid three per cent to 19,616.4 points. Benchmarks in Singapore, Taiwan, New Zealand and the Philippines were also down. In Mainland China, the Shanghai composite index slipped 1.1 per cent, and in Taiwan, the Telex dropped 2.5 per cent. South Korea and Singapore tumbled 2.5 per cent and 2.4 percent, respectively.

Related Post:

stock markets

• stock market outlook october 26 2011
• will stock market crash week september 12 2011
• Global market summary august 18 2011
• Stock market outlook for week august 22 2011
• Global Stock market Summary august 17 2011
• stock markets outlook for week august 15 2011
• Stock Markets Summary week August 13 2011
• What Will Happen When the Market Crash of 2011 Turns Into the Recession of 2012
• stock market prediction august 1 2011