WELLINGTON, Dec 7 (Reuters) - Asian stocks are set for a
muted start on Tuesday, after global markets consolidated as
investors took a cautious view on euro zone debt and the prospect
of further U.S. monetary easing.
The main Wall Street indices drifted sideways, ranging between a 0.2 percent loss and a 0.1 percent gain.
Concerns about Europe's debt crisis resurfaced, with euro zone powerhouse Germany rejecting a call to increase the size of a 750 billion euro safety net for debt-stricken members. For details, see
Adding to the gloom Federal Reserve Chairman Ben Bernanke gave a downbeat view of the economy, which offset his comments that the central bank would provide further stimulus if needed.
Technology shares were just lifted into positive territory after supportive comments from Cisco Systems Inc .
Asian stocks listed on Wall Street dipped 0.04 percent.
The renewed debt concerns saw the euro slide against the U.S. dollar, which also hampered the gains for U.S. equities.
British shares edged 0.4 percent higher while European stocks gained 0.1 percent, with oil stocks leading as crude prices hit a two-year high. 10 points above the last closing level in Osaka.
However, the underlying bullish trend is still seen intact with the Nikkei seen finding support around 10,000 with resistance around 10,250 near the six-month high reached last week.
Australian stocks are also seen opening little changed, with share price index futures flat at 4,697, a 8.4 point premium to the close of the underlying S&P/ASX 200 index.
HEADLINES: > Merkel rebuffs IMF call to raise euro zone fund > Wall Street ends flat on euro zone debt woes > US senators press China for action on trade, yuan > Obama presses for tax-cut compromise > Foreclosure kingpin's legal woes > Summit-Taylor: U.S. headed for recession > Wal-Mart appeal goes to top US court > Molycorp shares surge on report of possible bid > WikiLeaks founder to talk to UK police - lawyer > Pfizer CEO switch may mean new strategy > Iran, 6 big powers to resume talks on Tuesday > California gov sets $9.9 bln deficit-cutting plan
KEY INDEXES pct change
Bank of New York Asia ADR index -0.04
Dow Jones Industrial Average -0.17
Nasdaq Composite Index +0.13
Nikkei futures in Chicago 10,190
Nikkei futures in Osaka 10,180
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Reuters Tankan for December
- Leading indicators for October
HONG KONG - CEC International Holdings Ltd H1
results
- Emperor Capital Group Ltd final
results
- Pak Fah Yeow International Ltd third
interim dividend
AUSTRALIA - CSL Ltd investor day
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The main Wall Street indices drifted sideways, ranging between a 0.2 percent loss and a 0.1 percent gain.
Concerns about Europe's debt crisis resurfaced, with euro zone powerhouse Germany rejecting a call to increase the size of a 750 billion euro safety net for debt-stricken members. For details, see
Adding to the gloom Federal Reserve Chairman Ben Bernanke gave a downbeat view of the economy, which offset his comments that the central bank would provide further stimulus if needed.
Technology shares were just lifted into positive territory after supportive comments from Cisco Systems Inc .
Asian stocks listed on Wall Street dipped 0.04 percent.
The renewed debt concerns saw the euro slide against the U.S. dollar, which also hampered the gains for U.S. equities.
British shares edged 0.4 percent higher while European stocks gained 0.1 percent, with oil stocks leading as crude prices hit a two-year high. 10 points above the last closing level in Osaka.
However, the underlying bullish trend is still seen intact with the Nikkei seen finding support around 10,000 with resistance around 10,250 near the six-month high reached last week.
Australian stocks are also seen opening little changed, with share price index futures flat at 4,697, a 8.4 point premium to the close of the underlying S&P/ASX 200 index.
HEADLINES: > Merkel rebuffs IMF call to raise euro zone fund > Wall Street ends flat on euro zone debt woes > US senators press China for action on trade, yuan > Obama presses for tax-cut compromise > Foreclosure kingpin's legal woes > Summit-Taylor: U.S. headed for recession > Wal-Mart appeal goes to top US court > Molycorp shares surge on report of possible bid > WikiLeaks founder to talk to UK police - lawyer > Pfizer CEO switch may mean new strategy > Iran, 6 big powers to resume talks on Tuesday > California gov sets $9.9 bln deficit-cutting plan
KEY INDEXES pct change
Bank of New York Asia ADR index -0.04
Dow Jones Industrial Average -0.17
Nasdaq Composite Index +0.13
Nikkei futures in Chicago 10,190
Nikkei futures in Osaka 10,180
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Reuters Tankan for December
- Leading indicators for October
HONG KONG - CEC International Holdings Ltd H1
results
- Emperor Capital Group Ltd final
results
- Pak Fah Yeow International Ltd third
interim dividend
AUSTRALIA - CSL Ltd investor day
(Reporting by Adrian Bathgate)
((adrian.bathgate@reuters.com; +64-4-4714233; Reuters Messaging: adrian.bathgate.reuters.com@reuters.net)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.