WELLINGTON, Jan 10 (Reuters) - Asian stocks are likely to make a weak
start on Monday, amid concerns about financial stocks and caution about
economic recovery and growth dominate the start of 2011.
Global markets were subdued on Friday, with the main Wall Street indices drifting as much as 0.3 percent lower, with the mood hit by a mixed U.S. jobs report that fell short of expectations. The jobless rate fell more than expected to 9.4 percent, however a disappointingly low number of jobs were added.
Banks also fell after a court ruling in a key foreclosure case went against Wells Fargo & Co and US Bancorp.
British shares fell 0.6 percent on falls for heavyweight banking and mining sectors while European shares fell 0.3 percent as investors were nervous ahead of key sovereign debt auctions this week.
Asian stocks listed on Wall Street fell 0.3 percent.
Investors will be looking to the December sales report for the world's largest chipmaker, TSMC, as well as Chinese auto sales for the 2010 year.
Activity through the region is likely to be dampened with Japanese markets closed on Monday for a public holiday.
The euro continued its rough ride in 2011 on euro zone debt fears, with the U.S. jobs data proving mildly supportive for the currency.
Australian stocks are likely to slip, as base metal prices closed weaker on Friday, with share price index futures falling 17 points to 4,676, a 29 point discount to the close of the underlying S&P/ASX 200 index.
HEADLINES: > Market slips on bank worries, lackluster jobs data > US jobs growth disappoints, but jobless rate falls > AIG recap deal near; share sale seen in May > Duke Energy near deal for Progress Energy-sources > Commodities show ties that bind > Portugal under pressure to seek EU/IMF aid-source > No estimate for reopening of Alaska oil pipeline > U.S. criticises Israel over Jerusalem settlement > At least 70 killed in Iranian plane crash > IMF'S Lipsky: U.S. deficit reduction critical
KEY INDEXES pct change
Bank of New York Asia ADR index -0.26
Dow Jones Industrial Average -0.19
Nasdaq Composite Index -0.25
Nikkei futures in Chicago 10,505
Nikkei futures in Osaka 10,550
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Markets closed for a public holiday
CHINA - 2010 Auto sales
TAIWAN - TSMC December sales
STH KOREA - Dec producer inflation
(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 2011. 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.
Global markets were subdued on Friday, with the main Wall Street indices drifting as much as 0.3 percent lower, with the mood hit by a mixed U.S. jobs report that fell short of expectations. The jobless rate fell more than expected to 9.4 percent, however a disappointingly low number of jobs were added.
Banks also fell after a court ruling in a key foreclosure case went against Wells Fargo & Co and US Bancorp.
British shares fell 0.6 percent on falls for heavyweight banking and mining sectors while European shares fell 0.3 percent as investors were nervous ahead of key sovereign debt auctions this week.
Asian stocks listed on Wall Street fell 0.3 percent.
Investors will be looking to the December sales report for the world's largest chipmaker, TSMC, as well as Chinese auto sales for the 2010 year.
Activity through the region is likely to be dampened with Japanese markets closed on Monday for a public holiday.
The euro continued its rough ride in 2011 on euro zone debt fears, with the U.S. jobs data proving mildly supportive for the currency.
Australian stocks are likely to slip, as base metal prices closed weaker on Friday, with share price index futures falling 17 points to 4,676, a 29 point discount to the close of the underlying S&P/ASX 200 index.
HEADLINES: > Market slips on bank worries, lackluster jobs data > US jobs growth disappoints, but jobless rate falls > AIG recap deal near; share sale seen in May > Duke Energy near deal for Progress Energy-sources > Commodities show ties that bind > Portugal under pressure to seek EU/IMF aid-source > No estimate for reopening of Alaska oil pipeline > U.S. criticises Israel over Jerusalem settlement > At least 70 killed in Iranian plane crash > IMF'S Lipsky: U.S. deficit reduction critical
KEY INDEXES pct change
Bank of New York Asia ADR index -0.26
Dow Jones Industrial Average -0.19
Nasdaq Composite Index -0.25
Nikkei futures in Chicago 10,505
Nikkei futures in Osaka 10,550
TOP ASIA EVENTS:
For more Asian company earnings, see ASIA/EQTY
JAPAN - Markets closed for a public holiday
CHINA - 2010 Auto sales
TAIWAN - TSMC December sales
STH KOREA - Dec producer inflation
(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 2011. 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.