Stocks
U.S. Stock-Index Futures Slump on Dubai Concern; Citigroup, BofA Decline U.S. stock-index futures plunged,
indicating the Standard & Poor’s 500 Index will follow global
equities lower, as Dubai’s attempt to reschedule its debt
rattled investors.
American International, Dyax, MidSouth, Pharmasset: U.S. Equity Preview Shares of the following companies may
have unusual moves in U.S. trading on Nov. 27. Exchanges will be
closed tomorrow for the Thanksgiving holiday. Stock symbols are
in parentheses.
Brazil Stocks, Currency Fall on Dubai Debt Concerns, Drop in Commodities Brazilian stocks fell the most in
two weeks and the currency tumbled after inflation accelerated
and Dubai’s attempt to reschedule its debt rattled investors
seeking higher returns in emerging markets.
Canada Stocks Decline the Most in a Month, Led by Energy, Metal Producers Canadian stocks fell the most in a
month, led by commodity producers, as metals and oil prices
retreated and after Dubai’s attempt to reschedule its debt
rattled investors.
Vale, Itau to Beat Brazilian Small Caps in 2010, Schroders' Oliveira Says Brazil’s largest companies such as
Vale SA and Itau Unibanco Holding SA will outpace gains in
smaller stocks in 2010 as valuations favor the most traded
shares, said Schroders Investment Management Brazil DTVM SA.
`Screaming Hot' TVs, $5 Toys Abound as Walmart, Kohl's Pursue Shoppers Wal-Mart Stores Inc., Kohl’s Corp.
and Toys ‘R’ Us Inc. are competing with discounts and extended
Black Friday hours as cost-conscious shoppers say they plan to
spend less on gifts than they did last year.
Roubini's Das Says Dubai Shows Limits of Government Bailouts for Markets The worldwide decline in equities
spurred by Dubai’s efforts to reschedule its debt is a sign that
government spending alone won’t be enough to protect financial
markets, according to Arnab Das of Roubini Global Economics.
European Stocks Pare Earlier Losses; Automakers, Banking Shares Advance European stocks pared their declines
as automakers and banks advanced. The Dow Jones Stoxx 600 Index
slipped 0.2 percent to 239.35 as of 9:21 a.m. in London, having
earlier dropped as much as 1.8 percent.
U.K.'s FTSE 100 Index Retreats; Kazakhmys, ENRC, Kesa, Home Retail Decline U.K. stocks dropped, with the FTSE
100 Index headed for the worst two-day slump since March 30, as
raw-material producers followed metals prices lower after
Dubai’s attempt to reschedule its debt rattled investors.
European Options Index Heads for Highest Level Since July on Dubai Concern The benchmark index for European
stock options climbed for a second day as Dubai’s proposal to
delay debt payments rattled equity investors worldwide.
Carrefour Rated `Buy' in New Coverage at Citigroup on Earnings Recovery Carrefour SA, Europe’s biggest
retailer, was rated “buy” in new coverage at Citigroup Inc.,
which said “the market will be surprised by the strength of
earnings recovery in 2010.”
Mobius Says Dubai Debt Concern May Trigger Emerging-Markets `Correction' Templeton Asset Management Ltd.’s
Mark Mobius said Dubai’s attempt to reschedule debt may cause a
“correction” in emerging markets, compounded by Vietnam’s
currency devaluation and an “avalanche” of initial share sales.
Asian Stocks Decline on Dubai Concern, Yen Strength; HSBC, Obayashi Slump Asian stocks slumped, dragging the
MSCI Asia Pacific Index down the most in eight months, on
concern over losses stemming from Dubai’s attempt to reschedule
its debt and as the yen strengthened against the dollar.
Nikkei 225 Slumps the Most in Eight Months on Dubai Concern, Weak Dollar Japanese stocks fell, dragging the
Nikkei 225 Stock Average to its biggest drop in eight months, on
concern Dubai will fail to pay construction companies and the
dollar’s weakening to a 14-year low will hurt exporters earnings.
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