Goedemorgen Fforummers/meelezers, het ontbijt vanmorgen is er bij ingeschoten, ik had geen trek, dat heeft overigens niets van doen met het beursgebeuren, zoals u weet heb ik hier bij herhaling laten weten dit soort dieprode dagen toch min of meer als beursfeestdagen te beschouwen.
APPIE.
European bourses seen lower
EUROPEAN OUTLOOK & US/ASIAN SUMMARIES:
Global markets remain frazzled Friday, with stocks and commodities falling, just as Group of Seven finance ministers and central bankers gather this weekend in Canada, with China's currency and Greece's debt on the agenda. European bourses are likely to start lower, with government debt mixed. The euro, dollar and pound are rallying against the yen, with spot gold and oil futures falling.
STOCKS:
European stock markets are likely to start lower as the fiscal crisis continues to weigh on sentiment, although investors are showing signs of squaring up positions ahead of the U.S. labor data later Friday. The figures could roil markets if they are well off the mark.
For Friday's opening, IG Markets is calling the FTSE down 18 at 5121, the DAX down 14 at 5519 and the CAC down 9 at 3680.
Concerns about debt levels in the euro-zone's peripheral countries continue to plague the markets.
The cost of insuring Greece, Spain and Portugal's debt against default rose sharply, as the European Commission's endorsement Wednesday of Greece's deficit-cutting plan failed to assuage investors' fears. A lack of fresh or reassuring news from European Central Bank President Jean-Claude Trichet at the ECB's press conference Thursday compounded the problem.
Banks and basic resouce stocks, which paced losers on Thursday, may see more losses before the U.S. labor data Friday
"The miners and banks were heavy fallers after commodity prices suffered from strength in the dollar as investors betted that...(the) all-important nonfarm payroll data may disappoint after (Thursday's) jobless claims came out much worse than anticipated," said Nick Serff at City Index.
James Hughes at CMC Markets added: "All eyes are on a better-than-expected number but the one certainty is volatility on payroll day."
The ECB's decision to keep interest rates unchanged failed to provide any support.
The Bank of England also voted against extending its bond-buying program, but retained the option of reopening the program should the need arise.
Wall Street futures are slightly higher on Thursday, after U.S. stocks dove Thursday, putting the Dow Jones Industrial Average just above the psychologically important 10,000 mark as concerns over European debt and U.S. unemployment weighed. Metals company Alcoa and energy giants Chevron and Exxon Mobil were among the many decliners as commodities tumbled.
"What you're seeing right now is a flight to quality again," said Jay Wong, equity portfolio manager at Payden & Rygel. "Although people were looking at other currencies as safe-havens to replace the U.S. dollar, what's happening in the euro zone is showing the vulnerability of those currencies and that the dollar still is king in times of uncertainty."
Asian equity markets Friday were dragged by sharp losses on Wall Street Thursday as heightened concerns over European sovereign debt hurt demand. Resources stocks were hit hard as a spike in risk aversion and renewed strength in the dollar dented commodities.
"The concerns are global, with sovereign debt issues in Greece, Spain and Portugal affecting investor sentiment," said Macquarie Private Wealth Associate Director Marcus Droga in Sydney. Investors were worried that the European nations could fail to bring their budgets under control, jeopardizing a fragile euro-zone economic recovery.
Resources and energy plays were among the region's biggest decliners as a stronger dollar spurred declines in underlying commodity prices.
(MORE TO FOLLOW) Dow Jones Newswires
February 05, 2010 01:00 ET (06:00 GMT)
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