Nikkei Futures Drop Before BOJ Minutes as Kiwi Slips; Oil Gains

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Japanese index futures fell, with local markets to resume trading after a two-day holiday, as the yen held near a three-week high before the release of minutes from the central bank��s last meeting. The New Zealand dollar weakened while crude oil climbed.

Nikkei 225 Stock Average futures dropped 0.7 percent from their May 2 close to 14,380 by 3 a.m. in Osaka, and lost 0.7 percent in Chicago. Standard & Poor��s 500 Index futures were little changed after the gauge slid 0.9 percent in the U.S. The yen was at 101.70 per dollar by 8:48 a.m. in Tokyo following a 0.5 percent jump in the last session, while New Zealand��s dollar fell 0.5 percent after the nation��s central bank detailed conditions under which is may intervene. Oil in New York added 0.4 percent.

Disappointing earnings from American International Group Inc. and Twitter Inc.��s 18 percent slide dragged down U.S. stock gauges, as the dollar weakened versus major peers. Alibaba Group Holding Ltd. filed for what could be a record U.S. initial public offering after markets closed. Services data for Japan and China is due today, with Hong Kong resuming stocks trading after a holiday yesterday. The U.S. threatened more sanctions against Russia as that country called on Ukraine to postpone its May 25 presidential vote amid ongoing violence.

Source : Bloomberg

U.S. Stocks Slide as Twitter Leads Internet Selloff, AIG Sinks

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U.S. stocks fell for the third time in four days as Twitter Inc. led a selloff in Internet shares while American International Group Inc. dragged down financial companies.

Twitter plunged 18 percent as about 480 million shares from insiders became eligible for sale, more than quadrupling the current amount available for trading. AIG declined 4.1 percent after saying rising claims costs contributed to a 27 percent drop in profit.

The S&P 500 retreated 0.9 percent to 1,867.73 at 4 p.m. in New York. The Nasdaq Composite Index slumped 1.4 percent.

The Bloomberg IPO Index, tracking stocks including Twitter, slumped 2.3 percent. The gauge for newly public companies has dropped 9.9 percent from its March peak as investors shifted out of the fastest-growing industries and sought safety in firms with stable earnings and dividends.

Source : Bloomberg

U.S. Stocks Fall; Euro Gains With Pound on Economic Data

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U.S. stocks fell for the third time in four days as American International Group Inc.��s profit disappointed investors and Twitter Inc. slumped. The euro and Spanish bonds gained on signs economies are strengthening.

The Standard & Poor��s 500 Index fell 0.5 percent at 12:26 p.m. in New York as AIG led financial shares lower. Twitter slid 12 percent to the lowest since its initial trading day. The Stoxx Europe 600 Index lost 0.3 percent. Ten-year Treasury yields dropped one basis point to 2.59 percent. The euro appreciated 0.3 percent to $1.3922. Spain��s 10-year yield reached a record low. Nickel and lead rose at least 1 percent.

Twitter sank as about 480 million shares from insiders became eligible for sale, more than quadrupling the amount available for trading. The U.S. trade deficit narrowed as exports grew the most in nine months. Spanish jobless claims fell and services growth quickened in Germany, Italy and Ireland in April. Ukraine��s efforts to regain ground from pro-Russian militants in eastern cities were undermined as insurgents killed four government troops and downed a military helicopter.

Source : Bloomberg

Saham Eropa Tertekan Penurunan Laba Barclays

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Saham Eropa turun untuk hari ketiga, yang merupakan penurunan beruntun terpanjang sejak bulan Maret, dengan Barclays Plc membantu mendorong saham lebih rendah, sementara ketegangan di Ukraina meningkat.

Saham Barclays mengalami penurunan terbesar sejak Juli setelah melaporkan bahwa laba sebelum pajak anjlok. Saham Balfour Beatty Plc turun 20 persen setelah CEO-nya berhenti dan perusahaan memangkas proyeksi pendapatannya. Saham Deutsche Lufthansa AG naik 3 persen setelah mengatakan kerugian kuartal pertama menyempit. Saham PostNL NV mengalami reli terbesar sejak Oktober.

Indeks Stoxx Europe 600 turun 0,3 persen ke level 336,04 pada penutupan perdagangan, setelah sebelumnya gain sebanyak 0,3 persen. Indeks tersebut turun 0,7 persen dalam tiga hari terakhir di tengah meningkatnya kekerasan di Ukraina. Pasar Inggris dibuka kembali setelah ditutup selama liburan kemarin .

Menurut data yang dikumpulkan oleh Bloomberg, volume saham perusahaan berpindah tangan di Stoxx 600 adalah 18 persen lebih rendah dari rata-rata 30 hari terakhir.

Sebuah laporan menunjukkan penjualan ritel di zona euro naik 0,3 persen pada bulan Maret dari bulan sebelumnya, dibandingkan dengan revisi kenaikan 0,1 persen pada bulan Februari. Perkiraan rata-rata ekonom menyerukan penurunan sebesar 0,2 persen.(frk)

Sumber : Bloomberg

U.S. Stocks Decline as AIG Earnings Drag Financial Shares Lower

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U.S. stocks fell, after benchmark indexes climbed to record levels, as lower profit from American International Group Inc. dragged down financial shares.

AIG fell 1.2 percent after saying rising claims costs contributed to a 27 percent drop in profit.

The S&P 500 retreated 0.3 percent to 1,879.65 at 9:33 a.m. in New York.

U.S. stocks rose yesterday as an expansion in American service industries offset concern over growth in China and political tensions in Ukraine. The Dow Jones Industrial Average last week climbed to an all-time high as earnings topped forecasts and the Federal Reserve said it would further trim bond purchases as the economy gains momentum. The S&P 500 briefly climbed above its highest closing price on May 2, as data showed U.S. payrolls rose the most since 2012.

The S&P 500 is up 1.7 percent for the year, while the Dow is down 0.6 percent. The Nasdaq Composite Index has lost 1.2 percent.

Copy Source: Bloomberg