Asian stocks were mixed on Monday after last week’s rebound in global equity markets amid the Thanksgiving holiday break, Fed measures to boost consumer lending markets and the US government’s $306bn rescue of Citigroup. Oil, which had risen sharply last week, dropped as crude oil for January delivery sank as much 2.7% to $52.96 a barrel in New York after Opec deferred a decision to cut output for another two weeks. Japan stocks declined on concerns that bad-loan costs and job losses will mount after the failure of homebuilder Morimoto drove bankruptcies by listed companies to a postwar record.
Asian markets (Mon)
05:20am GMT
Nikkei down 108.20 (+1.27%) at 8,404.07
Topix down 6.69 (-0.80%) at 828.13
Hang Seng up 297.56 (+2.14%) at 14,185.80
US markets (Fri)
DJIA up 102.43 (+1.17%) at 8,829.04
Nasdaq up 3.47 (+0.23%) at 1,535.57
S&P500 up 8.56 (+0.96%) at 896.24
European markets (Fri)
FTSE100 up 61.91 (+1.46%) at 4,288.01
Eurofirst 300 up 9.69 (+1.14%) at 862.07
Currencies
05:17am GMT
€/$ 1.2675 (1.2898)
$/¥ 95.26 (95.20)
£/$ 1.5327 (1.5377)
Commodities (updated)
05:18am GMT
Brent Crude (Jan09) down 1.18 at 52.31
Light Crude (Jan09) down 1.12 at 53.31
100 Oz Gold (Feb09) down 6.20 at 812.80
3M 24HR Copper down 30.00 at 3,640.00
10-year government bond yields (%)
US 2.91 (2.81)
UK 3.77 (3.78)
Germany 3.25 (3.27)
Japan 1.40 (1.39)
Sources: FT, Reuters
