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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Pacific stock index futures drop as contagion fears spread

Nov 22, 2010 04:56 PM

Stock index futures measuring the strength of indexes on the other side of the globe declined late Monday afternoon, as new revelations about the American real estate market and an Irish bailout plan unsettled investors.

The Irish government said that it will accept a bailout package from the United Kingdom, the European Union and the International Monetary Fund of about 80 billion to 90 billion euros. In coverage of the Australian economy, Moody's Investors Service said an Irish bailout wold pose a "credit negative" for the nation, reported Bloomberg.

"The admission by the Irish that they need financial aid is not unexpected, and nor is the negative stance taken by ratings agencies," Angus Gluskie, at White Funds Management in Sydney, told the news service. "Attention has now turned to Spain and Portugal and investors may fret about risks for those countries until a satisfactory level of assurance about their financial outlook can be convincingly given."

In Australia, S&P/ASX 200 index futures slid 0.6 percent to 4,638. Singapore's SPI 200 index futures declined 26 points to 4,639, while in Hong Kong Hang Seng index futures dropped 73 points to 23,575.

S&P 500 index futures lost 1 point to 1,196.90.

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