New York, August 3 (alphajetsusa.com) – As the central banks in Europe, China and the US failed to deliver quick steps to improve the dwindling economy, the Asian shares plunged and Japan’s bond gained for the third consecutive day.
In London, MSCI Asia Pacific Index (MXAP) lost 1 percent in London,trimming its weekly gain to 0.7 percent. Standard & Poor’s 500 Index jumped 0.2 percent. Japan’s benchmark 10-year note yield dropped four basis points toward the lowest since 2003 to 0.73 percent. The Topix Index slipped 1.2 percent. The Stoxx Europe 600 Index dropped 1.3 percent. The Dollar Index dropped 0.1 percent to 83.258
As compared to previous year’s 226,000 monthly jobs, its growth slowed to an average of 75,000 in the quarter through June.
From the lowest close since July 13, oil rebounded. On New York Mercantile Exchange, Crude for September delivery increased to $87.83.