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October 13, 2005

Asia/Pacific, Europe stocks slide, Thurs., Oct. 13, 2005, 6:43 AM

International equity markets are very weak in overnight trading.

In the Asia/Pacific region, it was Australia down "0.8 pct, China down "0.8 pct, India down "1.5 pct, Japan down "0.1 pct, South Korea down "1.9 pct, and Taiwan down "0.5 pct.

In Europe where trading is still in session, France is down about "0.8 pct, Germany down "0.4 pct, Italy down "1.1 pct, Spain down "0.7 pct and UK down "0.9 pct.

In Dow 30 vernacular, this would be considered an average triple-digit loss day around the world.

The world is focused on inflation. As we all know, inflation data is not precise, but it does reflect a trend, and that particular trend tends to move slowly over time. And when the trend is global, it is not something that NYC PR firms for Wall Street can easily ignore or spin into a positive.

Posted by Posted by Bill Cara on October 13, 2005 06:32:56 AM | Category: International Equity Markets

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