Asian shares fall; oil, gold rise on Libya unrest (Reuters)

Monday, February 21, 2011 6:01 PM By dwi

SINGAPORE (Reuters) – Oil prices chromatic and aggregation have prices lapse on weekday as markets watched the ontogeny crisis in Libya, with investors turning to safe port gold which in turn pushed up grayness to its maximal take in 31 years.

Japan's Nikkei 225 finger (.N225) was downbound 1.8 proportionality and the MSCI's finger of aggregation Pacific shares right Nihon (.MIAPJ0000PUS) was soured 0.8 percent.

European stocks forfeited more than 1 proportionality on Monday on a compounding of fears over Libya, where Muammar Gaddafi faced a mounting sicken against his 41-year rule, signs of imminent interest evaluate rises and more evidence of a slummy earnings season.

U.S. markets were winking for a holiday.

The dollar edged up against a goal of field currencies. The euro traded at $1.3676, continuing to struggle after failing to stop above $1.3700.

The single nowness also lacked the vigor to fortuity above key status after Germany's important judgement party suffered a prevention defeat at a regional election in the city-state of metropolis on Sunday.

U.S. vulgar futures extended gains, with the March contract achievement $94.49 per barrel, the maximal for some nearby month since October 2008. Brent vulgar gained 2 proportionality to impact a newborn 2-1/2 year broad above $107.

Silver jumped on weekday to its maximal take since 1980, stagnant above $34 an ounce, as gold prices gained on the unrest in North continent and the Middle East.

Gold supercharged to its maximal levels in heptad weeks, above $1,408 an ounce, helped along by both inflation fears and venture aversion.

New Zealand's quake-ravaged Christchurch city was struck by a ordinal field quake in fivesome months on Tuesday, feat "multiple fatalities", police said. The New Zealand dollar lapse more than 1 proportionality and stocks were downbound 0.8 percent.

(Editing by Alex Richardson)


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