Glancing Financial] Stock Market on the 2nd week of May

1] by the Washington post
U.S. stocks declined, giving the Standard & Poor’s 500 Index a second straight weekly loss, as concern over Europe’s debt crisis deepened and inflation reports spurred speculation global interest rates will rise.






2] by 비즈조선
지난 주말 그리스의 채무상환 기간 연장을 놓고 국제통화기금(IMF)과 독일은 찬성, 유럽중앙은행(ECB)과 프랑스는 반대의사를 보이는 등 서로 엇갈린 모습을 보였다. 그리스를 둘러싼 유럽 각국의 불협화음이 원만히 매듭지어져야 할 것이라는 게 증시 전문가들의 판단이다.
..IT는 2, 3분기 꾸준한 실적 호조 전망을 바탕으로 기관들의 매수세가 몰리는 중이다. 차세대 선호주로서 부족함이 없다는 평가가 나오고 있다. 그러나 기존 주도주인 화학이나 자동차에 대한 변함없는 믿음도 적지 않다. 기존 주도주에 IT가 추가되는 분위기다.

반면 일각에선 주도주의 교체를 말하기도 한다. 동부증권은 주도주인 화학과 자동차의 경우 가치 대비 고평가 돼 있다고 판단하며 운송과 기계, 증권, 전자부품, 종이목재, 반도체 등이 기대수익률이 높을 것이라고 전망했다.


3]by the Telegraph
Global economic uncertainty and anxiety over Europe's debt crisis saw US stock markets tumble nearly 1pc on Friday, as investors fretted over what Greece’s deteriorating finances mean for the future of the euro.


4] by CNN
"Investors have turned a little more nervous since uncertainty is starting to creep back into the picture," said Michael Sheldon, chief market strategist at RDM Financial Group.

...That optimism seems to have waned this month, with all three major indexes down almost 2% in May.

"Markets traded lower following the end of QE1 so there's a good possibility that we'll see increased volatility during the next few weeks as we get closer to the end of QE2," said Sheldon.




5] by the daily news Egypt
Egypt's benchmark share index fell to its lowest since March 24 after Saturday's clashes between Muslims and Christians in a Cairo suburb lead to renewed concern that social tensions will hit tourism and investment, traders said.
..
The index closed 1.2 percent lower, with private equity firm Citadel Capital falling the most. Citadel dropped 5.5 percent and investment bank EFG-Hermes closed down 5.4 percent.

EFG was the most active stock with more than LE 38.5 million ($6.76 million) worth of its shares traded.

Brent crude fell $1.67 to settle at $109.13 on Friday, capping a frenzied trading week that sliced prices by more than $16 on demand worries and a move by investors to slash commodities exposures.

Dubai's benchmark slumped to a four-week closing low, down 1 percent as all sectors retreated.

Arabtec and Emaar Properties fell 1.4 and 1.6 percent respectively, between them accounting for a third of all shares traded.

Most UAE bank stocks slid, despite an upbeat outlook.
..

Abu Dhabi dropped 0.4 percent.

Shares in First Gulf Bank, Abu Dhabi's second largest bank by market value, have lagged and offer potential upside, Henin added. FGB shares shed 1.4 percent.

Attractive valuations lifted the Saudi index by 0.7 percent, easing away from Saturday's two-week low when investors sold positions on the sharp oil price decline.

Seven of the 10 largest stocks ended higher, with Saudi Basic Industries Corp the most heavily traded. It rose 0.2 percent.

Analysts forecast continued volatility in coming sessions.