{"id":36821,"date":"2014-12-30T21:10:02","date_gmt":"2014-12-30T13:10:02","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=36821"},"modified":"2014-12-30T20:09:20","modified_gmt":"2014-12-30T12:09:20","slug":"global-markets-lower-as-uncertain-greek-election-raises-caution","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/12\/30\/global-markets-lower-as-uncertain-greek-election-raises-caution\/","title":{"rendered":"Global markets lower as uncertain Greek election raises caution"},"content":{"rendered":"

\"shutterstock_92217934\"<\/a><\/p>\n

SEOUL, South Korea\u2014Global stock markets were mostly in the red Tuesday as concern about Greek politics and the shaky Russian ruble dented confidence in the global economy.<\/p>\n

Keeping score<\/h6>\n

France\u2019s CAC 40 fell 0.8 per cent to 4,283.90 and Germany\u2019s DAX dropped 0.7 per cent to 9,860.40. Britain\u2019s FTSE 100 was down 0.7 per cent at 6,593.00. Wall Street looked set for losses, with futures for the Dow Jones industrial average and broader Standard & Poor\u2019s 500 index both down 0.2 per cent.<\/p>\n

Asia\u2019s day<\/h6>\n

Tokyo\u2019s Nikkei 225 closed 1.6 per cent lower at 17,450.77 on 2014\u2019s final trading day. The benchmark gained 7.1 per cent this year. South Korea\u2019s Kospi dropped 0.6 per cent to 1,915.59, ending the year 4.8 per cent lower. China\u2019s Shanghai Composite Index shed 0.1 per cent to 3,165.81 and Hong Kong\u2019s Hang Seng was also down 1.1 per cent to 23,501.10. Australia\u2019s S&P\/ ASX 200 fell 1 per cent to 5,416.60. Market benchmarks in Taiwan, Thailand and Singapore were also down but Indonesia and Malaysia rose.<\/p>\n

Greek uncertainty<\/h6>\n

Greek bonds and shares fell after parliament failed to approve a new president, forcing the government to call early elections that could bring more economic turmoil. Investors worry elections might be won by the left-wing opposition Syriza party, which rejects Greece\u2019s bailout deal. On Monday, the Athens stock market plunged 11 per cent before recovering to close down 4 per cent.<\/p>\n

Analyst\u2019s take<\/h6>\n

\u201cAn election puts all sorts of doubt on the future of the bailout agreement given anti-austerity party Syriza is currently leading the polls,\u201d said Stan Shamu, a market strategist at IG Markets. \u201cPotentially markets had already priced this in but I would still remain cautious around Greece.\u201d<\/p>\n

Ruble trouble<\/h6>\n

The Russian currency fell further, losing 1 per cent against the U.S. dollar. Russian monetary officials have made stabilizing the currency a priority amid slumping oil revenues and unease about the country\u2019s economic outlook.<\/p>\n

Other currencies<\/h6>\n

The dollar fell to 119.453 yen from 120.659 yen while the euro rose to $1.2175 from $1.2159.<\/p>\n

Energy<\/h6>\n

Benchmark U.S. crude was down 73 cents to $52.87 per barrel in electronic trading on the New York Mercantile Exchange. On Monday, the contract plunged $1.12 to settle at $53.61. Brent crude, used to price international oils, lost 98 cents to $56.90.<\/p>\n","protected":false},"excerpt":{"rendered":"

SEOUL, South Korea\u2014Global stock markets were mostly in the red Tuesday as concern about Greek politics and the shaky Russian …<\/p>\n","protected":false},"author":44,"featured_media":36823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-36821","post","type-post","status-publish","format-standard","has-post-thumbnail","category-stock-markets","mauthors-youkyung-lee","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/36821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=36821"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/36821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/36823"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=36821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=36821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=36821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}