Asian Stocks Drop as U.S. Jobs, Manufacturing Reports Disappoint

What could became in the business world in the few weeks or months?

Bad weather on Asian and USA markets. Concern, Asian stocks dropped and U.S. manufacturing expanded.at the weakest pace than forecast.

The MSCI Asia Pacific Index dropped 1.8 percent, concern Manufacturing growth from China, the U.S. and Europe slowed in May. And the deepened over Europe’s debt crisis do nat trust markets.

A part of this damage is near the weak manufacturing and employment in USA. In link, Investors are worried to take risks.

In USA, carmakers and supplier notebook computer step down too.

© A.Aufauvre

By Jonathan Burgos and Shani Raja, Asian Stocks Drop as U.S. Jobs, Manufacturing Reports Disappoint
"Asian stocks dropped for the first time in three days after U.S. manufacturing expanded at the weakest pace in more than a year and employers hired fewer workers than forecast, fueling concern the global economic recovery will slow.
“The weak manufacturing and employment data coming on the back of soft data out of Europe and China and another downgrade for Greece have added to concerns about the strength of the global economy,”(...)"

Stocks, Commodities Rise After G-8 Statement on Global Growth

Stocks rose, preventing the fourth straight weekly loss for the MSCI All-Country World Index, and commodities gained after Group of Eight leaders said the global economy is strengthening. The dollar fell.
The MSCI index added 0.9 percent at 3 p.m. in New York, giving the gauge a 0.2 percent advance since May 20. The Standard & Poor’s 500 Index climbed 0.3 percent. The S&P GSCI index of 24 commodities increased 0.5 percent as natural gas, copper and silver surged 1.2 percent or more. The dollar slid against all 16 major peers. The Swiss franc rose to records against the euro, pound and U.S. currency.

The strengthening world economy will pave the way for reductions in debt, G-8 leaders said. Europe vowed to fight its fiscal woes with “determination,” while President Barack Obama promised a “clear and credible” U.S. deficit-reduction strategy. Equities gained even after consumer spending in the U.S. climbed less than forecast and sales of previously owned American home plunged 12 times more than projected.
(...) By Stephen Kirkland and Rita Nazareth

READ THE COMPLETE ARTICLE, Stocks, Commodities Rise After G-8 Statement on Global Growth