The New Weeks’ Rage 5.7.2012

– Japan’s Nikkei Index was down 2.8% closing at 9,119.14, its lowest in 3 months

– Hong Kong’s Hang Seng fell 2.6% to 20,536.59, its worst loss in 5 months

– Germany’s DAX dropped 1.5% to 6463.67

– France’s CAC-40 lost 1.6% to 3,112.49

– Britain’s market were closed for a public holiday

Dow Jones Industrial average future dropped 54 points while NASDAQ 100 futures shed 15.25

China is showing us a silver lining this morning with inflation lowering to 3.3% for April from 3.6% the
previous month, both below the 4% target with output strengthening

-Along with this Toyota sales are up 68% in China compared to a year ago

By ChrisKOTM