U.S. stock futures fall after Japan earthquake. U.S. stock futures indicates the Standard & Poor’s 500 Index may drop for a third time in four days.
S&P 500 futures expiring in June lost 0.4 percent to 1,295.90 at 11:51 a.m. in Tokyo. Japan’s Nikkei 225 Average retreated 4.5 percent while the Topix tumbled 5.9 percent, which would be the most since October 2008 on a closing basis.
U.S. stocks fell last week, sending the S&P 500 to the lowest level since Jan. 31, after American and Chinese reports damped optimism about the global economy. Equities pared their weekly decline on March 11 as fuel, metal and industrial companies helped the market overcome a global slump that followed the earthquake in Japan.
Lost production from the Tohoku region where the quake struck might not be enough to spur a recession, Bank of America Corp. said. Bank of Japan Governor Masaaki Shirakawa told reporters he’s ready to unleash “massive” liquidity starting this morning in Tokyo to assure financial stability.
Charles de Vaulx, a manager at New York-based International Value Advisers LLC, where he co-manages the $1.8 billion IVA International Fund including Japanese stock said, “The purely economic consequences will be modest: some reconstruction, some more government spending. No major international consequences, either, except maybe helping drive long-term rates higher. We do not expect to make any significant changes to our portfolio as a result of this tragedy.”
We hope the earthquake in Japan result don't give too big impact for finance and economical around the world.
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