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Investing

Asia Sputters Upward, Europe Off At Open

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Asia stocks were mixed as concerned serviced that the grand bargain to fixed the sovereign problem in the EU drew increased skepticism

The Nikkei 225 was up 1.38% to 8,654. The Hang Seng was down .6% to 18,567.

According to MarketWatch, Hong Kong IPOs will hit a recent peak last week and this

The news site reports that

Last Friday, local luxury jeweler Chow Tai Fook priced its IPO at the bottom of its range. Both New China Life, China’s third-biggest life insurer and luxury auto dealer Baoxin Auto Group also had to cut pricing to the low end, while broker Haitong Seurities postponed its pricing until Monday.

Moody’s reported that euro area sovereign debt is still in question.

The FTSE 100 fell .36% at the open. The DAX was lower by .76% to 5,941. The CAC 40 was off .79% to 3,150. Data last week shows that all economies in the region were slowing, including Germany. Coupled with austerity, the EU could drop into a another recession.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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