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Most world markets see sell-off

21 April 2009 10:37 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Stocks pointed lower Monday as investors looked to lock in profits after a six-week rally and showed little reaction to a big high-tech buyout deal and better-than-expected results from Bank of America Corp, AP reported.
Oracle Corp. said it would acquire Sun Microsystems Inc. for $7.4 billion, while Bank of America posted a surprise profit.
Dow futures fell 112, or 1.4 percent, to 7,972. Standard & Poor’s 500 index futures fell 16.90, or 2 percent, to 849.90. Nasdaq 100 index futures fell 26.00, or 1.9 percent, to 1,326.00.
Bond prices mostly rose early Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.87 percent from 2.95 percent late Friday. The yield on the three-month T-bill, considered one of the safest investments, was unchanged at 0.13 percent from Friday.
n other market moves, the dollar was mixed against other major currencies, while gold prices rose.
Light, sweet crude fell $3.53 to $46.80 a barrel in electronic trading on the New York Mercantile Exchange.
Overseas, Japan’s Nikkei stock average rose 0.19 percent. In afternoon trading, Britain’s FTSE 100 fell 1.9 percent, Germany’s DAX index fell 3.3 percent, and France’s CAC-40 fell 3 percent.