20100816 1144 Global Market News.

Asian shares slide as Japan's growth stalls
SINGAPORE, Aug 16 (Reuters) - Asian shares fell after data showed Japan's economic growth stalled in the second quarter, adding to worries that a global recovery is quickly faltering and prompting investors to sell riskier assets.
"The GDP figures were bad, especially for what it suggests about deflation," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Morgan Stanley Securities.
 
GLOBAL MARKETS: Pessimism trumps data, euro and U.S. stocks fall
NEW YORK, Aug 13 (Reuters) - U.S. and German economic data looked promising on Friday, but pessimism regarding the global economic recovery pushed the euro to a three-week low and led to Wall Street's worst week in a month and a half.
"We've seen a succession of bad news this week that was punctuated by the Fed's comments, so while we have some semblance of self-sufficiency, it's clear we'll be in a slow-growth period for a long time," said Steven Baffico, senior managing director at Claymore Securities in Lisle, Illinois.

Shares, euro dip, investors lock in post-GDP gain
LONDON, Aug 13 (Reuters) - European stocks fell while the euro also slipped as assets considered to be higher risk relinquished early gains after initial euphoria from a surprisingly strong German economic growth data fizzled out.
"The broadening perception is that the strong GDP represents the peak of the bounce (in the economic recovery)," said Ashraf Laidi, chief markets strategist at CMC Markets.

U.S. jobless claims rise highlights economy's ills
WASHINGTON, Aug 12 (Reuters) - The number of U.S. workers  filing new claims for jobless benefits unexpectedly rose last week to the highest level in close to six months, the latest evidence the economy's recovery is faltering.
Thursday's data came two days after the Federal Reserve spooked investors by downgrading its assessment of the economy. The increase in jobless claims added to worries in the stock market, which has failed to make any gains this year.

German juggernaut propels euro zone GDP jump
DUBLIN, Aug 13 (Reuters) - European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.
A forecast-beating surge in German gross domestic product combined with a solid if less impressive rise in France to push the aggregate GDP growth rate of the 16-country euro zone to 1.0 percent from the previous quarter and past that of the United States, which is showing signs of flagging.

Shares, euro dip, investors lock in post-GDP gain
LONDON, Aug 13 (Reuters) - European stocks fell while the euro also slipped as assets considered to be higher risk relinquished early gains after initial euphoria from a surprisingly strong German economic growth data fizzled out.
"The broadening perception is that the strong GDP represents the peak of the bounce (in the economic recovery)," said Ashraf Laidi, chief markets strategist at CMC Markets.