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Global Shares Muted Ahead of Holiday   11/20 06:10

   Global shares were mostly lower in muted trading Monday ahead of the 
Thanksgiving holidays in the U.S., as gloom carried over from Friday's retreat 
on Wall Street.

   TOKYO (AP) -- Global shares were mostly lower in muted trading Monday ahead 
of the Thanksgiving holidays in the U.S., as gloom carried over from Friday's 
retreat on Wall Street.

   KEEPING SCORE: France's CAC 40 fell 0.1 percent in early trading to 
5,312.37, while Germany's DAX lost 0.3 percent to 12,959.45. Britain's FTSE 100 
lost nearly 0.4 percent to 7,352.88. U.S. shares were also set to drift lower, 
with Dow futures down nearly 0.2 percent at 23,281. S&P 500 futures were also 
down nearly 0.2 percent at 2,571.80.

   THE QUOTE: "Thanksgiving week in the U.S. and a rather light data calendar 
could set the stage for a fairly quiet week. But best not to confuse quiet for 
calm," says Vishnu Varathan of Mizuho Bank in Singapore.

   GERMAN ANGST: Germany faced an uncertain political future on Monday after 
weeks of talks on forming a new government collapsed amid dissension over 
climate change and migration policies. Chancellor Angela Merkel, who has led 
the country since 2005, was set to consult the country's president, raising the 
possibility of new elections.

   JAPAN TRADE: Japan's trade surplus fell more than 40 percent in October from 
a year earlier, despite strong growth in exports to China, the U.S. and the EU, 
as costs for imports of oil, gas and coal surged. Customs figures released 
Monday showed imports rose almost 19 percent from the same month a year earlier 
in October to 6.41 trillion yen ($57 billion) while exports were up 14 percent 
at 6.7 trillion yen ($59 billion). The resulting surplus of 285.4 billion yen 
($2.54 billion) compared with a 481.2 billion yen surplus a year earlier.

   ASIA'S DAY: Japan's benchmark Nikkei 225 index lost 0.6 percent to finish at 
22,261.76 and Australia's S&P/ASX 200 fell 0.2 percent to 5,945.70. South 
Korea's Kospi shed 0.3 percent to 2,527.67. Hong Kong's Hang Seng added 0.2 
percent at 29,260.31, while the Shanghai Composite index gained 0.3 percent to 
3,392.40. India's Sensex slipped 0.1 percent to 33,315.45 and markets in 
Southeast Asia were mixed.

   ENERGY: Benchmark U.S. crude added 8 cents to $56.79 a barrel in electronic 
trading on the New York Mercantile Exchange. It gained $1.36 a barrel on 
Friday, to $55.71 a barrel. Brent crude, used to price international oils, lost 
22 cents to $62.52 a barrel in London.

   CURRENCIES: The dollar fell to 112.02 yen from 112.09 yen. The euro slipped 
to $1.1762 from $1.1791.


(BE)

 
 
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