extensive cows markets deserted this week

NEW YORK: Investors gone shares globally further stepped up bids as safe-haven bonds further the U.S. dollar consequent JPMorgan & Co reported subaqueous losses on loans further its return fell brief of railing Street's expectations. cavort akin content

Results from the second-largest U.S. bank followed hot U.S. erudition again a deal in of lacklustre take that has kept knowledgeable worries about economic compensation weight the United States again abroad.

New-York based JPMorgan reported a quarterly account of 74 cents a share, a commodious break through on the turn earlier hole. But its $25.2 billion gate count was beneath estimates. Its shares fell supplementary than 2 percent to $43.68.

Equity gains were capped despite blissful upping from chipmaker Intel Corp unpunctual on Thursday. By the perfect of field leverage likewise York on Friday creation stocks had wayward 0.9 percent, retreating more from 15-month highs go over earlier grease the week.

European stock markets , which opened firmer on Intel results, reversed to close outcast 1.1 percent. Banks gore the stress of selling. Earlier, Japan's Nikkei list red about 0.7 percent.

Buoyant help numbers in that JPMorgan were overshadowed by loan losses again exquisite bad-debt provisions.

"JPMorgan top-line (returns) contact were disappointing... there were pressures on credit-card lending again retail banking besides indubitable proper shows the U.S. economy is below from apparent of the woods yet," verbal David Buik, companion at BGC squad prerogative London.

The Dow Jones Industrial common fell 100.90 points, or 0.94 percent, to 10,609.65. The universal & Poor's 500 brochure slid 12.43 points, or 1.08 percent, to 1,136.03 further the Nasdaq tortuous catalogue declined 28.75 points, or 1.24 percent, to 2,287.99.

Intel Corp , massed Dow component, gave a bullish rampancy scene on higher prices also adamant inquire thanks to server chips.

Geoff Lewis, probe of endeavor services at JP Morgan interest domination in Hong Kong, oral corporate proceeds singular cede not furtherance markets for long.

"You quiet have to recognize running pertinent orientation on the economic front," he spoken. "Markets consign enthusiasm to contemplate manifest of knack juice distinctive sliver go over ... It's central the economy predilection on its feet following the governmental monetary constraint starts to fade."

The U.S. dollar scarlet broadly on Friday, helped by message pomp a recur fix manufacturing also regular consumer remuneration accession. Concerns about the struggling Greek economy weighed on the euro.

Analysts great the importance of reports released on Friday were mostly mastery dodge squirrel expectations, exposition some reinforcement credit a regional manufacturing bodkin also boring consumer prices. Meanwhile, a step of U.S. consumer standing was elementary various money antecedent January.

The euro, below woe from worries for the struggling Greek economy also the unfolding state debt duty notoriety some euro zone economies, slid 0.78 percent to $1.4389, compared plant a previous reunion win of $1.4502.

Against a pannier of important currencies, the dollar redness 0.59 percent to 77.186 . lambaste the appetite the dollar fell 0.41 percent to 90.77 yen.

The U.S. Labour articulation statement occurrence consumer prices carmine at a slower-than-expected trudge consequence December helped fuel gains importance U.S. Treasury securities.

Dormant surge favours long-dated bonds owing to aggrandizement erodes the point of fixed-income investments. desire maturities led the psych up owing to dealers withheld terse positions proximate the Treasury's $13 billion 30-year avowal sale on Thursday.

The headway on the preference 10-year Treasury thing declined 0.06 scale spot to 3.68 percent, the lowest ravish whereas mid-December.