World Market Report

Buenos Aires stocks dip 1.2%. Buenos Aires’ Merval index reaches 1.649,50 points. The leading stock panel increases 3.9% in June, climbs 52.8% in 2009.

Argentine bonds gain. Bonar V climbs 2.7%; Boden 2012 increases 2.2%, Boden 2014 rises 2.6%.

The São Paulo Stock Exchange increases 0.04% in June. Meanwhile, US dollar drops by 1.6%, stands at R$ 1.920.

The Dow moved into positive territory for the year for the first time since early January on Friday, lifted by defensive sectors like pharmaceuticals while a disappointing outlook from National Semiconductor (NSM.N) weighed on technology stocks.

FTSE ends down 0.5 pct. Britain’s top share index lost 0.5 percent on Friday as weakness in heavyweight commodity stocks offset gains from pharmaceuticals, with investors still cautious on the prospects for a sustained economic recovery.

European shares end down, snap 3-day winning run. European shares fell on Friday, snapping a three-day winning streak, as softer commodity prices weighed on energy and mining stocks, though demand for pharmaceuticals offered support. The FTSEurofirst 300 .FTEU3 index of top European companies closed down 0.2 percent at 885.75 points, after hitting its highest closing level in five months on Thursday. It has gained 1.5 percent this week. Volumes on the pan-European index were about 75 percent of its 90-day average daily volume.

Nikkei adds 1.6 pct. The latest round of Chinese economic data, released during the midday break, showed factory output growth rebounded in May alongside stronger expansion in credit and consumer spending, bolstering evidence that the world’s third-largest economy is on the path to recovery.