World Market Report

Buenos Aires stocks dip 4%.  Buenos Aires’ Merval index reaches 1.588,18 points. The leading stock panel drops 0.1% in June, climbs 47.1% in 2009.

Brazil’s Bovespa falls 1.4%. The São Paulo Stock Exchange reverts earlier upwards trend. It drops 3.5% in June. US dollar increases 0.7%, stands at R$1.966.

Wall St falls on mixed data. U.S. stocks slid on Tuesday as mixed economic data and Best Buy’s (BBY.N) disappointing
sales spurred worries about an anemic recovery.

The Dow Jones industrial average .DJI dropped 107.46 points, or 1.25 percent, to end unofficially at 8,504.67. The
Standard & Poor’s 500 Index .SPX fell 11.75 points, or 1.27 percent, to finish unofficially at 911.97. The Nasdaq Composite Index .IXIC lost 20.20 points, or 1.11 percent, to close unofficially at 1,796.18.

London’s top share index closed 0.1 percent higher on Tuesday, recovering only a small part of Monday’s sharp falls, as strength in defensive stocks was countered by falls in oils, miners, and banks.

At the close, the FTSE 100 .FTSE was up 2.56 points at 4,328.57, rallying slightly after touching a six-week closing low on Monday when it shed 2.6 percent, as the market’s risk appetite cooled and inflation factors came back into play The index has surged 25 percent since hitting a six-year trough in March, but is still down 1.9 percent for the year.

Europe stocks fall. European shares fell marginally on Tuesday, with weak banking shares offsetting a rise in defensive sectors, and amid mixed signals for economic recovery.

The FTSEurofirst 300 index of top European shares fell 0.1 percent to close at 862.41 points, having been as high as 870.47. The index is up 33.6 percent from the lifetime low it hit on March 9.

Nikkei has worst day in over 2 mths. Japan’s Nikkei average lost 2.9 percent on Tuesday for its worst one-day percentage loss in more than two months, with shares sold across the board amid investor worry about economic recovery as the yen advanced.