Global Outlook Jan 11 2011

Global market Outlook

U.S. stocks dropped Monday on renewed concerns that Europe's debt crisis may not be over.

European markets were lower as yields on Portuguese, Belgian and Spanish bonds jumped ahead of an upcoming round of European bond auctions and new concerns that Portugal may be the next country to seek a bailout from the European Union. London's FTSE was losing 0.5%, and the DAX in Frankfurt was down by 1.4%

Hong Kong's Hang Seng shed 0.7% and China's Shanghai Composite lost 1.7% after a report said December exports from China rose by a less-than-expected 17.9% .

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