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Stocks, Irish Bonds Drop, Gold, Yen Rally on Europe Concern

Stocks slid, while Greek, Portuguese and Irish bonds tumbled, gold rose to a record and the yen surged to a 15-year high versus the dollar on concern Europe’s debt crisis will worsen. U.S. and German bonds rallied.

CANADA STOCKS-TSX falls on renewed European bank worries

Stocks to watch: September 8

The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified.

Stocks, U.S. Futures Fall, Bonds Rally on Europe Debt Concern

Stocks and U.S. index futures fell, the euro weakened while Treasuries and bunds rallied on concern Europe’s debt crisis may worsen. Oil and copper retreated.

Stocks to watch: Air NZ, Goodman Property, ING Property

Air NZ stocks rose yesterday after announcing new product options and slashed economy fares, Goodman Property has raised $45 million to repay bank debt and diversify funding, while ING Property has consolidated its portfolio by selling one property and purchasing another.