OREANDA-NEWS. April 11, 2012. The US indices mostly fell on Tuesday. S&P 500 Index lost 1.71% while Russell was down by 2.4% with Financials (-2.13%), Consumer Discretionary (-2.44%) as the laggards. Put/call ratio was at 1.27 and 90-110% skew was at 10.85. Advance/Decline ratio was at 17/482 – bears were the strongest since the start of the year.

Spain bailout concerns triggered wide sell-off in the European stocks. US Wholesale inventories inched up by 0.9% vs consensus forecast of a 0.5% rise.

Asian indices were mixed on Wednesday. Japanese Nikkei was down by 0.83%. Hang Seng was down by 1.06%. S&P/ASX 200 lost 1.08%, Kospi was down by 0.13%. Chinese indices rose on average by 0.6-1.6% as car sales topped estimates.

The European indices are bouncing at the start of the session, with Banks as the leaders after the recent upgrades from the analysts.