January 2010
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Archive for January 27th, 2010

The strong GDP growth shot up US indexes

Wednesday, January 27th, 2010

USA TradeFor the last trading session this week in the United States began with strong increases for the three major indexes. The reason for this was the news that the U.S. economy grew by 5.7 percent over the last three months of 2009 This was the fastest growth rate since 2003. Investors welcomed the good financial results of Microsoft and Amazon. Before the start of trading today, it was clear that the profit of the software company has risen by 60% annually over the last quarter of 2009 to impressive 6.66 billion. Shortly after the online store Amazon announced that its net profit for the same quarter jumped by 71% to 384 million dollars. Shares of Microsoft became cheaper by 0.2 percent to 29.09 dollars on the New York Stock Exchange, while those of Amazon risen by 2% to 128.49 dollars on the stock exchange NASDAQ. The index of the 30 stock companies with the highest market capitalization in the U.S. Dow Jones Industrial Average rose by 1% to 10 222.41 points and a half hours after the beginning of the session. S & P 500 advanced by 0.9% to 1 094.31 points. Nasdaq Composite added 0.8% to 2 195.67 points. Optimism for stock and contribute the decision of the U.S. Congress to give the second term of Ben Bernanke to head the central bank of the largest world economy. This ended the uncertainty that hovers over financial markets in recent days.
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Business will repair when the recession leaves

Wednesday, January 27th, 2010

Ratan TataAfter the 2008 people’s confidence in the business collapsed due to recession, it marks a slight increase. Confidence in the business world has increased slightly last year. A large proportion of adult men, however, companies will move to the old ways of management, after the memory of the economic downturn fade, cited by Reuters. Around 54% of adult men surveyed by the consulting firm Edelman Trust Barometer, had confidence in the business in 2009, up from 50 percent in 2008, public image of corporations has improved most in the United States and Italy, in Russia had fallen. Following the credit crisis that shook the world economy and forced major financial institutions like Bank of America and Citigroup to turn to Washington for financial support, confidence in banks has fallen significantly. In the U.S., only 29% of respondents indicated that they have confidence in banks, which is significantly less than the 68 percent who believed the banks in 2006. The survey shows that people’s confidence in the UK, Germany and France also fell sharply, although at a slower rate.
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