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Bad data for mortgage sector decreased US indexes

viliyana89 — Tue, 22 Jun 2010 12:20:44 +0000

Extremely poor sales figures of new homes in the U.S. in May, with sales of shares covered the stock exchanges in Asia and Europe, U.S. indexes drowned at the beginning of today’s session. Trading was volatile and in anticipation of the interest the Fed decision, which will be released at 21:15 am local time. The majority of economists expect the U.S. base rate to remain at historically low levels in the range of 0 to 0.25% for the fragile state of the economy. Even more important will be updated projections of the U.S. central bank for the country’s economic prospects, which will provide guidance on the direction of U.S. economy. The index of 30 largest companies and traded on Wall Street Dow Jones Industrial Average lost 0.3 percent to 10 266.62 points and a half hours after the start of the session. Broader S & P 500 in turn sank by 0.5% to 1 089.65 points, mainly under the weight of sales in the extractive and energy sectors. Technology companies fell 0.6 percent to 2 points 247.8 index for all companies by the exchange Nasdaq – Nasdaq Composite. Yesterday’s session brought three index decreases due to poor performance of the energy sector. The reason for this was the news that the administration of President Barack Obama plans to introduce new rules to regulate the sector because of the accident with BP oil rig in the Gulf of Mexico.
Fiscal crisis in Europe and the forthcoming meeting of leaders of the group G-20 in Toronto, also hold the securities markets under pressure since the beginning of this week. Oil prices dropped sharply on the New York Petroleum Exchange by 2.6 percent to 75.82 dollars a barrel, while gold cheaper by 0.9 percent to 228.40 dollars an ounce. The yield on 10-year U.S. government bonds fell to 3.18 percent to 3.22 percent on Tuesday.

The strong GDP growth shot up US indexes

viliyana89 — Wed, 27 Jan 2010 20:36:38 +0000

For 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.
Economic data today show that the index of business activity in the manufacturing sector in the Chicago area rose more than expected to 61.5 points in January to 58.7 points in December. This means that the business environment in the region continues to improve.

Deutsche Boerse will buy the share of Dow Jones in Stoxx

viliyana89 — Wed, 11 Nov 2009 17:30:38 +0000

The German exchange operator Deutsche Boerse and its Swiss partner SIX Group will pay 206.1 million EUR in cash to buy the share of Dow Jones & Company and become sole owners of the company to develop and supply index Stoxx Ltd. The deal includes an amount of 132.1 million euros for the shares of Dow Jones & Company in the Stoxx Ltd, which is approximately one-third of all capital index provider, and 74 million for intellectual property rights registered in the Stoxx Ltd. Dow Jones & Company, a corporation is part of News Corp Rupert Murdoch’s can still get 29 million euro against its share by mid-2011, if the results are satisfactory deal for the other two countries, said the Deutsche Boerse. Deutsche Boerse, SIX Group and Dow Jones & Company held a third of the capital of Switzerland-based Stoxx Ltd. After the sale to Deutsche Boerse owns 50% of the capital provider’s index plus one share. The deal will be finalized in the first quarter of 2010. SIX Group and Deutsche Boerse AG intends to establish a new company to perform the calculations of indexes Stoxx Ltd, in which the SIX Group will own 50 percent plus one share.
The Currently manages the Deutsche Boerse stock exchange in Frankfurt, the platform for derivatives trading Eurex, and its electronic platform Xetra used by several securities market, including the Bulgarian Stock Exchange.

The bank sector brought loses of European Indexes

viliyana89 — Mon, 19 Oct 2009 07:50:38 +0000

The indexes of the Old Continent ended with reductions this week for the last session on Thursday after pan-European index Dow Jones Stoxx 600 rose to its highest level in 12 months. Reason for this became worse-than-expected quarterly results at Sony Ericsson, General Electric and Bank of America. Financial companies in the composition of the Dow Jones Stoxx 600 contributed most to today’s drop the index. Dow Jones Stoxx 600, which monitors the securities markets in 18 western states, slid 0.7 percent to 245.58 points. Thus limit its stock measure ahead of the start of the week to 1.2 percent. With the sharp drop today distinguish the Exchange in Athens. The main Greek ASE index decreased by 2.2 percent to 2830 points after news that the Treasury may impose a single tax profits of banks and other companies. Thus the government hopes to reduce the large budget deficit of the country. Shares of National Bank of Greece, which is the largest credit institution in Greece, fell by 3.6 percent to 26.80 euros per share after the news. In Britain’s FTSE 100 was down by 0.6 percent to 5190 points, but the record weekly rise of 0.6 percent. Top losers were financial and extractive companies because of disappointing results at Bank of America and cheaper metals.
The index of blue chip CAC 40 in France and the German DAX, sank with a 1.5 percent by the end of trading today. Compared to last Friday both stock the measure are increased by 0,7 percent and 0,6 percent. Today it became clear that the surplus balance of trade in the euro area has shrunk by 1 billion euros in August compared with a trade surplus of 6 billion euros in the previous month. Exports decreased by 5.8 percent compared to July, while imports – by 1.3%.

Hardest drop of European Indexes for the week

viliyana89 — Wed, 14 Oct 2009 09:07:09 +0000

The European stocks today reported the strongest decline in a week following the unexpected drop in investor confidence in Germany. Shares in Barclays fell by 3,4 percent after analyst Meredith Whitney lowered its assessment of Goldman Sachs Group to “neutral” and spoke favorably about the banking sector. Total banking sector represented in the index Dow Jones Stoxx 600 fell with 1,3 per cent. Dow Jones Stoxx 600 fell 1% to 241.94 points as all 19 industry groups in the pan-European index retreated. Analysts commented that, once achieved, high levels of the indexes, any disappointing economic statistics could upset the market. Investors will look for signs of recovery in sales data in corporate reports. The CEO of Deutsche Bank Josef Ackermann told a news conference yesterday that the global financial industry and the economy remained “fragile” because of the risk of corporate bankruptcies and rising unemployment.
From Allianz do expect a decrease in stock markets since the economic recovery lags behind the surge in the indexes over the past few months. The French CAC index key 40 is decreased by 1.15 percent to 3801.39 points, the German DAX slid 1.19 percent to 5714.31 points and the British FTSE 100 – by 1.08 percent to 5154.15 points.

Dell leaded the decrease of today’s sales

viliyana89 — Wed, 15 Jul 2009 06:27:11 +0000

At the start of trading today Dell reduced the lead of technology shares. The second largest producer of computers decreased by 4.2% the price of its shares. National-Oilwell Varco Inc. and Freeport-McMoRan Copper & Gold Inc. increased by 2% its shares. CIT Group Inc. proud to be 22% after the lender said it is in talks with regulators to save. Goldman Sachs, which yesterday increased the price of its shares by 5.3 percent for striking arm of the analyzer Meredith Whitney, now traded after two-way announced record profits on a quarterly basis. The Index of Standard & Poor’s 500 to weigh less than 0.1 percent to 900.21 at 9.47 hours in New York following a rally by 1st of June. Index Dow Jones Industrial Average lost 15.20 points 0.2% to 8316.48 technological Nasdaq Composite index noted a decrease of 0.4 percent to 1786.95 points.
Intel Corp. and Citigroup Inc. are among over 30 companies in these S & P 500 Index, which is scheduled to report results this week.

Business conditions in USA are going better

viliyana89 — Tue, 07 Jul 2009 03:24:06 +0000

The index of activity in services in the U.S. in June and rose more than expected on the market. The index of the Institute for supply management (ISM) on the activity in the service sector in the U.S. in May rose to 47.0 points, its highest level since 9 months. Consensus expectations were for the market increase to 46.0 points in May after the index reached 44.0 points. Lowest level of 37.4 points indicator for activity in the service sector, which forms about 80 percent of U.S. economic activity, was reached in November last year. If the value is below 50, the indicator points to slowing the rate of economic development. Auxiliary indicators for employment in the services sector in the U.S. in May rose by 43.4 points to 39.0 points in May.
The index of new orders rose to 48.6 points from 44.4 points recorded for the previous month. The index of expected prices, which serves as an indicator of the movement of inflation rose to 53.7 points from 46.9 points in May. The overall index of business activity outside the U.S. industrial production for June rose to 49.8 points to 42.4 points in May. According to analysts report shows that business conditions are improving, but at the same time, slower growth suggests that customers delay decisions on major expenditures. However, analysts from the ISM which are requested to comment on the report believe that the U.S. economy might be stabilizing and that the second half of the year looks more positive than the first.

The index for employment fell in the USA

viliyana89 — Mon, 06 Jul 2009 21:11:57 +0000

The trend in the index for employment in the U.S. Conference Board in June fell by 0.8 percent on a monthly basis to 88.4 points from 89.1 points in May (downward revision of 89.9 points). The Annual index of the trend of employment in the U.S. for June fell by 21.6 percent. Gad Levanon of the Conference Board said that “compared with the beginning of the year falling trend of the index of employment has become much more moderate and therefore we expect jobs growth to resume around the end of 2009.” Really the situation is USA is getting better last weeks, but this is exactly due to the trend in the index for employment.
According to him, “But last month, leading indicators of employment are in general disappointing suggesting that the index of the trend of employment is still looking to form a bottom.