Cafom publishes an annual turnover of 187.3 million euros in the first nine months of fiscal 2010-2011, a 7% rebound.
The company specializes in household goods in overseas and selling furniture on the Internet in France stated that "the traditional distribution business overseas continues to live at the rate of local consumption fragile and irregular ".
Thus, at the end of December, on a comparable basis, sales increased 1% to 148.9 million euros.
Sales of business e-commerce, they rose 40% to 38.4 million euros, after the first nine months of the year.
Cafom confirms its target of annual turnover of 240 million euros.
2011/2/8
China's central bank to raise interest rates nearly three weeks of record high gold
In China's central bank to raise interest rates again to curb inflationary pressures in the context of the New York Mercantile Exchange gold futures closed higher on Tuesday.
Among them, the April gold contract rose $ 15.90, or about 1.2%, to close at 1,364.10 U.S. dollars / ounce, the highest since January 19 this year, a new high.
Among them, the April gold contract rose $ 15.90, or about 1.2%, to close at 1,364.10 U.S. dollars / ounce, the highest since January 19 this year, a new high.
2011/1/31
Late afternoon: U.S. stocks Mobil positive earnings
U.S. stocks rose slightly late on Monday. Investors in the volatile situation in North Africa, to wait and see attitude. Exxon Mobil earnings and better than expected economic data boosted market sentiment.
EST at 15:13 on January 31, the Dow Jones industrial average rose 43.98 points to 11,867.68 points, or 0.37%; the Nasdaq composite index rose 11.11 points to 2,698.00 points, or 0.41%; Standard & Poor's 500 index rose 8.52 points to 1,284.86 points, or 0.67%.
JP Morgan Chase Foundation (JP Morgan Funds), chief market strategist David - Kelly (David Kelly) that "On the whole, in view of the situation in Egypt today, U.S. stock market performance is quite satisfactory."
However, he said, "We can not always assume that news of the day the market will make a logical response." He pointed out that recent data show that mutual fund investors in January which is continuing to transfer funds out of bond funds , to invest in the stock market.
Monday, the Dow is likely to achieve the first time in four years, 1 month closing high on line, and harvest the best performance since 1997 in January. So far this month, the Dow has risen more than 2%. S & P 500 Index so far this year has risen by 2%, the Nasdaq rose 1%.
EST at 15:13 on January 31, the Dow Jones industrial average rose 43.98 points to 11,867.68 points, or 0.37%; the Nasdaq composite index rose 11.11 points to 2,698.00 points, or 0.41%; Standard & Poor's 500 index rose 8.52 points to 1,284.86 points, or 0.67%.
JP Morgan Chase Foundation (JP Morgan Funds), chief market strategist David - Kelly (David Kelly) that "On the whole, in view of the situation in Egypt today, U.S. stock market performance is quite satisfactory."
However, he said, "We can not always assume that news of the day the market will make a logical response." He pointed out that recent data show that mutual fund investors in January which is continuing to transfer funds out of bond funds , to invest in the stock market.
Monday, the Dow is likely to achieve the first time in four years, 1 month closing high on line, and harvest the best performance since 1997 in January. So far this month, the Dow has risen more than 2%. S & P 500 Index so far this year has risen by 2%, the Nasdaq rose 1%.
2011/1/27
27, the three major New York stock market index rose
Although the number of initial claims for unemployment benefits rose last week, but due to higher than expected performance of the company, 27 three major U.S. stock indexes to rise at close.
27 U.S. Department of Labor announced, as of January 22, when the weekly initial claims for unemployment benefits increased by 5.1 million to 45.4 million, well above market expectations. The Labor Department said initial claims for unemployment benefits the current round of the unexpected rise in very cold weather may be due to short-term unemployment of factors.
Meanwhile, the U.S. real estate brokers association bulletin, signed in December of second-hand housing sales index up 2% qoq. The item data also higher than the market this chain is expected to drop 0.5%. November sales of second-hand housing index ring sign was an increase of 3.5%.
Performance of the company, the telecommunications giant AT & T announced its fourth-quarter profit, slightly better than market expectations, but revenue slightly below expectations. Heavy machinery maker Caterpillar reported fourth-quarter profit from 232 million last year rose to 968 million, beating market expectations.
In addition, Standard & Poor's lowered Japan's long-term sovereign credit rating to AA-, that the Japanese government to reduce the debt burden of 11 trillion anxiety. Japan's debt will grow to two of the gross domestic product.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day up 4.39 points to close at 11,989.83 points, or 0.04%. Standard & Poor's 500 index rose 2.91 points to close at 1299.54 points, or 0.22%. The Nasdaq composite index rose 15.78 points to close at 2755.28 points, or 0.58%.
27 U.S. Department of Labor announced, as of January 22, when the weekly initial claims for unemployment benefits increased by 5.1 million to 45.4 million, well above market expectations. The Labor Department said initial claims for unemployment benefits the current round of the unexpected rise in very cold weather may be due to short-term unemployment of factors.
Meanwhile, the U.S. real estate brokers association bulletin, signed in December of second-hand housing sales index up 2% qoq. The item data also higher than the market this chain is expected to drop 0.5%. November sales of second-hand housing index ring sign was an increase of 3.5%.
Performance of the company, the telecommunications giant AT & T announced its fourth-quarter profit, slightly better than market expectations, but revenue slightly below expectations. Heavy machinery maker Caterpillar reported fourth-quarter profit from 232 million last year rose to 968 million, beating market expectations.
In addition, Standard & Poor's lowered Japan's long-term sovereign credit rating to AA-, that the Japanese government to reduce the debt burden of 11 trillion anxiety. Japan's debt will grow to two of the gross domestic product.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day up 4.39 points to close at 11,989.83 points, or 0.04%. Standard & Poor's 500 index rose 2.91 points to close at 1299.54 points, or 0.22%. The Nasdaq composite index rose 15.78 points to close at 2755.28 points, or 0.58%.
2011/1/25
IMF: financial instability is still the biggest risk in 2011
International Monetary Fund (IMF) on Tuesday released the latest assessment of the global financial crisis, the report said economic growth in developing countries in 2011 will double to 6.5%, but financial instability is still the biggest risk this year.
According to the International Monetary Fund country report of the organization, the International Monetary Fund to increase the overall global economic output in 2011 forecast, global economic growth is expected to increase 4.4%. The next two years, developed economies will grow 2.5%, while emerging markets and developing countries is expected to grow 6.5% during the same period, of which China's economic growth will come out on top, to 9.6%.
International Monetary Fund, financial adviser Jose - Wiener Falls (Jose Vinals) warned that the continued failure to promote the implementation of the reform, there is a risk of economic fluctuations. Emerging market and developing economies will continue to face upward pressure on commodity prices, while the developed economies, inflation will not occur. Meanwhile, the International Monetary Fund estimates oil prices will rise to 90 dollars per barrel, non-oil commodity prices will rise 11 percentage points.
International Monetary Fund chief economist Olivier - Blanchard (Olivier Blanchard), said: a lot of capital into emerging markets is both a blessing and a potential curse. While emerging markets offer cheap imported goods, but faces the risk of overheating.
Blanchard said: "The rapid development of emerging countries and favorable growth prospects, but in fact, due to relatively lower rates of advanced economies, which triggered a large number of institutions willing to put money into emerging markets."
According to the International Monetary Fund country report of the organization, the International Monetary Fund to increase the overall global economic output in 2011 forecast, global economic growth is expected to increase 4.4%. The next two years, developed economies will grow 2.5%, while emerging markets and developing countries is expected to grow 6.5% during the same period, of which China's economic growth will come out on top, to 9.6%.
International Monetary Fund, financial adviser Jose - Wiener Falls (Jose Vinals) warned that the continued failure to promote the implementation of the reform, there is a risk of economic fluctuations. Emerging market and developing economies will continue to face upward pressure on commodity prices, while the developed economies, inflation will not occur. Meanwhile, the International Monetary Fund estimates oil prices will rise to 90 dollars per barrel, non-oil commodity prices will rise 11 percentage points.
International Monetary Fund chief economist Olivier - Blanchard (Olivier Blanchard), said: a lot of capital into emerging markets is both a blessing and a potential curse. While emerging markets offer cheap imported goods, but faces the risk of overheating.
Blanchard said: "The rapid development of emerging countries and favorable growth prospects, but in fact, due to relatively lower rates of advanced economies, which triggered a large number of institutions willing to put money into emerging markets."
2011/1/24
OPEC to increase crude oil export market, oil price worries ended down 1.4%
Amid worries that OPEC (OPEC) to increase crude oil export volume, the New York Mercantile Exchange crude oil futures closed down 24.
Among them, the March crude oil futures fell $ 1.24, or 1.4%, to $ 87.87 / barrel.
Saudi Oil Minister Ali Naimi (Ali al-Naimi) Monday night is expected, oil prices will continue to stabilize in 2011.
Naimi said the average daily global oil demand in 2011 is expected to increase 150-180 million barrels. Global oil demand will mainly come from China, India. U.S. demand will slightly increase.
It should be noted that, Naimi also said that about 60% of Saudi crude oil exports go to Asia. Saudi Arabia and exports to Asia the next few years is expected to grow further.
Naimi believes that non-OPEC countries are expected to continue to increase crude oil output, crude oil surplus production capacity in 2011 expected to be approximately 400 million barrels / day; and expected OPEC spare capacity remained at 600 million barrels / day.
Among them, the March crude oil futures fell $ 1.24, or 1.4%, to $ 87.87 / barrel.
Saudi Oil Minister Ali Naimi (Ali al-Naimi) Monday night is expected, oil prices will continue to stabilize in 2011.
Naimi said the average daily global oil demand in 2011 is expected to increase 150-180 million barrels. Global oil demand will mainly come from China, India. U.S. demand will slightly increase.
It should be noted that, Naimi also said that about 60% of Saudi crude oil exports go to Asia. Saudi Arabia and exports to Asia the next few years is expected to grow further.
Naimi believes that non-OPEC countries are expected to continue to increase crude oil output, crude oil surplus production capacity in 2011 expected to be approximately 400 million barrels / day; and expected OPEC spare capacity remained at 600 million barrels / day.
2011/1/20
SEC proposes three options enhance the investment adviser regulation
U.S. Securities and Exchange Commission (SEC) has submitted to Congress a report, asking Congress to enhance the investment adviser regulatory measures on the best way to make a decision, because the Commission is reducing the resources available.
Securities and Exchange Commission said in a report in this study, the Committee "staff that the Commission is likely to be in the near or long term do not have enough capacity to registered investment advisers have been effective, often enough regulation." Report gives the regulatory measures to enhance the investment adviser may be taken three ways, by the Congress to decide which way is best.
Securities and Exchange Commission staff listed in the report are three ways to authorize one or more self-regulatory organization of registered investment adviser regulation, subject to this or these organizations need to control the Securities and Exchange Commission; to those who have Securities and Exchange Commission registered investment advisers charge a fee to help finance the supervision of the Committee on their activities; authorized U.S. Financial Industry Regulatory Authority (FIRA) to double up on the regulation of investment advisers, investment advisers not only to sell them financial products, also provides consultancy services.
Securities and Exchange Commission on how to strengthen the research investment adviser regulatory measures is based on U.S. President Barack - Barack Obama (Barack Obama) as the official legislation signed last year, "Dodd - Frank Finance Reform Act," carried out, the bill has been in the last year July implementation, the aim is to overhaul the U.S. financial sectors. At present, the investment adviser is only responsible for the supervision by the Securities and Exchange Commission, but because of lack of resources and funding reasons, the Commission is difficult to be checked regularly.
Securities and Exchange Commission said in a report in this study, the Committee "staff that the Commission is likely to be in the near or long term do not have enough capacity to registered investment advisers have been effective, often enough regulation." Report gives the regulatory measures to enhance the investment adviser may be taken three ways, by the Congress to decide which way is best.
Securities and Exchange Commission staff listed in the report are three ways to authorize one or more self-regulatory organization of registered investment adviser regulation, subject to this or these organizations need to control the Securities and Exchange Commission; to those who have Securities and Exchange Commission registered investment advisers charge a fee to help finance the supervision of the Committee on their activities; authorized U.S. Financial Industry Regulatory Authority (FIRA) to double up on the regulation of investment advisers, investment advisers not only to sell them financial products, also provides consultancy services.
Securities and Exchange Commission on how to strengthen the research investment adviser regulatory measures is based on U.S. President Barack - Barack Obama (Barack Obama) as the official legislation signed last year, "Dodd - Frank Finance Reform Act," carried out, the bill has been in the last year July implementation, the aim is to overhaul the U.S. financial sectors. At present, the investment adviser is only responsible for the supervision by the Securities and Exchange Commission, but because of lack of resources and funding reasons, the Commission is difficult to be checked regularly.
2011/1/19
Poor performance of the company U.S. stocks dragged lower
Since the day of announcement of results of large investors can not be satisfied, 19 New York stock market suffered considerable pressure by the close, the Dow Jones index fell 0.1%, but the S & P and Nasdaq index's decline of 1% in above.
The market price the day of the basic earnings still dominate. Morning Goldman Sachs announced that its fourth-quarter profit fell 53%, in line with market expectations, but the company's operating income and is not expected. Citibank announced the day before, after a disappointing performance, poor earnings at Goldman Sachs and further dampen the investors to do more for the banking sector's enthusiasm, affected, after another day of big bank shares fell, dragging the main index lower.
In addition, although Apple and IBM, are released after the close of the previous session's strong performance, but the trend of technology stocks is rather weak that day, mainly because many investors in the stock shot up after the recent profit-taking, to the whole create a larger pressure plate, causing the tech-heavy Nasdaq index was significantly weaker than the performance of other indices.
Some analysts have pointed out that the company's recent earnings report, and not bad in general, the stock market fell mainly because the market had some high expectations for company performance, in this case, the stock market may face some short-term pullback pressure.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 12.64 points to close at 11,825.29 points, down 0.11%. Standard & Poor's 500 index fell 13.10 points to close at 1281.92 points, down 1.01%. The Nasdaq composite index fell 40.49 points to close at 2725.36 points, down 1.46%.
The market price the day of the basic earnings still dominate. Morning Goldman Sachs announced that its fourth-quarter profit fell 53%, in line with market expectations, but the company's operating income and is not expected. Citibank announced the day before, after a disappointing performance, poor earnings at Goldman Sachs and further dampen the investors to do more for the banking sector's enthusiasm, affected, after another day of big bank shares fell, dragging the main index lower.
In addition, although Apple and IBM, are released after the close of the previous session's strong performance, but the trend of technology stocks is rather weak that day, mainly because many investors in the stock shot up after the recent profit-taking, to the whole create a larger pressure plate, causing the tech-heavy Nasdaq index was significantly weaker than the performance of other indices.
Some analysts have pointed out that the company's recent earnings report, and not bad in general, the stock market fell mainly because the market had some high expectations for company performance, in this case, the stock market may face some short-term pullback pressure.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 12.64 points to close at 11,825.29 points, down 0.11%. Standard & Poor's 500 index fell 13.10 points to close at 1281.92 points, down 1.01%. The Nasdaq composite index fell 40.49 points to close at 2725.36 points, down 1.46%.
Obama ordered the Government to review employment insurance regulatory guidelines
Obama announced he was taking the program marks the latest step to repair the federal government and the relationship between the companies, this relationship has Yinaobama financial regulatory system on Wall Street and health care system for comprehensive reform and the destruction of , some business leaders have said earlier, these reform measures would hamper the development of U.S. businesses.
Since last November the Democratic Party lost the midterm congressional elections in control of the House of Representatives, and the control of the Senate has also been weakened, Obama has been in the show a more "business friendly" stance. But Obama is not yet clear regulatory strategy for the latest operation in changing the way the federal government caused the problem will be how far-reaching effects.
Although Obama has made a commitment to regulatory review, but Obama had achieved the Government is creating a lot of legislative victories of the latest regulatory requirements, these provisions cover the service fee from the credit card to the medical insurance premium rate increases and even interfere with the business community and other fields. Obama said he would ask the next government must "ensure that the regulatory regulations to protect our safety, health and the environment while stimulating the U.S. economy to achieve growth."
The White House said the president also issued to all government agencies a memorandum calling for an increase and enhance the "transparency of regulatory compliance and accountability"; another memorandum pointed out that government agencies need to "at any possible time reduce the burden on small businesses. "
Since last November the Democratic Party lost the midterm congressional elections in control of the House of Representatives, and the control of the Senate has also been weakened, Obama has been in the show a more "business friendly" stance. But Obama is not yet clear regulatory strategy for the latest operation in changing the way the federal government caused the problem will be how far-reaching effects.
Although Obama has made a commitment to regulatory review, but Obama had achieved the Government is creating a lot of legislative victories of the latest regulatory requirements, these provisions cover the service fee from the credit card to the medical insurance premium rate increases and even interfere with the business community and other fields. Obama said he would ask the next government must "ensure that the regulatory regulations to protect our safety, health and the environment while stimulating the U.S. economy to achieve growth."
The White House said the president also issued to all government agencies a memorandum calling for an increase and enhance the "transparency of regulatory compliance and accountability"; another memorandum pointed out that government agencies need to "at any possible time reduce the burden on small businesses. "
Afternoon: the general decline in financial sector
U.S. stocks ended mixed Tuesday afternoon, the general decline in financial stocks. Banking giant Citigroup's disappointing earnings, Apple CEO Steve Jobs worried about the health of the market.
At 12:28 on Jan. 18 EST, the Dow Jones industrial average rose 59.94 points to 11,847.32 points, or 0.51%; the Nasdaq composite index rose 0.71 points to 2,756.01 points, or 0.03%; the S & P 500 Index fell 0.23 points to 1,293.01 points, down 0.02%.
Among the Dow 30 stocks, 13 stocks rose. As of Friday, the Dow has closed higher for 7 weeks and closed at a new high since mid-2008. Dow component Boeing (BA) rose 3.4% after the company announced another postponement of the first new Boeing 787 delivery.
Among S & P 500 index, natural resources and industrial sector performance excellence, the worst financial sector.
Apple (AAPL) fell 3.6%, due to sickness of the company CEO Steve Jobs may have aroused concern in the market. Apple will report earnings after the bell on Tuesday. IBM (IBM) will report earnings after the bell on Tuesday.
At 12:28 on Jan. 18 EST, the Dow Jones industrial average rose 59.94 points to 11,847.32 points, or 0.51%; the Nasdaq composite index rose 0.71 points to 2,756.01 points, or 0.03%; the S & P 500 Index fell 0.23 points to 1,293.01 points, down 0.02%.
Among the Dow 30 stocks, 13 stocks rose. As of Friday, the Dow has closed higher for 7 weeks and closed at a new high since mid-2008. Dow component Boeing (BA) rose 3.4% after the company announced another postponement of the first new Boeing 787 delivery.
Among S & P 500 index, natural resources and industrial sector performance excellence, the worst financial sector.
Apple (AAPL) fell 3.6%, due to sickness of the company CEO Steve Jobs may have aroused concern in the market. Apple will report earnings after the bell on Tuesday. IBM (IBM) will report earnings after the bell on Tuesday.
2011/1/15
Fitch lowered the credit rating to junk Greece
Credit rating agency Fitch Ratings (Fitch Ratings) on Friday said the agency decided to Greece's sovereign credit rating from "BBB-" cut to "BB +" The junk rating, and said the rating outlook to "negative" (Negative), which means that the future of the agency may cut its rating further.
Fitch Ratings noted that while in many ways, Greece's economic and financial performance have exceeded expectations, but the "heavy burden of public debt led to its financial solvency is vulnerable to adverse shocks." The agency further pointed out that "negative" rating outlook "reflects, Greece's public debt sustainability is still very fragile, and whether the re-financing through the market prospects can not be determined."
Fitch Ratings said that according to the European Union and the International Monetary Fund (IMF) bailout of the conditions in Greece, in 2012, the country must return to the international credit market for financing, but the target is facing a "high degree of uncertainty sex. "
Fitch Ratings noted that while in many ways, Greece's economic and financial performance have exceeded expectations, but the "heavy burden of public debt led to its financial solvency is vulnerable to adverse shocks." The agency further pointed out that "negative" rating outlook "reflects, Greece's public debt sustainability is still very fragile, and whether the re-financing through the market prospects can not be determined."
Fitch Ratings said that according to the European Union and the International Monetary Fund (IMF) bailout of the conditions in Greece, in 2012, the country must return to the international credit market for financing, but the target is facing a "high degree of uncertainty sex. "
Late afternoon: U.S. stocks financial stocks to exert a new record high 30 months
By the financial sector to promote broad based, late Friday, U.S. stocks continued to climb, the market at a 30-month high. JP Morgan Chase profit than expected U.S. industrial production and commercial sale of both improved and enhanced market confidence.
EST at 15:09 on January 14, the Dow Jones industrial average rose 49.69 points to 11,781.59 points, or 0.42%; the Nasdaq composite index rose 15.18 points to 2,750.47 points, or 0.55%; the S & P 500 Index rose 7.58 points to 1,291.34 points, or 0.59%.
Today, the highest intraday Dow climbed to 11,794.15 points, the highest since June 2008 intraday high. So far this week, the Dow has risen 0.9%, and the rally continued into the seventh consecutive week.
The Dow banking giant JP Morgan Chase (JPM) rose 2.4%. The company announced fourth-quarter profit rose 47%, exceeding analyst expectations, and expected future revenue growth, loan loss reserves substantially reduced.
Optimistic expectations by JP Morgan Chase Bank to promote the financial sector generally higher. Bank of America (BAC) rose 3.2%, the company will report fourth-quarter earnings next week. PNC Financial Services Group (PNC) rose 4.9%, Morgan Stanley (MS) rose 2.1%, Wells Fargo (WFC) rose 2.5%.
EST at 15:09 on January 14, the Dow Jones industrial average rose 49.69 points to 11,781.59 points, or 0.42%; the Nasdaq composite index rose 15.18 points to 2,750.47 points, or 0.55%; the S & P 500 Index rose 7.58 points to 1,291.34 points, or 0.59%.
Today, the highest intraday Dow climbed to 11,794.15 points, the highest since June 2008 intraday high. So far this week, the Dow has risen 0.9%, and the rally continued into the seventh consecutive week.
The Dow banking giant JP Morgan Chase (JPM) rose 2.4%. The company announced fourth-quarter profit rose 47%, exceeding analyst expectations, and expected future revenue growth, loan loss reserves substantially reduced.
Optimistic expectations by JP Morgan Chase Bank to promote the financial sector generally higher. Bank of America (BAC) rose 3.2%, the company will report fourth-quarter earnings next week. PNC Financial Services Group (PNC) rose 4.9%, Morgan Stanley (MS) rose 2.1%, Wells Fargo (WFC) rose 2.5%.
2011/1/13
U.S. crude oil futures ended down drag on employment data
New York Mercantile Exchange, crude futures fell 13, which, in February crude oil futures contract fell $ 0.46, or 0.5%, to $ 91.40 / barrel.
Session, the contract had hit $ 92.38 maximum / barrel, but then the pressure from weak U.S. jobs data eased rapidly.
Data showed last week's initial jobless claims increased to 445,000 chain, the number had raised to 410,000 a week, a record 445,000 new high since last October, while 3.5 million increment of a single week of the chain of record since last July Most.
MF Global analyst William Copp said the oil market is still overbought, price trends tend to continue to the next repair.
Session, the contract had hit $ 92.38 maximum / barrel, but then the pressure from weak U.S. jobs data eased rapidly.
Data showed last week's initial jobless claims increased to 445,000 chain, the number had raised to 410,000 a week, a record 445,000 new high since last October, while 3.5 million increment of a single week of the chain of record since last July Most.
MF Global analyst William Copp said the oil market is still overbought, price trends tend to continue to the next repair.
Survey the week of Jan. 12 Wall Street bull market sentiment fell
According to the American Association of Individual Investors weekly online poll, as of January 12 the week held bullish view on the U.S. stock market decline in the proportion of investors.
Views on the U.S. stock market bulls proportion of investors 55.88% the previous week fell to 52.34%, the proportion of investors holding the bear market point of view to 18.25% the previous week rose to 23.44%.
Survey, the U.S. stock market investors neutral point of view the proportion of 25.86% the previous week fell to 24.22%.
Views on the U.S. stock market bulls proportion of investors 55.88% the previous week fell to 52.34%, the proportion of investors holding the bear market point of view to 18.25% the previous week rose to 23.44%.
Survey, the U.S. stock market investors neutral point of view the proportion of 25.86% the previous week fell to 24.22%.
2011/1/12
JP Morgan CEO Dimon: More municipalities will go bankrupt
JP Morgan Chase (JPM) CEO Jamie - Damon (Jamie Dimon), said he expects more U.S. municipalities will go bankrupt, and strongly advocated in the total amount of 2.9 trillion municipal bond market is required to invest Cautious.
Dimon held yesterday in San Francisco Annual JPMorgan Healthcare Conference, said: "So far, 6 or 7 municipalities into bankruptcy. Unfortunately, I think that more municipalities will go bankrupt. "
Dimon held yesterday in San Francisco Annual JPMorgan Healthcare Conference, said: "So far, 6 or 7 municipalities into bankruptcy. Unfortunately, I think that more municipalities will go bankrupt. "
Fed Beige Book: Economic recovery in the job market is recovering moderately
The Fed on Wednesday released its latest Beige Book report. The report shows some signs that the U.S. job market may be recovered in the holiday shopping season, consumer spending and manufacturing growth to promote the U.S. economy in November and December last year, the growth, the U.S. company for its cautious outlook for 2011 optimism.
The report said: "Most of the area where the Fed is to some extent the job market seems to become stable, because the alleged activities of a number of moderate employment has occurred," or "is a series of industry plan."
Fed Beige Book report said the whole point of view, there is evidence that the U.S. economy at the end of moderate growth, mainly due to manufacturing, retail and non-financial services industry conditions improve. Report, including Atlanta and Chicago Federal Reserve Federal Reserve Federal Reserve, including the six areas were reported, its rate of economic growth in the region of "moderate"; including New York and Boston Federal Reserve Federal Reserve Federal Reserve, including the four areas were also reported that its where the region's economic situation has been "improved."
Fed in two other places, Minneapolis Federal Reserve reported that their region's economy "to continue its modest recovery process," reported the San Francisco Fed is the economic situation in their region, "further consolidated."
The report said: "Most of the area where the Fed is to some extent the job market seems to become stable, because the alleged activities of a number of moderate employment has occurred," or "is a series of industry plan."
Fed Beige Book report said the whole point of view, there is evidence that the U.S. economy at the end of moderate growth, mainly due to manufacturing, retail and non-financial services industry conditions improve. Report, including Atlanta and Chicago Federal Reserve Federal Reserve Federal Reserve, including the six areas were reported, its rate of economic growth in the region of "moderate"; including New York and Boston Federal Reserve Federal Reserve Federal Reserve, including the four areas were also reported that its where the region's economic situation has been "improved."
Fed in two other places, Minneapolis Federal Reserve reported that their region's economy "to continue its modest recovery process," reported the San Francisco Fed is the economic situation in their region, "further consolidated."
2011/1/11
Global stocks markets reporting season opener Xianyihouyang
Wall Street's earnings season with the arrival of European debt crisis for the global stock market panic is temporarily defused. Alcoa reported a 10-hours announcement, the company to profitability last quarter, earnings season for the U.S. stock market ignite hope. In addition, Japan announced it would buy the euro zone bonds, but also good for the global equity markets. By the above factors, the 11 Asia-Pacific and Europe, trading in the stock market performance of major stock indices generally better than the previous session.
As of 11 close, the Asia-Pacific region, Singapore, South Korea and Sri Lanka and other countries stock indexes rose slightly, Bangladesh is the former stock index plunged nearly 9% of the day soaring more than 15% conversion. Hong Kong's Hang Seng index rose 0.99%; Chinese Taipei Weighted Stock Index rose 1.29%. 11 European morning trading, the major indexes also rose across the board, Britain, France and Germany in the stock market gains ranging from 0.5 to 1 percent.
But the previous trading day, the global stock market is still in widespread panic in the fall. As has been reported that France and Germany put pressure on Portugal to the latter is to receive assistance, 10 markets in Europe intensified concerns about the debt crisis, global stock markets generally fell. One of Europe pan-European FTSEurofirst index index ended down 1% last week, the index rose 2% of the total. Outside the euro zone sovereign debt has the weight of exposure among the top bank shares fell. BNP Paribas, the Spanish international banks, Societe Generale and UniCredit fresh setback ranging from 2.7 to 5.7 percent, Greece's bank index by a whopping 6.6%. In addition, this week plans to sell bonds over euro zone countries, but also make the market worried about the debt crisis in the region warming.
As of 11 close, the Asia-Pacific region, Singapore, South Korea and Sri Lanka and other countries stock indexes rose slightly, Bangladesh is the former stock index plunged nearly 9% of the day soaring more than 15% conversion. Hong Kong's Hang Seng index rose 0.99%; Chinese Taipei Weighted Stock Index rose 1.29%. 11 European morning trading, the major indexes also rose across the board, Britain, France and Germany in the stock market gains ranging from 0.5 to 1 percent.
But the previous trading day, the global stock market is still in widespread panic in the fall. As has been reported that France and Germany put pressure on Portugal to the latter is to receive assistance, 10 markets in Europe intensified concerns about the debt crisis, global stock markets generally fell. One of Europe pan-European FTSEurofirst index index ended down 1% last week, the index rose 2% of the total. Outside the euro zone sovereign debt has the weight of exposure among the top bank shares fell. BNP Paribas, the Spanish international banks, Societe Generale and UniCredit fresh setback ranging from 2.7 to 5.7 percent, Greece's bank index by a whopping 6.6%. In addition, this week plans to sell bonds over euro zone countries, but also make the market worried about the debt crisis in the region warming.
Hedging demand-driven gold closed up slightly
New York Mercantile Exchange gold futures closed up 11. Among them, the February gold rose $ 10.2, or 0.7%, to close at 1,384.3 U.S. dollars / ounce.
HSBC Bank (HSBC) analyst James Steel said that while the ETF for partial settlement, but the gold market is still able to achieve higher, boosted by hedging demand for gold strong dollar is clearly greater than the negative impact on gold.
In addition, the market focus is the successful financing of Portugal was forced to accept the European Union (EU) and the International Monetary Fund (IMF) assistance.
Analysts said European countries of different responses to the debt crisis of the gold market will result in different effects.
French Foreign Trade Bank (Natixis) commodities analyst Nic Brown said: "European countries to address the debt burden in two ways. The first is to raise more money to bail out inflation, in which case investors choose to hold gold; But the other is to adjust the government borrowing with fiscal austerity, in which case investors into the gold market will eventually leave. "
HSBC Bank (HSBC) analyst James Steel said that while the ETF for partial settlement, but the gold market is still able to achieve higher, boosted by hedging demand for gold strong dollar is clearly greater than the negative impact on gold.
In addition, the market focus is the successful financing of Portugal was forced to accept the European Union (EU) and the International Monetary Fund (IMF) assistance.
Analysts said European countries of different responses to the debt crisis of the gold market will result in different effects.
French Foreign Trade Bank (Natixis) commodities analyst Nic Brown said: "European countries to address the debt burden in two ways. The first is to raise more money to bail out inflation, in which case investors choose to hold gold; But the other is to adjust the government borrowing with fiscal austerity, in which case investors into the gold market will eventually leave. "
Debt worries boost Europe back on the $ 1,370 gold
New York Mercantile Exchange gold futures closed slightly higher on the 10th, as investors have hedged the risk of the financial position of the euro area demand.
COMEX gold futures contract settlement prices in February rose $ 5.20, to 1,374.10 dollars an ounce, or 0.4%. Trading was quiet in the recent contract settlement price also rose $ 5.20, to 1,373.70 dollars.
Market is concerned about the fragile financial situation of the situation in Portugal, the country billions of euros this week plans to issue bonds. Analysts expect the transaction or Zaodaolengyu bonds, because the country's economic prospects make investors nervous.
BNP Paribas (BNP Paribas) analyst Anne-Laure Tremblay said: "The rise in bond yields increased the opportunity cost of holding gold, gold remains bullish after the end of short-term adjustment, the risk of sovereign debt payment this year, the city is still a key theme. "
Close: the deteriorating situation in Europe, U.S. stocks mixed on debt
EDT at 16:00 on January 10, the Dow Jones Industrial Average fell 37.31 points to close at 11,637.45 points, down 0.32%; the Nasdaq composite index rose 4.63 points to close at 2,707.80 points, or 0.17%; the S & P 500 index fell 1.75 points to close at 1,269.75 points, down 0.14%.
Most of the Dow 30 industrial stocks fell, including DuPont (DD) fell 1.7%. DuPont announced that it has agreed to 5.8 billion acquisition of the Danish manufacturer of food additives, Danisco A / S, which does not include the assumption of debt costs.
Duke Energy (DUK) announced it would worth 13.7 billion U.S. dollars in the stock swap acquisition of Progress Energy (PGN), the combined company will be known as Duke Energy, will become the largest U.S. utility companies, market capitalization reached 37 billion U.S. dollars.
Late Monday, aluminum giant Alcoa (AA) will be the first fourth-quarter earnings release, marked the listed companies reported earnings times to come.
The debt crisis continues to worsen the situation in Europe, according to weekend media reports, Portugal will be forced to seek assistance under the pressure. Greece and Ireland in the last year, requests for financial assistance to international agencies. Fears that Portugal and Spain will be the next target assistance.
Portugal is scheduled to be auctioned on Wednesday, government bonds, Spain and Italy will also conduct similar activities on Thursday. EU finance ministers will meet next Monday.
2011/1/6
U.S. December retail sales rose 3.2%, lower than expected by heavy snow
According to the report, U.S. U.S.
12 at the end of the storm swept across the northeastern United States U.S.
Macy is the first time in years in the December shopping season in the lower than expected, CEO Terry (Terry Lundgren), said the storm "destroyed" after the Christmas spending. Target 12 Retail 0.9% performance increase, far below the agency expected 3.9%; Gap's retail sales down 3%.
Affected by this news, the morning the S & P 500 Retail Index fell 1 percent to 503.98, Gap fell 1.60 to 20.63 U.S. dollars; Target fell 3.79 to 55.15 U.S. dollars, the largest decline in nearly two years.
Economic data suppressed by the beautiful gold fell
The New York Mercantile Exchange, gold closed down 6. Among them, the February gold contract fell 2.0 cents, or 0.2%, to close at 1,371.7 U.S. dollars / ounce.
Data showed the U.S.
Mitsubishi (Mitsubishi) analyst Matthew Turner said: "The strong U.S.
2011/1/5
Strong dollar three-week low on gold record
New York Mercantile Exchange (COMEX) price of gold futures on Wednesday (5) record low of three weeks, the dollar prices and strong U.S. employment data suppressed civil city of safe-haven buying in gold. However, the gold from the intraday low hit earlier, as investors chose bargains.
Data showed the U.S. private employment growth in December was much higher than expected U.S. data boost, making dollar-denominated commodities more expensive.
Private employment service agencies, according to ADP Employer Services report released Wednesday, the United States in December increased by 29.7 million people employed population is estimated to increase by 10 million people. November from a revised increase of 9.2 million, an initial value of 9.3 million. The data prompted a rebound in commodity prices across the board yesterday, commodity prices recorded the biggest drop in seven weeks since the one-day drop.
Team Asset Strategy Fund Portfolio Manager James Dailey said the improved economic performance in the New Year is the main reason for the price of gold fell.
COMEX 2 December gold contract fell $ 5.10, or 0.4%, to 1,373.70 dollars / ounce, after trading between 1,364-1,385.20 U.S. dollars / ounce.
Data showed the U.S. private employment growth in December was much higher than expected U.S. data boost, making dollar-denominated commodities more expensive.
Private employment service agencies, according to ADP Employer Services report released Wednesday, the United States in December increased by 29.7 million people employed population is estimated to increase by 10 million people. November from a revised increase of 9.2 million, an initial value of 9.3 million. The data prompted a rebound in commodity prices across the board yesterday, commodity prices recorded the biggest drop in seven weeks since the one-day drop.
Team Asset Strategy Fund Portfolio Manager James Dailey said the improved economic performance in the New Year is the main reason for the price of gold fell.
COMEX 2 December gold contract fell $ 5.10, or 0.4%, to 1,373.70 dollars / ounce, after trading between 1,364-1,385.20 U.S. dollars / ounce.
Late: the major indexes continue to rise
Driven by the positive economic data, U.S. stocks rose slightly late Wednesday. Labor market data and services more than expected ISM index, investors see hope for improvement in labor market conditions, the financial sector so generally higher.
At 15:41 on January 5 EST, the Dow Jones industrial average rose 28.38 points to 11,719.56 points, or 0.24%; the Nasdaq composite index rose 19.11 points to 2,700.36 points, or 0.71%; the S & P 500 Index rose 5.80 points to 1,276.00 points, or 0.46%.
Dow component Walt Disney (DIS) rose 2.3%. After Goldman Sachs (GS) to include "certain to buy" list, citing the company's expected performance under the theme park sector will recover.
Financial sector led the broader market. Financial stocks were the Dow, Bank of America (BAC) rose 2.1%, JP Morgan Chase Bank (BAC) rose 1.3%, American Express (AXP) rose 2.6%.
Investment institutions Capitol Securities Management, chief economist Kent - Engelke (Kent Engelke) said, "a general rise in financial shares the main reason is that economic data released today saw job growth people, the hope of mortgage risk reduction. There Many financial stocks are still affected by the risk of mortgage loans, it is because the market is worried that some people will be resumed because the debt default of the property as loan collateral. "
At 15:41 on January 5 EST, the Dow Jones industrial average rose 28.38 points to 11,719.56 points, or 0.24%; the Nasdaq composite index rose 19.11 points to 2,700.36 points, or 0.71%; the S & P 500 Index rose 5.80 points to 1,276.00 points, or 0.46%.
Dow component Walt Disney (DIS) rose 2.3%. After Goldman Sachs (GS) to include "certain to buy" list, citing the company's expected performance under the theme park sector will recover.
Financial sector led the broader market. Financial stocks were the Dow, Bank of America (BAC) rose 2.1%, JP Morgan Chase Bank (BAC) rose 1.3%, American Express (AXP) rose 2.6%.
Investment institutions Capitol Securities Management, chief economist Kent - Engelke (Kent Engelke) said, "a general rise in financial shares the main reason is that economic data released today saw job growth people, the hope of mortgage risk reduction. There Many financial stocks are still affected by the risk of mortgage loans, it is because the market is worried that some people will be resumed because the debt default of the property as loan collateral. "
2011/1/4
December U.S. auto sales end of four years of large-than-expected downturn
IHS auto analyst Rebecca - Linde Rand (Rebecca Lindland) says this shows a significant recovery in the automotive market. She said: "With GM, Ford and Chrysler have a really strong new products, market opportunities will change very much. "
At the same time, GM and Ford Motor Company announced in 2011 auto industry sales forecast report. GM forecasts, including medium and heavy vehicles, including 2011, the U.S. auto industry will sell 13 million -1350 million vehicles. GM said car sales in the United States gradually recover, but not soon return to the previous year sales reached 17 million years, the boom phase.
Ford projections, including medium and heavy vehicles, including, in 2011 U.S. car sales will reach 12.5 million -1350 million, the global car sales will reach 75 million -8500 million of the record.
Ford's chief economist, Ellen (Ellen Hughes) said: "The global economy has reached a dynamic phase. " GM vice president of U.S. sales, said that rising consumer confidence and bank lending more freely measures, will herald the beauty of car sales in 2011.
At the same time, GM and Ford Motor Company announced in 2011 auto industry sales forecast report. GM forecasts, including medium and heavy vehicles, including 2011, the U.S. auto industry will sell 13 million -1350 million vehicles. GM said car sales in the United States gradually recover, but not soon return to the previous year sales reached 17 million years, the boom phase.
Ford projections, including medium and heavy vehicles, including, in 2011 U.S. car sales will reach 12.5 million -1350 million, the global car sales will reach 75 million -8500 million of the record.
Ford's chief economist, Ellen (Ellen Hughes) said: "The global economy has reached a dynamic phase. " GM vice president of U.S. sales, said that rising consumer confidence and bank lending more freely measures, will herald the beauty of car sales in 2011.
Late afternoon: U.S. stocks after the Fed minutes were mixed
Traders said the Fed 2:00 EST (GMT 3:00) released December 14 meeting on interest rates were not significant in the unexpected place, the market and feeling a little relaxed.
The Fed in the minutes that the U.S. economy is slightly stronger rise in bond yields led to one of the reasons, but the decline in bond yields will affect the Federal Reserve to maintain low interest rates through the recovery efforts. In November 2010 the Federal Reserve announced a 600 billion U.S. dollars to buy Treasury plan, the so-called "second round of the quantitative easing policy", referred to as the "QE2". Fed officials said that despite the U.S. economic situation improved, but Fed officials "generally agreed that changes in economic prospects for the purchase of government bonds is not enough to make any adjustments made to the Scheme."
Investment institutions Evercore Wealth Management portfolio manager Bill - Vaughn (Bill Vaughn), said the slow recovery of the Federal Reserve agreed with the views of the economic situation for many market strategists are pleased, but the Federal Reserve sees no need for major adjustments in the quantitative easing policy stance and also let them more easily. Vaughan said that if the Fed suddenly change course, investors are certainly worried.
Minutes after the Fed announcement, U.S. Treasury prices mixed, with 2-year bond yields fell, the 10-year bond yields rose to 3.34%.
U.S. dollar against the euro and the yen higher. U.S. dollar index rose 0.4%. Crude oil futures prices fell below $ 90 a barrel, gold futures fell.
S & P 500 index among the materials sector fell sharply after the two major builders UBS rating on the stock from "buy" to "neutral", and pointed out that the two stocks in the fourth quarter of last year, has been rising prospects, and Government road construction has become uncertain demand outlook. Affected, Vulcan Materials fell 5.3%, Martin Marietta Materials fell 6.4%.
The Fed in the minutes that the U.S. economy is slightly stronger rise in bond yields led to one of the reasons, but the decline in bond yields will affect the Federal Reserve to maintain low interest rates through the recovery efforts. In November 2010 the Federal Reserve announced a 600 billion U.S. dollars to buy Treasury plan, the so-called "second round of the quantitative easing policy", referred to as the "QE2". Fed officials said that despite the U.S. economic situation improved, but Fed officials "generally agreed that changes in economic prospects for the purchase of government bonds is not enough to make any adjustments made to the Scheme."
Investment institutions Evercore Wealth Management portfolio manager Bill - Vaughn (Bill Vaughn), said the slow recovery of the Federal Reserve agreed with the views of the economic situation for many market strategists are pleased, but the Federal Reserve sees no need for major adjustments in the quantitative easing policy stance and also let them more easily. Vaughan said that if the Fed suddenly change course, investors are certainly worried.
Minutes after the Fed announcement, U.S. Treasury prices mixed, with 2-year bond yields fell, the 10-year bond yields rose to 3.34%.
U.S. dollar against the euro and the yen higher. U.S. dollar index rose 0.4%. Crude oil futures prices fell below $ 90 a barrel, gold futures fell.
S & P 500 index among the materials sector fell sharply after the two major builders UBS rating on the stock from "buy" to "neutral", and pointed out that the two stocks in the fourth quarter of last year, has been rising prospects, and Government road construction has become uncertain demand outlook. Affected, Vulcan Materials fell 5.3%, Martin Marietta Materials fell 6.4%.
2011/1/3
Survey into the U.S. commercial real estate investment of choice this year
American Real Estate Association of overseas investors (Association of Foreign Investors in Real Estate, hereinafter referred to as "AFIRE") investigation report released Monday said the overwhelming majority of foreign investors in the U.S. commercial real estate market as a leading investment objectives this year, and its As the best appreciation of the opportunity.
The annual survey, when asked which countries are optimistic about 2011, real estate investment, promising the United States the number of commercial real estate market, the overwhelming majority of respondents, representing the second largest commercial real estate market optimistic about the UK being investigated Of those four times.
The annual survey, when asked which countries are optimistic about 2011, real estate investment, promising the United States the number of commercial real estate market, the overwhelming majority of respondents, representing the second largest commercial real estate market optimistic about the UK being investigated Of those four times.
New Year's holiday good technology stocks led the gains made outside the European stock market
Into 2011, celebrate the coming of overseas stock markets have "good start." 3 Asia-Pacific region in general the major indexes rose, the same European stock markets early success, the tech sector as the day the market "leader." Asia-Pacific and European markets in the New Year period's outstanding performance, no doubt to the Chinese A-share market sent a "blessing."
3, Malaysia's stock market hit a record high, Singapore's stock market rose nearly eight-week high, South Korea and Indonesia and other countries in the stock market gains ranging from 0.93 to 1.43%. Technology stocks led the day into blocks, of which Samsung Electronics gained 0.95%, in the main outstanding performance in technology stocks. Day of trading in the same outstanding performance in Europe, major indexes rose in the range from 0.02 to 2.23 percent.
Throughout 2010, the auto sector is doing my part of the "male lead" in the auto stocks, led by strong horsepower, the perfect ending global stock markets. Last weekend, the 2010 global stock market to produce a perfect report card. Morgan Stanley Capital International Asia Pacific index has risen 15% in the year; Morgan Stanley Capital International World Index rose 10% year round. Three major U.S. stock indexes rose 13.7% annual average, European stock markets closed up 7.3% in the year.
European and American point of view from each section, the performance leader in the global automotive sector, banking, financial services sector performance is relatively backward. The S & P 500 index, S & P 500 index rose infrastructure largest agricultural machinery, the year rose nearly 70%, followed by the automotive and automotive Index Retail Index, or were about 68%. Educational services index, commercial printing and building materials index and the performance index is relatively weak, the annual decline in the range from 28.75 to 15.78 percent. In Europe, auto stocks as the big winner last year. European Stoxx 600 index of motor vehicles and parts rose 45% fresh, banking stocks declined the most, the year the European Stoxx 600 Bank Index fell 11%.
3, Malaysia's stock market hit a record high, Singapore's stock market rose nearly eight-week high, South Korea and Indonesia and other countries in the stock market gains ranging from 0.93 to 1.43%. Technology stocks led the day into blocks, of which Samsung Electronics gained 0.95%, in the main outstanding performance in technology stocks. Day of trading in the same outstanding performance in Europe, major indexes rose in the range from 0.02 to 2.23 percent.
Throughout 2010, the auto sector is doing my part of the "male lead" in the auto stocks, led by strong horsepower, the perfect ending global stock markets. Last weekend, the 2010 global stock market to produce a perfect report card. Morgan Stanley Capital International Asia Pacific index has risen 15% in the year; Morgan Stanley Capital International World Index rose 10% year round. Three major U.S. stock indexes rose 13.7% annual average, European stock markets closed up 7.3% in the year.
European and American point of view from each section, the performance leader in the global automotive sector, banking, financial services sector performance is relatively backward. The S & P 500 index, S & P 500 index rose infrastructure largest agricultural machinery, the year rose nearly 70%, followed by the automotive and automotive Index Retail Index, or were about 68%. Educational services index, commercial printing and building materials index and the performance index is relatively weak, the annual decline in the range from 28.75 to 15.78 percent. In Europe, auto stocks as the big winner last year. European Stoxx 600 index of motor vehicles and parts rose 45% fresh, banking stocks declined the most, the year the European Stoxx 600 Bank Index fell 11%.
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