2010/12/15

Morning: the broader market turned higher positive U.S. data

The United States turn up on Wednesday morning. Although the euro zone debt crisis renewed fears, but U.S. economic data show that inflationary pressures are still almost non-existent, the New York area manufacturing sector has also improved.

At 10:53 on December 15 EST, the Dow Jones industrial average rose 37.77 points to 11,514.31 points, or 0.33%; the Nasdaq composite index rose 14.38 points to 2,642.10 points, or 0.55%; the S & P 500 Index rose 2.17 points to 1,243.76 points, or 0.17%.

Lower energy and financial sector. Consumer goods sector increase. Dow component Caterpillar (CAT) rose 1.2%, JP Morgan Chase (JPM) fell 0.6%, GE fell 0.6%.

Moody's Investors Service, said the Spanish government debt or to cut ratings on the grounds that the challenging financing needs next year, the Spanish banking sector and the local to the government's prospects are very complex. Standard & Poor's rating agencies will also be Belgium's debt rating outlook from "stable," citing "not optimistic."

Affected by the news as investors worried about the debt crisis of the euro zone sentiment continued to improve, primarily the euro area worry about the edges of the debt crisis of the small national economies such as Greece, more central to the spread of a big country. The euro dropped to 1.3331 against the dollar.

Standard & Poor's rating agencies lowered ratings of Belgium, warns that if the country within 6 months can not form a new government, its debt rating may be lowered one grade.

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