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.
1/31/11
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%.
1/27/11
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%.
1/25/11
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."
1/24/11
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.
1/20/11
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.
1/19/11
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%.
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