Friday, September 3, 2010

United States: the Fed does not expect big surprises, but the bulls in any case excluded themselves

Tuesday, February 23, 2010, 4:14
This news item was posted in Reviews and ideas category and has 0 Comments so far.

 

Tuesday, 26 January, the U.S. market finished the trading session in a small minus in spite of the fact that most of the auctions the index rose. In the course of the session contributed to the dominance of bulls released at 18:00 IST statistics on consumer confidence in January - the index rose 3 points to a mark of 55.9 points and was on average 4.5% better than expectations. Among-reporting companies were more of those who managed to beat forecasts - Apple, Travelers, Tellabs, Corning. Nevertheless, in the last hour of trading the oxen chose to take profits in anticipation of the coming meeting of the Fed. While a rate hike at this meeting, no one expects today”s session could go in unpredictable ways, because the investment environment are waiting for hints from the Fed with regard to phasing out the monetary incentive.

Following the session, the indicator of blue chips Dow Jones Industrial Average fell by 2.57 points, or 0.03% to a level of 10,194.29 points, the index is a broad market Standard Poor “s 500 has decreased by 4.61 points, or 0.42% to a mark 1,092.17 points and the index of high-technology Nasdaq Composite went in at minus 7.07 points, or 0.32% to 2,203.73 points mark.

On the commodity market, the March crude oil futures for light on the results of the auctions on NYMEX fell 0,7% to a level of $ 74.71 per barrel. Gold for February delivery, which added 0.2% to a level of $ 1,098.30 per troy ounce.

&l1000t;br>The financial sector led the correctional movement, stepping on 1,7% in the broad market index against the backdrop of continuing concerns about threats to Obama push hard for the regulation. Worse many looked the second-largest bank JPMorgan Chase - shares lost 2%.

second-largest U.S. telephone operator Verizon Communications has lost 1.7%, posting quarterly reports. Net loss totaled $ 653 million, or 23 cents per share, compared with a net profit of $ 1.24 billion a year earlier. Despite the fact that the growth of subscriber base as a whole did not disappoint analysts, carrying out a reduced payment to workers has led to losses. Quarterly earnings Verizon was slightly weaker than expectations.

The second-largest steel producer in the U.S. US Steel, yielded the palm of annual sales to a competitor Nucor, collapsed 11.8% since the publication of data on losses for the fourth quarter. Losses totaled $ 267 million and exceeded forecasts, while for the same period a year earlier was recorded a profit of $ 290 million in sales steel worker fell by 25%.

Apple shares added 1.4% due to the fact that the company was able to reassure its investors in sales growth.

Insurer Travelers boosted the market value of 2,7% against the backdrop of favorable data on operating profit.

supplier of network solutions Tellabs soared by 12% and became the foremost SP 500 index for the same reason - the quarterly reporting surpassed expectations.

Tuesday certainly was a day of dollar
Latin America: consumer confidence was the protection of China
Tax on the past will fight
The stock market has overestimated its ability

past week on global stock markets, and among them, and in Ukrainian, was generally marked by negative mood …


Forex - results of the day
The Ukrainian stock market rose Tuesday on thd3fe rallies Ukrnafta “, ignoring the dynamics of the world mixed sites
At the Davos World Economic Forum opened: main theme - post-crisis development
Influence the course of trading today will have statistic data on sales of new homes (18.00 IST) and oil reserves in the U.S. (18.30 Moscow time)
External background has a temporary return of bull market in Russia

You can leave a response, or trackback from your own site.

Leave a Reply