U.S.: stock pocket pulls no …
Jun 28th, 2009 | By admin | Category: Reviews and ideasOn Friday, June 26, trading in the stock markets in the United States passed a podospevshego package of macroeconomic data, reflecting the income and expenditure and the Americans' level of consumer confidence in May.
personal expenses of citizens in accordance with the expectations have increased at the modest 0.3%, while revenues grew by 1.4%, significantly exceeding the projected 0.3%, while core consumer price index rose by 0.1%. All this led to a level of personal savings reached in May with the highest mark in December 1993 to 6.9% after 5.6% in April, which once again demonstrated a trend of increased prudence Americans are reluctant to part with their money, both in terms of the consumer, so and for investment, which is a weak stimulus to the economy as a whole.
the course of exchange trading in negative affect, and communication about the treatment of Central Bank of China to the IMF to initiate a process of creating a single world currency in order to reduce dependence on former power of the dollar has lost.
negative perception of these facts have been somewhat narrowed the publication of the final index of consumer confidence from the University of Michigan for June, caught up in the end better than expected and the preliminary values.
impact of all these factors, coupled with the desire of investors to capture profits Weekend endom after a successful rally the previous day led to the end result of a triad of major indices in the win on the day of the week and was only Nasdaq, but Dow Jones and SP 500 suffered losses during the day and week-long scale.
index Dow Jones industrial average fell by 34.01 points or 0.40% to 8438.39 points, declining for the week amounted to 1.2%. Index of Standard Poor s 500 has decreased by 1.36 points or 0.15%, to close at 918.90 points, losing for the week amounted to 0.3%. Nasdaq Composite Index rose 8.68 points or 0.47% to the value of 1838.22 points, adding in the week 0.6%.
major division in the American economy Top-30 most of the companies (19) finished in the red zone, among whom were leaders of the energy industry, and Exxon mobil (-1.19%) and Chevron (-1.38%), retreated to communication with falling oil prices, as well as aircraft giant Boeing Corp. (-1.53%), Lishivshiysya half an order for 30 aircraft from the 787 Dreamliner Airlines Qantas Airways due to constant delays in the launching of new aircraft.
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largest U.S. media company CBS has dropped by 1.9% due to lowering of the forecast revenue and market value of the company by analysts Sanford C. Bernstein Co due to the deterioration in the 2 nd quarter of the advertising and publishing business.
leading U.S. manufacturer of car seats for the Lear Corporation fell 27.8% in the light of preparations for the procedure for registration of bankruptcy.
One of the world's leading manufacturers of computer hard drives Seagate Technology rose as a result of trades at 8.1% due to upward revisions to forecast quarterly sales background to improve the situation of demand and rising prices for manufactured products.
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manufacturer of integrated circuits Standard Microsystems increased by 7%, as profits decline in the 2 nd quarter should be less than analysts predicted values.
One of the leading pharmaceutical companies in the production of insulin for diabetes drug Sanofi-Aventis suffered a total loss of 7.3% in connection with the publication of these European studies, indicating a possible increase in the probability of cancer with long-term use of insulin preparations of this company.
price of futures on gold with delivery in June as a result of trades on the COMEX rose by 1.60 dollars or 0.2% to values of 940.70 dollars per troy ounce.
Following the completion of Friday trading in futures on gold with delivery in June, the most active futures contract position at the gold with delivery in August, which are also grown up by 0.2% to 941.00 dollars per troy ounce, having made gains in the week to 0.6% after 3 consecutive failed series.
price of oil futures on Light brands with delivery in August as a result of trades on the NYMEX fell by 1.07 dollars or 1.5% to 69.16 dollars per barrel.
Overall, the week of August futures price of oil fell by 1.2%, causing the loss of 2 nd week in succession, against the backdrop of heightened concern for the prospects of energy demand. However, as a result of months culminating in the price of black gold due to good start in the 1 st half of June, still continues to exceed more than 3% of the May level.
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