martes, 31 de agosto de 2010

Southeast Asian stock exchanges closed lower

The stock exchanges in Southeast Asia had a day with negative results motivated by distrust of economic growth, with exceptions such as Thailand.

The Nikkei average sank to its lowest level in 16 months after its sharp fall of 3.55% driven by declines in Wall Street yesterday and a lack of confidence in the measures undertaken to curb the rise of the yen because the Asian stock closed lower..
The Nikkei index lost 325.20 points to 8824.06 units while the Topix index, which groups all the values of the first section, yielded 24.54 points, or 2.95% to 804.67 integersand the Southeast Asian stock closed lower.
The Shanghai Stock Exchange closed the day with a drop of 0.52% due mainly to losses of the securities of insurance companies and brokers.

Southeast Asian stock closed lower

The Shanghai Composite Index (convertible and non-convertible shares) ended its daily trading integers 2638.80, 0.52 or 13.86% less units below the previous asian stock close lower.
The benchmark Stock Exchange of Hong Kong, the Hang Seng lost 200.73 points, or 0.97% after which the whole stood at 20536.49.
Seoul's stock market closed with losses close to 1% yesterday down by the setbacks of the New York market, which particularly affected the technology stocks.The Kospi index of South Korean market fell 17.38 points, or 0.99% to close at 1742.75 integers, while the indicator Kosdaq technology stocks fell 1.38 points, or 0.30% up to 464.71 units.

Asian stock market lower

In Thailand, Bangkok's stock market grew by 3.54 units or 0.39% to bring the SET index in the mark of 913.19 points.In Singapore, the floor of the city-state whole fell 6.73 or 0.23%, which placed the Straits Times Index 2950.33 integersand asian stock close lower.

lunes, 30 de agosto de 2010

Yen rises across the board

The yen rose across the board on Monday after the Bank of Japan announced aggressive monetary easing measures to halt the yen's appreciation in an emergency meeting because he preferred a program only to expand the money supply.
Investors understand the measures as a symbolic gesture that will do little to stem the currency's rally, moving the pressure the Japanese government, for this act if the yen continues to rise.
Japan's currency touched an intraday high against the dollar and euro after the Bank of Japan governor, Masaaki Shirakawa, said after meeting with Prime Minister Naoto Kan that had not made any requests regarding the bank's monetary policy centralHe also declined to comment on recent exchange rate movements, following the escalation of the yen to 15-year highs against the dollar and a ceiling of nine years against the euro reached last week, which some investors took as a green light to continue buying yen.

Yen rises

"At the end of the day, extending the loan program and economic measures are too timid to produce a dramatic reversal in the rise of the yen," said Roberto Mialich, currency strategist at Unicredit in Milan.
Kan said the government will implement measures to help the economy using its reserves budget of 920,000 million yen.
Earlier, Shirakawa said that the monetary policy measures will be tied to the movement of the yen and stock markets, and that the Japanese currency's rally was due to risk aversion.
The extent of the Bank of Japan official comments encouraged investors to bet on long positions in yen, and that the comments were seen as a sign that Japan's foreign exchange intervention is not imminent.
At 1032 GMT, the dollar fell 0.7 percent on the day at least the day of 84.62 yen according to Reuters data. The dollar sank from the roof of the meeting at around 85.90 yen before Japan's central bank announced its decision.

Yen Japan`s currency

"People are betting on new short positions in the dollar / yen, after having reduced their long exposure before the meeting," said Niels Christensen, senior currency strategist at Nordea in Copenhagen.A trader in London said stop loss orders to sell dollars under the 84.90 yen accelerated the fall of the dollar.
The euro fell to about 1 percent to around 107.50 yen. The single currency lost 0.4 percent against the dollar, 1.2700.Apart from the yen exchange movements in Europe had limited due to closure of markets in London for a holiday.
Against a basket of currencies, the dollar slipped 0.1 percent to 82.842, while the dollars of Australia and New Zealand operated little changed against the dollar.

sábado, 28 de agosto de 2010

U.S. stocks closed flat on technical support


U.S. stocks rallied on Friday and closed with its biggest one-day gain in nearly four weeks, to overcome a lower sales warning from chip maker Intel and hawkish comments from Fed Chairman Ben Bernanke.
Strong buying interest from a key technical level and share purchases to cover short sales led the rebound, and the tone improved as investors assessed comments from Bernanke, in the sense that the Fed is ready to act if necessary . Bernanke said in a conference with central bankers that the recovery has weakened more than expected, and the u.s. stocks is closed but the central bank is ready to take further action if needed to stimulate the economy.
U.S. stocks

he Fed chairman downplayed concerns that the U.S. can fall back into recession. "Bernanke found the right tone by saying 'we know that things are weaker than expected, but still think we're going to overcome it,'" said Scott Marcouiller, technical strategist at Wells Fargo Advisors. the big problema that was generate the u.s. stock closed caused Intel Corp a momentary low in the major indexes to announce that its third-quarter sales may be over 1,000 million dollars under its provisions. However, u.s. stock closed and the chip maker's shares rose 1.1 percent to $ 18.37, after falling more than 15 percent since late July. The Dow Jones industrial average rose 164.84 points, or 1.65 percent, to 10150.65 points. The Standard & Poor's 500 Index gained 17.37 points, or 1.66 percent to 1064.59 points.

U.S. stocks closed

The Nasdaq Composite gained 34.94 points, or 1.65 percent, to 2153.63 points. For the week, the Dow Jones lost 0.6 percent, the S & P 500 fell 0.7 percent and the Nasdaq fell 1.2 percent. Both the Dow and the S & P 500 chained his third straight week of losses. The market and u.s. stock closed and had begun to rise, by a report of economic growth in the second quarter, but was revised down was better than expected. The debate over whether the economic recovery is losing momentum or the country is headed for a relapse into recession pressured the market. Actions that benefit most from the strength of the economy were among those who led the increases. The roles of heavy equipment maker Caterpillar rose 3 percent to $ 65.9, and those of Boeing gained 3 percent, to $ 63.16 and the u.s. stock close.

viernes, 27 de agosto de 2010

Wall Street falls on fears for economy

 U.S. stocks ended lower on Thursday and the Dow Jones industrial average fell below 10,000 points for the first time since early July, pending a revised report of economic growth in the second quarter and Wall Street falls.
The market is also aware of a speech he will give the Federal Reserve chairman, Ben Bernanke.Shares of big tech companies were among the biggest losers and the Nasdaq fell more than the Dow and the S & P 500.
Technology shares have been regarded as a barometer of economic growth. Shares of Cisco Systems fell 2.4 percent to $ 20.70, while Intel's stock slid 1.6 percent to $ 18.18 and Wall Street falls.
Stocks initially rose by data that showed initial claims for jobless benefits fell more than expected last week, but the number was still too high to show a change in the labor market.

Wall Street falls

The four-week average of initial claims, considered the best measure of trends, rose to the highest level since late November.
"The best thing you can say the optimists is that recovery is stabilizing, is no longer accelerating," said Linda Duessel, market strategist at Federated Investors."We think this is a soft patch and not a relapse into recession, but the market is setting the price and more for a relapse," he added.The Dow Jones industrial average lost 74.25 points, or 0.74 percent to 9985.81 points. The Standard & Poor's 500 gave up 8.11 points, or 0.77 percent to 1047.22 points. The Nasdaq Composite Index fell 22.85 points, or 1.07 percent to 2118.69 points.
It was the first time since July 6, the Dow closed below the psychologically important level of 10,000 points. From that time the market rebounded and chained seven consecutive sessions of gains.In his Friday speech, Bernanke may discuss the outlook for the economy, but is not expected to provide clues about whether the U.S. central bank will inject more cash into the economy to sustain ongoing recovery and Wall Street falls.
After the recent string of dismal economic data, there are fears that the GDP figures to show that the economy is weaker than originally thought.
It is expected that the reading of the Government is in a growth of 1.4 percent, below the 2.4 percent estimated a month ago.Estimates range from a range of 0.9 to 2.2 percent, according to a Reuters poll.
In the technical picture, investors are still looking for the level expected of 1,040 points on the S & P acted as a support. Some consider that a drop below that level would be a buying opportunity, as seen on Wednesday when the benchmark index briefly lost.In deal news, Dell Inc raised its bid for the data storage company 3PAR Inc. to $ 1,600 million, slightly higher than the rival Hewlett-Packard Co.
HP has released a revised proposal after the closing bell, sending a rise of 7.2 percent, to $ 27.90, the shares of 3PAR in electronic trading and Wall Street falls.
HP shares closed down 0.1 percent to $ 38.22, while Dell fell 0.3 percent to $ 11.75.

jueves, 26 de agosto de 2010

U.S. unemployment benefit applications down last week

New claims for unemployment benefits in the United States fell more than expected last week, but a measure on the underlying labor market trends rose to a nine months, data showed on Thursday the government.
Initial claims for unemployment benefits fell by 31,000 to a seasonally adjusted rate of 473,000 in the week ended Aug. 21, the Labor Department said.

U.S. unemployment applications down 

Analysts polled by Reuters had expected claims to fall to 490,000 from an initially reported figure of 500,000 the previous week, a figure that was revised up to show 504 000 in the report on Thursdayand the unemployment benefits fell.The four-week moving average of new initial claims, considered a better gauge of underlying labor market trends, rose 3250-486750, the highest since last November.

miércoles, 25 de agosto de 2010

Yen falls from highs vs dollar Japanese intervention rumors

The yen fell on Wednesday of 15-year highs against the dollar due to speculation that the Japanese authorities may for the first time in over six years to take measures to curb currency appreciation.Japan's economy struggles to recover from the effects of global recession and a rising yen remove export competitiveness, a motor of the economy.
The euro rebounded from a minimum of nine years against the yen after a rise in German business confidence, while the dollar remained under pressure after learning a weaker-than-expected durable goods orders and a U.S. plunge in new home sales.
Investors were reluctant during the session to continue betting on a rise in the yen after Japanese Finance Minister, Yoshihiko Noda, reiterated that the government would react to the movements of the yen as it deems necessary.
Yen fall vs. Dollar

The caution in the market to the yen started on Tuesday when the Nikkei business daily reported that Japan's Finance Ministry would consider unilateral sales of yen if speculators were driving the currency to rise.
"Nothing in politics or the economy justifies the strong Japanese yen. It is merely a case of fear in world markets," said Joseph Trevisani, FX Solutions analyst in Saddle River, New Jersey.Analysts said that statements by Noda offered a chance for investors to give a truce to the escalation of the yen fall.
On the evening of New York, the dollar rose 0.8 percent against the yen at 84.63 yen, but remained near its 15-year low of 83.60 struck on Tuesday.
"The yen has gone far enough fast enough, so we're seeing some consolidation," said Daragh Maher, a strategist at Credit Agricole CIB.
However, the demand for dollars fell after news that durable goods orders in the U.S. rose less than expected in July and that excluding transportation orders suffered their worst drop since January 2009.
"It adds to the series of figures weaker than expected. The risk of entering a growth period of very, very weak, has increased," said Matthew Strauss, strategist at RBC Capital Markets in Toronto.A report showing a collapse in sales of new U.S. homes in July further reduced the demand for dollars.
The euro rose 0.9 percent against the yen at 107.05 yen on Tuesday after touching a minimum of nine years of 105.44.Analysts said the impact of a rise in German business confidence to its highest level in three years was tempered by concerns about the fiscal situation of the euro area, reflected in a widening of spreads between the Irish and German bonds.Standard & Poor's downgraded the credit rating Tuesday of Ireland in a step to "AA-" and warned that the outlook of the country remains negative.
Against the dollar, the euro gained 0.2 percent to $ 1.2651.

lunes, 23 de agosto de 2010

Asian markets start week with losses


Major Asian stock indicators began the week with declines, except for pockets of Kuala Lumpur and Bangkok.
The Nikkei index of Tokyo Stock Exchange fell 62.69 points, or 0.68%, to stand at 9116.69 points.
The Kospi index of South Korean market gave up 7.83 points (0.44%) and closed at 1767.71 points.
Hong Kong Stock Exchange closed down 0.44 percent in the Hang Seng Index, 92.81 points, to settle at 20889.01 points.a

Asian stock Market
The Shanghai Composite Index (convertible and non-convertible shares) ended in 2639.37 points, after losing 0.11 percent, 2.94 points.In Malaysia, the Kuala Lumpur Business Park was up 8.13 points, or 0.58 percent, and the KLCI index stood at 1403.15 points.In Thailand, the Bangkok bourse gained 0.86 whole, equivalent to 0.10 percent, and the SET index reached the level of the entire 894.78.In Singapore, the Stock Market Exchange fell 10.49 positions, equivalent to 0.36 percent and the Straits Times index closed the session at 2925.99 integers.

viernes, 20 de agosto de 2010

Oil prices continue declining

Oil prices fell again today in major international markets, impacted by the negative data recorded employment in the United States, and reflecting a slower recovery of the economy.
In the New York Mercantile Exchange (Nymex) crude type West Texas Intermediate (WTI) fell $ 0.62, and traded at $ 73.81 for delivery in September.
Meanwhile, in London, Brent North Sea depreciated $ 0.68, to trade at $ 74.64 a oil barrel, according to Bloomberg news agency.

Oil prices Fell Again

For its part, the price of a barrel of oil from the Organization of Petroleum Exporting Countries (OPEC) fell $ 73.03 yesterday, the agency said today in Vienna.
The price of a barrel of OPEC crude lost about six dollars since early August, amid fears that global economic recovery occurs more slowly than expected .

jueves, 19 de agosto de 2010

European shares fall on disappointing U.S. data

European shares fell on Thursday to a minimum of one month, after rising jobless claims for U.S. unemployment to a maximum of nine months and by the contraction of industrial activity in the northern East Coast.
The disappointing economic data pushed especially banking shares and commodities, which caused crashes Stoxx Europe 600 banking index, the index of basic resources and oil and gas index of between 1.9 and 2 percent.The FTSEurofirst 300 index of leading European shares fell for the second consecutive session, up 1.5 percent to 1036.84 points, its lowest close since July 21.
"Macroeconomic data once again exacerbated the doubts about the strength of the U.S. economy ahead of the second half, and increased concern that the economy and theey european shares may weaken more than expected," said Tammo Greetfeld, market strategist at UniCredit in Munich.

European shares fall

Financial stocks were among the worst performers. Shares of HSBC, Barclays, BNP Paribas, Société Générale and Crédit Agricole fell between 1.7 and 3.5 percent."Investors are wondering (...) increasingly far-reaching is really the central bank to successfully counter an economic downturn, if needed," he added.
Initial claims for unemployment benefits rose for the third consecutive week by 12,000 to a seasonally adjusted rate of 500,000 in the U.S., while manufacturing activity in the northern Atlantic coast in August fell to its lowest point in more a year.European shares rose during the session because the German central bank, the Bundesbank, raised its forecast for growth of the country this year, but the gains evaporated after news of U.S. economic data.Shares of energy companies fell on fears that U.S. economic weakness affects demand for oil in the world's largest economy. Shares of BP, Royal Dutch Shell and Total lost between 2.4 and 2.7 percent.Around Europe, Britain's FTSE 100, Germany's DAX and France's CAC 40 lost between 1.7 and 2.1 percent, while the rate of peripheral economies in the euro zone fell 2 Thomson Reuters , 1 percent.

martes, 17 de agosto de 2010

European stocks driven up insurance and mining

European shares rose on Tuesday by rising insurance after the European Union approved the recapitalization of Aegon, while the rebound in copper prices strengthened by lower reserves to mining.

At 1226 GMT, the pan-European index FTSEurofirst 300 was up 0.53 percent to 1051.14 points, after rising to 1054.92 units earlier in the session.
Shares in the Netherlands insurer Aegon rose 5.2 percent after announcing an agreement with the European Commission to reduce the fear of investors to a share issue to repay state aid received.

European Stocks

Investors remained cautious due to an irregular european business and the european stocks during the holiday period after low volumes and poor economic indicators in recent weeks.
"You can expect volatility in the short term. We need to establish a trend as in recent weeks we have seen how to move a step forward and one step back," said Richard Hunter, analyst at Hargreaves Lansdown Stockbrokers.
The German ZEW institute today announced a drop in confidence of analysts and investors in August to its lowest level since April 2009 in the european stock.

viernes, 13 de agosto de 2010

Wall Street lower after consumer confidence data

U.S. stocks fell on Friday for the third consecutive session after data showed that consumers saw an improvement in lean economy.Retail sales rebounded in July, but showed signs of weakness in the economy, while consumer confidence appears to have stabilized in August, but was still nervousness in the short term.
The reports showed the economy has slowed considerably in recent months, but the numbers were strong enough to mitigate fears of a new recession."Consumer confidence was slightly higher, but the market is convinced that there is a remote risk of a new recession. This suggests that the figures could be weak in the important month of back to school, giving reasons for the pessimism push down the market, "said Jeff Kleintop, chief market strategist at LPL Financial.

Wall Street Market

The Dow Jones industrial average was down 0.15 percent, to 10304.70 points, the Standard & Poor's 500 lost 0.26 percent to 1080.84 and the Nasdaq Composite fell 0.49 percent, to 2179.54.
If the indexes closed lower on Friday, could be the biggest weekly drop in six weeks.
J.C. shares Penney Co Inc fell 2.2 percent to $ 20.34 after the retailer reported quarterly earnings better than expected, although the forecast failed the expectations of Wall Street.
Google Inc shares were down 1 percent and Research In Motion Ltd. slid 1.3 percent, weighed on the Nasdaq.
India could veto Google messaging services due to security fears, said the Financial Times. The government is seeking a similar measure with BlackBerry services from Research In Motion Ltd.
Separately, Google was sued by Oracle Corp for alleged violation of patents related to its popular program for Android phones.

jueves, 12 de agosto de 2010

U.S. stocks closed more sell-year low

U.S. stocks fell on Wednesday, erasing gains of the year due to a sell-off sparked by fears about the health of the global economy, with investors looking for safe havens.
All three indexes had their worst percentage decline since July 16 after a weak economy assessment provided by the Federal Reserve on Tuesday. The U.S. central bank said it would take measures to reduce borrowing costs. But some traders questioned the effectiveness of the measures would have.
"Adding liquidity to the system saying it will buy Treasury bonds is not helping the average man on the street," said Robert Pavlik, chief market strategist with Banyan Partners LLC.

"It will not create jobs or help the housing market," he added.

Top 10 sectors in the S & P fell more than 1 percent, led by industrial shares, which fell 3.9 percent, and financials, which lost 3.6 percent. Shares of diversified manufacturer 3M Co was the biggest drag on the Dow, with a drop of 3.5 percent.

The U.S. stocks

A report on weak data from factories in China are adding to worries about a global slowdown and pressured stocks and raw materials while giving a boost the prices of Treasury bonds.
The Dow Jones industrial average fell 265.42 points, or 2.49 percent, at 10378.83. The Standard & Poor's 500 lost 31.59 points, or 2.82 percent, at 1089.47. The Nasdaq Composite Index gave up 68.54 points, or 3.01 percent, at 2208.63.
The Nasdaq fell 2.7 percent so far this year, while the S & P 500 lost 2.3 percent and the Dow 0.5 percent.
Among the biggest losers on the Nasdaq and the u.s. stock were ranked Cisco Systems Inc shares, which fell 2 percent to $ 23.73 during the session, then tumbled more than 5 percent in extended trading after the company income reported weaker than expected.
Shares of Macy's Inc. were a rare presence of positive news, an increase of 5.9 percent to 20.52 U.S. dollars after reporting second-quarter earnings that beat expectations, forecasting a strong sales growth in the same types of stores.
Shares of Dow component Walt Disney Co. fell 3 percent to $ 34.22 despite reporting earnings and revenue for the third quarter better than expected on Tuesday afternoon.

viernes, 6 de agosto de 2010

A loss of U.S. jobs worse than planned

In July, the U.S. lost 131 000 jobs, ie more than expected, official data showed on Friday, which account for a stable unemployment rate of 9.5%.
The nation lost jobs for the second consecutive month. The Labor Department report says there was a net loss of 131,000 jobs, when the median forecast was 87,000.
Those job losses were mainly in the public sector, in which the contract was not renewed temporarily to 143,000 people.
The private sector created 71 000 jobs, the report said. That figure is equivalent to 2.3 times the jobs created in the preceding month, but less than analysts anticipated (83,000).
The Labor Department revised the data for June. That month, which had become a record net loss of jobs after five months of job creation, was much worse than expected, as 221 000 jobs were lost, according to the revised estimate of ministry, ie 77% more than the initial figures.

jueves, 5 de agosto de 2010

Oil retreats in New York, affected by employment in the U.S.

Oil prices fell slightly on Thursday in New York, affected by the increase of new registrations to unemployment benefits in the United States, a report that raises concerns about demand for petroleum products.In the New York Mercantile Exchange (Nymex), a barrel of light sweet crude (West Texas Intermediate designation in the U.S.) for September delivery closed at $ 82.01, down 46 cents from Wednesday.
Prices, which arrived earlier this week to their highest level in three months, continued their downward trend that began on Wednesday.
 
The petroleum price

According to Tom Bentz of BNP Paribas, the market was "a little episode of weakness" following the announcement of an unexpected surge in new registrations for unemployment benefits last week in the United States to a level unprecedented since April.
"But the market is not contracted so much," he said. "It's a very calm day, a small correction. Many people are on vacation and has been highly volatile in recent days."
"The market begins to focus on the abundance of supply" in the United States explained by his side Phil Flynn of PFG Best Research.