Infolinks

Google Recherche

mercredi 5 mai 2010

Wall Street returns the balance.



Keywords: market, scholarship, conjuncture, Wall Street.

After the coup of tobacco on Tuesday, the NYSE is trying to regain his senses. But the haul is laborious, hampered by the prospect of a worsening Portuguese debt by Moody's.
Wall Street tries ascent fantastic Wednesday after its worst session in three months yesterday. Just after the closing of European markets, yet still sharp decline, the Dow Jones is ironed in the green. But this recovery is shy around 6:10 p.m., the benchmark index of New York is at equilibrium (0.01%) to 10,928 points. The Nasdaq and the S & P 500, however, are down -0.40%, respectively (2414 points) and -0.08% (1173 points).
The fear of contagion from problems of sovereign debt in Europe is still floating. In Athens, Events go awry. Moody's intends to degrade the sovereign debt rating of Portugal. The dollar becomes stronger still facing the European currency: 1 Euro 1.2844 U.S. dollar is exchanged. The euro crosses down the threshold of $ 1.29 for the first time since late April 2009.
The European Commission is trying to calm markets by revising upward its growth forecast in 2010 in Spain and Portugal. She expects a decline of 0.4% -0.8% cons Spain scheduled for February and a 0.5% growth for Portugal against 0.3% estimated in February.
For their part, investors are trying to reduce losses by paying more attention to the quarterly results of companies and national macroeconomic statistics.
In this regard, the U.S. private sector created 32 000 jobs in April, according to survey published Wednesday by the business services firm ADP. This is the first time since January 2008 that the figures for employment in the private sector stand up. Analysts had expected 30 000 creations.
In contrast, the ISM services appears to 55.4 in April, unchanged from March, while markets awaited 56.

Oil falls:
Crude oil inventories rose more than expected last week in the U.S., like those of gasoline, according to figures released Wednesday by the U.S. Department of Energy. The crude oil reserves rose 2.8 million barrels to 360.6 million barrels in the week ended April 30. That's four times more than analysts' estimates which projected an increase of only 700,000 barrels.
This news, in addition to the international financial environment, driven down the price of U.S. crude. Around 18.20, a barrel passes under the 81 dollars in New York at U.S. $ 80.58 (-2.90%).

Media supervision:
On the side of values, the media group News Corp. (-6.23% To 14.44 dollars) has announced a profit of 839 million, against 2.7 billion dollars last year. The conglomerate controlled by Rupert Murdoch was reported Tuesday a quarterly profit better than expected thanks to the continuous improvement of the advertising market, the positive results of its cable networks and the worldwide success of the film "Avatar."
For its part, Time Warner (-0.73% To 32.43 U.S. dollars), Wednesday reported a better result than expected, thanks to a sharp rebound from its advertising revenue in its branches magazines and cable networks and strong sales some of his films released on DVD.
Intel (-1.50% At 22.07 U.S. dollars) has unveiled a new version of its platform for Atom processors, pledging that it would reduce consumption and costs for this line of chips, mostly for " smartphones, while reducing their size.
The group distribution and gas production Chesapeake Energy (+0.13% To 23.65 dollars) recorded a profit of 590 million, against a loss of 5.75 billion dollars last year.

Aucun commentaire:

Enregistrer un commentaire