USA: accountability and the Fed raised the market mood

by admin on October 19th, 2009

At Monday, October 19th, share indexes of the United States by the middle of bidding against a number of out better than expected, reports, and statements by representatives of the Federal Reserve of New York regarding the withdrawal of the funds into the financial system during the crisis, have shown positive dynamics.

Word Fed officials on the assessment of the use of repos in order to eliminate funds added to the economy during the crisis, were perceived by investors as a signal for recovery of the national financial system. After the close of business should also get reporting company Texas Instruments, from which analysts expect good results.

At mid-auction 20:30 Moscow barometer of blue chips, the Dow rose to 1,01% to a value of 10 097.04 points, while a more broad index of SP 500 was strengthened to 0.93% and reached the mark of 1 097.77 points. Rate with a large proportion of high-tech stocks Nasdaq added 0.92% to the value 2 176.69 points.

Paper publisher Gannett jumped 6.93% to $ 13,9. Quarterly profit for the third quarter was 44 cents per share, which was 3 cents higher than analysts expected value and was the result of reducing the rate of slowing industry print advertising.

Quotes industrial firm Eaton soared 7.1% to $ 64.71. The company reported a quarterly profit excluding some deductions in the amount of $ 1.21 per share against the predictive value of 95 cents. Representatives Eaton also said that profits this year will be higher than previously expected.

Shares of the banking sector, after declining in early trading, turned in the opposite direction, supported by the words of representatives of the Federal Reserve of New York that the regulator over the past year working to assess the effectiveness of the tool reverse repo in order to use it if necessary .

Papers Bank of America recovered on 0,52% to $ 17.35, its rival Goldman Sachs became heavier at 0.86% to $ 185.95.

Quotes automaker Ford Motor added 3.1% to $ 7.65. Specialists JPMorgan reported that profit in the third quarter may be higher than most expectations.

Shares of aluminum producer Alcoa built up on 0,57% to $ 14.12 as a result of the increased cost of metals.

Papers lender BB T dropped to 4,96% to $ 26.85. The company earned in the third quarter fell to 23 cents per share, which was below the average analysts' forecasts, and occurred in connection with the growing number of unscrupulous borrowers.

futures crude oil Light at 20:41 IST traded unchanged at $ 79.02 per barrel. Gold prices rose to 0,47% up to $ 1 056.5 per troy ounce, while the rate of EUR /USD pair was strengthened to 0.23% up to $ 1,494 per euro, and the pair USD /JPY has lowered 0,2% to 90, 7 yen per dollar.

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