USA: pessimists, optimists have won

 

Wednesday, January 13, the main stock indexes of the United States after analysts increased their recommendations on a number of shares, and Food Kraft Foods reported better than expected results in 2009 showed a positive result.

Published

Fed Beige Book also supported the market, signaled the economy improved in 10 out of 12 of the control regions.

general market sentiment, however, somewhat overshadowed by the fall in oil prices after the release of data on the growth of resource stocks in the U.S. last week. Comments in the Philadelphia Fed president Charles”a Plosser”a that the chief financial regulator of the country must raise interest rates before the fall in unemployment in the early trading session also have a negative impact on stock market indices.

At the end of trading the barometer of blue chips “Dow rose by 0,5% to a value of 10 680.77 points, while a more” broad “index of SP 500 was strengthened to 0.83% and closed at 1 145 , 68 points. Rate with a large proportion of high-tech stocks Nasdaq added 1.12% to the value 2 307.9 points.

Shares

food Kraft Foods after rising for most of the trading session to its end, slid 0.2% to $ 29.23. The company said that annual profit last year was better than expected, as well as the firm”s ability to show “a high-quality” result, and without the absorption of the British confectioner Cadbury.

Quotes drug manufacturer Merck became heavier at 3.7% to $ 38.93. Credit Suisse analysts raised their recommendations on paper to assess “best market”, as well as their predictive value from $ 35 to $ 47.

Papers of the banking sector of optimism after the performance of the heads of the largest sector representatives at a meeting of the Commission for the Exploration of the financial crisis, which defended the actions of creditors in difficult times.

Equity Bank of America added 1.6% to $ 16.62, its rival JPMorgan “stouter” on 1,8% to $ 44.25.

Quotes real estate fund Acadia Realty Trust soared by 4.3% to $ 17.40 after Macquarie Research analysts raised their recommendations on the shares to assess “best market”. Papers of his competitor Weingarten Realty Investors have grown by 4,3% to $ 21,73 against the backdrop of increasing analysts Oppenheimer recommendations to the value at the level of the market.

Shares of the third-largest U.S. airline UAL soared 9.9% from 53% increase in tariffs on baggage allowance, which was made in order to balance the commissions from those of competitors Delta Air Lines and Continental Airlines.

Shares of Chinese search engine Baidu have jumped by 14% to $ 439.48 as a result of news about the possibility of leaving Google with a national market after a hacker attack to the site search engine in China. Quotes Google, in turn, completed the day with a setback on 0,6% to $ 587.09 ..

Crude oil futures for February delivery at the end of trading lessen costs $ 1.14 and closed at $ 79.65 per barrel. Report U.S. Department of Energy showed an increase in resource stocks over the past week to 3.7 million bca1arrels to 331 million, compared to the expected growth of 1.2 million barrels.

Contracts for gold in electronic trading on COMEX for February delivery rose $ 7.40, and finished the day at $ 1 136.80 per troy ounce. Yield of 10-year Treasury bond rose from 3.71% to 3.79%.

In currency trading the dollar weakened against the euro and the position has appreciated against the Japanese yen.

Forex Market 12/01/2010
Asia: Markets in turmoil, reporting Alcoa disarmed Commodity
Europe: corporate accountability have not added optimism
United States: the quarterly reporting season has started not the best way
Latin America: cheaper Commodities played into the hands of the bears
Forex Market. 13/01/2010
Asia: China gave a general collapse
Europe: following statements Societe Generale banking sector had to surrender
Latin America: steelmakers and mining companies helped the index to complete trades in the black