The U.S. shares ended the session in positive territory by Standard & Poor’s 500 reported a profit first week of the month. Better than expected data on job creation increased optimism that the economy will avoid recession new. S & P 500 rose 1.3 percent to 1105 points. This is the fourth day of growth for the index and its longest winning streak from July Dow Jones Industrial Average rose 1.24 percent to 10,448 points and Nasadaq Composite – by 1.53 percent to 2234 points. Before the start of the session were published data on employment in the private sector in the U.S. showed that in August were up 67 thousand new jobs. The data for July were revised upward to 107 thousand jobs created, which reduced fears that unemployment will prevent of economy recovery. In early trading the shares traded in positive territory but then lost earnings due to higher than expected decline in the services sector in the country in August. But then came the main indexes of profit. Among the winners today were the financial sector and technology companies. Association study of U.S. individual investors showed that optimism about U.S. shares rebounded from a 17-month bottom thanks to the good economic data.
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Most stock indexes in Asia and the Pacific region started the week with slight rises amid news of major acquisitions in Australia. Shares in Australian coal producer Centennial Coal rose 32 percent after Taiwan Banpu mining company said it will buy the remaining 80% of the shares of Centennial Coal, which still holds. Shares in building materials manufacturer CSR, in turn, rose 3.5 percent on the stock exchange in Sydney, once the largest producer of palm oil in the world Wilmar International said it would buy a unit of CSR for sugar production for the sum of 1.75 billion Australian dollars. Shares of Singapore-based Wilmar International rose 2.4 percent. Regional stock measure MSCI Asia Pacific, which oversees securities markets in ten Asian countries, Australia and New Zealand increased by 0.3 percent to 112.01 points. Last week it suffered its largest weekly loss since May 21 amounted to 3.4 percent and is 13% below its highest point this year, which said on April 15th. Depreciation of the yen against the euro support Japanese exporters on the stock exchange in Tokyo. Shares of Panasonic rose 1.6 percent. Japan’s Nikkei 225 index rose 0.7 percent to 9 266.8 points. Even more by 1.5% to 7 439.96 points to increase the main index Taiwanese Taiex, led by industrial and mining companies. In South Korea Kospi rose 0.2 percent to 1 675.37 points.
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Increased sales of shares in the final minutes of the session on Wall Street withdrew completely strong increases in indexes of morning trading. Positive wave that swept the securities markets in Asia and Europe today, failed to remain in the U.S. by Dow Jones IA complete a psychological level of 10 thousand points for the first time in three months. Even better than expected sales figures for new homes in U.S. orders for durable goods production could not support indexes. New orders for the production of durable goods recorded a 2.9% increase on a monthly basis in April, which was twice the expected. Meanwhile, sales of new homes in the U.S. rose 15 percent to its highest level in two years. Despite the good economic data index of the 30 largest U.S. stock and liquid companies Dow Jones IA fell 0.7 percent to 9 974.45 points. The broader index S & P 500 has lost 0.6 percent to 1 067.95 points and Nasdaq Exchange main index Nasdaq Composite fell 0.7% to 2 195.88 points. Since the beginning of May and the three U.S. indexes fell by about 10%. Global stock markets were extremely volatile during this month after pessimism gripped investors worries that the massive budget deficit and debt of several countries in Europe may lead to the second stage of the financial crisis.
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Raising the basic interest rate in India surprised investors and bring the strongest one-day drop in stock indexes in Asia and the Pacific region last month. Indian Central Bank is the second in the region after that in China, which has taken steps to tighten monetary policy this year. This will lead to withdrawal of liquidity from the economy and may slow its growth, and reduce investment in property and financial assets. The reason for the concerns of investors and give the warning came from International Monetary Fund that large government deficits will hinder the development of a number of large economies. The regional index MSCI Asia Pacific ex Japan fell by 1.3 percent to 415.83 points and marked its strongest one-day drop of 25 February onwards. He added 1.3 percent to its value last week after Bank of Japan increased its support for the economy. Tokyo Stock, however, is closed today for the celebration of the vernal equinox. Session on Friday brought significant increases in quotes because of depreciation of the Japanese yen and the good performance of the shares of local exporters. With the strong decline during today’s session it was marked in Hong Kong stock exchange, where the Hang Seng slid 2.1 percent to 20 934 points. Since auctions have suffered most from the construction companies and housing sector after the government in Beijing impose some restrictions on land sales.
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The Russian Finance Minister Alexei Kudrin announced that the stock market in the country begins to “overheat”. This is a consequence of the huge short-term speculative flows, which flow into the capital market in Russia. During a conference in Moscow Kudrin indicated that we should be careful about investing in this moment forward Bloomberg. Since the beginning of the year, the main stock index in Russia – RTS, has risen by 128%. Last year Russian market recorded one of the biggest declines in all markets worldwide. But this year, along with lifting the price of oil to the country are turning huge cash flows. This leads to an appreciation of the ruble and high growth of stock indexes. Kudrin today also announced that Russia will sell its stake in bank VTB within the next two years, will pursue profit of at least 67 per cent. VTB is the largest lender in Russia, the State has acquired 85.5 percent of its capital last year.
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The profit on the London Stock Exchange (LSE) fell by 40 percent for fiscal first half due to growing competition from other trading platforms such as Chi-X and BATS Europe, forward MarketWatch. Exchange operator has a profit of 49.3 million pounds (81.7 million) compared to 81.7 million pounds a year earlier. Revenue has dropped by 9.2% to 310,9 million pounds. Trading volumes have decreased the average daily turnover in shares has fallen by 16% compared to the second half of the previous fiscal year. This decrease is partly offset by the increase in volume of trading in derivatives and active primary market for shares of companies that have gathered 43.5 billion pounds of offerings of securities. From the LSE responded to growing competition with the acquisition of Millennium Information Technologies. Thanks to the transaction exchange operator will acquire a fast trading system. However, the transaction higher profit for the period. LSE and negotiate the acquisition of the trading platform Turquoise, created by a consortium of investment banks.
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The U.S. stock market has grown at the beginning of the week against the backdrop of continued optimism for the forthcoming announcement of financial results for the quarter a number of companies, and because of these reports (mostly from the financial sector) already investors rejoiced. During the trade Indexes Dow Jones Industrial Average and Standard & Poor’s 500 reached new heights in 2009, but closed slightly lower profits. Dow Jones IA closed trading at 10 092 points (a growth of 0.96 percent), having previously had reached 10 111 points, or highest level since October 7, 2008 for promotion of the indicator after received positive evaluations, helped Caterpiller which will deliver a report on Thursday, and American Express with an expected statement on Tuesday. S & P 500 rose by 0.94 percent to 1098 points and the Nasdaq Composite closed the session with a rise of 0.91 percent to 2176 points.
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