Trading on stock exchanges in the U.S. began with strong increases in the major indexes after the data on the labor market in August, which showed that private sector companies have created 67 thousand new jobs in August. Employment in non-agricultural sectors of the economy decreased by 54 thousand jobs last month, which was twice less than expected. Non-agricultural employment includes working months in the private and public sectors. The unemployment rate in the U.S. rose from 9.5% to 9.6% because more Americans have signed up to the job centers as active job seekers. The main stock index began the session with a growth of over 1 percent, but lost part of its momentum after it became clear that the service sector has reduced its growth rate in August. This index showed business activity in non-productive sector, which fell more than expected to 51.5 points in August compared to 54.3 points in July. Dow Jones IA, which brings together 30 leading American stock companies increased by 0.5% to 10 372.02 points an hour after the start of trading. The broader S & P 500 advancing 0.7 percent to 097.25 points by 1, led by companies in the financial and consumer sectors. Nasdaq Composite rose by 0.8% to 2 216.78 points after the session began with a growth of 1.5 percent. Today’s session, and last week, bringing increases in most securities markets in the Asian and Pacific region. Green covered the back and European markets, where France’s CAC 40 and Germany’s DAX rose by more than 1%.
(more…)

The U.S. banks operating on Wall Street, prepare for declining revenues from intermediation in financial markets this year after the third quarter started badly for them. Economic insecurity in the world and the problems with public debt in Europe led to a decline in market activity in July, summarizes the Financial Times. Managers of banks reported that volume and profits in the last month were below those even in half-heartedly second quarter, hedge funds have been especially cautious in opening up large positions in equities and debt. Trade was woke up follow the results of stress tests of European banks, but deepening fears of a final end to the boom in trade (assist the profits of financial institutions after the financial crisis) has prompted some banks to consider reducing the traders. According to a senior banker July has been a very bad month for trade. “If in August and September is not a major improvement, banks will be forced to cut jobs,” he said. Shrinking profits from trading the financial markets highlights the growing importance of commercial and consumer banking, which improved in parallel with the economy. The heads of Wall Street analysts and give poor results in July as the passivity of investors and the fierce competition among banks. Because of the low activity during the month many banks did not reach set targets for income from financial intermediation as for bonds and currencies – major source of profits recently, and in shares.
(more…)

On Thursday, the U.S. indexes are traded with almost all fall session, ultimately S & P 500 recorded its third straight decline. Trading began with the rise of the main indicators for the euro after a moment passed over the 1.3100 against the dollar. Negative mood came from weak corporate accounts of some major technology companies. Nvidia fell 9.9 percent to 9.13 dollars. Manufacturer of computer graphics lowered its forecast for sales in the second quarter, taking a drop in demand in Europe and China. For the second quarter Symantec, in addition to weaker sales and earnings forecast below analysts’ expectations. The biggest maker of antivirus software session ended with a decline of 11.18 percent to 13.03 dollars for security. Colgate-Palmolive also failed to meet sales expectations, leading to a decrease in the Company’s shares by 6.84 percent to 78.12 dollars. Intel and Hewlett-Packard were among the most unprofitable companies in Dow Jones Industrial Average, cheaper respectively 1.41% and 1.53% respectively to 21.03 and 46.41 dollars per share. From Goldman Sachs financial sector is marked by a growth of 3.65 percent to 152.58 dollars per share. Citigroup ended the session with a growth of 3 cents to 4.12 dollars level.
(more…)

The U.S. shares started the new quarter with decreases after disappointing data on the labor market, production and sales of homes in the U.S., transmit CNBC. Gradually, after the initial sharp decline, however, the indexes recovered part of the losses, however, failed to move into positive territory. Instead, strong negativism move in raw materials. The leading indicator Dow Jones Industrial Average lost 0.44 percent of its value to the level of 9731 points. S & P 500 fell 0.3 percent to 1027 points and NASDAQ fell by 0.4 percent to 2101 points. Significantly higher losses were recorded in raw materials. Gold finished trading fell by 3.2 percent to 206.07 dollars an ounce, taking its sharpest one-day decline since February 4. Silver hand decreased by nearly 5 percent to 17.79 dollars an ounce. Oil did finish with a decline of 3.5 percent to 72.95 dollars a barrel with supply in August. With over 5 per cent decline and the price of natural gas. Reason for the sale was a series of disappointing data from the U.S. economy. Negative signals came from the labor market, housing market and manufacturing. Applications for unemployment benefits have increased during the week with 13 thousand to 472 thousand, while economists had expected a decline in the indicator. Other data did today showed growth in planned cuts by the companies and the private sector has added only 13 thousand jobs in July – well below expectations.
(more…)

Trading session on Wall Street finished mixed in a way of leading stock indexes in the U.S. that failed to find a common direction after a series of major economic news today. Most impact on trade data today had a record drop in sales of homes in the U.S.. He is due to the expiry of the government program to encourage purchases of homes, leading to a serious outflow of buyers. Determining the attitudes of the stock players and today’s decision was to keep U.S. interest rates unchanged. More of today’s crucial meeting of leaders of the Federal Reserve was that they lowered their forecasts for the recovery of U.S. economy, which was rather disappointing. Index of blue chip stock in the U.S. Dow Jones Industrial Average managed to complete the session with a minimum increase of 0.05 per cent to 10,298 points. At the very end of the session the benchmark fell under pressure and lose experience earlier growth. The broader index S & P 500 lost 0.3 percent to 1,092 points today, the index of companies by the exchange Nasdaq – Nasdaq Composite, fell 0.34 percent to 2254 points. The biggest buzz in today’s session was observed immediately after the Fed meeting, when the euro went above 1,23 EUR / USD.
(more…)

The U.S. indexes rose minimally, led by technology companies, and businesses for basic consumer goods. Throughout the trading Thursday shares were under pressure from the data for production activity and employment, which highlighted concerns about the speed of economic recovery. The index of 30 leading U.S. companies – Dow Jones Industrial Average (DJIA) rose 0.24% to a level of 10 434.17. Broader S & P 500 rose 0.13% 1 116.04 points and the Nasdaq added 0.05 percent to 2 307.16 points. Some experts have warned investors about a possible short-term drop in the market. “The market may be about to test the May bottoms sometime in the summer, but at the end of the year I think it will be the growth of 5-10%, said on CNBC Maury Fertig, CEO of Relative Value Partners. The series of U.S. economic data today showed that manufacturing activity index of the Philly Fed fell to 8 from 21.4 in May – its lowest level in 10 months, and new applications for unemployment benefits have increased unexpectedly by 12 thousand last week to 472 thousand, as economists had expected a decrease to 450 thousand. At the same time the number of Americans receiving unemployment benefits for more than two weeks has increased by 88 thousand to 4.57 million. This shows that the labor market to the greatest economy the world has not yet stabilized, although the gross domestic product began to grow in the middle of last year.
(more…)

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.
(more…)

The last session this week brought strong decreases in the three major indexes on Wall Street in the range of 1.1% to 1.6%, although two of the companies in the Dow Jones – Bank of America and General Electric, announced better than expected profit for the first three months of this year. The news that investment bank Goldman Sachs is accused of fraud by mortgage securities, shocked Wall Street and overshadowed the good data on housing in the U.S. in March. The index of 30 largest stock exchange and frequently traded companies Dow Jones IA fell 1.1 percent, or 126 points to 11 018.66 points. The broad measure of stock S & P 500 lost 1.6 percent to 1 192.13 points while the index of companies by the exchange Nasdaq – Nasdaq Composite, fell 1.4 percent to 2 481.26 points. Session on Thursday brought minor changes to the index after three disappointing news for initial unemployment and industrial production. Shares of industrial conglomerate General Electric dropped by 2.7 percent to 18.97 dollars on the New York Stock Exchange after the company reported 18 percent drop in profit for the first quarter to 2.3 billion dollars, or 21 cents a share. Analysts had expected a smaller profit per share of 16 cents. The largest U.S. bank Bank of America, in turn, said it issued a profit of 3.2 billion dollars for the first three months of the year, or 28 cents a share. This was three times more than market forecasts, but shares in the bank fell by as much as 5.5 percent to 18.41 dollars on the New York Stock Exchange.
(more…)

The three main stock indexes of Wall Street – Dow Jones, Nasdaq Composite and S & P 500, gravitated around its highest levels for the past year and a half last week and could indicate new heights if data on the housing market, employment and the factory sector in the coming days give impetus to the market. The lack of a catalyst to accelerate the movement of the indexes, making them vulnerable to sales, as became clear on Friday when the trading session on Wall Street ended a negative territory. However, all three indexes were able to raise during five of the six stock weeks forward CNN. Thus Nasdaq subdued 19-month high, a Dow Jones and S & P 500 turn circle around their highest levels for the past 18 months. Upward trend may continue for the next two weeks because investors are generally bullish set before the start of the new corporate season. U.S. indexes are on the rise in recent months and thus were able to recover from sell-offs between mid January and early February. But at the same time increase their pace in the last stage of the rally is much slower than last year, and traded volume is low. On Monday there will be no major economic news. Trading on Wall Street this week and will start from 15:30 pm local time on because of the early switch to daylight saving time in the United States. Before the start of the session on Tuesday, however, leaving sales of existing homes in February, which is expected to decrease slightly. Then we will publish the index of house prices in February, which is calculated by the Federal Housing Financing Agency in the United States (FHFA).
(more…)

This week last trading session on Wall Street began with increases for the three main index, after the labor market in the largest world economy showed signs of stabilization in February. Unemployment in the country remains at a level of 9.7 percent for the second consecutive month, while the number of persons engaged in non-agricultural sectors of the economy, fell less than expected by 36 thousand. Government data on employment in non-agricultural sectors are among the most important landmarks of the state of U.S. economy. They show what is the number of workers participating in the creation of gross domestic product (GDP) by sector. This in turn is a source of information for future consumption, and consumer spending are a source of two thirds of GDP. The index of 30 major and most active shares traded on U.S. stock markets – Dow Jones IA – rose by 0.8 percent to 10 529 points an hour after the start of trading. The broad S & P 500 advanced 1% to 1 134 points, led by financial and energy companies. Index Nasdaq Composite, which combines all the companies traded on NASDAQ, rising by 1.1% to 2 318 points.
(more…)