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The leading U.S. markets closed today’s session of the green for the first time four days ago, encouraged by data on Chinese economic growth and comment on Federal Reserve Chairman Ben Beranke. In his remarks Mr Bernanke noted that the U.S. economy grew slower than expectations, and if this continues, the central bank is ready to implement additional support measures. The initial enthusiasm of investors, however, began to evaporate with increasing trade. Dow Jones rose 0.36 percent to 12.491 points. The broader index S & P 500 grew by 0.3% to 1,317.72 points and the Nasdaq Composite rose 0.5% to 2.796.
“The investors have their reasons to trade cautiously. They still do not take big rally like that in the last days of June”, said Ken Tower, chief analyst based in Jersey Quantitative Analysis Service. Yesterday, after the trade of electronic games manufacturer Electronic Arts announced a new acquisition. The company will purchase PopCap Games, a deal worth $ 1.3 billion. Were confirmed and annual financial expectations of the concern. With a turnover of 3.75 to 3.95 billion dollars the company expects net loss between 70 and 90 cents per share. Kinetic Concepts also located to the billionth transaction. Healthcare company is likely to be acquired by investor consortium, which includes Apax Partners and other companies of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board for a total of 6.3 billion dollars. During the transaction the shareholders of Kinetic Concepts will receive 68.50 dollars per share. Shares of the company reported a decline of 5.7%.
The U.S. markets ended the session on Wednesday the green after three consecutive sessions, which was reported a decline, led by companies in the energy sector. Dow Jones Industrial Average rose 0.31 percent, adding 38.45 points to 12,394 points to its value. Standard & Poor’s 500 also grew – by 4.19 points, or 0.3%, to 1320, 47, while the Nasdaq Composite Add to myself 0.55 percent or 15.22 points to 2761.38.
“Our analysis continues to show that S & P prepares for the summer adjustment. Has stayed at 1312, which prepares the ground for extension of decline, “said Richard Ross, an analyst with Auerbach Grayson & Co. Exchange rally in commodity markets gave wings of the shares of energy companies. The biggest world producer of construction equipment Caterpillar, a provider of mining, lead Dow Jones up with a plus of 1.3 percent. Thanks to higher oil prices investors assessed higher and shares of energy companies. Shares of Chevron rose 1 percent, while those of Exxon Mobil – by 1,1%. The con truction companies were also among the winners after the builder of luxury homes Toll Brothers said strong demand. Its shares rose by 2.2 percent.
The largest manufacturer of equipment for microchips Applied Materials managed to erase early losses from stock trading and ended the session with a slight plus of 0.4 percent. The company actually increased revenue and profits last quarter, but now began to feel the effects of the earthquake in Japan. For the current third quarter, according to preliminary data the Group will report declining revenues by between 3 and 10% from the previous three months. The reason is that many chip makers to freeze expansion of its production because of the earthquake in Japan.
The week began with declines of stock markets in Asia, the main reason for which the problems of Greece and downgrade leading companies from Japan and South Korea by the agency Standard & Poor’s. Today, the regional index MSCI Asia Pacific is moving with a fall of 1.4 per cent to 134.25 points, which would found during the indicator to its lowest closing level since March 29th. The agency Standard & Poor’s downgraded the Japanese company Tokyo Electric Power, which is the operator of damaged nuclear power plant in Fukushima. Overall, the Japanese market outlook was lowered to requiring increased care. Tokyo Stock Exchange today, the Nikkei 225 fell 0.9 percent to 9558 points, while South Korea’s KRX 100 also retreated as to 4463 points. In China’s CSI 300 lost 0.9 per cent, while major indexes in Hong Kong and Taiwan retreated by 1.3 and 1 per cent.
“The problems of Greece worried markets because it is clear that the situation has not gotten his response,” said Nader Naeimi from AMP Capital Investors for Bloomberg. The global growth goes through lower growth, which is negative for Asian exporters as a whole, “explains the analyst.
Just two years ago, stock exchanges in Asia and the Pacific reached its lowest point since the financial crisis. On March 9th, 2009 regional index MSCI Asia Pacific fell to its lowest level since 2001 because of the distrust of investors in the stock markets. Sale of shares in the region after the collapse of investment bank Lehman Brothers in September 2008 affected the worst stock exchanges in emerging economies in Asia. The MSCI Asia Pacific, however, has doubled its value since then and has grown by nearly 96%. Most of the last two years have bounced stock market indexes in Indonesia, Thailand and India – all of them reported an increase above 120%. The leading stock indexes in Hong Kong and Singapore have also managed to double the period, while the performance of shares in China is the weakest, along with the stock exchanges in New Zealand and Japan. The regional index MSCI Asia Pacific rose 0.2 percent to 138.25 points in today’s session, which helped the fall in oil prices and good economic data from Japan. A fall in oil prices supported the shares of transport companies in the region, including Air China and Eva Airways, which rose more than 1%. Tokyo Stock Exchange’s Nikkei 225 rose 0.6 percent to 10,589 points after the data for the increase in machinery orders in the country with 4.2 percent on a monthly basis in February. This is a sign to jump in investment companies that can support the growth of Japanese economy. However, the Nikkei 225 e one of the least-performing index over the past two years with growth of 50%. At the same time leading stock index in Thailand SET has added to its value increased 150% over the interest of foreign investors in local stock exchange.
The Indonesian Stock Exchange continued its good performance for the fourth straight session today amid improved investor sentiment about the outlook for the economy. The main stock measure in the country Jakarta Composite rose by 0.4 percent to nearly 3,231 points today, which is a new record high value in the history of the index. It grew by 27.5 percent since the beginning of this year, making it one of the two best performing index in the region, together with Thai SET. Jakarta Stock Exchange in capital flows has attracted over 1.6 billion dollars this year, which exceeds the 936-million dollars for the whole 2009. Indonesia’s central bank leaves base rate unchanged at a record low level of its 6.5 percent in early September in support of economic growth. However, the Indonesian rupiah has gained more than 4 percent against the dollar this year. Analysts said the good performance of the Indonesian Stock Exchange is due largely to the good fundamentals of the Indonesian economy. The government recently revised its economic forecasts and now expects growth in gross domestic product from 6 percent this year.
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.
The stock exchanges in Asia and the Pacific fell for the first time this week after growing concerns among investors about the recovery of U.S. economy prompted them to seek less risky assets like the yen, the dollar and government bonds. Shares of Japanese exporters have suffered most due to the appreciation of the yen to its strongest level against the dollar for the past 15 years. A strong yen makes goods of local producers more expensive on foreign markets and reduce their earnings after conversion into local currency. Shares of Canon and Sony fell more than 3 percent of the exchange in Tokyo for expensive yen. Shares of Toyota and Honda in turn lost around 2% because data for the decline in U.S. sales in July. Chinese mining companies fell after a decline in metal prices. Regional stock measure MSCI Asia Pacific, which oversees securities markets in ten Asian countries, Australia and New Zealand, losing 0.6 percent, disrupting its good performance from the previous two days, which brought him an increase of 2.2 percent. Most now come down shares of companies and consumer technology sector in its composition. Both groups decreased by more than 1%. MSCI Asia Pacific, however, reduced the loss of its highest point this year, celebrated on April 15, half to 6.3 percent.
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.
Stock trading on the Old Continent was marked Tuesday with its biggest daily drop in more than a month. Indexes saw strong reductions amid concerns about the stability of economies in the U.S. and China and the European banking sector. Pan-European Stoxx Europe 600 indicator collapsed by 3% and reached a level of 243.82 points, dragged down by companies connected in some way with China. The reason lies in the dramatic revision of the business organization of the Conference Board’s leading indicator for China’s April, and the reported drop in U.S. consumer confidence for June, which also impacted negatively news – and in Europe and the U.S. While the stock is still ongoing decline in the U.S. market, so there was in Germany, where the main DAX index lost 3.33 percent to 5952 points, and with France’s CAC 40 to drop from 4.01 percent to 143.46 points . In Britain’s FTSE 100 retreated by 3.11 percent to 4914 points. Among the losers ran bank securities, especially shares of financial institutions in Spain. At BBVA’s position was reported a decline of over 7 per cent decrease in Intesa Sanpoalo was by 7.76%, as had an impact here and downward revision of financial institution ratings of Credit Suisse.
The decreases of the stock market indexes in Asia and the Pacific stopped by today’s session brought their first growth since May 13. Mining companies helped most of the regional index MSCI Asia Pasific to get away from the bottom ten month which said yesterday. Low price levels of stocks today removed the concerns of spreading the debt crisis in Europe, but continued to weigh on the euro exchange rate for the third consecutive day. Stock Exchange in South Korea and the local currency could be recovered from yesterday’s sales, caused by tensions between North and South Korea. Index MSCI Asia Pacific, which covers the securities markets in ten Asian countries, Australia and New Zealand, growing 0.6 percent to 109.46 points, after having slid 3.1 percent by the end of yesterday’s session to the lowest level since July 2009 Appreciation of metals led by copper, increasing on average 1.6 per cent share prices of mining companies in their composition. Since yesterday was the loser, the Taiwanese Taiex index ranked among the most profitable in the region today. It rose 1 percent to 7 167.35 points while the Kospi in South Korea rose 1.4 percent to 1 582.12 points. With even stronger growth of 1.7 percent to 16,298 points distinguish the index of the 30 largest Indian companies BSE Sensex 30, after it became clear that the Government of India will pay a commission underwriter of the planned sales of shares of state-owned companies through the stock exchange in Mumbai.