2010/11/30

Midday: Wall Street consolidation of financial shares lower Pudie

U.S. stocks lower midday to consolidation, the overall decline in financial stocks. Positive economic data offset to some extent, the European sovereign debt crisis could spread the adverse effects of the U.S. stocks plunged at the open after rebound.
At 11:54 on 30 November EDT, the Dow Jones Industrial Average fell 50.06 points to 11,002.43 points, down 0.45%; the Nasdaq composite index fell 28.37 points to 2,496.85 points, down 1.12%; the S & P 500 Index fell 7.24 points to 1,180.52 points, down 0.61%.
Dow Financial stocks generally lower, which JP Morgan Chase (JPM) fell 1.4%, American Express (AXP) fell 1%. With crude oil futures prices fell, the Dow energy stocks were mostly lower. Chevron (CVX) fell 0.7%, Exxon Mobil (XOM) fell 0.3%.
Energy and the tech sector led by the Nasdaq and S & P 500 Index.
In some positive economic data released, the U.S. stock market decline narrowed. Institute for Supply Management (ISM) announced that the Chicago branch, and 11 months of the Chicago purchasing managers index (PMI) was 62.5 points, ahead of market expectations. According to Bloomberg News survey of economists forecast an average of 59.6 points. October Chicago PMI to 60.6 points.
Investment institutions Evercore Wealth Management portfolio manager Bill - Vaughn (Bill Vaughn), said the manufacturing sector report "made people realize that all the conditions are not that bad. In a very long time, the manufacturing sector in the overall economy performance is still strong. "

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US stock market opens lower, still penalized by the European crisis

Afternoon: Stocks rally to promote good data

Reduced decline in U.S. stocks on Tuesday afternoon. U.S. consumer confidence index for the manufacturing and exciting, to a certain extent, offset the sovereign debt crisis of European investors may be worried about the spread of emotions.
At 13:15 on 30 November EDT, the Dow Jones Industrial Average fell 8.74 points to 11,043.75 points, down 0.08%; the Nasdaq composite index fell 19.96 points to 2,505.26 points, down 0.79%; the S & P 500 Index fell 2.53 points to 1,185.18 points, down 0.22%.
November since the Dow has dropped nearly 1%, may be the first time since August month is down.
Commerce Trust investment institutions head of stock trading strategies Joe - Williams (Joe Williams) said, "the stock market in November by a lot of news." He listed out the factors, including the European sovereign debt crisis of the fear emotion re-outcrop China rate hike, wait for inter-Korean tensions. Williams said, "Considering the past 30 days, the events we have experienced, I think the stock market performance is quite good."
Tuesday, the Dow generally lower financial stocks, including JP Morgan Chase (JPM) fell 1.2%, Bank of America (BAC) fell 1.2%, American Express (AXP) fell 0.9%.
Internet search giant Google (GOOG) fell 3.7%, dragging down the Nasdaq fell after reports that the company spent $ 6,000,000,000 for the acquisition of a discount for shoppers looking for a social networking site Groupon. In addition, the European Commission on Tuesday announced that it has for the abuse on the Google Internet search market dominance in the allegations of antitrust investigations.
S & P 500 index and technology by the health care sector of the drag. November since the index was essentially flat, down just 0.3%, after three consecutive months the index has been achieved up on line.

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The DJ Euro Stoxx 50 is down -0.43% to 2658.41 points


USA: Chicago PMI better than expected


US stocks lower, but reduced its losses after indicators

U.S. stocks ended down slightly more than tech stocks fall

November 29, the U.S. stock market fell slightly. At the close, the Dow Jones industrial average fell 39.51 points to close at 11,052.49 points, down 0.36%. Standard & Poor's 500 index fell 1.64 points to close at 1187.76 points, down 0.14%. The Nasdaq composite index fell 9.34 points to close at 2525.22 points, down 0.37%.
Many technology stocks fell, eBay or 2.99%, AMD fell 2.46%, Nokia fell 2.20%, HP down 1.39% or 1.36%, Google, Motorola, or 0.77%, IBM fell 0.71%. Many financial stocks higher, rising 2.46% American Express, Wells Fargo rose 2.06%, Bank of America rose 1.71%, up 1.09% JP Morgan Chase, Citigroup rose 0.97%.

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New York stock market continued to fall

As investors continue to spread the European sovereign debt crisis worries continue to plague the market, 29, all three major indexes in New York stock market fell to close, but the decline compared with the early narrowed significantly. 
Ireland 28, and the EU signed a total of 850 million euros in the financial rescue plan, but this did not alleviate the crisis of sovereign debt investors continues to spread in Europe concerns.Investors worry that countries such as Portugal and Spain will follow suit, apply for aid from the EU, the euro suffered sell-off, European stock markets fell sharply, the dollar strengthened by the support of safe-haven buying, resulting in the fall of the Dow 11,000 point mark in intraday trading . 
In this case, despite the positive data announced on the day of the retail industry, but did not constitute an effective support index.National Retail Federation about 4,000 people on a survey, four in the last week of the Thanksgiving festivals each Sunday during the period between the consumer shopping trips by 8.7% over last year, a total of 212 million people. Total consumption is about 450 billion U.S. dollars, amounted to $ 365.34 per capita consumption, rose 6.4%. 
After midday, some buying in the New York Stock Exchange under the support of rebound, but ultimately failed to successfully reverse the decline. 
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 39.51 points to close at 11,052.49 points, down 0.36%. Standard & Poor's 500-stock index fell 1.64 points to close at 1187.76 points, down 0.14%. The Nasdaq composite index fell 9.34 points to close at 2525.22 points, down 0.37%.

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US stocks open lower: Dow Jones -0.40%, Nasdaq -0.48%


US stocks: Back to the weekend in peace


The Stock Exchange of Hong Kong opened down 0.22%

2010/11/28

American consumers meet the "Black Friday"

November 26, customers in the United States, Massachusetts Lanesboro waiting outside the door of a shop after the "shopping." The next day was Thanksgiving day, known as "Black Friday", marks the traditional start of the Christmas shopping season. According to a recent survey of international shopping center, with the slow economic recovery, 31% of U.S. households in the "Black Friday" shopping day poured into the "shopping", and last year the figure was 26%.

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Ireland: Agreement close for an investment of nearly $ 85 billion EUR




2010/11/26

U.S. stocks intraday decline narrowed the Dow fell 0.62%

U.S. stocks fall in early trading on November 26 narrowed. As Beijing time 23:45, the Dow Jones Industrial Average fell 69.25 points to 11,118.03 points, down 0.62%; the Nasdaq composite index fell 3.31 points to 2539.81 points, down 0.13%; Standard & Poor's 500 index fell 5.69 points, Report 1192.66 points, or 0.47%.

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Morning: Holiday sales decline in U.S. stocks narrowed to a good

Reduced decline in U.S. stocks on Friday morning. U.S. retailers of the "Black Friday" sales there have been some positive signs, but the European sovereign debt crisis is to put pressure on the broader market.

At 10:45 on November 26 EST, the Dow Jones Industrial Average fell 69.25 points to 11,118.03 points, down 0.62%; the Nasdaq composite index fell 3.31 points to 2,539.81 points, down 0.13%; the S & P 500 Index fell 5.69 points to 1,192.66 points, down 0.47%.

Dow 30 industrial stocks all the lower plate of raw materials leading enterprises DuPont (DD) dropped 1.3%, Alcoa (AA) fell 1.2%.

Boeing (BA) fell 0.3%, more than two weeks before the new Boeing 787 Dreamliner aircraft fire and cause power system failures, the company is modifying the aircraft's electrical systems and control software. Boeing said the company did not complete the revised design and installation will take much time.

Nasdaq and S & P 500 are down, leading declines in raw material and energy sector.

As of Friday morning, this week, the Dow has fallen about 1.2%, U.S. stocks continued recent years the week of Thanksgiving downward trend. U.S. stocks fell on Friday caused the reasons for sovereign debt crisis escalated in Europe, while Spain and some other countries has become Europe's weakness.

Intensified the market in order to eliminate the financial situation in Spain concern the increasingly heavy emotions, Spanish Prime Minister Jose Luis Rodriguez Zapatero (Jose Luis Rodriguez Zapatero) said on Friday, the euro zone's fourth-largest economy, Spain "absolutely" does not need to seek assistance from the EU . But Zapatero's speech tried to calm market sentiment has little effect after the publication of his remarks, the euro exchange rate along with Spain and Portugal, together with bond prices tumbled. Euro-dollar exchange rate is currently reported to 1.3244.

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The DJ Euro Stoxx 50 is down -1.29% to 2729.28 points


2010/11/25

Ireland re-launch the recovery plan 4 15 billion euros in deficit reduction

Irish Prime Minister Brian Cowen announced a 24 4-year "national recovery plan", the Government will in the next 4 years, 15 billion euros deficit reduction to achieve the 2014 deficit to GDP of proportional control requirements in the EU within 3%.
Cowen and Finance Minister in Han, Yue Hange Bromley Common Environment Minister at a press conference that the deficit reduction to achieve this goal, the government will be cut in 4 years, 10 billion euros of public spending and to achieve tax revenue growth of 50 million euros.
He said the government will first cut six billion euros in 2011 budget deficit of 40% of the deficit reduction target, the current deficit to GDP ratio fell to 9.1%, and finally in 2014 the control requirements in the EU within 3%.
He said that by 2013, the Irish public debt to GDP ratio will reach 102% of the highest level, but by 2014 this proportion will fall to 100%.
Under the plan, the government will cut pensions and other social welfare spending, reduce the salaries of public officers. By 2014, the government will cut social welfare spending 2.8 billion euros, cutting the pay of public officers of 1.2 billion euros. Based on the 2008 level, the government will cut 24,750 public servants. New Government will also introduce new public pension system staff, newly public officers will also pay a 10% reduction. In addition, the government will improve the standards of college tuition and fees collected water. Currently, the Irish civil tap water is free of charge. In addition, the government will lower the minimum wage standard, from the current fell to 7.65 euros 8.65 euros per hour. In taxation, the government will maintain the 12.5% corporation tax; by changing the income tax collection standards, and tax revenue of 1.9 billion euros; 2013 VAT rate will be adjusted to the current 21% 22% 2014 23% of the tax rate will be adjusted to .
Cowen said that through these measures to cut expenditure, real GDP growth rate of Ireland expected to reach 1.75% in 2011, 2012, 3.25%, 3% in 2013, reached 2.75% in 2014.

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Afternoon: U.S. stocks high consolidation good employment data

U.S. stocks on Wednesday afternoon to continue high consolidation. The upcoming Thanksgiving holiday, the U.S. labor market data to make positive market sentiment, helping the broader market basically to restore the losses suffered yesterday.

At 12:51 on November 24 EST, the Dow Jones industrial average rose 134.26 points to 11,170.63 points, or 1.22%; the Nasdaq composite index rose 46.60 points to 2,541.55 points, or 1.87%; the S & P 500 Index rose 15.44 points to 1,196.17 points, or 1.31%.

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Midday: Stocks stronger positive economic data

Midday on Wednesday, U.S. stocks continue to rise, the basic restore the losses suffered on Tuesday. Thanksgiving holiday approaching, the U.S. employment, personal income and durable goods orders, and other positive market sentiment data so optimistic.

At 11:23 on November 24 EST, the Dow Jones industrial average rose 127.91 points to 11,164.28 points, or 1.16%; the Nasdaq composite index rose 45.08 points to 2,540.03 points, or 1.81%; the S & P 500 Index rose 14.44 points to 1,195.17 points, or 1.22%.

Investment institutions Jefferies & Co chief market strategist Art - Hogan (Art Hogan) said, "economic data show that the U.S. economy a little better than expected."

However, there are still worrying news from overseas, U.S. troops continue to advance the Korean Peninsula, the Irish government announced a new austerity plan.

U.S. labor markets have shown signs of improvement, so that investors rejoiced. U.S. Labor Department reported initial claims for unemployment benefits last week fell by 3.4 million to 40.7 million, the highest since July 2008 has been low, the market had expected a decline in 4000.

At the same time, the United States in October personal income rose 0.5%, the highest increase during the year, September personal income growth to zero. October consumer spending increased 0.4%.

However, durable goods orders data to put a downward pressure on the stock market. October durable goods orders fell by 3.3%, to last 3 months the second time since the fall, a decline in nearly two-year high, economists had expected growth of 0.1%.

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2010/11/24

Open: Korean Conflict To Wall Street the Dow fell 110 points lower

By the Korean conflict, U.S. stocks fell sharply on Tuesday, the Dow fell over 110 points. U.S. third quarter GDP results of the second amended slightly better than market expectations, but South Korea and the Korean conflict between small-scale investors nervous.

At 09:35 on November 23 EST, the Dow Jones Industrial Average fell 114.06 points to 11,064.52 points, down 1.02%; the Nasdaq composite index fell 25.25 points to 2,506.77 points, down 1.00%; the S & P 500 Index fell 13.58 points to 1,184.26 points, down 1.13%.

About geopolitical risk is a major force in the market on Tuesday. Line in the disputed territory of Western military near the line, North Korea, an island shelling, killing two South Korean navy fire deaths and a number of buildings.

South Korean troops to fight back immediately. According to military officials said the shelling has at least 16 people were injured, including three civilians. The island's 1,200 residents hurried into the bunker during the conflict. The conflict has also tumbled in Asia and European markets, but the formation of support for the dollar.

On the data front, the U.S. third quarter GDP growth rate of slightly better than the previous estimate. Corporate profits have increased, but the increase was not enough to reduce unemployment.

Commerce Department reports third-quarter U.S. GDP growth of 2.5%, slightly higher than previously forecast growth of 2.0%. Economists surveyed by Dow Jones Newswires had expected third-quarter GDP revised up 2.4%.

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Lower in early trade U.S. stocks fell more than 1% of the three major stock indexes

U.S. stock market on Nov. 23 with early fall. Dow Jones Industrial Average index was at 11,060.13 points, down 118.45 points, or 1.06%; the Nasdaq composite index was at 2504.92 points, down 27.1 points, or 1.07%; Standard & Poor's 500 index was at 1183.55 points, down 14.29 points, or 1.19% .

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2010/11/22

Morning: U.S. stocks ended mixed Irish official for help

U.S. stocks were mixed Monday morning. Investors doubt whether the resumption of international assistance to the Irish program when the financial stability in the euro area, Ireland on the issue of new political debate, increasing fears that sentiment.
At 10:23 on November 22 EST, the Dow Jones Industrial Average fell 49.38 points to 11,154.17 points, down 0.44%; the Nasdaq composite index rose 6.21 points to 2,524.33 points, or 0.25%; the S & P 500 Index fell 4.05 points to 1,195.68 points, down 0.34%.
Dow component DuPont (DD) dropped 1.7%, Intel (INTC) fell 0.5%, Chevron (CVX) fell 1%.
Dow component Hewlett-Packard (HPQ) company contrarian up.The company will report earnings after the bell. The average estimate of fourth-quarter earnings of up to $ 1.27 per share, on revenue up 32.7 billion. Analysts will be closely watching the company's newly appointed CEO Leo Apotheker's speech.
The general decline in energy and raw materials sector.
While providing financial assistance to the Irish international agreement has been reached, but investors still worried investors still on the level of government debt in euro-zone countries are worried. Currently the provision of financial loans to the size of Ireland is still unknown. The new political uncertainty concerns the market sentiment increased.
Irish debt to its European partners on Sunday night formally to the European Union and International Monetary Fund (IMF), billions of euros of aid applications. EU and IMF officials said the release of the progress of the rescue funds will depend on the Irish Government to take measures to restructure debt, budget deficit reduction progress of the talks. Official for help in Ireland after the announcement, the euro exchange rate was rising.


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On fears the euro zone,US stocks ended down 0.22%




Midday: Stocks continue to decline in energy shares leading the decline

Midday Monday the U.S. stock market continued to decline.Investors doubt whether the resumption of international assistance to the Irish program when the financial stability in the euro area, Ireland Political instability and increased investor concerns about emotions.
At 11:35 on November 22 EST, the Dow Jones Industrial Average fell 84.19 points to 11,119.36 points, down 0.75%; the Nasdaq composite index fell 1.58 points to 2,516.54 points, down 0.06%; the S & P 500 Index fell 7.63 points to 1,192.10 points, down 0.64%.
Dow component DuPont (DD) dropped 1.6%, Intel (INTC) fell 0.3%, Chevron (CVX) fell 1.4%.
Dow component Hewlett-Packard (HPQ) company contrarian up.The company will report earnings after the bell. The average estimate of fourth-quarter earnings of up to $ 1.27 per share, on revenue up 32.7 billion. In its competitors, Cisco (CSCO) released earlier this month after a cautious outlook, analysts will be closely watching the company's newly appointed CEO Leo Apotheker's speech on the prospects for the company.
The general decline in energy and raw materials sector.
Although Ireland has been reached to provide financial assistance to international agreements, but investors still on the whole the level of government debt in euro-zone countries are worried. Currently the provision of financial loans to the size of Ireland is still unknown.The new political uncertainty concerns the market sentiment increased.
Irish debt to the EU official on Sunday night the International Monetary Fund (IMF), billions of euros of aid applications. EU and IMF officials said the release of relief funds will depend on the progress of the Irish Government to take measures on debt restructuring, progress in negotiations to reduce budget deficits.Official for help in Ireland after the announcement, the euro exchange rate was rising.
But the gains narrowed the current euro exchange rate, the current newspaper 1.3638 against the U.S. dollar, the Irish had the minority party in the coalition government, the Green Party in January 2011 called for early general elections in late. Green Party on the recommendations of an early election, so that investors will be suspicious of the move on what impact the rescue plan.


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U.S. stocks extended declines on Monday afternoon, the Dow fell more than 120 points. Investors doubt whether the resumption of international aid programs of Ireland, when the euro area financial stability, this was previously known as the "Celtic Tiger," the country's political instability and increased investor concerns about emotions.
At 12:28 on November 22 EST, the Dow Jones Industrial Average fell 122.34 points to 11,081.21 points, down 1.09%; the Nasdaq composite index fell 7.91 points to 2,510.21 points, down 0.31%; the S & P 500 Index fell 11.72 points to 1,188.01 points, down 0.98%.
Dow component DuPont (DD) dropped 1.4%, Intel (INTC) fell 0.06%, Chevron (CVX) fell 1.5%.
Dow component Hewlett-Packard (HPQ) rose 0.26% of the company buck the trend. The company will report earnings after the bell. The average estimate of fourth-quarter earnings of up to $ 1.27 per share on revenue of 32.7 billion. In its competitors, Cisco (CSCO) released earlier this month after a cautious outlook, analysts will be closely watching the company's newly appointed CEO Leo Apotheker's speech on the prospects for the company.
Decline in energy and raw materials sector lead.
While providing financial assistance to the Irish international agreement has been reached, but investors are still on the level of government debt in euro-zone countries are worried. Currently the provision of financial loans to the size of Ireland is unknown, the new political uncertainty concerns the market sentiment increased.
Irish debt to the EU official on Sunday night the International Monetary Fund (IMF), billions of euros of aid applications. EU and IMF officials said the release of relief funds will depend on the progress of the Irish Government to take measures to restructure debt, reduce the budget deficit outcome of the negotiations.Official for help in Ireland after the announcement, the euro exchange rate was rising.


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2010/11/20

U.S. stocks closed slightly higher, the Dow rose 0.2%

U.S. stock market on November 19 maintained within a narrow range all day, to the three major stock indexes closed slightly higher. As the close, the Dow Jones 30 industrial stock index closed at 11,203.55 points, up 22.32 points, or 0.20%; Standard & Poor's 500 index closed at 1199.73 points, up 3.04 points, or 0.25%; Nasdaq Composite Index closed at 2518.12 points, up 3.72 points, or 0.15%.

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2010/11/19

AIR FRANCE-KLM: AMENDE DE 310 M D'EUROS POUR ENTENTE. (CercleFinance.com) - La Commission européenne a infligé une amende de 310 millions d'euros à Air France-KLM pour avoir mis en oeuvre une entente portant sur les services de fret au sein de l'Espace économique européen. En tout, onze transporteurs de fret aérien ont été sanctionnés par Bruxelles, dont British Airways ou encore Air Canada. "Les transporteurs ont coordonné leur action concernant les surtaxes carburant et sécurité tout en refusant tout rabais sur une période de six ans", entre décembre 1999 et le 14 février 2006, précise la Commission. Le montant de toutes les amendes cumulées s'élève à près de 800 millions d'euros. Pour fixer chacune d'entre elles, la Commission a pris en compte les ventes des entreprises considérées sur le marché en cause, l'extrême gravité de l'infraction, la portée géographique de l'entente et sa durée.

The European Commission has fined 310 million euros to Air France-KLM have implemented an agreement on cargo services within the European Economic Area.

In all, eleven air cargo carriers have been sanctioned by Brussels, including British Airways or Air Canada.
"The carriers have coordinated their actions with regard to fuel surcharges and security while denying any discounts over a period of six years," between December 1999 and February 14, 2006, the Board specifies.
The amount of any fines accumulated amounts to almost 800 million euros.
For each set, the Commission took into account sales of the firms on the relevant market, the extreme seriousness of the offense, the geographical scope of the agreement and its duration.


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NEURONS: RISE OF 15.3% OF INCOME QUARTER

Neurons recorded a turnover of 58.1 million euros in the third quarter of 2010, representing organic growth of 15.3%.

The computer services company said that operating profit activity reached 10.3% and 8.9% of sales total over the first three quarters.
In the first nine months of fiscal 2010, Neural achieved a turnover of 173.6 million euros, up 9.5% organically.
The group confirms its targets for annual income exceeding 230 million euros and revises upward its forecast of operating profit to 9.5%. 


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2010/11/18

Maurel & Prom: SUCCESS OF A NEW WELL IN GABON.

This well a total depth of 1060 meters encountered in the formation of sandstone core saturated hydrocarbon reservoirs of which 39 meters were perforated.
The oil group confirms the extension of the Onal field in south-east.
The well, which has no effect on the anticipated level of reserves at the end of the year, is the second drilled from the same platform.The first well OMOCN-301 had demonstrated the presence of a new compartment in the Base Sandstone.
An exploration well OMOC-N-601 will be drilled in early 2011 on the field OMOC-N outside the EEA Onal, with the aim of Kissenda Sandstone.


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