Today’s session began on Wall Street with strong increases in the indexes in line with the positive wave that swept and securities markets in Asia and Europe. Investors welcomed the better than expected sales figures for new homes and orders for production of durable goods in the U.S., which showed the economy recover. Before the start of stock trading today showed that new orders for the production of durable goods in the U.S. jumped 2.9 percent on a monthly basis in April, which was twice as high as expected. The reported growth also is fourth in the last five months, which predicts greater activity in the manufacturing sector of the country. Even more encouraging were the data on sales of new U.S. homes last month, which increased to 504 thousand housing units annually. This is 15% above the March level and their highest value in the past two years. Sales of new homes are leading indicator for the state of the economy and consumer attitudes. The index of the 30 largest U.S. stock market liquidity and Dow Jones IA companies increased by 1.3% to 10 170.87 points and a half hours after the start of the session. The broader S & P 500 advanced at the same time with 1.2% to 1 086.73 points and Nasdaq Exchange main index Nasdaq Composite rose by 1.6% to 2 246.96 points.
Continue Reading

Germany is considering to extend the ban on uncovered short sales of shares of ten banks in the country, so that it applies to all listed shares in Germany, Air Force forward. During the last week, Germany surprised its European partners, such as bans unilaterally uncovered short sales of shares of the ten leading banks in the country, government bonds and swaps related to the protection of non-performing debt for the period ending March 31, 2011. The current proposal from the Treasury is the prohibition to apply for shares and derivatives of all companies. The proposal is likely to be discussed by the country’s Cabinet next week, includes the creation of new “system transparency” for short sales, which include control over some of the financial regulator BaFin. Germany is making high reductions of costs and needs to reduce expenses in case to prevent the strong European economy from the financial and debt crisis. Germany approved high support for Greece last days, which will be returned from the European banks during next years.
Continue Reading