The European stocks rose for the fifth consecutive day thanks to some better-than-expected corporate profits, police Bloomberg. The Shares of Ahold chain stores reported the strongest growth since May – with 5 percent after the company announced an increase its dividend by 28 percent. At the opposite pole were shares of shipping company Maersk, which sank 4 percent after the group announced its first annual loss since World War II. Pan-European Stoxx Europe 600 index ended trading with a growth of 0,1 per cent to 252.93 points after a highly volatile session. Growth was limited by the end of the planned report on housing sales in the U.S. unexpectedly fell in January. Major national indexes advanced on 9 of the 18 western European markets. The UK’s FTSE 100 lost 0.1 percent to 5527.16 points while France’s CAC 40 and German DAX retreated with 0.4 per cent respectively to 3828.41 and 5795.32 points.
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Plenty of economic news, quarterly financial reports and data on the labor market in the U.S. made investors on Wall Street to take a cautious stance at the beginning of today’s trading session. The U.S. President Barack Obama confirmed that the creation of new jobs in the United States will be a major priority of the government this year in his statement before Congress. Meanwhile, in the Swiss resort town of Davos to hold the World Economic Forum, and today French President Nicolas Sarkozy called for a thorough rethinking of capitalism and criticized the scheme for payment of bonuses, which have no relation to the quality of management. Participate in the forum and renowned investor George Soros, who called for reducing the size of banks. Before the start of the session weekly data on new applications for unemployment benefits showed that initial unemployment in the United States remains relatively high during the past week. Moreover, the data were disappointing for the orders for the production of durable goods, whose value increased four times less than expected by 0.3 percent on a monthly basis in December. Among the most important quarterly results are those of carmaker Ford Motor, which came to an annual profit for the first time since 2005 and those of the communication company Motorola, which returned to profit in the fourth quarter of 2009, Procter & Gamble, involved in the index Dow Jones IA, turn out a profit of 4.66 billion dollars for the last three months of 2009
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The first month of the new year has brought a loss of securities markets in the Asian and Pacific region. National stock indexes registered significant decreases on a monthly basis, which are highest for measures of stock in China and Hong Kong. They lost between 6% and 10% of its value last month amid a tightening of monetary policy of many central banks. The regional index MSCI Asia Pacific fell 2.5 percent below its closing by the end of December 2009 This is the strongest part of its loss in February 2009 then the stock measure, which covers the securities markets in ten Asian countries, plus Australia and New Zealand, losing 10 percent in one month and fell to multi-floor because of the crisis in the global economy. During today’s trading MSCI Asia Pacific sank 1.7 percent to 117.05 points up and is on track to record strong weekly loss of 4.5 percent. This is the strongest weekly decline for the regional index of March 2009 The reason for this largely rose the news that the central banks of China, India and the U.S. tightened its monetary policy, which will reduce investments in financial assets. Central Bank of India today increased the minimum mandatory reserves commercial banks must hold as a deposit on it. The rate now stands at 5.75 per cent of their deposits to the previous 5 percent, cited by Bloomberg. This is a measure to withdraw excess liquidity from the economy of India, which along with China is the fastest growing Asian country.
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The U.S. stock indexes continued to be traded in the Range beginning of a new week, shares of the telecommunications sector supported the market. However, the rise in shares was limited by the possibility the Fed to raise base rate earlier than expected. The strong dollar in recent days has affected negatively on the prices of some companies. Verizon Communications was one of the best performing companies in the Dow Jones, having risen by 2.42 percent to 33.49 dollars. Sprint Nextel Corp. add 5 percent to 3.88 dollars after the third largest provider of wireless internet will most likely increased by 50 percent its offer for Virgin Mobile USA Inc. This is a consequence of constantly increasing number of prepaid services offered by the company. Comcast, the largest U.S. cable television, rising by 4.7 percent to 16.89 dollars after Barron’s said that the company is profitable to purchase. Companies offering credit cards, rose after Bank of America Corp. increase their ratings, as announced that they will most likely realize significant revenue from the economic recovery. American Express rose by 1.3 percent to 39.79 dollars, while Capital One Financial add 0.9 percent to 38.25 dollars. Advanced Micro Devices Inc. is shot with 7.8 percent at 8.48 dollars, while Nvidia Corp. also recorded high growth, rising by 13% to 16.12 dollars.
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The price of oil dropped to its lowest level in over six weeks since the news that the government investment fund Dubai World in Dubai has requested postponement of payments on obligations, which exceed $ 59 billion. The decline in the value of the raw material was also supported by increased oil stocks in the U.S., indicating weak demand from consumers and industry. U.S. light crude for January delivery fell by $ 3.44, or 4.4 percent to 74.52 dollars per barrel in late Asian trade. For the last oil is sad at this level on October 14. Since the beginning of the week the raw material decreased from 2.8%. The dollar, which was one of the few winners from stall stock prices of raw materials and upload their values to levels of 1.4920 EUR / USD against 1.5019 EUR / USD yesterday. Rally index MSCI Asia Pacific, which monitors presentation of shares in the Asia-Pacific region fell by 3% to 114.08 points in Tokyo. This was his most potent decrease from August. Quotes of the indexes S & P and Dow Jones Euro STOXX 50 is accordingly decreased by 3.2% and 1.7%. Main DAX index of the Frankfurt Stock Exchange fell by 0.60 percent this morning after yesterday sank more than 3% Index CAC 40 of the Paris Stock Exchange lost 1.79 percent targets yesterday after a decline of 3.41% London FTSE-100 fell by 0.80%
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