The U.S. indexes made a step backwards at the beginning of today’s session, which last for the current quarter after disappointing data on the labor market of today. They showed that employment in the private sector of the U.S. economy unexpectedly fell in March, with another 23 thousand people were unemployed. Market expectations were for an increase in the number of jobs by 40 thousand this month. Worse than expected and proved data on factory activity in the North Western United States, which slowed its pace of growth in March. The index of economic activity in the factory sector in the Chicago area dropped to 58.8 points in March to 62.6 in February. The indexes withdrew part of its initial decreases after it became clear that new orders for the production of manufactured goods rose for the sixth consecutive month in February. This is a good sign for the economy because it portends greater activity in the manufacturing sector in the coming months. The index that tracks the value of new factory orders rose by 0.6 percent compared to January when increased even more by 2.5% on a monthly basis. The index of 30 most traded companies with the highest market capitalization Dow Jones IA lost 0.1 percent to 10 891.7 points an hour after the start of the session. The broader S & P 500 gave up 0.1 percent to 1 171 points and Nasdaq Exchange Nasdaq Composite main index remained unchanged at 2 410.57 points.
Read the full story

The American auto giant Ford Motor took first place in sales of new cars in the U.S. in February and surpassed its rival General Motors in Detroit for the first time in 12 years, and the world leader in the automotive industry in the face of Toyota. In the past month Ford managed to sell 142 285 cars and trucks in the U.S.. The increase amounted to 43.1 percent annually, which puts Ford at the forefront of the automotive market, whose foundations were built by the same company more than a century, sent Wall Street Journal. Sold by all companies in the U.S. automotive vehicles rose to 10.38 million units annualized in February compared to 9.17 million years ago. Autodata calculations show that Ford’s market share has increased by about 2 percentage points last year to 17%. Sales of General Motors rose by 11.5 percent annually to 141 951 cars and trucks in February, while those of Toyota fell by 8.7 per cent to 100 027.
Read the full story

The Consumer loans in the United States in January unexpectedly increased by $ 5 billion or an annual rate of 2.4 percent. With the largest contribution to growth is the increase in loans to buy cars. The data of the Federal Reserve (U.S. central bank) for December were revised down. In the last month of last year loans fell 4.6 billion dollars instead of the original estimate of a decline of 1,7 billion. After initial assessment in December, economists predicted a decline in January amounted to 4,5 billion dollars. This is the first increase in loans last year and shows that consumer confidence in the U.S. economy growing. “This is a sign that the economy is on the bottom and consumers begin to spend again,” said Chris Rapkey, an economist at Bank of Tokyo-Mitsubishi. “The increase in loans kicks prospects for the economy this year.” Consumer spending represents 70% of GDP.
Read the full story

Throughout 2009., Sales of existing homes in the United States amounted to 5.16 millions units, up by 4.9% annually from 4.91 millions units reported for 2008. This is the first increase in sales of existing homes in the U.S. for 2009. since 2005. here, but is largely supported the initiative, which supports the purchase of a first home in the country and in the amount of 8 thousand dollars for every buyer. In December sales decreased by 16.7 percent on a monthly basis until season middle 5.45 million units. with expectations for a drop of 10.0 percent on a monthly basis. In November, data showed an increase by 7.4% on a monthly basis to 6.54 millions units.
Read the full story

The price of crude oil remains near the level of 79 dollars a barrel during electronic trading today in Asia in anticipation of the latest data for this year the Ministry of Energy in the United States. Economists expect that stocks of crude oil, the largest economy in the world fell for the fourth consecutive week in the seven days to December 23rd. Estimates are for a decrease in U.S. oil reserves of 1,85 million barrels once during the previous week, they fell more than expected by 4,9 million barrels. U.S. light crude for delivery in February, slightly more expensive by 0.3 percent to 79.08 dollars per barrel in today’s times of electronic trading on the New York oil exchange. Crude Oil futures ended Tuesday’s session in a price increase of 10 cents to 78.87 dollars per barrel. This is their highest price level since mid-November date. For the past five trading sessions oil has risen by nearly 9 percent, and the beginning of this year the price of energy raw materials has risen by 77 per cent. Within the past decade it has increased threefold, according to Bloomberg. Appreciation of the dollar in December, however, act as a brake on growth in the oil price.
Read the full story

The investors are imported 11.1 billion in U.S. mutual funds in the week that ended on 23 December. This is the largest inflow for the past 79 weeks show data analyst firm EPFR Global. At the same time withdraw funds from cash funds slows gasket during the last week, it is clear from the data. Large funds remain profitable investments in emerging markets who are about to celebrate a record inflow. Funds for investment in shares and investment in these bonds, which are monitored by EPFR, are respectively 13.3 and attracted $ 4 billion last week. Most funds were directed to funds for investment in shares in the U.S. However, since the beginning of the year from funds investing in shares of the U.S. market have withdrawn 69 billion dollars.
Read the full story

The Announced commitments for bad credit card in the U.S. grew in November. This happened after two consecutive months of decline in credit card write-offs. However, it is encouraging that the delinquency rate liabilities decreased again. Credit card write-offs increased by half a percentage point to 10.56 percent in November, data showed on Moody’s. Expectations are that exits next year will increase to 12-13 per cent in the middle of next year, transmit CNBC. Delays, which measure the share of obligations in which payments are overdue by more than 30 days, increasing to 6.2 percent, while the shorter delays fall to 1,6 per cent in the month, data showed. The rate of repayment of debt, which measures the average amount of principal that borrowers pay each month, falling by 0.89 percentage points to 16.42 percent.
Read the full story

The Federal Reserve Chairman Ben Bernanke defended his post and taken steps under his leadership from the central bank in the U.S. to fight economic and financial crisis. Bernanke made the statement before the Senate, which must consider his candidacy for a second four-year term until the end of December. Under his leadership, the Federal Reserve cut the key rate in the United States to levels close to zero and set aside 3 trillion. dollars to strengthen the financial system. Bernanke warned that lower interest rates can not be changed prior to the careful analysis and assessment of the economic situation. He added that the Federal Reserve will implement the strategy of tightening monetary policy in such a way as to encourage job creation and to maintain price stability in the country. Some of the MPs in the Senate believe that the reelection of Bernanke will become the right message to the financial markets. Others, however, vehemently criticized the measures taken by the Federal Reserve steps forward BBC. Ben Bernanke’s mandate expires at the end of January. U.S. President Barack Obama nominated him for another term as chairman of the Central Bank of the United States in August, but his reappointment must be confirmed by the Senate.
Read the full story

The price of oil fell to 76 dollars a barrel during electronic trading today in Asia after the data for unexpected contraction in the services sector in the United States darken depreciation of the dollar. This week it became clear that lower demand has increased oil reserves of the largest energy consumer in the world more than expected. U.S. light crude for delivery in January to 0.4% cheaper to 76.15 dollars a barrel during electronic trading on the New York oil exchange. Oil futures ended Tuesday’s session to drop the price of 14 cents to 76.46 dollars per barrel, the lowest level last week. Compared to last Friday U.S. crude oil has dropped by 0.2 percent, but the beginning of the year its price was raised by 70%. He may continue to become cheaper now, if the data for unemployment in the U.S. market in November, disappointed analysts. They expect it to remain at a level of 10.2 percent for the second month. In the hours electronic trading on the international petroleum exchange in London Brent crude oil traded slightly decrease the price by 0.2 percent to 78.17 dollars per barrel.
Read the full story

The main stock indexes in the United States did not make an exception and also went to negative territory in early session today after holiday similar to those in Asia and Europe. Among losers ran those companies from the financial, energy and extractive industries. Reason for this were concerns about the inability of the state’s largest investment holding company of Dubai to pay its obligations. The way in which world financial markets reacted to news about the financial difficulties of the emirate of Dubai, showed how market participants remain sensitive to any bad news from the financial sector. Today’s trading will be shortened by half and therefore the liquidity is expected to remain low until the end of the trading session, which will end at 20:00 pm local time. The index of the 30 most liquid companies large and Dow Jones IA decreases by 1.2% to 10 341.6 points an hour and a half after the beginning of the session. On Wednesday, the stock measure reached its highest peak in the last 13 months of good data on the housing market and the labor market. A broader index S & P 500 also lost 1.2 percent to 1 097.3 points, after the very beginning of the session are reduced by 2.5%. The index, which combines all companies in exchange Nasdaq – Nasdaq Composite, retreated 1% to 2 153.5 points.
Read the full story