April 14th, 2010 | 
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Stock markets on Wall Street again showed its performance as investors are optimistic financial reports from several big companies will provide a good income. Index Dow Jones average of 13 points or slightly higher level to 11019.42 0.12 percent, the index of the Standard & Poor’s 500 rose 0.81 points, or 0.07 percent, to 1197.29. While the Nasdaq Composite Index rose 8.12 points, or 0.33 percent to 2465.99.
Quoted from Reuters, Wednesday (14/4/2010), some analysts said the gain over the season can minimize equity earnings and anticipate a strong result. Nevertheless, shares of Alcoa’s local time on Monday reported that revenues decrease print send its shares down 3.2 percent to $ 14, 11. Read the rest of this entry »
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Issuance of short-term Greek government Obligation amounted to 1.56 billion euros ($ 2, 12 billion) oversubscribed (oversubscribe). The Greek government bonds with maturities of one year recorded 3.9 billion euros and a six-month maturity amounted to 4.6 billion euros.
“The Greek government decided to sell the bonds mature in one year and six months respectively 780 million euros,” said the Greek Public Debt Management Agency, as quoted from the AFP on Wednesday (14/4/2010).
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South Korea’s central bank yesterday raised the country’s economic growth projection to 5.2 percent in 2010. If met, the figure represents the fastest growth in four years encouraged the strengthening of exports and improving domestic demand.
Latest projections South Korean central bank is better than the previous forecast in late December and the 4.6 per cent. Projections are also more optimistic than the Finance Ministry forecast of five percent. Origin unknown, throughout the 2009 South Korean economic growth registered only 0.2 percent.
“Along with the global economic recovery that is faster than expectations, exports and domestic demand has been steadily improving. This prompted central banks to revise growth projections, “says Research Director Central Bank of South Korea Lee Sang-Woo, quoted from the AFP on Monday (12.4.2010). Read the rest of this entry »
Greek current debt problem may be in the spotlight many parties, especially the European Union. However, financial difficulties were also threatened Japan, the largest economy in Asia. This can be seen from the Japanese financial deficit, which according to some analysts the state’s largest public debt than any other industry. Japanish Domestic public debt is estimated to reach 200 percent of Gross Domestic Product (GDP) in 2011.
Next year, the Japanese Government’s target out of the crisis because of declining tax revenues and skyrocketing welfare costs due to an aging population of its citizens. Based on fiscal year 2010 report, Japan’s nominal GDP reached 475 trillion yen. While the debt is estimated to approximately 950 trillion yen. This means that every resident of Japan’s debt burden of approximately 7.5 million yen per person.
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Shares in the United States (U.S.) strengthened local time on Friday where the Dow Jones index recorded exceeded 11,000 for the first time in over a year.Quoted from Reuters, Saturday (10/4/2010), reinforcement was driven by an optimistic view of oil companies Chevron and wholesale inventories data the data that boost the economy.
The average index of the Dow Jones Industrial (DJI) rose 70.28 points, or 0.64 percent to 10,997.35. Index Standard & Poor’s 500 rose 7.93 points, or 0.67 percent to 1,194.37.While the Nasdaq Composite Index rose 17.24 points, or 0.71 percent to 2,454.05. As for this week, the Dow rose 0.6 percent, the S & P 500 rose 1.4 percent and the Nasdaq soared 2.1 percent.
Shares of energy companies S & P rose 1.1 percent where it has been to lead and promote the market. While stock prices of Chevron Corp. climbed 2.4 percent to USD79, 50. In addition, U.S. wholesale inventories data recorded rose more than expected in February and sales at wholesale to reach the highest level in 16 months. This means that there are bright prospects for economic growth and profits for the first quarter.
Meanwhile, shares of technology companies, which often become the economic power, also outperformed the broader market. Cisco Systems rose 1.2 percent to $ 26, 60 and Microsoft Corp. rose 1.4 percent to $ 30, 33. “Most investors recognize that a recession has ended, and the question facing the market right now is whether we move from recovery to sustainable growth?” said President Market Strategy at RDM Financial in Westport, Connecticut, Michael Sheldon.