Euro Crisis Ending Hopes Boost Dow Jones

December 5, 2011 Stock Markets
No comments

Wall Street opened sharply higher Monday, amplifying the gains of the previous week, buoyed by a surge of investor optimism, which welcome the efforts of Paris and Berlin to solve the European crisis.

Nicolas Sarkozy and Angela Merkel met in Paris to prepare the EU summit of December 9, presented as decisive for the future of the euro area.

In early trade, the Dow Jones progressed from 1.21% to 12,164.96 points. The Standard & Poor’s, largest, gained 1.4%% to 1261.70 points while the Nasdaq composite took 1.1% to 2656.18 points.

Values, gaining the title Metlife 3.8% at the opening. The first American life insurer expects an operating profit up 7% in 2012, despite forecasts for 2011 below expectations.

The action Yum Brands is 1.2%. The group raised its profit forecasts for 2011 and expects earnings per share up 10% in 2012.

The session will also be marked by the publication in the United States at 1500 GMT of the ISM services for the month of November and controls the industry for the month of October.

Sectors In Focus For Growth

November 18, 2011 Stock Portfolio
No comments

Investors favoring a soft landing scenario (soft landing) of China in 2012, ie growth above 7%, the survey conducted in November by Bank of America, Merrill Lynch with managers of assets globally shows a sector rotation in favor of the energy and raw materials. However, technology stocks continue to be their favorite investment for the fourth consecutive month.

They are 36% net to overweight the sector, which has not left the top three places in the ranking since March 2009. The pharmaceutical industry is second to energy.

The commodities sector has enjoyed a resurgence of interest in November: the managers are the 1% underweight in net against 9% in October.

The banking sector continues to be the most unpopular to insurance and utilities.

Weekly Unemployment Figures In Line

November 6, 2011 Stock Markets
No comments

Traders were betting on the abandonment of the proposed referendum and the fall of the Greek government on the eve of a vote of confidence, the European markets have turned violently on the rise in the morning. U.S. futures contracts also misguided this morning, now part up 1%.

In terms of statistics, weekly unemployment figures are broadly consistent with expectations for 397K, the ISM index of services and industrial orders are expected to 15h.

At 13:45, the ECB also cut its rate by 25 basis points to 1.25%, which should support the compartment of the bank’s new chairman Mario Draghi will speak at 14:30.

Technically, the Dow should continue its upswing began the night before and join the early interactions 11940/11960 points, 50% retracement of the recent bearish movement. Above this level, we can expect a quick return to 12,100 points and 12,300 points.

← Older Entries
Newer Entries →