Stock Market Today

U.S. stocks dip on February 8 pick-up session, as of 23:40 GMT, the Dow Jones industrial average rose 24.18 points to 12185.81 points, or 0.20%; the Nasdaq composite index rose 2.79 points to 2786.78 points, or 0.10%; Standard & Poor’s 500 index rose 1.8 points to 1320.85 points, or 0.14%.
Chinese stocks, rose 7.470 percent NIVS, high-speed media in China rose 7.450 percent, up 6.680 percent New Dragon Asia, such as among the biggest gainers; U.S. semiconductor or 5.900 percent of new, cool down 5.520% 6 media, such as concerted international or 5.17% drop top.
New shares, the McCaw forest rose 4.65%, United Tinto Group rose 3.45%.
News side, China has since last October the 3rd raise benchmark interest rates. One-year lending rate from 5.81% to 6.06%, one-year deposit rate from 2.75% to 3%.

Some of the key officials of the European Central Bank inflation remarks on strongly suppressed, the New York Mercantile Exchange gold futures closed down the 27th.

Among them, the February gold contract fell $ 14.6, or 1.1%, to close at 1,318.40 U.S. dollars / ounce, the highest since last October 4 the lowest since.

European Central Bank (ECB) President Jean-Claude Trichet (Jean-Claude Trichet) at the Davos World Economic Forum in a TV interview that the ECB will not laissez-faire food and other commodities led to the price spiral of rising costs.

Last month, the first time the region over the past two years the inflation rate slightly lower than the ECB’s 2% target level.

Domestic gold, analysts said demand for gold is entering a seasonally strong period of growth, the Chinese New Year is one of the important part.

The analyst also said that even in a typical period of weakness, physical demand for gold during the gold down form the support expected growth in demand is also coming to support prices.

In addition, Standard Chartered Bank (Standard Chartered), said analyst Daniel Smith, a large number of hedge funds fled the gold market, due to a more positive U.S. macroeconomic data, and investors confidence in the euro area has improved.

U.S. Conference Board (Conference Board) released today reported that U.S. consumer confidence index in January rose to 8 months since the highest level, the increase than economists had expected, suggesting that although the housing market is still in an unstable state However, the situation change for the better in the job market situation, the U.S. economic outlook has improved.

The report shows that in January Conference Board’s consumer confidence index from 53.3 points in December last year rose to 60.6 points, than economists had expected. Bloomberg survey showed, according to the survey average forecast of 73 economists, January consumer confidence index rose to 54 points, 50 points to predict the range of 57.3 points. December last year, Conference Board consumer confidence index 52.5 points as a preliminary report.

As of December 2007 in the last growth period, the Conference Board consumer confidence index average of 96.8 points. January Conference Board consumer confidence index rose and the Thomson Reuters / University of Michigan preliminary sentiment index contrasts, the latter index declined in January due to American consumers worried about rising gasoline prices will lead to their personal financial Status damaged.

In an interview with Conference Board survey of U.S. consumers, enough of those surveyed said jobs, the proportion rose from May 2009 to its highest level of personal income is expected to increase in the proportion of respondents 8 months rose to its highest level since. For the Conference Board’s index measuring current economic conditions as amended from last December after rising 24.9 points to 31 points, the highest since November 2008 the highest level since; used to measure the next 6 months, the index of economic situation rose 72.3 points to 80.3 points.

U.S. stocks extend Jan. 21 intraday gains, as Beijing time 00:33, the Dow Jones Industrial Average index was 11,949.11 points, up 77.27 points, or 0.65%; the Nasdaq composite index was at 2711.42 points, up 21.88 points, or 0.81%; Standard & Poor’s 500 index was at 1289.25 points, up 5.9 points, or 0.46%.

 From the disk, China stocks, rose 12.53% in the net line, the China Biological rose 8.59%, 8.21% LDK LDK Solar rose among the biggest gainers, etc.; New Dragon Asia down 9.62%, down 7.36% AutoNavi, wheat Colin fell 6.99% and so decrease the top.

Midday Thursday, the U.S. stock market continued to decline. Fears that China will continue to take measures to curb inflation weighed on stocks. Crude oil futures fell by the impact of general decline in the energy sector.

EST at 11:45 on January 20 (Beijing time at 00:45 on January 21), the Dow Jones Industrial Average fell 59.56 points to 11,765.73 points, down 0.50%; the Nasdaq composite index fell 35.61 points to 2,689.75 points, or 1.31%; Standard & Poor’s 500 index fell 9.12 points to 1,272.80 points, down 0.71%.

China announced strong fourth-quarter GDP growth of 9.8%, raising fears of the Chinese government may adopt more stringent monetary policy to prevent the economy from overheating. This means that as a manufacturing giant in China’s energy demand will decline, so the general decline in the energy sector.

The New York Mercantile Exchange, February crude futures fell $ 2.37, to $ 88.49 a barrel, the lowest intraday had dropped to $ 88.38. Affected by the New York Stock Exchange Arca oil sector index (XOI) fell 1.9%. The index since last Wednesday after a two-year high, XOI index all the way down.

Miller Tabak equity analyst investment institutions Pitt – debate, Boockvar (Peter Boockvar) said, “China’s inflation and possible response measures the central bank, had an impact on the market today.”

Among S & P 500 Index, the largest decrease in natural resources sector. To utility stocks in the consumer goods sector, led by the defensive performance of the best.

Barack Obama (Barack Obama) Wednesday (January 19) urged to reduce trade frictions between China and said the U.S. hopes to work with China in a more equitable and based on such trade.
Chinese President Hu expressed that China is trying to stimulate domestic demand, especially consumer spending.
In addition, Hu said that he welcomed U.S. companies to China, and stressed that U.S. companies will receive equal treatment with Chinese companies. Hu said Sino-US trade a bright future.
Hu Jintao and U.S. President Barack Obama in (Barack Obama), Treasury secretary (Timothy Geithner), and more than a dozen companies from both countries met the chief executive made the stand. These companies include Boeing Company (Boeing Co., BA), General Electric Company (General Electric Co., GE) and Lenovo Group Limited (Lenovo Group Ltd., LNVGY, 0992.HK, referred to as: Lenovo Group).
Obama said the U.S. must get rid of stereotypes, China is not only manufacturing plant in the United States, but the important U.S. trading partners.

Informed sources, the EU has begun to rival Google collect information in order to understand whether Google has abused its dominant position in the search market and prevent fair competition.
The source said the information collected, including the EU vertical search services, competition issues, including whether Google had considered to provide additional products to compete with Google and provide the cost of consuming these products.
European Union, said last November, Google has launched a formal antitrust investigation to determine whether Google has abused its dominant position in the search market. The European Commission said the investigation was in receipt of other Internet search service provider to make a complaint, including Microsoft.
EU issues presented include whether the services found themselves in the Google search ranking suddenly dropped, is causing the number of visitors continued to decline and so on.
In response, Google spokesman Al Woni Brussels (Al Verney) said: “We have worked hard to do the right thing, but there is still room for improvement, so we will cooperate with the EU to address people’s concerns.”

Federal Reserve Bank of New York, announced in January the Central New York State manufacturing index rose, mainly due to shipments to rise significantly. However, the latest Empire State Manufacturing Index is still below market expectations.
January’s Empire State Manufacturing index rose 11.92 points the chain, more than 9.89 points in December last year (revised down the value today) .11.92 point lower than accepted by economists surveyed by Thomson Reuters on average expected 13.00 points.
Manufacturing index sub-index, the January index of the chain of manufacturing shipments rose 25.39 points significantly, higher than last December’s 7.16 points. Central Employment Index rose, the amount of employees from 12 months of -3.41 index points to 8.42 points, average weekly working hours of employees index rose 2.11 points from the point of -14.77.
Inflation, there have been signs of growth, the manufacturing sector in January and income to pay the price index increases, indicating that investment in manufacturing and sales prices are accelerating growth. Business outlook index for the next six months rose 58.95 points, exceeding last year’s 48.86 points in December. New York State manufacturing survey is the first group of U.S. state manufacturing sector on one monthly report.

U.S. stocks opened lower on Friday. U.S. economic data show that December retail sales and consumer price index (CPI) rose, industrial output growth of 0.8% qoq. China raised bank reserve ratio again, the market sentiment frustrated.
EST at 09:35 on January 14, the Dow Jones Industrial Average fell 18.47 points to 11,713.43 points, down 0.16%; the Nasdaq composite index fell 2.89 points to 2,732.40 points, down 0.11%; the S & P 500 Index fell 0.61 points to 1,283.15 points, down 0.05%.
U.S. government report in December CPI rose 0.5%, or an 18-month high, which is very significant gains can be attributed to gasoline prices. Another government report showed U.S. retail sales in December rose 0.6%, has been growing for 6 months.
The Fed announced that U.S. industrial output in December rose 0.8% qoq. According to Bloomberg News survey of economists on average expected for the ring was an increase of 0.4%. November’s industrial output ring which was an increase of 0.4%.