By Citigroup and the United States banks and other financial shares fell sharply the impact of Thursday the Dow broke through in November of last year's low, closing level since October 9, 2002 the lowest since. Thursday the Dow fell 1.2%, Nasdaq down 1.7 percent, Standard & Poor's 500 index fell 1.2%.
Thursday on the economic data and financial markets do not give surprises. Hewlett-Packard (HPQ) fell 7.9 percent, the company reported first-quarter profit dropped 13 percent, decline in all sectors of performance across the board. By Hewlett-Packard reported fiscal impact of bad science and technology section was down 3.3 percent, science and technology plates are big business in the Standard & Poor's 10 Medium weight plate biggest plate.
Led by the financial section, Hartford financial services company near 25 percent slump. Many bank shares hit 52-week low, investors are worried that the Government measures are not enough to rescue the financial system, and tomorrow happens to be a variety of options expiration date.
Thursday 52-week low hit the banking stocks, including: Citigroup fell 14 percent to close at 2.51 U.S. dollars; credit card company Capital One Financial fell 17 percent to close at 9.04 U.S. dollars; American Express fell 8.7 percent to close at 12.87 U.S. dollars . Bank of America fell 14 percent to close at 3.93 U.S. dollars.
Government data released Thursday that the economic recession to the severe impact the labor market. First-time applicants for unemployment benefits last week reached 627,000 people, higher than market expectations, continuing to receive unemployment benefits reached 4,990,000 people, a record high.
Because of the money supply increase in January's index of Leading Economic Indicators rose 0.4 percent, better than the 0.1 percent growth of market expectations.
January producer price index higher than expected monthly price index and core index increased by 0.8% and 0.4%.
Motley Fool senior analyst James - Early (James Early), "said the bank has become the scapegoat for the economic recession, the banks need more capital to maintain operations. Employment data to enhance the bank nationalization or punishment of government relief measures possibilities. We know that Obama government hopes the protection of civilians, so further measures will no doubt investors will be the cost of sacrifice. "
In addition, traders are concerned about another focus of Friday's options expiration date.
Canaccord Adams United States Securities and Exchange Manager Dave -罗威利(Dave Rovelli) pointed out that "Tomorrow is a variety of options expiration day, banking stocks continued decline in the past month, bank stocks plummeted in the options before the expiration of a great possibility."
罗威利with other market participants said that the banking stocks with the market low in 2008 happens to be in the November 20 and November 21 the date of the right to set the due date, it is by no means a coincidence. Watch option active space usually brought about by the pressure of the underlying shares, investors may be trying to drag options prices exercise price, or short selling the underlying shares.
New York market in recent months, crude oil contract rose 14%, closing price of close to 40 U.S. dollars / barrel, or hit a new high since the end of last year. This morning the Government announced that the United States inventory report showed crude oil inventories last week fell more than ring, this is entirely contrary to market expectations. With the recovery of energy consumption, the U.S. crude oil inventory the first time in eight weeks than the decline in Central.
UK FTSE 100 index rose 0.3 percent, Germany's DAX index rose 0.2%, French CAC-40 index fell 0.1 percent, the Japanese Nikkei Index rose 0.3%.
As of the close, the Dow Jones Industrial Average fell 89.68 points to close at 7465.95 points, a record since October 9, 2002 the lowest since a decline of 1.19 percent. Dow fell to 7447.55 points, the lowest intraday for March 12, 2003 the lowest point since. Dow in March 12, 2003 to the intraday low of 7416.64 points.
Standard & Poor's 500 index fell 9.48 points to close at 778.94 points, slightly higher than November 20, 2008 record of 752.44 points to many of the 11-year low, a decrease of 1.20 percent Thursday.
Nasdaq composite index fell 25.15 points to 1442.82 points, or 1.71 percent.
New York Stock Exchange volume was 14.9 billion shares, stocks outnumbered 2 to 1 ratio.
America's third-largest wireless carrier Sprint Nextel (S) rose 20 percent, the company's fourth-quarter earnings better-than-expected loss from a year ago to 29.3 billion U.S. dollars narrowed to 1.6 billion U.S. dollars.
Supermarket chain operator Whole Foods Market (WFMI) soared 37%. The company announced a better-than-expected quarterly profit, and its full-year profit is expected to release that topped analyst estimates.
The bond market fell, the 10-year bond yields 2.75 percent from Wednesday's 2.86 percent rise to 3-month short-term bond yields rose to 0.30 percent from 0.31 percent.
The U.S. dollar against other major currencies mixed.
U.S. first-time applicants for unemployment benefits last week, a total of 627,000
The United States Labor Department reported that first-time applicants for unemployment benefits last week, the number unchanged from the previous week, still in the last century since the early 80's the highest level.
The Labor Department report shows that, in the February 14 week, the United States the number of first-time applications for unemployment benefits for 627,000 people, unchanged from the previous week, almost the same week last year, twice the figure. Two weeks before the initial jobless claims to 631,000 people.
Reflect trends in the job market around the average first-time applications for unemployment benefits increased by 10,500 people, amounting to 619,000 people.
In the United States Bureau of Labor Statistics (Bureau of Labor Statistics) compiled by the United States in February the employment status of families and businesses report, it will be used as of February 14 (that is, the number of reports to apply for unemployment benefits the same week) data. February employment report will be released March 6.
The Labor Department reported that jobless claims continued to remain at the highest level in history in the February 7 As the week continued to apply for unemployment benefits, nearly five million people. Apply for unemployment benefits continued to increase in the number of 170,000 people, amounting to 4,980,000 people; four-week moving average of continuing jobless claims increased by 92,500 people, amounting to 4,830,000 people.
Participation in unemployment benefits scheme employees of the unemployment rate has fallen from 3.6 percent the previous week rose to 3.7%.
Tuesday, Obama signed by the President of the United States to stimulate economic growth planned for the United States provided more unemployed people to help. Unemployed persons apart from access to regular unemployment compensation, Obama government will receive unemployment benefits staff time be extended for a further 20 weeks; in the highest unemployment rate in 29 states, the unemployed receiving benefits has been extended by the time 33 weeks .
In addition, the weekly unemployment benefits will receive 25 U.S. dollars has also increased.
Obama said the plan to stimulate economic growth will be retained, or to create 3.5 million job opportunities.
The United States in January leading economic indicators index rose 0.4%
America Economic Advisory Board (Conference Board) released survey data show that the economic slowdown this year, momentum will continue, but the extent of the economic recession is expected to ease in the coming months.
The organization announced that leading economic indicators index rose for two consecutive months, reading in January rose 0.4 percent, but rose in December was revised downward to 0.2%.
The index has recently been higher due in part to the Federal Reserve System to the U.S. money supply has injected a substantial amount of money. Despite the January leading economic indicators rebounded, but the job market and housing market decline unabated, the performance of various sectors of the economy is still flagging.
Economist of the organization is willing to -葛德斯坦(Ken Goldstein) pointed out that "the second half of 2009 economic growth likely to remain weak. In fact, even though the economy may be in the next few months the beginning of a long recovery process, but to restore the vitality you need to wait until 2010. "
U.S. January PPI rose 0.8% in the core index rose 0.4%
The United States Thursday, the Labor Department reported that gasoline and other energy products prices under the impetus of January producer price index (PPI) rose 0.8% in accidents for the first time since July last year, rose.
Energy prices rebounded sharply, rising 3.7 percent in January, in which gasoline prices soared 15 percent, to 14 months to the greatest gains. In December last year and in November, energy prices decreased by 9.1% and 12.4%. If excluding food and energy items, core PPI in January rose 0.4%.
Prior to Wall Street economists on average expected the producer price index rose by 0.4%, core PPI increase of 0.1%.
However, with the same period last year, PPI continues to decline in January 1%.
Food prices in January fell 0.4%.
The Labor Department is scheduled to announce Friday the consumer price index. Economists expected consumer prices in January rose 0.3 percent, core consumer prices rose 0.1%.
Natural gas and gasoline prices soaring energy prices is to promote the main driving force. January, natural gas prices rose 20.2 percent, while gasoline prices rose 15%.
Unexpected drop in oil inventories rose 14 percent in New York
New York market, the most recent contract sharply higher crude oil 14%, closing price of close to 40 U.S. dollars / barrel, or hit a new high since the end of last year. This morning the Government announced that the United States inventory report showed crude oil inventories last week fell more than ring, this is entirely contrary to market expectations. With the recovery of energy consumption, the U.S. crude oil inventory the first time in eight weeks than the decline in Central.
The United States Energy Information Administration (EIA) released data show that among the United States over the last four weeks of daily average consumption of petroleum products for the near 20 million barrels, a record for a year to a new high of more than a month ago, a substantial increase in 2.6%. At the same time, the United States last week, crude oil inventories fell 20 million barrels per day. Most analysts expect the figure will increase by 2-4000000 barrels.
New York Mercantile Exchange crude oil contract in March period rose 4.86 U.S. dollars to close at 39.48 U.S. dollars, or up to 14%. The contract was trading up more than 15%, to 39.85 U.S. dollars.
Energy research firm WTRG Economics economist James - Williams (James Williams), said: "In view of the retail price of gasoline is now only two-thirds of the same period last year, although many people have lost or are about to lose their jobs, consumers spent more many of the petrol is not particularly shocking. anyway read today's inventory report, which will push oil prices are definite. "
3-month contract will expire this week, closing Friday. At present, the April contract trading volume greater and better able to reflect the traders on the future movements of oil prices in view. Today, April contract rose 2.77 U.S. dollars to close at 40.18 U.S. dollars, an increase of 7.4%. 3,4 on the contract price further reduced to less than 1 U.S. dollars.
Rising oil prices push factors include the U.S. dollar against the euro exchange rate fell. Subjected to the weight of the recent rebound of the euro today, has reported that European leaders could take further action to prevent Eastern Europe into a complete economic crisis, at the same time will work to restore the economic vitality of the euro zone. Under normal circumstances, the U.S. dollar decline will boost dollar-denominated commodity prices go up, and oil are the most important of these commodities a.
EIA's report also pointed out that as of February 13 during the week, the United States, excluding the Strategic Petroleum Reserve oil stocks decrease 20 million barrels to 3.506 million barrels. One day this week because of the president, so the publication of data was postponed a day. In addition, Oklahoma Cushing - the New York Mercantile Exchange oil futures listed on the delivery point - the stock remains near the highest point in history, to 34.9 million barrels, unchanged from last week. Over the past four weeks, the American supply of petroleum products to a total volume of 19.95 million barrels daily, over the same period fell only 0.1%.
Thursday European stock indexes nearly unchanged this year, a new low
Basically the same as European stock markets Thursday. Nestle and other large enterprises insurance Chan Choi reportedly failed to improve the gloomy market sentiment, so that European stock markets remain at near record low levels this year.
Barings Asset Management agency in Europe of high market value of the stock market listed companies in charge of research departments James - Buckley (James Buckley) said, "On the one hand, market sentiment and stock market have been reduced to a very low level, on the other hand, the stock market is still affected by global economic situation remains in the doldrums with no signs of improvement. "
He said that European stock markets are expected to remain within a narrow range of turbulence, investors see the world's governments adopted measures to stimulate economic growth likely to rebound after a role to play.
As of the close, the Dow Jones pan-European FTSE Eurotop 600 index (ST: SXXP) rose slightly to close at 183.39 points. Yesterday the index closed at 183.35 points.
Thursday the European major stock markets in the country, the German DAX 30 index (DX: 1876534) rose 0.2 percent, to close at 4215.21 points. French CAC-40 index (FR: 1804546) fell 0.1 percent, to close at 2872.60 points. UK FTSE 100 index (UK: UKX) rose 0.3 percent, to close at 4018.37 points. Asian stock markets closed Thursday basic high, the U.S. stock market opened down slightly.
European stock markets today, investors are very concerned about the major companies announced results.
Swiss food giant Nestle (Nestle) (CH: NESN) rose 5.2%. The world's largest food and beverage manufacturers announced that benefit from increased sales as well as proceeds from the sale of assets, in fiscal 2008, net profit grew 69 percent, amounting to 18.04 billion Swiss francs (15.4 billion U.S. dollars). Nestle also announced a dividend increase. Nomura Securities analyst said that "in accordance with the operating results of consecutive terms, Nestle, but the results are in line with expectations. However, given the general performance of its peers in the doldrums, but Nestle has also recently lowered than expected, so we think the company announced today The good results. "
London stock market in the United Kingdom and the Netherlands joint venture printing company Reed Elsevier (RUK) (UK: REL) (NL: REN) shares rose 4.1 percent; Amsterdam stock market in the stock rose 5.4 percent. The company announced that fiscal 2008 adjusted pretax profit after an increase of 21 percent, amounting to 1.2 billion pounds, exceeding market expectations. The company also said fiscal 2009 is expected adjusted earnings per share after the figure will be increased.
Paris, the French insurance giant AXA insurance companies (Axa) (FR: CS) (AXA) fell 9.1%. AXA insurance company announced that net profit in fiscal 2008, a decrease of 84 percent year-on-year, at the same time warned that fiscal 2009 results will continue to face challenges, especially in life insurance and asset management areas of the two operations. AXA insurance company in the results announced after, WestLB will its stock rating from "overweight" downgraded to "neutral." The agency said, "AXA insurance company in the market throughout the year is expected to slightly better performance, but apparently has been mainly from the asset management sector to promote a one-time projects. We think this company on the asset management business highly dependent, This will make it the fiscal year 2009 performance in a very disadvantageous position. "
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