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The Market Looks Forward To The US Federal Reserve Policy &Nbsp; The US Stock Market Is Mixed Up On Monday.

2010/11/2 10:05:00 48

Fed'S US Stock Road Jones Industrial Average Rose


As of 4:00 pm Eastern time,

Dow Jones industrial average

Up 6.13 points.

Gain

From 0.06% to 11124.62, the Nasdaq composite index fell 2.57 points, or 0.10%, to 2504.84 points; the standard & Poor's 500 index rose 1.12 points, or 0.09%, to 1184.38 points.


Market expectation

Federal Reserve

Policy, Monday

US stock

Ups and downs.


Although the manufacturing data of China and the United States were positive, investors still worried about the recovery of the economy before the mid-term elections and the Fed's decision making conference. The market sentiment was cautious, and the US stock market went up sharply on Monday. The Dow's intraday concussion finally rose 6.13 points, or 0.06%, and the NASDAQ fell 2.57 points, or 0.10%.


On the disk side, energy and pport sector led, public utilities and technology sector led the decline.

In terms of stocks, Intel -T rose 2.59%, Chevron fell 1.39%, kraft fell 1.52%, JP Morgan fell 0.56%, BP fell 0.07%, MasterCard fell 0.45%, Avanir Pharmaceuticals rose 98.35%.

Exxon Mobil rose 0.69%, Halliburton fell 1.38%, AMD rose 0.34%, Ambac fell 50.15%, and AIG fell 0.21%.


European stock market volatility, investors wait for the Fed's decision, Pan European Dow Jones index closed at 266.40 points on Monday, or 0.17%.

The index rose 0.5% to 267.21 points in the session.


Sino US manufacturing data push up oil prices Monday to $1.52 to $82.95 a barrel, or 1.9%.

Wait-and-see sentiment led to a drop of $7 in gold prices to $1350.60 an ounce, or 0.5%.


Economic data


At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that the US personal income fell by 0.1% in September, the biggest decline since July 2009, and economists generally expected a 0.2% increase in the ratio.

This data was increased by 0.5% in August.


At 10:00 a.m. Eastern time, data released by the US Supply Management Association (ISM) showed that the US ISM manufacturing index increased unexpectedly to 56.9 in October, and economists generally expected the index to be reduced to 54.

In September, the index was 54.4 points.


At 10:00 a.m. Eastern time, data released by the US Department of Commerce showed that construction spending in the United States increased by 0.5% in September, while economists generally expected the figure to decrease by 0.5%.

Construction expenditure grew by 0.4% in August.

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Company news


Ambac, the largest US bond issuer, has started negotiations with senior bondholders on a debt restructuring plan through a pre Group bankruptcy programme. ABK.

If it fails to reach an agreement, the company may file for bankruptcy protection by the end of the year.


AIG said it has recently raised $37 billion from its foreign insurance business to prepare for repayment of the US government bailout loan.

AIG has completed the sale of its US life-insurance company $16 billion 200 million to metropolitan insurance, and AIA Hongkong listed successfully raised $20 billion 510 million.

The money raised will be used to repay the company's total debt of 100 billion US dollars.


News Corp. expects to formally apply to the European Commission this week to request its approval of Sky TV.

In June, the company said it was willing to buy 61% stake in Sky TV at a price of 700 pence per share.

The European Commission will conduct a preliminary assessment of 25 days to decide whether to take further investigation.


New York Times group plans to raise $200 million by issuing bonds, which will be used to repay debts and other financial debts.

The company announced earlier that it would repay the debt of Carlos Slim, the world's richest man and Mexico Telecom tycoon, to $250 million in advance, but did not specify the source of funds for repayment.


The health care services and information technology company McKesson Corp (MCK) agreed on Monday to buy US Oncology, a cancer treatment and research network company at a price of 2 billion 160 million US dollars.

The deal is expected to end in December 31st, when it will assume all the debts of US Oncology.


The Abu Dhabi government has included Exxon Mobil, Holland Royal Shell and Western oil companies and other oil giants into the final candidate list of the total 10 billion US Shah natural gas project partners.

The former co operative ConocoPhillips, the latter announced its withdrawal from the project in April.

Abu Dhabi is the largest oil reserves in the United Arab Emirates.


In the third quarter, Goldman's fixed income trading revenue accounted for only 19% of the eight major US and European banks, a sharp decline compared with the peak 29% in the fourth quarter of 2009, and is losing its advantage in fixed income trading.

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