Home >

Last Week, U.S. Stocks Rose To &Nbsp, And February Employment Data Drew Attention.

2012/3/5 13:06:00 11

The US stock market was mixed with each other last week. According to the plan, the US government will issue a more comprehensive February non farm employment data report on Friday. The five major central banks of the world will discuss interest this week, and the results of the Greek bond replacement plan will now appear.

Three major U.S. stock indexes showed mixed growth last week.

The S & P 500 index rose 3.89, or 0.28%, and the Dow Jones Industrial Average fell 0.04% or 5.38 to 12977.57;

NASDAQ

The composite index rose 12.44, up 0.42%.

The NASDAQ China Index has outperformed the general trend by 8.54 or 4.91%, closing at 182.45.

On Friday, the Labor Department reported the non farm employment report in February.

According to a Reuters survey, the number of non-agricultural employment in February this year will increase by 210 thousand, down from 243 thousand in January, but higher than last December's figure of 203 thousand, and it is expected to maintain a continuous increase of over 200 thousand in March.

If the above prediction is true, it means that the number of non farm employment in the United States has declined for three consecutive months.

In terms of unemployment, analysts believe that the unemployment rate will remain unchanged at a 8.3% year low of three in February.

Speaking last week, Federal Reserve Chairman Bernanke pointed out that the US labor market has not yet returned to normal level.

At the same time,

Nasdaq market intelligence

Stephen believes that rising oil prices are worrying the market.

Gasoline prices in some US cities have exceeded $4 per gallon.

Stephen points out that the rise in gasoline prices will lead to a tax burden on consumers and a reduction in corporate profits, which is not conducive to the recovery of economic recovery.

On European debt, Greece formally issued a debt replacement offer to private sector creditors on Friday, involving a total of 177 billion euros of Greek government bonds.

Greece hopes that 90% or more creditors can sign the agreement.

The replacement plan will reduce the face value of Greek bonds such as commercial banks and other private creditors by 53.5%, and the actual write downs will exceed 70%.

Greece is expected to learn about it in March 8th.

Bond replacement private investment

Proportion of people.

If the proportion of investors participating in the replacement is between 75% and 90%, Greece will consult with the public creditors. Otherwise, Greece can only enforce collective action clauses by law, that is, CAC enforcement exchange, which will be a great blow to the market.

The March 9th euro zone leaders' conference call will also see the participation rate of the replacement plan and make the final decision on the second round of Greece's rescue plan.

According to Reuters, Charles Dallara, the chief negotiator of Greek bond private creditors, said on Saturday that it is confident of successful bond swap.

But rating agency S & P lowered its rating to "selective default" last week. Moodie also lowered the rating of Greek foreign currency bonds to the lowest "C" level.

In addition, the Central Bank of Europe, the United Kingdom, Canada and Australia and New Zealand will announce interest rate resolutions this week.

The market expects that countries will maintain interest rates before.

The European Central Bank last week completed a 529 billion 500 million euro long term refinancing operation, LTRO, to further ease the Liquidity Dilemma of the market.

On Thursday, the European Central Bank President Delagi will address the euro area's economic and monetary policy prospects, and investors will pay close attention to it.