Monday, January 10, 2011

Employment data hurt Wall Street market decide the direction of earnings reports this week

 U.S. and European stock markets rally
the last trading day last week, suffered in the employment data raid. 7, U.S. and European employment data released a chilling, though the U.S. unemployment rate fell in December last year, but much weaker than expected new jobs; the EU unemployment rate is still highest in the double digits. Affected by the end of the two major markets rose for the momentum, turned down. Some analysts believe that investors should focus on the United States this week, the fourth quarter last year, quarterly reports, which will be about the last stage of the main reason for the market.

7, the U.S. Labor Department figures released last year, U.S. non-farm sector in December unemployment rate fell to 9.4% for the 19 months since the lowest level. But last December the U.S. added only 103,000 jobs, an increase well below previous market expectations of 175,000.

years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
7 Eurostat also released data showed the euro zone last year, November unemployment rate unchanged in October, to continue to maintain the highest level of 10.1%. Meanwhile, the unemployment rate in EU-27 consecutive 10 months remained at 9.6%, higher than 9.4% over the same period in 2009.

Bernanke went to 7, said Senate Budget Committee hearing in support of consumer and business spending, the 2011 U.S. economic growth will be U.S. high unemployment situation. Analysts expect the Federal Reserve which could strengthen the full implementation of the acquisition of treasury's plan.

affected by the poor employment data, on three major U.S. stock indices fell across the board. The Dow Jones index ended down 0.19%; Standard & Poor's 500 Index was down 0.18%; the Nasdaq composite index fell 0.25%. However, the weekly index remains three consecutive Six-yang, where the Dow Jones index rose 0.8%; the S & P 500 Index and the Nasdaq Composite Index rose 1.1% and 1.9%.

index of pan-European blue chip index ended down 0.25% 7 also, but last week, closed up 2% compared with March 2009 and the historical lows reached more than 77%.

in the U.S. and European stock markets fell 7 market, the financial stocks to play, 7, the U.S. stock KBW Bank Index fell 0.9%, down 2% Wells Fargo Bank, Union Bank fell 0.8%. European bank shares also fell, BNP Paribas, Banco Santander, BBVA and Société Générale dropped 2.2 to 3 percent range.

In addition, Alcoa 10, will report earnings after the close of U.S. stock market, as U.S. stocks kicked off earnings season. Intel and JP Morgan Chase also announced this week the fourth quarter of last year's earnings. 

No comments:

Post a Comment