2010年11月10日星期三

Open: employment data failed to boost stock is good

Jefferies & Co, said Art Hogan, chief market analyst, "department store operator Macy's department store (Macys, M) for excellent performance for the U.S. stock market provides some support to further confirm the performance of retailers, better than our expectations."

Tuesday, the Dow fell 0.5%, the highest point in three weeks and the biggest percentage drop down.

In Asia, official data showed China's trade surplus in October from September's 16.9 billion U.S. dollars rose to 27.15 billion U.S. dollars. Significant export growth, but growth slowed last month, while imports continue to accelerate growth. The figures are released, leaders of the Group of 20 is preparing to hold a meeting in South Korea.

RBC Capital Markets analyst Brian Jackson in a note to clients, "said global trade is very unbalanced, which could attract the Group of 20 senior officials of the attention."

Jackson said, "China's October trade surplus of 27 billion U.S. dollars to record levels again, and tonight's U.S. trade deficit data showed the U.S. trade deficit is likely to about 450 billion U.S. dollars. The contrast could prompt the international community to put more pressure on China to promote China in terms of accelerating the pace of exchange rate reform to support the global economy. "

In the United States of ING Group ING (ING) shares rose. The company said it is preparing to split its insurance business into two separately listed.

European stock markets continued to drop, the pan-European Dow Jones Stoxx 600 index fell 0.1%.

In Germany, Allianz reported third-quarter net profit fell 8%, but the company reiterated full-year earnings per share target.

Foreign exchange markets, the pound rose against the dollar by 0.5%, to $ 1.6071. Bank of England said the UK consumer price index in 2011 may continue to 2% higher than the warning line.

6 U.S. dollar against other tracking major currencies dollar index rose 0.3% to 77.751 points.

In the Globex electronic trading system, the December gold futures fell $ 10.60 to $ 1,399.5 an ounce.

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Quick news: US international trade revenue and expenditure is better than expected





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