2011年2月8日星期二

Close: Dow 7 stocks with positive high another 2 ½ years

Dow component McDonald's (MCD) rose 2.6% in January this year, the company said same-store sales rose 5.3%, exceeding market expectations; in all markets outside the U.S. sales on the rise.

Leading consumer goods sector rose, the worst performance of the energy sector.

The People's Bank of China announced Tuesday the benchmark deposit and lending rates by 25 basis points, this is the first time the bank to raise interest rates this year to take measures aimed at curbing inflation. Interest rate will be formally implemented on Wednesday, which means that if the CPI continues to rise in future, the bank would continue to take more tightening measures.

Despite the austerity measures taken by China in the past people worried about global economic growth may be affected, but still embraced the market on Tuesday, China's central bank increases interest rate policy because the policy against inflation has increasingly become a concern. Strong growth in the holiday market demand and adverse climatic conditions, commodity prices rose sharply in the first quarter has been widely expected, so some analysts had anticipated that China will raise interest rates.

Summary: The Dow closed up 0.59%, another two and a half years high

Dow component McDonald's (MCD) rose 2.6% in January this year, the company said same-store sales rose 5.3%, exceeding market expectations; in all markets outside the U.S. sales on the rise.

Leading consumer goods sector rose, the worst performance of the energy sector.

The People's Bank of China announced Tuesday the benchmark deposit and lending rates by 25 basis points, this is the first time the bank to raise interest rates this year to take measures aimed at curbing inflation. Interest rate will be formally implemented on Wednesday, which means that if the CPI continues to rise in future, the bank would continue to take more tightening measures.

Despite the austerity measures taken by China in the past people worried about global economic growth may be affected, but still embraced the market on Tuesday, China's central bank increases interest rate policy because the policy against inflation has increasingly become a concern. Strong growth in the holiday market demand and adverse climatic conditions, commodity prices rose sharply in the first quarter has been widely expected, so some analysts had anticipated that China will raise interest rates.