Wednesday, November 23, 2011

Poor GDP data stocks slightly down

Beijing time on November 23 the evening news on Tuesday, the United States stock market closed down slightly, side is more volatile. standard and poor's 500 index for a fifth day, the longest record of continuous decline in nearly 4 months. Although there are signs that the Fed will implement more stimulus, but European countries continued to rise in bond yields, United States-than-expected third-quarter GDP data, the message still pressured the market.  East Coast time on November 22 (November 23 Beijing time), the Dow Jones industrial average fell 53.59 per cent to 11,493.72 points, or 0.46%; the Nasdaq composite index fell 1.86, closed at 2,521.28, or 0.07% the standard and poor's 500 index fell 4.94 per cent to close at 1,188.04, or 0.41%.  Disc surface, energy and transportation stocks leading the declines. The United States
Country Commerce announced of GDP data order market bear has downward pressure. United States Commerce announced, 2011 third quarter GDP (domestic production worth) of per cent years of growth for 2% (Amendment value). According to Bloomberg of investigation, economists on this of average expected for 2.4%. this year three quarter GDP growth of initial value for 2.5%. pursuant to United States of statistics rules, GDP growth will announced three version, turn for initial value, and amendment value and eventually value. IMF launched a loan facility to curb debt crisis will spread the message, once promoted stocks climbed.  IMF announces a new lending facility to help countries with rising borrowing costs. fears about national leaders no more method to resolve the debt crisis, while France and Italy and other countries continues to rise in bond yields. Fed today released on November 1 of the 2nd Federal open market Committee (FOMC)
Summary of the discussion. Summary of the show, part of the fed in this Conference, considered that further relaxation of monetary policy should be. Furthermore, the minutes also showed that the Fed was adopted at the meeting discussed the issue of a formal inflation target, but the idea failed to receive enough support.  United States Congress as a consultative Super Committee set up to reduce the debt of 21st failed to reach agreement, had to start automatic deficit reduction mechanism of paved road. it was reported that the poor's maintains United States Government's AA + credit rating.  In addition, the Fitch Ratings agency said it will be completed by the end of this month to the United States sovereign credit rating assessments. after the Agency has said that Super Committee failed to reach red reduction agreements, may well lead United States credit ratings Outlook downgraded to "negative." Fitch says United States credit rating was downgraded one notch less likely. France President Nicolas Sarkozy said on Tuesday that he will be held on Thursday in France in Northeastern cities Strath
And Germany, Angela Merkel and Italy meet new Prime Minister El. November 28 to discuss EU Summit-related content. gold futures for December delivery on the New York Mercantile Exchange rose $ 23.8, closed at $ 1702.4 per Troy ounce, up 1.4%. crude oil futures for delivery in January rose $ 1.09, closed at $ 98.01 a barrel, up 1.1%.  European market, the United States announced the latest growth data, showing third quarter gross domestic product growth rate less than previous estimates, and European stocks affected continue to fall, Pan-European Dow Jones industrial average on Tuesday closed at 223.27 points, down 0.66%. out of United States and Europe debt worries about the Outlook of the two places, one day before the index has closed down 3.2%. Primary index, France CAC 40 index fell 0.84% to close at 28

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