1/10/09

U.S. stock market suffered European stock markets plunged to close higher international oil prices drop again

U.S. stock market suffered European stock markets plunged to close higher international oil prices drop again

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U.S. stocks fell victims
European stock markets closed higher on the 14th
International oil prices fell again
New York gold futures rose a strong

U.S. stocks fell victims
NEW YORK, November 14 (Xinhua Salicaceae) by the United States in October retail sales fell a record high and the technology company lowered earnings expectations and other factors impact on the 14th the three major New York stock market indexes fell sharply, the Dow Jones index fell more than 300 points .
Plate before the U.S. Department of Commerce report, retail sales in October fell for four consecutive months, reached a record drop of 2.8%. This is exacerbated investors sharply cut spending on consumer sentiment worries, U.S. stocks opened sharply lower. University of Michigan / Reuters report on November consumer confidence index rose after the accident, once the major indexes rebound, but failed to lasting.
In addition to record sales plummeted, the retailer's results also proved that the U.S. consumer spending down the serious situation. Youth apparel retailers &阿伯克隆than Fage and department store operatorthird-quarter profit fell 46 percent and 52 percent, but also for the fourth quarter earnings per share were lower than analyst expectations Average expected. Affected by this, the retail segment led the market, Hills and OD office decline of 14% and 17% respectively.
The same day, science and technology has also been a heavy plate to suppress. The world's largest mobile phone maker Nokia warned that next year the mobile phone industry sales will decline, leading to the world's largest mobile phone chip maker Qualcomm and Motorola fell by 5.4% and 11%.
Investors will also pay close attention to the weekend meeting of Group of 20 summit. Traders generally agreed that the summit made little hope of substantive progress.
To the New York stock market closed, the Dow Jones industrial average 30 kinds of price index over the previous trading day down 337.93 points to close at 8497.31 points, or 3.82 percent. Standard & Poor's 500 stock index fell 38.00 points to close at 873.29 points, or 4.17 percent. The Nasdaq composite index fell 79.85 points to close at 1516.85 points, or 5.00 percent.
Major European stock markets have gained the same day. London stock market, "Financial Times" 100 Share Index rose 0.31 percent, to close at 4232.97 points. Frankfurt Stock Exchange DAX index rose 1.31 percent, to close at 4710.24 points. Paris CAC40 stock index rose 0.67 percent, to close at 3291.47 points. (Xinhua)

European stock markets closed higher on the 14th
European stock markets closed higher on the 14th, the end of the previous three consecutive trading day down trend. Before a report showed the euro zone economy has plunged into recession, but it also makes the European Central Bank cut interest rates further the possibility of substantially enhanced.
Around 16:30 GMT, the Dow Jones Stoxx 600 index rose 1 percent, to 205.92 points. UK FTSE 100 index rose 1.6% to 4,235.30 points. The French CAC-40 index rose 1 percent, to 3,301.45 points. Germany's DAX index rose 1.3 percent, to 4,710.24 points.
Data released earlier confirmed that the euro-zone economy has plunged into recession, which is the euro zone since its inception in 1999 the first time in two consecutive quarter decline in output.
Eurostat (Eurostat) announced that, as at the end of September three months, the euro-zone gross domestic product (GDP) over the second quarter decreased by 0.2%, compared with 2007 growth of 0.7 percent over the same period.
BNP Paribas (BNP Paribas) economist Dominic Bryant said, given the slide in GDP is likely to continue into mid-2009 before and after, and the inflation rate may be reduced to below 1.0 percent, therefore, the European Central Bank is likely to be the benchmark the interest rate down to 2.0 percent below the previous bottom.
Stocks, the Europe's largest airline European Aeronautic Defense Space Company (EADS) closed up 2.9 percent, to 12.22 euros. The company previously announced third-quarter profitability, mainly due to the U.S. dollar.
Spanish telecom operator Telefonica rose 2.9 percent to 15.15 euros, the company reiterated prior to the performance of the entire fiscal year is expected, despite its third-quarter net income dropped 50 percent.
Belgium - French bank Dexia shares fell 13 percent to 4.37 euros, the bank announced before the third quarter of 1.5 billion U.S. dollars to suffer huge losses.
Nokia (Nokia) or 3.7 percent, to 9.95 euros. The company said earlier that the global economic slowdown and the unprecedented turmoil in the foreign exchange market has led to the global consumer spending fell sharply. (NEW YORK)

International oil prices fell again


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