Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
Статьи, помеченные тэгом ‘brazil’
The DJIA aims higher: Wal-Mart Stores, Inc. (NYSE: WMT) could climb up to the maximum, Caterpillar Inc. (NYSE: CAT) shares risingTuesday, August 17th, 2010
The Dow Jones Industrial Average will rise owing to reports by a number of auditing companies. At the same time, Wal-Mart Stores, Inc. (NYSE: WMT) shares are likely to peak. Caterpillar Inc. (NYSE: CAT) is conducting a pre-market trading around 69.38 points, gaining +0.89 (1.30%).
Developing country markets have shown good results. BM & FBovespa, which owns the Brazilian stock exchange, has published data on the 30% increase in net profit in the second quarter.
Kraft Foods Inc. (NYSE: KFT) is 29.74 points, losing -0.53 (-1.77%). Analysts believe that the company’s shares will rise against the background of the new Brazilian project.
Credit card operators Redecard (the second in the Brazilian market capitalization) reported an increase in profit by 9,1% in the second quarter, helped by increased consumer spending on credit and debit cards.
In the UK in June, the index of business activity in construction dropped slightly to 58.4 points (expected no change) with 58.5 points in May.
European stocks fell amid concern over the economic outlook. Trading volume was quite low due to the fact that the U.S. now trades do not take place because of the holiday on the occasion of Independence Day. Pan-European Stoxx Europe 600 index fell 0.2% to 236.88 points, the British FTSE 100 – on 0,3% to 4,823.53 points, Germany’s DAX – on 0,3% to 5,816.20 points, the French CAC-40 – by 0,5% to 3,332.46 points.
What is potassium and what is it for? Potassium – is one of 3 major fertilizers used mainly in agriculture. Mineral retains moisture in the soil, improves the nutritional value, improves the taste and color of products. It is widely used in the cultivation of wheat, rice, sugar, soybeans, fruits and vegetables and other crops.
Aluminum prices began to rise. Brazil in May increased smelting aluminum by 1,4% compared to the same period in 2009, to 130,9 thousand tons. This was reported by the Brazilian Aluminum Association ABAL. However, the production of aluminum as a whole 5 months of this year decreased by 1.6% to 634.6 thousand tons.
DJIA continues to weaken against the negative statistics. Bulls cleared shoulder support for Dow index at the beginning of the trading session. Trading in U.S. stock indices ended lower. The pressure on the market has had a series of negative macroeconomic data published in recent days. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell to 41.5681 points or 0.43%, to 9732 points. The index of wide market S & P 500 closed down fall to 3.34 points or 0.32%, at around 1027 points. “High-tech” Nasdaq Composite closed lower at 7.88 points or 0.37% at around 2101 points.