Investment of Mine

Closing bell of the stock market:

Nikkei +66.82 +0.8%  8,395.87
Topix +5.86 +0.7% 817.94
FTSE    +81.20    +1.89%    4,381.26
DAX    +63.23    +1.34%    4,779.11
CAC     +50.32  +1.55%     3,297.80
Dow    -242.85    -2.72%    8,691.33
NASDAQ    -24.40    -1.55%    1,547.34
S&P    -21.03    -2.31%    888.67
10yr Note    -0.6500    -0.238%    2.669%
NYMEX Crude Oil    -1.64    -3.75%    42.07
Gold    +4.90    +0.64%    774.20

On Tuesday Japanese major indices finished the session growing. The indices were supported by the expectations of the investors that the elected US Barack Obama will realize the plan to stimulate the American economy which in its turn will support the economies of other countries. Against this background the securities of some companies of the financial sector went up including the Japanese largest bank Mitsubishi UFJ whose rates rose by 6.5%.
The growth of oil and metal prices supported the stocks of energy and mining companies. The stocks of the copper producer Nippon Mining added 5.8% and the rates of the oil company Inpex Corp. rose by 7.1%. The producer of the game devices Nintendo announced that its sales in advance of the Thanksgiving Day in the USA grew more than twice. Against this background the price of the Nintendo’s securities increased by 4.2%. The stocks of the sea carrier Nippon Yusen went up by 6% against the cost growth of the cargo transportation for the first time during the last two weeks.

European major indices finished Tuesday’s session growing. The investors expect that the measures taken by the governments of the countries to support economies will lead to the positive results.
Besides, the indices were supported by the economic data. The index of the business expectations in December 2008 released today in comparison with November 2008 grew by 8.3 points and made up minus 45.2 points. Meanwhile, the analysts have expected the rate of this index at the level of minus 55 points.
The price of the stocks of the retail company Pinault Printemps Redoute SA owning such trademarks as Gucci, Yves Saint Laurent and Puma grew by 12%, those of the retail operator of the store chain of the British Home Retail Group – by 5.9%, and those of the largest European retailer Carrefour SA – by 4%. The stocks of the German concern Daimler AG gained 4.4%, those of the French second largest Renault SA – by 2.2%, those of the Italian largest car maker Fiat SpA – by 4.8%.
Today national indices grew on 15 out of 18 West European stock markets.

Major indices on Wall Street finished Tuesday’s unstable session growing. All the ten major economic sectors finished the session below zero mark (except the materials sector).
The moods of the investors were negatively influenced by the forecasts of the profit decrease of the American corporations Texas Instruments and FedEx which can become the next victims of the financial crisis.
The Congress keeps solving the issue about financial help to the car makers. The investors are worried that in case of the negative decision of the government “the big three” will have to reduce the working places to cut the expenses.
The investors’ agitation caused the growth of prices on the treasury bonds, which in its turn caused the fall of the profitability of the latter.
FedEx Corp reduced the profit forecast for 2009. The stocks of the company went 14% cheaper. American retail chain Wal-Mart (-$1.73) will pay $54.25 mln to settle down the class action of the Company’s employees.
American producer of the semi-conductors Texas Instruments Inc. (+$0.72) announced that I the IV quarter of 2008 the volume of sales might make up $2.3-2.5 bln instead of $3.07 bln forecast before.
As for the economic statistics which influenced the dynamics of the trading session it is necessary to poit out the release of the data as for number of the non-consummate deals of the housing sales which in October reduced less than it had been expected. The value of the rate made up -0.7%.

This entry was posted on Wednesday, December 10th, 2008 at 9:41 am and is filed under Finance Review. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.