Archive for February 5th, 2010
In the aftermath of its worst session in 7 months, Wall Street is recovering. The U.S. stock market opened higher on very shy, taking the Dow Jones 0.05% to 10,024 points and the Nasdaq +0.37% to 2137 points. The markets reacted rather well to the employment figures published Friday. The U.S. economy still has destroyed jobs in January, 22,000 jobs, but significantly less than in December and the unemployment rate in the United States fell by 0.3 point to 9.7% during the first month of 'year, according to official figures published Friday in Washington.
For the Department, the report reflects on the business of the employment situation "almost unchanged", a sign that the U.S. economy would soon return to the net job creation, as was the case in November.
However, the disappointment is still to go, analysts hoping that the economy would have created at least 5,000 jobs over the month.These figures therefore mixed sows doubts on the speed of economic recovery overseas.
The confusion is also due to the strong upward revision in the number of job losses in all of 2009. Last year, the economy has lost a total of 4.823 million posts. This represents a fall in employment of 3.6%, the most since 1945!
The day before, the Dow Jones made his worst performance since early July, and lost more than 2.6% at 10,002 points, after a passage in the final session, under the 10 guaranteed payday loan .000 Points.
In Europe, the main squares are continuing their sharp fall, including leaded by fears concerning Greece, Spain and Portugal.
Moreover, the dollar continued its rise Friday. The European currency rose to 1.3648 dollars on Friday morning, under $ 1.37 per euro.but after the employment figures, the euro rose back above that threshold.
At the same time, commodity prices fell, oil Thursday evening closing down 5% to 73.14 dollar per barrel. This Friday, oil prices continued their fall, while an epidemic of risk aversion continued to hit commodities, the euro and equity markets, and anxiety remained high in a few hours of report U.S. employment.
Airgas to follow
Toyota should be on the radar screens of investors as the group has apologized publicly.The Japanese auto giant Toyota, which suffered a barrage of criticism and lawsuits after recalling millions of cars affected by technical faults, was Friday denied concealing these issues publicly and said that its cars are "safe".
Kraft Foods has confirmed that regulators had approved its bid for Cadbury.
Airgas has increased by over 42% yesterday on the Stock Exchange after Air Products has offered 5.1 billion dollars to buy its rival.