Continue the good news of positive U.S. data, with increased construction spending, which rose 0.8 percent to an annualized level of 908,400 million.
Analysts expected an increase of 0.4 percent, so the number was a very positive surprise.
In September spending had contracted 0.3 percent , with the effect of the shutdown. Continue leyendo Construction Spending Increases in the U.S.
This week was confirmed an important news expected by investors and the market in general: U.S. monetary policy would remain at low rates for a long time.
This was confirmed by Janet Yellen, the strongest candidate to succeed Ben Bernanke as head of the Federal Reserve. In a letter, Yellen said that even if United States achieves better unemployment or inflation figures, there is still a long way to go before raising the interest rates.
Even a low level of unemployment would not be enough to raise interest rates. All this confirms what Yellen said last week in the Senate Banking Committee. Continue leyendo Weekly Summary of Financial Markets 18/11/2013
We are well advanced in season earnings for the third quarter and we have the results of 73% of companies in the S&P 500. The data have generally been good. The 67% of companies exceeded earnings expectations of the market, which is very good.
The revenue growth was 4.3% compared to last year.
This surprise in the results is not due favorable economic movement, but rather by pessimism in the months prior to the earnings season, which lowered the forecasts of analysts.
To analyze well the profits, we must pay attention not only to the percentage that exceeded expectations. The number to look at is the revenue, because earnings can be distorted, while sales and earnings are less sensitive to accounting manipulation. Continue leyendo Market Analysis for Third Quarter 2013
The launch of Twitter in the stock market has been one of the most anticipated events in the technology sector and in its first day of release, last Thursday, the microblogging network on Wall Street marked a 72.7 % rise in stock market and ended the day at U.S. $ 44.9 per share.
The first revaluation of the microblogging giant stocks ranged from 45 to 50 USD, they began with an initial value of 45.1 dollars. At the end of the day the company finished with a market capitalization of 24.9 billion dollars. Continue leyendo Twitter and its release in the stock markets
BUSINESS CLIMATE IS ACCELERATING WITH YEAR END
There is good news in the U.S., the business climate in the service sector of the United States accelerated in October and companies hired workers despite the partial government shutdown.
One positive data in an uncertain economic climate is a good sign to believe that the economic acceleration is not losing strength.
Anyway the segment of new orders declined for the second month in a row, so this sector still needs a boost.
The Institute for Supply Management (ISM) said its services index rose one point, to 55.4 last month while analysts expected a drop to 54.0. A value above 50 indicates expansion. Continue leyendo Market Analysis 6/11/2013
Venezuelan President Nicolas Maduro announced today that his government blocked websites with quotes from the dollar and the euro outside the official rates set under currency state control in place for a decade.
Maduro, who stressed that the blockade has been executed by experts from the Ministry of Science and Technology, made ??the announcement in a mandatory national chain of radio and television that he convened to make a balance of an offensive against speculation. Continue leyendo Maduro blocks websites that broadcast Forex quotes