2011年4月30日星期六

Europe stocks of Greek debt, expect data (AP)

Frankfurt, Germany - pink stocks European moderately Tuesday as traders returned to the feast of Easter to with a big week of economic and precinct data the shoulders to the news of bad budget of Greece hit by the crisis.

After closure since Thursday, Dax the Germany increased by 0.5% to 7333.38. The London FTSE 100 index was 0.4% to 6045.32, while the France CAC - 40 was 0.3 per cent to 4,035.30. Asian shares fell on disappointing profits of U.S. companies.

Future actions U.S. increased before the New York open advance another day of large gains, with the Dow Jones index 0.3 percent at 12,467 and 0.4 the Standard & Poor to 1,336.4.

Ford Motor Co. has provided positive news with benefit of 2.6 billion for its best first quarter in 13 years, and 3 M also beat expectations and raised its Outlook. The figures of Coca-Cola fell just short, however.

Control of Greece with its heavy burden of debt produced more headlines downbeat, with the European statistical agency saying budget deficit rose year last 10.5% of GDP, above the forecast of 9.6%.

A clear review of the budget deficit of the Greece had launched a Europe debt crisis at the end of 2009, but it has been widely reported in advance in media information and price by markets. The country, has been made by the European Union and the IMF and is still struggling to avoid having to restructure its debts.

Analysts at Credit Agricole, said that impact of this revision has been diminished by the improvement of statistics formerly Greece soft keep and announced more reductions to meet the increase in the deficit of.

"The good side, now that the IMF and Eurostat experts have marked the Greece as more reliable financial data, one would expect the revision to be the latest in a long series, and the Greek Government has already announced additional austerity measures to offset the budget deficit"they said.""

While business week Europe is shortened by the day, markets are subject to mixed signals from heavy data flow that includes a meeting of US Federal Reserve for two days beginning Tuesday, the Standard & Poor figures and key housing s/Case-Shiller survey for the U.S. consumer confidence. During this time in Germany, more great economy of Europe, has revenues of Deutsche Bank AG, Daimler AG, Bayer, Merck and SAP towards the end of the week.

The meeting of the Fed will be monitored for confirmation that the Central Bank will end its $ 600 billion program to expand the money supply through its purchase of bond called quantitative easing program.

April U.S. consumer confidence should increase, although high oil prices limited gains of optimism and willingness to spend, while the markets expect the Case-Shiller index to show a slack housing market which has weighed on the restoration to the United States continues.

In Asia, index Nikkei 225 of Japan a decrease of 1.1% to 9,568.27, with investors unloading blue chip shares before that should be a season of gains punish. Nintendo Co. Ltd., announced Monday that its annual profit fell for the second consecutive year, the fall of the sale of its game machines.

Other companies include Japanese main reports this week Canon Inc., Honda Motor Co. and Komatsu Ltd., second construction machinery manufacturer in the world after Caterpillar Inc. Canon shares decreased by 1%. Honda fell by 1.6% and Komatsu fell 1.5%.

Toyota Motor Corp. collapsed 2.4 percent, a day after the announcement of its production of the Japan car collapsed narcotic 62.7% in March due to parts of a supply crunch after the earthquake and tsunami on 11 March.

Elsewhere, ABN Korea in the South declined 0.6% to 2,204.51, and Hang Seng in Hong Kong fell by 1.1% to 23,865.91. Index Composite of Shanghai of mainland China lost 0.9% to 2,937.73. Landmarks in Taiwan, Singapore, the Indonesia and the Philippines were also low.

Low compensation on Wall Street had pushed stocks lower Monday. The Dow Jones Industrial Average lost 0.2% to close at 12,479.88. The standard & poor 500 index lost 0.2% to 1,335.25. The composite Nasdaq edged 0.2 per cent to 2,825.88.

Kimberly-Clark, the manufacturer of Kleenex and Huggies, fell by 2.7 per cent after having missed earnings estimates. The company also lowered its earnings forecast for the full year. Johnson Controls has fallen by 2.8%, after saying it expects revenues to abandon the $ 500 million in the third quarter due to the earthquake in the Japan.

Benchmark crude for June delivery fell 12 cents to $112.16 US per barrel in electronic trade on the New York Mercantile Exchange. The euro has increased from $1.4618, 0.3 per cent on the day. The yen slipped 0.1% to 81.73 against the dollar.

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Pamela Sampson in Bangkok contributed to this report.


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