Frankfurt, Germany - global stocks drifted more Wednesday as investors awaited the first press conference of the President of reserve Federal Ben Bernanke of the indices on the future of the American economy, then the dollar exchanged 16 hollow months against the euro.
Blue chip German DAX index increased by 0.7% in 7,407.23, Britain FTSE was flat at 6,067.76 and at Paris, the CAC 40 rose by 0.5% to 4,063.85.
Future U.S. emphasized an open slightly higher, with the Dow Jones index up to 0.3 per cent to 12,554 and Poors futures & wider standard up to 0.3 per cent to 1,345.40.
Bernanke was expected to discuss the prospects for growth and to confirm that the Fed will end his bond purchase program 600 billion dollars to expand the supply of money in the economy as scheduled in June although many expect that the Fed can continue to invest the proceeds of the maturation of the obligations.
The dollar slipped 0.2% against the euro at $1.4673, up to 16 hollow months against the 17-nation currency. The dollar slipped on expectations of interest rates will be kept in their Records of the United States bottom - the Fed's key rate is 0-0, 25% - while the European Central Bank will keep raising rates more later this year after a quarter-point increase earlier this month.
Stronger won for Volkswagen has helped send the highest of DAX. The company has strongly increased a net profit of euro1.71 billion over the high margins of profit and the increase in sales in emerging markets. Manufacturer Volvo Truck boosted auto sector thus doubling its net profit.
Earnings from Credit Switzerland were slightly better than expected, even if London Barclays Bank saw its shares slump 5% that its net profit declined.
Nokia, meanwhile, saw its stock jump more than 3% after it said it would lay off 4,000 workers worldwide.
Asian stocks led higher after some corporate earnings better than expected and increase the confidence of consumers sent Wall Street its highest levels in nearly three years.
Japanese Nikkei 225 rose by 1.5% to 9,697.81, stocks behemoth of the country of export sector rose. Toyota Motor Corp., manufacturer of no. 1 in the world last year, increased by 0.2%. Honda Motor Corp. has added 1.5% and Nissan Motor Co. has gained 1.3%.
The southern ABN Korea index slipped 0.5% to 2,195.13 despite the country's economic growth rate accelerates significantly in the first quarter of this year. Gross domestic product expanded 1.4 percent in the three months that is ended March 31. However, high food and fuel inflation weighed on consumer spending.
Hong Kong Hang Seng index rose by 0.4% to 24,105.07. Landmarks in Singapore, Taiwan, and Indonesia has also increased. S & P/ASX 200 the Australia was down 0.7% at 4,879.20.
On Wall Street, stocks rose to their highest levels in nearly three years Tuesday with confidence of improved consumer and signs that earnings are on the rise for U.S. companies.
Delta Air Lines Inc. jumped 11 percent after that the statement of loss which was much smaller investors had expected. Ford Motor Co. increased by almost 1% after the automaker reported its best first quarter gains since 1998. Ford beat estimates of Wall Street gains with more strong sales of new vehicles.
Stocks also got a lift from a report on the trust of consumers who have shown that concerns about rising prices and unemployment eased in April.
The dollar fell slightly against the Japanese yen to 81.75.
Benchmark crude for June delivery slipped 23 cents to 111.98 per barrel in electronic trade on the New York Mercantile Exchange.
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