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Wednesday, September 15, 2010

Highlight China's "support" over 10,500 point Dow Jones

The optimistic about China's economy with trading activities merged enterprise to raise U.S. stock its highest level in five weeks in the first session of the week. The main index rose for 4 consecutive sessions and regain growth in 2010.
Fasteners session on Monday, the Dow Jones industrial index increased 81.36 points, 0.78% respectively, to 10,544.13 points. S & P 500 index increased 12.35 points, corresponding to 1.11%, to 1121.90 points. Nasdaq index up 43.23 points, 1.93% respectively, to 2285.71 points.

 
As reported on 11 / 9, August industrial output growth of China 13.9%, 13.4% higher than in the previous month. The same day, the Central Bank of China announced the credit balance in August increased to 545.2 billion yuan, from 532.8 billion yuan in July.

 
The market also received support from the information that the European Commission, regional economic common European currency, growth could reach 1.7% this year, double the rate of 0.9 % predicted earlier.

 
The main index rose early trading, momentum is maintained throughout the session. Group bank stocks the largest increase, after the operator agreed on global standards Basel 3, regulation of banks increased nearly 3 times a level of capital and allow them to have eight years to complete objectives.

 
Another factor affecting the market also harbor is the HP acquisition of security company ArcSight Inc. for $ 1.5 billion. ArcSight Shares increased $ 25.1 / cp to $ 43.91 / cp, HP shares rose by 0.2% to $ 38.26 / cp.

 
Microsoft shares up 5.3% and recorded the largest increase since June 10/2009. Technolosy Micro shares up 8.3%, after research firm Gartner forecasts spending in the semiconductor sector will double in 2010.

 
Session yesterday also saw the rise of the group's stock of goods, raw materials, technology and industry following the investors' optimism about the global economy. In it, notably the stock up 3.1% Alcoa, Cisco shares rise 3.1%, GE shares rose 1.7%.

 
Da rally brought the S & P 500 through 200 day moving average for the first time since early August. Last week, the index finished the week up 2 points. There are investors expect S & P 500 crossed the milestone of 1.130. If successful, the S & P 500 can further.

 
Trading volume on the third floor New York, American and Nasdaq reached 6.9 billion shares, lower than the 9.65 billion daily average stock return in 2009. On the floor of New York, stocks rose for every three they had a stock fell. On Nasdaq, shares rose for every four they had a stock fell.

 
Area stocks up in Europe as well as core strength session. Britain's FTSE 100 index increased 63.89 points, corresponding to 1.16%, to 5565.53 points. Germany's DAX Index increased 46.91 points, corresponding to 0.75%, to 6261.68 points. France's CAC 40 Index plus 41.33 points, corresponding to 1.11%, to 3767.15 points.

 
Meanwhile, Asian markets finished the session on Monday with the largest increase in four months. Nikkei 225 up 0.89% in Japan. Hang Seng Index up 1.89% of Hong Kong. South Korea's Kospi up 0.9%. Shanghai Composite Index increased 0.94% in China.

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