Tag Archives: economy

Wholesale Inventories Up In September

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Wholesale inventories rose 0.5% in September in the United States, after an increase of 1% in August, according to the Commerce Department. Economists generally provided a similar increase.

On an annual basis, wholesale inventories rose by 15%.

Wholesale sales emerged were down 0.1% after an increase symmetrically in August. Over one year, they increased by 11.9% in September.

The ratio of sales of stocks in September 2011 stood at 1.15, as against 1.15 and 1.18 the previous month a year earlier.

Stock markets opened on an uncertain note

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Stock markets opened on an uncertain note Tuesday in the wake of profit taking and as investors questioned whether the Fed will back a move to boost growth.

In early trade, the Dow was stable (0.04%) to 11,406 points. The Standard & Poor’s also (-0.01%) to 1204 points while stocks tumbling on the Nasdaq composite fell by 0.1% to 2610 points.

The Federal Reserve, which meets Tuesday and Wednesday, is expected to announce steps to further lower the long-term rates by changing its own bond portfolio.

Wall Street has little else to move, in the absence of outside major indicator of housing starts, or major corporate earnings.

The housing starts fell more than expected in August, falling 5% to a seasonally adjusted pace of 571,000 units, according to the Commerce Department (consensus: 590,000 units).

Markets on both sides of the Atlantic do not seem overly unsettled by the decline of Italy by rating agency Standard & Poor’s, a decision yet unexpectedly revives the specter of a contagion of debt crisis in the eurozone.

In other news on stock tips and values​​, Xilinx lost 2.38% at the opening. The programmable chip maker cut its revenue forecast for the second quarter due to the sluggishness of some of its markets. Our advice, sell.

Dow Jones And The US Economy

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The Dow gained nearly 3% and the Nasdaq more than 4% at the end despite the disappointing statistics. The markets are optimistic before the Fed announcements. Side values, the bank managed to regain ground.

The rebound was confirmed on Tuesday on Wall Street after two weeks of choppy stock markets worldwide. The New York indexes opened higher in small (0.22% for the Dow, 0.36% for the Nasdaq), after a session very agitated. But they gradually accelerated their progress. Only the earthquake of magnitude 6 that shook the East Coast of the United States shortly before 20h (French time) slightly slowed the increase without transactions are disrupted. The Dow Jones gained 2.95% to close at 11,175.10 points and the Nasdaq dominated by technology wins at 4.29% to 2446.06 points. The broader index S & P 500 finished its part of a gain of 3.43% (38.53 points) to 1162.35 points.

The only macroeconomic indicator on the agenda on Tuesday, however, was likely to reinforce fears of the market: sales of new housing in the United States have in fact declined by 0.7% in July, following declines of 2 9% in June, according to the Commerce Department. On an annual basis, the sales trend to 298,000 units (300,000 in June after), while analysts on average had forecast 310,000. If other indicators will be announced in the coming days, investor caution, but market volatility, however, should remain in force throughout the week until Friday.