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Favorable Data Limited &Nbsp; &Nbsp; Dow Fell 0.02% On Thursday.

2010/12/10 9:17:00 50

Employment Data Dow Jones Industrial Average Decline

The US stock market fluctuated on Thursday.

Announced by the Ministry of labour in the morning

Employment data

Market confidence has been raised.

The rise in the US dollar has made commodity suppliers generally feel the pressure.

Ireland's sovereign ratings declined, and market worries about the European debt crisis recanted, with US stocks almost flat and Dow down 0.02%.


As of 4:00 pm Eastern time,

Dow Jones industrial average

Down 3 points.

Decline

From 0.02% to 11370, the Nasdaq composite index rose 8 points, or 0.29%, to 2617 points; the standard & Poor's 500 index rose 5 points, or 0.38%, to 1233 points.


After two consecutive trading days of decline, crude oil prices were depressed on Thursday by the US dollar and the US dollar.

The main oil contract finally rose to $88.37 a barrel.


Driven by market hedge buying, gold prices that fell for two consecutive trading days regain some of the land lost on Thursday and close to $1400 an ounce again.

The main gold contract closed at $1392.80 an ounce.


On Thursday, investors were hit by Ireland's downgrade. However, many stocks including financial sector and chip maker ASML holdings were strong, driving the European stock index up 0.35% to a new multi-year high.


Rating agency Fitch Ratings today announced that Ireland's sovereign credit rating would be lowered from the previous "A-" level to three grades to "BBB+" level, which is the lowest rating given to Ireland by major large Rating firm, which may be related to Ireland's search for international assistance last month to save its banking system.


According to the statement of funds released by the Federal Reserve on Thursday, the net wealth of US households and non-profit groups increased to US $54 trillion and 900 billion in the third quarter from the previous quarter to $54 trillion and 900 billion, which means US household wealth increased by 1 trillion and 200 billion US dollars in the quarter.

In the same quarter, stock prices in the US stock market also increased as the economy recovered.

Meanwhile, US household debt also fell for tenth consecutive quarters.


The US Department of Commerce reported on Thursday that US wholesale inventories rose 1.9% in October, a slight increase from 2.1% in the previous month.

The report also showed that wholesale inventories increased by 2.2% in October, up 0.5% from a month earlier.

The inventory / sales ratio was 1.18, unchanged from the previous month.

The inventory / sales ratio is lower than 1.22 in October 2009.


Data released by the US labor department on Thursday showed that for the week ending December 4th, the number of initial jobless claims fell by 17 thousand, to 421 thousand.

The previous market survey showed that economists generally expected that the number of initial jobless claims would drop to 425 thousand last week.

The report also revised the figures up to 2 thousand to 438 thousand in the previous week.


Us real estate website Zillow reported on Thursday that the US home market capitalization decreased by US $1 trillion and 700 billion in 2010, while us home market capitalization in 2009 decreased by US $1 trillion compared with 2008. This year's decline is 63% higher than last year.

Up to now, the total market value of US housing has decreased by 9 trillion US dollars compared with the peak in June 2006.


In the global market, the stock index fell 1.32%, closed at 2810.95 points, deep down 2.08%, and closed at 12353.27 points.

The Hang Seng Index closed up 0.34%, at 23171.8 points, and the Nikkei index rose 0.52% to 10285.9.


The Bank of England's monetary policy committee responsible for interest rates announced today that interest rates remained unchanged at 0.5%, and the Bank of England has maintained interest rates unchanged since March 2009.

The monetary policy committee also announced that the scale of asset purchases should remain unchanged at 200 billion pounds (US $315 billion).

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