Monday, January 10, 2011

US Stock Market

US Stock Market
Futures closed after U.S. stock market declines in Asia and Europe, with aluminum giant Alcoa Inc. set to kick off the earnings season in the fourth quarter after the close of business on Monday.
Dow Jones Industrial Average fell 40 points at maturity of 11 579 and the S & P 500 fell 5.90 points to 1,261.60 index. Nasdaq 100 fell 9.25 points to 2263.75.
The Dow Jones rose 0.8% last week, the highest ranking for a sixth consecutive week.
Most stock markets in Europe and Asia have recorded losses in the sense acidification Monday before the opening of Wall Street.
"We started the season progresses, and everyone will now look for evening with Alcoa," said Peter Cardillo, chief economist at Avalon Partners Inc. in New York. "We have no news about the economy. The focus will be on the result, and what happens in Europe. All eyes will be in Portugal."
Alcoa Inc. (AA) is expected after the fourth-quarter earnings of 18 cents per share, according to a survey by FactSet Research analysts.
In Europe, stocks fell in relation to the government debt increased weekend reports that Portugal obtained under pressure to a ransom. Last year, Greece and Ireland are highly indebted financial assistance from international donors;. There is growing concern that Portugal and Spain could even be the next line.
The Stoxx Europe 600 index fell by 0.7% in intraday trading. PSI 20 index fell by 1.8% in Lisbon and the Ibex 35 index fell by 1.1% in Madrid.
Shares of Banco Santander (STD) that are listed down 2% in pre-market.
Before the agreement, said the U.S. chemical giant EI DuPont de Nemours & Co. (DD) will acquire Danish Danisco A / S (DCO.KO, DNSCY), an enzyme, and the business of specialty food ingredients, from 6.3 billion in an agreement Euro. DuPont pays $ 5800000000 in cash and assume $ 500,000,000 in net debt of Danisco. Danisco shares jumped by 25% in the Danish market.
In pre-market traded shares of energy giant BP PLC (BP BP.LN) fell close to 2.5% after the Trans-Alaska Pipeline System was the weekend after a leak was discovered in a pumping station. Accordingly, BP and other companies 95% of production in the North Slope to the left.
Crude oil futures rose to close the pipeline increases the fear of a short-term disruption in oil supply. The term crude oil by 53 cents in February to $ 88.56 a barrel in Globex electronic trading after touching an intraday high of $ 89.98 per barrel before.
Gold futures were little changed $ 1,368 per ounce.
In the currency markets, the dollar was mostly higher against its major rivals, with the dollar index rose 0.2% to 81 139.
Asian markets finished generally lower overnight with China's Shanghai Composite Index rose 1.7%.
In economic news, China reported a narrower than expected 13100000000 $ U.S. trade surplus in December.


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