American Stock Market Benchmark Indices closing value for Friday 7 th June 2013 with weekly updates

Image Posted on Updated on

American Stock Market Benchmark Indices  closing value for Friday 7 th June 2013  with weekly updates

Dow Jones industrial average #DJIA closed up 207.50 points or 1.38 percent at 15,248.12.

Standard & Poor’s 500 Index or #S&P500 rose 20.82 points or 1.28 percent at 1,643.38.

Nasdaq Composite Index added 45.16 points or 1.32 percent at 3,469.22.

Weekly update : For the week the Dow Jones rose 0.9 % while the S&P500 gained 0.8 % and the Nasdaq Composite gained 0.4 %.

US Total Consumer Credit advanced by $11.1 billion to $2.8 trillion as per data released by Federal Reserve on Friday 7th June 2013

US Stock Market Indices updates for Friday and week ended 26 April 2013

Image Posted on Updated on

US Stock Market Indices updates for Friday and week ended 26 April 2013

US #DJIA Dow Jones Industrial Average rose 11.75 points or 0.1% on Friday to close at 14,712.55 and for the week the index rose 1.1%.

US #Nasdaq Composite Index (COMP) fell 10.72 points or 0.3% on Friday to close at 3,279.26 gaining 2.3% For the week

US benchmark Standard & Poor’s #S&P500 Index fell 2.92 points or 0.2% to close at 1,582.24 and for the week the index rose 1.7%

All #US #StockMarket #Indices ended the week with gains

Monetary Policy of Global Central Banks Week in Review – March 16, 2013 week end

Posted on

Monetary Policy Week in Review – Mar 16, 2013: Eleven central banks keep rates steady, Norway delays rate rise – Central Bank News.

 Last week 11 central banks took policy decisions with every single bank keeping rates on hold though Norway, as Canada in January, delayed a planned rate rises due to lower inflationary pressure from sluggish growth that continues to plague the global economy.
    Norway’s decision illustrates how central banks are uneasy with very low policy rates as they tend to encourage risk taking and fuel asset bubbles. Yet, the central banks feel they have little choice but to keep rates low with major downside risks dominating the global economy, keeping consumers and investors on edge and thus holding back demand and inflation.
    In addition to Norway, the central banks of Mauritius, Mozambique, Kenya, Serbia, New Zealand, Korea, the Philippines, Switzerland, Latvia and Russia kept rates on hold last week.
    Through the first 11 weeks of the year, 78 percent of the 102 policy decisions taken by the 90 central banks followed by Central Bank News lead to unchanged rates, up from 76 percent after 10 weeks, strengthening this year’s trend toward steady policy rates worldwide.
    Globally, 19 percent of policy decisions so far this year have lead to rate cuts, largely by central banks in emerging economies, down from 21 percent after the first 10 weeks, a policy rates continue to decline.
    But the pace of rate cuts is slowing as many central banks shift toward a more neutral stance to gauge the impact of last year’s rate cuts.
    Of last week’s 11 policy decisions, seven were from central banks that cut rates last year, including Kenya and Mozambique, among the most aggressive cutters
    Oil-rich Norway is experiencing growing household debt and house prices, and following a rate cut in March 2012, Norges Bank started in June to prepare markets for higher rates as inflationary pressures were expected to rise.
    But last August it started to push back the time frame for a rate rise and then in October a rate rise was delayed until sometime this year. Now, a rate rise has been postponed until next spring as inflation and economic growth remains lower than expected.
    But Norwegian debt and house prices continue to rise so the central bank, like New Zealand, is preparing to introduce a counter-cyclical buffer in an attempt to rein in banks’ willingness to extend credit and also strengthen banks’ ability to withstand a crises.
    While New Zealand’s strong currency, drought and fiscal consolidation is restraining growth, reconstruction after the 2010 Canterbury earthquake along with rising house prices are creating upside risks. Seeking to strike the right balance, the Reserve Bank of New Zealand said it expects to keep rates on hold through the year.
    Russia’s central bank struck a less hawkish tone last week, dropping its previous statements that the risk of a slowdown from tight money was minor and the economy was operating at close to potential.
    Instead, the Bank of Russia noted slowing economic growth, strengthening the impression – already boosted by the nomination of Putin aide Elvira Nebiullina as new bank president – that rate cuts are on their way.
     Switzerland also took note of the lack of inflationary pressure, trimming its inflation forecast to continued deflation this year and only a slight 0.2 percent rise in consumer prices next year, maintaining downward pressure on the Swiss franc.
    The contrast between Europe and Southeast Asia remains stark.
   Although the Bank of Korea underlined the downside risks to global growth from Europe and the U.S., it is looking ahead to rising inflation while the Philippines again cut rates on its Special Deposit Account (SDA) in an effort to stem the inflow of foreign funds and curb the rise in the peso.
    Fueled by ample global liquidity and low rates in advanced economies, many emerging markets with solid economic fundamentals are adjusting their policy framework to stem the flow of hot money yet still stimulate domestic growth.
    Like Turkey last year, the governor of Bangko Sentral ngPilipinas told journalists  that he is moving to an interest rate corridor system to help manage capital flows which not only puts upward pressure on currencies but also leads to asset bubbles.
    New Zealand’s central bank governor emphasized his concern over the strong kiwi dollar, warning markets that he would cut rates if the currency rises more than justified by the economic fundamentals.
    Meanwhile, Serbia – the only central bank worldwide to have raised rates this year in addition to Denmark – lived up to expectations and held rates after eight rate hikes despite the continuing rise in inflation.
    Last month the National Bank of Serbia signaled that it was starting to soften its tightening stance due to an expected drop in inflation, and this week it made good on that promise, saying that the last four months show that inflation is easing.
MAURITIUS 4.90% 4.90% 4.90%
MOZAMBIQUE 9.50% 9.50% 13.75%
KENYA FM 9.50% 9.50% 18.00%
SERBIA FM 11.75% 11.75% 9.50%
NEW ZEALAND DM 2.50% 2.50% 2.50%
SOUTH KOREA EM 2.75% 2.75% 3.25%
PHILIPPINES EM 3.50% 3.50% 4.00%
SWITZERLAND DM 0.25% 0.25% 0.25%
LATVIA 2.50% 2.50% 3.50%
NORWAY DM 1.50% 1.50% 1.50%
RUSSIA EM 8.25% 8.25% 8.00%
 Next week (week 12) features eight central bank policy decisions, including India, Nigeria, the United States, South Africa, Iceland, Egypt, Chile and Trinidad & Tobago.
    The U.S. Federal Reserve changed the time for announcing policy decision to 2 p.m. Eastern Standard Time from 2:15, with the press conference at 2:30 p.m.
COUNTRY MSCI          MEETING               RATE        1 YEAR AGO
INDIA EM 19-Mar 7.75% 8.50%
NIGERIA FM 19-Mar 12.00% 12.00%
UNITED STATES DM 20-Mar 0.25% 0.25%
SOUTH AFRICA EM 20-Mar 5.00% 5.50%
ICELAND 20-Mar 6.00% 5.00%
EGYPT EM 21-Mar 9.25% 9.25%
CHILE EM 21-Mar 5.00% 5.00%
TRINIDAD & TOBAGO 22-Mar 2.75% 3.00%


Toyota, GM U.S. Sales Match Ford, Chrysler Growth as Concerns Mount

Posted on Updated on

24/7 Wall St.

2013-Cadillac-CTScoupeFollowing the path set out earlier by Ford Motor Co. (NYSE: F) and Chrysler Group LLC, General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) posted U.S. sales gains in February that did not quite come close to matching the double-digit gains the companies put up in January. Ford sales were up 9% compared with a 22% jump in January and Chrysler sales were up 4% versus 16% in January. Toyota posted a year-over-year U.S. sales gain in February of 4.3% compared with a 27% growth spurt in January and GM’s February sales rose 7% compared to February 2012 sales, far below the 16% growth seen in January.

GM said it sold 224.314 vehicles in the U.S last month, with Cadillac sales up 20% to 13,845 units and Buick model sales up 15% to 16,150. GM’s Chevrolet badge accounted for sales totaling…

View original post 115 more words

Chrysler, Ford Report February Sales Jumps

Posted on Updated on

24/7 Wall St.

Ford Focus 2012February U.S. sales numbers are due out from most U.S. and foreign automakers today, and it looks like February was another good month for car sales.

Chrysler Group, which is controlled by Italy’s Fiat SpA, was first out of the blocks, reporting sales of 139,015 units, up 4% compared with February 2012 and up from 117, 731 in January.

Chrysler’s February sales were its best for the month since 2008 and marks the 35th consecutive month of year-over-year sales growth. Sales of Dodge-branded vehicles rose 30%, somewhat below the 37% year-over-year growth posted in January. The Ram pickup truck brand got a sales boost of 3%, to its highest level in six years. That is considerably lower than the Ram jump of 14% in January.

At Ford Motor Co. (NYSE: F), February U.S. sales rose 9% for the month year-over-year, to 195,822 units sold. In February 2012, the…

View original post 108 more words