Fundamental Forex News of Today. Not Europe that will be the center of attention of the owners of capital in the weeks ahead, but the current situation on American soil.Less than two weeks before the presidential election the United States (U.S.), New York Stock Exchange has been hampered by the problem that was never predicted. Sandy storm that hit the city of New York earlier in the week led authorities closed the floor of the New York Stock Exchange for a while. The focus of the government is now focused on the evacuation of residents to safe areas. However, the electronic trading session likely remain open until there is further confirmation of the suspension.
Back to the conditions in the stock market, investors are expected to be passive ahead of the November 6 general election. Though many things can be the driving sentiment for the stock price. Some macroeconomic data releases will not trigger volatility, regardless of whether or not the results are as expected. The results of the election to be the most awaited because the winner will play a role in determining the direction of U.S. economic policy. Until the decision appears, investors will be patient while waiting for the departure of the storm pulled Sandy.
The most important reports are scheduled to appear this weekend is labor sector data, the most prominent issue in the last presidential debate. Urban employment data and ADP payrolls be opening in November on Friday (02/10). Last month, the unemployment rate fell to its lowest level in more than three years and employment is stronger than reported throughout last summer. The unemployment rate is back at the level of President Obama's first time to rule, but the U.S. economy has not been able to expand employment as it was before the president took office. This means that when viewed from the employment figures, Obama has not made improvement at all.
Other data that should be listened to is a manufacturing report version of the Institute of Supply Management and the Chicago PMI. Last month, the activity of the domestic manufacturing grew for the first time in four months. While two housing sector data, the Case-Shiller index of 20 and construction spending, contributing U.S. reflects macroeconomic conditions. Indications of recovery housing sector seemed last week when the ratio drops significantly foreclosures and new home sales through the highest level in two years. In addition, data of household expenditure and income, consumer confidence and auto sales are also out this week.
Do not forget also the agenda of corporate earnings that have not been completed, because some companies still have not announced his third-quarter income statement. Some of them are Ford (F), Exxon Mobil (XOM), AIG (AIG), Starbucks (SBUX), Chevron (CVX) and Berkshire Hathaway (BRKA). More than half of the components of the S & P 500 have reported earnings performance to date.
Approximately 70% of the issuer's profit above analysts' estimates, but only 36% who scored above the estimated sales figures. Worse, many of the company slashed its revenue target by the end of this year because of the global economic conditions. U.S. stocks posted a second loss in three weeks. The Dow Jones industrial average lost 1.8%, the S & P 500 minus 1.5% and the Nasdaq fell 0.6% during the last week.
Back to the conditions in the stock market, investors are expected to be passive ahead of the November 6 general election. Though many things can be the driving sentiment for the stock price. Some macroeconomic data releases will not trigger volatility, regardless of whether or not the results are as expected. The results of the election to be the most awaited because the winner will play a role in determining the direction of U.S. economic policy. Until the decision appears, investors will be patient while waiting for the departure of the storm pulled Sandy.
The most important reports are scheduled to appear this weekend is labor sector data, the most prominent issue in the last presidential debate. Urban employment data and ADP payrolls be opening in November on Friday (02/10). Last month, the unemployment rate fell to its lowest level in more than three years and employment is stronger than reported throughout last summer. The unemployment rate is back at the level of President Obama's first time to rule, but the U.S. economy has not been able to expand employment as it was before the president took office. This means that when viewed from the employment figures, Obama has not made improvement at all.
Other data that should be listened to is a manufacturing report version of the Institute of Supply Management and the Chicago PMI. Last month, the activity of the domestic manufacturing grew for the first time in four months. While two housing sector data, the Case-Shiller index of 20 and construction spending, contributing U.S. reflects macroeconomic conditions. Indications of recovery housing sector seemed last week when the ratio drops significantly foreclosures and new home sales through the highest level in two years. In addition, data of household expenditure and income, consumer confidence and auto sales are also out this week.
Do not forget also the agenda of corporate earnings that have not been completed, because some companies still have not announced his third-quarter income statement. Some of them are Ford (F), Exxon Mobil (XOM), AIG (AIG), Starbucks (SBUX), Chevron (CVX) and Berkshire Hathaway (BRKA). More than half of the components of the S & P 500 have reported earnings performance to date.
Approximately 70% of the issuer's profit above analysts' estimates, but only 36% who scored above the estimated sales figures. Worse, many of the company slashed its revenue target by the end of this year because of the global economic conditions. U.S. stocks posted a second loss in three weeks. The Dow Jones industrial average lost 1.8%, the S & P 500 minus 1.5% and the Nasdaq fell 0.6% during the last week.
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