Russian English German Italian Spanish Portuguese Chinese French Japanese Korean
NEWS DIRECTORY FORUM FINANCIAL FORECASTING FOREX GUIDE
Members access
Email:
Password:
home based business opportunity

Sign up now.
Forgot password?

Choose Category
 Forex Forecasts
 USMarket
   
   INFORMATION
 About
 Business support
 Feedback
 Forex informers
 Easy Forex
 Glossary
 Forex Market
 Forex Brokers
 Forex Trading

Customer quotes
[an error occurred while processing this directive]
D

Contact

  Email: click here
  Tel: +1 312 2390929

Forex · News · USMarket

NEWS / USMarket

USmarket By results of last congressional elections investors revise their portfolios.

11:47 11/09/2006

After deep drop right at the beginning of the tenders key share indexes again showed forward dynamics.

During the tenders exchange indexes as if traced the latest news of a political life of the country. We remind that investors were under impression of results of congressional elections, and any news connected with this event at once found the ready response in the financial markets

.

So, after the message that henceforth the House of Representatives is under the control of Democrats key again tested some pressure.

However then after news that President Bush sent in resignation unpopular Minister of Defense Donald Ramsfeld, one of initiators of military campaign in Iraq, the stock market got a new positive impulse.

To the end of the tenders it was clear that Democrats prevailed in the Senate also that strengthened consumer moods among investors.

The knowledge of an alignment of forces in parliament allowed investors to determine benefit og owners of new political situation in the share market. And it, in turn, allowed, having revised portfolios, to join in a pursuit of leaders of the market.

 

So, for example, hoping that Democrats will revise interdictions on some kinds of researches connected with stem cells, investors shifted attention to papers of some biotechnological companies engaged in researches of stem cells.

As a result StemCells Inc. shares added +10,4 %, having hiked $0,32 up to $3,39 for a share. And Aastrom Biosciences papers added +6,7 %, having risen in price $0,10 up to $1,59 for a share.

Geron Corp. papers also showed growth, were up +3,3 %, or $0,28 to $8,66 for a share. And ViaCell shares rose in price +2,4 %, or $0,13 up to $5,64.

 

Besides taking into account that Democrats support programs on diversification of power resources of the country, investors began to buy up actively shares of the companies specializing in development of alternative energy sources.

As a result Plug Power shares were up +5,3 %, or $0,21 to $4,14 for a share. Ballard Power Systems shares added +8,7 %, or $0,58 up to $7,25, FuelCell Energy - +3,4 %, or $0,23 up to $6,95, and Energy Conversion Devices increased capitalization by +1,4 %, or $0,52 up to $38,21 for a share.

 

At the same time I believe that the Democrats can moderate appetites of a military-industrial lobby greatly and reduce volume of orders to leading enterprises of defense sector, investors started to dump their papers. As a result shares of Lockheed Martin, Northrop Grumman, General Dynamics and Ceradyne lost yesterday 1,2 %, 2,14 %, 2,1 % and 3,5 % accordingly.

 

After data on oil and mineral oil stocks were below analysts’ expectations oil future contracts rose in price. So, December future contract was up $0,90 and was closed at a level $59,83 a barrel.

And gold futures fell in price after results of elections in the USA were cleared up. The price of December future contract decreased $9,40 to $618,30 for ounce.

 

As a result Dow-Jones index of New York stock exchange was up 12.97 points and is at a level 12169.74. NASDAQ index grew 7.26 points and is at a level 2383.14. S&P 500 index climbed 2.38 points and is at a level 1385.22.

And 30-years US Treasury notes’ yield fell 0.026 in comparison with the previous closing and makes 4.730.

 

Despite yesterday's rise of key share indexes we recommend to wait for their descending correction. After end of this correction there is possible a long-term purchase of futures for Dow-Jones and S&P 500 indexes.

 

 

 

* Printer-Friendly Version * Send This Page * Add to Favorites * Comments
Prev All News Category News Next

World Time
Calendar
 November, 2006
Sun Mon Tue Wed Thu Fri Sat
      01 02 03 04
05 06 07 08 09 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    
ADV
Forex NewsAdvertise
Resource
Forex Forex Guide
Forex Analysis Forex News
Forex Broker Foreign Exchange
Forex Directory Russian Forex
World Market
Market Snapshot
Stock Quotes

19/12 21.15
TickerBidAsk
USD/CHF1.15601.1562
GBP/USD1.99541.9956
USD/JPY113.4100113.4300
EUR/USD1.43521.4354
AUD/USD0.85770.8581
USD/CAD1.00521.0056
EUR/GBP0.71920.7194
EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
GBP/JPY226.3000226.3600
GBP/CHF2.30702.3080
Forex â êðàñíîäàðå
Forex â êðàñíîäàðå
Major world indices

| Forex Trading | Business catalog | China Real Estate | Forex Broker | Forex Market | Forex Forum | Investing resources |
© Copyright 1998-2006 OpenForex.com - forex trading, brokers, financial forecast