четверг, 31 октября 2013 г.

And in Asia, markets mostly closed lower, despite the People's Bank of China injecting $2.13 billion


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U.S. stocks were higher late Tuesday after earlier gains as blue chips gained, led by rises in stocks like IBM and Pfizer , while investors awaited the conclusion of the two-day FOMC meeting that started today and as they digested more earnings reports.
Within minutes of market close, the Dow Jones Industrial Average was up 100 points at 15,669, while the Nasdaq climbed 9 points to 3,949 despite midtown give it up being halted for nearly one hour around midday, and the S P 500 climbed 8 points to 1,770, on track for a new record close.
The Federal Open Market Committee started Tuesday its two-day policy meeting, where the Fed is expected to keep its monetary easing program in place for now, due partly to the government shutdown midtown give it up and recent weak economic releases, including the September jobs report. A decision on the bond buying program is anticipated on Wednesday.
On the economic front today, the producer price index for September fell 0.1%, compared to consensus expectations for a 0.2% rise, according to Bloomberg. Less food and energy, the index rose 0.1% as expected. Also premarket, the U.S. Department of Commerce reported retail sales in September fell 0.1%, versus expectations for flat growth. Less autos and gas, retail sales climbed 0.4%, topping estimates for 0.3% growth.
Separately, the S P/Case-Shiller reported its home-price index rose 1.3% in August, the smallest monthly gain since March, while the U.S. Department of Commerce said business inventories rose 0.3% in August, below expectations.
In addition, the Conference Board reported consumer confidence fell in October to the lowest level in six months, down at 71.2 from a revised 80.2 in September. Economists midtown give it up polled by MarketWatch had projected the index to drop to 75 in October.
midtown give it up BP 's (NYSE: BP ) shares rose nearly 5% after reporting third quarter underlying replacement profit dropped to $3.7 billion from $5 billion a year earlier but exceeded midtown give it up forecasts of $3.4 billion. The energy giant raised its dividend by 5.6% to 9.5 cents a share, and said it intends to sell another $10 billion in assets within two years and use the money for payouts to shareholders.
U.S.-listed shares of Nokia ( NYSE:NOK midtown give it up ) jumped over 10% Tuesday after the handset maker pared its third-quarter loss even as net sales declined. It also shipped 8.8 million smartphones midtown give it up running Microsoft s Windows software in the quarter, midtown give it up up from 7.4 million in the second quarter and 2.9 million a year ago. Nokia is planning midtown give it up to sell its phone business to Microsoft Corp. ( NASDAQ:MSFT ) for $7.2 billion.
And in Asia, markets mostly closed lower, despite the People's Bank of China injecting $2.13 billion into the country's money markets for the first time in two weeks. While the move may have been designed to ease fears that the central bank was moving to tighten monetary policy significantly, repo rates rose anyway.
In commodities,December gold shed 0.5% to finish at $1,345.50 an ounce on the Comex division of the New York Mercantile Exchange, midtown give it up while December crude surrendered 0.5% to end at $98.20 midtown give it up a barrel on the New York Mercantile Exchange.
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