Wednesday, April 20, 2011

U.S. Stock Amid Stronger Signal Stimulus Reduction

Dow Jones: In yesterday's trading U.S. stocks and bonds rose as the yen weakened as a result of central bank signals is quite comfortable with the level of the current economic recovery and to reduce the stimulus.

S & P 500 Index (+0.6%) 1102.35 and the Dow Jones (+0.6%) 10405.83. The Swiss National Bank said it would stop buying bonds in an effort to shore up the economy while The Bank of England said it would spend no more than 200 billion pounds (USD326 billion) to buy bonds.

Regional Morning: Japan Exchange rose for the first time in four days as the reduction in U.S. unemployment is increasing confidence that economic expansion increased and brokers to increase ratings. Nissan Motor Co. (+2.6%) after the strengthening of the dollar against the yen.

Nomura Holdings Inc. (+1.4%) as the stock was rated "strong outperform" rating and brokerage sector "overweight" in a new cover by Mitsubishi UFJ Securities Co.. JTEKT Corp. (+3.6%) after the stock rating was raised to "outperform" and "underperform" by Credit Suisse Group.

Nikkei 225 (+0.74%) 9,935.43. Kospi index (-0.45%) 1645.26. The S & P / ASX 200 (+0.45%) 4627.40. STI (+0.14%) 2785.75.

Commodities: Crude oil traded below USD71/barel in New York, heading for its biggest weekly decline since September after a decline in U.S. fuel inventories which lowered confidence that demand will recover. Crude oil for January delivery traded at $ 70 level, 56 barrel, up 2 cents on the NYMEX. Yesterday, the price of crude oil fell 13 cents to $ 70, 54.

Crude Oil (+0.1%) $ 70, 6/bbl. Copper prices fell after inventories in London Metal Exchange jumped 34% since 30 September. Currently, copper inventories rose to 461.625 metric tons, and is the highest level since April 20.

Copper for March delivery -0.7% to USD3.103/pound. Gold (+0.4%) USD1.136/oz, CPO (-1.5%) RM 2458 / MT, Nickel (+1.8%) USD16.275/MT, Tin (+0.2%) $ 15 .300/MT.

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