Dow Jones Indexes Up Energy and Consumers Outperform

On March 30, the Dow Jones Industrial Average rose 63.80 points, or 0.49%, to 13209.62 points; the Nasda Composite Index fell 0.46 points, or 0.01%, to 3,094.90 points; the S&P 500 Index rose 5.59 points, or 0.40 points. %, to 1408.87 points.

Energy and consumer stocks led the gains. The Dow rose 0.49% late on Friday.

The U.S. economic data are mixed, and the EU will increase the size of its financial firewall to 700 billion euros. Investors are cautious about this. US stocks opened higher on Friday. The three major stock indexes rallied in the late afternoon. The Dow rose 63.80 points, or 0.49%. The Nasdaq fell 0.46 points, or 0.01%.

On the disk side, the technology sector led the decline, leading the consumer and energy sectors.

The Eurogroup meeting was held in Copenhagen, Denmark, on Friday, Saturday and Saturday. Raising the scale of the euro zone bailout is the main topic of the meeting. The market is concerned about this. The finance ministers of the euro zone agreed at the meeting to temporarily increase the size of the euro zone firewall from the initial planned 500 billion euros to 700 billion euros. In addition, temporary European financial stability and permanent European stability mechanism will begin to operate in July this year.

The Spanish budget minister, Christophe Montagno, said on Friday that the government will cut about 27 billion euros of spending in the 2012 budget to help reduce the scale of Spanish government borrowing. The various departments of the Spanish government will reduce the budget by 16.9% in 2012, and public employee compensation will be frozen. The high debt burden of the Spanish government is currently the focus of the financial market.

Greek Prime Minister Papademos said in an interview with reporters on the 30th that Greece is doing its best to ensure that it does not need a third aid, but does not rule out the possibility of needing a third aid. Papademos also pointed out that exit from the euro zone will be a disaster. Re-use of drachma will trigger severe inflation, exchange rate instability and bank deposits.

Richmond Federal Reserve Bank ** Jeffrey. In an interview with CNBC on Thursday, Lacker said that the U.S. economy will likely have a sufficiently strong recovery and the Fed will have to start raising the key interest rate in 2013. Lacker said that the average economic growth rate of the U.S. economy this year will be 2% to 2.5%, and it will begin to recover 3% next year, which will be enough to stimulate the Fed to end its long-standing interest rate policy of zero and return to normalization.

The data released by S&P on Friday showed that the listed companies of the S&P 500 Index had a net profit of 186.76 billion U.S. dollars in the fourth quarter of last year, which was lower than the 206.08 billion U.S. dollars in the third quarter of 2011 and also lower than the 187.67 billion dollars in the fourth quarter of 2010. Dollars. At the same time, the total scale of stock repurchases announced by the S&P 500 companies in the fourth quarter of last year was US$91.46 billion, which was a significant drop from the US$118.41 billion in the previous quarter.

In the European stock market, the euro zone finance ministers’ meeting agreed to expand the scope of lending by regional financial firewalls. The finance and mining sector rebounded from the downturn in previous trading days. The pan-European Dow Jones index closed at 263.32 points on Friday, up 0.99%. . The cumulative increase in the first quarter of 2012 was 7.7%.

In the main regional index, the oil giant Total rebounded strongly after falling for several consecutive days, driving the French CAC40 index to rise 1.26% to close at 3428.81 points, a cumulative increase of 8.4% since the first quarter; the German DAX 30 index rose 1.04% on Friday. At 6946.83 points, the blue chip index rose 17.8% in the first quarter of 2012; the British Financial Times 100 index rose 0.46% to close at 5768.45 points, the first quarter rose 3.5%. Spain's IBEX 35 index led the European regional index for several consecutive trading days. It rose 1.23% to 8008.00 points on Friday. However, since the first quarter, the Spanish stock index has still fallen by 6.5%.

In the gold market, after falling for three consecutive trading days, the price of gold has attracted some buyers to return to the bargain hunting market. In addition, the euro zone finance ministers’ meeting approved the expansion of the regional financial firewall, resulting in a rapid decline in the exchange rate of the US dollar. The New York Mercantile Exchange The main gold contract in June rose by 17 dollars to close at 1671.90 US dollars an ounce, or 1%.

In the crude oil market, crude oil prices rebounded after experiencing a general decline over a period of time. At the same time, investors generally do not want to hold too many positions before the weekend. The May crude oil contract on the New York Mercantile Exchange rose by 24 cents on Friday. It closed at $103.02 a barrel, or 0.2%.

Commodities, although China's demand outlook is still not clear, but the dollar weakened, the price of various commodity prices, including copper, formed a clear support, the London Metal Exchange three-month benchmark copper contract closed at Friday At $8,445 a tonne, the contract closed at $8,350 per tonne on Thursday and rose 11% in the first quarter.

Economic data Yesterday at 8:30 am EDT, data released by the US Department of Commerce showed that in the US, personal income rose by 0.2% in February from the previous quarter, which was less than the 0.4% QoQ increase for economists. Personal income rose by 0.3% in January from the previous month.

Yesterday at 8:30 am EDT, data released by the US Department of Commerce showed that consumer spending in the United States rose by 0.8% in February from the previous month, which was better than economists' average forecast of an increase of 0.6%. Consumer spending rose by 0.2% in January from the previous month.

Yesterday at 9:45 am EDT, data released by the American Institute for Supply Management showed that the Chicago PMI in March was 62.2 points, which was less than the average of 63.6 points expected by economists. The Chicago PMI for February was 64.0.

Yesterday at 9:55 a.m. Eastern Time, data from the University of Michigan and Reuters showed that the final value of the US consumer confidence index in March was 76.2 points, which was better than the 75.0 point averaged by economists. The initial value of consumer confidence index in March was 74.3 points.

Corporate News China-listed Chinese-Ganhan Forestry announced on Friday that it is seeking the approval of the Canadian Bankruptcy Court, will sell the company to third parties as a whole, or restructure to ensure that corporate bond holders can obtain almost all corporate assets.

US Trade Representative Ron Kirk said on Friday that since the EU governments have not stopped providing illegal subsidies to aviation equipment manufacturer Airbus, the United States will ask the World Trade Organization to seek a multi-billion-dollar European goods impose sanctions.

Oaktree Capital Group LLC, the world's largest non-performing debt investment company, filed an initial public offering application with the Securities and Exchange Commission (SEC) on Thursday, which is expected to top $517.5 million in this IPO.

The head of exploration and production technology at French oil giant Total said on Friday that the company will soon excavate two relief wells at the location of the North Sea Elgin drilling platform where a gas leak occurred.

The European Union approved on Friday an adjustment to the reorganization plan of the German commercial bank. The content includes that German commercial banks will divest Eurohypo, which is a public service company, by the end of 2014.

China has made it clear that it will open its compulsory traffic insurance business to foreign capital. This move will allow foreign companies, including American International and Allianz Insurance, to hope to gain more shares in China’s $50 billion compulsory insurance market.

“Changhe System”** Li Ka-shing revealed on March 29 that it has invested in Facebook’s 450 million U.S. dollars, and stated that Facebook’s maximum return will be the principal after the listing. The rest will be long-term investments. From 2007 to 2008, Li Ka-shing has jointly 120 million US dollars to buy Facebook about 0.8% of shares.

Due to the increasing number of Asian customers, Italian luxury group Prada increased its profit by 72% to 432 million euros last year, and net income increased by 25% to 2.56 billion euros. Prader decided to expand its business.

According to a latest document, Ford Motor CEO Allen. Alan Mulally’s total salary in 2011 increased from 26.5 million in 2010 to 29.5 million.

British BAE Systems said on Friday that the company had received an order to provide engineering support for the European Aerospace Defense Group's typhoon fighter, with a total value of 446 million pounds. BAE is currently the largest military manufacturer in Europe.

Singapore’s DBS Bank plans to purchase a controlling stake in Bank Danamon, Indonesia, from Singapore’s sovereign investor, Temasek’s subsidiary, which has a valuation of approximately US$3.2 billion. Currently, DBS Bank is the largest commercial bank in Southeast Asia.

Roche Holdings said on the 30th that the results of clinical phase III T-DM1 (trastuzumab emtansine) trials in HER2-positive breast cancer patients are very optimistic. Clinical trials have shown that T-DM1 can significantly prolong the survival of patients with HER2-positive breast cancer without disease progression.

AstraZeneca Plc, the UK's second-largest pharmaceutical company, said on Friday that the New Jersy District Court in the United States has ruled that its formula patent for antipsychotic drug Seroquel XR is valid. Both Torrent Pharmaceuticals and the generic manufacturer Mylan are listed as infringing this patent.

Former U.S. International Chief Executive Officer Morris Greenberg recently asked a judge to allow him to seek US$25 billion in claims from the U.S. government. He believes that during the financial crisis, the U.S. government was unconstitutional in order to save AIG’s nationalization.

France's utility company France Gas offered 60 billion pounds (about 9.5 billion U.S. dollars) to buy a 30% stake in British International Power. Earlier, the German Evian Group and the Rheinland Group said they had shelved their plans for a new nuclear power plant in the UK.

The Nikkei Shimbun reports that Toshiba, the world’s second-largest flash memory manufacturer, will compete with Micron Technology to purchase Elpida Memory, a Japanese chip maker that has filed for bankruptcy protection, to become a supporter of Elpida. Business.

Mining giant BHP Billiton stated in a statement on Friday that Ian Ashby, the head of the company’s iron ore division, who has worked for 25 years, will leave this July 1st. This management change makes the market feel Very surprised.

Mizuho Financial Group executives announced on Thursday that the group plans to merge its two banks, Mizuho Bank and Mizuho Corporate Bank, on July 1, next year. Mizuho is planning to merge its Mizuho Securities and Mizuho Securities Securities in January next year.

AMR, the parent company of American Airlines, lost 619 million U.S. dollars in February this year, and the contract lost 1.85 U.S. dollars per share. Operating operating income was $1.81 billion. AMR filed for bankruptcy protection on November 29 last year and became the first major airline in the United States to avoid bankruptcy in the past decade.