Monday, December 27, 2010

Sub-prime "cold" re-formed Army of Wall Street major blow to Bhutto's assassination.

<P>: Http://finance. News, the U.S. subprime mortgage market, another wave of "cold" on the 27th so that Wall Street played the "chills." .As the market came several major financial firms may be more in the fourth quarter write-downs of the news, New York Stock Exchange ahead of the end of "holiday broad based", the same day, led by financial shares opened low. .In addition, the assassination of former Pakistani Prime Minister Benazir Bhutto's news on the market formed a major blow. .</ P> <P> "As with other political events, (Bhutto assassination) messages triggered suspicion in the market, this suspicion is never a good thing." Mai Dite Dragon Asset Management CEO Walter .Graham Smokin Popovich said. .Benazir Bhutto was assassinated, and the U.S. commercial crude oil inventories fell in the message to promote international oil prices rose sharply. .On the 27th, the New York Mercantile Exchange, February crude oil delivery indicators rose Sixty-five cents per barrel to close at 96.6 two dollars. .</ P> <P> the 27th, the Dow Jones Industrial Average fell 192.08 to close at 13,359.6 one. .Nasdaq and S & P five hundred index fell 1.75% and 1.4% three, to close at 2676.79 and 1476.27. .Close of the year because the market downturn in trading activities, to avoid the three major indexes fell more dramatically. .</ P> <P> the date of the famous investment bank Goldman Sachs announced that three major U.S. financial giant Citigroup, Merrill Lynch and JP Morgan will conduct the fourth quarter totaling approximately 33.6 billion U.S. dollars in write-downs. .At the same time, Fitch Ratings (Fitch Ratings) will be two hundred and five include mortgage lenders lowered credit rating watch list. .Citigroup and Merrill Lynch's share price the day down 2.4 percent, respectively, and 2.3%. .JP Morgan shares were down 1.9 percent, to close at late $ 44.08 per share. .</ P> <P> fact, the market received the bad news far more than that. .U.S. Commerce Department released data that the initial orders for durable goods in November increased 0.1 percent monthly rate, much lower than Wall Street had expected three per cent. .The U.S. Labor Department said the United States at the December 22 deadline this week jobless claims rose to three hundred forty-nine thousand people, much higher than expected. .A variety of weak economic data, the market worried about the U.S. economy may fall into recession. .</ P> <P> market analysts said the current focus has been on Wall Street fell in 2008. .Analyst Ross said: "Next year will be hopes and fears coexist in the slowdown of economic development ---- the stock market may also reduce the interest rates and profits fluctuated in the message." </ P>.

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