Wall Street increased in the 200th Pts

NEW YORK, otofinanceinfo - Wall Street jumped sharply in trading Tuesday, 15 June 2010. where investors make purchases party. Dow Jones index turned positive for this year and rise above 200.

Investors are motivated over the success of debt auctions in Spain, Belgium and Ireland, the European concern over the debt crisis. Euro rally against the dollar and pushing commodity prices higher.

"You saw the return of confidence in this new and clearly this new pricing evidence kepara euro. Clearly there is a trend to return to risky assets," explains Managing Director of Stifel Nicolaus Capital Markets, is 'Tom Schrade'. as quoted from Reuters, Wednesday, 16 June 2010.

Average Dow Jones Industrial (DJI). climbed 213.88 points, or 2.10 percent, to 10,404.77. Standard & Poor's 500 Index's (SPX). rose 25.60 points, or 2.35 percent, to 1,115.23. The Nasdaq Composite Index (. IXIC) climbed 61.92 points, or 2.76 percent, to 2,305.88.

Trade moderate with transactions running at the New York Stock Exchange reached 8.41 billion, below average last year reached 9.65 billion.

The positive sentiment from the European single currency also makes the euro rose to above USD1, 23 which is the highest level since June 3.

Semiconductor stocks helped lift the Nasdaq after TSMC (2330.TW) and UMC (2303.TW), two of the world's largest contract chip maker, forecast increased demand in the coming months amid an improving global economy and rising sales of new personal computers and other consumer gadgets.

Intel Corp. (INTC.O), the world's dominant chipmaker, added 2.8 percent to USD21, 48, while Broadcom Corp. (BRCM.O) rose 5.7 percent to USD35, 84, and Marvell Technology Group Ltd. (MRVL.O ) jumped 8.3 percent to $ 18, 94.

S & P index of energy stocks (GSPE). gained 2.7 percent, with US-listed shares of BP Plc (BP.N) up 2.4 percent at USD31, 39. Halliburton Co. (HAL.N) rose 6 percent to $ 25, 46, while Cameron International Corp. (CAM.N) rose 4.4 percent to USD37, 38.

Shares of Intel Corp., which is the largest chip producers jumped 2.8 percent, up 5.7 percent of Broadcom Corp. and Marvell Technology Group jumped 8.3 percent. thanks already visited (otofinanceinfo).
Photo: Corbis

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England Crop Growth Target to 2.6%.

Reporting LONDON - The latest news about the economy. England in 2011 cut its economic growth target to 2.6%, and cut the estimated annual lending to the public to be 155 billion pounds.

Quoted from 'AFP', Monday, 14 June 2010, these growth figures published by the independent fiscal watchdog, the coalition government formed by Prime Minister of England. is David Cameron.

The previous government estimate of economic growth target could be expanded by 3.25%.

Meanwhile, 'The Office for Budget Responsibillity', in a statement when the borrowing country reveals the UK, when compared with the previous estimate of 163 billion recorded at pound.Terimakasih already visited (otofinanceinfo)

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South Korea - Start Controls Won Currency Exchange Rate.

Reporting SEOUL - The latest news of economic challenge, 'The South Korean government' announced the start to limit currency trading in the banking sector.

Transactions in banks and financial institutions 'south korea' which is bounded forward currency transactions, cross-currency swaps and currency non-deliverable forwards.

Reuters, Sunday, 13 June 2010, this step is intended to control short-term debt and fluctuations in the flow of funds so that it can suppress the economic risk.

The financial authorities 'south korea' fear a sharp decline in the won exchange rate, as long as world market turmoil caused by the debt crisis will negatively affect European Affairs of ginseng. 'South Korea' to stabilize the exchange rate and reduce overseas borrowing.

"This policy aims to reduce fluctuations in capital flows that could trigger a systemic risk to the state and not the intervention to a specific value, said Minister of Finance, financial regulators, and 'South Korean Central Bank'," in a joint statement.

He added that countries should prepare a special rescue tools for critical instruments such as the high volatility in capital flows.

Restrictions should be implemented in October, and is applicable to local and foreign financial institutions. But official data from Government 'south korea' indicates a foreign bank must immediately implement this new rule.

These new rules will reduce the forward and futures transactions by bank and non-bank institutions in the 'south korea' by 50 percent. Capital requirements for foreign banks increased 240 per cent of bank capital.

As a result, local banks' capital requirements is only one thirtieth of a foreign bank. Currently, foreign bank derivative transactions reached 300 percent of their capital, while local banks have visited only 15.6 persen.Terimakasih (otofinanceinfo)

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