October 29Th International Financial Media Headlines

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Reuters: Microsoft's results are expected to exceed market expectations.

According to the report released by the US software giant Microsoft Corp on Thursday, thanks to the sales growth of flagship products such as Windows and Office software, and the great success of the latest Halo video games, the company's profit in the past quarter has surged by 51% and exceeded the market expectations.

As a result of this news, Microsoft's stock price rose 2.8% in the after hours trading this Thursday, but the stock price of the company has dropped by 14% since 2010.

Microsoft Corp said in its earnings report that the company achieved a net profit of $5 billion 400 million, or 62 cents per share, in the first quarter of September, while two data grew significantly over the same period in 2009.

In the third quarter of 2009, Microsoft Corp realized a net profit of US $3 billion 600 million, or 40 cents per share.

The results of Microsoft's announcement exceeded the expectations of Wall Street analysts.

According to a previous investigation by Thomson Reuters, analysts expect the average net profit per share of Microsoft to be 55 cents.

In addition, Microsoft realized a profit of $16 billion 200 million in the current period, up 25% from the same period last year, which is higher than the $15 billion 800 million expected by analysts.

MarketWatch: US quarterly issuance reduced to US $364 billion.

According to a survey released on Thursday by the securities and Financial Markets Association (SIFMA), the total amount of bills and bonds issued by the US government in the fourth quarter of 2010 will fall to $364 billion, slightly lower than the $390 billion issued in the third quarter.

The US Securities and financial market association also said in its survey report that the 2 year treasury bond yield will be increased from the current 0.37% to 0.40% as of December, and will maintain this level until next March.

In addition, it is estimated that in the fourth quarter of 2010 and the first quarter of 2011, the yield of 10 - year treasury bonds will fall to 2.40% from the current 3.68%.

The yield of 30 - year treasury bonds is expected to fall from 4.05% to 3.70% in the fourth quarter.

CNBC: mid-term election or leading to deadlock in US financial reform

If the Republicans win a major victory in the mid-term elections to be held next Tuesday in the US Congress, as expected by the outside world, the Wall Street firm and major banks will be able to complete sweet but not full vengeance on the Democratic Party.

In the past few years, the Democratic Party has carried out far-reaching financial reform regardless of the opposition of the whole industry.

From the current situation, the most likely result is that the democratic party loses control of one or two of the two chambers of Parliament.

Analysts believe that if the above results occur, the internal government of the United States will be divided and will fall into a two-year legislative deadlock on major financial services reform.

This means that the problems faced by the financial regulatory authorities will not become more complicated, but at the same time, they will not become simpler.

Keefe, Bruyette & Woods policy analyst Gardiner (Brian Gardner) said: "we predict that the financial industry reform will face two years of stalemate, during this period, the entire financial industry is unlikely to change fundamentally."

Bloomberg: Macquarie says it will continue global expansion.

Macquarie Group, Australia's largest investment bank, said that although the company's profit level in the past two quarters has dropped to its lowest level in nearly six years due to the decline in paction volume and the rise in pay costs, it will not stop the pace of global expansion.

A semi annual report by Macquarie Group showed that the company achieved a net income of 403 million Australian dollars ($394 million) in the six months to September 30th, down 16% from the 479 million Australian dollar in the same period in 2009.

As the profit is better than analysts' expectations, the Macquarie Group's share price has seen its biggest single day rise in nearly three months.

In the 12 months ended September 30th, Nicholas Moore, the chief executive of Macquarie Group, increased the total number of employees in the company by 22% to 15533, so as to better expand business in the US and Europe and other markets. (Moore)

Financial Times: corporate profits are improving, and US dollar weakness is pushing up confidence in the stock market.

In this week's stock market paction, market sentiment has been rising as the market has been weakened by the weakening of the US dollar and the quarterly report has improved.

In addition, the improvement of employment data in the United States has become a driving force for further market growth.

But industry analysts say the Fed's interest conference next month will become the focus of the market's future.

If the size of the Fed's purchases of bonds, such as earlier market expectations, will become a catalyst for the late stock market to go higher.

At the close, the Dow Jones Industrial Average fell 16.57 points to 11109.71 points, or 0.15%, while the Nasdaq composite index rose 4.11 points to 2507.37 points, or 0.16, while the standard & Poor's 500 index rose 1.22 points to 1183.67 points.

In the European market, Holland's Royal Shell Companies and France Telecom's impressive quarterly results pushed up confidence in the European stock market.

As of Thursday's close, the pan European blue chip index closed up 0.4%, at 1085.87 points.

Crude oil and natural gas shares led.

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YAHOO Finance: GM will pay $2 billion 100 million in government aid.

The US Treasury Department said on Thursday that GM would pay 2 billion 100 million dollars to the government on behalf of taxpayers in the company's aid investment.

This will enable GM to pay up to $9 billion 500 million.

In the past financial crisis, the US government has provided nearly $50 billion in loans and investments to general motors.

The Ministry of Finance said that once GM completed its IPO, the company would repay the government by holding 84 million preferred shares held by the government.

At present, the Ministry of finance's investment in general motors is 40 billion dollars, equivalent to 60.8% of the company's common stock holdings.

GM's initial public offering is expected to take place next month.

Wall Street Journal: Mobil Q4 will buy $5 billion stock.

Exxon Mobil Corp (XOM) said on Thursday that the company plans to increase its share buyback to $5 billion in the fourth quarter, which will be much higher than the $3 billion reached in the third quarter.

The company increased 55% to $7 billion 350 million in the three quarter, with a revenue of $95 billion 300 million.

Exxon Mobil also said that capital expenditure in 2010 will remain unchanged at 28 billion US dollars.

Exxon Mobil has not yet completed its acquisition of XTO energy company, a natural gas company.

After the merger of XTO energy's business into Exxon Mobil, the latter increased its annual capital expenditure plan to about $30 billion 500 million.

Standard & Poor's reiterated its "strong buy" rating for Exxon Mobil.

New York Times: signs of economic recovery in Europe and Central Asia

The latest figures show that the main index reflecting consumer sentiment and business sentiment in Europe has increased more than earlier market expectations.

The European Commission's European economic sentiment index rose 0.5 points in October, up 0.3 points in September this year.

In the euro area, the index rose 0.9 points in October this year, rising for two consecutive months.

But the growth of optimism in the Nordic region has been restrained by the pessimism of the market to Spain and some other southern European countries.

In Central Asia, countries including Kazakhstan will also see growth in the future as they show signs of recovery due to recent increases in oil and commodity prices.

Nikkei news: Japan or expand the 5 trillion asset purchase plan

Bank of Japan governor Shirakawa Gataaki said Thursday that if the economy deteriorates, the Bank of Japan will likely expand its 5 trillion yen scale asset purchase plan.

In an interview with reporters, Shirakawa Gataaki said the Bank of Japan will check the effect and negative effects of the asset purchase plan. If the bank considers the measure to be effective, and if the economic situation changes significantly, the Bank of Japan may expand its asset purchase scale.

India times: Indian food inflation dropped to 13.75%

Data released by the India government on Thursday showed that India's domestic food inflation dropped by 1.78 percentage points to 13.75% as of October 16th.

As of October 9th, the food inflation rate in India was 15.53%.

This is the second consecutive week of food inflation in India.

The main factor contributing to the decline in food inflation in India is the improvement of summer food supplies and the fall in prices of certain vegetables, especially potatoes and onions.

Compared with the same period last year, potato prices in India's domestic market dropped by 49.69%, and onion prices fell by 6.93%.

Overall, vegetable prices in India fell by 0.77% over the same period last year.

However, the prices of basic necessities such as grain, milk and fruit are still very high.

After the fall in food inflation in July, inflation levels returned to a high level from August to September due to factors such as supply disruption and heavy monsoon.