US Economic Data Are Good &Nbsp; &Nbsp; Wednesday'S Index Rose 1.37%.

As of 4:00 pm Eastern time,

US employment, consumer confidence index and personal income and expenditure data were much better than expected, the US economic outlook improved and investor confidence restored. On Wednesday, US stocks rose higher and the Dow closed up 150.91 points, or 1.37%.

On the disk side, the means of production and pport sector led.

In terms of stocks, Caterpillar rose 2.49%, combined technology rose 2.57%, Boeing increased 2.85%, HP fell 1.01%, Tiffany increased 5.25%, Guess rose 10.54%, WAL-MART rose 0.63%, Taghit rose 3.64%, division CISCO -T increased 0.96%, Newmont mining fell 1.07%, BP rose 1.42%, GM rose, SAP increased.

Germany's strong economic data offset the sovereign debt crisis. The pan European Dow Jones index closed up 266.29 points on Wednesday, or 1.01%.

The index fell sharply in the first two trading days.

On Wednesday, oil prices rose by $2.61 to $83.86 a barrel, or 3.2%, driven by a weaker dollar and favorable macroeconomic data.

The inflation rate reached a record low to ease investor risk aversion. Gold prices fell $4.60 to $1373 an ounce, or 0.3%.

The US's better than expected economic data and the shadow of the European debt crisis pushed the US dollar stronger on Wednesday, ending the closing of the foreign exchange market and tracking the US dollar index of the six currencies to 79.79 points, or 0.14%.

The euro fell to 0.47% against the US dollar at $1.3314, while the Australian dollar closed at 98.14 cents, or 0.83%, while the US dollar gained 83.63 yen, or 0.58%, and the pound fell to 0.13% dollars in the US dollar at 1.5762 US dollars.

Economic data

At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that US durable goods orders fell by 3.3% in October, much lower than the 0.3% expected by economists, the biggest decline since January 2009.

In September, the figure increased by 3.3%.

At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that the US personal income increased by 0.5% in October, which is better than the expected increase of 0.4% by economists.

Personal consumption expenditure grew by 0.4% in October, less than 0.5%.

Personal income fell by 0.1% in September.

At 8:30 a.m. Eastern time, data released by the US Department of labor showed that the number of Americans seeking unemployment benefits dropped by 34 thousand to 407 thousand in the week ending November 20th, the lowest level since July 2008.

A week ago, the figure was 439 thousand.

At 9:55 a.m. Eastern time, Reuters and University of Michigan jointly announced that the US consumer confidence index ended in November at 71.6 points, better than the 69.5 expected by economists.

The index ended at 67.7 in October and 69.3 at the beginning of November.

At 10:00 a.m. Eastern time, data released by the US Department of housing and urban development showed that the number of new home sales fell by 8.1% to 283 thousand in October, far below the 314 thousand expected by economists.

In September, the new housing sales volume was 307 thousand.

At 10:30 a.m. Eastern time, data released by the US energy information administration showed that in the week ending November 19th, Sino US crude oil inventories increased by 1 million barrels, while analysts generally expected to reduce 1 million 800 thousand barrels.

At 12:00 a.m. Eastern time, data released by the US energy information administration showed that in the week ending November 19th, Sino US natural gas inventories decreased by 6 billion cubic feet, while analysts generally expected inventories to increase by 1 billion cubic feet to 3 billion cubic feet.

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Company news

Owen Pickard, the clearing director of Madoff investment company, filed a petition against the federal bankruptcy court in Manhattan on Tuesday, accusing UBS of fraud and misconduct in the management of investors' funds in Ponzi scheme, demanding UBS to compensate investors for at least $2 billion.

Bennet, chief inspector general of Hawaii, said on Wednesday that Citigroup had agreed to buy back its earlier sale of $869 million securities to the state and to repay all of its investment losses.

In February 2008, the securities were sold to Citigroup in the form of federal student loans, but the financial crisis stopped banks from supporting these loans.

France's Danone Group announced on Wednesday that it will buy $103 million for YoCream, a frozen yogurt supplier in the US, with a net sales expected to be $58 million in 2010.

The paction is expected to be completed by the end of 2010.

Caterpillar, the world's largest maker of construction equipment, will hire Goldman to help it issue Renminbi bonds in Hongkong. It is reported that the company plans to raise 1 billion yuan (US $150 million) in the issuance of two-year bonds.

Once established, the company will become the second foreign company to issue RMB bonds in Hong Kong after McDonald's.

In September this year, McDonald's raised 200 million yuan by issuing 3 year bonds in Hong Kong.

Us luxury goods retailer Tiffany's third quarter net income increased 27% to $55 million 100 thousand, and revenue grew 14% to $681 million 700 thousand over the same period, better than analysts expected.

At the same time, the company also raised its annual profit forecast.

BMW, Mercedes Benz and Audi, the three largest German luxury car manufacturers, have targeted their children's toy car market in their development goals. For these companies, the role of the market not only brings new profit growth points to them, but more importantly, it is to train a new generation of customer groups.

The Saudi billionaire Prince Ali Walid and his Kingdom holding company said they subscribed a $500 million stake in general motors IPO.

General Motors last week hit a IPO price of $33 per share, and awalid ranked nineteenth on the Forbes global list of rich and held 95% stake in Kindom holdings.