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European Stocks Strengthened, Retail Data Were Good &Nbsp, And U.S. Stocks Rose On Friday.

2011/8/13 8:27:00 43

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Retail Sales Of European Shares Rose Steadily

In the previous trading day

Rise

After that, US stocks were consolidated on Friday and rose slightly.

In August, consumer confidence in the United States dropped to a new low since 1980, putting pressure on the market.

As of 4:00 p.m. Eastern time, the Dow Jones industrial average rose 125.71 points, or 1.13%, to 11269.02 points, the Nasdaq composite index rose 15.30 points, or 0.61%, to 2507.98 points, and the standard & Poor's 500 index rose 6.17 points, or 0.53%, to 1178.81 points.

The pan European Dow Jones index rose 3% on Friday at 237.49.

The index dropped nearly 1.9% in early trading, and the favorable retail sales figures in the US also helped the European stock index expand.

Gain

。

Although the European stock index has been sharply rising for two consecutive trading days, the pan European Dow Jones index has seen a 0.58% decline in a week because of the sharp fluctuations in the market this week.

The New York Mercantile Exchange's main gold contract in December fell $8.90, or 0.5%, at $1742.60 an ounce.

However, the continuous trend of market driven by market risk aversion has led to a 5.5% rise in gold prices over the past five trading days.

The US Department of Commerce released a report that in June this year, US business inventories rose by 0.3% to $1 trillion and 520 billion after seasonally adjusted growth, up 11.1% from June 2010.

The growth rate was less than the average growth expected by market economists 0.6%. In May, US business inventories grew by 0.9%.

Reuters and University of Michigan jointly unveiled the latest US consumer confidence on Friday.

index

The index was reported at 54.9 in early August, much lower than the 63.2 level widely expected by economists and the lowest level since May 1980.

The U. S. Department of Commerce announced on Friday that retail sales were up 0.5% after the season adjusted in July.

Excluding volatile car sector data, sales also increased by 0.5%.

After the 11 day closing of the European stock market, France, Italy, Spain and Belgium announced that they would "sell short" financial stocks in the domestic market in the next 15 days.

Countries such as the United States, Britain and Holland have said there is no plan to follow up the ban on their stock market.

From historical experience, Lehman brothers

Investment

After the failure of the bank, Europe implemented the short selling ban in September 2008, but it only had a certain effect in the short term.

Abraham Livy, a professor at the high school of business in France, does not favor short selling prohibitions, and believes that short selling prohibition may be a blow to market confidence.

Italy's central bank said Italy's debt surged to 1 trillion and 900 billion euros (2 trillion and 700 billion U.S. dollars) in June, a record high, in part because of the country's share of the EU's aid package to Portugal.