Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq to a finish in the green. The Dow Jones Industrial [...]
Friday, January 6, 2012 The market’s focus today clearly will be on the strong December non-farm payroll report, but Europe likely will not be far from investors’ minds either. The market has found it hard to make meaningful gains this week despite very good readings on the domestic economy, held back by continued Europe related [...]
(RFMD) Ahead of Wall Street – January 6, 2012 – Ahead of Wall Street
According to data released Wednesday by the Cabinet Office, Japan’s Consumer Confidence Index rose by 1.0 point to 41.1 in January, showing an increase for the first time since June of last year.
The consumer confidence index itself contains five scores, each of which is considered positive when above 50, and pessimistic when below the 50 mark. Here’s a breakdown for January figures, with the change from the previous month:
The employment score lags behind, as it has for some time. However, it is worth noting that employment scores 2.1 points higher than a year ago and a whopping 24.4 points higher than January 2009. January also showed a rise in all five scores, which also happened last June.
The U.S. saw a significant rise in light vehicle sales in January. It grew significantly by 17% to a seasonally adjusted annual rate (SAAR) of 12.6 million units in January, reflecting a strong uplift in the industry. SAAR reached the highest level during the month since the cash-for-clunkers program in the summer of 2009. All [...]
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