Wall Street bounces on weak dollar by Magdalena Rosova

A fall of the dollar encouraged buying in industrial and commodity-linked shares, which has significantly changed a current situation on Wall Street. The Federal Reserve's new policy of very low interest rate caused that many investors are now more confident in buying riskier assets like stocks and commodities. Market strategist Quincy Krosby suggests that the correlation had come back because of the Fed and its promise of asset purchases. In the last month the euro and the economic index S&P E-mini futures contract have tacked each other. In the past sessions they have had a correlation coefficient of 0.8, which means they have a strong relationship. The Dow Jones industri! al average gained 129.35 points, which represents 1.18 percent. Other industrial indexes are very positive as well. The Dow Jones industrial average (.DJI) gained 129.35 points, or 1.18 percent, and grew to 11,107.97. The Standard & Poor's 500 Index (.SPX) rose 12.27 points, or 1.05 percent, to 1,178.17. The Nasdaq Composite Index (.IXIC) added 20.44 points, or 0.84 percent, to 2,457.39. Thanks to the material shares the broad market also got higher. Freeport-McMoRan Copper & Gold grew 2.8 percent and S&P materials index rose 2. percent. Commodities gained thanks to the drop of the U.S. dollar to a near 15 year low against the yen. The Dow Jones index grew mainly thanks to the Boeing Company that reported a quarterly profit that was higher than all expectations and raised its full-year forecast. The company's growth was caused by a recovery in the commercial airplane market.

related story (sgx18456): http://onl! ine.wsj. com/article/SB1000142405274870329800457445...

by Magdalena Rosova for Cantell TV (http://cantell.tv)

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Investors waiting for Fed to print more money. by Milota Sidorova

I bet there is nobody who will argue the fact the value of money is completely artificial. Its power, market results and long-term economy consequences are backed not by some physical value such as gold or some products, but by their amount. The amount of money makes strong or weak markets. And there are just several institutions in this world that have the right to print more money or on the other hand to decrease their amount. One of them is private Fed. And this institution is currently on focus, since markets or better said investors have put a faith in what's called another money flow input. Fed is expected to prolong the period of favorable business conditions and &#! 8222;pour“ more money into the economy. Recent market results only prove this kind of expectation – Dow Jones index ended above 11,000 points last Friday and it was for the first time since May. Investors are expecting Fed will decide for „quantitative easing“ on its next meeting that is scheduled on November 3rd. The reports from job market that is another market shaping factor remain the same – the unemployment holds around 9.6 percent and although President Obama signed announced to release $30 billion and some tax reductions for small and middle businessmen it would take longer period to be reflected in job market. World markets ended up with slight growth, British shares rose 14.79 points, or 0.3 percent, at 5,672.40. Germany's DAX gained 17.84 points, or 0.3 percent, to 6,309.51. The CAC-40 in France got 5.31 points, or 0.1 percent, higher at 3,768.49. Dollar was down against euro last days and euro seemed to gain at least temporal ! growth after months of decrease. But other currencies remain s! peculati ve – many countries tend to lower the value of their currencies just to fix (mean increase) export incomes and sales to keep the image of growing GDP.

related story (sgx18383): http://news.yahoo.com/s/ap/20101011/ap_on_bi_ge/world_market...

by Milota Sidorova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital c! ontent through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

Currency – a new policy tool? by Barbora Misakova

In such difficult times like these, there is no surprise people are doing what they can to make money. Economy crisis hit us all and not very kindly, so efforts to start old business up again are more than understandable. The question is: where are the limits? Timothy Geithner, U.S. Treasury Secretary, has been pointing out the risk of a round of destructive competitive currency devaluations. Semi-annual meetings of the International Monetary Fund and World Bank which will take place this weekend, in all probability will be also trying to solve this problem as it is serious and it has global importance. As Geithner pointed, global institutions have to make coordinated push ! to persuade as big countries as China to let their currencies’ vale rise. If they don’t do that, it will endanger the global economy as a whole. “This is a problem because when large economies with undervalued exchange rates act to keep the currency from appreciating, that encourages other countries to do the same.” he said at the Brookings Institution. According to him, Obama administration has ample backing for its efforts to get Beijing to move toward market-oriented exchange rates, even though he was not that optimistic about its speed. “China will be less likely to move to allow its currency to rise more rapidly if it is not confident other countries will move with it.” Geithner said. As America is slowly bringing on its feet again, other countries overly reliant on exports try to abuse it. But as Geithner said: “Countries overly reliant on exports to us for their own growth will need to change their policies, or else global gr! owth will slow and all of us will be worse off.”
related story (sgx18348): http://news.yahoo.com/s/nm/20101006/bs_nm/us_currencies_geit...

by Barbora Misakova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

by Zivka Deleva

by Zivka Deleva for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

Mena – nový politický nástroj? by Barbora Misakova

V takých ťažkých časoch, ako sú tieto, sa niet čomu čudovať, ak sa ľudia snažia zarobiť nejaké peniaze. Ekonomická kríza nás zasiahla všetkých a nie veľmi vľúdne, takže snahy opätovne rozbehnúť staré obchody sú viac ako pochopiteľné. Otázkou zostáva: kde majú tieto snahy svoje hranice? Timothy Geithner, americký minister financií, poukazuje na riziko menovej vojny, v ktorej pôjde o deštruktívne devalváciu zahraničných mien. Polročné zasadnutie Medzinárodného! menového fondu a Svetovej banky, ktoré sa má uskutočniť tento víkend, bude s najväčšou pravdepodobnosťou riešiť aj tento problém, nakoľko má celosvetovú dôležitosť. Ako Geithner zdôraznil, globálne inštitúcie musia koordinovane tlačiť na veľké a prosperujúce krajiny akou je napr. Čína a presviedčať ich o potrebe zvyšovania hodnoty ich meny. Ak to neurobia, môže to ohroziť svetovú ekonomiku ako celok. „Je to problém, pretože keď veľké ekonomiky s podhodnotenými výmennými kurzami nedovoľujú zhodnocovanie meny, povzbudzuje to ostatné krajiny k tomu, aby robili to isté.“ povedal v Brookings Institution. Podľa neho, administratíva súčasného prezidenta Baracka Obamu má pre tieto snahy dostatoč! ;nú podporu, avšak nebol už natoľko optimi! stick 53;, čo sa týkalo rýchlosti ich reálneho presadenia. „Je len malá pravdepodobnosť, že Čína dovolí, aby jej mena rástla rýchlejšie, kým tak neučinia aj ostatné krajiny.“ povedal Geithner. Keďže sa Amerika pomaly dostáva opäť na nohy, ostatné krajiny závislé na exporte sa to budú snažiť využiť. Ako však Geithner povedal: „Krajiny, ktoré sa pri svojom raste príliš spoliehajú na export k nám, budú musieť svoju politiku zmeniť, inak sa spomalí globálny rasť a všetci na tom budeme horšie.“

related story (sgx18354): http! ://news.yahoo.com/s/nm/20101006/bs_nm/us_currencies_geit...

by Barbora Misakova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

Noviot šef na HP - dobar ili loš izbor? by Zivka Deleva

Ništo novo vo kompanijata "Hjulet Pakard" denovive. Iako kompanijata ima nov menadzment, negvoiot izvršen šef sé ušte nema usepano da dokaže deka e najdobriot izbor za edna od najdobrite amerikanski kompanii. Leo Apoteker gi povika investirorite da pokažat pogolem interes za kompanijata što toj ja vodi, otkako akciite opadnaa za 3.4 procenti. Pa, Vol Strit i ne beše baš najdobroto mesto kade gazdite na HP trebaše da bidat denovive. Posle site kontroverzii poradi najmuvanjeto na Apoteker, ovoj čovek ima golem bagaž zad sebe. Toj e iskusen prodavač poliglot i odluči deka na kompanijata ne i trebaat gol! emi promeni. Spored nego, HP e zdrava kompanija so dobar menadzment. Se čini deka Vol Strit očekuvaše povekje od Apoteker, imajkji potreba postojano da go sporeduva so negoviot prethodnik Mark Hard, koj sekogaš prezemal poohrabruvački čekori. Ekonomskite analitičari smetaat deka na investitorite može da im treba vreme za da go zapoznaat ovoj čovek podogro, zašto normalno e vo biznis-svetot za da steknat doverba ušte ednaš. Osven Apoteker, kompaniskiot odbor sugeriraše ušte petmina kandidati za rabotnoto mesto, no Apoteker bil omileniot. Nikoj ne bi dal ostavka od izvršen šef ako nešto ne bilo problem. Hard ja napušti udobnata fotelja pred dva meseca otkako beše objaven skandal so nekoja žena sorabotnik. Pred HP, Apoteker rabotel za germanskata SAP, no dobil ozkaz. Sega, sekoj što se griži za izborot, se prašuva dali takov čovek bi bil najdobriot izbor z! a kompanijata. No, kako i sekogaš, ostanuva na vremeto da! doka 82;e dali ovaa dilema e opravdana ili ne.

by Zivka Deleva for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

New HP's CEO - good or bad choice? by Zivka Deleva

Nothing new at the Hewlett-Packard Co. these days. Though the company has a new management, its Chief Executive still hasn't succeed that he is the best choice for one of the best U.S. companies. Leo Apotheker had called the investors to show more interest in the company he is leading, after the shares have decreased for some 3.4 percent. So, Wall Street wasn't the best place for HP's officials to be these few days. After all the controversial over the hiring of Apotheker. This man has a big luggage behind him. He is an experienced salesman multilingual one and decided that the company doesn't need big changes. According to him, HP is a healthy company with good managers. ! It seems like Wall Street expected more from Apotheker, having the need to compare him with his predecessor Marc Hurd, that always made more encouraging steps. Economic analysts find that investors might need some more time to get to know this new man better, because it is normal for the business people to gain a new trust again. Besides Apotheker, the companies board suggested five more candidates for the working post, but Mr.Apotheker has been the favorite one. No one would resign a CEO place if something is wrong. Hurd left the comfortable seat two months ago after a scandal involving a female contractor showed. Before HP, Apotheker had been working in German's SAP, but got fired. Now, everybody concerned with the choice, is wondering whether such a man would be the best choice for the company. But, as always, it stays to the time to prove whether this dilemma is justified or not.

by Zivka Deleva for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.