全部版块 我的主页
› 论坛 › 提问 悬赏 求职 新闻 读书 功能一区 › 真实世界经济学(含财经时事)
20120608 Follow me 393 U.S. Stocks Rise as China Cuts Rates to Boost Growth
南方小子
1572 9
2012-06-07
U.S. Stocks Rise as China Cuts Rates to Boost Growth
U.S. stocks rose, following the biggest gain in the Standard & Poor’s 500 Index this year, as China cut interest rates for the first time since 2008 to bolster growth in the world’s second-largest economy.

The S&P 500 rose 0.8 percent to 1,326.23 at 9:31 a.m. New York time. The benchmark index jumped 2.3 percent yesterday.

“Speculation about what policy makers may do as a follow up to what China has done is bolstering markets,” said Mike Ryan, the New York-based chief investment strategist at UBS Wealth Management Americas. “There’s a perception that if growth decelerates, if markets become stressed, that global policy makers stand ready with additional measures. In addition, the risk-off trade had been pretty severe. The market has moved into what we consider to be very inexpensive ranges.”

Equities rallied as China’s move fanned optimism that global policy makers will act to bolster growth. Federal Reserve Chairman Ben S. Bernanke is scheduled to testify on the outlook for the economy in Congress today. Fed Vice Chairman Janet Yellen yesterday said slowing job growth and deteriorating financial-market conditions show the U.S. economy “remains vulnerable to setbacks” and may warrant additional stimulus.

Investors also watched economic data. Fewer Americans applied for unemployment insurance payments last week. First- time claims for jobless benefits fell to 377,000 from a revised 389,000 the prior week. The median estimate of 49 economists surveyed by Bloomberg News called for 378,000 claims.
Three Days
The S&P 500 (SPX) rose 2.9 percent in three days, wiping out the loss driven by a disappointing jobs report on June 1. Earlier this week, the index traded at 12.9 times its companies’ reported earnings, according to data compiled by Bloomberg. That was the cheapest valuation in six months, the data showed. Concern about Europe’s debt crisis and a global slowdown took the S&P 500 down as much as 9.9 percent from this year’s peak.

Shares of smaller U.S. companies foreshadowed this week’s gains in stocks as they did when the worst bear market since the Great Depression ended, said Andrew Wilkinson, a Miller Tabak & Co. strategist. Wilkinson drew this conclusion by tracking the differential between the Russell 2000 Index (RTY)’s dividend yield and the 10-year Treasury note’s yield, as compiled by Bloomberg.
The Russell 2000’s yield, based on companies’ dividend payments during the past 12 months, was 30 basis points higher at the end of last week. The gap was the widest since March 9, 2009, the day that the gauge bottomed out after a 59 percent plunge in 17 months.
‘Market Recovery’
This indicator pointed to “the onset of a stock-market recovery,” Wilkinson, who is based in New York, wrote in a June 5 report. His call preceded this year’s biggest two-day gains in the Russell 2000 and the S&P 500.

The Russell gauge climbed 3.8 percent during the advance. Companies in the index, which will complete an annual overhaul this month, have a median market value of $475 million. The S&P 500, with a median of $11.9 billion, added 2.9 percent.

Yesterday’s 1.69 percent dividend yield for the Russell 2000 trailed the S&P 500’s yield by 46 basis points, according to data compiled by Bloomberg. In the past decade, the smaller- company index has yielded 59 basis points less on average. Each basis point equals 0.01 percentage point.

了解Follow Us版
https://bbs.pinggu.org/thread-1130480-1-1.html
英文网址，欢迎补充！
https://bbs.pinggu.org/thread-1410923-1-1.html
Follow Us 发帖指南、常见问题及意见征集

https://bbs.pinggu.org/thread-1131076-1-1.html

关于Follow Us 版面建立官方群
https://bbs.pinggu.org/thread-1212960-1-1.html






二维码

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

全部回复
whachel1976
2012-6-8 05:42:15
“Market recovery” has been mentioned a few times since the onset of the financial crisis.
Who knows the decrease of  Americans applying for unemployment insurance payments last week was not due to randomness of the short period or unqualification for those who couldn't find a job for too long a time ?
二维码

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

reduce_fat
2012-6-9 04:59:25
Why did the thread maker not post any constructive comments on his forwarded article? He has posted a few forwarded articles without any constructive comments in this forum. It's easy to copy and paste articles in this forum, but the difficult thing is to make constructive comments on each article you forward to here.

Note: Comments, such as "Thank you for your opinions or support" are not considered as constructive comments.
二维码

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

happylife87
2012-6-9 14:59:52
But Chinese stock markets do not rise! What a joke!
From today's data released by the Statistic Bureau, it does not show a good situation. It seems a time for interest rate cut, but bad consequences will come in the near future!
The only good news is that oil prices was set down due to the falling of oil prices in international market.
二维码

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

南方小子
2012-6-9 21:21:47
happylife87 发表于 2012-6-9 14:59
But Chinese stock markets do not rise! What a joke!
From today's data released by the Statistic Bur ...
I have nothing about Chinese stock markets,and I think you know the reason .
It seems to be not good about the world economic.But we need to wait and sunshine finally be there!
二维码

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

南方小子
2012-6-9 21:34:01
reduce_fat 发表于 2012-6-9 04:59
Why did the thread maker not post any constructive comments on his forwarded article? He has posted  ...
I am very sorry about that .On one hand,I join here not too long ,so I do not know some rules about Follow us.On the other hand ,it is a hard work to comment some articles . Besides,i also think the forwarded articles need us to read more than once.If it must to do as you say ,I will do that .
二维码

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

点击查看更多内容…
相关推荐
栏目导航
热门文章
推荐文章

说点什么

分享

微信QQ空间QQ微博
扫码加好友，拉您进群
各岗位、行业、专业交流群