Crude oil rose to promote U.S. stocks edged higher on
the second day
Us stocks ended higher Tuesday, continue upward trend yesterday.Oil prices rebounded to promote energy stocks rose.The fed from today began to hold the attention of a two-day monetary policy meeting.
Eastern time on December 15, 16:00 ,The dow Jones(17524.91, 156.41, 0.90%) of the industrial average rose 156.41 points, to 17524.91, up 0.90%;The standard & poor's 500 index rose 21.47 points, to 2043.41, up 1.06%;The nasdaq(4995.36, 43.13, 0.87%) composite index rose 43.13 points, 4995 points, or 0.87%.
From the federal reserve began a two-day monetary policy meeting on Tuesday, at 2 PM on Wednesday released the statement.Market is generally expect the fed to its benchmark federal funds rate to rise 0.25% on Wednesday, stressed that the future will be slow to raise interest rates.If the fed to raise interest rates is the first time since June 2006.
Led by higher oil prices rebounded,Exxon mobil(79.43, 3.40, 4.47%) (XOM) become one of the best stock performance of the dow 30 stocks.
BMO Private Bank chief investment officer Jack Ablin, (Jack Ablin) said: "given the recent market movements since the oil price, I think the energy sector performance not only contribute to the improvement in the stock market, also is advantageous to the credit markets. Any factors to support the rise in oil prices can support investor confidence."
On Tuesday, January delivery on the New York mercantile exchange crude oil futures prices rose $1.04, or 2.9%, to settle at $37.35 a barrel.Brent crude oil futures prices rose 53 cents, or 1.4%, to settle at $38.45 a barrel.
When it comes to U.S. stocks rose on Tuesday, FBN Securities chief market strategist at Jeremy Klein (Jeremy Klein) said: "I think many people now hope to take positions before the fed's decision."He also thinks that the crude oil futures prices rebound and the morning of the CPI report also gave us stocks.Klein said that oil prices may have bottomed out in 2015.
On Monday, the s&p 500 index and the dow Jones industrial average closed higher after experiencing twists and turns, oil prices fell after the rebound driven by a rising stock market.But so far this year oil prices are still down about 31%.Early Tuesday, U.S. crude oil futures prices rose about 2%, close to $37 a barrel.
Daiwa capital markets economic research director Chris was nabbed luna (Chris Scicluna) said: "in the United States, although fuel price decline is expected to make the name of the CPI fell to zero, but the years than the increases of 0.5% will still."
Robert W.B aird company strategist, said they expect market volatility will be bigger, but also believe that there will be a so-called Christmas rally.
The company market strategist at Bruce than toth (Bruce Bittles) with William del vecchio (William Delwiche) in the research report, said: "from now on, we expect volatility will remain at high levels. But as Christmas draws near, investor panic boom-bust, related to tax sales decrease, seasonal power on the horizon, rally will appear at the end of the year."
November economic data, the consumer price index (CPI), excluding energy and food prices excluding the core CPI growth of 0.2%.New York December manufacturing index from 10.7 to 4.6 in November.
New York regional index of manufacturing condition show contraction slowed in December, showed that the factory but didn't continue to worsen conditions are still weak.New York federal reserve on Tuesday, the report said business conditions in December, New York, index from 10.7 to 4.6 in November, to its highest level since July.
The index is higher than zero indicates the situation improves.4.6 reading is above investigation for MarketWatch analysts on average expected - 7.5.But the index has been negative for five months.
Stocks news, the dow3M(148.13, 9.50, 6.03%) (MMM) share price.Given that the global economy continues to slow down the company earnings in 2015.3 m said, now expects full-year earnings growth will be 1%, had expected a 1.5% to 2%.
qualcomm(48.02, 1.19, 2.54%) (end) stock prices, the company has rejected a suggestion to split.
Has been Liquidators Holdings (LL) shares rose, because of the famous big short the stock to retreat.
At the same time, the F5 Networks (FFIV) attention, after the close on Monday, the company announced its CEO resigned for "personal reasons".
FactSet Research Systems (FDS) announced fourth-quarter earnings rise, revenue surged.
VeriFone Systems (PAY) announced on Monday after the close quarter than market expectations.
Other markets, European stocks rose on Tuesday.Asian markets ended mixed.The dollar index were little changed.
In February the New York mercantile exchange for delivery of gold futures prices fell $1.80, or 0.2%, to $1061.60 an ounce, as the lowest closing price since December 3.Pan gold today the lowest $1057.4, the highest see $1067.9.January crude futures rose $1.04, or 2.9%, to settle at $37.35 a barrel.Brent crude rose 53 cents, or 1.4%, to settle at $38.45 a barrel.
Junk bond markets tumbled new basis for the fed to raise interest rates gradually position
Bloomberg said, junk bonds could stop yellen, chairman of the federal reserve to raise interest rates this week, but maybe can give yellen more a cause, to make clear the future tightening monetary policy will gradually, and show confidence in the economy.The federal open market committee (FOMC) the end of two days of meetings on Wednesday, is widely expected to announce economic can make it to raise interest rates for the first time since 2006, despite the high yield bonds plummeted last week began.
Mutual Fund company Third Avenue Management on December 9, wrote to investment, says its Focused Credit Fund suspended redemptions, the settlement of the remaining assets.The move shocked the credit markets.SPDR barclays high-yield bond ETF on Friday at the lowest level since 2009.
In 2006 and 2007, America's subprime storm warming the fed did not detect momentous upheaval in advance, and criticism.This fresh, or can make decisions officials are more focused on the difficulties the junk bond market.The irony is that market turmoil could make officials more stick to the current way, further clear position.
The November consumer price index was flat Because of the energy costs down
The U.S. department of labor, according to data released on Tuesday the consumer price index (CPI) flat, rose 0.2% in October.Excluding volatile food and energy of the core CPI rose 0.2% in 3 consecutive months.
Crude oil prices hit its lowest level since the global financial crisis in 2009, despite the increased purchasing power of the American people, but can cause inflation continues to less than 2% of the federal reserve's target level.Policymakers have said the low energy costs and a stronger dollar is temporary impact on inflation.Expect policymakers will take place on Wednesday for the first time in nearly 10 years.
November CPI data conform to the expected value of the bloomberg survey.Prediction intervals between fell 0.1% to rise 0.2%.November CPI rose 0.5% year-on-year, creating the biggest rise since this year, while the CPI rose 0.2% in October.CPI are expected to increase in the coming months, reflecting out at the end of the year and the beginning of 2015 low base of comparison, when oil prices continue to plunge.
New York December manufacturing index of record after July
According to a New York regional index of manufacturing condition slowing contraction in December, showed that factory but didn't continue to worsen conditions are still weak.New York federal reserve on Tuesday, the report said business conditions in December, New York, index from 10.7 to 4.6 in November, to its highest level since July.
The index is higher than zero indicates the situation improves.4.6 reading is above investigation for MarketWatch analysts on average expected - 7.5.But the index has been negative for five months.Pershing macroeconomic chief economist Ian Shepherdson, (Ian Shepherdson) said: "this report is not too bad, but quite unpleasant."
3 m cut earnings fell 3.8%
3 m (MMM) cut profit forecasts this year, said the company is working with the sustainability of the global economic slowdown, the company continue to try to revive performance through layoffs and divestitures.The current 3 m expected 2015 earnings per share of $7.55, in October this year the company's earnings per share target cut time for $7.60 and $7.65.In August of this year, 3 m's expectations of full-year earnings per share to $7.73 and $7.93.
The comprehensive industrial group also said it expected 2016 earnings per share to $8.10 - $8.45, analysts on average expected value is $8.40.In October this year, 3 m cut performance expectations also announced job cuts in 1500, accounts for about 1.7% of the company's total workforce.At the end of last year 3 m company has nearly 90000 employees around the world, at the end of 2005 to 69000.
Over the past three months, the CEO eng - Turing (Inge Thulin), under the leadership of 3 m company has evaluated the thousands of business for sale.This year the company sold in France a production license plate with the logo of the business department, and another to the business departments of library service.The company said it will be sold in early 2016 to decide whether a business units to provide health care enterprise software.
Gold fell 0.2% on Tuesday closed at $1061.6 an ounce.
Gold futures prices fell slightly on Tuesday.The federal reserve will be announced at tomorrow's important monetary policy decision, may determine the future of precious metals.One analyst said that the federal reserve meeting before market expectations that the precious metals market as if into a "casino".
In February the New York mercantile exchange for delivery of gold futures prices fell $1.80, or 0.2%, to $1061.60 an ounce, as the lowest closing price since December 3.Pan gold today the lowest $1057.4, the highest see $1067.9.
For delivery in March silver futures rose 7.5 cents, or 0.6%, to $13.77 an ounce.But for march delivery of refined copper futures prices fell 5.5 cents, or 2.6%, to close at $2.057 a pound.
Oil prices rose 2.9% in New York cloth oil rose 1.4% on Tuesday
Crude oil futures prices closed higher on Tuesday, continuing the rebound yesterday.On Monday, oil prices recover from after six losses.The fed's important monetary policy meeting starting today, the market generally expected the central bank[microblogging]Prepared to raise interest rates for the first time in nearly 10 years.
The New York mercantile exchange on January delivery crude oil futures prices rose $1.04, or 2.9%, to settle at $37.35 a barrel.Brent crude oil futures prices rose 53 cents, or 1.4%, to settle at $38.45 a barrel.