Hit the global markets for large earthquakes in the past week due to uncertainty that marred the atmosphere of the global economy. While the varied reports on the status of Greece investors interpreted the U.S. growth data at different angles. Shares in the technology sector is the only one which recorded a positive performance by taking advantage of the strong results for my company, Apple, Samsung, which shares rose significantly during the last session. In the metals markets and currency gains amounted to gold during the current January to about 10%. Gold prices rose and the first Friday of the 1% registered the biggest gain in three days in a row since late October after a report showed growth of less-than-expected U.S. economy in the fourth quarter of 2011 prompted investors to rush to buy the metal as a safe investment. And euro jumped to its highest level in more than six weeks against the dollar.
And the major stock indexes closed in the New York Stock Exchange trading week on varying the Dow Jones industrial index 74.17 points, or 0.85%, to reach 12660.46 points.The index Standard & Poor’s broader 2.11 points, or 0.16%, to 1316.32 points. The Nasdaq Composite Index of technology stocks by 11.27 points, or 0.40%, reaching 2816.55 points. On Thursday, U.S. stocks she died a month-long upward trend on Wall Street, a retreat, which he described as a warning potential investors of more than double.On Wednesday, U.S. stocks closed backed by strong earnings for Apple and the promise of the Federal Reserve to keep interest rates low for two more years at least.
In the same vein, European shares ended the first week of losses since mid-December after the bearish economic data has been disappointing for investors to sell for profit-taking following the strong rise of the market recently. The FTSEurofirst 300 index of shares of big companies in Europe was down 10.11 points or 0.96% to 1041.61 points.The index has been recorded on Thursday, its highest close in 6 months. Analysts said the market has seen strong recent purchases, triggering an upward trend and that the U.S. data provided an excuse for investors to sell to reap the profits. Came stock car manufacturers at the forefront of the losers with a fall in the sector index by 1.9% after it announced that Ford Motor’s second-largest car manufacturers in the U.S. profits lower than expected in the fourth quarter of last year due to higher commodity prices and the poor results of its operations in South America and Europe.
Gold climbed above 1730 dollars an ounce for the first time in seven weeks. And accelerated the pace gold’s gains on Wednesday when the Fed said the U.S. was likely to keep interest rates near zero until at least late 2014, and was ready to provide additional incentives for the economy. The price of gold rose for the immediate transactions of $ 1737.86 an ounce in late trading in New York, ending a week on the gains of 5% is the biggest gains in a single week since the last week of October. And U.S. futures rose gold for February delivery to $ 11 to $ 1737.70 an ounce. And damage to the dollar after the publication of the U.S. growth data, where euro of $ 1.3220, its highest level since Dec. 13. Sterling jumped to 1.5730 dollars, nearing its highest level in 5 weeks against the dollar of 1.5735 U.S. dollars, which struck on Thursday.