U.S. growth data thwart global markets


Most of the indicators fell global markets yesterday, after data showed the U.S. economy grew at a slower pace than expected in the fourth quarter of 2011.

The markets witnessed a correction technician amid sell-off for a profit, in Japan fell Tokyo shares dragged lower by shares of exporters due to the high value of the yen against other major currencies, while in Europe have focused attention to internal factors, most notably the crisis talks Greek debt, and shares fell U.S. affected weak earnings from Ford and Proctor & Gamble and concerns about euro zone debt.

Tokyo Stock Exchange

And Japanese stock indices closed in the main Tokyo Stock Exchange lower, where the Nikkei index of 225 shares, 8.25 points, or 0.09% to close at 8841.22 points and dropped broader Topix index of 3.48 points, or 0.46% to close at 761.13 points.

Shares in exporters such as Toyota Motor Corp. and Sony Corp., affected by high value of the yen against major currencies, and enhance the decline in the value of the local currency of the competitiveness of Japanese exports in foreign markets, thereby increasing the revenues of export companies, and fell Toyota by 1.7% and fell Sony 1.39% .

Shares in any C-Corp 7.14% after the company announced it would write off 10 thousand jobs within the country and abroad, is also expected to incur a net loss of 100 billion yen, or 1.29 against the previous forecast a net profit of 15 billion yen by the end of the current fiscal year, which ends in March 31.

Nintendo shares

Shares in Nintendo influenced by the successes of devices iPhone produced by Apple, announced the Nintendo DS by a sharp fall in quarterly profit and forecast annual loss bigger than expected for a weak demand for its dimension three games and Wii with the transformation of consumer devices the iPhone and the iPad, and fell Nintendo 4.1 % at closing after falling by up to 7.8%, its lowest level in eight years.

Indicators for Europe

In the same vein, European stocks fell for the highest level in six months in the movement of technical correction after the strong rise in the previous session. Still attention hung on the talks, the Greek debt, and in one of the stages of trading fell 300 index of top shares of major European companies 0.3% to 1048.38 points, after rising 1.2% in the previous session, its highest level since early August, said Keith Bowman, analyst Equity Foundation Hargreaves Anzdown: We can see an upward trend of the market If you see a positive result, with respect to the Greek debt talks, but warned that a deal will not solve the broader issues relating to the financial support across Europe.

New York Stock Exchange

America’s Dow Jones industrial average 23.54 points, or 0.18 percent to 12711.09 points, while the index fell the S & P 500 broader 2.99 points, or 0.23% to 1315.44 points. The Nasdaq Composite Index laced companies Altakuloggio 6.79 points, or 0.24% to 2798.49 points.

The major U.S. stock indices fell in the New York Stock Exchange with banking shares and the report showed a decline in home prices. The Dow Jones fell by 22.33 points, or 0.18% to close at 12734.63 points. The benchmark Standard & Poor’s 7.62 points or 0.57% to close at 1318.43 points. The Nasdaq Composite Index increased by 13.03 points, or 0.46 percent to 2805.28 points.

Impediments to growth

U.S. economy grew at its fastest pace in a year and a half in the last quarter of 2011, but rebuilding the stocks of companies and weak spending on capital goods point to a slowdown in growth in early 2012. The Commerce Department said gross domestic product (GDP) annual growth of 2.8 percent compared with 1.8% in the previous quarter, the highest rate since the second quarter of 2010. But it was slightly less than analysts’ forecasts of $ 3%.

Said Ryan Sweet at Moody’s economic Onalitkis of economic analysis in West Chester, Pennsylvania, the economy ended in 2011 by largely positive elements, but growth in the fourth quarter does not encourage growth in early this year.

In 2011, the whole economy grew 1.7% compared with 3% in the previous year. The growth was in the fourth quarter with the support of a temporary rebuilding of stocks of companies that recorded the fastest pace since the third quarter in 2010 after falling in the third quarter for the first time since late 2009. And increased inventories $ 56 billion to add 1.94 points to the percentage growth of GDP. Excluding inventories the economy grew only 0.8%, down sharply from 3.2% in the previous quarter.

  • Isabela

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