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Bank of America bailout buoys global stocks

作者:stephen    文章来源:方向标英语网    点击数:    更新时间:2009-1-22 【我来说两句


  "A river of woeful economic news over recent weeks has not helped, but it is concerns over the dark clouds still clustered over the financial sector that are the real worry," he added.
  Nevertheless, the Bank of America news has put those fears to bed for now and U.S. stocks are expected to continue their late session recovery from Thursday.www.examda.com
  Dow Jones futures were 130 points, or 1.6 percent, higher at 8.292, while the broader Standard & Poor’s 500 futures rose 14.50 points, or 1.7 percent, to 853.80.
  The markets will also be keeping a close eye on some key U.S. economic reports, including data on inflation and industrial production.
  Economists believe the consumer price index fell 0.9 percent in December, less than the record 1.7 percent drop recorded in the previous month. Meanwhile, industrial output is expected to have fallen by 1 percent during the month.
  Elsewhere in Asia, the Shanghai Composite Index climbed 1.8 percent, while benchmarks in South Korea, Singapore, Australia, Taiwan and India also advanced.
  Oil prices continued to fluctuate with crude light, sweet crude for February delivery down 50 cents at $34.90 a barrel. Overnight, the contract fell 5 percent, or $1.88, to settle at $35.40, swooning as low as $33.20 during the session to a near five-year low.
  The dollar strengthened 0.8 percent 90.48 while the euro rose 0.9 percent to $1.3262.

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