Employment in the private comfort Wall Street

5th August 2010

U.S. markets blow. At the close on Wednesday, the Dow Jones gained 0.41% to 10,680 points, the Nasdaq is 0.88% to 2304 points while the S & P grants itself 0.60% to 1127 points.

After the series of bad statistics released Tuesday as investors welcomed with relief the figures of private sector employment. The monthly survey from consulting firm ADP showed that the U.S. has created 42,000 jobs in July, when economists and analysts on average expected 40 000 new posts. The June figure was also revised upward and now shows 19,000 new jobs, 13,000 cons first announced.

These figures augur well before the official statistics of the U.S. labor market that will be published Friday. Economists and analysts on average had forecast an index down to 53.

Moreover, the ISM services has accelerated unexpectedly in July. It stood at 54.3 last month, against 53.8 in June

On the currency front, the dollar resumed on Wednesday it some color, but remains near its lowest level since 1995 against the yen and a low of three months against the euro. Indeed, this Wednesday, the euro continues to evolve over $ 1.32, while the dollar plunged against the yen at 85.42 yen 85.80 yen against Tuesday night.

Anadarko bounded

Time Warner (+0.40% to $ 32.49) has published a quarterly profit above Wall Street expectations after posting the largest increase in sales for two years.

Anadarko (4.29% to 55.01 dollars) oil group, owns 25% of wells BP, Tuesday reported a net loss of 8 cents per share less than 48 cents per share loss a year previously.Excluding items, earnings came in at 49 cents, while the consensus gave 35 cents.

EA (7.42% to 17.38 dollars) announced on Tuesday quarterly results better than expected and confirmed its forecast of annual and that could still give breath to the title Wednesday.

The Federal Trade Commission (FTC), U.S. competition authority, said Tuesday it had reached an agreement with industry giant Intel microprocessors (+0.08% to 20.73 dollars), against which she had complained in December for anticompetitive practices. AMD remains unmoved at 7.51 dollars.

The Canadian RIM (-3.85% to 53.39 dollars) presented Tuesday in New York, his new BlackberryTorch 9800, which will go on sale August 12 and will compete directly with Apple's iPhone 4 (+ 0.40% to 268.98 dollars), but his disappointment Arab continuing.Saudi Arabia has in effect suspended the BlackBerry service, according to the UAE, the Gulf countries demanding to watch multimedia phones from the Canadian manufacturer, which replicates grant any waiver of its encryption system, particularly safe.

Investment bank Lazard Franco-American (stable at U.S. $ 31.42) said Tuesday that the heirs of the deceased CEO Bruce Wasserstein, and other current and former executives of the bank, were put on the market some 7.4 million shares, or nearly 7% stake.

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