Business

Economic results
by kristina leskova

This year is slowly finishing and it is the time for summarizing. After a very difficult beginning of this year we can talk about some improvement. The market is slowly recovering; consumers begin to believe that the situation could stabilize in a short time. We can take a closer look on the stock market. The stocks finished mixed on Tuesday even if the commodity prices raised energy and material shares. The American dollar has been weakening for eight months and this was very good for American exporters. The falling dollar caused that the goods were cheaper and the foreign demand was increasing. But after these eight months the dollar rebounded. The most important thing is! how much the consumers are spending. The consumers are very important because they can help country to recover from the recession. The retailers reported better results than they expected but anyway they will be careful before coming holiday shopping season. Christmas is coming and people it is important to buy the presents at least for their children. But the consumers are still cautious because they need their money to pay the costs of living. The retailers can only expect that consumers will spend much more during the holidays. Dow Jones industrial average rose 30,46 or 0,3 percent to 10,437,42. The broader Standard & Poor 500 index rose 1,02 or 0,3 percent to 2,203,78. The Dow Jones is up 725 points or 7,5 percent. And this is recorded in this month. Some analysts warn that the market is growing too fast and there are still problems like for example unemployment which need to be solved. The oil rose 24 cents to 79,14 dollars per barrel.

related story (! sgx15947): http://news.yahoo.com/s/ap/20091117/ap_on_bi_st_ma_re/us_wal...

by kristina leskova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 1:33 PM