Britain on the 5th National Bureau of Statistics announced that the second quarter of this year the British manufacturing output fell 0.8 percent the first quarter. British economic growth is another sign of slowing down.
National Bureau of Statistics, the British manufacturing industry has declined for four consecutive months, it has the potential to lead Britain's second-quarter economic growth rate decreased 0.06 percentage points. According to the earlier forecast second-quarter British economic growth of 0.2%.
The second quarter, the British food, beverage and tobacco industry output value than the first quarter decreased 1.6 percent, water, electricity and gas sector output fell 1.9 percent, mining output increased 0.6 percent.
In addition, in July this year, the British services sector index for the 47.4, although a slight increase from the previous month, but still below the 50 demarcation point that service activities are still in contraction.
Analysts here said that while the United Kingdom in the manufacturing and service industries continue to decline, but the Bank of England rate cut unlikely, because the current inflation level much higher than the central bank's 2 percent target. Bank of England is expected this week will maintain 5 percent of the benchmark interest rate unchanged.
2008-08-10
American International Group, the net loss for three consecutive quarters
The world's largest insurer American International Group (AIG) 6 issued earnings reports that as credit default swaps, and other business losses, in the second quarter of the group for the third-quarter net loss.
财报显示, AIG second quarter net loss of 5.36 billion U.S. dollars, a year earlier to 4.28 billion U.S. dollars profit. The first quarter of this year group loss 7.81 billion U.S. dollars.
The second quarter, AIG Credit default swaps in the loss reached 5.57 billion U.S. dollars; general insurance business income fell 54 percent to 1.39 billion U.S. dollars, from life insurance and retirement services operating income fell 10 percent to 2.6 billion U.S. dollars; In addition, the provision of personal housing mortgage loans consumer finance business in a loss of 22 million U.S. dollars.
AIG CEO Robert »Weierlunsi Montand said that the Group's management will be the end of September announced a plan to help the group through difficult times and re-raise corporate value.
As AIG in the crisis in the loan-to-severe attack on former CEO Martin »Sullivan in June this year, be removed from office, the former Citibank executive Weierlunsi Montand successor to the post. (-)
财报显示, AIG second quarter net loss of 5.36 billion U.S. dollars, a year earlier to 4.28 billion U.S. dollars profit. The first quarter of this year group loss 7.81 billion U.S. dollars.
The second quarter, AIG Credit default swaps in the loss reached 5.57 billion U.S. dollars; general insurance business income fell 54 percent to 1.39 billion U.S. dollars, from life insurance and retirement services operating income fell 10 percent to 2.6 billion U.S. dollars; In addition, the provision of personal housing mortgage loans consumer finance business in a loss of 22 million U.S. dollars.
AIG CEO Robert »Weierlunsi Montand said that the Group's management will be the end of September announced a plan to help the group through difficult times and re-raise corporate value.
As AIG in the crisis in the loan-to-severe attack on former CEO Martin »Sullivan in June this year, be removed from office, the former Citibank executive Weierlunsi Montand successor to the post. (-)
Wall Street stocks closed with the soaring oil prices fall
Oil prices fell, the dollar was rising, and other factors, Wall Street Friday the three major market indexes have gained more than 2 percentage points. The Dow rose 302.89 points to 11734.32 points, or 2.65 percent for the Standard & Poor's 500 index rose 30.25 points to 1296.32 points, or 2.39 percent, the Nasdaq composite index rose 58.37 points to 2414.10 points, or 2.48 percent. The Dow yesterday because of the financial sector reported bad news and the loss of major financial institutions earnings data loss caused panic all Taicuo and nearly fell 225 points. Today, the Dow morning also by Fannie second quarter net loss of 2.3 billion U.S. dollars under the influence of earnings data was substantially decreased.
Throughout the week, the Dow rose 408.00 points, or 3.60 percent for the Standard & Poor's 500 index rose 36.01 points, or 2.86 percent, the Nasdaq composite index rose 103.14 points, or 4.46 percent.
Bond prices fell, 10-year Treasury yields from 3.93 percent yesterday to 3.94 percent. The New York Mercantile Exchange crude oil futures prices dropped 4.82 U.S. dollars a barrel to close at 115.20 U.S. dollars.
The company, Fannie Mae fell 90 cents to 9.05 U.S. dollars, or nine percent. McDonald's rose 3.81 to 65.67 U.S. dollars, or 6.2 percent, the day trading hit a record high 66.24 U.S. dollars. American Airlines UAL rose 1.52 U.S. dollars to close at 11.13 U.S. dollars, or 16 percent. Wei Sheer 5000 Dow Jones index closed up 308.92 points at 13197.13 points, or 2.40 percent, lower than the same period last year 14641.03 points.
Other foreign market trading, the Nikkei Index was up 0.33 percent; British FTSE 100 index was up 0.21 percent, Germany's DAX index rose 0.28 percent, France's CAC-40 index rose 0.77 percent.
Throughout the week, the Dow rose 408.00 points, or 3.60 percent for the Standard & Poor's 500 index rose 36.01 points, or 2.86 percent, the Nasdaq composite index rose 103.14 points, or 4.46 percent.
Bond prices fell, 10-year Treasury yields from 3.93 percent yesterday to 3.94 percent. The New York Mercantile Exchange crude oil futures prices dropped 4.82 U.S. dollars a barrel to close at 115.20 U.S. dollars.
The company, Fannie Mae fell 90 cents to 9.05 U.S. dollars, or nine percent. McDonald's rose 3.81 to 65.67 U.S. dollars, or 6.2 percent, the day trading hit a record high 66.24 U.S. dollars. American Airlines UAL rose 1.52 U.S. dollars to close at 11.13 U.S. dollars, or 16 percent. Wei Sheer 5000 Dow Jones index closed up 308.92 points at 13197.13 points, or 2.40 percent, lower than the same period last year 14641.03 points.
Other foreign market trading, the Nikkei Index was up 0.33 percent; British FTSE 100 index was up 0.21 percent, Germany's DAX index rose 0.28 percent, France's CAC-40 index rose 0.77 percent.
A sharp drop in stock prices low valuation stocks hit by an "overweight tide"
Recently the Hong Kong stock market volatile, the majority of the shares of listed companies has greatly decreased. However, with the recent disclosure of interim results of intensive, some companies Chibengongsi shares by major shareholders of the phenomenon continued to increase. At the same time, some large organizations have accelerated the pace of overweight.
Analysts said the decline in stock prices due to have returned to more reasonable valuations, coupled with interim results revealed that sales fell, and so the release of negative factors, stock holdings at this time is a good opportunity.
Major shareholders holdings become common practice
Hong Kong Stock Exchange data showed that only one day last Friday, HKEx submitted to repurchase shares of listed companies, including Bank of East Asia, New World Department Store, and other companies, the number of repurchase, the amount of all the recent new record high.
HKEx data show that the Bank of East Asia (00023. HK) Chairman and Chief Executive Officer DAVID LI recently spent 3.24 million Hong Kong dollar, the average price per share to 32.44 Hong Kong dollar holdings 10 million shares of the Company, its shareholding from 2.53% Increased to 2.54 percent.
DAVID LI in the performance after the company announced Bannian Bao made the decision, the company announced the interim report showed that half year net profit of 894 million Hong Kong dollar, a sharp decline in the same period last year, 52.4 percent; operating income of 3.816 billion Hong Kong dollar total, down 14.8 %.
Tai Fook Securities research report said the Bank of East Asia in 2008 Shijing Shuai has fallen to 1.6 times that of the control valuation of the calendar year it is very attractive, long-term investors enter the market is a good time. The report said the Bank of East Asia, the new target price of 41.70 Hong Kong dollar, equivalent to two times the Shijing Shuai, the mainland business and diversified service fee revenue base is still the Group advantage.
Sun Hung Kai Properties (00016. HK) last week issued a notice, said the company major shareholders Guoshi family through family holdings 11 million shares of the Trust Fund, the Hong Kong dollar 110.091 average price per share, for 12.11 million Hong Kong dollar funding.
Major shareholders of the company stock holdings also include: to Jin Lee Group (00304. HK) Chairman Cham-a-week notice last week said it would holdings of 154 million shares, or an average price of 3.893 Hong Kong dollar, from 34.91 percent shareholding To 35%; sun Chairman Yang Zhenxin enterprises (Yang Chiu) overweight million shares in 1600, the average price per share of 3.6 Hong Kong dollar, the shareholding from 50.8 percent to 52.31 percent.
It is worth noting that real estate companies large holdings of shares common shareholders, in addition to the above Sun Hung Kai Properties, a show of Health, all the property, letters and home buyers have also recently announced that the major shareholder of the company shares will be overweight.
Agencies Buganjimo
In fact, apart from major shareholders by Chibengongsi stock, recently, some well-known institutional investors also have stock holdings, in addition to the earlier reports of an investment company Danyang Zhao five Wumart commercial holdings, including the Kai Leiji , GIA, Commonwealth Bank of Australia.
HKEx data show that the investment fund Carlyle CAGP LP recently said it will step overweight special international 487.3 million, or an average price of 2.696 Hong Kong dollar, the shareholding increased to 9.31 percent from 9.53 percent; Government of Singapore Investment Corporation (GIC) overweight, 31.2 million shares of Shanghai Petrochemical, Hong Kong dollar 2.495 average price per share, shareholding increased to 5.99 percent from 6.01 percent; asset management companies Lazard Asset Management head of the international holdings 5153.4 million shares, the average price per share 2.357 Hong Kong dollar, the shareholding increased to 4.48 percent from 5.18 percent.
In addition, the Commonwealth Bank of Australia (Commonwealth Bank of Australia) holdings in China's telecommunications services on the basis of 700 million shares, holdings China Resources Enterprise (00291. HK) 132 million, or an average price of 20.309 Hong Kong dollar, from holding 9.95% to 10.01%.
Analysts said the decline in stock prices due to have returned to more reasonable valuations, coupled with interim results revealed that sales fell, and so the release of negative factors, stock holdings at this time is a good opportunity.
Major shareholders holdings become common practice
Hong Kong Stock Exchange data showed that only one day last Friday, HKEx submitted to repurchase shares of listed companies, including Bank of East Asia, New World Department Store, and other companies, the number of repurchase, the amount of all the recent new record high.
HKEx data show that the Bank of East Asia (00023. HK) Chairman and Chief Executive Officer DAVID LI recently spent 3.24 million Hong Kong dollar, the average price per share to 32.44 Hong Kong dollar holdings 10 million shares of the Company, its shareholding from 2.53% Increased to 2.54 percent.
DAVID LI in the performance after the company announced Bannian Bao made the decision, the company announced the interim report showed that half year net profit of 894 million Hong Kong dollar, a sharp decline in the same period last year, 52.4 percent; operating income of 3.816 billion Hong Kong dollar total, down 14.8 %.
Tai Fook Securities research report said the Bank of East Asia in 2008 Shijing Shuai has fallen to 1.6 times that of the control valuation of the calendar year it is very attractive, long-term investors enter the market is a good time. The report said the Bank of East Asia, the new target price of 41.70 Hong Kong dollar, equivalent to two times the Shijing Shuai, the mainland business and diversified service fee revenue base is still the Group advantage.
Sun Hung Kai Properties (00016. HK) last week issued a notice, said the company major shareholders Guoshi family through family holdings 11 million shares of the Trust Fund, the Hong Kong dollar 110.091 average price per share, for 12.11 million Hong Kong dollar funding.
Major shareholders of the company stock holdings also include: to Jin Lee Group (00304. HK) Chairman Cham-a-week notice last week said it would holdings of 154 million shares, or an average price of 3.893 Hong Kong dollar, from 34.91 percent shareholding To 35%; sun Chairman Yang Zhenxin enterprises (Yang Chiu) overweight million shares in 1600, the average price per share of 3.6 Hong Kong dollar, the shareholding from 50.8 percent to 52.31 percent.
It is worth noting that real estate companies large holdings of shares common shareholders, in addition to the above Sun Hung Kai Properties, a show of Health, all the property, letters and home buyers have also recently announced that the major shareholder of the company shares will be overweight.
Agencies Buganjimo
In fact, apart from major shareholders by Chibengongsi stock, recently, some well-known institutional investors also have stock holdings, in addition to the earlier reports of an investment company Danyang Zhao five Wumart commercial holdings, including the Kai Leiji , GIA, Commonwealth Bank of Australia.
HKEx data show that the investment fund Carlyle CAGP LP recently said it will step overweight special international 487.3 million, or an average price of 2.696 Hong Kong dollar, the shareholding increased to 9.31 percent from 9.53 percent; Government of Singapore Investment Corporation (GIC) overweight, 31.2 million shares of Shanghai Petrochemical, Hong Kong dollar 2.495 average price per share, shareholding increased to 5.99 percent from 6.01 percent; asset management companies Lazard Asset Management head of the international holdings 5153.4 million shares, the average price per share 2.357 Hong Kong dollar, the shareholding increased to 4.48 percent from 5.18 percent.
In addition, the Commonwealth Bank of Australia (Commonwealth Bank of Australia) holdings in China's telecommunications services on the basis of 700 million shares, holdings China Resources Enterprise (00291. HK) 132 million, or an average price of 20.309 Hong Kong dollar, from holding 9.95% to 10.01%.
N. Olympic Games after the mainland's economic JPMorgan H shares mad by the city to escape fear
2.95 billion Hong Kong dollar
JP Morgan Chase on July 29 in the reduction of the 10-unit, a total cash of about 2.95 billion Hong Kong dollar, in recent years for the rare large-scale reduction of action.
According to the information the Hong Kong Stock Exchange, JP Morgan Chase (JPMorgan Chase) 7massive reduction in funding for many stocks, generating nearly 30 billion Hong Kong dollars. Funding has always been in favor of JP Morgan Chase shares the day volume reduction of 10 H shares of move, the market speculation and accidents, more than singing in the Olympic Games after the economy, the bank actually on the market the next few months pessimistic about the prospects . The Hong Kong stock market on the Olympic concept stocks continued weakness also shows that the market economy after N. Olympics.
JP Morgan Chase fear the city to escape
Perhaps smell is a potential crisis, JP Morgan Chase this action very strongly underweight. Information, JP Morgan Chase on July 29 more than the reduction of the shares in the capital, including Datang Power Generation, in the Sea Cargo, China Property Insurance, Yanzhou, Conch Cement, China Communications Construction, China Shenhua, China Ocean, F Real estate and Anshan Iron and Steel Company shares. According to agency statistics, the total cash the same day Morgan Chase about 2.95 billion Hong Kong dollar, in recent years for the rare large-scale reduction of action.
More than 10 per H-shares are not blue chips, the industry leader, but it is also sought after popular popular H-shares. In addition, 10 shares in the eight are listed in two places at the same time shares, which are shares of Anshan Iron and Steel Company, Datang Power Generation, in the Sea Cargo, Yanzhou, China Shenhua, Conch Cement and China Ocean. July 29, in addition to shares of Anshan Iron and Steel Company and Conch Cement stocks AH hung upside down, the other six A-share stocks are more H-share premium, AH against the shares ranged from 1.31 to 2.35. Analysts pointed out that since the two listed stocks to mutual influence, perhaps the A-share market is the pessimistic atmosphere of the JP Morgan H shares corresponding to a cautious mood.
The reduction in the crazy, JP Morgan Chase's report is optimistic about the economy after the Olympics. JP Morgan Chase that the Olympic Games to China the third quarter, a very small impact on economic growth, and the Olympics after China's economic slowdown is unlikely.
JP Morgan Chase reported that China is ready to host the Olympic Games and the large number of sports facilities, road construction and other industries will benefit directly, the Olympic Games will enhance the image of China and Beijing, to attract more investment. From the past Olympic host country's experience, greater economies of scale and relatively fast economic growth of the Olympic Games host country susceptible to the impact of the Olympic Games, the Olympics will be held on China's economic impact than some people expected.
Fu Lin, general manager of the Hong Kong Securities Chang Nien told a weekly financial news, although the market is not completely pessimistic about the economy after the Olympics, but N. investors a few investors. As China's economy by the export support, from July onwards, to crack down on Chinese exports, the PRD related businesses have closed down. The recent decline in resources stocks heavy, reflecting reduced export orders, reduced demand for raw materials. The recent market is more pessimistic about the performance of the mainstream point of view. He personally believes that the recent pullback in the international oil prices, the global economy in trouble. Hong Kong stocks throughout August will be a short city, but may rebound in September.
Olympic shares continued to weaken
2008 Beijing Olympics opening day, the stock market became the focus of attention on the Olympic concept stocks failed to decline, and thoroughly smash the previous investors in the "Olympic Quotes" vision.
From the disk, with the concept of the Olympic Sports Unit Anta Sports (2020. HK), shipping stocks Capital Airport (0694. HK), China International Aviation (0753. HK) and property stocks SOHO China (0410. HK), Mr Michael Tien Industrial (0588. HK), and so different from the stock yesterday showed the rate of decline. Among them, Mr Michael Tien, the largest decrease, down 6.699 percent, to 1.95 Hong Kong dollar, followed by Air China, fell 4.282 percent to close at 3.8 Hong Kong dollar; Anta or 2.044 percent, to 5.75 Hong Kong dollar; Capital Airport or 2.764 percent, Hong Kong dollar at 5.98; SOHO China or 3.382 percent, to 4.0 Hong Kong dollar.
Oriental Morning Post, a weekly financial news / Kim Beilei
JP Morgan Chase on July 29 in the reduction of the 10-unit, a total cash of about 2.95 billion Hong Kong dollar, in recent years for the rare large-scale reduction of action.
According to the information the Hong Kong Stock Exchange, JP Morgan Chase (JPMorgan Chase) 7massive reduction in funding for many stocks, generating nearly 30 billion Hong Kong dollars. Funding has always been in favor of JP Morgan Chase shares the day volume reduction of 10 H shares of move, the market speculation and accidents, more than singing in the Olympic Games after the economy, the bank actually on the market the next few months pessimistic about the prospects . The Hong Kong stock market on the Olympic concept stocks continued weakness also shows that the market economy after N. Olympics.
JP Morgan Chase fear the city to escape
Perhaps smell is a potential crisis, JP Morgan Chase this action very strongly underweight. Information, JP Morgan Chase on July 29 more than the reduction of the shares in the capital, including Datang Power Generation, in the Sea Cargo, China Property Insurance, Yanzhou, Conch Cement, China Communications Construction, China Shenhua, China Ocean, F Real estate and Anshan Iron and Steel Company shares. According to agency statistics, the total cash the same day Morgan Chase about 2.95 billion Hong Kong dollar, in recent years for the rare large-scale reduction of action.
More than 10 per H-shares are not blue chips, the industry leader, but it is also sought after popular popular H-shares. In addition, 10 shares in the eight are listed in two places at the same time shares, which are shares of Anshan Iron and Steel Company, Datang Power Generation, in the Sea Cargo, Yanzhou, China Shenhua, Conch Cement and China Ocean. July 29, in addition to shares of Anshan Iron and Steel Company and Conch Cement stocks AH hung upside down, the other six A-share stocks are more H-share premium, AH against the shares ranged from 1.31 to 2.35. Analysts pointed out that since the two listed stocks to mutual influence, perhaps the A-share market is the pessimistic atmosphere of the JP Morgan H shares corresponding to a cautious mood.
The reduction in the crazy, JP Morgan Chase's report is optimistic about the economy after the Olympics. JP Morgan Chase that the Olympic Games to China the third quarter, a very small impact on economic growth, and the Olympics after China's economic slowdown is unlikely.
JP Morgan Chase reported that China is ready to host the Olympic Games and the large number of sports facilities, road construction and other industries will benefit directly, the Olympic Games will enhance the image of China and Beijing, to attract more investment. From the past Olympic host country's experience, greater economies of scale and relatively fast economic growth of the Olympic Games host country susceptible to the impact of the Olympic Games, the Olympics will be held on China's economic impact than some people expected.
Fu Lin, general manager of the Hong Kong Securities Chang Nien told a weekly financial news, although the market is not completely pessimistic about the economy after the Olympics, but N. investors a few investors. As China's economy by the export support, from July onwards, to crack down on Chinese exports, the PRD related businesses have closed down. The recent decline in resources stocks heavy, reflecting reduced export orders, reduced demand for raw materials. The recent market is more pessimistic about the performance of the mainstream point of view. He personally believes that the recent pullback in the international oil prices, the global economy in trouble. Hong Kong stocks throughout August will be a short city, but may rebound in September.
Olympic shares continued to weaken
2008 Beijing Olympics opening day, the stock market became the focus of attention on the Olympic concept stocks failed to decline, and thoroughly smash the previous investors in the "Olympic Quotes" vision.
From the disk, with the concept of the Olympic Sports Unit Anta Sports (2020. HK), shipping stocks Capital Airport (0694. HK), China International Aviation (0753. HK) and property stocks SOHO China (0410. HK), Mr Michael Tien Industrial (0588. HK), and so different from the stock yesterday showed the rate of decline. Among them, Mr Michael Tien, the largest decrease, down 6.699 percent, to 1.95 Hong Kong dollar, followed by Air China, fell 4.282 percent to close at 3.8 Hong Kong dollar; Anta or 2.044 percent, to 5.75 Hong Kong dollar; Capital Airport or 2.764 percent, Hong Kong dollar at 5.98; SOHO China or 3.382 percent, to 4.0 Hong Kong dollar.
Oriental Morning Post, a weekly financial news / Kim Beilei
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