China takes stock of Asia for 5th day (Reuters)

HONG KONG (Reuters) - Asian equities Gravis a fifth consecutive session Monday, led by stocks of Chinese, even if the euro turned weaker after the S & P rating agency has warned that any overthrow of the Greek debt would be a default value.

After two weeks of gains, shares were a sound basis as fears eased on a sudden slowdown of new giants of the market such as China and a drop in prices of raw materials as oil has stimulated the demand for assets at risk after a rocky first half.

A merchant broker based in Hong Kong said long-only buyers were stepping back on the market, signaling a shift from the previous quarter where the institutions have been in large part on the key and trading volumes on exchanges major remains anemic.

The Shanghai composite index, which is still down at beginning of the year, rose 1.6% Monday (.)(Growth of the production of the SSEC) after data last week showed China moderated in June, raising expectations that the economy cannot go into a sudden slowdown due to the excessive tight monetary policy.

A macro of the United States-based fund was also spotted buying in Chinese banks - a sector often regarded as a proxy for the economy and has a relatively large weight to lift the broader market.

China Enterprises index (.)(Ft) of the continent top companies listed in Hong Kong, the most common way for investors to invest in China, have increased by 2.2 per cent.

"There is a significant multiple contraction in terms of PE (price-earnings), which means that the market (China) is emblematic of the overall market in the region well," said Jonathan Garner, head of the global strategy of Morgan Stanley emerging markets.

"If we expect China better both in terms absolute and relative in the second half," he said, adding that the Bank is overweight on materials, energy and financial sectors.

Although global PMIs tempered, the underlying trends of investment remain strong and inflation is set to ease in the second half, following a moderation of economic activity, said Merrill Lynch strategists.

They hope that China the economy to grow by more than 9% in 2011 - much higher growth scenario of so-called "landing" of about 7%.

Offers yet another ray of prudent optimism of spirit investors a lot of U.S. data offers the most large economy in the world may strongly recover a recent period of weakness in the manufacturing.

The Japan Nikkei (.)(N225) ends one percent, briefly rising above the level of 10,000 points for the first time in two months, while as Australian stocks (.)(AXJO) gained 0.4%.

The MSCI index of the actions of the Asia-Pacific out of Japan (.)(MIAPJ0000PUS) has increased by 1.2%, reaching its highest level since early June, addition of two consecutive weeks of gains.

Thailand, the stronger baht and local actions (.)(SETI) has acquired more than 4 per cent after the clear majority obtained by the Puea Thai Party suggests that the possibility of post-election instability seemed less likely in the short term.

Data flow has painted a cheerful picture. Global followed EPFR emerging capital markets snap an outgoing head of her streak three weeks in July with the Zentaris Asia and diversified fund global emerging markets (GEM) both taking in more than a billion dollars then that outputs high-yield bond funds slow down.

U.S. markets are closed Monday for a holiday.

EURO WEAKENS

The euro erased gains at the beginning and held near lows of the day after the rating agency S & P said that a debt rollover plan could put the Greece in selective default. The single currency reached a maximum of one month of $1.4580 earlier in the day.

In addition, although the last disbursement of emergency calm investors nervous at the moment, Greece faces a daunting task to try to implement reforms demanded by the international donors which means the path of the euro is going to be rocky.

In General, it is remained hemmed in a broad range since early May.

Saturday euro-zone Finance Ministers approved a payment of the Greece rescue EUR 12 billion and said details of a second package help for Athens would be finalized mid-September.

For now, markets will focus on European Central Bank policy rate decision Thursday where he is supposed to largely its interest rates, even if the players will be more interested in whether the tendency of the rate increases, especially in the context of weak data from the Germany.

Improved appetite for risk and the end of the policy of quantitative easing of the Federal Reserve has reduced demand for US Treasury bonds, yields on 10-year notes moved to 3.18%, near its top for almost two months and adding a weekly increase of more than 30 basis points.

Future gross U.S. traded above the $95 per barrel mark, maintaining the gains of last week, despite a surprise reserves of displacement by the 28-nation International Energy Agency to release 60 million barrels of oil.

Moreover, precious metals like gold and silver won the meagre gains in thin trading.

China takes stock of Asia for 5th day

A man looks at a table electronic display different indices of market everywhere in the world outside a brokerage in Tokyo on May 16, 2011.

Credit: Reuters/Toru HanaiBy Saikat Chatterjee

HONG KONG. Monday, July 4, 2011 2: 00 pm EDT

HONG KONG (Reuters) - Asian equities Gravis a fifth consecutive session Monday, led by stocks of Chinese, even if the euro turned weaker after the S & P rating agency has warned that any overthrow of the Greek debt would be a default value.

After two weeks of gains, shares were a sound basis as fears eased on a sudden slowdown of new giants of the market such as China and a drop in prices of raw materials as oil has stimulated the demand for assets at risk after a rocky first half.

A merchant broker based in Hong Kong said long-only buyers were stepping back on the market, signaling a shift from the previous quarter where the institutions have been in large part on the key and trading volumes on exchanges major remains anemic.

The Shanghai composite index, which is still to this day, rose 1.6% Monday.SSEC after that data last week showed growth of China manufacturing moderated in June, raising expectations that the economy cannot go into a sudden slowdown due to the excessive tight monetary policy.

A macro of the United States-based fund was also spotted buying in Chinese banks - a sector often regarded as a proxy for the economy and has a relatively large weight to lift the broader market.

The index of Chinese companies.FT high mainland enterprises listed in Hong Kong, the most common way for investors to invest in China, rose 2.2 percent.

"There is a significant multiple contraction in terms of PE (price-earnings), which means that the market (China) is emblematic of the overall market in the region well," said Jonathan Garner, head of the global strategy of Morgan Stanley emerging markets.

"If we expect China better both in terms absolute and relative in the second half," he said, adding that the Bank is overweight on materials, energy and financial sectors.

Although global PMIs tempered, the underlying trends of investment remain strong and inflation is set to ease in the second half, following a moderation of economic activity, said Merrill Lynch strategists.

They hope that China the economy to grow by more than 9% in 2011 - much higher growth scenario of so-called "landing" of about 7%.

Offers yet another ray of prudent optimism of spirit investors a lot of U.S. data offers the most large economy in the world may strongly recover a recent period of weakness in the manufacturing.

The Japon.N225 Nikkei ended one percent, briefly rising above the level of 10,000 points for the first time in two months, while as Australian stocks.AXJO gained 0.4%.

The MSCI index of the actions of the Asia-Pacific outside the Japon.MIAPJ0000PUS increased by 1.2%, reaching its highest level since early June, addition of two consecutive weeks of gains.

Thailand, the stronger baht and local actions.SETI has acquired more than 4 per cent after the clear majority obtained by the Puea Thai Party suggests that the possibility of post-election instability seemed less likely in the short term.

Data flow has painted a cheerful picture. Global followed EPFR emerging capital markets snap an outgoing head of her streak three weeks in July with the Zentaris Asia and diversified fund global emerging markets (GEM) both taking in more than a billion dollars then that outputs high-yield bond funds slow down.

U.S. markets are closed Monday for a holiday.

EURO WEAKENS

The euro erased gains at the beginning and held near lows of the day after the rating agency S & P said that a debt rollover plan could put the Greece in selective default. The single currency reached a maximum of one month of $1.4580 earlier in the day.

In addition, although the last disbursement of emergency calm investors nervous at the moment, Greece faces a daunting task to try to implement reforms demanded by the international donors which means the path of the euro is going to be rocky.

In General, it is remained hemmed in a broad range since early May.

Saturday euro-zone Finance Ministers approved a payment of the Greece rescue EUR 12 billion and said details of a second package help for Athens would be finalized mid-September.

For now, markets will focus on European Central Bank policy rate decision Thursday where he is supposed to largely its interest rates, even if the players will be more interested in whether the tendency of the rate increases, especially in the context of weak data from the Germany.

Improved appetite for risk and the end of the policy of quantitative easing of the Federal Reserve has reduced demand for US Treasury bonds, yields on 10-year notes moved to 3.18%, near its top for almost two months and adding a weekly increase of more than 30 basis points.

Future gross U.S. traded above the $95 per barrel mark, maintaining the gains of last week, despite a surprise reserves of displacement by the 28-nation International Energy Agency to release 60 million barrels of oil.

Moreover, precious metals like gold and silver won the meagre gains in thin trading.

Stock index future dip; Intel earns eyed (Reuters)

NEW YORK (Reuters) - U.S. stock index future pointed out an open slightly lower on Wall Street Thursday, with futures for the S & P 500 down 0.15%, Dow Jones future fell by 0.02% and Nasdaq 100 future down 0.03% at 1: 46 pm EST.

* Intel Corp (INTC.)(O) is to report quarterly results Thursday then that economic data include weekly claims without a job, the number of international trade in November and December producer prices.

* Global shipments of personal computers slipped only slightly in the fourth quarter, a pair of trackers in the industry, said Wednesday, injured by demand for holidays low consumption and competition from Apple (AAPL).(O) Tablet iPad.

* U.S. focus on Interior funds found share repurchases of 4.229 billion the week that ended January 5, net flow liked money in three months, the investment company Institute data showed on Wednesday.

* Extended oil gains Thursday to hold less $92 a barrel, application supported by signs more after U.S. crude oil inventories fell more than expected and a cold wave swept across northeast of the United States, the largest in the area of heating oil market.

* Soft products were also in the spotlight, bought Chicago corn up to 1% while soy gains extended, with both markets climbing at their most high in almost 2-1/2 years, propelled by a reduction in the global supply of grains and oilseeds forecasts by the surprisingly steep Bush.

* European stocks decreased by 0.4% in trade from morning following a two-day gathering brisk, as investors await auction of the Spain key binding and Italy, as well as the decisions of interest rates and of feedback from the Bank of England and European Central Bank.

* U.S. stocks ended solidly more Wednesday after that European debt concerns eased and has attracted a large advance, led by banks and commodity-related actions.

* The Dow Jones industrial average (.)(DJI) has been 83.48 points, or 0.72 percent, to 11,755.36. The Standard & Poor 500 Index (.)(SPX) was 11.47 points or 0.90% to 1,285.95. Nasdaq Composite Index (.)(IXIC) was SF points, or 0.75%, to 2,737.33.

(Reporting by Blaise Robinson.) (Editing by Mike Nesbit)

Panel: Sale of GM stock can trim recovery of the taxpayer (AP)

WASHINGTON - in selling a block its shares of General Motors Co. for $33 - a price well below "cost-effectiveness" - the Government reduces chances of taxpayers fully recover their investment of $ 50 billion in giant of the automobile, a new report by watchdog said Congress.

The Department of the Treasury earned a "major recovery" assistance from the taxpayer, $ 13.5 billion, by selling a piece of its stock of GM in November, Congressional Oversight Panel said in a report released Thursday. And the rescue plan of 85 billion in GM, Chrysler and auto lender GMAC - now known as financial ally - seems to be wearing their "on the road to financial stability," said the report.

But the companies still face uncertain future taxpayers remains at risk and there are concerns about the opening of the Government in the unprecedented rescue package said the report.

Without the rescue of Bush and Obama administrations from December 2008, GM, Chrysler and GMAC reportedly the financial abyss, says the report. Their failure would be crushing blow to the economy.

The administration of the Obama said that the rescue was necessary to prevent the loss of at least one million jobs and economic devastation in the industrial Midwest. Administration officials said that they should never recoup the full investment.

An earlier estimate by the Congressional Budget Office that taxpayers would lose $ 40 billion on the rescue of the automotive industry has been reduced to $ 19 billion, the Oversight Committee noted.

GM was pushed into bankruptcy protection by the administration of the Obama. It appeared in 2009 with cleaned of its staggering debt balance. The company made a shift in impressive losing billions before its restructuring to display profits $ 4.2 billion in the first nine months of last year.

Still, report says, through the sale of 45 per cent of its shares of GM for $33 each in 15.8 billion initial public offering the automaker in November, treasure "locked" loss of billions of dollars and reduced likelihood of full refund for taxpayers. "Viability threshold" price necessary to is from $44.59 per share, according to the report.

Officials say that stock GM averaged 3% just over $ 33 in the months following the introduction in stock, confirming that it was fairly priced.

"It is always tough decisions", Senator Ted Kaufman, D-., Chairman of the Committee, said in a conference call with reporters Wednesday. The Treasury Board "may have been reasonable" decisions but the objectives of the rescue package should have been more clearly defined, he said.

GM share price has increased as the company received better than many expected. It closed Wednesday at $38.62. If the trend continues, it is possible that taxpayers could do together.

The new report:

_said that the prospects for recovery of the taxpayer to Chrysler are reduced because the Government has only 10% of the shares of the company and therefore has limited influence on the time of the initial public offering.

_criticized what he called "hands off" approach to the Treasury Board financial Ally, not always assert its influence when facing an eventual IPO. The Department also refused to block GM of AmeriCredit, purchase even if this finance company may end up competition against Ally financial, he said.

_said Government help to prevent the GM and Chrysler to not "developed more competently managed car companies at a disadvantage," referring to Ford Motor Co.

How the major stock indexes fared Thursday (AP)

Stocks end mostly lower Thursday, after the Government reported an increase in applications for unemployment benefits last week. Retailers falls after weak December their turnover.

The Dow Jones industrial average falls 25.58 points, or 0.2 percent, close to the 11,697.31.

Standard & poor 500 index fell 2.71 or 0.2%, to 1,273.85.

The Nasdaq composite index rose vast, or 0.3%, to 2,709.89.

For the week and year to date:

The Dow Jones index is 119.80, or 1 per cent.

S & P is 16,21, or 1.3%.

The Nasdaq is 57.02 or 2.1%.

Stock index future little changed (Reuters) (Yahoo!)

PARIS (Reuters) - stock index term indicated mixed open on Wall Street Monday, with the S & P 500 0.05% decrease in term term up to 0.03% Dow Jones and Nasdaq 100 Futures down 0.06% 0853 GMT.

The dollar edged, supported by the Treasury yields higher after improving the United States data last week.

US Treasury bonds has fallen in Asia, yields 10 years hit a maximum of six months as dumping of Treasury obligations retained investors behind growth and higher than the United States deficits.

European shares expanded their two-week rally Monday, reaching a maximum of 26 months, in the wake of data United States and optimistic Chinese.

Data published over the weekend showed China's industrial production in November beat expectations with a slight acceleration in 13.3% on the year growth of 13.1% in October, sending of copper at a record level.

The data also show the overall inflation in Chinese climbing to a maximum of 28 months of 5.1 per cent in November, year of 4.4% in October.

Concerns that China would raise interest in the weekend due to rising inflation rates themselves are not made. Instead, the sources told Reuters Monday a selective increase in minimum reserves for Chinese banks to expire this week will be extended for three months.

Oil prices were higher Monday after the Organization of petroleum exporting countries was agreed at the end of week to maintain flat crude oil production levels.

The Financial Times said on Monday that European officials are considering plans to overhaul 440 billion euros and the use of the euro area relief funds to purchase bonds for grieving

Governments, making it easier helping countries submerged debt without full bail.

President Barack Obama tax deal with Republicans winning likely reluctant passage in Congress United States, supporters and opponents agreed Sunday after Obama clashed with the Liberals in his own party that it marks a collective for the rich.

Genzyme (GENZ.O) will be discussed after that Sanofi-aventis (SASY.PA) has extended its offer $ 18.5 billion in cash for the firm of biotechnology on January 21 and left the door open the possibility to extend the most, a sign of French drugmaker prepares for a long battle.

Wal-Mart Stores Inc.. (WMT.N) is advanced with the trade unions for the construction of New York talks to obtain their support for its entry in the New York City retail market, The Wall Street Journal reported on Sunday.

Capital commercial centres (CSCG.L) has slammed as "unable to implement and completely unworkable" alternative financing offers its shareholders and aspiring bidder Simon Property Group Inc. (SPG.N), which quickly responded, calling the SCC to postpone a vote on its proposed acquisition of Trafford Centre Centre commercial.

Grocery chain great Atlantic & Pacific Tea co. (GAP.N) filed for bankruptcy Sunday, drained silver difficult competition and a sluggish economic recovery.

Carlyle Group (CYL.UL) Chief Financial Officer Peter Nachtwey has resigned and the move could delay provided public savings capital American Society of private investment, the Financial Times said, citing people familiar with the matter.

General Electric Co. (GE.N) said Monday, buy company oilfield British Wellstream Holdings Plc (WSML.L) services to approximately 800 million pounds ($1.3 billion), an agreement that would expand the U.S. conglomerate submarine equipment and services portfolio.

U.s. stocks pink Friday, with the S and P 500 at its highest level since the week Lehman Brothers has collapsed in 2008 and violate the technical levels suggest the year-end rally will persist.

The industrial average, Dow Jones (.DJI) added 40.26 points, or 0.35% to 11,410.32. The standard & Poor of 500 (.SPX) acquired 7.40 points or 1,240.40 0.60%. Nasdaq Composite (.IXIC) increased 20.87 points either 0.80%, 2,637.54.

(Reported by Blaise Robinson.) (Editing by Louise heaven)

US sells its stock of Citigroup for profit (voice of America)

VOA News 07 December 2010 Citigroup corporate logo is displayed in New York
The u.s. Government has sold its remaining shares in Bank of third largest in the country and made profits on the market.
The Government has delivered Citigroup bailout $ 45 billion in 2008 to keep to the worst part of the global recession. Government once belonging to 27 percent of the Bank, but late Monday sold the last 2.4 billion share it held $ 10.5 billion.
Throughout, including the previous sales of stock of Citigroup, the Government made a profit of 12 billion over the rescue plan. This is a result at odds with the fears of some analysts at the time of the bailout that Government could lose money by supporting Citigroup.
The Government seeks to end its participation from private to us as the nation's economy still slow improves at a slow pace. Last month, the Government sold a large part of its participation in General Motors, second largest manufacturer in the world. The Government reduced participation of GM to 33 percent, down from 61 percent.
The Government sold its stock of Citigroup to $4.35 per share, compared to $ 4.45 Monday closing price. The Government stated that it has decided to sell its shares "block substantial benefits for Canadians."
Even with the sale of shares, the Government has consistently holds the right to purchase another 465 million shares of Citigroup. The Government intends to sell these rights as well, but the value of this transaction is uncertain. In addition, the Government has yet also 3 billion in preferred shares of Citigroup.
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