Whew, the Dow Jones soared 118 points
Stock Report February 24th, 2010
Stocks on Wall Street’s leading managed to record gains in early trading Monday last week (1/2/2010) local time, the trigger is the approximate data on the manufacturing sector and earnings from Exxon Mobil that the company returned with the bullish sentiment, the stock movement is recorded to worst levels.
As quoted by Reuters on Tuesday (2/2/2010), Exxon shares rose 2.7 percent to as low as USD66, 18 after the largest oil companies of the United States (U.S.) reported a number of products that promote natural gas exploration in the country. S & P index rose come to three percent. Investors also affected the performance of Exxon Mobil’s report above expectations. And it boosted shares of energy sector.
A number of investors, last week has received a positive sentiment, after the government said economic growth in IV quarter of 2009 rose above the predictions of analysts, which reached 5.7 percent. The strongest sentiment earlier this week came from the statement of the Institute for Supply Management (ISM) is reported, the index of U.S. manufacturing activity grew at the strongest level since August 2004.
ISM says manufacturing index rose to 58.4 in January from 54.9 in December last year. This figure was above analysts predictions of 55.5.
“Wall Street began to recover, and investors began to believe again. You can see from some good numbers such as ISM and improved statistics,” said President Capital Financial Advisory Services Keith Springer.
Meanwhile, the Commerce Department said consumer spending levels rose 0.2 percent in December 2009. The government also said personal incomes rose above expectations in December last year. President Barack Obama to ask Congress to approve $ 3 worth of budget, 83 trillion to fight unemployment and improvement of tax revenue.
Sentiment carried the Dow Jones index rose 118.2 points or 1.2 percent to the equivalent 10,185.53. This is the biggest gain since 4 January. Meanwhile, the S & P 500 gained 15.32 points, or 1.4 per cent equivalent to 1089.19 and the Nasdaq index rose 23.85 points, or 1.1 percent to the equivalent level of 2171.2.
U.S. budget deficit worst Swelling
Economy February 12th, 2010
The White House predicts that the U.S. fiscal deficit will swell to $ 1, 6 trillion in 2010. Swelling of the deficit is the latest and greatest record since World War II happened.
Last year, the U.S. government recorded a deficit of $ 1, 4 trillion, equivalent to 9.9 percent of GDP.
President Barack Obama burden increases with the gloomy predictions. As a result, the government stressed the importance of Obama’s middle pressing expenses. He also was looking for stimulus measures to boost the current economic improvement.
According to sources on Capitol Hill, restrictions projected deficit will reach USD700 billion. 2013 financial calculations are ultimately going to crawl up to $ 1 trillion at the end of the decade.
Obama will submit a list of expenditures for financing in 2011 which will begin on October 1 until September 30, next year.
Obama tried to overcome the deficit reduction and also the number of unemployed increased by the tax credit proposal. This step is done to encourage employers to receive workers and tax breaks for middle class families.
Obama previously criticized by the Republican Party, because too much to spend. In the accountability report he said, would bring the country out of the “big financial hole.”
According to estimates from the Office of Management and Budget of the White House these holes even bigger.
Financial estimates in 2010 that ended on September 30 next, significantly higher than expected non-partisan Congressional Budget Office for USD1, 35 trillion.
Although there are differences, both predict that the deficit will still increase nearly 10 percent of gross domestic product, the amount that has not seen since World War II, when measured as a percentage of the economy.
Freezing of Three-Year Program Is Not Enough
In the budget, Obama proposed three-year freeze on domestic programs to save $ 20 billion in 2011 and USD250 billion for the next decade.
However, it is not sufficient to reduce the deficit to three percent of GDP is considered sufficient for the economists.
According to estimates, the deficit will come down after the improving economy, with a range averaged 4.5 percent of GDP for decades to come.
China, as the largest shareholder in the U.S. financial request the State Government to set Uncle Sam’s financial state.
Recession that began in December 2007, making American financial conditions torn. However, the American gradually claimed if the economy has entered a recovery phase.
Garuda working on routes JAL
Company Info February 12th, 2010
The failure of Japanese airlines, Japan Airlines (JAL), the profit for Garuda Indonesia. This state-owned airline will replace the route that will be left JAL, namely Jakarta-Tokyo pp.
“We started flying from Jakarta to Tokyo, before Garuda also
already operating a route Jakarta-Denpasar-Tokyo. Hopefully the target load factor of this new route could reach more than 80 percent, “said President Director of Garuda Emirsyah Satar in Jakarta last week.
Up to now JAL still operates Tokyo-Jakarta route. However, with bankruptcy, the airline is owned by the Japanese government will reduce the number of its fleet, including Boeing 747 aircraft that will be face out.
During this international passengers flying JAL, including for
Jakarta-Tokyo route by plane. Later, the airline will only serve domestic routes.
According to the Emir, to serve the flight route, Garuda will use Airbus 330-200 aircraft. Wide-body aircraft has a capacity of nearly 300 passengers.
In addition to these routes, this year Garuda will also fly to Europe that the plan made at the beginning of the second semester-2010.
Asia's Largest Aviation Market World
Finance February 12th, 2010
Asia-Pacific Region of North America shifts as the largest air transport market in the world with 647 million passengers during 2009.
This further reinforces that Asia as an engine of global economic growth in the future. International Air Transport Association (International Air Transport Association / IATA) said passenger numbers on flights in the Asia Pacific region continued to grow during this krisis.Hal contrast with the North American region experienced a record number of passengers only for 638 million people.
China became the country with the fastest growth in air passengers in Asia, since Japan’s defeat last decade the aviation industry leading end of 2009 China regional.Pada grow in the domestic market with a total fleet of aircraft reaching 1400 units and the number of passengers 5.7 million people per week . Meanwhile, Japan only has a fleet of 540 units and transporting 2.6 million passengers per week.
IATA Director General Giovanni Bisignani in a press conference in Singapore yesterday said, in the Asia Pacific market will continue its rapid growth. He estimates, in 2013 the number of passengers in the Yellow Continent region reached 217 million people. “While we see anything different in the dynamic and the Pacific region ini.Asia so exciting for us and more potential,” he said.
He added that there is more than a quarter of the total 2.2 billion people flew last year, or 647 million to fly to meet the Asia Pacific market. “It’s clear that defeating North America have traditionally been the market leader,” said Bisignani. Besides China, the passenger growth also occurred in the Middle East region with a 11.2 percent increase over 2009.
IATA represents 230 airlines in the world that 90 percent of its flights have berjadwal.Namun, that number does not include low-cost airline that later grew mushroomed. IATA stated previously throughout the global aviation industry in 2009 was still affected by the economic crisis so that the annual demand decreased approximately 3.5 percent to 75.6 percent load factor compared to the previous year.
Meanwhile, the European aircraft manufacturer Airbus last week announced it has raised prices for the aircraft made for the anticipated 5.8 percent increase in material prices and the weakening U.S. dollar exchange rate. This increase in price the first time since two years ago. “We’ve tried to keep prices remain under mungkin.Kenaikan best the first time since 2008 and applies to all types of aircraft began in January this year,” said Director of Operations Airbus John Leahy.
Meanwhile, the impact of financial crisis pushed the Australian airline Qantas to change the business strategy by eliminating two-thirds of the seating capacity of the other classes. This was done to boost capacity addition of 20 percent of seats in economy class, especially for long haul flights.
Australian Financial Review said, the policy change was a business strategy aimed at increasing domestic revenue after the flight post-crisis decline. The class capacity is maintained only for the route London and Los Angeles.
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Company Info February 10th, 2010
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