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BP p.l.c. Message Board

  • jnwanze jnwanze Jun 10, 2010 8:42 AM Flag

    Please No War Between British & Americans

    Bp will sort out the oil and we all can be happy. No need for war.

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    • Please stop them before it gets out of hand...... No War.

      • 2 Replies to jnwanze
      • U.S. stock market futures rose on Thursday in the wake of strong Chinese economic data as traders monitored key policy meetings from Europe and the U.K.

        Futures for the Dow Jones Industrial Average rose 64 points, or 0.7% to 9967, while those for the S&P 500 rose 10 points, or 0.9% to 1065.50. Futures for the Nasdaq 100 rose 17.25 points, or 1%, to 1799.50.

        U.S. stocks gave up gains Wednesday as Wall Street lapsed in another display of uncertainty after Federal Reserve Chairman Ben Bernanke voiced cautious optimism about the economy and the central bank's Beige Book also noted modest improvement.

        After climbing more than 100 points and clearing 10000 for the first time this week, the Dow industrials ended at 9899.25, off 40.73 points, or 0.4%. Analysts said the only major catalyst was a dip below $1.20 for the euro.

        However, investors appeared ready to buy again on Thursday.

        "Futures are currently driven higher by the fact China has confirmed a near 50% rise in exports--in other words thereby confirming that there still is a strong demand in the U.S. and in Europe (the two major markets for China)," said Christian Tegllund Blaabjerg, chief equity strategist at Saxo Bank.

        Jonathan Coughtrey, managing director for Europe and Asia at Action Economics, said markets were looking at a few positives on Thursday: encouraging data out of Japan and Australia, coupled with news of China's investment intentions in Greece and export data, along with a pension fund in China arguing that the euro can withstand the debt crisis.

        "I presume that all the above positives collectively brought some relief amid a lack of negative leads today. Also, market positioning probably played a role as the market has doubtlessly been pretty short lately, so ripe for a short squeeze," said Coughtrey, in an e-mail response.

        The euro was bouncing off that $1.20 low, up 0.4% to $1.204. Goldman Sachs Group Inc. (GS) on Thursday said it now is targeting $1.15 for the euro for the next three to 12 months, against a prior forecast of $1.35.

        Economic data on the calendar includes weekly jobless claims and the U.S. trade balance for April, both at 8:30 a.m., EDT. A Fed flow of funds report for the first quarter of 2010 will be released at 12 p.m., EDT, providing a comprehensive update on household and business balance sheets for the first quarter.

        Among stocks in focus, shares of BP PLC (BP) were up 11% in pre-open trade. The company said it knew of no reason why its shares fell 16% in New York on Wednesday.

        European stocks were generally higher, with miners gaining after China exports data. The European Central Bank and Bank of England both left key interest rates unchanged, with markets now looking to a key ECB press conference at 8:30 a.m., EDT.

        "Given continued declines in risk appetite and rising non-German government bond yields, markets will be looking to the ECB press conference for announcements that can help restore some confidence," said Christel Aranda-Hassel, an analyst in London for Credit Suisse Group (CS) in a note to investors.

        China stocks lost ground despite strong exports data, which appeared to have been factored in by investors. Stocks fell on worries that further tightening measures could emerge after property prices in 70 of China's large and medium-sized cities rose for a 12th consecutive month in May.

        New Zealand's central bank on Thursday raised its key interest rate for the first time since the global financial crisis began in 2008, citing a recovery. Australia's government reported that the nation's jobless rate fell to 5.2% in May, down from 5.4% in April.

    • I'm an American and I love the English people. It's the governments that are Evil and CORRUPT you don't get to the top of the food chain by being nice.

    • Ok....

    • theworldsnumber1pokerplayer theworldsnumber1pokerplayer Jun 10, 2010 8:43 AM Flag

      dont worry hussein obama will surrender b4 it starts

 
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