Wall Street'S Ten Big News This Week: US Stocks Rose Sharply And Fell &Nbsp; Exchange Rate War Reappeared.

Beijing time October 9th, this week, the data released are mixed. US stock market There has been a sharp rise and fall, and the transaction is very busy. In Friday's deal, New York's stock market steadily rose on the 8 day, due to the poor employment situation, which increased investors' expectations for more economic stimulus policies. At the close, the Dow Jones index returned to 11000 for the first time since the beginning of May. By the end of the New York stock market, the Dow Jones Industrial Average Index of 30 industrial stocks rose 57.90 points over the previous trading day, closing at 11006.48 points, or 0.535. The standard & Poor's 500 stock index rose 7.09 points to 1165.15 points, or 0.61%. The Nasdaq composite index rose 18.24 points to 2401.91 points, or 0.77%. The following is the ten major news review of Wall Street this week:

1. Exchange rate war Central issues for IMF

The three year's autumn annual meeting of the International Monetary Fund (IMF) and the World Bank opened in Washington on the 8 th of this month. Global leaders will gather to discuss the global economic issues. In recent months, Japan has intervened in the foreign exchange market for the first time in more than 6 years. In addition, South Korea, Thailand and Singapore have also intervened in the market to curb the appreciation of the currency exchange rate. Therefore, at this meeting, the issue of exchange rate is bound to be the central topic of discussion between IMF and the world bank.

2, the Federal Reserve or the introduction of a new round of economic stimulus policies.

Because of the sharp rise in US stocks this week, industry analysts pointed out that the Federal Reserve or a new round of quantitative easing monetary policy. This week, the central bank announced that it would implement asset purchases including ETF and REIT. The Bank of England announced on Thursday that it will maintain the current 0.5% benchmark interest rate unchanged while maintaining a 200 billion pound asset acquisition scale unchanged. Since March 2009, the central bank has maintained low interest rates while maintaining 200 billion pounds of quantitative easing monetary policy unchanged.

3, September non farm employment report is lower than expected.

The employment data released by the labor department on Friday showed that the number of private sector employment increased by 64 thousand last month, lower than economists expected. In September, including government departments, the total number of layoffs was 95 thousand. For the time being, high unemployment is still a major obstacle to the recovery of the US economy. The employment report shows that the increase in private sector employment is relatively slow and can not make up for the large number of layoffs in the government sector. 15 months after the end of the recession, the US job market is still in the doldrums. The Federal Reserve is expected to introduce new measures at the beginning of November to stimulate the growth of the US economy.

4. Bank of America suspended sales in 50 states.

The Bank of America, the largest bank group, announced this week that it had suspended sales of foreclosed homes in 50 states because the company was reassessing the related foreclosures, which could be flawed. Previously, Bank of America has said it would suspend sales of foreclosed housing in 23 states that require foreclosures to be approved by the judge. The actions taken by the Bank of the United States have some reasons. There is evidence that some employees of the mortgage companies or their lawyers did not confirm the information in the documents when they signed the redemption documents.

5, gold cost week investors to target

Japan cut interest rates, the United States maintained low interest rates, global liquidity is abundant, gold, nonferrous metals and other resource products prices still need to rise. Data show that gold has broken through the new high in June 21st, the new high-frequency brush, the 17 trading day refreshed 16 times, the continuation of 5 even the positive trend of the sun, gold is still strong operation. With central banks reluctant to sell the gold price and international gold prices record high, gold shares opened up after the opening of October 8th, and the increase was 8.5%. The price of gold is only one step away from the price of $1350 an ounce this week. The trend of other commodities is still complicated. Crude oil prices closed near $83 this week. {page_ Break}

6, cloud technology service provider Equinix downgraded the stock market and plunged more than 3.

Equinix, the cloud technology service, said on Wednesday that it will reduce its third quarter and annual revenue targets. The company said that the number of customers lost in North America exceeded expectations and had to be substantially reduced in order to win long-term contracts. Affected by this news, the share price plummeted by about 32%, and the rival company's share price followed a heavy fall. Savvis Inc. (SVVS) fell 11%, and Rackspace Hosting Inc. (RAX) fell 11.7%. Akamai shares also fell 7.6%, to $44.28, Savvis plunged 11%, and Teradata fell 5.8%.

7, Alcoa announced quarterly revenue increased by 15% over the same period

Alcoa announced its third quarter earnings in 2010 after October 7th. Quarterly reports show that Alcoa's total revenue in the third quarter was $5 billion 287 million, compared with $4 billion 615 million in the same period last year, an increase of 15% over the same period last year. In the third quarter of fiscal year 2010, Alcoa made a net profit of US $61 million, earning 6 cents per share, which was US $77 million last year, at 8 cents per share. Analysts expect Alcoa's earnings per share to be 6 cents, down from 12 cents in the two quarter. The decrease in the ring ratio was mainly due to a 6% decline in the average price of aluminium during that period.

8, Ge bought us $3 billion for $3 billion.

General Electric (GE) said on Wednesday that it will buy energy infrastructure provider Dreiser (Dresser) for about $3 billion. This is the latest action taken by GE to expand its supply of products in the natural gas and oil markets. However, it is not known whether the value of the transaction and whether the purchase price includes debt obligations. The transaction is subject to regulatory approval. Barclays Capital acted as General Electric's financial adviser in this transaction.

9, Pepsi Q3 net profit growth is not as fast as revenue.

Pepsi Co announced the 8 quarter financial report for the third quarter of September 4, 2010 as of 2010. Data showed that Pepsi's net revenue in the third quarter was $15 billion 514 million, an increase of 40% over the same period last year, a net profit of $1 billion 922 million, an increase of 12% over the previous year, and a diluted earnings per share of 1.19 US dollars, up from 1.09 US dollars in the same period last year. Meanwhile, PepsiCo announced that it had built a global nutritious food group.

10. Pershing Plaza hedge fund has become the largest shareholder of J.C. Penney.

William Ackman, an active investor, held a report on the 8 day of the Pershing Square, Asset Management Co's Pan Xing square (Pershing Square). It now holds a stake in J.C. Penney 16.5%. The Pershing Plaza hedge fund said it already owns 39 million 100 thousand shares of J.C. Penney stock, including stock options, making it the largest shareholder of J.C. Penney. (Yihai)