stock market outlook january 4 2012

stock market outlook january 4 2012 : The U.S. stock market on Tuesday celebrated the start of the new trading year in rally mode after a gauge of U.S. manufacturing hit a six-month high in December. The Institute for Supply Management reported its manufacturing survey rose to 53.9 last month from 52.7 in November.

The stock market rose sharply on the first day of 2012 trading as the Dow Jones Industrial Average opened 232 points higher at 12,450 – representing a 1.9% rally for the 30 Dow component stocks. The NASDAQ Composite gained 55 points, or 2 percent, to 2,660 in the first minutes of trading while the S&P 500 surged 1.83% to 1,280.

market outlook Wednesday 4th of January 2012

Wednesday 4th of January 10:00 – Euro Area Annual Inflation (November): the inflation in Euro Area remained at 3.0% in October, and according the recent flash estimate the inflation rate remained unchanged. But the recent developments in the EU including the high uncertainty in the EU and the rise in balance sheets of ECB due to the loans it gave to EU banks. If the upcoming inflation rate estimate will rise, it may slightly lower the chances of an additional ECB interest rate reduction;

Wednesday 4th of January 15:00 – U.S Factory Orders: This monthly report will examine the changes in U.S. factory orders of manufactured durable goods during November. This report may indirectly signal the changes in U.S. demand for commodities such as crude oil. According to the recent flash report, during November new orders of manufactured durable goods increased by $7.5 billion or 3.8% to $207.0 billion; Non-defense new orders for capital goods inclined by $5.9 billion or 8.1% to $78.7 billion

Wednesday 4th of January 2:30 – Australian Trade Balance: The upcoming report will regard November 2011. In the October report, the seasonally adjusted balance of goods and services sharply fell from a surplus of $2,249 million in September 2011 to $1,595 million in October 2011 – a $654 million decrease. The export of non-monetary gold fell by $197 million (15%); if the gold exports will continue to fall in October, it might suggest a decrease in demand for non-monetary gold that could explain the decline in gold prices

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