On Tuesday the American stock markets have demonstrated growth successively on a background of increase in activity in tertiary industry in the
Major factors of Tuesday growth became economic data. The Ministry of Labour report has informed that specific costs for the wage in 3rd quarter have grown on 2.3%. It is much more below the forecast of economists, who expected growth of a parameter on 3.8%. Contained growth of costs for the wage testifies to decrease in inflationary pressure and increases chances of fast reduction in interest rates.
Analysts declare that investors are assured of prospects of growth in 2007 as the cores sectors of the American economy show stable growth. According to estimations of experts, profits of the companies entering into settlement index base S&P 500, in a running quarter will grow on 9.4%, and in following year will increase for 9.3%. It is above the average parameter of growth of corporate profits, which makes 7.6%.
Shares of company Kroger have grown on $1.16, or on 5.2%, up to $23.49 on a background of the good quarterly report. The company has informed that its profit in 3rd quarter has increased for 16% as it managed to entice a part of clients Wal-Mart Stores Inc. owing to new system of discounts. The profit has grown up to $0.30 on the share and has surpassed expectations of analysts.
Stock quotations of company AutoZone Inc., the retail seller of auto spare parts largest in the
Securities of Coca-Cola have soared on $1.17, or on 2.5%, up to $48 after analysts Merrill Lynch have informed, that the annual company profit can make $2.57 on the share. According to the previous estimation, profit Coca-Cola should reach $2.51 on the share. Cost of shares of the company during the following 12 months can grow up to $51.
Securities of NYSE Group Inc. have added $1.55, or 1.6%, and were closed on a mark of $97.60 after regulating bodies have agreed to company merger Euronext NV, the second largest stock exchange in the Europe. The world's largest transatlantic trade platform can be created as a result of the bargain in cost of $13 billion.
As a whole, at the