November 4Th International Financial Media Headlines

　　 Below is The world's leading media headlines :

New York Times: Dow rose to 2 year high on Wednesday

In Wednesday's trading, the market sentiment was greatly improved, thanks to the Fed's $600 billion treasury bond purchase plan, and the US stock market rose, and Dow hit the highest level in the past 2 years. At the close, the three major indexes in the United States hit a high level for several months. The intraday amplitude was larger, and the Dow rose 26.41 points, or 0.24% points, to 11215.13 points, the highest closing price since September 2008. The NASDAQ rose 6.75 points, or 0.27%, reported 2540.27 points, the highest closing price since June 2008; the S & P 500 index rose 4.39 points, an increase of 0.37%, and reported 1197.96 points, the highest closing price in nearly a month.

Earlier, the market had speculated that the Fed might at least launch a treasury bond purchase plan of about $500 billion. Although the Fed's debt purchase plan is higher than market expectations, it still has a gap compared with many investors' expectations. Although the stock market has finally narrowed, trading remains slack, with a total turnover of about 6 billion 920 million shares in the New York stock exchange, the US stock exchange and the Nasdaq market, lower than the average daily turnover of about 8 billion 730 million shares since 2010.

　 YAHOO Finance: where will the stock market go in the future?

The Fed's Conference on interest rates ended on Wednesday. At this meeting, the Fed said that in order to stimulate further economic growth, it will launch a total of 600 billion US dollars in the next 8 months. The market analysts forecast that the scale of treasury bonds purchases would be US $500 billion. As the scale of treasury bond purchases was larger than expected in the market, the three major U.S. stock indexes rose at the end of Wednesday, hitting a high level for several months, but the intraday amplitude was larger. Industry analysts pointed out that the 600 billion quantitative easing measures of the Federal Reserve will almost equal 75 basis points. The US dollar index is now 76.33, down 0.46%.

Market experts have expressed their views on the future trend of the stock market. Jeffrey Kleintop Jeffrey Kleintop, chief marketing strategist at LPL Financial, points out that the most important aspect of the market is unemployment. And around the US election is also about employment. He said frankly that the bottom line of the stock market is the growth of the number of units in the next 12 months, and the rise of the S & P's cumulative 7.5% this year. Mark Vitner, a senior analyst at Wells Fargo, said that the bottom line of the stock market is that there will be no significant increase in the stock market until the Fed's assets and liabilities are improved.

　 CNBC: the Fed's new deal will further devalue the US dollar.

The Federal Reserve's decision on Wednesday will stimulate the recovery of the US economy by continuing to inject liquidity into the market, which will continue to bear pressure on the US dollar and the risks faced by the US economy will rise further. The Federal Reserve announced on Wednesday that it will buy US $600 billion worth of government bonds within the period from now until the end of the first half of 2011. "At least in today's situation, the market's response to the Fed's decision has moderated," said Clay Tope, chief market analyst at LPL Financial, Jeff. What surprised me a little bit is that the Fed's policy is so clear.

Clay Tope also said that with the release of the Fed's policy statement and the end of the mid-term elections in the US Congress, the concerns of the market will once again turn to a series of macroeconomic data. Clay Tope said: "we have just experienced a round of earnings season for listed companies. I think from now on, the market will pay close attention to the various macroeconomic data released every week. " Clay Tope also pointed out that this Friday's employment data will become the key to the market trend.

　 CNNMoney: General IPO scale is US $13 billion.

US automaker General Motors said recently it plans to issue common stock and preferred stock with a scale of US $13 billion. The scale is expected to create one of the largest IPO scale in the history of the United States.

GM said that in the IPO, the price range of common stock will be between us $26 and US $29, which will sell 1 billion 500 million common shares. In addition, GM will also issue 60 million preferred shares, with US stock floating value of US $50. It is reported that in 2009, due to deep management difficulties, the US Treasury provided nearly $50 billion in relief funds to general motors, thereby achieving a 60.8% stake in general motors. The general IPO pricing means that the US Treasury has a common market value of $23 billion 700 million to $26 billion 500 million. But there is still a gap between GM and the $40 billion taxpayer bailout fund.

　　 MarketWatch: Ford's sales in the US increased by 19.2% in October.

F, the US carmaker giant, announced its monthly sales report on Wednesday, saying its sales in the US market increased to 157 thousand and 935 vehicles in October from 132 thousand and 483 in the same period last year, an increase of 19.2% over the same period last year.

The report also showed that the number of Ford cars sold in the United States in October increased to 54 thousand and 430, an increase of 20.4% over the same period last year. Over the same period, off-road vehicle sales increased by 9.4% to 39 thousand and 776 over the same period, and truck sales increased 25.2% to 63 thousand and 729 compared with the same period last year. In addition, Ford motor's best selling F series truck sales in the US market in October increased by 24.2% to 49 thousand and 41 over the same period last year. {page_break}

Wall Street Journal: GM's sales in the US increased 3.5% in October.

GM said on Wednesday that its sales in the US market in October increased from 177 thousand and 603 vehicles in the same period last year to 183 thousand and 759, an increase of 3.5% over the previous year and a market share of nearly 2%. As of October this year, the remaining four brands of the company, GMC, Cadillac, Chevrolet and Buick, had increased by 22%, while the average sales growth in the automotive industry was only about 10.5%.

The company said its sales of 2011 models were faster than those of other competitors. 76% of GM's sales in October were 2011 models, making GM a dominant position in continuous growth.

　 Reuters: the Federal Reserve starts the second round of quantitative easing plan

The Federal Reserve said in a statement on Wednesday that it plans to complete a total of $600 billion in treasury bond purchases by June 2011 to help revitalize the economy. According to the Federal Reserve's statement, the current round of treasury bond procurement, which is the 600 billion round of the second round of quantitative easing measures widely expected by the market, will last for 8 months at a rate of $75 billion per month.

The statement points out that the Federal Reserve Market Committee (FOMC) adopted the new credit stimulus project with the result of 10 votes in favour and 1 votes against it. According to the statement, the current economic recovery rate is disappointing and slow.

　 Bloomberg: MGM films refuse to buy applications for bankruptcy protection

The Losangeles based MGM film company announced on Wednesday that it had formally filed a bankruptcy petition with the federal court of Manhattan. The documents show that creditors of the company have agreed to a pre Group bankruptcy plan to write off $4 billion in debt. The company has previously rejected the offer from LGF and billionaire investor Karl Icahn. MGM films are the publishers of the 007 series and the Loki series.

Lions Gate Entertainment Canada said in October 12th that it was willing to pay $1 billion 700 million for its stock and debt, equivalent to 55% of the combined company's holdings. Karl Icahn, a billionaire investor with the largest shareholder of Lion Gate Entertainment and a 10% creditor of MGM, has offered a 53 cent bid for MGM's bonds, which is about 18% premium.

　 Nikkei: the Federal Reserve buys $600 billion bonds.

The Fed's Conference on interest rates ended on Wednesday. At this meeting, the Fed said that in order to stimulate further economic growth, it will launch a total of 600 billion US dollars in the next 8 months. The market analysts forecast that the scale of treasury bonds purchases would be US $500 billion. Fed officials say that if the economy continues to deteriorate in the future and cause inflation to continue to maintain a low value and there is no sign of improvement in employment, it will be ready to buy more treasury bonds to stimulate the economy.

It is understood that in the two years from March 2008 to March 2010, the Federal Reserve has accumulated a total of US $1 trillion and 750 billion of treasury bonds, but the effect on the economic stimulus seems to be not obvious. In the monetary policy results announced this morning, the Fed pointed out that the pace of recovery of US economic output and employment continued to slow down, while household expenditure gradually increased, but it was still constrained by high unemployment rate and tight credit environment. The Fed plans to buy $600 billion in longer-term US Treasury bonds in the two quarter of 2011, buying around $75 billion a month. The Federal Reserve estimates that the 600 billion quantitative easing measures will almost equal 75 basis points.

　 India times: world economic recovery is slowing down

The world economic recovery is slowing down and its economic growth forecast for developed countries in 2011 is slowing down, according to a OECD report released by OECD on Wednesday. It also warned that the global economic crisis has pushed the government's public deficits and debts into an unsustainable level.

The report also predicts that the GDP growth rates of these major developed countries in 2010 will range from 2.5% to 3%, compared with 2.7% in June. At the same time, the organization lowered its expected growth rate for the developed economies in 2011 from 2.8% to 2% to 2.5%.