Summary: Housing construction starts falling, U.S. stocks are mixed

By the end of the sudden sale of the disc impact, the main stock index Tuesday closed mixed.　　Stocks were in an uncertain direction throughout the day, and financials fell back in Tuesday after a rally yesterday. The number of housing starts and building permits in the United States reached a new low in April, below market expectations.　　Affected, the U.S. stocks lower and continue to decline after the opening. The Ministry of Commerce reported that the U.S. housing construction started to fall 12.8% last month, after the seasonally adjusted year to 458,000 sets, a record low.　　The number of building permits fell to 494,000 in April and also hit a new low. But from another point of view, the economic data also has a positive impact.　　The decline in housing starts and building permits means that there will be a drop in housing growth in the market, which is clearly helping the market to digest existing excess housing stock and boost house prices. Crude oil futures on the New York Mercantile Exchange rose 62 cents to 59.65 dollars a barrel. Gold futures rose slightly.　　The dollar weakened against other major currencies.　　The FTSE 100 index rose 0.8%, Germany's DAX index rose 2.2%, France's CAC-40 index rose 0.9%, and Japan's Nikkei index rose 2.8%.　　The number of listed companies in the fiscal quarter to be announced tomorrow will be small, and the minutes of the Federal Reserve's open Market Committee's April 29 monetary policy meeting will be announced in Wednesday 2 o'clock in the afternoon. As of the close, the Dow Jones industrial average fell 29.23 points, reporting 8474.85 points, or 0.34%, and the Nasdaq Composite index rose 2.18 points to 1734.54 points, or 0.13%,　　The standard and poor 500 index fell 1.58 points, with 908.13 points falling to 0.17%.　　The financial sector, which has fallen 2.6%, is one of the worst performers in the 10 industry sectors of the 500 constituent stocks, with weaker consumer credit and banking stocks. Consumer credit shares fell 4.8%, and the Senate passed a bill restricting credit-card lending. Dow Jones, a AXP, fell 1.34 US dollars and reported 24.79 dollars.　　The company announced that it would actually save $800 million a year by cutting staff, investing and cutting costs. Comprehensive bank shares fell 4.9%, and the Fed allowed high-quality commercial mortgage securities to be used as collateral to apply for loans, but investors were not moved by the positive news.　　The Wall Street Journal recently estimated that commercial real-estate loans would bring 100 billion of billions of dollars in losses to banks next year.　　The rules on repaying TARP loans will be announced after June 8, according to CNBC.　　Britain has started talks with sovereign funds and other investors about the sale of some nationalised banks, the financial daily reported. The health sector also lagged behind the market, which fell 0.6%, but AmerisourceBergen (ABC) rose 38 cents to $35.96.　　The company had Better-than-expected results in the previous quarter, raising forecasts and increasing quarterly dividends by 20%. Tuesday is not a lot of important earnings., the Dow's share of Home Depot (HD) fell 1.39 U.S. dollars and reported 35.96 dollars. The company's first-quarter results were Better-than-expected, with a sharp rally yesterday, with Better-than-expected results reflected in the market earlier.　　The retail sector rose 0.3%.　　The utility sector, which has risen 1.7%, is the best performing segment.　　Turnover in the New York Stock exchange fell from 5.49 billion shares in Monday to 5.44 billion shares, and the share price was 3:2.　　Hewlett-Packard will release its earnings after the close of today's HPQ.　　April new housing opened in the United States, the U.S. Department of Commerce announced that the April new housing construction figures to a record low, investors to the housing market downturn may have bottomed optimistic expectations suffered a heavy blow.　　In its estimate, the Commerce Ministry said the number of new homes in the United States had fallen by 12.8% per cent in April, with an annualised figure of 458,000, well below the average of 519,000 previously expected by MarketWatch economists. The decline in the number of new housing projects in April was mainly concentrated on the decline in the construction of large apartment buildings, which fell by 46.1% per cent on a month-on-month scale to 78,000 buildings, the lowest value in history.　　The number of new homes opened in April was the lowest level since the Ministry of Commerce began publishing the data in 1959. In April, the number of single-family homes started to grow by 2.8%, up to 368,000.　　In the past four months, there have been signs of stability in the number of single-family home housing starts.　　The number of home construction permits for single-family homes in April rose by 3.6% to 373,000.　　In the year ending April, the number of new housing projects in the United States was reduced by 54.2%, with a 45.6% reduction in the number of single-family homes started. Construction permit numbers are the leading economic indices of the real estate industry.　　In April this year, the number of new housing estates approved by the government was reduced by 3.3%, with a seasonally adjusted annual rate of 494,000, which was the lowest in history.　　This year, the number of home construction permits for single households has fallen by 42.3%. The total number of completed buildings in April grew by 4.9%, seasonally adjusted to an annualised rate of 874,000.　　The total number of completed buildings has decreased by 15% this year. The US government has warned that its monthly property market data are volatile, possibly due to errors in sampling and other accounting errors. Most of the time, the government is not sure whether the actual number of new housing estates will be increased or decreased.　　It is very common to revise the data previously published.　　In Monday, the American Association of Real Estate Builders reported that confidence in US property builders fell to a new low since September last year. New York oil price high 1.1%, 59.65 U.S. dollars in the New York market, the main crude oil futures contract higher than 1%, in short time to break 60 USD/barrel. The rise in oil prices today stems from market expectations that inventories of crude oil will fall by the quarter last week. However, the real estate data released this morning owesWell, the rise in oil prices is bound to be limited. Wednesday US Eastern Time 10 o'clock in the morning the U.S. Energy Information Agency (EIA) will issue weekly energy inventory reports.　　Analysts on the Platts survey, an energy information provider, expected that last week's crude inventories would fall by 1.5 million barrels a quarter. As of Tuesday East 2:30 (Beijing time Wednesday 2:30 A.M.), the New York Mercantile Exchange's June crude oil contract rose 62 cents to $59.65, or 1.1%. The maximum value of the June contract was $60.48, at a minimum of $58.55.　　The $60.48 trillion hit a new high in the latest contract price since mid-November last year. After the April new housing construction figures were released, the price of oil rose markedly. In April, the volume of new housing construction decreased by 12.8% compared with March, with an annual value of 458,000 after the quarterly adjustment, which was significantly lower than the expected 519,000 of economists surveyed by MarketWatch.　　458,000 has set a record low of 1959 years of relevant statistics since its inception. The Dow Jones News Line reported that Sunoco Inc. The fire at the refinery in Marcus, Pennsylvania, was extinguished in late Monday and the fire was triggered by the explosion late Sunday. The capacity utilization of the plant before the fire was 85%.　　Sunoco has increased the output of another two refineries to cover losses. In the Wednesday EIA report, in the week ending May 8, the US stocks of crude oil, excluding strategic reserves, fell by the quarter, the first quarter-on-quarter decline in crude oil inventories in the past 10 weeks, but this was mainly due to a decrease in U.S. oil imports.　　In the previous weeks, crude stocks had remained near the highest point in 19 years.　　Linda Rafield, a senior oil analyst at Platts, said the EIA report is expected to release news of a rebound in oil imports, "but the rebound is not enough to prevent a further fall in oil inventories," Radfield. Analysts are now widely expected to use about 83.7% per cent of the U.S. refining industry last week, more than 80.4% of the previous week. In addition, they estimate that petrol inventories will fall by 1.7 million barrels and distillate inventories will increase by 1.3 million barrels. View Global stock index The close of the world's major stock markets (up to Beijing time May 20 04:00) Dow Jones 8474.85-0.34% Nasdaq Composite Index 1734.54+0.13% the 908.13-0.17% FTSE 500 index 4482.25+ 0.81% Germany DAX index 4959.62+2.22% Russia Micex index 1041.84+2.86% CAC40 index 3274.96+0.91% Hong Kong Hang Seng 17544.03+3.06% Nikkei 225 index 9290.29+2.78% South Korea KOSPI index 1428.21+2.99% s&p Asia 50 Index 2403.10+2.70% Shanghai Composite Index 2676.682+0.90% exponentially 10424.356+1.07% Shanghai and Shenzhen 3002840.084+1.05% [page] Other energy futures in New York market, June new formula gasoline contract rose 1.89 cents to 1.777 USD/ gallon, up 1.1%; the June heating oil contract rose 0.68 cents to $1.4825/gallon, or 0.5%.　　In addition, the gas contract fell 17.9 cents in June to $3.96/mbtu (million UK thermal units), down 4.3%. Poor housing data New York's gold price is high, with 0.5% New York market's main gold (203,-1.82,-0.89%) futures contracts modestly high. The latest economic data show that in April the number of new housing construction and construction permits was the lowest since the relevant statistics were created, and the sentiment of investors who had expected the real estate sector to emerge from the doldrums was hit.　　Once the economic outlook turns dark, the attractiveness of gold will grow. Fred Dickson, chief market analyst at Davidson Companies, said: "The number of new homes opened in April this morning was 12.8% lower than in March, indicating that the housing market is still not bottoming out." He added: "While credit conditions are improving and job losses are showing signs of slowing, the real estate industry remains the Achilles heel of the US economy." We still believe that the fastest recovery will have to wait until the fourth quarter of this year. "Up to Tuesday 1:30 (Beijing time Wednesday 1:30 A.M.), the New York Mercantile Exchange Comex department listed the June gold contract rose 5 U.S. dollars, closed at 926.70 U.S. dollars/ounces, up 0.5%.　　The maximum value of the contract is USD 929.20, with a minimum of USD 917.60. European stocks rose in Tuesday as European stocks rallied in the run-up to the fourth consecutive trading rally.　　Investor confidence has soared as the recession has bottomed out and the prospect of a recovery is on the rise.　　The pan-European Dow Jones Stoxx 600 index (ST:SXXP) rose 1.41% per cent to 210.78 points. Germany's DAX 30 index (dx:1876534) rose 2.22% per cent in Tuesday in major European markets, at 4,959.62. The French CAC-40 index (fr:1804546) rose 0.91% per cent to 3,274.96. Britain's FTSE 100 index (UK:UKX) rose 0.8% per cent to 4,482.25. When European markets closed, U.S. stocks were basically flat.　　Today, the Commerce Department reported that the number of new homes opened in April and construction permits fell to a record low. Mike Lenghof, chief market strategist Brewin Dolphin, UK securities service Agency"I think we may have come out of the worst of the recession now," Enhoff said. I think the current stock market situation reflects investors ' optimism about the impending economic recovery. "In the last one months or so, the published market survey data generally reflect a less pessimistic view of the economic outlook," said Roentgen. I think many asset market investors have started reassessing the value of assets and their risks.　　Germany reported in Tuesday that ZEW's economic confidence index was better than expected. Investors have been buying bank shares out of optimistic speculation that the worst of the global recession may have passed.　　As a driving force, BNP Paribas (FR:BNP) rose 2.64%, and Deutsche Bank (DE:DBK) rose 5.56%. Many lenders have been forced to apply to the Government for assistance in order to survive the recent turmoil in financial markets.　　But for some lenders, the government will soon be less influential.　　The Royal Bank of Scotland (Uk:rbs) rose 4.4% per cent in London today after the Financial Times reported that the British government was considering selling stakes in the already partially nationalised bank.　　According to US media reports, both Goldman Sachs (GS) and Morgan Stanley (MS) have applied to the Federal Reserve, and the two banks have asked to be allowed to repay 10 billion of dollars in federal government loans. The Bank of Ireland (Ireland) (Uk:bkir) (IRE) rose 23.3% per cent after announcing that it was still profitable in the last fiscal year and that it would implement a repo stock plan. The bank said it still achieved a net profit of 59 million euros (80 million US dollars) in the previous fiscal year, despite the decline in earnings figures.　　The company had a profit of 1.68 billion euros in the previous fiscal year. Other companies have reported earnings, with Vodafone Group (UK:VOD), the British telecoms operator, down 4% per cent. The company reported that net earnings in the previous fiscal year had fallen by 54.4% per cent to 3.1 billion pounds. The company's decline was attributable to 5.9 billion pounds of write-downs in Chengdu, most of which originated in its Spanish business unit. (Ming) View the global stock index of the world's major stock market close list (up to Beijing time May 20 04:00) The Dow Jones 8474.85-0.34% Nasdaq Composite Index 1734.54+0.13% the standard and Poole 500 index 908.13-0.17% FTSE 100 index 4482.25+0.81% Germany DAX index 4959.62+2.22% Russia MicexIndex 1041.84+2.86% France CAC40 index 3274.96+0.91% Hong Kong Hang Seng 17544.03+3.06% Nikkei 225 index 9290.29+2.78% South Korea Kospi index 1428.21+2.99% P Asia 50 Index 2403.10+2.70% Shanghai 2676.682+0.90% Shen exponentially 10424.356+1.07% Shanghai and Shenzhen 3002840.084+1.05%