AIR FRANCE KLM sounds the gong after winning the AEX Best Performer Award.
At the annual and well-attended New Year’s Reception of the Amsterdam exchange Cees Vermaas, CEO of NYSE Euronext Amsterdam, announced this year’s listed companies that achieved the highest earnings in the past year. AIR FRANCE KLM won the Best Performer AEX award. Chief Financial Officer KLM, Erik Swelheim, opens trading.
NYSE Closing Bell Celebrates NYSE Euronext’s Choice of Renewable Energy
--Global exchange operator purchases wind energy from Green Mountain Energy Company --
On Thursday, January 17, Green Mountain Energy Company President, James Steffes, will visit the New York Stock Exchange and ring The Closing Bell® alongside executives of NYSE Euronext, to highlight the global exchange operator’s recent purchase of 100 percent wind energy. David Crane, CEO of NRG Energy (NYSE: NRG), Green Mountain’s parent company, will also be present during the NYSE Closing Bell ceremony.
The Exchange purchased over 80 million kilowatt-hours (kWh) of wind energy from Green Mountain Energy to cover the full range of its 2011 electricity usage – from trading floor activities to operational needs – which avoided over 82 million pounds...
Stocks soared, closing at a 5 year high on the S&P 500, as an increase in housing starts and lower jobless claims data stirred belief that the US economic recovery remains on track. Most S&P sectors gained, but banks weakened the financial sector following disappointing earnings from Bank of America and Citigroup. Crude oil closed at a 4 month high amid the hostage crisis in Algeria. The Dow closed up 84.79 to 13,596.02.
Initial jobless claims for the week ended 1/12 decreased by 37,000 to 335K (369K expected), from a revised 372K the week prior.
December housing starts increased 13,000 or 12.1% to 954K annual rate (890K expected) versus last month’s revised 851K.
The Philadelphia Fed Manufacturing Survey for January was reported at (-5.8) for the month below the consensus forecast of +5.0.
Markets have struggled to make any meaningful moves this week as earnings season kicked into full gear. US debt ceiling concerns continue to cast a shadow on market sentiment, and the week’s economic data has not sparked a whole lot of enthusiasm. Can the market continue the move to the upside and test October ’07 highs? Or are we going to see a winter pullback? Here are three topics that influenced the market this week: