2011/01/13

Open: Fed Beige Book will soon be a stronger Wall Street

European shares rose led by the, U.S. stocks opened higher on Wednesday. Investors are evaluating the results of the Portuguese government bonds issued, and wait for the Fed's report on the latest economic situation.

EST at 09:34 on January 12 (Beijing time at 22:34 on January 12), the Dow Jones industrial average rose 61.04 points to 11,732.92 points, or 0.52%; the Nasdaq composite index rose 10.93 points to 2,727.76 points, or 0.40%; Standard & Poor's 500 index rose 6.95 points to 1,281.43 points, or 0.55%.

European stock markets posted strong gains, the Portuguese government successfully issued 1.25 billion euros (16.2 billion) debt. Portugal, the national debt is considered to be basically a win, but Portugal and other investors in the debt-ridden countries are still worried about the long-term prospects.

Pan-European Dow Jones Stoxx 600 index rose 1%, Spain IBEX 35 index rose 3.6%. Italian stock market have risen, the current increase of 2.8%.

Spanish in the United States National Bank (STD) rose 5.8% premarket, BBVA (BBVA) rose 5%.

Economic data side, the U.S. import prices in December rose 1.1%. The Fed will be at 2 pm EST (GMT 3:00) Beige Book report released, by the region's Beige Book compiled by the Federal Reserve Bank, the main record of the current economic situation in details.