Economy and Business Votes

The main indicators of Wall Street opened flat waiting for that Friday’s employment data will give clues about recovery.

Both the Dow and the S & P are at the beginning of the session virtually the same level at which closed yesterday. The Nasdaq gave 0.3%.

And is that the unexpected return to the path of job destruction in the U.S. has cut climbing futures pointed early in the morning. Investors prefer to wait for Friday’s employment data to make decisions in either direction. Especially after yesterday’s rally. At closing, the Dow Jones climbed 1.8%, and the Standard & Poor’s 500 and Nasdaq exceed 2% revaluation.

The first of three days on Wall Street marked by references on employment yields negative surprise for the destruction of 39,000 jobs in September.

The employment report will complement private sector tomorrow with the weekly unemployment figures, and Friday with the official report on September employment. For now, the first reference cools the prospects for improvement of analysts.

Neither the IMF has encouraged expectations of recovery, according to the agency “is beginning to moderate, mainly due to lower consumption of families and high unemployment, which hinder growth in 2010 and 2011.

The day holds another record surge in the markets, led by renewing two of the active refuge par excellence, gold and the Swiss franc. This situation is favored by the eight-month lows touching the dollar against the euro, which in turn facilitates the escalation in oil prices above $ 82 in a five months.

Corporate News is in store new movements in the chapter on mergers and acquisitions. Johnson & Johnson has taken control of 82% stake that it did not own the biopharmaceutical Crucell for about 1,750 million euros.

The day starts with the published results for low cost Costco stores that have beaten expectations. The retailer fell 1% after announcing a 16% increase in quarterly profit, to $ 432 million.

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