taking the guidance

DMT · Joined: 23 Apr 2018 Posts: 1926

SOFIA， Nov. 28 (Xinhua) -- Bulgaria's total business climate indicator in November increased by 0.6 percentage points compared to the previous month， the country's National Statistical Institute (NSI) said Monday.

In November， the composite indicators on business climate in industry and retail trade increased by 1.9 percent and 3.2 percent respectively compared to October， as a result of the improved assessments and expectations about the business situation， the NSI said.

Meanwhile， the composite indicator "business climate in service sector" remained approximately to its level from the previous month.

However， the "business climate in construction" indicator decreased by 4 percentage points due to the more unfavorable construction entrepreneur assessments and expectations.

In their opinion， the inflow of new orders over the last month decreased， and their expectation about construction activity over the next three months was pessimistic， the NSI said.

The uncertain economic environment continued to be the most serious problem limiting the activity of construction enterprises. Enditem

NEW YORK Marquise Goodwin Youth Jersey , Aug. 13 (Xinhua) -- U.S. stocks rose Wednesday led by biotech shares, as investors shrugged off weaker-than-expected retail sales data.

The Dow Jones Industrial Average surged 91.26 points, or 0.55 percent, to 16,651.80. The S&P 500 added 12.97 points, or 0.67 percent, to 1,946.72. The Nasdaq Composite Index jumped 44.88 points, or 1.02 percent, to 4,434.13.

Major stock indices opened higher and built up their gains throughout the whole session, as the market reacted little to disappointing retail sales data.

U.S. retail and food services sales for July were virtually unchanged from the previous month, the weakest performance since January, said the Commerce Department Wednesday.

The weak retail sales data also reinforced speculation that the U.S. Federal Reserve is not in a hurry to raise interest rates, which gave investors some reassurance.

In a separate report, the department said U.S. business inventories rose 0.4 percent in June, matching market consensus.

On corporate earnings side, department store chain Macy's reported second-quarter earnings and revenues that trailed market estimates. The company also cut its full-year comparable sales forecast due to its sales shortfall in the first quarter. Macy's shares fell 5.51 percent to close at 56.47 U.S. dollars per share.

So far, 91 percent of the S&P 500 companies have reported second-quarter results, among which 67.5 percent have reported earnings above analysts' expectations, while 62.3 percent released revenues above forecast.

U.S. corporations had fared better than expected in the second quarter in general, helping propel the U.S. equity market to uncharted territory before the recent correction.

The tech-heavy Nasdaq outperformed the other two major indices, boosted by biotech shares and Amazon. Shares of U.S. biotech firms Vertex Pharmaceuticals and Biogen Idec jumped 3.91 percent and 2. 98 percent, respectively.

Amazon shares added 2.18 percent to 326.28 dollars apiece, as the e-commerce giant on Wednesday launched a new mobile payment app for local businesses to quickly and easily accept credit and debit cards using a smartphone or tablet.

Geopolitical issues took the back seat, but investors were keeping an eye on any developments that could jolt the market.

About 130 American military advisers have arrived in Iraq to help with its humanitarian aid in north area of the country, said U.S. Defense Secretary Chuck Hagel on Tuesday. Hagel insisted that Washington is not sending combat troops to Iraq and the American mission remains "limited."

The CBOE Volatility Index, widely considered as Wall Street's fear gauge, dropped 8.70 percent to end at 12.90 on Wednesday.

In other markets, the dollar retreated against most major currencies on weak retail sales data, but it continued rising against the yen as the Japanese government said the country's gross domestic product in the second quarter of 2014 shrank 6.8 percent from a year earlier, the biggest contraction since the March 2011 disaster.

In late New York trading, the euro was little changed at 1.3369 dollars from 1.3368 dollars of the previous session. The dollar bought 102.45 Japanese yen, higher than 102.23 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange rose. The most active gold contract for December delivery rose 3.9 dollars, or 0.30 percent, to 1,314.5 dollars per ounce.

Crude price gained though a government report showed that U.S. crude inventories increased last week.

Light, sweet crude for September delivery moved up 22 cents to settle at 97.59 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 1.26 dollars to close at 104.28 dollars a barrel.

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