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Markets Start Positive With Alcoa, Tiffany And Kodak In Focus

U.S. markets opened up Tuesday after a positive start of earnings season in the U.S. with prospects looking better than expected for Alcoa.

A few minutes before the opening, the future contract on the S & P 500 13.25 points to 1288.75 wins points, while Nasdaq 100 Future takes 23 points to 2369.75 points.

The scores posted all over Europe (+1% to +2.8%) also contribute to the climate of optimism that moved to New York.

Alcoa stock price jumped more than 3% in pre-market quotes. The aluminum giant reported on last night of a loss on the quarter, mainly due to restructuring, and rather reassuring outlook for the coming year.

The group estimated that global demand for aluminum is expected to grow 7% throughout the year, following growth of 12% in 2011.

Tiffany is however expected to decline by 8% after the downward revision of its earnings estimates for the full year ending.

Eastman Kodak will reduce the number of branches to two against three above, to accelerate its shift to digital, return to profitability and create value for its shareholders.

The timing statistics remain scarce today, with wholesale inventories for November, expected up 0.5% on average, after rising by 1.6% in October.

Stock Markets Hold Up Despite Recent Tumoil

Wall Street finished the Monday session in a very small increase after four weeks of losses, closing a session with no real trend in a very fragile economic environment. The New York Stock Exchange finished up 0.34% Monday, the Dow Jones Industrial 30 win 37 points to 10,854.65 points.

The S & P-500, wider took 0.29 point or 0.03% to 1123.82 points. The Nasdaq Composite was up on its side of 3.54 points (0.15%) to 2345.38 points. After four weeks in a row in the red, Wall Street has had a turbulent session, alternating folds and rebounds.

The shares have been particularly cheap buyouts, some stakeholders holding that the market had become oversold and the market turned upward late in the session in a climate of extreme volatility as fears of another recession in the United States and those of a destabilization of the European financial system remain.

In this context, investors will watch carefully for signs of possible new measures to support the Federal Reserve the U.S. economy, when its central bankers will meet Friday in Jackson Hole, Wyoming.

Values​​, the title took Lowe’s Companies 1.139% after announcing it would spend five billion dollars to buy back shares over a period of two to three years.

Boeing took the title also 1.45%. Leaders of Delta Air Lines (0.13%) should vote this week an order for 100 Boeing 737 planes worth 8.58 billion dollars (six billion euros), Bloomberg announced News, citing two sources familiar with the matter.

Tokyo Stock Exchange Ends Up Higher

The Tokyo Stock Exchange ended slightly higher yesterday, taking advantage of an important line of support and appeal for securities trading companies.The figures for industrial production and retail sales in China, released better than expected, also supported the Tokyo Stock Exchange.

The Nikkei gained 37.22 points to 9,963.14 and the Topix, broader took 3.34 points (0.39%) to 860.53. The debt crisis in Europe, however, remained in the minds and the trading volume remained moderate in cash.

“Whatever may be said, the situation in Europe has not really changed, so I’m not very comfortable with this increase,” said Hideyuki Ishiguro, of Okasan Securities.

The bank Credit Suisse has initiated coverage of trading companies with an assessment to “outperform” on the sector, leading to a rally on the values​​.

The leader of Japan, Mitsubishi Corp., has awarded 1.82% to 2,069 yen.

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