Market Focused G20 Summit &Nbsp; &Nbsp; Wednesday Road Index Rose 0.09%

As of 4:00 pm Eastern time,

Although the US unemployment and trade deficit figures were better than expected, the European debt crisis struck again. Investors focused on the impact of the upcoming G20 Korea Summit on the global monetary system. On Wednesday, US stocks went on the low side, and the Dow's rally ended up 10.29 points, or 0.09%.

On the disk side, energy, raw materials and technology led the sector, and utilities and durable consumer goods led to a decline.

In terms of stocks, Bank of America rose 2.44%, Chevron rose 1.93%, Boeing fell 3.15%, WAL-MART fell 0.98%, Ford rose 3.48%, Messi stores fell 1.43%, Ralph Lauren rose 7.29%, CISCO -T rose 0.57%, apple increased 0.62%, NOKIA rose 0.75%, RIM rose 6.25%, Halliburton rose.

Investors worried about the European debt crisis escalation triggered a sell-off, European shares lost most of yesterday's gains, Pan European Dow Jones index closed at 271.48 points, or 0.72%.

The index yesterday rose to a new high since September, 08.

On Wednesday, the US crude oil inventories unexpectedly slashed last week, pushing oil prices up 1.09 US dollars to 87.81 US dollars per barrel, or more than 1%, the highest level since October 08.

CME raised the margin of silver futures trading and led to a sharp fall in silver prices. This dragged down gold prices by 10.80 US dollars to 1399.30 US dollars per ounce, or 0.8%.

The price of silver fell $2.011 to $26.895 an ounce.

The European debt crisis and China's raising the deposit reserve ratio pushed the US dollar strong rebound on Wednesday. As of the foreign exchange market, the US dollar index of six major currencies was reported at 77.65 points, or 0.27%.

The euro rose to 0.18% against the US dollar at 1.3778, while the US dollar rose to 0.49% yen against the yen, 82.12 yen.

Economic data

At 8:30 a.m. Eastern time, data released by the US Department of Commerce showed that the US trade deficit dropped to $44 billion in September, slightly below the $45 billion expected by economists.

In August, the figure was $46 billion 300 million.

At 8:30 a.m. Eastern time, data released by the US Department of labor showed that in the week ending November 6th, the number of Americans claiming unemployment benefits for the first time was reduced to 435 thousand, lower than 450 thousand of economists generally expected.

The figure was 457 thousand a week earlier.

The oil storage report of the United States last week will be released at 11:00 a.m. Eastern time. In the week ending November 5th, the US crude oil storage accident dropped by 3 million 300 thousand barrels, and analysts generally expect the stock to increase by 2 million 100 thousand barrels.

A week earlier, US crude oil inventories increased by 2 million barrels.

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Company news

Thanks to the growth in international sales and the successful sale of new car models in North America, General Motors achieved a net profit of $2 billion in the third quarter, and its revenue increased from $25 billion 100 million in the same period last year to $34 billion 100 million, an increase of 35% over the same period last year.

General Motors has received nearly $50 billion in government aid, so far the company has paid 9 billion 500 million of the total, and is expected to repay the remaining $40 billion through IPO and subsequent releases.

The Allianz Insurance Group's net profit in the third quarter decreased from 1 billion 370 million euros in the same period last year to 1 billion 260 million euros (US $1 billion 740 million), slightly higher than analysts estimated 1 billion 200 million euros. The company expects annual operating profit to exceed that of the previous 7 billion 200 million euro target.

Prudential Group's sales in the third quarter of this year reached 809 million pounds, much higher than 689 million last year, better than analysts expected 773 million pounds.

Earlier this year, the company was forced to terminate its $35 billion 500 million acquisition plan for AIAA due to double objections from Prudential shareholders and AIG, an AIA parent company.

Messi's Department lost its profit in the third quarter to a net profit of $10 million, compared with a net loss of $35 million in the same period last year, and sales grew 6.6% to $5 billion 620 million over the same period last year.

The company expects its same store sales in the fourth quarter to grow by 3% to 4%.

The District Court of northern California has made a final decision on the controversial WAL-MART wages and working hours. WAL-MART will pay up to $86 million in compensation to its underpaid employees in California.

The case lasted for four years and finally settled.

Its net profit in the third quarter of declined from 371 million euros in the third quarter to 371 million euros ($510 million), and its banking sector expanded substantially to 1 billion 510 million euros in the 513 million quarter of the year.

The company plans to divest its insurance sector in the US and Europe so that it can become an independent listed company through IPO.