The stock market has been having a highly volatile trade which is in the upward direction for the coming days ahead. The upward bias is due to the corporate earnings seasons which may be started when the IT industries declare their quarter results. There may be certain advances in the stock markets as there is a stoke in the economic growth while the inflation has slowed down. The industrial numbers may even add up to the trading sentiment for the days ahead while the market is not being bullish.
On the earning reports card the results have been given dissappointments to many of the IT companies. The IT companies have been disappointed as many companies have been under the slowing growth and increase in borrowing cost. There will be a rough time for countries like India due to the result estimate and the perceptible slowdown in macro environment. The top line growth will be seen by companies belonging to the IT,consumer goods,pharma and cement while low growth for real estate firms and metals.
Some of the companies will be giving out their production results and the production numbers in month of January. There is more negative sup-rises more than positive says one of the statistics report for the year 2012. Due to the hikes and fall in the value of the money also due to the borrowings there is recent fall in earnings.
US enters election year there has been a clear edge over the Democratic party of Barack Obama and Republican party. The opposition party Republican Party to the Democratic party where there has been a clear edge created stated the opinion poll. There has been more confidence gained by President Obama among the Americans and hence the democrats gets about 41%. While even the election advertisements are going on there has been less for the Republic in congress of about 34%.
There has been a looming debate of which government will be coming next and about the skills of the parties. There is even expectation about the permanent extension of the pay roll tax cuts and about the unemployment benefits. According to another opinion poll given by the CNN the Republican party will be slipping the lead in the election. The poll was conducted by the former speaker of the House of Representatives Newt Gingrich who gave the result.
The republican party will slipping off the presidential candidate in the state and during th3e next week. The presidential nomination might be bagged by the Republican candidate Mitt Romney as he has solidify his lead. Just a week less for the elections the Republicans have ready to cast their first votes for the year 2012. The presidential race which would between former Massachusetts governor Mitt Romney and congressman Ron Paul.
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As Pope Benedict celebrated the Christmas eve mass he decried about the increasing commercialization. During the mass Pope Benedict urged the people to faithfully look beyond the celebration of glitter which is superficial.
After Benedict postponed the two week Christmas related public appearances he presided over the service at St.Peter Basilica. During Christmas the pontiff stamina and fatigue has increased in Benedict who is about 84 years and has slow down.
The eve mass has moved unto 10 pm which was before till midnight as Pope cannot stay till late night after speech. This year during the new concession the pope processed down the central aisle of Basilica over a platform for a long walk. During the mass Benedict appeared to hold up well in-spite of the late hour and the coughs which inter-upped his speech. When the homily Benedict lamented the Christmas and spoke about the Christmas celebration which is becoming commercial.
The celebration of Christmas is to show the Christ birth and needs Obscures the simplicity instead of consumerism. Let the Christ help us to see beyond the superficial glitter during this season and see the child of Bethlehem stated Benedict. The second time Pope Benedict has spoke upon the need to rediscover the faith and confront the problems which the globe has been facing. During the end of the year meeting along with the Vatican officials Pope Benedict stated that the financial crisis of Europe is on the ethical crisis.
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On Saturday Pakistan security forces took control of the airbase called the Shamsi which is near the southwest. The airbase Shamsi is one of the strategically importance airbase which has been taken in-charge by Pakistan. At present the US military personnel has been vacated the facility in line which was being demanded by Pakistan government. Pakistan government had asked the US military to vacate the Shamsi airbase which is in the Balochistan province.
There was a cross border NATO attack which happened between two border posts hence the shamsi was asked to be vacated. US has been using the Shamsi airbase from the year 2001 for having the military operations in Afghanistan. The operations by US military were using the airbase drone strikes in Pakistan tribal belt. As per as the details given by American and Pakistani media reports due to the NATO attack in Pakistan the airbase was asked to vacate.
Last week during the interview Prime minster Yousuf Raza Gilani had stated about the vacating about the airbase by December 11. The troops from the frontier corps took in charge of the shamsi airbase after the US personnel left the airfield. Just one of the transport US plane was being parked at the airbase was remaining to get transferred. Many of the officials had arrived at the airbase to take full in charge of the shamsi base while the Americans left the place.
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By all accounts Pakistan will seethe for the third day from Monday over the NATO helicopter attack on the border. The helicopter attack on the border outpost has left 24 soldiers dead and about 13 people injured in early hours of Saturday. The interviews which was given by Prime minster Syed Yusuf Raza Gilani that the business will not be as usual.
Due to the attack Pakistan would be reviewing the relationship with US as the military spokesman confirmed. After Abbas has demanded the proof from NATO to back the claim and the attack related to firing. While speaking to CNN Gilani Pakistan will be engaged qith US and the relationship will have mutual respect and equality. Even though there was reports of the local media OF Pakistan may not be attending the Bonn Conference on Afghanistan. The conference could scale down the presence of Pakistan and no decision has been taken over the front.
While speaking about the NATO contention that there the helicopters were in as the back in ground troops. According to the reports the Afghanistan that many of the military posts was along the Afghanistan and Pakistan border. The presence of terrorists were also disputes to Pakistan on the side of border with the eastern Kunar in Afghanistan. Soldiers have been manning along the posts have been told about the attack and have asked for a senior leadership of the army.
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