Dollar Tree increases the treasury stock

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

Dollar Tree Inc agreed to buy back $300 million of its shares from Wells Fargo Bank to facilitate its buyback programme. Dollar Tree already plans to repurchase $200 million of shares from JPMorgan Chase & Co under approved buyback budget of $500 million. Many companies now consider repurchasing its stock as markets remain extremely volatile. The stocks of Dollar Tree closed at $75.69 yesterday gaining 35% in 2011.

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Tue, 22 Nov 2011 15:12:16 GMT

Lower growth forecast decreases Dollar value

Treasury prices slightly increased while the dollar suffered losses after the US government announced the decrease in its projected GDP growth from 2.5% to 2% in Q3. The dollar index was traded at 78.23 down from 78.20. The euro gained on the dollar index decrease and was $1.3523 from $1.3527. Yields on 10-year notes declined by one basis point to 1.96%.

Tue, 22 Nov 2011 15:03:39 GMT

US cuts its growth forecasts

US economy develops slower than expected. The Commerce Department decreased its projected growth rate from 2.5% to 2% in Q3. Lower growth rate was mainly caused by companies reducing inventories and decreasing investments. Experts expect the growth cut to 2.3%. However, the rate is quite promising as it is the highest since the end of 2010.

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