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NEW YORK, May 27 (Xinhua) -- U.S. stocks expanded gains on Friday ahead of the long Memorial Day weekend as surging commodity prices overcame disappointing economic data.European Central Bank Governing Council member George Provopoulos said that Greece might deal with its debt problem if it sticks to the aid program. That comment, which was considered as bullish by investors, drove the U.S. dollar weaker and led commodity prices surge on Friday.The stock market was driven by higher commodities prices, with thin trading volume ahead of the Memorial Day holiday, despite somewhat disappointing economic data on Friday.The Commerce Department said that both personal income and spending rose 0.4 percent in April, in line with market estimates. However, the rise in spending was the smallest in three months, suggesting the consumption situation was still weak.Meanwhile, pending home sales dropped 11.6 percent in April. The reading was a seven-month low. The market expectation was a drop of 1 percent.Moreover, the Thomson Reuters/University of Michigan Consumer Sentiment index came in above analysts' estimates. Concerns about higher gas prices and inflation had knocked the gauge down in March and April.Despite those disappointing data, analysts still held a bullish view toward the stock market. "Despite our near-term caution, we continue to see the S&P 500 reaching 1400 over the coming year," Alec Young, equity strategist of S&P Equity Research told Xinhua.According to Alex, while recent macro headwinds were raising questions about the sustainability of recent earnings momentum, he still believed that a downside trend of market was fairly limited and that the current weakness is more likely to be a correction, rather than the beginning of a new bear market."In our view, 2011 estimated EPS would have to be excessively optimistic to justify a bear market,"he added.The Dow Jones industrial average added 38.82 points, or 0.31 percent, to 12,441.58. The Standard & Poor's 500 was up 5.41 points, or 0.41 percent, to 1,331.10. The Nasdaq Composite Index rose 13.94 points, or 0.50 percent, to 2,796.86.
BERLIN, May 26 (Xinhua) -- German health officials said Thursday that cucumbers imported from Spain was one source of a recent deadly E. coli outbreak in northern states that killed three people and made hundreds sick.The Hamburg Institute for Hygiene and the Environment (HU) found that four cucumbers in a local market were contaminated by Enterohaemorrhagic E. coli (EHEC), and three of them were imported from two separate Spanish suppliers, Hamburg state health authorities said.The origin of the fourth cucumber was still under investigation, officials added.German supermarkets began to pull Spanish cucumbers off shelves Thursday afternoon following the findings in Hamburg. The food- monitoring agencies in the northern states were launching investigations on vegetable markets, the federal agriculture ministry said in a statement.Figures showed that Spain is Germany's second largest supplier of cucumbers within the European Union, accounting for some 40 percent of the country's cucumber imports.Scientists said that EHEC is a virulent strain of gut bacterium that can cause severe stomach upsets, diarrhea, stroke and coma. It would lead to kidney failure in extreme cases.Germany saw a terrible E. coli outbreak two weeks ago, starting from the northern states like Hamburg and then spreading to eastern and southern regions. German health authorities said that at least three people have died from infections, and more than 200 have been diagnosed with hemolytic-uremic syndrome (HUS), which is caused by EHEC.Germany's national disease centre, the Robert Koch Institute, suggest people avoid eating raw tomatoes, cucumbers and lettuce for a while.
LOS ANGELES, March 18 (Xinhua) -- The moon will move closer to Earth than it has been in more than 18 years Saturday night, space. com reported on Friday.On Saturday afternoon at 3 p.m. Eastern Daylight Time (1900 MGT) , the "supermoon", as dubbed by some observers, will arrive at its closest point to the Earth in 2011: a distance of 221,565 miles ( 356,575 kilometers) away, and only 50 minutes earlier, the moon will officially be full, the report said.At its peak, the supermoon may appear 14 percent larger and 30 percent brighter than lesser full moons (when the moon is at its farthest from Earth), weather permitting, said the report.Yet to the casual observer, it may be hard to tell the difference, according to the report.Scientists say it is a fluke of orbital mechanics that brings the moon closer to Earth.The supermoon will not cause natural disasters, such as the Japan earthquake, NASA scientists say.In December 2008, there was a near-supermoon when the moon turned full four hours away from its perigee - the point in its orbit that is closest to Earth. But this month, the full moon and perigee are just under one hour apart, promising spectacular views, depending on local conditions, the report said.
BEIJING, Feb. 5 (Xinhua) - Beijing has seen the arrival of 660,000 tourists during the first three days of the Spring Festival holiday, from Feb. 2 to 4, said Beijing Municipal Bureau of Tourism officials late Friday.The tourism data was collected at the city' s 22 scenic spots.On February 4, official statistics showed that 40,000 tourists swarmed into the Palace Museum, repeating the number from last year' s national holiday, while about 14,500 ski-lovers enjoyed their time at 14 ski resorts in Beijing on the same day.Not only scenic spots, tourists also gravitated to some cultural venues in Beijing.The Beijing-based National Art Museum of China holds an exhibition on "donated masterpieces over the past 50 years (since its completion in 1952)" from Jan. 27 to Feb. 26 and spectators can visit, free of charge, during the Spring Festival holiday (between Feb. 3 and 9).On February 5, visitors queued up in a 200-meter long line waiting for check-in to the museum around 10 a.m.Wang Xiumei, 86, decided to visit the museum with her daughter ten days before."My husband and I were crazy about traditional Chinese paintings decades ago, I have to see some masterpieces today, rather than hearing about them later." Wang said.Hundreds of the nation' s art works are displayed in a dozen halls in the five-storey exhibition area, including oil paintings, ink paintings, wood block prints, shadow puppets, paper cuttings, clay sculptures and embroideries."I changed my mind and got off the bus on my way to a temple fair. My children and I want to see some elegant art works, as opposed to eating and playing during Spring Festival as before," said another citizen named Lu Hongmao.Big cities like Beijing, Shanghai and Guangzhou opened their sports venues to the public during the Spring Festival holiday.
BEIJING, Feb. 26 (Xinhua) -- China's Ministry of Education said Friday that 34.29 million students graduated from the country's higher-learning institutions between 2006 and 2010.Xu Mei, the ministry's spokeswoman, said the number is even more than that of the graduates in the 20 years prior to 2006 combined."During the 11th five-year plan period (2006-2010), higher education has become even more accessible to the general public. Higher-learning institutions provide a strong support of brain power and human resources to the social and economic development," Xu said.The "Outline of China's National Plan for Medium and Long-Term Education Reform and Development (2010-2020)," which was publicized last year, says "the strategic goals to be attained by 2020 are to basically modernize education; shape a learning society; and turn China into a country rich in human resources."