The most important Russia search engine Yandex soars, first day of trading

Shares of Yandex, which were sold for $25 (16 pounds) a piece on Wall Street, rose further by 40pc in their first day of trading Tuesday on the Nasdaq, valuing the company billion $. The first is less than a week after the actions of LinkedIn, the professional networking site, has more than doubled on the first day of trading.

Account assessments required of these two companies raises concerns that investors are repeating the error of ten years, when the dotcom companies shares soared before crashing spectacularly. Most analysts say puzzle of today is not whether internet companies are money - those who attempt to float are - but if they can support the growth of the profits necessary to justify their assessments.

Currently, Yandex, which was founded by two technologists who have gathered at the school, enjoys a 65pc of the market share of the research in Russia but faces a tough competition to Google. Russia online advertising revenues jumped 51pc in the course of the past two years, according to the Association of the agencies of Communication, which is based in Moscow.

The flotation, which saw Yandex raise 5.3 $1, has also seen existing investors, including hedge fund Tiger Global Management, sell a portion of their shares. Goldman Sachs, Morgan Stanley and Deutsche Bank managed the sale.

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U.S. rallies stock on the first day of trading in 2011

U.s. stock markets were aboard in 2011, where they finished in 2010. Photo: Corbis

The S & P 500 was terminated on day 1. 13pc 1271.87, so that the Dow Jones Industrial Average closed up 0. 11670.75 8pc. Nasdaq also joined the rally after shares Apple reached a record level.

The price of oil also increased, while investors have continued dumping of obligations of the Government which began in December.

As traders made their way to work with what remains of the heavy snowfall that Manhattan was last week, feeling was supported by the latest sign that a recovery in the u.s. manufacturing sector continues to gain traction.

Institute manufacturing supply management index rose to 57 in December 56.6 but gained more strongly and production orders measures. "Growth becomes more balanced and less dependent on the inventory, as consumption, business investment cycle and improve exports, said Nigel Gault, Chief u.s. economist at IHS Global Insight.

Among the actions best - performing on Bank of America, which closed up to 6 4pc after agreeing to settle certain complaints on mortgages allegedly defective. General Motors, who returned the stock market in November after the bailout 50 billion $, also finished first day of trading 2011 more after analysts Goldman Sachs recommended investors buy shares.

Investors know that emerging markets helped buoy sales and profits for the American company since the financial crisis, but the last six weeks have seen a reversal dramatic feeling towards the United States. Which is triggered largely by an improvement in data since the end of the summer, and the fee of $854bn Cup package passed by Congress in the last weeks in 2010.

Alongside second $600bn Federal Reserve tours to mitigate quantitative, average reductions of taxes on the u.s. economy is beginning to 2011 with an amount unprecedented stimulus - say critical will be eventually practice as the deficit grows more.

Investors, for the moment at least, can instead focus on the fact that S & P has notched 75pc of earnings from the time that the index closed first trading day the year higher.

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Waves of oil price thanks to $110 for the first time in two years

German oil firm Wintershall has stopped oil production at its Sarah Libya photo oil field: AFP/GETTY.

Brent crude hit a maximum of $111.85 in London as he broke through the mark $110 for the first time since September 2008, so that benchmark crude for delivery April on the New York Mercantile Exchange rose more than 4 $ to $99.50 MIDI.

Major oil companies Western, such as the Italian firm Eni and Repsol-YPF the Spain suspended production in Libya, while UK giant BP began evacuating personnel.

Some analysts fear that NYMEX crude may break beyond its 2008 of approximately $147 record if political instability spreading to countries such as the Iran and Saudi Arabia.

Véronique riches-Flores, Societe Generale Economist said: "by pushing oil prices to highs of two years during the past 24 hours, Libyan riots gave a new dimension to the process of the revolution in North Africa."

She added: "resulted in the rapid spread of unrest throughout the region investors to imagine worse and become increasingly concerned about the risk of another oil shock in price."

Disorders are propagated Tunisia and the Egypt, but the Libya is the largest exporter of oil major to be affected by the crisis.

Hundreds of Libyans were killed in violent clashes between anti-government demonstrators and forces loyal to dictator Colonel Muammar Khadafi these days.

And as colonel Gaddafi refused to relinquish power, promising to fight for his "last drop of blood", the oil price continues to surge.

Howard Wheeldon, strategist over the BGC Partners said that he saw no price level inversion "long".

He added that market uncertainty caused by the tensions throughout the Middle East and the North Africa will grow Brent crude at $120 per barrel.

He said: "If the current political crisis will be enough to push the price above $147 a barrel level (90 pounds) record remains to be seen whether my opinion is that this will probably not tested yet."

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UK jobs 'reckoning' hits in first quarter

This quarter's Labour Market Outlook by the Chartered Institute of Personnel Development (CIPD) and KPMG said the employment index had fallen from plus +11 to -3 over the past three months. "Redundancies look set to rise sharply in the first quarter of 2011 public sector as Government cuts bite," said the report.

Gerwyn Davies, public policy adviser at the CIPD, said that early 2011 would be "a quarter of reckoning for the jobs market", reversing last year's modest recovery.

The report found that "redundancy intentions" had risen to their highest level since the survey began across the economy as a whole, with cuts planned 52pc of public employers and 77pc of local governments in the first quarter.

The longer-term 12-month index has also turned negative as employers adjust to the Comprehensive Spending Review, with a third of employers expecting to lay off staff over the course of this year.

Average pay in the public sector is expected to drop to -0.33pc, compared to gains of 2.3pc in the private sector where prospects are looking much better in manufacturing and private services. "Encouragingly, the private sector continues to generate new jobs, but we are some way off the jobs boom that we are all hoping for," said Mr Davies.

Malcolm Edge, markets chief at KPMG, said the survey showed a split-level economy for jobs, with the public sector "still fearing the worst" while the private businesses start recruiting again. "It is encouraging to see this resurgence in the manufacturing sector. However, the private sector recovery is not yet fully established and therefore remains susceptible to shocks," he said.

Job vacancies and career advice at Telegraph Jobs

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