Wall Street seeks rebound
Posted by adminThe indexes are volatile on Wall Street Monday. After starting at equilibrium, the Dow Jones returns to the 12,000 points mark and goes up from 0.70% to 12,020 points in the morning. S & P and Nasdaq rising 0.86% respectively in 2675 and 0.61% points to 1276 points.
This hesitation is tinged with nervousness in many markets, on both sides of the Atlantic, while determining opens one week in Greece. The vote on Wednesday and Thursday by the Greek Parliament, the new austerity plan imposed on the country already focused the attention of investors.
In this tense atmosphere, the euro regained a little against the dollar, while still fears of contagion in the eurozone. To 15 hours, the single European currency was worth 1.4199 dollars against 1.4190 dollars on Friday evening at 21 hours.For their part, oil prices fell Monday at the opening in New York, still within the scope of the decision of consuming countries to market crude oil dipped into their reserves. To 15 hours, on the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for August delivery traded at 90.51 dollars, down 65 cents from Friday.
Household spending disappointing
On the macroeconomic front, consumer spending of U.S. households were unchanged in May for the first time in nearly a year, while revenues increased 0.3%, slightly less than expected, according statistics released Monday by the Commerce Department. Adjusted for inflation, spending fell by 0.1% in May for the second consecutive month.The decline in vehicle sales after the disruption of production caused by the earthquake of March 11 in Japan may explain the decline.
The PCE price index base (core) has also increased by 0.3%, its biggest increase since October 2009, after growing 0.2% in April. On an annual basis, the index closely watched by the Federal Reserve, rose 1.2% against 1.1% the previous month.
"These are disappointing figures: the actual use sign its second decline after a strong increase in the first quarter," said Inna Mufteeva, an economist at Natixis, saying "more concerned about the risks to the short-term economic recovery. "
Other indicators U business card.S. manufacturers are also expected this week.And they may not much reassure investors already worried about the slowdown out of global growth and problems, ever more acute, the European sovereign debt.According to analysts at Aurel BGC, regional surveys of manufacturing, Dallas (Monday), of Richmond (Tuesday), then Chicago and Milwaukee (Thursday) could further deteriorate.
The ISM manufacturing index for its national will on Friday, as car sales in June and the numbers of the activity in the construction sector.
Nike and Black & Decker to a
On the corporate side, Nike (0.91% to 81.92 dollars) will publish on Monday, before the market opening results for the fourth quarter, before an information day, from Tuesday, with analysts, on these results and the long-term strategy around the CEO, Mark Parker at the headquarters of Beaverton (in Oregon).
Stanley Black & Decker (1.49% to 70.31 dollars) also adds that on Monday the offer made by the Swedish Securitas Niscayah of his compatriot, a supplier of safety equipment, with a proposal valuing the company a , 2 billion, including debt.
Treatment of diabetes developed by Bristol-Myers Squibb Lab (-0.50% to 28.79 dollars), in conjunction with AstraZeneca, was effective in a study over two years, but an increasing number of cases of bladder cancer or breast cancer was observed in patients.
Philip Morris (0.39% to 65.36 dollars) is threatening to launch legal action against the Australian government, which intends to impose on tobacco packaging generic without distinctive logo, to fight against smoking.
Facebook weigh $ 70 billion
Note that the investment fund Capital GVS took a small stake in Facebook, valuing the social network about $ 70 billion (49 billion euros). The fund said Monday it has bought 225,000 shares at an average price of 29.28 dollars each.
The number of outstanding shares of Facebook is about 2.4 billion, according to data specialist Sharepost. Facebook leaders consider an inevitable IPO but are silent on his calendar. At $ 70 billion, Facebook is valued slightly below Amazon. Com, Cisco Systems or Hewlett-Packard.