02
Sep

Wall Street would bounce open

Posted by admin

Equity markets in the United States should try to regain a little high on Wednesday. The index futures are predicting a higher opening on Wall Street indices. Futures on Standard & Poor's 500 and Nasdaq 100 advancing in effect respectively by 1.13% to 1 060.10 points and 1.37% to 1 790.75 points.

On Tuesday, the New York Stock Exchange finished the session in a disorganized. The Dow Jones finished almost in equilibrium, snatch + 0.05% to 10,015 points, and narrowly escaping the threshold of 10,000 points. In contrast, the Nasdaq fell 0.28% to 2114 points while the S & P finished up 0.04% to 1049 points. In August the Dow Jones fell 4.3%. This is his worst August since 2001. The S & P has declined 4.7% and Nasdaq 6.2%.

On the foreign exchange market, the euro was reviewing in the morning above $ 1.27 amid a persistently strong yen.The euro is also reflected against the yen at 107.27 yen against 106.79 the previous day.

The economic figures on the radar screens

On the macroeconomic front, investors expect the figure including the growth of manufacturing. They watched the figures also ADP employment in the private sector that will be published to 14.15. They give a first overview of the situation on the labor market in the U.S. before the official figures on Friday. Concerned about the fragility of U.S. recovery, the White House announced Tuesday it was preparing a new economic stimulus package it will announce in the next few weeks.

Apple waited for his iPod

On the side of values, the U.S. computer giant Apple might unveil an updated version of its iPod portable.Apple has emailed his invitations for a special event that day, Wednesday, September 1, revealing virtually nothing other than the date and place, the Yerba Buena Center in downtown San Francisco.

The online store Amazon U.S. attempts to launch a service that would give customers who pay a subscription service unlimited access to television and movies via the Internet, says the Wall Street Journal reported on its website.

Burger King sale?

Also according to the Wall Street Journal, the group of Burger King Holdings plans to sell and has been in discussions with the aim of possible buyers. Burger King, whose market capitalization is $ 2.3 billion (1.8 billion euros), is the stock exchange since May 2006.The group was previously held by groups TPG, Bain Capital and Goldman Sachs had bought British drinks group Diageo in 2002 to 1.5 billion dollars. The newspaper, Britain's 3i is among the candidates concerned.

Always on the side of values, the British oil giant BP, which is listed on Wall Street this morning announced it would sell its interests in petrochemical operations in Malaysia Petronas local group for $ 363 million.

Several companies are announcing results including the HJ Heinz food groups and Brown-Forman, maker of Jack Daniel's whiskey.

Also note, the U.S. Federal Reserve (Fed) approved Tuesday the purchase by the Chinese sovereign fund China Investment Corporation (CIC) of 10% of the voting rights of the investment bank Morgan Stanley.

Comments are closed.