Wall Street opens higher, encouraged by the actions of … – Boursorama

Pedestrians walk past the New York Stock Exchange on October 15, 2014 (Getty / AFP / File / Spencer Platt)

Wall Street opened higher Monday, encouraged by the support measures unveiled by the Chinese authorities and businesses to better than expected results. Dow Jones gained 1.30% and the Nasdaq 0.89%

By 1400 GMT, the index Dow Jones Industrial Average Featured took 231.52 points 18,057.82 points and the Nasdaq, dominated by technology, 43.75 points 4975.59 point

The broader S & amp;. P 500, closely followed by investors , gained 0.92%, or 19.14 points to 2100.32 points.

On Friday, the US stock market had ended sharply lower, face concern taken to the difficulty of the negotiations between Greece and its creditors, after the results of lackluster business. Dow Jones lost 1.54% to 17,826.30 points and the Nasdaq, dominated by technology, 1.52% to 4931.81 point

“The Chinese central bank (PBOC) harvest most of the credit for this good disposition, which shows both how global markets are interconnected and global adoration for accommodative monetary policies,” remarked Patrick O’Hare at Briefing.com.

European markets were also on the upside.

China has indeed said Sunday a reduction in the reserve requirement ratio for banks in order to inject more liquidity into the system and support growth stalled in the second world economy.

In addition, “better than expected results from (the bank) and Morgan Stanley (the toy manufacturer) Hasbro helped solidify the optimistic sentiment that had fallen in the night,” said M . O’Hare.

The Morgan Stanley investment bank took 0.71% to 37.01 dollars after announcing a profit above expectations, up nearly 60% year on year for the first quarter. Taking advantage, like its competitors, the health of the brokerage and asset management business, the New York bank also displays a revenue increase of over 10% and above expectations.

“This is our best quarter in years, with improved results in all segments”, welcomed the CEO, James Gorman, said in a statement.

Hasbro for its share soared 7.57% to 70.88 dollars, having managed to generate a quarterly profit and revenue on the rise despite the rise in the dollar. Its performance is particularly remarkable compared with that of its competitor Mattel (-0.54% to 26.60 dollars), which had posted on Thursday a sixth consecutive quarter of decline.

Even the oil services group Halliburton was up (+ 2.86% to 48.23 dollars), despite a loss posted in the first quarter, following heavy loads largely related to the effects of lower oil prices.

The turnover for its part, declined 4% to $ 7.1 billion, with the collapse of crude prices, which led the major oil producers to reduce their investments and demand the price low as possible.

However, Halliburton has better resistance than its competitor Schlumberger (+ 0.93% to 93.72 dollars), the turnover released Thursday was part down 9%, leading him to wear 9000-20000 a job cuts plan.

Finally, the industrial and commercial property manager Prologis, which announced Sunday the acquisition of the portfolio of its competitor KTR Capital Partners (KTR) to $ 5.9 billion, took 0.51% to 43.10 dollars.

The bond market was hesitant. The yield on 10-year Treasury ebbing at 1.861% against 1.864% Friday night, and the 30-year bonds rose to 2.536% against 2.515%.

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