New York (AFP) – Wall Street ended in a disorganized Thursday left little lively despite a further devaluation of the yuan in China and a more favorable figure of US consumption: the Dow Jones took 0.03% but the Nasdaq lost 0.21%.
According to final results, the index Featured Dow Jones Industrial Average gained 5.74 points 17,408.25 points while the Nasdaq, dominated by technology, has . yielded 10.83 points 5033.56 point
Very followed by investors, the broader index S & amp; P 500 fell 0.13%, or 2.66 points to 2083.39 points.
The indices were hesitant throughout the session, orienting itself repeatedly in red and green, but never changed much.
“He n ‘There was nothing really upsetting, “admitted Jack Ablin, BMO Private Bank.
The day has yet been charged with indicators in the United States. The jobless claims rose more than expected last week, prices of imported goods fell last month while business inventories rose more than expected in June.
Above all, retail sales , one of the most anticipated figures by investors this week, rose at a solid pace in July, driven in particular by sales in the automotive sector.
“Retail sales were good, but this was not a big surprise, “Mr. Ablin relativized.
The markets scrutinizing these, and to a lesser extent other indicators because good data would be likely to encourage the Federal Reserve ( Fed) to raise rates in September and thus begin to reduce significant support to the economy.
After Thursday’s indicators, “nothing seems decided on this, especially as the Fed will having to take into account the devaluation of the yuan, which is perhaps likely to see a rise in rates in December, “ruled Bill Lynch of Hinsdale Associates.
China Thursday lowered the reference rate the yuan for the third day in a row, in a series of decisions considered as so many successive devaluations of the Chinese currency, which would restrict exports to the second world economy, even if the central bank Chinese s’ defends.
However, the market seems to react with more appeasement, especially because the Chinese central bank was careful Thursday to hold a press conference to say that a prolonged depreciation n . would have “no basis”
Basically, “China announced that it would be the last time she would relax its currency”, interpreted Mr. Ablin
. – Cisco climbs –
Among the values, the generic manufacturer Mylan yielded 2.06% to 54.22 dollars after announcing a change of approach Thursday against the refusal of the Irish Perrigo, that it wants to buy for more than $ 35 billion, to start negotiations. Perrigo gained 3.46% to 192.50 dollars on its listing New York.
telecoms equipment manufacturer Cisco has gained 2.87% to 28.70 dollars after the results better than expected, with an increase of nearly 15% of its net profit in fiscal offset.
News Corp., the media company and editing the Murdoch family, jumped 7.58 % to 15.19 dollars after the door opened Wednesday in abandoning its digital activities in education, who helped to pass it in the red.
The department store chain Kohl’s dropped 8.76% to 56.11 dollars after announcing a net profit almost halved in the last quarter.
The California manufacturer of luxury electric vehicles Tesla rose 1.82 % to 242.51 dollars after announcing its intention to raise up to $ 575 million by selling securities.
Coca-Cola fell by 0.39% to 41.10 dollars, without reacting much to the designation as number two James Quincey, the current head of its European operations, which revives speculation about the succession of the CEO Muhtar Kent.
The bond market fell slightly . Around 8:30 p.m. GMT (22h30 to Paris), the yield on ten-year Treasury rose to 2.188% against 2.149% Wednesday night, and that good for 30 years at 2.860% against 2.838% previously.
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