Monday, July 25, 2016

Profit taking on Wall Street to start a busy week – Boursorama

Wall Street expects the decisions of the US Federal Reserve and the Bank of Japan (GETTY IMAGES NORTH AMERICA / AFP / File / SPENCER PLATT)

Wall Street expects the decisions of the US Federal Reserve and the Bank of Japan (GETTY IMAGES NORTH AMERICA / AFP / File / SPENCER PLATT)

according to final results, the index Featured Dow Jones Industrial Average lost 77.79 points 18,493.06 points and the Nasdaq, dominated by technology, 2.53 points 5097.63 points.

L ‘broader S & amp; P 500, considered by many as the most representative, lost 6.55 point or 0.30% to 2168.48 point

“There is some nervousness in. approach of the Fed meeting (Tuesday and Wednesday) and the results of the flood of companies’ expected this week, said Bill Lynch, of Hinsdale Associates.

“it was mounted for four weeks now, it is also an opportunity to pocket some profits, “said Lynch.

as for the Fed, whose monetary policy committee meets from Tuesday, “the market expects an outcome rather accommodative,” noted Charlie Bilello, at Pension Partners.

But “is it that the Fed will move in September?” if he asked, fearing upbeat comments on the economy destabilize the market by raising the dollar and see the end of easy money.

Some analysts believe that recent economic indicators rather favorable, optimism in stock markets and better corporate results than expected, could revive the monetary tightening intentions some months ago by Fed officials.

as the same time, European central banks and Japanese remain very accommodative, any hint of tightening expressed by the Fed may still make up a dollar, which has already increased significantly against the euro over the last ten days.

Now ” more the dollar rises, the more problematic “for markets, starting with those of raw materials, but also scholars, noted Mr. Bilello.

as for corporate earnings,” c is the biggest week of the season, “noted Mr. Lynch, with nearly 200 companies in the S & amp;. 500 P on the calendar

” So far, earnings have been rather better than expected, “noted Mr. Lynch, but they typically appear again in decline, which does not encourage risk-taking

-. timid Forecast –

on the corporate side, the transaction between the telephone operator Verizon and Yahoo !, the internet group that will sell him its core business through $ 4.8 billion, has dominated the news.

Verizon yielded 0.41% to 55.87 dollars and Yahoo !, which will keep its cash, a patent portfolio and its share in China’s Alibaba (-1.54% to 83.19 dollars on its new York listing) and Yahoo Japan, lost 2.69% to 38.32 dollars.

The maker of Huggies diapers and Kleenex tissues, Kimberly-Clark, fell 1.52% to 132.59 dollars despite a return to profit in the second quarter and good sales in North America, which allowed him to play down the negative impact of currency effects. It predicted very shy and disappointed investors.

The industrial conglomerate Danaher ended up on a small rise of 0.06% to 81.29 dollars. Its profits fell, but remained better than expected, and its revenue has increased despite an environment described as “difficult”. Its profit forecast for the current quarter and year were however disappointed expectations.

The network AMC Entertainment theaters lost 2.22% to 29.92 dollars after raising its competitor’s bid Carmike Cinemas (-1.41% to 30.69 dollars), 1.1 to 1.2 billion.

the bond market, rising during most the session, finished by fall. Around 8:20 p.m. GMT the yield on 10-year Treasury was displayed to 1.575%, against 1.567% Friday night, and that good for 30 years at 2.290% against 2.283% previously.


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