Tuesday, June 14, 2016

Wall Street ends down slightly but resists depressed markets – Boursorama



Wall Street, January 15, 2016 (GETTY IMAGES NORTH AMERICA / AFP / File / SPENCER PLATT)

Wall Street, January 15, 2016 (GETTY IMAGES NORTH AMERICA / AFP / File / SPENCER PLATT)

According to final results, the index Dow Jones Industrial Average Featured yielded 57.66 point to 17,674.82 points and the Nasdaq, dominated by technology, 4.89 points 4843.55 points. The broader S & amp; P 500 was down 3.74 points, or 0.18%, to 2075.32 point

“The panic before the vote on a Brexit, next week. is manifested by a flight to safe havens, “summed Art Hogan of Wunderlich Securities, noting that it was the fourth consecutive session drop for the major indexes.

the barometer is looking good for the supporters of an output of the United Kingdom of the European Union which, in addition to being in the lead in the polls for the June 23 referendum, have garnered the support of Sun, the biggest-selling daily the country, causing a further fall in world stock markets.

However, “the markets have dropped less in the US than in Europe (…), which is quite logical since the impact will is probably not as important here, although it will be affected by any destabilization of the international financial system, “Mr. Hogan has noted, remarking in passing that the US statistics of the day had been good, especially on retail sales.

in the same vein, the US bond market fell back slightly, while the day was marked abroad by passing into negative territory ten years borrowing rate German debt , safe haven par excellence. Around 8:20 p.m. EDT, the yield on 10-year Treasury rose to 1.622% against 1.611% Monday evening, and that good for 30 years at 2.430% against 2.429% previously.

In the end on Wall Street, investors mainly take the risk of Brexit “as an excuse to take profits,” ruled Sam Stovall, Standard & amp; Poor’s Global Intelligence, further noting that the stock market remained behind “facing the Federal Reserve (Fed).”

The US central bank began a two-day meeting which will conclude on Wednesday by a decision Monetary Policy. If investors do not expect further tightening, they rely on the statement of the institution to determine whether it intends to raise rates as early as summer.

The week will also charge in monetary policy as central banks of Japan (BoJ) and England (BoE) will make their own decisions Thursday, there either without new measures likely appear before the vote on the Brexit.

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