Wall Street opens slightly higher, helped by oil – L’Express

By 1400 GMT, the index Featured Dow Jones Industrial Average gained 67.39 points 18,643.86 points from levels never in session and the Nasdaq, dominated by technology, 20.67 points 5253.57 points. The broader S & amp; P 500 advanced 5.42 points, or 0.25%, to 2189.47 points.

On Friday, the New York Stock Exchange had ended in a disorganized after worse than expected economic indicators: the Dow had conceded 0.20% to 18,576.47 points, while the Nasdaq had established bit of a record for the second consecutive day, taking 0.09% to 5232.89 points.

Now, Wall Street rises and remains close to record levels, “ as oil prices provide support to markets continuing their rebound ,” wrote the experts brokerage Charles Schwab.

Already up the previous week, the oil market remains encouraged by the prospect of talks between Saudi Arabia and Russia, in a context of questions about a possible stabilization of the offer.

The Wall Street helps encouraging factor to assemble “ despite persistent concerns about global growth following a disappointing figure on gross domestic product (GDP) Japanese ” pointed out by experts at Charles Schwab.

After a 0.5% growth in the first quarter, the Japanese economy has stalled in the spring amid reluctance of companies to invest.

The macroeconomic news did not seem more exciting in the United States, where the main indicator of the day, the activity of the New York area, has been disappointing with a net contraction activity in August.

“ The main figure is disappointing (…) but this contrasts with almost all components “, relativized in a note economists Pantheon Macro, noting for example ‘encouraging trend in new orders.

“ In other words, the economy is fine but companies are still worried, perhaps because they are waiting to see the impact on their exports as a result of the referendum on Brexit + + “, in which the British voted in late June to leave the European Union (EU), they concluded.

– Xylem monte –

Among the values, the real estate background Post Properties jumped 8.41% to 67.45 dollars after announcing its acquisition for over three billion dollars by its Mid-America Apartment Communities competitor, which plunged 5.70% to 96.33 dollars.

Another notable acquisition, Xylem, a specialist in water treatment, took 2.81% to 49.81 dollars after announcing the acquisition for nearly two billion manufacturer of appliances Sensus measurement, unlisted.

The social network Twitter clinching 3.75% to 20.27 dollars after an article in the New York Times in which he discusses with the Apple Computer Group (+ 0.76% to 109.00 dollars ) for collaboration in the broadcast of sports events.

The bond market fell, the yield on 10-year Treasury amount to 1.539%, against 1.509% Friday night, and that good for 30 years at 2.264% against 2.228% previously.

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