Wall Street keeps up with the increase
February 10, 2010
The rebound is confirmed to the NYSE. On Tuesday, the Dow Jones closed up 1.52% to 10,058.64 points and found the threshold of 10,000 points on which he fell yesterday after a volatile session. The Nasdaq finished up 1.17% to 2150.87 points and the S & P 500 gained 1.30% to 1071.51 points.
The market sees a good eye on the ads that could likely be made Thursday at the European summit. "There is growing speculation about a possible rescue plan for the EU to resolve the debt problems of Greece," said Scott Marcouiller, Wells Fargo Advisors.
Tonight, Wall Street's gains accelerated after reports that key European governments seraint agreed on the principle of aid to Greece.According to FT Deutschland, Germany is preparing a plan of aid to Greece, which include bilateral measures, and measures at the European Union. "This is good news for the market if the crisis could be resolved without contagion," said Owen Fitzpatrick of Deutsche Bank.
These rumors have also boosted the euro, which fell Friday by $ 1.36. At closing, it goes up from 0.97% to 1.3785 dollar.
The market is also awaiting the announcements of Ben Bernanke. The Fed chairman, heard by the Congress tomorrow, Wednesday, should clarify the scenario to end the crisis at hand. It would reveal a timetable for lifting the exceptional measures of the Federal Reserve. In other words, the issue of rising rates will be discussed.
As for commodities, oil prices climbed in New York.The barrel of light sweet crude for March delivery ended at 73.75 dollars, up 1.86 dollars from Monday's close.
Coca-Cola, McDonalds and Warner Music have published
The U.S. producer of soft drinks Coca-Cola has released Tuesday a net profit up 55% in the fourth quarter to 1.543 billion dollars, corresponding to market expectations, and an annual profit up 18% to 6.824 billion dollars . Strong volumes in Latin America in particular have offset a contraction in the North American market. In exchange, the title ends up 2.58% to 54.01 dollars cash advance now .
The restaurant chain fast food, McDonald's has reported that its January sales rose 2.6%, with a decrease of 0.7% in the U.S. and an increase of 4.3% in Europe, Asia and Middle East.Moreover, the Japanese subsidiary, McDonald's Japan announced the closure within a year of 430 restaurants. The title climbed 1.03% to 63.57 dollars.
The first Japanese airline Japan Airlines (JAL), has struck late Tuesday between rival bids U.S. American Airlines and Delta Air Lines, preferring to strengthen its partnership with the first and remain a member of the Oneworld alliance, to the chagrin of SkyTeam.The action Delta Airlines out the cash once: 10.13% to 12.39 dollars.
Regarding Toyota (+2.40% to 74.60 dollars), the U.S. Secretary of Transportation, Ray LaHood, said Tuesday that "Toyota to recall its commitment" to take seriously U.S. concerns for the safety of its Cars, after the new vehicle recall announced by the Japanese group.
Biogen Idec (2.37% to 54.09 dollars) reported adjusted net income of $ 345 million for the fourth quarter 2009, up 29%, earnings per share increased to 1.20 dollar. In all of 2009, the group has earned an adjusted earnings per share of 4.12 dollars on revenues up 7% to 4.4 billion dollars.
Warner Music Group (4.80% to 5.02 dollars). Made a loss of 17 million dollars in the first quarter of 2009-10, against a profit of 23 million a year ago.Earnings per share rose 15 cents to -11 cents, a loss but a bit less than expected.
Electronic Arts (-8.75% to 15.96 dollars) announced Monday evening after an exchange loss of $ 82 million, or 25 cents per share against $ 2 a share last year. The expected losses were by consensus of 31 cents per share. The turnover is down 25% to 1.24 billion against 1.34 billion expected.
Hartford Financial Services (-4.77% to 22.34 dollars), the U.S. insurer, also released yesterday a profit of 557 million, or $ 1.19 per share against a loss of 2.71 dollars per share last year.
Sorry, comments for this entry are closed at this time.