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| Wall Street began rising, anticipating the economic recovery | |||||
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The broader index Standard & Poor's 500 has also made 0.78% (7.25 points) to 934.70 points. After some hesitation in the morning on the way forward, the indices on Wall Street are divided on the rise, continuing the momentum begun last week and stopped on Monday by a modest decline. "The market anticipates the comprehensive plan to revive the economy" that Barack Obama is preparing, "said Owen Fitzpatrick of Deutsche Bank. The U.S. president-elect, who takes office on January 20, brought together his economic team Monday and said that "most" of his plan would be ready by the first week of February. Also supporting the market, the minutes of the last meeting of the U.S. central bank have shown that it remains determined to defend the economy ", stressed the analysts Charles Schwab. Consequently, "we see a lot of money out of safe investments + + and defensive sectors such as health, to refer to the sectors most sensitive to economic conditions, such as technology," noted Owen Fitzpatrick. Refuge of the investor concerned, the bond market has fallen. The good performance of 10-year Treasury rose to 2505% 2488% against Monday night, and one to 30 years to 3069% 3040% against the previous day. In the pharmaceutical sector, Merck lost 1.83% to 29.97 dollars and Pfizer 17.80% to 1.98 dollars. By contrast, in the technology sector, Hewlett Packard rose by 8.20% to 39.31 dollars, Dell 4.05% to $ 11.04 and the site for online sales Amazon to 6.20% 57.38 dollars. Other values massacred in 2008 which increased the bank Citigroup took 5.37% to 7.46 dollars, and Morgan Stanley 11.12% to 19.58 dollars. However, to Mace Blicksilver of Marblehead Asset Management, "there is no great conviction." "The market is seeking its brands with the new year is like entering a dark room, on the walls palpe to locate itself," he explained. According to the analyst, the market was pushed to the caution before the release, Friday, monthly figures of employment in the United States, very feared. "As long as investors have not been able to see these figures, it will be difficult to climb very high," he said. Wells Fargo bank has sold 1.85% to 27.54 dollars. The rating agency Moody's has lowered two notches his note to translate its financial strength lower after acquiring its rival Wachovia. The Dow Chemical gained 6.64% to 16.05 dollars. He indicated that in discussions with other parties interested in its basic chemicals, a few days after the announcement of the failure of his proposal to transfer these activities to a company co-owned with a fund of Kuwait. |
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