Wall Street ended the first session of the week on a stable market rating, as investors preferred to abstain from any commitment on the eve of the two-day meeting of the Federal Reserve.
the rebound in financial markets after the turmoil of the beginning of the year and economic indicators which have allayed fears of a relapse in the US economy from recession reinforce the scenario advanced by the Federal Reserve itself a gradual increase in interest rate
the S & amp index;. P-500 now loses more than 1% since the beginning of the year, as he had yielded up to 10.5% mid-February.
“Let’s say it’s the calm before the storm. It’s probably not the day to make too big paris because we may have in the coming days information that changes the prospects, “said Jack Ablin (BMO Private Bank).
the Fed is not expected to change its rate Wednesday but investors will scrutinize his statements on the lookout for any evidence on economic conditions or changing interest rates.
the Dow gained 15.82 point (0.09%) to 17,229.13. The S & amp; P 500, wider, lost 2.55 point (0.13%) to 2,019.64. The Nasdaq Composite took 1.81 points (0.04%) to 4,750.28.
In general, central banks play a leading role this week, from Washington to Tokyo via London, the makers of monetary policy flap their cards to counter the slowdown in growth, the volatility of financial markets and deflationary pressures.
Values, Starwood Hotels & amp; Resorts Worldwide gained 7.82%. The hotel chain said Monday it has received an unsolicited takeover bid from a consortium led by China Anbang Insurance Group that values it at 12.84 billion dollars and could derail the merger with Marriott International . The latter has advanced 2.96%.
GW Pharmaceuticals soared 120.25%, its experimental drug to cannabis have successfully treated children with a rare form of acute epilepsy.
(Wilfrid Exbrayat for the French service)
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