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NEW YORK, November 13 (Reuters) – Wall Street is over
rather than falling on Tuesday, the recovery of
technology, but which has dried up during the course of
of industrial values supported by the hope of an agreement
trade between China and the United States was hampered
by the decline in energy values.
These have been impacted by a sharp decline in prices
oil, light crude oil (West Texas Intermediate,
WTI) thus finding itself at its lowest level
for a year and their index left 2.39%, by far the
largest sectoral loss of the day.
On the other hand, the technologies allowed the Nasdaq index
Composite to finish slightly in the green.
The Dow Jones Index lost 100.69 points (0.40%)
25,286.49 points. The S & P-500, wider, has 4.04 cd
points (0,15%) 2,722,18 points. The Nasdaq Composite has
earned 1.38 points (0.02%) 7.202,24 points. The closing price
S & P-500 is the lowest since October 31st.
On the China-US trade issue, Larry
Kudlow, the first economic advisor to the US president
Donald Tump, said Tuesday that the United States was discussing
again with China on trade, a development that it has
described as "very positive".
A little earlier, the Wall Street Journal, citing
anonymous sources, reported that the US Secretary
Trsor Steven Mnuchin had discussed the trade Friday
by phone with Chinese Vice Premier Liu He.
Chinese President Xi Jinpin and Donald Trump need to
meet on the sidelines of a summit of the Group of Twenty (G20)
will hold in Argentina and investors hope that both
countries will agree on tariffs and foreign exchange
more generally, their confrontation on this issue
having heavily disrupted the financial markets this year.
"The (trade) question remains open, it's something
something that remains in the works, "said Bucky Hellwig (BB & T Wealth
Management). "It will continue to harbad the markets short
term, until it is solved ".
The "season" of the quarterly results is his last
91% of companies in the S & P-500 index have already
publish their accounts and 77.5% of them beat the
consensus, according to Refinitiv data.
The volume accounted for 8.2 billion securities traded, one
slightly more than the average of 8.4 billion of the last 20
Sances.
VALUES
The S & P Technology Index has ended
virtually unchanged, with a gain of 0.09%, and the Apple stock
who had returned to the field in
cd 5% Monday, finally ends on a loss of 1%.
Goldman Sachs lowered Tuesday's forecast by 6%
sales of iPhone and 3.5% its turnover estimate,
and finally bring back its price target of $ 222,209.
Industrials took 0.45%, in the
wake of gains from Caterpillar (+ 0.8%) and 3M
(+ 0.7%).
More impressive is the performance of General Electric
, who wins 7.7%, after announcing that he was going
raise nearly four billion dollars (3.54 billion
euros) by accelerating a project to sell a stake
in the parapet Baker Hughes as part of his
efforts to simplify its activities and reduce its
debt.
Home Depot curbs the Dow Jones
finally 0.24%, after signaling a slowdown in
real estate market in the United States and says that tariffs
could raise prices and hinder
request.
Boeing cd 2.1%, with Indian investigators having
discovered that the situation that would have
the crew of a Lion Air aircraft lost in the sea
Java was not included in the flight manual.
INDICATORS OF THE DAY
No major US economic indicator has appeared
Tuesday.
THE SESSION IN EUROPE
Major European stock markets ended up
Tuesday, the favor of hopes of relaxation on the commercial front
between Washington and Beijing, a rebound in values
technological advances and advances on the Brexit file, which have
allowed to offset the impact on the oil sector of the
falling crude prices and tensions in Italy.
Paris, the CAC 40 ended on a gain of 0.85%
5,101.85 points, and the German Dax took 1.3%. The
British footsia was penalized by the
the strength of the pound sterling, with hopes of agreement on
Brexit, and ended practically unchanged (+ 0.01%).
The EuroStoxx 50 index was 0.96%, the
FTSEurofirst 300 gained 0.75% and the Stoxx 600
took 0.67%.
RATE
The ebb of oil prices weighed on the yields of
Treasuries, by its disinflationary aspect, encouraging the
Federal Reserve remain progressive in its movement of
monetary standardization.
Bond yields of two, 10 and 30 years have
finished their lowest level since November 2nd.
The US bond market was closed Monday for the
Veterans Day.
The decline in yields has been somewhat
good news on the Brexit front.
The negotiators of the European Union and the
Britain finally agreed on a draft agreement
of Brexit as British Prime Minister Theresa May
will present its ministers on Wednesday, less than five months from
official date of the divorce.
EXCHANGE
The good news on the Brexit front allowed a
rise in the euro and sterling, thereby triggering
profit on the dollar which had reached a peak of 16 months on Monday
of 97,693 against a basket of reference currencies.
The dollar index thus left 0.15% 97.397.
The euro gained 0.34% to 1,12570 dollar, after having
registered Monday 1,1216, a low since June 2017.
On the other hand, it was 0.48% 86.885p, after
to have fallen in the day 86,82 pence, to the lowest since the
April 26th.
The sterling took 0.82% to 1.2955 dollar, while he had
almost 1% Monday.
OIL
Oil prices ended sharply lower Tuesday on
New York Nymex, with US crude contracts
levels that had not been seen in a year and
contracts on Brent that have hit ground since
last march.
THINGS TO LOOK FOR WEDNESDAY 14 NOVEMBER: [USN nL8N1XO3BP]
GDP day, start with the Japanese in the night of
Tuesday, followed by German, 7:00 GMT, and the one
of the euro zone, 10:00 GMT.
(With Sruthi Shankar, Stephen Culp, Richard Leong, Gertrude
Chavez-Dreyfuss, David Gaffen
Wilfrid Exbrayat for the French service)
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