Most of the major global indices have gained ground yesterday, after the announcement of a $ 10 billion support to Dubai by neighbor Abu Dhabi. This action removes the risk of bankruptcy of Nakheel, the real estate giant of the Emirate, which had been forced to seek a moratorium on its debt late November. The relief was sensitive markets. New York, the Dow Jones won 0.28, exceeding the bar of the 10,500 points (10.501,05 points) for the first time since October 1, 2008. The & Standard Poor's 500 rose 0.70, to 1.114,11 points, and the Nasdaq to 0.99, at 2.212,10 points.
US indices posted their fourth straight day of higher, energized by of recent economic news more promising on the front of the use and consumption. Yesterday, no economic statistics included in the program. The attention of investors focused on business news, moderated by advertisements in the field of mergers & acquisitions. ExxonMobil has launched a bid on a natural gas producer XTO Energy, valued at $ 41 billion (28 billion euros). It is the largest acquisition in the industry since 2006. The course of the target company flew 15.35, at the top of the S & P 500 increases while that Exxon has finished the meeting at-4,31.
Bad session for Citigroup
Moreover, to obtain the green light from the European competition authorities on its offer of 7.4 billion (5 billion) over Sun Microsystems, Oracle is committed to invest later in the databases of the software publisher. The two titles have benefited from these announcements. At the closing, Oracle earned 2.33 and Sun Microsystems 11. However, Citigroup retreated 6,33. The Bank will raise capital on the market and pay back $ 20 billion to the State for the aid granted during the crisis.
Meanwhile, Visa is awarded 4.22, for his entry in the S & P 500 index on 18 December, after closing. Philip Morris International is appreciated by 3.67, supported by a Goldman Sachs note, which has incorporated it in his list of favorite values.
According to Thomson Reuters, only 9 companies listed in the S & P index must publish their results this week. At this stage, the growth of profits expected in the fourth quarter for the broad Wall Street index is 210, according to the data provider. "If this forecast proves correct, this will be the first time that the & Standard Poor's 500 recorded annual growth since the second quarter of 2007", said John Butters, Thomson Reuters. Enhancement of us stocks, measured by the ratio expected, profits courses is currently 15.1. Yesterday, in Europe, the good news from Dubai have helped the DJ Stoxx 600 index to appreciate of 0.73, to 246,92 points, to its third consecutive session of gains.
The rest of the week includes several important appointments, including the meeting of the US Federal Reserve (Fed) monetary policy Committee, tomorrow evening. Stakeholders expect a continuation of the policy rate to 0.25 and will lend an attentive ear to any evocation of output of the device of non-conventional measures. The turpitudes of the Greece (read above) are also at the centre of attention for the European markets.
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