paris (reuters) – the new york stock exchange opened up wednesday, the dow jones industrial average was started for the first time above the symbolic points, benefiting both companies strong results and new hope on the tax reform announced by donald trump.
a few minutes after the start of trading, the dow’s 112.78 points, or 0.49%, 23.110,22, after a peak in 23.120,44. he had a short meeting in the bar, but was closed just below.
the standard & poor’s 500 largest is 0.13% in advance, and the nasdaq composite 2.562,69 from 0.11% to 6.630,81. the one and the other have also written records.
ibm, one of the 30 values of dow, 7.88%, the highest for more than five months after the publication of its quarterly results, with a turnover in excess of the consensus, and accompanied by a positive projection.
the giant of the pharmacy and health, abbott laboratories, accounts for 1.4% following a better than expected profit and the increase of its annual forecast.
above results, the stock market has been in the hopes of releasing the congressional discussions on the draft reform of the white house, the republicans, the senate elected, two to a draft budget which, if passed, would allow for the adoption of a tax reform in the next few months.
the dollar and rising bond yields
on the foreign exchange market, the dollar continued to appreciate against the reference to a basket of currencies. the euro is around $11775.
if the date of the day is to let the release of the fed beige book (1800 gmt), who will report on the economic situation in the next two weeks of monetary policy, the dollar is also speculation on the chair of the us central bank.
treasuries yields are also rising, the highest since october 2008 for two years, in 1567 and the difference between the american and german yields two years has reached its highest level since february 2000.
according to the barometer fedwatch cme group, the estimated probability of a rate increase in december was above 93%, an increase of more than 10 points in a week.
in europe, the market shares were in the green at the time of the commencement of the stoxx 600 index of wall street, was 0.35% and the cac 40 in paris was 0.52%.
oil, has increased its earnings after the reuters news that opec is in favour of an extension of the framework agreement, nine months of production. the brent is trading at more than 58,30 dollars per barrel, an increase of 0.8%.
(patrick vignal and marc angrand)
copyright & copy;, thomson reuters
Translated by forexguides.info Team