Wall Street expected to open in the green - January 5, 2010
Wall Street should begin the first meeting of the year on a positive note, while Ben Bernanke and Donald Kohn, respectively president and vice-chairman of the Fed (U.S. central bank), who spoke yesterday, stressed that the rates interest should remain near zero in the months ahead.
The index futures on Dow Jones, to 14.30, taking 0.55%, to 10,422 points. The Future S & P 500 gained 0.59% identically, to 1117.3 points, and Nasdaq 100 future, less shy, wins 0.98%, to 1877 points.
Earlier this morning, Asian stock markets have evolved piecemeal. But the Nikkei in Tokyo was able to distinguish themselves, rising 1.03%, buoyed by the rebound of Japan Airlines.
This afternoon, 15 hours, will be released the ISM manufacturing index for the month of December. This statistic is on a survey of purchasing managers in manufacturing."The PMI index summary of the investigation, expected to recover, indicating that industrial activity has picked up in late last year and that conditions continue to improve, analysts said Aurel BCG. Wednesday Specifically, the ISM will release the same survey the rest of the economy.
During the rest of the week, investors will turn their attention to the minutes of the Fed in December. The debate could be sharp: the report should provide explanations on the choice of means and proposed guidance on the timing of the implementation of drainage of excess liquidity."Considered the first phase of" normalization "of monetary policy, removal of masses of liquidity injected to address the financial crisis will be interpreted as a scout for the first increase in rates," continued strategists.
Will also be peeled, the employment figures in the month of December (Thursday), following the upturn in November.The state's housing market (sales promises Tuesday) and construction costs.
Lower costs at Wal-Mart
On the values front, Alcon should be viewed as the Swiss pharmaceutical group Novartis announced this morning have purchased an additional 52% stake in Alcon from food giant Nestle for $ 28.1 billion.
A follow too, Chesapeake, which has created with the French Total group a joint venture through which Total will contribute to Chesapeake for the acquisition of 25% of the portfolio of the U.S. in the Barnett Shale, a $ 800 million to finalize the deal, signed December 30.
Furthermore, the agro-food giant Kraft Foods U.S. would consider raising the hostile bid it has made since last November 9 to get their hands on Cadbury, according to the British Sunday Times.
Then, the head of Wal-Mart's Eduardo Castro-Wright, has announced its intention to reduce its costs in the Financial Times. The official estimated that the costs could be reduced by 5% to 15% in five years.