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Forex · News · USMarket

NEWS / USMarket

USmarket After a small respite key indexes again directed upwards

18:01 08/29/2006

After inexpressive trade in the end of the last week, key stock indexes again directed upwards on Monday, supported by an optimistical spirit of investors.

The market was supported by last weather forecasts that storm Ernesto can pass by oil refining areas in Gulf of Mexico. It has to that oil quotations fell up to a level $70.55 for barrel.

 

Among corporate events the leaders are shares of Kinder Morgan company which since the beginning of the tenders rose in price at once 2.5 %. The reason of growth became information that one of the founders and the main executive director of the company - the operator of a network of pipelines in the USA and Canada, together with group of his colleagues and several investment funds exposed the offer on purchase of Kinder Morgan for $22 billion in view of a debt at a rate of $7 billion.

 

And news that oil company Western Refining Inc. plans to buy Giant Industries Inc. approximately for $1.22 billion led to rise of shares Giant by 14 %.

Google Inc. And eBay Inc. papers also rose in price 0.7 % and 2.6 % accordingly.

Let's notice that ealier papers of the largest Internet auction eBay grew about 3 % on the message on achievement of the exclusive arrangement with popular searcher Google concerning placement of text advertising on eBay sites.

 

News about sale by Ford Motors company, belonging to it English car factories of known marks Jaguar and Land Rover, are still in focus of expectation. As a result, at before trading session of Ford shares raised than more 1 %.

 

Intel Corp shares also were up 1 %. The reason of their growth was increase of a rating of shares of the manufacturer of semiconductors from Friedman Billings Ramsey from a level "level in line with the market" up to "better than the market".

 

Reduction of shares of the largest American steel company U.S.Steel could not affect much prevailing consumer moods. The company’s papers fell after Prudential analysts worsened their recommendation.

 

As a result Dow-Jones index of New York stock exchange was up 67.96 points and was closed at a level 11352.01. NASDAQ index rose 20.41 points and is at a level 2160.70. S&P 500 index grew 6.69 points and is at a level 1301.78.

And 30-years US Treasury notes’ yield grew 0.002 in comparison with the previous closing and makes 4.934.

 

Despite powerful growth of key indexes, we recommend, being outside the market while to adhere to a waiting position. Levels of opening of purchases of Dow-Jones and S&P 500 indexes futures while hold good.

 

 

 

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19/12 21.15
TickerBidAsk
USD/CHF1.15601.1562
GBP/USD1.99541.9956
USD/JPY113.4100113.4300
EUR/USD1.43521.4354
AUD/USD0.85770.8581
USD/CAD1.00521.0056
EUR/GBP0.71920.7194
EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
GBP/JPY226.3000226.3600
GBP/CHF2.30702.3080
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