Wall Street higher after Fed
Markets dissect ads Fed on Tuesday. The latter said that economic conditions continue to ensure the maintenance of interest rates to extremely low "for a long time." The Fed maintains its policy rate in the range from 0 to 0.25%. The institution also believes that "the job market is now stabilizing.
Investors reacted without enthusiasm to these ads. Around 19h25, the Dow Jones climbed 0.32% to 10,676 points while the Nasdaq is 0.57% at 2376 points. The S & P 500 gained 0.61% to 1157 points.
In addition, import prices in the United States declined slightly more than expected in February by 0.3% from the previous month after rising 1.3% in January, according to the Labor Department.Analysts expected a decline somewhat less pronounced, 0.2%.
Housing starts and housing issuing of building permits in the United States also fell in February by 5.9% from the previous month, falling to 575,000 units annually. But with very bad weather that hit much of the country, analysts expected a sharper drop, to 570,000.
Good news in Europe
Reassuring news came from the rating agency Standard and Poor's.This continued Tuesday in the long term rating of BBB + from Greece and announced not to consider a decrease in the short term, but accompanied the confirmation of a negative outlook.
Moreover, in Brussels, the Finance Ministers of the European Union have "supported the evaluation by the European Commission to the budgetary situation of Greece", says European Commissioner for Economic Affairs, Olli Rehn.
The news has boosted European markets … and the euro. The European currency climbed from 0.64% to 1.3760 dollar.
The bank in the viewfinder
In all cases, caution is needed, particularly for the banking sector the most significant announcements of monetary policy committee of the Federal Reserve easy payday loans .Especially as yesterday, Democratic Senator Chris Dodd has introduced a text aimed at reforming American finance which seeks consensus. But he does not yet collect no Republican support. JP Morgan Chase (-0.20%), Goldman Sachs (0.66%) or Bank of America (0.71%) react in an uncoordinated manner.
On the side of values, PepsiCo (-0.14% to 66.06 dollars) announced after the close of Wall Street yesterday, up 7% of its dividend and authorized a new share repurchase 15 billion dollars before June 2013. This new program replaces the $ 6.4 billion, which expires next June.
Similarly, Limited Brands (Victoria's Secret, Abercrombie & Fich …) has announced a special dividend of $ 1 and approved a share repurchase of 200 million dollars.Securities climbed 4.43% to 24.77 dollars.
Also in the luxury sector, the parent company of Calvin Klein, the Philips-Van Heusen (1.64% to 53.30 dollars) announced yesterday the acquisition of the brand casual wear Tommy Hilfiger fund of British investment Apax Partners.
Google (0.53% to 566.16 dollars) could close its search engine or a part of its activities in China. The U.S. group would be safe "99.9%" to abandon its Chinese search engine, reported the Financial Times and the Wall Street Journal this weekend.
The results of FedEx (+0.21%) for the third quarter are expected Thursday. The numbers of specialist couriers are expected.They usually figure advanced barometer of business activity.
The record company Sony (-0.32% to 37.49 dollars) has signed a contract worth 250 million dollars to the heirs of Michael Jackson until 2017 to distribute new and derivatives of the "King of pop, died last June, the Wall Street Journal, citing sources familiar with the matter.