Wall Street was interrupted by a series of falls – Money.pl

Wall Street was interrupted by a series of falls – Money.pl

2014-10-14 22:10

[Photo: Xinhua / eyevine / EAST NEWS]

session on Wall Street has brought little change after the declines of the previous session. To encourage investors purchasing shares of better-than-expected quarterly reports of several large American corporations.

– Behavior exchanges ultimately depends on the performance of companies. It is therefore good news for investors that the first few quarterly reports that we saw were better than expected – rated John Canally, an analyst at LPL Financial.

Over 50 companies included in the S & amp; P 500, has scheduled the presentation of financial reports for the third quarter this week. The market is expecting 4.8 percent. net profit growth yoy American companies – according to a survey conducted by Bloomberg. Revenues Bloomberg consensus implies an increase of 4.2 percent. yoy.

better than expected results gave company Johnson & amp; Johnson. The Company recorded in the third quarter adjusted earnings per share of $ 1.5. Analysts expected earnings per share of $ 1.44. The company also raised its forecast for profit this year.

His results also reported several large banks. Profit Citigroup Inc. amounted to 1.15 cents per share. Analysts had expected a profit of 1.12 cents per share. Wells Fargo & amp; Co. recorded a net profit of $ 1.02 per share, in line with market expectations. Earnings per share amounted to JPMorgan Chase $ 1.36 per share expected by analysts to gain 1.39 per diluted share.

Correction on Wall Street

S & amp; P 500 lost from their highs of mid-September already around 6 percent. and investors sold shares on a wave of concerns about a slowdown in the global economy. On Monday, the index has broken important support level of 1,905 points., Where he now runs a 200-session moving average.

risk aversion adopted a rather extreme sizes and saw a sharp sell-off. But you can not keep this dynamic inheritance. Concerns about the slowdown in the global economy will affect heavily on the United States are exaggerated. We know that the Fed will raise rates per cent. only when the macro data will be beneficial – rated Thomas Thygesen, Skandinaviska Enskilda Banken analyst.

Problems in the euro zone

Once again disappointing in Tuesday macro data from Germany. ZEW index, which measures expectations for economic growth in Germany, fell to minus 3.6 points. with 6.9 points. a month earlier. This is the 10th consecutive month decline in the index and the first negative reading of the index since November 2012. Analysts had expected the index at 0.0 points.

ZEW Experts expect that the economic situation in Germany will deteriorate further in the medium term. The causes of weakness are geopolitical tensions and weaker-than-expected performance of many economies in the euro zone wrote in message ZEW president Clemens Fuest.

The German government lowered the economic growth forecast for Germany for 2014 of 1.8 percent. to 1.2 per cent. Next year, growth is expected to be 1.3 percent. instead of the previously announced 2 percent. – New forecast assumes the German government.

Industrial production in the euro zone in August fell by 1.8 percent. mom, while previously increased by 0.9 per cent., after adjustment. Analysts expected that the production of mom drops by 1.6 percent.