Increases in the US after China’s central bank decision – Onet.pl

At the close of the Dow Jones Industrial rose by 1.17 per cent., To 18,034.93 points.

S & amp; P 500 gained 0.92 percent. and amounted to 2100.40 points.

Nasdaq Comp. increased by 1.27 per cent. and amounted to 4994.60 points.

The S & amp; P 500 ended last week a decrease of 1 percent. and the discount gained momentum at the end of the week on the wave of new concerns about the possibility of a Greek default and after reports from China, where it has been generally tighter trading.

The mood at the beginning of the week but improved after the decision of the Central Bank of China, which has decided to lower the reserve requirement banks. The level of mandatory reserves was reduced by one percentage point to 18.5 percent. and it was his strongest decrease since November 2008.

“The markets still have very good conditions. The monetary policy of central banks is very favorable and this situation will continue in the near future “- said the manager of Michael Kapler Mittelbrandenburgische Sparkasse.

American companies continue publishing the quarterly results. On Monday, a report presented Morgan Stanley. Bank recorded in the first quarter. 2015. Adjusted earnings per share of 85 cents. Analysts had expected the profit of 78 cents per share. Better than expected were also the company’s revenues. Course Morgan Stanley gained after the results.

Heavily gained Hasbro course. The company also announced on Monday the results that were better than expected net profit and revenue. Earnings per share of the company was in the first quarter of 21 cents and was higher than the consensus estimate by 8 cents

Estimates Reuters shows that by the end of last week, about 75 per cent. companies included in the S & amp; P 500 showed the results for the first quarter, which proved to be better than expected. The net profit of US companies is approximately 6 percent. higher than consensus. 53 per cent. Companies, however, disappointed at the level of income.

In March, the index decreased activity in the US economy NAI (National Activity Index ). The index fell in March to minus 0.42 points. from minus 0.18 points. a month earlier after adjustment. Analysts expected the indicator at plus 0.10 points.

William Dudley branch president of the Federal Reserve of New York Monday’s speech emphasized that the results of the US economy will be the determining factor in the decision to raise interest rates by the Fed.

” It is whether the Fed will raise rates in June, October and December do not really have much meaning. Fed decides to raise only when it is certain that the economy will be able to cope with higher interest rates “- assessed on CNBC Maris Ogg, president of Tower Bridge Advisors.

In the spotlight are negotiations with international lenders indebted Greece. According to the IMF representative Poul Thomsen Europe in recent days, they took a little more dynamic.

The interviewees, however, “still far from the target,” and to reach an agreement will be needed much more progress – rated Thomsen published on Monday in an interview with the German business daily “Handelsblatt”.

During the weekend, ECB President Mario Draghi said, however, that the Greek ending money and that the country can declare bankruptcy.