Declines on Wall Street. Season ends earnings – Money.pl

2015-05-11 22:56

[Photo: UPI Photo / eyevine / EAST NEWS]

Monday on Wall Street indices saw minor declines. Investors followed the progress of negotiations on Greece and are awaiting important macroeconomic data in the second part of the week.

At the close the Dow Jones Industrial fell 0.47 per cent., To 18105.17 Section. S & amp; P 500 lost 0.51 percent. and amounted to 2,105.33 points. Nasdaq Comp. It fell by 0.20 per cent. and amounted to 4,993.57 points.

– Now, when presenting the quarterly reports season is about to end, the most important macroeconomic data will be because it just looks at the Federal Reserve (Fed) – said Maris Ogg Tower Bridge Advisors.

In her view, the Fed is convinced of the economic expansion and probably raise interest rates this year.

Among the most anticipated in the markets for publication are data on retail sales for April (expected to increase by 0.2 percent. MoM), which are to be presented on Wednesday.

On Thursday, investors will learn reading the April PPI (expected to increase by 0.1 percent. mom), and is scheduled for Friday publication of data on industrial production in April (consensus implies no change pointer mom in April), and a preliminary reading Michigan confidence index for May (expected to increase to 96.3 points. with 95.9 points. in March).

On Monday also closely observed the situation in Europe, where euro zone finance ministers conducted negotiations with indebted Greece, concerning the payment of the last tranche of the country with the second scheme of € 7.2 billion. Without it, Greece threatens insolvency and, consequently, also speculated on its possible exit from the euro zone.

According to EU Commissioner. Economic and Monetary Pierre Moscoviciego recently improved the atmosphere and the organization of talks with Athens. – When it comes to the content of the negotiations, there are some progress, but there are still important points that we need to address. For the Greek side meeting is an opportunity to provide their partners that they are committed to the agreement – said Moscovici.

Among the information the companies in the spotlight found himself Noble Energy, which agreed to buy the company Rosetta Resources for approximately 2 , $ 1 billion. The transaction will allow this oil and gas producer access to two large shale gas formation in Texas. After the announcement of this transaction the shares of Noble Energy has lost about 5 percent.

The season ends with the publication of the results of companies in the US, which turned out to be better than initial forecasts. Based on current estimates show that companies from the S & amp; P 500 profits probably will grow 0.2 percent. in the first quarter against the previously expected 5.8 percent decline. However, analysts still forecast a loss in the next two quarters.