Wall Street on the rise – investors hope for financial blessing of the central banks

New York Stock Exchange

The New York Stock Exchange building on Wall Street in Manhattan.

(Photo: AFP)

new York In anticipation of further cash injections of the central banks and new economic aid investors have come to the conclusion of the week back from the cover. The Dow Jones Index of Standards closed 1.2 percent higher in New York on Friday at 25,886 points. The broader S & P 500 gained 1.44 percent to 2888 points. The index of the technology exchange Nasdaq rose by 1.67 percent to 7895 points. The Dax had gained 1.3 percent to 11,562.74 points, the EuroStoxx50 1.4 percent to 3329.08 counter.

In the markets, the probability that the US Federal Reserve (Fed) at its meeting in September, the key rate down by half a percentage point down, now estimated at one-third. US Federal Reserve Banker Loretta Mester is more open than before for a rate cut. The reason is that a trade war between the US and China and the slowdown in global growth could throw the economy off the track, said the head of the Cleveland Fed in an interview with Reuters. "I could imagine scenarios in which we keep interest rates stable. I could imagine scenarios where we lower the rates. I think we just have to take the time to examine the situation very closely. " Mester had rejected the interest rate cut last month.

The European Central Bank (ECB) is also expected to step down in the face of trade disputes and signs of slowing in the economy. Stockbrokers also found plans by the Beijing government to increase the disposable income of workers to stimulate the economy.

Boosting the stock exchanges were also statements by US President Donald Trump on the trade dispute with China. He does not expect reprisals by Beijing in response to the planned tightening of US punitive tariffs, but rather with a quick agreement. However, a sustained recovery is not to be expected, warned market analyst Milan Cutkovic from broker AxiTrader. "Investors remain torn between hopes for a rapprochement between the US and China in the trade dispute on the one hand, and fears of a recession on the other."

Single values ​​in focus

The good mood was also helped by price gains in the chip stocks, after Nvidia had positively surprised with his figures. The papers rose 11.24 percent. Other semiconductor stocks, including Advance Micro Devices, Micron. Intel up to 1.6 percent. The technology giant Apple was able to gain 5.09 percent.

After pre-market losses, the shares of Deere & Co by three percent. The US tractor manufacturer posted lower-than-expected quarterly earnings and lowered its guidance for the full year.

One day after the spectacular collapse of General Electric the shares have stabilized. The papers rose six percent after losing around 11 percent on Thursday. The trigger was a report by private investigator Harry Markopolos, who specializes in revelations.

In it, he accused the group, veiled possible losses in the billions of dollars and the situation of the corporation to have. GE chief Larry Culp countered that the report was "simply market manipulation". He contained incorrect information. Culp bought GE shares worth nearly $ 2 million, according to the Securities and Exchange Commission on Thursday.

At the New York Stock Exchange Around 902 million shares changed hands. 2914 values ​​increased, 858 decreased and 195 remained unchanged. On the Nasdaq closed with sales of 1.95 billion shares 2494 values ​​in the plus, 675 in the minus and 137 unchanged. Ten-year US government bonds fell 10/32 to 100-20 / 32. The return rose to 1.5572 percent. 30-year-old Bond slipped to 104-27 / 32 at 1-09 / 32 and returned 2.0335 percent.

More: The German benchmark index is also clearly trading higher on Friday. Follow the latest developments of the Dax here.

Finance briefing

(t) Wall Street (t) Stock Exchange (t) Fed (t) China (t) Trading Dispute (t) Dow Jones (t) S & P 500 (t) Nasdaq (t) Nvidia (t) Apple (t ) Advance Micro Devices (t) Micron (t) Intel (t) Deere & Co (t) John Deere (t) General Electric (t) GE (t) New York Stock Exchange (t) Dax (t) EuroStoxx (t) Stock Market (t) Standard & Poor's (t) Wal-Mart (t) Nyse (t) ECB (t) Larry Culp


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