Stock Market reassured Fed welcomes good U.S. data

Wall Street has appreciated Thursday for the third straight session, waving American flags and good comments deemed reassuring on the monetary policy of the United States: the Dow Jones was awarded 0.77% and the Nasdaq 0.76% .

According to the final results at the close, the Dow Jones Industrial Average advanced 114.35 points to 15,024.49 points and the Nasdaq, dominated by technology, 25.64 points to 3401.86 points.

The broader Standard & Poor's 500 gained 0.62% or 9.94 points 1613.20 points.

"The indices sign a new session frankly up, the S & P 500 moved back more substantially above the psychological threshold of 1600 points: the negative market sentiment seems to gradually dissipate," said Peter Cardillo, of Rockwell Global Capital.

At the opening, traders cheered good statistics in key sectors of the U.S. economy.

In May, the American household incomes have increased by 0.5% in May compared to April and consumer spending rose 0.3%.

"However, the expenses are associated with consumer confidence, and this is a good sign for the economic recovery of this sector is a key driver," said Mr. Cardillo.

More good news, the promises of home sales in the U.S. have rebounded strongly in May, reaching their highest level since late 2006.

And on the job front, new jobless claims in the U.S. fell for the third week of June.

Market participants have been refreshed along with about three leaders of the U.S. central bank (Fed), including those of William Dudley, president of the New York antenna and a voting member of the monetary policy committee.

While the Fed chief Ben Bernanke had mentioned last week a possible slowdown exceptional measures of support, shaking global markets, Mr. Dudley assured that the central bank would keep "long" on its balance sheet assets it buys currently on the market.

Mr. Dudley also said that raising the policy rate "not before long, in all likelihood" intervene.

The prospect of a few days off next week, punctuated by Thursday, July 4th celebration of the American national holiday, also reinforced the mood of the markets by Michael Gayed of Pension Partners.

On the values ​​front, the food company ConAgra took good quarterly results, jumping 5.07% to $ 35.04.

The U.S. satellite package Dish Network rose 3.08% to $ 41.44. The group withdrew its bid on the service provider Clearwire Internet (-2.06% to $ 4.98) a week after he threw in the towel in another market battle for the operator mobile Sprint (0.14% to 6.98 dollars).

Giant trading and processing of agricultural materials Archer Daniels Midland (ADM) won 0.39% to $ 33.71 while the Australian competition authorities have given the green light for the purchase of food group GrainCorp.

Distributor of products and materials for industry and construction HD Supply has a good start on the market, appreciating by 3.67% to $ 18.66 compared to its introductory course $ 18 fixed well below the range initially targeted.

Before unveiling their quarterly results at the end, the manufacturer of sporting Nike took 0.76% to $ 62.32 and consulting group Accenture 0.83% to $ 80.22.

The bond market closed up. The yield on the 10-year Treasury fell to 2.483% against 2.539% Wednesday, and the 30-year 3.547% against 3.574% yesterday.

The Tokyo Stock Exchange gained almost 3%, soothed by Wall Street and Shanghai

The Tokyo Stock Exchange ended the session on Thursday rallied nearly 3%, helped by the rise of Wall Street yesterday and the progress noted in the Shanghai Stock Exchange on Thursday.

At the close, the Nikkei of 225 blue chips was up to some point 379.54 (2.96%) for up to 13,213.55 points.

The broader Topix index of all first-section shares of its registered share for a rebound of 29.55 point (2.76%) to 1098.83 points.

The session was quite active, with a volume of 2.69 billion shares traded on the main market, similar to that of recent days total.

The Tokyo Stock Exchange finished down Tuesday and Wednesday due to fears of a lack of liquidity of Chinese banks and the subsequent drop in value in the financial center of Shanghai.

Wall Street ends up, won by optimism before the Fed

U.S. Stock Market rebounded sharply Monday, hopefully preparing to hold a much awaited the Federal Reserve (Fed) and welcoming good indicators meeting: Dow Jones advanced 0.73% and the Nasdaq 0 83%.

According to the final results at the close, the Dow Jones Industrial Average gained 109.67 points 15,179.85 points and the Nasdaq, dominated by technology, 28.57 points 3452.13 points.

The Standard & Poor's 500 rose by 0.76% (12.31 points) to 1639.04 points.

The trend in recent weeks on the New York site following cryptic about the Fed chief Ben Bernanke, who left anticipating a slowdown in measures to support the institution's economy excitement, made Monday up to greater confidence.

"This optimism has expectations that the Fed finally clarifies his speech and prepare a more transparent market" in the coming shift in its policy over the improvement of the U.S. economy, said Peter Cardillo, of Rockwell Global Capital.

The expansionist policy of the central bank, including passing through the purchase of Treasury bonds and mortgage-backed securities for a $ 85 billion monthly, was heavily involved in supporting the U.S. stock indices in recent months.

"There is a lot of noise about what the Fed might do or not do," which has a little increased market volatility in the afternoon, noted Mace Blicksilver of Marblehead Asset Management. "But the truth is, everyone is waiting for the release of the institution on Wednesday to take a stand."

A more encouraging than expected in the field of manufacturing activity in the New York area in June economic statistics also helped operators keep smiling, noted experts from Wells Fargo Bank.

The Empire State index came in at 7.8, against a modest increase of 0.8 expected, although many components were down.

Much better than expected NAHB Association of builder confidence in the United States in June, which stood at its highest in seven years real indicator has also increased rising indices. This shows "that the sector continues to participate in the growth" of the country, noted Jennifer Lee of BMO Capital Markets.

Side values, the rental of videos online Netflix has appreciated by 7.12% to $ 229.23 after signing an agreement on the creation of original content over several years with DreamWorks Animation Studios.

Following an optimistic article in the influential financial weekly Barron's on the outlook for the U.S. chipmaker AMD, the title of the group took 2.79% to $ 4.05.

The social network Facebook has made 1.66% to $ 24.02, while rumors buzzed before a mysterious events this week by the group on the possible addition of a function to its video-sharing application Instagram photos , bought last year.

The media group Liberty Global and telecommunications who wants to counter the offer of British mobile phone group Vodafone in the German cable operator Kabel Deutschland, yielded 2.19% to $ 72.03.

The giant hot dog sausages Smithfield Foods has appreciated by 0.85% to $ 33.08 after calling one of its major shareholders to a dismantling of the group rather than its purchase by the Fund Chinese investment Shuanghui.

The manufacturer Boeing has advanced 1.18% to $ 103.03 after the announcement of multiple aircraft orders, as part of the Paris Air Show, including the UAE Qatar Airways, the aircraft leasing company GE Capital, Gecas and Japanese airline Skymark.

In the pharmaceutical sector, Johnson & Johnson took 0.85% to $ 85.63 after the announcement of the acquisition of rival Aragon Pharmaceuticals, specializes in the treatment of hormonal cancers.

The bond market fell. The yield on the 10-year Treasury rose to 2.171% against 2.126% Friday night, and the 30-year 3.348% against 3.297%.

Stocks to Watch: Metro, Empire (Sobeys) and Safeway (USA)

Metro (MRU.A, $ 67.22): bad news

BMO Capital Markets reiterates a recommendation to "market performance".

Empire Sobeys announces that its subsidiary has entered into an agreement to acquire $ 5.8 billion for Canada Safeway.

Peter Sklar said that Metro does not have the scale of Loblaw and Sobeys and is therefore a member of the buying group IGU, which is also a member of Canada Safeway.

The analyst sees the negative development in that it is clear that Safeway Canada will withdraw from the group, which should significantly reduce the purchasing power of UGI.

His target is $ 68.

Meanwhile, National Bank Financial reiterated a recommendation to "outperform."

Vishal Shreedhar indicates that even if Safeway was the most interesting acquisition, it could be other acquisitions, Overwaitea.

The analyst said it is unclear whether the grocer is available. It states that in the absence of potential targets, Metro could return its excess capital to shareholders.

The target is $ 70.

Empire (EMP.A, $ 67.61): synergies take time

BMO Capital Markets reiterated a recommendation "market performance".

The company announced that its subsidiary Sobeys entered into an agreement for the acquisition of Safeway Canada for $ 5.8 billion.

Peter Sklar calculates the transaction to be dilutive by $ 0.15 per share for fiscal 2014, but will add $ 0.85 to that of 2015 and $ 1.46 the following year (2016).

The analyst pointed out that the contribution to profits is moderate due to the high multiple paid for the issuance of shares of $ 1.5 billion which will proceed Empire, and that it will take three years for synergies provided ($ 200 million) to materialize fully.

The anticipation of earnings in 2014 is reduced from $ 5.69 to $ 5.54 per share. The 2015 climbing from $ 6 to $ 6.84.

The target is raised from $ 65 to $ 75.

Safeway (SWY, $ 23.11 U.S.): burning the furniture to save the rest of the house

Cantor Fitzgerald reiterates a sell recommendation.

The company announced the sale of its Canadian subsidiary for $ 5.8 billion (CAN) at Sobeys, a subsidiary of Empire.

Ajay Jain said that the sale is equivalent to burning the furniture to save the house. He noted that although the transaction will allow Safeway to reduce its debt, it should not be sufficient to increase its profitability. The tax will monopolize further $ 1.8 billion.

The analyst believes that the sale of the Canadian subsidiary, which was the heart of profitability, now puts light on weak U.S. data, which is negative.

The anticipation of earnings in 2014 is reduced by U.S. $ 1.80 to U.S. $ 1.26 per share.

Mr. Jain recognizes that management has managed to manage his income in recent months, but doubt that the thing may continue long.

The target is U.S. $ 14.