Wall St up after merger agreement between companies – Ambito.com

     Business
    
    
    Monday August 10, 2015
    
         
    

Europe bags closed in green

Wall Street ended seven straight days of losses with a strong comeback thanks to a very positive session for powerful sectors like energy and industrial.

Encouraged by the multibillion-dollar purchase of Precision Castparts by Berkshire Hathaway group, investors were inclined to purchases and helped the Dow to recover much of the accumulated losses over the past week.

At the end of the day, the main indicator of the New York Stock Exchange rose 1.39%, while the selective S & P 500 rose 1.28% and the composite index Nasdaq 1.16% progressed.

For some analysts, much of the increases can be linked directly to the positive atmosphere generated by the announcement of Berkshire Hathaway.

The group, owned by billionaire Warren Buffett , released a agreement to buy the specialized aircraft components and equipment for the aerospace and energy markets in a company transaction valued at 37,200 million dollars . Precision Castparts shares 19.10%, soared while the industrial sector as a whole rose 1.73%.

Even better was the day for businesses of raw materials and energy, a rise of 3.10% and 2.71% respectively were recorded.

They did it in a day in which the Texas oil experienced a sharp rise from 2.48% to 44.96 dollars, thanks to rising oil imports in China, which helped the low levels of the dollar.

Caterpillar (3.71%) and Apple (3.64%) led gains among Dow Jones thirty values, where only Coca-Cola finished in red.

For the apple company, the largest in the world by market valuation, the session marked his third best day of the year and allowed him to recover part of the heavy losses experienced in previous days.

The progress in negotiations between Greece and its creditors also helped the recovery on Wall Street, where nevertheless still doubts.

According to most experts, the rebound of the day does not set a positive trend, but is simply a result of cumulative losses in recent days, which could be repeated again at the persistent doubts about the European economy , slower growth in China and the possible rise in interest rates in the United States.

Meanwhile, the major European stock markets closed Monday’s session higher, in a rather calm day, especially animated progress between Greece and its creditors and also a good start on Wall Street.

The London Stock Exchange recorded slight increase of 0.3%, whereby the FTSE-100 index core values ​​gained 17.73 points to close at 6736.22.

The ‘vedette’ Frankfurt DAX index benefited from calm to recover 1%, to 11604.78 points, erasing losses to closing the week before. The intermediate values ​​MDAX gained 0.7%, to 21258.44 points.

Paris began the week on the right foot, with 0.8% gains. The CAC 40 gained 40.66 points, to 5195.41, after reporting on Friday slightly lower than the rise in this fall session.

In the bullring, the IBEX 35 index ended at 11,311.70 points (+133,50), that is, up 1.2% from the previous day, with significant progression of banking stocks. Finally, in Milan, the FTSE Mib index gained 1.1%, closing at 23,966 points.

European shares ended down last week after the jobs data reinforced expectations of an early rising interest rates in the United States.

Traders said on Monday there would be some rebound in Europe following a late rally on Wall Street and an advance in Asia, where China markets received a boost from the investor expectations of another round of stimulus policies.

Tokyo

The Tokyo Stock Exchange closed Monday with a gain of 0.4% animated by good results of companies, and despite concerns about the strength of the Chinese economy.

At the end of operations, the Nikkei 225 index of the core values ​​84.13 points scored, and concluded at 20,808.69 units.
The session was moderately active, with 2.190 million shares traded.

Upon closing, the dollar traded at 124.39 yen, slightly below Friday level

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