Wall Street rose 2.25% in day on Monday

High Expectations hover between investors who believe that the crisis can be overcome.

Wall Street extended gains today of the day and the Dow Jones industrials, its main indicator, closed with a solid rise of 2.25 percent infected by European exchanges and after the hurricane “Irene” by EE. UU. not as devastating as had been feared.

According to provisional data at the close, the index, which groups 30 major U.S. listed companies. UU., Totaled 254.71 points to end at 11,539.25 units, while the S & P 500 gained 2.83% and the Nasdaq composite index increased by 3.32 percent.

Furthermore, Bank of America announced it will sell for 8,300 million dollars, a private group of investors, about 13,100 million common shares of China Construction Bank (CCB).

The transaction will close in the third quarter and its conclusion based bank still maintain a 5 percent in the second Chinese lender by market value. “Our partnership with CCB has been mutually beneficial,” said the CEO of Bank of America, Brian Moynihan.

On Monday, major European stock markets pass a profit, following the trend of Asian and Wall Street, as investors increased their confidence in the U.S. economy after the speech from Federal Reserve Chairman Ben Bernanke.

The CAC 40 in Paris Stock Exchange gained 1.73 percent and the index of the Frankfurt Dax another 1.74 percent from Friday, while in Madrid the Ibex 35 progressed 1.38 percent. In London, the stock closed on Monday for being a holiday.

A case was filed in the Athens Stock Exchange, which soared 14.65 percent after the announcement of the merger of two banks Alpha Bank and Eurobank. “In the middle of the day, the General Price Index stood at 1011.23 XA DGTXA points, or 14.65 percent at the close of last Friday, when it touched a low of 880.08 points annually,” says a Market Report.
Respect, the president of the European Central Bank (ECB), Jean-Claude Trichet, said euro zone growth will continue but will be “modest” in a context of uncertainty “particularly high” in budgetary terms. “We continue to believe that the euro zone will grow at a modest pace,” he said during a hearing before the European Parliament. “Uncertainty remains particularly high” due to the fragile fiscal position of many countries, “he added.

ASIA closed higher

Major Asian stock markets rose today in reaction to comments by the president of the U.S. Federal Reserve. UU., Ben Bernanke, on Friday, which opened the door to more stimuli in September. In Tokyo, the Nikkei rose 0.61 percent, or 53.57 points at 8851.35 points and was.

The Topix index, which groups all the values ??of the first section, advanced 0.37 percent or 2.76 points to 758.83 integers. In Seoul, South Korea’s Kospi index gained market 2.84 percent and ended the session at 1829.50 units. Indicator Kosdaq technology stocks gained 2.19 percent or 9.96 points to stand at 483.27 points.

In Shanghai, the Stock Exchange lost 1.37 percent, as the Shanghai Composite Index slipped 35.78 points to stand at 2576.41 amid fears that the People’s Bank of China, the central body, apply new measures to control liquidity.

In Hong Kong, the stock achieved an increase of 1.44 percent of the benchmark Hang Seng, after advancing 282.23 points to stand at 19,865.11.

Short URL: http://www.usnews9.com/?p=21687

Posted by media on Sep 6 2011. Filed under Business, Featured. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.