New York: teeters ahead of tonight’s FOMC minutes, the S & P 500 +0.1% – Dagens Industri

New York: teeters ahead of tonight's FOMC minutes, the S & P 500 +0.1% – Dagens Industri

New York: teeters ahead of tonight’s FOMC minutes, the S & amp; P 500 +0.1%

                  2014-10-08 16:22
             

 (SIX) New York stock exchanges have followed up Tuesday's severe Index spigot  to be traded marginally above zero in Wednesday's initial  trade. Among individual companies continues the drama of Allergan and  after closing the exchanges are expected Alcoa traditionally start up  reporting season in earnest.       No significant American macroeconomic statistics is pre-awaited but  tonight there is attention to the minutes of the central bank committee  FOMC's last monetary policy meeting, at 20.00 Swedish time. All  clues about the committee members' views on interest rate increases  learn to be discussed in the market.       The Dow Jones industrial average was recorded at 12.16 up to 0.1  percent to 16,738. The broader S & amp; P 500 index was seen 0.1 percent  higher at 1,937 and the Nasdaq Composite also rose 0.1 percent, to  4,392.       The interest rate on the ten-year bond was after Tuesday  interest rate fall down with one more point to 2.34  percent and also  thirty year old fell another point to 3.05 percent.       At 20.00 in the evening Swedish time presents further Federal  Reserve's minutes from the Monetary Policy Meeting held on 17  September.       U.S. stock markets dropped sharply yesterday and closed very close  daily low after taking the impression of weakness in Europe. It was among  Another German industrial output in anticipation that triggered some concern  for the third-quarter corporate reports also on the other side  Atlantic.       After 22 o'clock in the evening will start according to many analysts, the  U.S. reporting season in earnest. This in conjunction with Alcoa  interim releases.       According to Zacks Estimates analyst expectations  aluminum manufacturer's latest quarterly adjusted net profit of 0.21  dollars per share and quarterly revenues of just under $    5.8 billion.  Alcoa shares have returned 1.9 percent in the ordinary  trade.       The  ownership saga of Allergan pharmaceutical company now wants to stop her  largest shareholder Pershing Square, an activist fund led by Bill  Ackman, from voting on whether Allergan's board should be replaced  at an extraordinary general meeting on 18 December. Allergan has under  industry watcher FiercePharma let a federal court to consider whether  Activist Fund violated the American Financial Supervision  insider rules when it increased its share of Allergan.       Allergan shares were trading 1.7 percent higher on Wednesday the stock market since  This latest tour is known. Allergan's current Board of Directors  recently rejected takeover from industry colleague Valeant as  hostile.       Among individual Fed members, Charles Evans,  District Manager for the American National Bank in Chicago, on Wednesday  stated that he feels "very uncomfortable" with some calls  an elevation policy rate.       The Federal Reserve should have patience and hold in the  current  aggressive monetary policy until you have seen that America's economic  growth is sustainable, says Evans.    Johan Eklund, +46 31 350 64 87  mailto: johan.eklund@six-group.se  www.blogg.six.seSIXNews  SIX News