Wall Street opens up – Business World

The US stock markets traded higher on Friday. The banking and financial sector, yesterday weighed on stock indexes advanced. Oil prices have also increased, which seemed to support prices on Wall Street.

Large companies index Dow Jones Industrial Average was at 16:04 up by 0.6 percent to 15,764. The broader index S & amp; P 500 rose 0.7 percent to 1,842 while the technology-heavy Nasdaq Composite rose 0.4 percent to 4282.

The interest rate on the ten-year bond was up 6 basis points to 1.69 percent while trettioårsräntan rose 6 basis points to 2.54 percent.

the stock exchanges such important oil prices have traded much higher during the trading day. Chevron was up 0.5 percent and ExxonMobil recorded 0.3 percent higher.

“The proposed agreement on ceasefire in Syria can bring the Saudis closer to an OPEC deal. I think one reason why oil prices are so low, geopolitical factors, “explained Peter Cardillo at First Financial Standard. That according to CNBC.

The banking sector has received attention on Friday. JP Morgan CEO Jamie Dimon announced to have bought half a million shares in the bank for a value of over 25 million dollars. JP Morgan was traded 4.5 percent higher.

During the afternoon also announced that Deutsche Bank bonds in the bank for a total of EUR 3 billion and $ 2 billion to be repurchased, which supported the sentiment in Europe.

the banking and financial sector advanced on Wall Street as well. Bank of America was up 2.5 percent, Citigroup traded 3.5 percent higher and Goldman Sachs were up 2.4 percent.

Aircraft builder Boeing fell 2.3 percent, however. It is the news that US authorities investigating the records of the aircraft 787 and 747th

Very macroeconomic statistics have been presented during the trading day and come in with mixed results.

Consumer confidence in the US, according to University of Michigan Consumer Sentiment Index, totaled preliminary 90.7 in February, compared with the final 92.0 the previous month. Analysts’ expectations was 92.0.

Stocks of unsold goods in the US was up by 0.1 percent in December compared with the previous month. Analysts had expected a rise of 0.1 percent.

Retail sales increased 0.2 percent in January on a monthly rate, the expected +0.1 percent. In addition, revised results for December up 0.3 percentage points.

Later in the day, at 19.00, expected weekly statistics of active rigs in North America.