Weak start on Wall Street – Business World

The courses on Wall Street was trading slightly lower on Friday. Many statistics have been presented during the afternoon, which includes industrial production in March fell more than expected.

“The manufacturing sector is struggling with uncertain global growth prospects, past declines in commodity prices and the past appreciation of the dollar. These effects lingered in March, “explained Brittany Baumann at Credit Agricole Bloomberg.

Large companies index Dow Jones Industrial Average was at 16:04 fell by 0.1 percent to 17,906. The broader index S & amp; P 500 fell by 0.1 per cent to 2,080 and the technology-heavy Nasdaq Composite fell 0.2 percent to 4936.

The interest rate on the ten-year bond was down by 2 basis points to 1.77 percent while trettioårsräntan down 4 basis points to 2.57 percent.

the American statistics have been presented during the afternoon, including on consumer confidence and manufacturing.

consumer confidence in the US, according to the University of Michigan consumer sentiment Index, totaled preliminary 89.7 in April, compared with the final 91.0 the previous month. Analysts’ expectations was 92.0.

Furthermore, sank the US industrial production by 0.6 percent in March compared to the previous month. The market forecast was a decline of 0.1 percent.

New York Empire State Manufacturing Index showed a rise to +9.56 in April, compared with 0.62 in March and expectations that lay at +2 2.

the banking sector accounted remain in focus on Friday, where Citigroup has presented its interim report.

Citigroup reported a net profit of $ 1.10 per share for the first quarter, which was stronger than expected. Revenues came in slightly weaker, however. Citi advanced 1.7 percent.

“We increased lending and deposits in our core businesses, reduced our expenses while we absorbed significant ompositioneringskostnader, used the additional tax assets and generated capital to a greater extent than what we brought back to the shareholders” , said the bank’s CEO Michael Corbat in the interim report.

Sector colleague, Bank of America, which reported its interim yesterday, fell 0.7 percent. Wells Fargo was down 1.3 percent.

Later in the evening, at 19.00 Swedish time, is expected statistics of active rigs in North America and on Sunday the oil producers to keep the meeting in Doha to decide on possible production freezing.