Saturday, May 28, 2016

US Small movements before Yellen speech – Business World


     Janet Yellen.

The US stock markets are expected to begin trading with smaller movements. Oil prices bounced after Thursday’s high levels and the market is waiting for Governor Janet Yellen as giving a speech tonight.

S & amp; P 500 semester was at 14:48 0.2 per cent over the fair value and Nasdaq 100 semester was 0.2 percent above.

Oil prices have bounced down during Friday’s trading, after hitting their highest levels since last fall on Thursday. During the evening, the American statistics of active oil and gas rigs in North America is expected to give the market a better understanding of the US oil production.

Before the IPO opening received statistics on US GDP, which rose by 0.8 per cent during the first quarter of 2016, according to revised statistics. Analysts had expected a GDP growth revised +0.9 percent, compared with the preliminary outcome of +0.5 percent.

One of Friday’s highlights is when the US Federal Reserve Chairman Janet Yellen will speak . Much focus is now on when the next rate hike is expected.

On the corporate side noted that Google lost a long-running dispute with Oracle on Java use. Oracle, however, planning to appeal.

Japanese Takeda Pharmaceutial, according to the Financial Times, joined forces with private equity firm TPG and made a bid for ailing Valeant. Valeant is up 6.4 percent in förhandeln.

The American Merck received today a positive recommendation from the European Medicines Agency advisory committee on hepatitis C drug Zepatier. Furthermore Got Abbvie thumbs up for a new indication for Humira.

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