Wall Street has ended sharply higher on Tuesday, posting a sixth win in a row, in response to results and forecasts of Alcoa aluminum companies.
Alcoa reported Monday better than expected quarterly results while revising upwards its forecast for global demand for aluminum.
Alcoa shares closed up 1.2% to $ 11.
"The fact we think this trend (solid results) will contribute to re-confirm the risk in the market," said Peter Cardillo (Avalon Partners).
The Dow Jones gained 1.44% to 10,363.02 points. The S & P 500 has been 1.53% to 1095.29 points.The Nasdaq Composite Index advanced 1.99% to 2242.03 points.
The S & P has gained over 5% last week, the highest weekly gain this year and scholars eagerly awaiting the results of companies to see if this rally is justified.
But the decline in volumes worries some analysts. The volume on Monday fell to a new low of six months, observes Scott Fullman (WJB Capital Group). He also noted a decrease in the total volume of options.
Low volumes generally pass to denote a lack of conviction of investors.The summer period, however, may also explain the slowdown.
Statistic of the day was the trade deficit widened in May to its highest level since November 2008.
The Apple stock has yielded 2% to 252.11 dollars, after the site specializes Consumer Reports had indicated that he did not recommend the iPhone 4, his tests have confirmed a loss of signal when the handset is required to somehow.
Action Research In Motion, maker of the Blackberry competitor, has instead increased from 3.35% to 55.6 million.
Intel, which was to publish its quarterly after the close, gained 2.14% to 21.01 dollars.
The auction site eBay jumped from 4% to 21.02 dollars.
And even if it is pursued by XPRT Ventures company which is claiming nearly four billion dollars in damages for alleged infringement of six patents related to the development of related payment systems such as PayPal.
Santander is one step closer Monday toward its goal of becoming a bank offering a full service commercial bank in Germany with the acquisition for 555 million euros in the division for the subject of Swedish SEB.
Santander seeks to expand its presence in Europe, especially Germany and Great Britain, and the high growth markets such as Latin America.
"Germany is an important market for Santander.This acquisition is an important step towards achieving our goal of being a commercial bank offering a full service in Europe, "said its chairman Emilio Botin said in a statement.
The Spanish bank believes that its ratio of Tier One capital could fall by ten basis points due to the acquisition, the amount is close to 500 million previously reported by sources close to the situation.
According to head of operations in Latin America, Santander, Francisco Luzon, quoted by the Financial Times, Santander plans to strengthen Colombia and Peru, where its market shares are between 10 and 20%.
Around 9:15 GMT, Santander and SEB yielded respectively 0.69% and 0.76%, while the Stoxx index comprising the major European banking stocks lost 0.66%.
After three days of consecutive increase, Wall Street opened Friday on a tentative note, pending results of the first companies to be published next week.
A few minutes after the start of trading, the Dow Jones fell by 0.05%% to 10,133.70 points and the Standard & Poor's 500 by 0.07% to 1069.46 points while the Nasdaq Composite advanced 0 , 09% to 2177.45 points.
If the optimism shown by State Street in mid-week its quarterly earnings outlook is considered auspicious by analysts for earnings season, investors prefer to wait for their actual publication, especially since there no important macroeconomic indicators on Friday.
The wait-market is reflected in low volumes and partly explains the volatility seen this week on Wall Street.
As for values, Boeing gained 0.12% after formally responded to the call for tender for the tanker to the U.S. Army.
Google took him 3.31% in favor of renewing its operating license by the Chinese authorities, a decision that allows the U.S. group to remain on the largest Internet market in the world.
The European Commission said Wednesday that the reform program initiated by Greece out of the recession and the debt crisis was largely on track.
The process of fiscal consolidation is consistent with guidelines established under the rescue plan member countries of the euro, the commission said in a report on his mission to Athens for the month of June
Brussels also awarded full marks to the advancement of fiscal and structural reforms of pensions and the site opened by the government of George Papandreou in exchange for massive financial support from its European partners and the IMF.
The report notes as well that if tax revenues were slightly below expectations, lower expenditure of the State is it more pronounced than expected.
But the Commission considers that the Greek economy suffers from a lack of competition and some macroeconomic data are incomplete.
"Although this overall assessment is positive, with an application of this program largely on track, this preliminary review has identified a number of pressure points and areas where further progress is necessary," reads the report in .
Greece, the debt crisis has shaken the euro area, negotiated a financial assistance of 110 billion euros with the EU and the International Monetary Fund and pledged in return to a policy of economic stringency in particular through a reform of its pension system adopted in late June by the government.
On Monday, Finance Minister George Papaconstantinou said he was confident his country's ability to meet its goal of reducing the budget deficit to 8.1% of GDP this year, against 13.6% in 2009.
To access the full report of the Commission, in English, double-click here
President Nicolas Sarkozy has decided to keep Anne Lauvergeon at the head of Areva, said Tuesday radio France Info.
Rumors evicting Anne Lauvergeon circulating since the beginning of the year, partly because of dissension in the camp and the French nuclear setback in late 2009 with the loss of a major contract in the UAE.
The decision by the Head of State was expected. In late May, a government source had told the Echo that "exception error on his part brilliantly, it will remain until the end of its mandate" in July 2011.
Anne Lauvergeon has been appointed for the first time as President of the Executive Board of Areva in July 2001. His mandate was renewed in July 2006 and expires in one year.
Airbus announced that it garnered 131 gross orders in the first half, thanks to the mega-command of 32 A380s from Emirates announced in June at the show in Berlin.
A subsidiary of EADS, which shows 117 net orders adjusted for cancellations, said it had delivered 250 aircraft since the beginning of the year, including seven A380.
The order from Emirates, which had enabled Airbus to open with fanfare the Berlin air show, however usually less prolific ones Farnborough (England) or Le Bourget, is estimated at some 11 billion dollars based on list price purely indicative.
Airbus also won 27 orders in the first half for the single-aisle A320s and 25 A350-900.On both models, Boeing has received command of the Brazilian airline TAM also announced in Berlin for 20 A320s and five A350-900s with a total value estimated at $ 2.9 billion at list prices.
The backlog of the manufacturer revealed six cancellations A330-300 in June, including two from the Finnish airline Finnair.
Airbus did not identify the company behind the other four cancellations of orders for A330s, but industry observers have estimated that Gulf Air (Bahrain,) four units could reduce its order for 20 A330s.
According to the latest data from Airbus, DAE Capital (Dubai), who said renegotiate its orders with Airbus and Boeing, has so far not received his order of 100 Airbus.
The NYSE has finished lower on Thursday, several economic indicators are below expectations come stoke fears of a slowdown in the recovery.
The market, however, finished above its lowest sitting through purchases on the cheap.
The Dow Jones yielded 0.42% to close at 9732.53 points.
The S & P 500 is broader, has lost 0.32% to 1027.37 points.
The Nasdaq Composite fell on his side from 0.37% to 2101.36 points.