This had expressed cautious on possible interest rate increases. With further interest rate steps a cautious approach is warranted Yellen asserted in a speech in New York. The Notenbankerin also made clear that the Fed considerable leeway for stimulatory measures have, should this become necessary. Previously current US economic data had supported.
The Dow Jones Industrial turned to the Yellen comments into positive territory, closing 0.56 percent higher at 17 633.11 points. This was the highest closing level so far this year. In early trading, the leading index had slumped due to weak oil prices are still up to 17 434 pixels. The market breadth S & P 500 index gained 0.88 percent to 2055.01 points, marking on a closing basis also the highest level of the year. The technology index Nasdaq 100 rose by 1.58 percent to 4467.72 points. This corresponds to the highest end level since 5 January
ECONOMISTS:. FED REMAINS CAUTIOUS WHEN rate hikes
economists from research firm Capital Economic evaluated the statements Yellens as an indication that the Fed rate hikes in the will continue to be very careful. In your opinion, the Notenbankerin expressed concern about the current development in China. In the second largest economy in the world after the United States is undergoing a transformation from a highly industrial embossed growth towards a growth that is more driven by services.
Meanwhile, in the US consumer sentiment in March surprisingly strong brightened. The indicator imposed Conference Board had increased the previous month by 2.2 points to 96.2 points, while bank economists had expected 94.0 points. Also, the value for February was revised from 92.2 to 94.0 meters upwards. The prices in the US housing market were also increased in January, with an increase of 0.8 percent the previous month, slightly more than expected.
FINANCIAL VALUES VACUUM
The US financial sector is likely to Yellen -Äußerungen not just acknowledge with joy because low interest rates for a long time diminish the interest income of the banks and the investment returns of the insurance. According to financial stocks were the weakest sector on Tuesday. So Bank of America lost 1.47 percent, JPMorgan 0.62 percent and Wells Fargo 1.33 percent.
Among the individual values were Yahoo shares the most attractive papers and gained more than 3 percent. The Internet Dino driving the search ahead for buyers for some parts of the company. According to “Wall Street Journal” to make concrete deals in the next two weeks prospective. Some bidders, the paper said only interested in the web core business of Internet pioneer, others might also offer for the shares in the Chinese trade platform Alibaba or Yahoo Japan, it said.
Apple titles increased by 2 , 37 percent and were leaders in the Dow. The sensational dispute between the electronics company and the US government to unlock the iPhones of a dead assassin is initially completed. The FBI has come in his own words, even without the help of Apple to the data.
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