On Monday, July 20, the main American stock market indices in the first half of the trading demonstrated positive dynamics on the background beyond the expectations of increasing the index of leading indicators and the information that the American CIT Group, you may be able to reach agreement with bondholders on securing additional funds and avoid bankruptcy.
By 20:33 AM EDT barometer blue chips Dow rose by 0.777% to the value 8 811.86 points, a broad SP 500 index increased by 0.719% and reached 947.14 points. Rate with a large proportion of the shares of high-tech companies Nasdaq has added up to 0.809% to 1 901.87 points.
Prices for copper rose, reaching a nine-month highs at auction in New York, against the background of expectations of increased demand for metals, due to the restoration of the global economy. Gold, silver, zinc and tin, also led the rally in the metals market. As a result, shares in the largest U.S. aluminum producer Alcoa went up by 3.33%, the paper's leader in copper production Freeport-McMoRan Copper Gold advanced 1.01%.
Quotations CIT Group jumped to 91.41%. According to unofficial information, the U.S. financial services company, founded over 100 years ago, you may be able to reach agreement with major holders of bonds on the debt financing of $ 3 billion as agreement, CIT Group will have a chance to restructure debt, avoid bankruptcy.
The market capitalization of Hasbro, the world's largest manufacturer of toys, has grown by 3.47%. The company reported a profit for the second quarter surpassed analysts' expectations due to sales of toys based on the movie Transformers and GI Joe. Net income rose to $ 37.5 million, or 25 cents per share, a year earlier to $ 39.3 million, or 26 cents per share. Analysts expect that the value of the index will be 23 cents per share.
Shares manufacturer of electrical systems and components for power management Eaton recovered 5,52%. Profit for the company some deductions on the results of the second quarter was 23 cents per share in the projected 15 cents per share.
Papers Cisco Systems went up by 2.78% after Credit Suisse Group raised the recommendation on shares of the largest manufacturers of network equipment with a neutral to buy, citing the tendency to revive the business.
Halliburton Shares stronger at 2.1%. With some deductions earnings per share for the second largest in the world nefteservisnoy the company was 30 cents, up 13% exceeded the expectations of analysts.
By 20:34 AM EDT futures oil brand Brent with delivery in August went up by 1,101% to $ 66.1 a barrel. Prices of gold increased by 1,397% to $ 950.6 per troy ounce. The U.S. currency weakened against the euro at 0.922% and consolidated its position against the Japanese yen to 0,223%.
Commodities strengthening and improving the UK housing market sown hope for a better
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