Wall Street profit the week – Dutch Daily (subscription)

Wall Street profit the week – Dutch Daily (subscription)

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Wall Street stock market week closed in green by a combination of Japanese stimulations and good business figures. The Dow Jones index gained 1.1 percent Friday at 17390.32 points. The broader Composite S & amp; P 500 index closed 1.2 percent higher at 2018.05 points and Nasdaq techbeurs even headed 1.4 percent in the green on a closing level of 4630.74 points

. Global equity markets reacted positively to the communication from the Bank of Japan to go even harder stimulate. The central bank announced to the ongoing buy-back program extend to the monetary base does not grow to do at an annual rate of 60 to seventy trillion yen, but even with eighty trillion yen.

“There will be another huge liquidity to the market, “said Stan asset Westerterp of JNVB. The dollar gained on it heavily in value relative to the Japanese yen. The currency pair dollar / yen rose nearly 3 percent in value to 112.26.

Sales trader Gert Berendse ING also called it “very important” that the world’s largest pension fund, which Japanese officials, exposure will increase to Japanese equities from 12 to 25 percent. There were again strong US corporate results which investors could go up.

The oil giants Chevron and Exxon Mobil saw profits rise in the quarter, despite lower oil prices, but driven by the downstreamtak. Both funds ended more than two percent higher.

Thursday after market came under more though Groupon and LinkedIn with strong numbers. The discount site managed to meet in the third quarter to its own expectations, where the online network company performed significantly better than expected and even adjusted the outlook for the whole of 2014 upwards. LinkedIn closed nearly 13 percent, while the proportion Groupon even won 22 percent.

GoPro also did well after the quarter recorded black numbers with increasing sales. The proportion headed thirteen percent.

The stimulations in Japan combined with good business figures from America, both the new and the old economy, gave rise according to Westerterp for ‘exceptional results’ on the trading floors.

The macro-economic data were mixed contrast. Americans earned more and fueled confidence, but also spared more and spent less. Consumer spending accounts for roughly two-thirds of national spending, and giving you the engine of the US economy.

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