NEW YORK (AFX) – The prospect of a rate hike by the US Federal Reserve in June has ultimately left cold on Wednesday, the Wall Street. After a weak start and the recent recovery of the Dow Jones Industrial & suffered lt; DJI.DJI & gt; Once at the release of the most recent Fed meeting minutes. Finally, the New York benchmark index recorded almost no change with minus 0.02 percent at 17 526.62 points
We saw something similar in broad market S &. P 500 index & lt; INX.SPI & gt; from which ultimately claimed a minimal increase of 0.02 per cent to 2047.63 points. The tech-heavy Nasdaq index selection 100 & lt; NDX.X.NQI & gt; increased by 0.36 percent to 4338.23 points.
BANK OF MEMBERS divided on rate hike in June
In recent days, the US stock markets still had mostly given way, as good economic data and testimony of several US central bankers expectations of an early rate hike had fueled. Such a step would lose shares compared to fixed income securities more attractive.
A rate hike in the United States in the event of favorable economic development, in June. Members of the US Federal Reserve agreed that a rate hike “probably appropriate” would be when it enhances the economic recovery, it is said in published Wednesday Protocol (Minutes) the meeting of the Monetary Policy Committee (FOMC) from 25th to 26th April. Opinion was however far apart, whether the future economic development should justify an increase on 15 June.
STRONG NUMBERS OF LOWE’S – TARGET DISAPPOINTED
On the corporate few stragglers of the US earnings season reported on their recent business. The home improvement retailer Lowe’s & lt; LOW.NYS & gt; shined with better than expected quarterly results. Earnings and sales have exceeded expectations, it was on the market. The increased profit outlook for the 2016 financial year was also better than the current average forecast. The papers gained 3.33 percent.
In the office products retailer Staples & lt; SPLS.NAS & gt; & Lt; STP.ETR & gt; was despite the surprisingly good start to a price fall of 0.48 percent to beech. The shares of the discount retailer Target & lt; TGT.NYS & gt; & Lt; DYH.FSE & gt; plummeted by as much as 7.62 percent. The Wal-Mart competitor & lt; WMT.NYS & gt; & Lt; WMT.FSE & gt; remained with its quarterly results after the analysts expectations and also gave a disappointing outlook
TESLA BENEFITS FROM STUDY
A new buy recommendation from Goldman Sachs moved according to traders the electric carmaker Tesla. & lt; TSLA.NAS & gt ; in the focus. The papers gained 3.18 percent
Unlike the Wall Street of the Euro price suffered visible under a possible US interest rate hike, which would make the US dollar as an investment currency more attractive. Recently, the single currency fell to 1.1219 Dollar. The European Central Bank (ECB) had previously still on 1.1279 (Tuesday: 1.1318) fixed dollar. The dollar cost 0.8866 (0.8836) Euro. Trendsetting ten-year US government bonds fell by 23/32 points to 97 points after 30/32 and yielded 1.85 Prozent./gl/he
— From Gerold Löhle, AFX —
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