Exchanges New York: Wall Street reacts behave on Yellen’s speech – Handelsblatt

How Wall Street trading was Waiting for a rate hike continues

New York. the Wall Street on Monday with slight price premiums on the eagerly awaited speech by US Federal Reserve chief Janet Yellen responds. Despite the recent weak data from the US labor market rate hikes remain loud Yellen remain on the agenda. The positive aspects of the economic outlook superimposed the negative side, Yellen said. They assume that the economy moderately DETERMINED and the labor market continues to improve. The May data were indeed been disappointing. But one should not a single report to attach great importance. If the economy dressed as hoped, gradual interest rate hikes are appropriate.

Dealer currently hold a rate hike in September is likely the will, however, expected to follow this year, no further step. The US key rate is currently in a range between 0.25 and 0.5 percent. The Fed had raised him in December to this level and thus ventured the first monetary policy maneuvers of this type for around ten years.

Support received the Wall Street also by the rise in oil prices. The trend-setting crude oil Brent crude from the North Sea rose by up to 2.4 percent to a seven-month high of $ 50.83 per barrel (159 liters) and thereby supporting stock markets also. Rate turbulence of the raw material had triggered unrest in the stock markets repeatedly in recent months

topic:. MDAX, TecDAX, SDAX

The Dow Jones Index of default values ​​closed 0.6 percent higher at 17,920 points. The broader S & P rose by 0.5 percent to a seven-month high of 2109 points. The index of the Nasdaq gained 0.5 percent to 4969 points.

In the individual values ​​slumped shares of Adamis by 54 percent. The US authorities have rejected the application for authorization of the pharmaceutical company for a drug against allergic reactions for a second time. Also when rivals Pronai negative news was the reason for a price crash of 68 per cent. The Group uses the development of a drug against cancer until further.

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AbbVie-shares plunged 3.3 percent. A broker had previously downgraded the equity securities of the pharmaceutical company.

The re-growing fears of investors against a Proposed referendum on United Kingdom membership of the European Union and its consequences for the global economy weighed on European stock exchanges. The rising commodity prices dampened somewhat nervous. Dax and EuroStoxx 50 put each slightly to 10121.08 and 3001.90 points.

On the New York Stock Exchange changed approximately 880 million shares to owners. 2119 stocks rose, 928 gave way and 127 remained unchanged. At the Nasdaq closed on sales of 1.65 billion shares in 2014 plus, 830 in the red and 140 unchanged.

The US credit markets weakened in anticipation of an early rate hike by. Ten-year government bonds lost 6/32 to 99-4 / 32nd The yield rose to 1.723 percent. The 30-year bond fell 18/32 to 99-2 / 32 and rentierte with 2.545 percent.