NEW YORK - The New York Stock Exchange, stabilized after six weeks of consecutive decline, will be addressed in the coming days of a meeting of the U.S. central bank (Fed), while keeping an eye on the Greek crisis, that continues to give him a cold sweat.
"It seems that people who wanted to sell have sold. We are in a waiting period," observes Gregori Volokhine of Meeschaert Capital Markets.
In the past week, the Dow Jones index of 30 leading stocks on Wall Street rebounded 0.44%, closing Friday at 12,004.36 points.
It was a series of six consecutive weeks in the red, on which he abandoned almost 7%.
The Nasdaq, dominated by technology, fell a further 1.03% to 2616.48 points and the broader index S & P ended at 1271.50 points, virtually unchanged over the week.
"It has become a market of traders, where volumes are less and less the fact of institutional, which could react to events less erratic daily papers", told AFP in a source of great European bank.
The place New York has evolved into jagged, agitated by the twists of the Greek crisis, investors fear a default on its debt in the country, with potentially disastrous consequences for the country.
Tuesday night, European leaders had failed to agree on an aid to the country, unable to finance on the market, causing a sharp drop on Wall Street the next day.The next day of massive protests against austerity and a political crisis in Athens still darkened the outlook.
Friday, Germany appeared to soften its stance on how to support a new plan and a new Greek government was formed, slightly calming investors.
Next week should bring a lot of news likely to move quickly indices.
The EU finance ministers should meet Sunday and Monday in Luxembourg to discuss a new aid.Tuesday, the new government has planned to seek a confidence vote in Parliament.
"The market is nervous about events in Greece," admits Gina Martin, Wells Fargo Securities.
However, "I'm not sure this is the dominant factor. The other key factor is knowing how the economy is slowing" in the United States, says the analyst.
In this regard, investors were buoyed by some good surprises, especially from a few months: retail sales declined less than expected, decline in jobless claims, construction market and who leaves composite index of activity that progresses more than expected.
Some statistics will punctuate the next week, including sales of existing homes (Tuesday), new home (Thursday) and durable goods orders (Friday).
Above all, the market will respond Wednesday to a monetary policy meeting of the Fed, which firmly maintains its policy rate close to zero for two and a half years to support the activity.Its chairman, Ben Bernanke, the opportunity to hold a press conference.
"Who knows what can come out of his hat?"Gina Martin asks.
The central bank "surprises us sometimes. The market has evolved over the past three months, between whether it would tighten its policy and now evoke" new stimulus measures, she noted
"It seems that people who wanted to sell have sold. We are in a waiting period," observes Gregori Volokhine of Meeschaert Capital Markets.
In the past week, the Dow Jones index of 30 leading stocks on Wall Street rebounded 0.44%, closing Friday at 12,004.36 points.
It was a series of six consecutive weeks in the red, on which he abandoned almost 7%.
The Nasdaq, dominated by technology, fell a further 1.03% to 2616.48 points and the broader index S & P ended at 1271.50 points, virtually unchanged over the week.
"It has become a market of traders, where volumes are less and less the fact of institutional, which could react to events less erratic daily papers", told AFP in a source of great European bank.
The place New York has evolved into jagged, agitated by the twists of the Greek crisis, investors fear a default on its debt in the country, with potentially disastrous consequences for the country.
Tuesday night, European leaders had failed to agree on an aid to the country, unable to finance on the market, causing a sharp drop on Wall Street the next day.The next day of massive protests against austerity and a political crisis in Athens still darkened the outlook.
Friday, Germany appeared to soften its stance on how to support a new plan and a new Greek government was formed, slightly calming investors.
Next week should bring a lot of news likely to move quickly indices.
The EU finance ministers should meet Sunday and Monday in Luxembourg to discuss a new aid.Tuesday, the new government has planned to seek a confidence vote in Parliament.
"The market is nervous about events in Greece," admits Gina Martin, Wells Fargo Securities.
However, "I'm not sure this is the dominant factor. The other key factor is knowing how the economy is slowing" in the United States, says the analyst.
In this regard, investors were buoyed by some good surprises, especially from a few months: retail sales declined less than expected, decline in jobless claims, construction market and who leaves composite index of activity that progresses more than expected.
Some statistics will punctuate the next week, including sales of existing homes (Tuesday), new home (Thursday) and durable goods orders (Friday).
Above all, the market will respond Wednesday to a monetary policy meeting of the Fed, which firmly maintains its policy rate close to zero for two and a half years to support the activity.Its chairman, Ben Bernanke, the opportunity to hold a press conference.
"Who knows what can come out of his hat?"Gina Martin asks.
The central bank "surprises us sometimes. The market has evolved over the past three months, between whether it would tighten its policy and now evoke" new stimulus measures, she noted
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