21/12/2010

MARCHES RESTENT BIEN..USA ATTENDUS EN HAUSSE

 

U.S. stock futures rose on Tuesday, lifted by premarket gains for Adobe Systems Inc. (ADBE) after upbeat earnings as well as deal news involving Martek Biosciences Corp. (MATK) and Chrysler Financial.

Futures for the Dow Jones Industrial Average rose 34 points, or 0.3%, to 11438 while those for the S&P 500 index added 4.5 points, or 0.4%, to 1245.70. Futures for the Nasdaq 100 index gained 6 points, or 0.3%, to 2226.25.

"We had some surprisingly good earnings from Adobe [and] from a corporate standpoint the market is looking a little bit higher," said Peter Cardillo, chief market economist at Avalon Partners.

Shares of Adobe rallied 6.8% in premarket trade after the firm posted late Monday fiscal fourth-quarter results that beat Wall Street's targets, helped by strong demand for software products.

Deal news also inspired market gains. Shares of Martek Biosciences soared 34% in premarket trade on news the company has agreed to a $31.50 a share bid, or $1.09 billion, from Dutch-based life sciences and materials-science group Royal DSM NV.

And Canada's TD Bank Group (TD) said it will buy Chrysler Financial from private-equity group Cerberus for $6.3 billion in cash.

Jabil Circuit Inc. (JBL) could also be on the move after the company beat forecasts for earnings per share on an adjusted basis.

After the market close, investors will look to quarterly reports from Nike Inc. (NKE) and Red Hat Inc (RHT).

Cardillo said investors were clearly not spooked by a warning from Moody's Investors Service that it could downgrade Portugal's debt rating by a notch or two. That news was also taken in stride by European markets, which started out positive and were continuing in that vein in early afternoon trading.

China's Vice Premier Wang Qishan said China is ready to lend a hand over Europe's sovereign-debt worries. The news from China boosted the euro against the dollar, but analysts at FxPro said that was more to do with thin volumes than anything else.

"China matters, not least because it holds nearly 30% of global forex reserves and, while we do not know the proportion held in euros, we do know it wants to increase it over time and also that it has been a buyer of peripheral euro-zone debt in the past," they said in a note.

Asia markets also gained, helping to underpin Wall Street's open, as Korean tensions dissipated.

"I think it's just momentum in the market," said Cardillo. "We should expect seasonally light volumes, but we're headed for a strong finish to the end for the year," and he expects that will continue into 2011.

Among commodities, February crude futures rose 2 cents to $89.39 a barrel, while gold futures gained 80 cents to $1,386.90 an ounce.

Among the companies whose shares are expected to actively trade in Tuesday's session are Adobe Systems Inc. (ADBE), Martek Biosciences Corp. (MATK) and Incyte Corp. (INCY).

Adobe Systems swung to a fiscal fourth-quarter profit, in line with the company's forecasts, as revenue climbed by one-third and the company had a much higher tax provision a year earlier. The software maker's shares rose 6.4% to $31.04 in premarket trading.

Dutch life and materials sciences group Royal DSM NV (DSM.AE) Tuesday said it will make a recommended $1.09 billion cash takeover bid for U.S. nutrition company Martek Biosciences, because it wants to expand its product offering in the infant nutrition, food and beverage and dietary supplements markets. Martek shares jumped 34% to $31.28 premarket.

 

TERRES RARES..

Molycorp Inc. (MCP) and Hitachi Metals Ltd. (5486.TO) have reached a preliminary agreement to form a joint venture to produce rare-earth alloys and magnets in the U.S., moving Molycorp a step closer to re-establishing a rare-earth manufacturing chain in the U.S. Molycorp rose 3.1% to $40.45 premarket.

Libellé Dernier Var.
EUR/USD 1.3169 0.36%
Euribor 1 an 1.533 0%
Gold Index 1389.50 0.31%
Pétrole (New York) 89.78 0.46%

15:02 Écrit par swingteam-cc | Lien permanent | Commentaires (0) |  Facebook |

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