US indexes gone up after the positive news from Greece
The American stocks rose sharply Tuesday, with the key index added more than 1 percent, after it became clear that the euro area discusses the possibility of aid to Greece to tackle the budget deficit. Eurozone leaders have decided to discuss the plan on February 11 for Greece, which reduce the biggest budget deficit in the region. Germany is already preparing a bilateral plan, which both reduce the deficit of Greece. Additional support was the main indices and the report of the Ministry of Commerce in the United States for the decline in stocks of companies for wholesale in December after month earlier had registered the biggest growth in five years. Inventories fell 0.8% after growth of 1.6 percent in November while sales increased by 0.8%. On the corporate level Morgan Stanley increased the rating of the industrial sector to the improving business environment. Caterpillar Inc. grew by 4.6 percent to 53.13 dollars. Copper producer Freeport-McMoRan added 5 percent to 72.64 dollars after the copper price increase for the second consecutive day in London with 2.7%. Exxon Mobil Corp., The largest energy company, added 1.8 percent to 65.50 dollars after oil prices rose by 2.6 percent in New York, while ConocoPhillips shares added 2.9 percent to 48.74 dollars.
Coca-Cola Co. rose by 3.3 percent to 54.38 dollars. Largest producer of soft drinks in the world, reported earnings for the fourth quarter, according to analysts’ expectations, and marked growth in sales in markets like China and India. NYSE Euronext added 4.8 percent to 23.57 dollars after the largest exchange operator in the United States exceeded targets by 21% analysts’ expectations of earnings for the fourth quarter. Broad indexes rose. Standard & Poor’s 500 index added 1.3 percent to 1070 points while the Nasdaq Composite index rose by 1.17 percent to 2150 points.
Tags: Greece, increase, positive news, US indexes