Modest Gains in an Unsure Market

Stocks ended slightly higher on Monday, increasing slightly its already substantial gains from Friday as investors hoped that the decision by Russia to send humanitarian aid to Ukraine may soften tensions between the two countries.

The International Committee of the Red Cross (ICRC) said on Monday it had held discussions with Russian and Ukrainian authorities on the proposed humanitarian aid from Russia to the east Ukrainian.

The Market Vectors Russia Index Fund, which gives investors exposure to listed companies in Russia, gained 1.43%.

It seems that American investors are taking a risk on Russian equities do not take very seriously the statement of NATO, in light of the fact that the Secretary General of NATO Anders Fogh Rasmussen has spoken of a “high probability” that Moscow intervene in Russia under the guise of humanitarian action.

The Nasdaq was slightly better than the Dow and the S&P 500, having received a recommendation from Morgan Stanley, changed from “weighted line” to “overweight” on high techs values.

It also has a positive view of energy values ​​and those of non-essential consumer goods. However, it has downgraded the value of natural resources “overweight” to “weighted line.”

The Dow Jones gained 16.05 points to 16,569.98. The S&P 500 index gained 5.33 points to 1,936.92. The Nasdaq Composite Index was up 30.43 point to 4,401.33.

Eight of the 10 major sectors in the S&P 500 index ended up. The values ​​of Staples posted the highest gain, ranked winner 0.8%, while the values ​​of energy and community services have been left behind.

The shares have also benefited from the continued American air raids against Iraqi jihadists and the resumption of indirect talks between Israelis and Palestinians Monday in Cairo under Egyptian mediation.

In values, Mannkind Action took 5%. Sanofi has signed with the American biotech agreement exclusive worldwide license inhalable insulin.

Kinder Morgan gained 9%. The first oil pipeline operator and gas pipelines in the United States said on Sunday evening that it intends to bring under one roof the four listed entities as part of a transaction of $70 billion aimed at addressing the concerns of its shareholders its complex structure and its growth prospects.

On the foreign exchange market, the euro fell against the dollar, handing back gains made on Friday, traders particularly worrying about implications for Germany, the largest economy in the eurozone, with the conflict between Kiev and Moscow.

The euro exceeded $1.34 Friday but given the macroeconomic environment of the euro area, the rally fizzled. However, the single currency found support at 1.3350 dollars.

Yields on Treasuries were little changed on Monday, tacking around recent lows, traders keeping their assets in government bonds precaution in view of conflicts in Ukraine and the Middle East.

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Pete Southern

About Pete Southern

Pete is an active investor with knowledge of all sectors but his first love are IPO's. A failed day trader who now understands research. A love of economics and writing seen Pete begin to publish content for various finance blogs. Our main editor and collator of contributions, he is your point of contact via editorial at stockpricetoday.com

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