U.S. stock markets, should decline to open Monday. Futures on Standard & Poor's 500 and Nasdaq 100 recede by 2% to 1314.90 points and 2320.25 points to 2.06%. On Friday, the NYSE has closed down, yielding to concerns about debt Greek and dragged down by disappointing results considered in the distribution sector. The Dow Jones lost 0.74% to 12,512.04 points and the Nasdaq 0.71% 2803.32 points. For its part, the broader index Standard & Poor's 500 fell 0.77% to 1333.27 points.
Wall Street has been particularly impacted by the poor performance of the distribution sector, while groups of clothing Gap and Aeropostale have published results below expectations and disappointing forecasts.
At the same time the sovereign debt crisis in Europe should still produce their effects.On Friday, ratings agency Fitch Ratings lowered by three notches to note the long-term debt of Greece and warned it might lower it again in the coming months. At these fears have been added turning on negative outlook of the Italian debt by Standard & Poor's and the defeat of the Spanish government in local elections Sunday, while the country's fourth largest economy in the euro zone, has a social rebellion Unpublished.
On the foreign exchange market, the euro fell sharply against the dollar on Monday, falling below the $ 1.40 for the first time in over two months. About 11:00 am in Paris, the European single currency was worth 1.3982 dollars against 1.4155 dollars on Friday night. The oil prices were also down sharply penalized by the rising dollar.Around 24:00 in Paris, a barrel of Brent North Sea crude for July delivery traded at 109.34 dollars on the InterContinental Exchange (ICE) in London, dropping $ 3.05 from Friday's close. In electronic trade the New York Mercantile Exchange (Nymex), a barrel of light sweet crude (WTI) for the same period fell by 2.78 dollars to 97.32 dollars.
On the macroeconomic front there is no major indicator on the agenda of U.S. investors on Monday. The rest of the week will include more animated with new home sales tomorrow, as well as expenses and income of households, Michigan index, and promises of sales Friday.
Corporate results will also rare that week. Investors should remember, however, the publication of Applied Materials, Tuesday, and especially the speech that accompanies it.The group was downgraded by Goldman Sachs Friday because of a reduction in forecast request to the semiconductor industry. The same day, Compuware will also give his views on the changing demands of business and therefore on the strength of their investment in information technology. Specialist Wholesale, Costco is also expected and HJ Heinz. Finally, luxury will be honored, with Polo Ralph Lauren (Wednesday) and Tiffany & Co (Thursday).
The side of values, the U.S. group Fortune Brands continues to focus on liquor by selling its activities in the Gulf for $ 1.2 billion in cash, according to an advisory opinion Monday on the website of the U.S. stock market authorities. Fortune Brands had said last month that these activities, grouped in the Acushnet Company, had intended to leave the group.The acquirer is a special purpose company formed by the sporting goods company Fila Korea and Mirae Asset Investment Funds Private Equity. Fortune Brands plans to complete its focus on alcohol during the second half. It still needs to make it to split its business into the locks and fittings, Fortune Brands Home & Security, whose shares will be distributed to current shareholders of the conglomerate. Following these transactions, the group will be renamed Beam, in reference to its flagship brand, Jim Beam bourbon, whose roots date back to 1795. The future group Beam have in its portfolio of brands such as Maker's Mark (bourbon), Sauza (tequila), Courvoisier (cognac), Canadian Club (Canadian whiskey) and Teachers (Scotch whiskey).
For his part, Foxconn Technology Group has suspended production at its Chinese plant in Chengdu, which produces iPad2 including Apple, following an explosion.Also according to Reuters, Apple will launch a streaming service and storage online music, having concluded agreements with Warner Music Group (WMG), EMI Group and Sony Music Entertainment.
Marvell Technology has announced an investment of $ 200 million to Israel for accelerated research and development of key technologies in the field of mobile communications.
Pfizer received U.S. regulatory approval of the drug (FDA) on Sutent (sunitinib malate) for treatment of certain rare types of pancreatic cancer.
Sears Holdings has announced the resignation of its chief financial officer Michael Collins. William Phelan, vice president and in charge of management control, will temporarily replace it.
The professional social network LinkedIn, should still be under the spotlight after his triumphal entry into the stock market last Thursday.