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North American stock markets up on Wednesday

North American stock markets up on Wednesday

Wall Street remained on an upward momentum Wednesday in the wake of European and Asian stock markets: at 14 am, the Dow Jones gained 0.46% and the Nasdaq 0.49%.

The index Featured Dow Jones Industrial Average gained 81.90 points 17 715.01 points and the Nasdaq, dominated by technology, 23.66 points to 4 870.29 points.

The expanded index S & P 500, closely watched by investors, progressed by 0.45% or 9.19 points to 2 064.20 points.

The reference crude oil barrel on the New York market gained US $ 0.03 or 0.08%, to US $ 38.31.

In Canada, the Toronto Stock Exchange was changing 0.58% or 77.59 points 13 503.82 points.

The Canadian dollar traded against 76.95 cents US, up 0.60%.

The markets encouraged by Janet Yellen
On Tuesday, the New York Stock Exchange had closed up in a market reassured by the law of the president of the Federal Reserve, Janet Yellen: Featured index Dow Jones Industrial Average took 0.56% to 17 633.11 points Nasdaq 1.67% to 4 846.62 points.

The president of the Fed, speaking publicly Tuesday for the first time since the last meeting of the institution early March, said the risks to the global economy expected to have a profound impact on the economy American, but that it remained appropriate to proceed "cautiously" in tightening monetary policy.

The tone of Janet Yellen contrasted with recent comments from Fed officials, including the presidents of the Philadelphia Fed and Atlanta, more proactive when it comes to raise rates.

Global financial markets have welcomed about Janet Yellen, which caused a decline of more than 1% of the dollar against a basket of reference currencies and a rise in bond prices in the US market.

"The comments from Yellen reassure investors that the Fed will not raise rates in April," said Sam Stovall, chief strategy on the equity markets in the US S & P Global Market Intelligence.

The main European stock markets also ended higher Wednesday, led cautious remarks from the President of the Federal Reserve. The Paris Stock Exchange gained 1.78%, 1.59% that of London and the Frankfurt Stock Exchange, 1.60%.

Market stakeholders will now monitor the next indicators of whether a rate rise could be in June.

The private sector in the US created 200,000 jobs in March, more than expected by economists, according to the monthly ADP released Wednesday before the opening, waiting for the monthly employment report on Friday.

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Master of Economics, University of Harvard, worked as an analyst in a few large companies and specializes in many countries. Currently owned by a large company that conducts assessment of investment attractiveness in the various countries of the world.