400 it must follow a few weeks as the last

Far go markets Friday, the Dow Jones finished on a gain of 0.80, to 9.864,94 points, returning thus on October 6, 2008 levels. For a girl for losses resulting from the bankruptcy of Lehman Brothers on September 15, 2008, the eve of the disaster, the lighthouse Wall Street Index evolved around the points 11.400-, it must follow a few weeks as the last. Indeed, he has won the last five sessions about 4. Other US indices are not at rest. The Nasdaq took 0.72 Friday at 2.139,28 points, and 4.45 on the week, and the S & P 500, 0.56, to 1.071,50 points and 4.51.

The start of the quarterly results season which opened Wednesday smiled on Wall Street. And this from the outset. Alcoa, accustomed to open the ball of the publications, has surprised analysts, with an unexpected benefit through the price of aluminum and a policy of cost reduction, after three quarters of losses. The American producer was therefore the tone. And optimism won the investors, who now expect a good harvest. Analysts like to back their forecasts on some titles. IBM in mind. The rehabilitation of the recommendation of Barclays Capital has propelled 3 the title of the giant of computing, on the eve of the weekend. Thursday, he will confirm or not the hopes of the broker. Like Intel, tomorrow. Deutsche Bank specialists have indeed revised upward, last Thursday, their estimates for semiconductor manufacturers, expecting better results than in the previous quarter.

There is however acquired. The stock market rise can continue provided that the profits of American companies surprised by their quality. The slightest disappointment could then serve as a pretext to catches of profits. And since the March rebound, investors did in plenty. The Dow Jones, the CAC 40, the DAX soared more than 50. S & P 500 by 60. And the Palm of U.S. markets returned to Nasdaq with approximately 69!

The dollar on the front of the stage

So that the decision height is dizzying. And markets advance in a month of October which in the past was sometimes fatal. The good holding of American actions, export values in the first place, is also by the weakness of the dollar. The greenback was mauled in recent weeks. The euro reached 1.48 dollar Friday, the never-seen for fourteen months, bend and finish in 1,4721 dollar.

The theme of the American currency will also occupy the front of the stage. Last week, central banks and Governments have sought to stop his downward spiral. The statements of Ben Bernanke, the Chairman of the US Federal Reserve, on an increase to the rates if the economic recovery is confirmed, were apparently chastened speculation. Therefore, the minutes of the Fed, Wednesday, and many of the week economic statistics will play a major role in the maintenance of the dollar. In the US, the operators will take knowledge of retail and sales of stocks of companies, on Wednesday, the consumer price, Empire State Manufacturing and the flag of the Philadelphia Fed, Thursday, and, finally, industrial production and the Michigan consumer confidence index. On this side of the Atlantic, attention will focus on the German ZEW investor confidence indicator. So that the week will be turbulent.