Börse Express – New York shares outlook: Slight recovery expected

NEW YORK (dpa-AFX) – After the slide on Tuesday, the US stock markets should start somewhat recovered in the middle of the week. Broker IG appraised the Dow Jones Industrial around three quarters of an hour before the start of trading, 0.30 percent higher to 35,474 points. The day before, the leading US index had lost around one and a half percent due to increasing interest rate fears among investors. The tech-heavy Nasdaq 100 was last expected to be up around 0.6 percent on Wednesday after falling by more than two and a half percent the day before.

According to traders, speculation is mounting that the US Federal Reserve could raise interest rates by more than the previously expected 0.25 percentage point in March to combat persistently high inflation in the United States. Meanwhile, US corporate earnings season is picking up speed. Among other things, the consumer goods group Procter & Gamble granted , the health insurer UnitedHealth and Bank of America Insight into their business books.

After a surprisingly strong quarter, Procter & Gamble increased its sales target for the fiscal year running until the end of June. In the past second quarter, sales increased nominally and organically by six percent, exceeding market expectations. Business with household and health products was the main driver. The bottom line is that profits increased by ten percent despite higher costs. Management is sticking to its profit expectations for the current financial year. Procter shares rose 1.7 percent in premarket trading.

UnitedHealth exceeded its profit target, which had been raised several times, in the second Corona year. Net income attributable to shareholders for 2021 was $17.3 billion, up 12 percent year-on-year. UnitedHealth shares are up 0.7 percent premarket.

Die Bank of America ended 2021 with a surprisingly good quarter unlike other US financial institutions. Thanks to increased income and the reversal of provisions for loan defaults, the institute earned 28 percent more in the months of October to December than a year earlier. The major bank thus exceeded the average expectations of analysts. The bank’s shares rose 3.6 percent in premarket US trading. /edh/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0258 2022-01-19/15:03

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