Börse Express – New York Stocks: Gains ahead of central bank decisions this week

NEW YORK (dpa-AFX) – At the start of a busy week, investors in the United States showed courage. The industrial Dow Jones
it gained 0.9% to 33,786 points two hours before the end of trading. S&P 500 at market level increased by 0.6% to 3958 points. Also the Nasdaq 100 technology selection index which meanwhile was in the red, rose by around 0.3% to 11,595 points.

FX experts at Commerzbank talk of a “Fed/ECB double boom” ahead of Thursday’s eurozone decision, just one day after the Fed. It will be too soon for either central bank to green light inflation. According to the experts, however, the market expects a rapid decline in inflation. Producer prices have recently been disappointing in this respect. With US consumer price data for November, the next major signal generator for US monetary policy is on Tuesday’s agenda.

The US Federal Reserve is generally expected to raise interest rates by just 0.50 percentage point at its Wednesday meeting. In the last four meetings, the Fed was up 0.75 points.

Takeover reports have caused particularly strong price movements. Here’s how shares of corporate technology platform Coupa Software jumped
by nearly 27 percent to $78.79. US investment firm Thomas Bravo had announced it would buy Coupa for $81 a share in cash and then sell it privately.

For Horizon Therapeutics it was up a good 15 percent to $112.06. New York-listed Irish biopharmaceutical specialist for rare diseases is in Amgen’s sights devices. The Americans are offering $116.50 per share in cash. That’s a whopping $26 billion in total. Horizon supports the offer.

The collaboration between Mercedes-Benz, initially suspended
with Rivian for a joint production of e-transporters pushed shares of the electric car maker more than 5% to their lowest level since July. As announced by both parties, the US company is currently preferring other projects./ag/men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0252 2022-12-12/20:07

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