U.S. market: the advantage is still on the "bull"

On Monday, Sept. 13, trades on the U.S. stock market is rising quotations. Upbeat news came from all directions: fears of tighter monetary policy in China did not materialize (the rapid economic growth continues in the country) in Europe have adopted new capital requirements for banks, while the U.S. maintained a high level of activity in mergers and acquisitions, which points to an optimistic assessment of economic prospects for the representatives of big business. Against this backdrop, the Dow Jones up a gap updated monthly maximum, while trying to "Bears" to reduce the early morning gains and were not successful: too great confidence of investors in the continuation of the rally.

Following the auction on September 13, the Dow Jones rose 81.36 points (0.78%) - to 10,544.13 points, NASDAQ rose 43.23 points (1.93%) - to 2285.71 points, S & P rose by 12.35 points (1.11%) - up to 1121.9 points.

Stronger than the market on Monday looked banking sector. Positive in the segment was associated with the announcement of the final formulation of new standards of bank capital and liquidity, dubbed "Basel III" and designed to make the financial system more resilient to shocks. The transition to the new standards will be smooth: it begins in January 2013. And finally bank capital will be formed by January 2019. Smooth transition eliminates fears that banks will have even more to reduce lending and raise capital to meet the new requirements. Against this backdrop, the leading U.S. financial institutions have added considerably to the price: JPMorgan Chase & Co. - 3,42%, Bank of America Corp. - 2,95%, The Goldman Sachs Group Inc. - 2,65%, Wells Fargo & Co. - 2,91%, Citigroup Inc. - 2,05%, U.S. Bancorp - 3,27%, The Bank of New York Mellon Corp. - 2,24%, PNC Financial Services Group Inc. - 2,89%, Morgan Stanley - 2,13%.

Prices for raw materials rose by a weaker dollar and expectations of preservation demand from China. However, investors are oil companies increase the cost of a barrel of Brent crude for more than 1% were ignored. By the end of the capitalization of ConocoPhillips rose only by 1,15%, Occidental Petroleum Corp. - On 0,52%, Anadarko Petroleum Corp. - At 0.77%, while Exxon Mobil Corp. - Went in a minus on 0,33%. But the steel companies in demand: Alcoa Inc. increased by 3,13%, United States Steel Corp. - On 1,81%, AK Steel Holding Corp. - On 2,94%, Southern Copper Corp. - On 2,32%, Freeport-McMoRan Copper & Gold Inc. - At 3.11%.

With regard to activity in mergers and acquisitions, it became known, the American manufacturer of computer equipment Hewlett-Packard (HP) buys developer of security software - the company ArcSight Inc. - For 1.5 billion dollars Absorption ArcSight will provide HP customers a higher level of security at a relatively lower cost. According to executive vice president of HP Software and Solutions Bill Veta, combining HP and ArcSight enables customers to better protect their applications against malicious programs, as well as to respond quickly to emerging threats. On Monday, the company reached a definitive agreement for the transaction, the entire amount is scheduled to pay in cash at the rate of U.S. $ 43.5 per share ArcSight. Not surprisingly, the value of securities last Sept. 13 soared by 25.1% - up to $ 43.91 HP meanwhile among manufacturers of computers showed the weakest results, adding only 0.21%. Quotes Dell Inc. and International Business Machines Corp. Meanwhile, increased by 2.07% and 1.27% respectively.

In demand on Monday, representatives of the car rental sector. Segment between the two leaders - Hertz Global Holdings Inc. 'S and Avis Budget Group Inc. - The struggle for Dollar Thrifty Automotive Group Inc., Companies represented in 70 countries with a total fleet of more than 300 thousand cars. Absorption will allow one of its competitors significantly strengthen its position. Sept. 13 Dollar Thrifty Automotive Group announced that the offer of Hertz Global Holdings, as the latter agreed to pay 1.43 billion dollars, or $ 50 per share, which is more than yet to offer Avis Budget Group. On Monday, quotes Dollar Thrifty jumped 5.35% - up to $ 50.58 Shareholders of any of the competing firms do not remain dissatisfied: Hertz capitalization soared to 7,86%, Avis - on 7,14%.

Last Friday, the U.S. stock market closed at the maximum level in almost a month, which was a good "bullish signal. At the beginning of a new week to take a positive external background was in full, resulting in growth indices rose. The advantage is still on the side of the bulls: the market is aimed upward, and the index of Dow Jones, seems to still be able to reach their summer peak, which is located at 1,5% higher. Of course, we can expect that buyers will cool the ardor of a weak macroeconomic statistics, but, firstly, is currently on the market none of it prefers not to think, and secondly, in recent times players tend to ignore weak statistical data.