Major stock markets in North America closed in the green yesterday 06/04/2014 with the exception of Mexico City’s main index IPC, which lost 0.41% or 172.79 to 41,953.30. Meanwhile on the New York bourse index S&P 500 gained 0.19% to 1,927.88 amid strong performance by stock and bonds, which have confirmed investors’ expectations of improving economy and low inflation. In the past few weeks S&P 500 has showed better than expected results.
French government to block Alstom’s overtake by GE. Pfizer’s intention to buy AstraZeneca rises political disapproval. CITIC Pacific to invest $5.5 billion in its parent company. German economy posted 0.8% growth in Q1.
Bank of England is expected to increase its interest rates. Sony Music Entertainment bought share in Infibeam.com. Jaguar Land Rover starts new massive ad campaign in China. Alibaba might face the need of large investments in logistics.
IBM to focus on cloud technologies. BNP Paribas and Credit Suisse to face legal consequences in the US. Samsung to launch new phone for the Indian and Russian markets. CBI forecasts that interest rates would rise.
Cheetah Mobile could rise up to $168 million from its IPO. Apple to release iPhone 6 in August. Yorkshire employment environment is improving. Indian amusement park owner Wonderla Holidays will have its initial public offering today.
Fiat shares, Bank of America, CEO pay rises and Consumer Credits in Our Daily Round-up for 08/05/2014
Fiat Chrysler shares dropped by near 12%. BofA shareholders supported bank’s executives. CEO’s cut employees to increase their pay. In March consumer credit volume in the US grew by $17.5 billion.
Alibaba’s IPO might reach up to $20 billion. Futures for June on China treasury closed higher today. Political pressure on Pfizer – AstraZeneca deal continues to increase. HSBC’s profit declined by 20% in Q1.