FXStreet — The major stock indices in the United States for the week will kick off with a flying Start. For price mark-UPS, the talks between Saudi Arabia and Russia, extending the OPEC production cut, what the price is on a broad Front has to go.
The international financial markets had responded positively to the news. The prices for the US variety of West Texas Intermediate (WTI) jumped above the psychologically important mark of 49.00 dollars. This inspired, in turn, the prices for Energy stocks and had a positive impact on the risk appetite of the investors. The proposed extension, however, must still Meet the OPEC on March 25. May in Vienna, to be confirmed.
On Friday, conducted a global hacker attack on the computer systems of companies and authorities has, meanwhile, taken care of for rising rates in the IT-security company.
However, the investors had ignored the renewed flaring up of geopolitical tensions on the Peninsula, North Korea, after the North Korean Regime on Sunday, once again had tested a ballistic medium-range missile.
Disappointing economic data from the United States could not meanwhile the ruin of the party mood on Wall Street. The much acclaimed Empire-State-Index for the U.S. fell to the state of New York as of the reporting month of may, a surprising 5.2 on -1,00 points.
The Dow Jones Industrial Average was listed last on 20.960 points and 65 meter in the Plus. For the much broader S&P 500 Index fell 6 points to 2,397 units counter top. The technology index Nasdaq Composite rose by almost 14 points on 6.134 counter.
** FXStreet News Editorial, FXStreet**