On Thursday, July 16, the major stock indices of the United States of America against the backdrop of the words of economist Nouriel Roubini, stating that the worst phase of the crisis is over and the recession could end as early as this year, good corporate reporting, as well as expectations of a merger in Commodities sector finished the day with positive results.

data released yesterday showed reduction in the number of initial applications for unemployment benefits last week with 565 thousand to 522 thousand, while the expected persistence of the indicator.

Nouriel Roubini is a professor at New York University, who predicted the financial crisis. During yesterday's bidding, he said that government measures to support economic growth will help restore the country's GDP by the end of the year.

At the end of the trading barometer blue chips Dow rose 1.11% to the value 8 711.82 points, while the wide SP 500 index strengthened to 0.86% and reached 940.74 points. Rate with a large proportion of the shares of high-tech companies Nasdaq added 1.18% to the value of 1 885.03 points.

Shares of fertilizer manufacturer Mosaic soared 12% to $ 49.98 on the background of the news that Brazil's Vale may offer $ 25 billion for the purchase of the company. Australian-British BHP Billiton, according to a newspaper, is also interested in the acquisition of Mosaic.

Papers

financial sector remained in the negative sentiment on fears of possible bankruptcy lender CIT Group, which was denied government assistance.

Quotations

CIT Group as a result of trades collapsed by 75% to 41 cents. According to CreditSights, the bank in order to pass bankruptcy, you may need about $ 6 billion

Shares JPMorgan Chase rolled to 0.4% to $ 36.13, even despite the publication of 36% growth in profits in the second quarter, beyond the expectations of analysts. Chapter lender said that JPMorgan does not receive income from credit cards in the next year, who make up about a quarter of revenues.

Papers largest bank by assets, National Bank of America lost 1.9% and fell to $ 13.17 as a result of a declaration of an increase in net write-offs in the department of credit cards in June. Reporting Bank of America to be published today.

Quotations

high-tech companies have completed the day with gains. For example, shares of flash memory card manufacturer SanDisk jumped to 9.1% to $ 17.67 on expectations of a profit in connection with the strengthening in demand for portable Internet devices, as well as increases in Broadpoint AmTech analysts forecast the stock price from $ 19 to $ 21.

Papers largest national producer of mobile phones Motorola fell by 4.2% to $ 6.33 after Goldman Sachs analysts lowered recommendations for actions to assess the neutral, stressing that their value is already reflected the prospects of the business firm.

oil futures with delivery in August at the end of auction added to the cost of 48 cents and closed at around $ 62.02 a barrel. Contracts for gold on COMEX electronic trading to the supply in August cheaper at $ 3.70 and finished the day at around $ 935.40 per troy ounce. Yield 10-year Treasury bonds fell from 3.6% to 3.57%.

At the tender currency strengthened against the dollar and the euro weakened against the Japanese yen.

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