2013/09/25

Budgetary Problems Of The USA Will Be Under Scrutiny In The Next Few Weeks

On Tuesday, the stock market of the United States finished the trading session with a moderate decrease, due to the influence of adverse macroeconomic statistics and remaining concern in relation to approaching exhaustion of the limit of loans and funds for the correct functioning of the American government. The only important statistics published yesterday was the index of consumer confidence for September, which didn't reach the average forecasts and made 79.7 points, when analysts expected 79.9 points.

Following the results of the trading session, the indicator of blue chips of Dow Jones Industrial Average went down by 0.43% to a level of 15334.59 points, the index of the wide market Standard & Poor's 500 decreased by 0.26% to a level of 1697.42 points, and the index of high-tech industries of Nasdaq Composite increased by 0.08% and reached the level of 3768.25 points.

The attention of investors remains on the statements of the heads of the FRS in the last few days, regarding a seemingly possible beginning of turning of stimulating programs in October. Additional risks create proceeding political fights among the American legislators. If the Congress of the USA can't find consensus and coordinate the federal budget, absence can hypothetically lead to financial crisis. In turn, the speech of the U.S. President, Barack Obama, on General assembly of the UN in New York concerning the solution of the Syrian problem, reduced fears of the application of military force.

Leading share indexes of Europe on Tuesday slightly increased. Support to the market was given by statements of the European Central Bank saying that ECB is ready in case of the need to provide additional liquidity to support loan costs at a low level. Moreover, presented positive data on the IFO index of trust of the German businessmen to national economy, also became a positive impulse in the market. This indicator showed continued growth for the fifth month in a row, having reached a maximum level for the last one and a half years.

In the commodity market, futures for Oil of brand Light are this morning increasing by 0.49% and are traded on a level of 103.64$ per barrel, Brent is increasing by 0.42% and traded on a price of 109.10$ per barrel. Gold and Silver are up by 0.97% and 1.17% accordingly.


Click here https://secure.mayzus.com/partner/regist to start earning money on Forex!

No comments:

Post a Comment