2013/10/09

Nervousness increases on the Wall Street

On Tuesday, the American market finished trading session again with decrease. Democrats and republicans continue to insist on their positions and for all week negotiations didn't move from "a dead point". Yesterday the president Barack Obama declared that he agrees to resume negotiations only after governmental departments will be open and the national debt ceiling without any conditions is raised.

As to statistical data, then it can be noted that an index of economic optimism of IBD decreased in October to 38,4 points from 46 points. The statistics on trade balance of the USA was not announced.

Following the results of the trading session, the indicator of "blue chips" the Dow Jones Industrial Average index was closed in 1,07%% minus on a level of  14776,53 points, the index of the wide market S&P 500 lost 1,23%% reaching level of 1655,45 points, and the index of the hi-tech companies Nasdaq decreased by 2,00%% to a level of 3694,83 points.

The price for Brent this morning is decreasing for 0,11%% traded on a price of 109,27$ per barrel. Light is flat on a price of 103,30$ per barrel. Precious metals are losing in price with gold and silver traded on 1316,81$ and 22,26$ accordingly.

On the currency market, dollar is weakening in relation to major currencies. EUR/USD is traded on a 1,3527. Problems in the USA are pushing dollar to go down and against all this, even the publication of the protocol of last meeting of FOMC hardly will be able to strengthen USD positions.

Great Britain will publish today the whole series of reports on industrial production, trade balance and gross domestic product from NIESR. If indicators will continue to show stable growth of national economy, it can push currency pair to reach next resistance level, based on 1,6150.

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