On Friday, key stock indexes of Europe showed positive dynamics the
second day in a row, based on the information that the Congress of the
USA can agree on raising the level of the national debt of the country,
having reduced, thereby, the threat of a possible default. It should be
noted that negotiations of politicians will proceed, thus republicans
already put forward offers on a temporary increase in the ceiling of the
national debt of the USA.
In the light of the latest events, the government of the USA hasn't
worked since October 1, and meanwhile, October 17 is approaching, when
it will be necessary to make the decision on the increase of the ceiling
of the national debt of the country.
As a result, the Dow Jones finished the trading week at 15237.11
increasing by 0.73%%, Nasdaq increased by 0.84%%, S&P 500 added
0.62%% traded on a level of 1703.29 points.
From the macroeconomic statistics published on Friday, the consumer
price index of Germany for September did not change, as expected.
Meanwhile, in the USA, the new reporting season started which brought
optimistic vibes on the market. The reporting of the American banks JP
Morgan and Wells Fargo, surpassed market expectations. JP Morgan showed a
loss following the results of the last quarter, but it is mainly
connected with legal costs. Except for this article, the profit on a
share made $1.42, whereas an increase to $1.29 was expected. This week,
many important corporate publications are expected, tomorrow will we see
reports from Coca-Cola, Johnson & Johnson, Intel and Yahoo.
Commodity and currency markets are stable, upward movement of Gold and
Silver can be seen, which again left below levels of 1300.00 and 22.00
accordingly. This morning, Gold is traded on a price of 1275.87$ per
troy ounce, adding 0.60%% and Silver is up by 0.73%% at 21.41$ per troy
ounce.
Monday in quite poor regarding macroeconomic statistics. Consumer price
index has been published in China which recorded unexpectedly high
growth of the indicator in September by 3.1%%, when -2.9%% had been
forecasted. In the European region, data on industrial production of 17
countries of the Eurozone will be published.
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