Long-awaited September data on employment disappointed participants of the market, having shown a gain which has been much weaker than expectations. However it helped to strengthen opinion that at such sluggish dynamics of a labor market - FRS won't risk to displace the QE program.
The Ministry of Labour reported that employment in non-agricultural sectors increased by 148 thousands, then 180 thousands were forecasted. In the press release it has been noted that growth of the indicator was observed in construction, wholesale trade, transportation and warehouse sectors. Unemployment rate thus unexpectedly decreased to 7,2%% from 7,3%%. The average duration of working week remained at former level of 34,5 hours, but growth rates of an average hourly salary showed slower development - 0,1%% against expected 0,2%%.
As a result, the indicator of "blue chips" the Dow Jones Industrial Average index was closed in 0,49%% plus on a level of 15467,66 points, the index of the wide market S&P 500 increased by 0,57%% to the level of 1754,67 points, and the index of the hi-tech companies Nasdaq grew up for 0,24%% to a level of 3929,57 points.
Despite positive development on the stock markets, we could observe that on currency markets volatility read off scale and the dollar got under strong pressure. Euro could break the important level of 1,37 and continued its growth, having reached maximum at 1,3788. This morning, currency pair bargains near 1,3767. Tomorrow will be published PMI index of the Eurozone, if they will appear to be again above forecasts, it only will strengthen determination of the currency pair to continue it’s growth. After breakdown of the resistance level on 1,3780, currency pair will direct to the area based on 1,3840.
Commodities are decreasing in price today. Brent and Light are losing 0,32%% and 0,54%% accordingly, Light went below price of 98,00$ per barrel and is traded on a price of 97,77$ per barrel. Gold is traded on a price of 13336,78$ per troy ounce losing 0,43%% and silver is down for 0,31%% at price of 22,72$ per troy ounce.
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