Volatility remains to be high on stock and currency markets

On Friday, trading session has been based on hopes that the Friday round of negotiations on the American budgetary problems will pass successfully, and new moves will be outlined in a resolution of conflict between republicans and democrats. However, constructive solution didn't appear, but Barack Obama strengthened pressure upon republicans who block acceptance of the budget. Also the president declared that is open to discussion on health care reform. Negotiations of politicians helped stock markets to finish trading week with an increase, Dow Jones added 0,50%% reaching level of 15072,58 points, Nasdaq increased for 0,88%% traded on 3807,75, S&P-500 added 0,70%% reaching level of 1672,97 points.

It is necessary to mention, that as every first Friday of the month, a package of statistical data on employment of the Ministry of Labour of the USA for previous month had to become the main information event for the American stock exchanges. However, the habitual schedule for the first time for many years was violated because of the compelled inaction of many government agencies and publication of results of labor markets is postponed for uncertain time.

On Friday, price of futures of gold fell for 7,70 dollars or 0,6%% to value of 1309,90 dollars for troy ounce – this morning is traded on 1311,76 adding in price 0,14%%. Gold fell in price owing to strengthening dollar against all competing reserve currencies and proceeding reduction of stocks of a precious metal in the largest world gold index funds. As a whole in a week gold lost 2.2%%, having suffered the first failure for the last 3 weeks.

Oil increased in price in connection with the tropical storm Karen, which has arisen in the Gulf of Mexico, threatening to develop into a hurricane and to cause serious damage to the American objects of oil branch the part from which already suspended the activity and made evacuation of drilling platforms. Following the results of a week the cost of oil increased by 0.9%%. This morning Brent is traded on a price of 107,78$ per barrel and Light reached price of 102,72$ per barrel.

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