2013/11/15

Indexes continue to storm new heights supported by Yellen's statements

One more trading week is coming to the end and nothing has changed in the world economy, but the American and German stock markets continue to update historical maximum levels. At the same time all developing countries are trampled down on one place. Following the results of a week we again can see that according to EPFR data, outflow from the Brazilian funds for a week made 442 million dollars, Russia for the same period lost 225 million dollars, however in China on the contrary inflow of 308 million dollars and in India inflow of 28 million dollars.

Whole week investors have been waiting for the press-conference of Janet Yellen, which took place yesterday and boosted markets up. Her debut on Bank committee of the Senate of the USA was very optimistic and expectations of rather fast reduction of the program of monetary easing by FED came to naught. Before meeting of FED in December - investors hardly will be afraid of anything.

Thanks to it, the American Dow Jones and S&P500 indexes copied yesterday historical maxima, and in leaders of growth in the equity market of the USA has been a financial sector. Following the results of the trading session, Dow Jones Industrial Average raised on 0,35%% to level of 15876,22 points, the index of the wide market Standard & Poor's 500 increased by 0,48%% to a level of 1790,62 points, and the index of high-tech industries of Nasdaq Composite went to plus  on 0,18%% and reached a level of 3972,74 points.

It is quite clear that the risk of correction on the American platforms certainly is now very high and every week it only grows, but before we are going to see any strong negative news - we are not going to see essential decrease in America.

Commodity markets also did not miss to catch some positive, prices for oil went slightly up and this morning Brent is adding 0,07%% traded on a level of 108,36$ per barrel, Light is up for 0,28%% and bargaining next to the level of 94,67$ per barrel. Gold and silver are flat on a levels of 1286,42$ and 20,72$  per troy ounce accordingly.

Among the last statistics to be published today - the attention of investors will be drawn by indicators of industrial production in the USA.

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