Indexes of the USA updated historical maxima on Yellen’s statements

Stock indexes of the USA updated historical maxima on positively apprehended reporting of Macy's and expectations of continuation of monetary easing stimulus after Janet Yellen's appointment. As a result, trading session in the USA finished with the Dow Jones adding 0,45%% and traded on a level of 15821,63 points, S&P 500 increased for 0,81%% and reached level of 1782,00 points, Nasdaq added in price 1,17%% traded on a level of 3965,57 points.

Such a strong positive effect on the market has been brought by vice-chairman of FED, Janet Yellen, who now is considered as the savior of the American market. She considers that the economy and a labor market show growth which is much weaker than the potential. Therefore while the economy won't gain strength, FED will continue the stimulating policy. Respectively, "strong restoration is a necessary condition to start folding of not conventional measures of FED, as program of repayment of assets", - it is stated in the prepared text for her press-conference which will take place tomorrow.

Reaction of Asia to Yellen's words was also very positive. MSCI Asia-Pacific grew up for 1,2%%. The Japanese market also received additional incentive in the form of a preliminary estimate of gross domestic product for the III quarter. National economy grew by 1,9%% at consensus of economists of 1,7%%, but much more slowly, than in the II quarter when growth rates made 3,8%%. Nikkei 225 grew up for 2,39%%,and Shanghai Composite for +0,45%%.

Another interesting and positive development, we observed in the commodity market. Where Brent is increasing for 0,07%% this morning and reached level of 106,97$ per barrel, WTI is flat at price of 94,48$. At the same time oil still appears under pressure of statistics of stocks in the USA. American Petroleum Institute reported that during last week, commercial stocks of oil increased by 0,6 million barrels, stocks of gasoline decreased by 1,67 million barrels and distillates grew by 0,6 million barrels.

Prices for precious metals finally took a revenge after continuing fall for few days. Gold is up for 1,15 %% and silver for 1,79%%, traded on a price of 1283,04$ and 20,81$ accordingly. It should be noted that gold has ideas for purchase, namely mitigation of policy of European Central Bank, and also the statements from FED representatives that the super soft policy is still far from end. Therefore it is quite obvious some rebound on yellow metal.

In the second half of day investors and speculators will be guided by character of statistics coming from the USA. Weekly data on number of primary demands for unemployment benefits will become the considered as the most important signal.

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