Positive statistical data is pushing quotations up

Yesterday has been a very saturated day from a view of a published statistical data. Macroeconomic statistical data from China in the morning did not bring a lot of positive to the market. Data on business activity in the industries calculated by HSBC bank in November decreased for 0,5 points from the level of previous month and made 50,4 points.

Results in Europe were much more positive. Presented preliminary data on business activity in the manufacturing sphere in the Eurozone made 51,56 points that completely coincided with expectations of experts. In Germany the index reached level of 52,5 points, 52 points were predicted. Also today PMI preliminary results were published for services industry, indicator in the Eurozone made 50,9 points at predicted 51,9 points, and in Germany - 54,5 points, whereas 53 points were expected.

In the USA number of primary requests for unemployment benefits has been presented. For last week 323 thousand were recorded at expected 335 thousand. The previous value has been reconsidered from 339 thousand to 344 thousand. The price index of producers in October decreased by 0,2%%, but it was not a surprise for participants of the market. The worse development has been observed in Fed Manufacturing index of Philadelphia, index in November made just 6,5 points, at expected 15 points. Market indexes of the USA in the first half of the auction grow up.

As a result, trading session has finished with the Dow Jones adding 0,69%% and traded on a level of 16009,99 points, S&P 500 increased for 0,81%% reaching level of 1795,85 points and Nasdaq grew for 1,22%% to the level of 3969, 15 points.

In the meantime, oil as well rose in price to maximum levels of this month, owing to favorable data on employment and the increased demand for gasoline and diesel fuel. Price for WTI during yesterday’s trading session increased for 1,7%% to level of 95,44$ per barrel, Brent jumped for 1,87%% to a price of 110,08$.

In turn gold continues to lose in price in connection with expectations of reduction of volumes of financial stimulation of economy from FED on one of the subsequent meetings. The price of gold fell for another 1,1%% to value of 1243,60$ for troy ounce.

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