2013/11/11

The markets stiffened on uncertainty where to move further

On Friday in stock market of the USA, we observed movement which has been almost completely opposite to the seen by us on Thursday. The majority of liquid papers have been growing, and in favourites were hi-tech companies. Dow Jones increased for 1,08%% and reached level of 15761,78 points, Nasdaq has been adding in price 1,60%% and finished trading session on a level of 3919,23 points, S&P 500 added 1,34%% and reached level of 1770,61 points.

In the beginning of the trading day, markets reacted with the movement down because of the published awaited data on a labor market which has showed significant growth in a last month. The number of new workplaces in non-agricultural sector for October jumped up at once to 204 thousand while the average forecast of the market assumed growth only on 126 thousand. Values in two last months were reconsidered towards increase in total on 60 000. Unemployment rate was recorded on a level of 7.3%% against consensus forecast at the level of 7.4%%. Even this statistics managed to push indexes down, during the day officials of FED managed to calm them by giving promising speeches.

The morning trading session in Asia is not showing the same positive dynamics, the majority of local indexes bargain in a minus, only Japanese Nikkei adds more than 1%% because has been published strong data on the account of the current operations of the country which for the first time in four months showed surplus. It should be noted small decrease in the Chinese Shanghai Composite Index against, as a whole, quite good Saturday data on industrial production - +10,3%% against the forecast of 10%% and to retails - +13,3%% against the forecast of 13,4%%. It seems that investors stiffened waiting for results of the 18th congress of Communist Party of the People's Republic of China and don't react to macroeconomic data.

Situation in the commodity markets are still quite weak. Brent and WTI are traded on a level of 105,32$ and 95,17$ per barrel accordingly, adding in price around 0.2%%. Gold is below level of 1300,00$ and is traded this morning on a price of 1286.22$, adding in price 0,13%%. Silver up for 0,33%% on a price of 21,38$ per troy ounce.

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