Fears regarding reduction of QE continue to soar over stock market of the USA

The forthcoming week promises to be the most interesting for all leaving 2013. The head of FED, Ben Bernanke, will carry out, probably, the last meeting as the chairman and nobody excludes a possibility that he can finish his 7-year term with beginning of turning of the stimulating measures. Undoubtedly, even the probability of such outcome already presses on dynamics of stock markets, and the prospect to chop off New Year's rally can force Bernanke to reduce buying up volumes by only symbolical sum. However even in this case it will be enough to return demand for US dollar, especially against yen and the British pound.

The stock market of the USA spent Friday in the lateral range, having finished trading session with the minimum changes. However that decrease which the American stock indexes showed for the past week for 1,5-1,7%%, was maximum for the last 2 months. The sector of health care and telecoms appeared outsiders of week among the different sectors.

As the result trading session came to the end with Dow Jones adding 0,1%% and reaching level of 15755,36 points, S&P decreasing for 0,01%% up to the level of 1775,32 points and Nasdaq grew by 0,06%% up to the level of 4000,97 points. Sales also were caused by the publication of preliminary data on an index of business activity in the industry according to HSBC – the indicator decreased from 50,8 points in November to 50,5 points in December.

Leading stock indexes of Europe on Friday didn't show considerable changes. Following the results of a week they went down for 1,4-1,8%% against macroeconomic statistics and corporate news in the Eurozone which disappointed investors. Shares of the British insurance company RSA Insurance Group appeared in leaders of falling on Friday, having fallen for 7%% after messages on resignation of its executive director. Thus the British FTSE-100 index, having lost in a week 1,7%%, showed decrease the sixth week in a row.

During the day rather low volume of macroeconomic statistics from abroad is expected. In France there will be preliminary data on indexes of business activity in the industry and in a services sector for December. Similar indexes will be published in Germany, and on the Eurozone as a whole. In the USA reconsidered November dynamics of labor productivity, and industrial production for November will be published later during the day.

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