2013/12/11

Investors directed attention to the forthcoming meeting of FED

On Tuesday, the stock market of the United States of America finished the trading session in the negative territory. The main reason which has pushed indexes to go down were new doubts, whether the Congress of the USA will be able to accept the budget till 13th of December. It should be noted that, according to a number of experts, it will be difficult to agree in established periods especially as the arrangement on financing of the public expenditures works till 15th of January of next year, and the ceiling of a national debt is lifted till 7th of February.

From the middle of October the two-party commission under the leadership of heads of the budgetary committees of the House of Representatives and the Senate could not succeed to achieve significant progress in this question, thus statements of politicians are often very inconsistent. The probability of one more shutdown of the government isn't excluded, what really influences moods of the participants of the markets. Additionally to this, it is difficult to predict what outcome will be from the forthcoming meeting of FED which will take place on 17th and 18th of December. It is quite possible that next week the regulator will make the decision on reduction of the current program of quantitative easing.

There is existing also an opinion that if the special commission from representatives of republican and democratic parties nevertheless will agree by 13th of December, FED won't have any occasions to hesitate with QE3 reduction.

Following the results of the trading session, the indicator of "blue chips" the Dow Jones Industrial Average index lost 0,33%% and was closed on a level of 15 973,13 points, the index of the wide market S&P 500 went to a minus for 0,32%% to level of 1 802,62 points, and the index of the hi-tech companies Nasdaq decreased for 0,20%% to a level of 4 060,49 of point.

Key stock indexes of Europe also showed negative dynamics due to the same concerns and general uncertainty in the market. Following the results of the trading session, the key index of Great Britain FTSE 100 went down for 0,55%%, French CAC 40 lost 1,04%% and German DAX went to a minus for 0,88%%. The regional STXE 600 indicator, in turn, decreased by 0,7%% and was closed on a mark 314,91 points. Thus the general negative dynamics wasn't supported only by Austria.

Commodities market is flat, Brent is increasing for 0,12%% this morning and is traded on a level of 109,26$ per barrel, WTI is losing just 0,02%% at a price of 98,64$ per barrel.  Gold and silver are losing 0,31%% and 0,14%% accordingly, being of a prices of 1257,17$ and 20,29$ per troy ounce.

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