The stock market began week on a positive note

On Monday, the stock market of the United States finished trading session with the moderate growth of the main indexes after the largest week loss since August. Traders since the beginning of week are concentrating on starting meeting of FED and try to find in published macroeconomic statistics a key to an outcome of this meeting and make their mind if actually volumes of QE will be reduced or will be still kept on the present levels. We will remind that the beginning of cutting off the program of quantitative easing at December meeting are expected by about a third of economists, the others are still pointing on March meeting.

As for the macroeconomic statistical data published yesterday, it became known that industrial production in November increased by 1,1%% at average forecasts of growth for 0,5%%, October growth rates of industrial production were reconsidered from -0,1%% to 0,1%%. Labor productivity increased in the third quarter for 3%% whereas the increase for 2,8%% was expected.

Following the results of the trading session the indicator of blue chips of Dow Jones Industrial Average raised on 0,82%% to level of 15884,83 points, the index of the wide market Standard & Poor's 500 increased by 0,63%% to a level of 1786,54 points, and the index of high-tech industries of Nasdaq Composite went to plus on 0,71%% and reached a level of 4029,52 points.

Leading stock indexes of Europe on Monday also grew against favorable corporate news and macroeconomic statistics. In leaders of growth there was the German DAX index which has added 1,7%% in a context of published strong indicators of business activity in industrial sector of Germany. The corresponding PMI index of production sector of Germany grew in December to maximum levels for the last 2,5 years that speaks about essential increase of activity in the German industry which could pull out to a positive zone all European economy, despite a worsening situation in France. The summary index of business activity of the Eurozone, characterizing situation in the industry, and in a services sector, grew to 52,1 points from 51,7 points month earlier, which testifies to proceeding recovery of the European economy as a whole.

In the commodity market prices for oil are slightly down and prices for precious metals are a bit adding in value. Brent is traded on a level of 109,32$ per barrel and losing 0,08%%, WTI is decreasing for 0,16%% up to the level of 97,61$ per barrel. Gold and silver are up for 0,03%% and 0,16%% accordingly, bargaining next to the levels of 1244,76$ and 20,13$ per troy ounce.

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