Since the beginning of the week, at the key European and American exchanges, there has not been anything interesting happening. Yesterday, stock indices were moving in different directions, but in general they are consolidating next to the maximum levels of the last year. Optimistic forecasts regarding improvement of the economy of the developed countries this year, haven't given investors a reason to transfer to safer instruments, like gold or treasury bonds. The attention of the market is directed towards the upcoming meeting of the FED, which is going to be next week.
Yesterday’s trading session in Europe came to an end with multidirectional movement of indices. The interest of investors was down to statistics on the labor market of Great Britain, the indicator made 7.1%% instead of the expected 7.3%%, however this data was not supporting indices for a long time. By closing, the English FTSE100 index decreased by 0.12%%, the French CAC40 grew by 0.03%%, and the German DAX decreased by 0.1%%.
In the USA, indices also couldn't show uniform dynamics, buyers nevertheless prevailed. Dow Jones decreased by 0.25%% to the level of 16373.34 points, S&P 500 grew by 0.06%% reaching the level of 1844.86 points, and Nasdaq Composite grew by 0.41%% to the level of 4243.00 points.
Data published this morning from China brought disappointment to the markets. The PMI index for the production sphere, counted by HSBC bank in January, fell to a level of 49.6 points, which is significantly weaker than the forecast of 50.3 points. Business activity in the country showed the first decrease for the last 6 months. Naturally, on Thursday morning, the markets reacted to this news negatively, and pushed Asian stock indices to go down, with Nikkei loosing 0.65%%, ASX falling by 1.1%% and CSI decreasing by 0.6%%.
Prices of oil managed to restore some loses and are showing positive dynamics. The international Power Agency raised the forecast of world consumption of oil to 1.3 million barrels per day. This morning, Brent is traded on a level of 108.25$ per barrel, WTI is up by 0.10%% on the level of 96.83$ per barrel.
Today, investors attention will be on statistics from Europe, where the data on the index of business activity in the industry and the services sector of Great Britain and the Eurozone, is going to be published. In the USA, payrolls for the last week, and data on oil stocks will be presented later on throughout the day.
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2014/01/22
The IMF Increased Forecasts On GDP
The International Monetary Fund raised forecasts on growth rates of the world economy for the first time in the last two years, however, emphasized that the richest and most developed countries develop at the present moment with slower rates than they actually could. Besides, the IMF noted that deflationary risks remain to be on a high level.
According to the updated estimates, world gross domestic product will increase by 3.7%% in the current year, and then by 3.9%% in 2015. We will remind you that in October, the growth of the world economy in 2014 was expected to be on a level of 3.6%%. The IMF also improved the forecast for the USA from 2.6%% to 2.8%%, for China from 7.2%% to 7.5%%, and for Germany, from 1.4%% to 1.6%%.
Following the results of the trading session, the indicator of "blue chips", the Dow Jones Industrial Average index, was closed with a minus of 0.27%% on the level of 16414.44 points, the index of the wide market S&P 500 increased by 0.28%% to the level of 1843.80 points, and the index of the hi-tech companies, Nasdaq, grew by 0.67%% to the level of 4225.76 points.
As for the European stock markets, the British FTSE 100 was reduced by 0.04%%, the French CAC40 increased by 0.02%%, and the German DAX got stronger by 0.15%%. The regional STXE 600 indicator increased by 0.1%%, having closed on a level of 335.76 points.
The indicator of economic moods in the Eurozone from the results of research carried out by the German institute ZEW, in January, grew to 73.3 points from 68.3 points in December. The same indicator for Germany, according to ZEW estimates, increased in January from 32.4 points a month earlier, to 41.2 points, whereas analysts expected 34.1 points.
The price of WTI oil, following the results of the day on NYMEX, raised by 0.4%% to the level of 94.97$ per barrel, and is continuing its growth today and increasing by 0.54%% to the level of 95.66$ per barrel. Brent is up by 0.54%%, traded on a level of 107.30$ per barrel. The prices of gold and silver are flat, with gold trading on a level of 1241.30$ per troy ounce, and silver bargaining next to the level of 19.89$ per troy ounce.
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According to the updated estimates, world gross domestic product will increase by 3.7%% in the current year, and then by 3.9%% in 2015. We will remind you that in October, the growth of the world economy in 2014 was expected to be on a level of 3.6%%. The IMF also improved the forecast for the USA from 2.6%% to 2.8%%, for China from 7.2%% to 7.5%%, and for Germany, from 1.4%% to 1.6%%.
Following the results of the trading session, the indicator of "blue chips", the Dow Jones Industrial Average index, was closed with a minus of 0.27%% on the level of 16414.44 points, the index of the wide market S&P 500 increased by 0.28%% to the level of 1843.80 points, and the index of the hi-tech companies, Nasdaq, grew by 0.67%% to the level of 4225.76 points.
As for the European stock markets, the British FTSE 100 was reduced by 0.04%%, the French CAC40 increased by 0.02%%, and the German DAX got stronger by 0.15%%. The regional STXE 600 indicator increased by 0.1%%, having closed on a level of 335.76 points.
The indicator of economic moods in the Eurozone from the results of research carried out by the German institute ZEW, in January, grew to 73.3 points from 68.3 points in December. The same indicator for Germany, according to ZEW estimates, increased in January from 32.4 points a month earlier, to 41.2 points, whereas analysts expected 34.1 points.
The price of WTI oil, following the results of the day on NYMEX, raised by 0.4%% to the level of 94.97$ per barrel, and is continuing its growth today and increasing by 0.54%% to the level of 95.66$ per barrel. Brent is up by 0.54%%, traded on a level of 107.30$ per barrel. The prices of gold and silver are flat, with gold trading on a level of 1241.30$ per troy ounce, and silver bargaining next to the level of 19.89$ per troy ounce.
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2014/01/21
The Banking Sector In Europe Is Under Pressure
In absence of the American players on Monday, the European stock indices finished the trading session without any significant development.
From the macroeconomic statistics published yesterday, it should be noted that the price index of producers of Germany for December grew by 0.1%%, at average forecasts of 0.0%%. Thus, in comparison with data from the similar time period last year, decrease of the indicator made 0.5%%, as expected.
As a result, the index of Great Britain, FTSE 100, increased by 0.11%%, French CAC40 lost 0.11%% and the German DAX went to a minus by 0.28%%. The regional STXE 600 indicator, in turn, decreased by 0.1%% and was closed on a level of 335.5 points.
Worse than the other sectors of the market were shares of the banking sector. So, the shares of Commerzbank, Credit Suisse and ICAP decreased by 4.5%%, 2.5%% and 4.3%% respectively. Additionally to that, market capitalization of the largest creditor of Europe, Deutsche Bank, decreased by 5.4%%, after it reported that the loss before payment of taxes in the fourth quarter made 1.15 billion Euros. Analysts, in turn, predicted profit at the level of 628.5 million Euros.
The background this morning looks rather positive: futures for the American indices add 0.5%%, bull moods prevail in the Asian-Pacific, with Japanese Nikkei increasing by 1.4%%, the Hong Kong Hang Seng adds 0.6%%, and the Chinese Shanghai Composite grew by 0.7%%. The positive situation is mainly due to the statement from the Bank of China, and their willingness to provide additional liquidity to small and large banks of the country.
The situation on the commodities market also remains the same, and there have not been any strong changes for the last few days. Brent is increasing by 0.19%%, traded on a level of 106.55$ per barrel, WTI is down by 0.34%%, on a level of 94.27$ per barrel. Gold adds in value 0.02%%, traded on the level of 1252.10$ per troy ounce, and silver is down by 0.49%% at the level of 20.20$ per troy ounce.
In America, the large banks already published their reports, and this week, the market focus will be on papers of the hi-tech companies and retailers. Figures from Microsoft, IBM, Starbucks and Netflix are expected. Today, Johnson & Johnson and Verizon will publish reports. As for the most important statistics today, it is worth paying attention to the publication of the index of activity of ZEW across Germany, whereby a decrease from 62 points to 61.5 points is expected.
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From the macroeconomic statistics published yesterday, it should be noted that the price index of producers of Germany for December grew by 0.1%%, at average forecasts of 0.0%%. Thus, in comparison with data from the similar time period last year, decrease of the indicator made 0.5%%, as expected.
As a result, the index of Great Britain, FTSE 100, increased by 0.11%%, French CAC40 lost 0.11%% and the German DAX went to a minus by 0.28%%. The regional STXE 600 indicator, in turn, decreased by 0.1%% and was closed on a level of 335.5 points.
Worse than the other sectors of the market were shares of the banking sector. So, the shares of Commerzbank, Credit Suisse and ICAP decreased by 4.5%%, 2.5%% and 4.3%% respectively. Additionally to that, market capitalization of the largest creditor of Europe, Deutsche Bank, decreased by 5.4%%, after it reported that the loss before payment of taxes in the fourth quarter made 1.15 billion Euros. Analysts, in turn, predicted profit at the level of 628.5 million Euros.
The background this morning looks rather positive: futures for the American indices add 0.5%%, bull moods prevail in the Asian-Pacific, with Japanese Nikkei increasing by 1.4%%, the Hong Kong Hang Seng adds 0.6%%, and the Chinese Shanghai Composite grew by 0.7%%. The positive situation is mainly due to the statement from the Bank of China, and their willingness to provide additional liquidity to small and large banks of the country.
The situation on the commodities market also remains the same, and there have not been any strong changes for the last few days. Brent is increasing by 0.19%%, traded on a level of 106.55$ per barrel, WTI is down by 0.34%%, on a level of 94.27$ per barrel. Gold adds in value 0.02%%, traded on the level of 1252.10$ per troy ounce, and silver is down by 0.49%% at the level of 20.20$ per troy ounce.
In America, the large banks already published their reports, and this week, the market focus will be on papers of the hi-tech companies and retailers. Figures from Microsoft, IBM, Starbucks and Netflix are expected. Today, Johnson & Johnson and Verizon will publish reports. As for the most important statistics today, it is worth paying attention to the publication of the index of activity of ZEW across Germany, whereby a decrease from 62 points to 61.5 points is expected.
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2014/01/20
Day will be rather sluggish for the lack of statistics and celebration of the Day of Martin Luther King in the USA
On Friday, the American stock indices couldn't decide where to move. The Dow Jones Industrial Average index was closed with an increase of 0.25%% and reached the level of 16458.56 points, and at the same time, S&P500 and Nasdaq Composite, following the results of the trading session, decreased by 0.37%% and 0.49%% respectively, traded on a level of 4197.58 and 1838.70 points. Today, the stock exchanges of the US are closed due to the celebration of a national holiday - Martin Luther King Day. Thus, the main attention of investors will be riveted on dynamics in Asia and Europe.
The published reports of the companies were ambiguous. The reporting of GE and Intel disappointed, whereas American Express, Visa, and Morgan Stanley shares grew after an exit of figures. The index of consumer moods of Michigan university in January decreased to 80.4 points, which was worse than the forecast of 83.5 points. In December, the quantity of new buildings was reduced by 9.8%% compared to the last month, and here the result was also worse than the forecasts.
This morning, data was presented on the condition of the Chinese and Japanese economy, which were again a little weaker than expectations, which caused a small negative at the trading session in the Asian region. Annual growth of China decreased from 7.8%% to 7.7%% in the fourth quarter, in quarterly expression the gain of gross domestic product decreased from 2.2%% to 1.8%%. Industrial production in annual expression fell from a level of 10%% to 9.7%%, and investments into fixed capital of China were reduced from 19.9%% to 19.6%%. In the industrial sector of Japan, we also observe deterioration. The latest data for January showed a decrease in industrial production by 0.1%%.
The Commodity market is flat, oil prices this morning are down by 0.11%% on Brent, and 0.68%% on WTI, traded on a level of 106.36$ and 93.94$ per barrel accordingly. Gold is up by 0.23%% on 1254.87$ per troy ounce, and silver is increasing by 0.02%% on a level of 20.31$ per troy ounce.
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The published reports of the companies were ambiguous. The reporting of GE and Intel disappointed, whereas American Express, Visa, and Morgan Stanley shares grew after an exit of figures. The index of consumer moods of Michigan university in January decreased to 80.4 points, which was worse than the forecast of 83.5 points. In December, the quantity of new buildings was reduced by 9.8%% compared to the last month, and here the result was also worse than the forecasts.
This morning, data was presented on the condition of the Chinese and Japanese economy, which were again a little weaker than expectations, which caused a small negative at the trading session in the Asian region. Annual growth of China decreased from 7.8%% to 7.7%% in the fourth quarter, in quarterly expression the gain of gross domestic product decreased from 2.2%% to 1.8%%. Industrial production in annual expression fell from a level of 10%% to 9.7%%, and investments into fixed capital of China were reduced from 19.9%% to 19.6%%. In the industrial sector of Japan, we also observe deterioration. The latest data for January showed a decrease in industrial production by 0.1%%.
The Commodity market is flat, oil prices this morning are down by 0.11%% on Brent, and 0.68%% on WTI, traded on a level of 106.36$ and 93.94$ per barrel accordingly. Gold is up by 0.23%% on 1254.87$ per troy ounce, and silver is increasing by 0.02%% on a level of 20.31$ per troy ounce.
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2014/01/17
Investors Don't Rush Their Decision-Making
Yesterday, the trading session in the main European stock platforms passed rather quietly, and the main focus of the participants of the market was on statistical data, which mostly coincided with forecasts of analysts. Final data on the consumer price index of Germany was presented for December, which, as expected, increased by 0.4%%. Meanwhile, the similar indicator on the Eurozone grew by 0.3%%, also having coincided with market forecasts.
As a result, the key index of Great Britain, the FTSE100, went down by 0.07%%, the French CAC40 lost 0.3%%, and the German DAX went to a minus by 0.17%%. The regional STXE 600 indicator, in turn, decreased by 0.2%% and was closed on a level of 333.99 points.
As for the macroeconomic statistics published in the United States, in general, it was of a neutral character. Data on inflation for December corresponded to average market forecasts, the consumer price index, taking into account seasonality, grew by 0.3%%, and the basic indicator of inflation added 0.1%%. Furthermore, the number of primary requests for unemployment benefits for the past week practically coincided with the forecast, having decreased from the reconsidered 328 thousand, to 326 thousand. Finally, the index of business activity of the FED of Philadelphia in January, made 9.4 points, when 8.6 points were forecast.
Following the results of the session, the indicator of blue chips, Dow Jones Industrial Average, went down by 0.39%% to the level of 16417.01 points, the index of the wide market, Standard & Poor's 500, decreased by 0.13%% to the level of 1845.89 points, and the index of high-tech industries of Nasdaq Composite went to a minus on 0.09%% and reached the level of 4218.69 points.
In the commodities market, the situation seems to be stabilizing. The price for Brent is increasing by 0.23%% and is on a level of 105.99$ per barrel. WTI is up by 0.52%% on a level of 94.59$. Gold and silver are adding 0.18%% and 0.13%% accordingly, traded on the levels of 1242.44$ and 20.08$ per troy ounce.
Expectations of the continuation of the reduction of the program of quantitative easing, give support to the Dollar, and during the continuation of active discussions on this subject, the attention of investors is concentrated on speeches from the heads of the regional FED. Today, the report on the situation of the economy is going to be made by the president of the FED of Richmond - Jeffrey Lacker.
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2014/01/16
The Success Of The Banking Sector Promotes Growth Of Indices
European stock markets had a rather positive trading session yesterday, the German DAX increased by 2.0%%, having reached a new historical record point. The economy of Germany looks forward with optimism, and, according to forecasts of the German Central Bank, gross domestic product of Germany will grow this year by 1.7%% and by 2%% in 2015.
Among the favourites of growth yesterday in the European stock market, were shares of banks such as Deutsche Bank, adding 3.1%% in value, and Commerzbank, increasing by 3.0%%, added on expectations of the announcement by the European Central Bank of parameters of the stress tests, which carried out, will hopefully increase trust in the European banking system.
The increase of forecasts on growth rates of the world economy by the World bank, and also the rise in price of shares of stocks in the banking sector, alongside the inspiring report of Bank of America, gave support to the American market.
From yesterday's published macroeconomic statistical data, it is possible to note the increase in the Producer Price Index in December by 0.4%%, as it was predicted by the market. At the same time, oil stocks for the past week were reduced, according to EIA, on 7.658 million barrels, whereas analysts expected a decrease in stocks by only 0.613 million barrels.
As a result, the indicator of "blue chips", the Dow Jones Industrial Average index, got stronger by 0.66%% and was closed on a level of 16481.94 points, the index of the wide market S&P 500 went to a plus by 0.51%% to level of 1848.38 points, and the index of hi-tech companies, Nasdaq, recovered by 0.76%% to the level of 4214.88 points.
Papers of the banking sector were, for investors, in special demand. Shares of the second biggest creditor in the USA, Bank of America, rose in price by 2.3%% after it reported more than a quadruple increase in the quarterly profit, which absolutely surpassed forecasts of analysts. Quotations of Wells Fargo & Co and JPMorgan Chase & Co grew, in turn, by 1.8%% and 3%% respectively. Among the favourites of the trading session was also the American corporation, Apple, which market capitalization increased by 2%% due to a statement given by China Mobile, which confirmed that advanced orders of the iPhone reached 1 million units.
The is one more important test ahead– the publication of the report of CPI reflecting inflationary tendencies in consumer level. This index needs to confirm a rise in prices in order to convince representatives of the FED of the possibility of further cutting the monetary easing program. If the numbers show amplifying inflationary pressure, it will mean that the American consumer will be able to overcome any short-term uncertainty, and will continue to spend their savings.
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Among the favourites of growth yesterday in the European stock market, were shares of banks such as Deutsche Bank, adding 3.1%% in value, and Commerzbank, increasing by 3.0%%, added on expectations of the announcement by the European Central Bank of parameters of the stress tests, which carried out, will hopefully increase trust in the European banking system.
The increase of forecasts on growth rates of the world economy by the World bank, and also the rise in price of shares of stocks in the banking sector, alongside the inspiring report of Bank of America, gave support to the American market.
From yesterday's published macroeconomic statistical data, it is possible to note the increase in the Producer Price Index in December by 0.4%%, as it was predicted by the market. At the same time, oil stocks for the past week were reduced, according to EIA, on 7.658 million barrels, whereas analysts expected a decrease in stocks by only 0.613 million barrels.
As a result, the indicator of "blue chips", the Dow Jones Industrial Average index, got stronger by 0.66%% and was closed on a level of 16481.94 points, the index of the wide market S&P 500 went to a plus by 0.51%% to level of 1848.38 points, and the index of hi-tech companies, Nasdaq, recovered by 0.76%% to the level of 4214.88 points.
Papers of the banking sector were, for investors, in special demand. Shares of the second biggest creditor in the USA, Bank of America, rose in price by 2.3%% after it reported more than a quadruple increase in the quarterly profit, which absolutely surpassed forecasts of analysts. Quotations of Wells Fargo & Co and JPMorgan Chase & Co grew, in turn, by 1.8%% and 3%% respectively. Among the favourites of the trading session was also the American corporation, Apple, which market capitalization increased by 2%% due to a statement given by China Mobile, which confirmed that advanced orders of the iPhone reached 1 million units.
The is one more important test ahead– the publication of the report of CPI reflecting inflationary tendencies in consumer level. This index needs to confirm a rise in prices in order to convince representatives of the FED of the possibility of further cutting the monetary easing program. If the numbers show amplifying inflationary pressure, it will mean that the American consumer will be able to overcome any short-term uncertainty, and will continue to spend their savings.
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2014/01/15
Macroeconomic Data And Quarterly Reports Of Companies Are Bringing Positives On The Markets
Yesterday, the American trading session finished on a positive note. Firstly, retails in the USA for December grew by 0.2%, at expectations of an increase of 0.1%. It is a very important indicator of the situation in the US economy, as the consumer demand makes about 70% of the gross domestic product of the country. Obviously, investors did not leave such a positive factor aside.
Statements from the representatives of the FED didn't spoil the mood of investors, and indices continued their growth. The president of the FED of Philadelphia, Charles Plosser, believes that the monetary easing program has to come to an end within the current year, as the economy steadily moves towards restoration. The president of the FED of Dallas, Robert Fisher, also considers that the quantitative program has to be completed, as it is similar to beer alcoholism, whereby everything is seen through rose tinted glasses. "We already reached a condition of intoxication", he stated.
As a result, the Dow Jones increased by 0.71% up to the level of 16373.86 points. The S&P 500 added 1.08% finishing the trading session on a level of 1838.88 points, and Nasdaq Composite grew by 1.69%, up to the level of 4183.02 points.
Additionally, on the positive side, the World Bank raised forecasts of growth rates of the world economy yesterday. According to Bank forecasts, growth of the world economy will make 3.2% against the previous forecast of 3%. I would like to remind you that in 2013, the world economy grew by 2.4%. Optimism of the World Bank is connected with the improvement of the situation in Europe and the USA.
However, the situation in the commodity markets is not so positive. Oil prices and prices of precious metals continue to fall. Brent is down by 0.16%, to the level of 105.43$ per barrel, and WTI is decreasing by 0.09%, to the level of 92.7. Gold and silver prices are down by 0.37% and 0.70% accordingly, traded on a price of 1240.69$ and 20.14$ per troy ounce.
During the day, macroeconomic statistics will continue to be published, and reports of regulators on the state of the economy, which could have an impact on moods of the world markets. Among the most important, it is beneficial to note gross domestic product of Germany, the index of production activity of the USA, the price index of producers of the USA, and the monthly regional report "Beige book". Besides that, investors will follow the release of reports from the American companies, among which, is Bank of America, reporting today.
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Statements from the representatives of the FED didn't spoil the mood of investors, and indices continued their growth. The president of the FED of Philadelphia, Charles Plosser, believes that the monetary easing program has to come to an end within the current year, as the economy steadily moves towards restoration. The president of the FED of Dallas, Robert Fisher, also considers that the quantitative program has to be completed, as it is similar to beer alcoholism, whereby everything is seen through rose tinted glasses. "We already reached a condition of intoxication", he stated.
As a result, the Dow Jones increased by 0.71% up to the level of 16373.86 points. The S&P 500 added 1.08% finishing the trading session on a level of 1838.88 points, and Nasdaq Composite grew by 1.69%, up to the level of 4183.02 points.
Additionally, on the positive side, the World Bank raised forecasts of growth rates of the world economy yesterday. According to Bank forecasts, growth of the world economy will make 3.2% against the previous forecast of 3%. I would like to remind you that in 2013, the world economy grew by 2.4%. Optimism of the World Bank is connected with the improvement of the situation in Europe and the USA.
However, the situation in the commodity markets is not so positive. Oil prices and prices of precious metals continue to fall. Brent is down by 0.16%, to the level of 105.43$ per barrel, and WTI is decreasing by 0.09%, to the level of 92.7. Gold and silver prices are down by 0.37% and 0.70% accordingly, traded on a price of 1240.69$ and 20.14$ per troy ounce.
During the day, macroeconomic statistics will continue to be published, and reports of regulators on the state of the economy, which could have an impact on moods of the world markets. Among the most important, it is beneficial to note gross domestic product of Germany, the index of production activity of the USA, the price index of producers of the USA, and the monthly regional report "Beige book". Besides that, investors will follow the release of reports from the American companies, among which, is Bank of America, reporting today.
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2014/01/14
Decrease Noted On World Platforms During Yesterday’s Trading Session
During yesterday’s trading session, the American players preferred to take profit from the majority of stocks before the publication of the results of the large banks for the fourth quarter of 2013. Growth of some stocks by 25-30%% last year in many respects could be considered as an advance, and fears that reports will not be able to meet expectations, forced the participants of the market to take a third-party position, and take profit.
As a result, the Dow Jones on Monday lost its maximum level of 1.10%% since 20th of September, reaching the level of 16257.94 points.The S&P went back to the levels of the middle of December, decreasing by 1.26%% to the level of 1819.20 points, and Nasdaq Composite decreased by 1.48%% to the level of 4113.30 points.
In comparison to the American indices, the European indices spent the day in a boring side trend, however managed to close the trading session with a small increase. Important statistics in the region were not published, however there were no reasons for sales either. Following the results of the day, the index of the London stock exchange FTSE100, increased by 0.26%%, the French CAC40 added 0.3%%, and the German DAX appeared in a plus for 0.39%%.
This morning, the main indices of the Asian-Pacific region, following the American trading session, show, in general, negative dynamics. The exception being the Chinese Shanghai Composite, adding 0.86%%. The Japanese Nikkei fell upon 3.07%%, the Korean KOSPI lost 0.24%%, and the Hang Seng decreased by 0.45%%. Today in Japan, data on trade balance for the November period in 2013 has been published, which showed record deficit, which caused such a steep correction.
During the day, the attention of investors will be concentrated on news coming from the US and the published data on retails, which will help participants to understand more deeply the current development of the economy in the USA. This data could cause increasing volatility on the currency market and influence further decrease in the stock market.
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2014/01/09
ECB Meeting Will Outline Views Of The Authorities On The Situation In Europe
The FOMC protocol met our expectations, and gave the currency market even more confidence that Ben Bernanke's prophecy will come true, and reduction of incentive will be carried out at each subsequent meeting of the FED. This news gave support to the USD, and pushed its main competitors down, the result being the EUR/USD reaching the level of 1.3550, and traded this morning on a price of 1.3595. GBP/USD was pushed away from maximum levels to the area of 1.6440.
Dow Jones industrial average lost 0.41%%, and reached the level of 16462.74. Nasdaq added 0.26%% and finished the trading session on the level of 4163.88, and the S&P 500 weakened by 0.02%%, to the level of 1837.49 points.
In Europe yesterday, there was quite a lot of macroeconomic statistical data published, the surplus of trade balance of Germany didn't hold to market forecasts in November, and made 17.8 billion Euros against the consensus forecast of 18.0 billion Euros. November industrial orders of the country, on the contrary, increased by 2.1%%, having surpassed forecasts of analysts of 1.5%%. The Eurozone retails in November recorded an increase of 1.4%%, and the Eurozone unemployment rate in November didn't change, making 12.1%%, as expected.
Today, the European Central Bank will hold the first meeting on the interest rate in the current year, and in spite of the fact that we don't expect any changes in monetary policy, it will be very interesting to look at how the authorities estimate the current situation. On one hand, weak inflationary pressure becomes more dangerous every day, however, on the other hand, the position of Germany is getting more stable. We would like to remind you that in November, low CPI became the basis for the reduction of the interest rate of the European Central Bank. Since then, falling only continued: the indicator makes, at present, 0.8%%, instead of the target level of 2%%. Today, everything will depend on the placed accents: if the authorities will claim that the German growth will be sufficient to stimulate restoration of inflationary pressure, it will bring a sense of positivity to the European platforms.
Special attention should also be paid to the unemployment figures coming from the USA.
****
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Dow Jones industrial average lost 0.41%%, and reached the level of 16462.74. Nasdaq added 0.26%% and finished the trading session on the level of 4163.88, and the S&P 500 weakened by 0.02%%, to the level of 1837.49 points.
In Europe yesterday, there was quite a lot of macroeconomic statistical data published, the surplus of trade balance of Germany didn't hold to market forecasts in November, and made 17.8 billion Euros against the consensus forecast of 18.0 billion Euros. November industrial orders of the country, on the contrary, increased by 2.1%%, having surpassed forecasts of analysts of 1.5%%. The Eurozone retails in November recorded an increase of 1.4%%, and the Eurozone unemployment rate in November didn't change, making 12.1%%, as expected.
Today, the European Central Bank will hold the first meeting on the interest rate in the current year, and in spite of the fact that we don't expect any changes in monetary policy, it will be very interesting to look at how the authorities estimate the current situation. On one hand, weak inflationary pressure becomes more dangerous every day, however, on the other hand, the position of Germany is getting more stable. We would like to remind you that in November, low CPI became the basis for the reduction of the interest rate of the European Central Bank. Since then, falling only continued: the indicator makes, at present, 0.8%%, instead of the target level of 2%%. Today, everything will depend on the placed accents: if the authorities will claim that the German growth will be sufficient to stimulate restoration of inflationary pressure, it will bring a sense of positivity to the European platforms.
Special attention should also be paid to the unemployment figures coming from the USA.
****
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2014/01/08
Statistics From The US Didn't Inspire Investors
The trading session at the European stock exchanges began today in the red zone, however, yesterday indices showed rather flat dynamics. The index of the London stock exchange (FTSE100) was closed on a level of 6730.73 points. The index of the Parisian stock exchange (CAC40) decreased by 0.47%% and reached a level of 4227.54 points, and the index of the Frankfurt stock exchange lost 0.08%%, and was closed at the level of 9428.00 points. At the present time, the FTSE100 is decreasing by 0.15%%, CAC40 by 0.22%%, and DAX by 0.04%%.
The main American indicators were closed yesterday also in the red zone, pushed down by the index of economic conditions of ISM in the non-productive sphere, which, in December, reached the level of 53, at average expectations of 54.5. Meanwhile, the orders in the manufacturing industry for November increased by 1.8%%, while analysts on average predicted an increase of 1.7%%.
As a result of the trading session, the indicator of blue chips of Dow Jones Industrial Average, went down by 0.27%% to the level of 16425.1 points. The index of the wide market Standard & Poor's 500 became 0.25%% easier and reached 1826.77 points, and the index of high-tech industries of Nasdaq Composite went to a minus by 0.44%% and was closed at the level of 4113.68 points.
The statistical calendar is not too rich today. Unemployment rate in Germany for December is going to be published, the level of 6.9%%, as previously predicted, is again projected. Also the consumer price index of the Eurozone for December will be presented a bit later. In the evening, data on trade balance of goods and services for November in the US will be published, a negative balance of $40 billion is expected.
At the present moment, the EUR/USD currency pair bargains next to the level of 1.3625. Prices of Oil are slightly up, with Brent increasing by 0.54%% traded on a level of 106.99$ per barrel, and WTI up by 0.35%% at 93.90$ per barrel. Gold and Silver are flat, traded at the prices of 1238.35$ and 20.06$ accordingly.
****
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The main American indicators were closed yesterday also in the red zone, pushed down by the index of economic conditions of ISM in the non-productive sphere, which, in December, reached the level of 53, at average expectations of 54.5. Meanwhile, the orders in the manufacturing industry for November increased by 1.8%%, while analysts on average predicted an increase of 1.7%%.
As a result of the trading session, the indicator of blue chips of Dow Jones Industrial Average, went down by 0.27%% to the level of 16425.1 points. The index of the wide market Standard & Poor's 500 became 0.25%% easier and reached 1826.77 points, and the index of high-tech industries of Nasdaq Composite went to a minus by 0.44%% and was closed at the level of 4113.68 points.
The statistical calendar is not too rich today. Unemployment rate in Germany for December is going to be published, the level of 6.9%%, as previously predicted, is again projected. Also the consumer price index of the Eurozone for December will be presented a bit later. In the evening, data on trade balance of goods and services for November in the US will be published, a negative balance of $40 billion is expected.
At the present moment, the EUR/USD currency pair bargains next to the level of 1.3625. Prices of Oil are slightly up, with Brent increasing by 0.54%% traded on a level of 106.99$ per barrel, and WTI up by 0.35%% at 93.90$ per barrel. Gold and Silver are flat, traded at the prices of 1238.35$ and 20.06$ accordingly.
****
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2014/01/07
Certain Nervousness Is Observed In The Markets
Development of the main stock markets in the world has been quite different. Key stock indices of the USA showed multi-directional dynamics, whilst trading on the European and Asian platforms has been taking place in positive territory.
On Friday, no important macroeconomic statistical data was published except for data on Oil stocks for the week, which were reduced by 7.007 million barrels, whereas a decrease of 2.975 million barrels was predicted.
As a result of the trading session, the indicator of blue chips of Dow Jones Industrial Average increased by 0.17% to the level of 16469.99 points, the index of the wide market Standard & Poor's 500 lost 0.03% and reached the level of 1831.37 points, and the index of high-tech industries of Nasdaq Composite went to a minus for 0.27% and was closed at the level of 4131.91 points.
An interesting development in the market that can be mentioned is that on Friday, prices of Gold reached a two-week maximum against expectations of a possible increase in demand for ingots and coins. Meanwhile, prices of Platinum grew to the maximum value since November. As a result, prices of Gold raised to the maximum level since the 18th of December, up to 1239.60$ per troy ounce, and this morning Gold is traded on a price of 1238.79$ per troy ounce. At the same time, futures for Platinum reached the maximum value since the 20th of November at the price of 1418.00$ per troy ounce, traded this morning on a level of 1402.98$.
Yesterday, published by HSBC bank, was the index of business activity for December, which fell in the services sector of China from 52.5 points to 50.9 - the minimum value for almost 2 years. Before the 1st of January, industrial PMI of China, counted by national bureau of statistics, decreased from 51.4 to 51.00 points. This afternoon, indices of business activity of France, Germany and the Eurozone, are going to published. No significant changes are expected.
This year also promises to be rather positive for the American economy, and even despite the recent decrease in the ISM index in the manufacturing industry, all data still confirms proceeding restoration. This week will help people to be convinced of the continued development of similar tendencies, as a lot of statistical data will be published - data on business activity in the services sector, data on the labor market, and also the protocol of the last meeting of the FOMC, which will reflect the view of the monetary authorities on the economic prospects of the country.
****
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On Friday, no important macroeconomic statistical data was published except for data on Oil stocks for the week, which were reduced by 7.007 million barrels, whereas a decrease of 2.975 million barrels was predicted.
As a result of the trading session, the indicator of blue chips of Dow Jones Industrial Average increased by 0.17% to the level of 16469.99 points, the index of the wide market Standard & Poor's 500 lost 0.03% and reached the level of 1831.37 points, and the index of high-tech industries of Nasdaq Composite went to a minus for 0.27% and was closed at the level of 4131.91 points.
An interesting development in the market that can be mentioned is that on Friday, prices of Gold reached a two-week maximum against expectations of a possible increase in demand for ingots and coins. Meanwhile, prices of Platinum grew to the maximum value since November. As a result, prices of Gold raised to the maximum level since the 18th of December, up to 1239.60$ per troy ounce, and this morning Gold is traded on a price of 1238.79$ per troy ounce. At the same time, futures for Platinum reached the maximum value since the 20th of November at the price of 1418.00$ per troy ounce, traded this morning on a level of 1402.98$.
Yesterday, published by HSBC bank, was the index of business activity for December, which fell in the services sector of China from 52.5 points to 50.9 - the minimum value for almost 2 years. Before the 1st of January, industrial PMI of China, counted by national bureau of statistics, decreased from 51.4 to 51.00 points. This afternoon, indices of business activity of France, Germany and the Eurozone, are going to published. No significant changes are expected.
This year also promises to be rather positive for the American economy, and even despite the recent decrease in the ISM index in the manufacturing industry, all data still confirms proceeding restoration. This week will help people to be convinced of the continued development of similar tendencies, as a lot of statistical data will be published - data on business activity in the services sector, data on the labor market, and also the protocol of the last meeting of the FOMC, which will reflect the view of the monetary authorities on the economic prospects of the country.
****
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2014/01/06
First trading day of a new year have not been really positive
Investors are just starting to return back from the holidays and the volumes on the markets are gradually increasing. First trading day in a new year have not been so positive as the last trading days of the 2013.
As a result, Dow Jones industrial average lost 0,82%% and reached level of 16441,35 points, S&P 500 decreased for 0,89%% up to the level of 1831,98 points and Nasdaq Composite weakened for 0,80%% reaching level of 4143.07 points.
Situation in the commodities market is quite different. Oil prices lost a bit in value and are traded this morning with Brent adding 0,02%% and WTI loosing 0,17%%, reaching prices of 107,63$ and 95,43$ accordingly.
Prices of precious metals in comparison are adding in value, gold is up for 0,67%% traded on a level of 1233,42$ per troy ounce. Silver managed to overcome level of 20,00$ per troy ounce, this morning bargaining next to the level of 20,13$ per troy ounce.
Participants of the market started again to be interested with an American dollar, due to the fact that the American economy is showing steady growth. ISM index in the manufacturing sphere decreased in December up to 57 points from 57,3, analytics were predicting even more steep fall. This data and the profit fixing factor helped dollar to strengthen its positions and pushed EUR/USD to the area of 1,3670, GBP/USD to 1,6440.
****
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As a result, Dow Jones industrial average lost 0,82%% and reached level of 16441,35 points, S&P 500 decreased for 0,89%% up to the level of 1831,98 points and Nasdaq Composite weakened for 0,80%% reaching level of 4143.07 points.
Situation in the commodities market is quite different. Oil prices lost a bit in value and are traded this morning with Brent adding 0,02%% and WTI loosing 0,17%%, reaching prices of 107,63$ and 95,43$ accordingly.
Prices of precious metals in comparison are adding in value, gold is up for 0,67%% traded on a level of 1233,42$ per troy ounce. Silver managed to overcome level of 20,00$ per troy ounce, this morning bargaining next to the level of 20,13$ per troy ounce.
Participants of the market started again to be interested with an American dollar, due to the fact that the American economy is showing steady growth. ISM index in the manufacturing sphere decreased in December up to 57 points from 57,3, analytics were predicting even more steep fall. This data and the profit fixing factor helped dollar to strengthen its positions and pushed EUR/USD to the area of 1,3670, GBP/USD to 1,6440.
****
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