Market United States

Trades in the United States on Thursday, rising stock indexes ended the fourth day in a row. The optimism of investors connected with the well-known economist predicted Nurielya Rubin about the prospects for the economy, as well as favorable economic data and quarterly reports. Professor, University of New York Nuriel Rubin said that the U.S. economy out of recession by the end of this year. Nuriel Rubin became well known after 2006, he predicted the time and the main parameters of the current economic crisis.

Data from the labor market have been relatively good. Primary treatment for unemployment benefits last week it was 522 thousand, which is less than the previous value of 42 thousand, in turn, the number of repeated requests per week from June 28 to July 4, fell to 642 thousand This is the most significant decline in the history of reference of such statistics.

relax investors still does not give the situation around the CIT Group. CIT issued a brief message, which said that talks with the government providing financial assistance to terminated and the likelihood of its receipt in the short term insignificant. To date, CIT is trying to get at least $ 2 billion from its lenders. If the company will not be able to do so, you may file suit in court for voluntary bankruptcy. The company collapsed almost 77%. However, information about the possible bankruptcy of CIT Group has long-standing and has not been a surprise for the market.

At the end of the trading index of blue chips Dow Jones Industrial Average rose by 95.61 point, or 1.1%, to 8711 points. The index of wide market growth of SP 500 was closed at 8.06 point, or 0.8%, at around 940.74 points. High tech Nasdaq Composite closed at 22.13 point increase in, or 1.1%, at around 1885 points.

Oil

The price of oil rose Thursday above $ 62 mark per barrel due to macro-economic data from China and the United States. China reported growth of its economy in the II quarter, and the U.S. Department of Labor reported a decrease in the number of applications for unemployment benefits.

As a result of trades on NYMEX August futures for the supply of oil WTI brand went up by $ 0.48 to $ 62.02 a barrel.

Asia

Stock Indexes Asia today demonstrate the positive momentum. Japanese Nikkei, rising more than 0.5%, the index of wide market Topix at 1.2%. Korean Kospi adds more than 0.6%. Chinese CSI 300 INDEX growing at 0.2%. On the mood of the players had a positive impact of the closure of American sites and the declaration Nurielya Rubin on the prospects for the economy.

Yen against the U.S. currency is now trading at 94.60 - 94.65.

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