USA: 5-day rally, the indices are tired …

 

Friday, 11 September, the most significant news for the American share platforms was the publication of a preliminary index of consumer confidence in the University of Michigan for September, grew to 70.2 points from 65.7 points in August, while analysts predicted more modest growth - up 67.5 points.

This substantial increase in consumer confidence, reflecting favorable trends in the economy and rising stock market, but is merely a potential prerequisite for adequate growth of U.S. consumer spending, which after all experienced turmoil and amid rising unemployment, while still not located in a significant increase cost of investment and wealth, preferring that the multiplication of savings and debt relief.

attracted the attention of the data on wholesale sales increased in July to a maximum of more than one year level, despite the fact that stock levels in the wholesale trade showed a record-breaking series of cuts for 11 consecutive months. The growth of wholesale sales may encourage firms to build up stocks, which will serve as a stimulating factor for the economy.

Another important news was the approval of the U.S. budget in August with a deficit of 111.4 billion dollars, which was much less than the expected 139.5 billion, but the overall budget deficit since the beginning of the year when this has reached the astronomical amount to 1.37 trillion dollars.

All these macroeconomic statistics in one way or another influenced the course of trading, but the main factor in the end, was the desire of investors to take profits after a rally during the 5 previous successful sessions in anticipation of the weekend, resulting in all the major stock indexes completed the day with a minus, the results of the shortened in observance of Labor Day on Monday of the week, however, proved to be the best since July 24.

Index Dow Jones industrial average fell 22.07 points, or 0.23% to 9605.41 points, rising for the week amounted to 1.7%. Index of Standard Poor s 500 sniilsya to 1.41 points or 0.14%, to close at 1042.73 points, winning the week amounted to 2.6%. The Nasdaq Composite Index fell 3.12 points or 0.15% to a value of 2080.90 points, adding in the week 3.1%.

in the top division of the American economy Tor-30, most companies (21) finished in the red zone. The greatest losses of the financial sector, said a spokesman for Bank of America (-1.45%) and JPMorgan Chase (-1.21%), as well as leaders of the energy sector Exxon mobil (-0.95%) and Chevron (-0.98%), retreated to the sharp fall in prices oil.

leading U.S. mobile phone manufacturer Motorola has won a tender by 8.9% due to increasing the rating of its stock analysts Deutsche Bank AG, predskayvayuschimi great market success of new model vehicles, equipped with the Android operating system from Google.

the world's leading manufacturer of bedding Sealy Corp. was successful in 13.4%, announced the appointment of the 1 st Vice-President and head of marketing services companies Jody Alena, well proven in the company's top management Whirlpool.

Shares of the largest U.S. media company CBS declined by 1.6% as analysts Cowen Co felt their current quotation of an excessive amount in the hope of recovery in advertising revenue component of the business, which is unlikely in the next 2 years.

leading provider of software for Internet trading company Salesforce has grown up to the auction by 2.7% due to stabilized demand for software products in the current quarter and a fairly successful sales figures in August.

The world's biggest retail chain selling electronics Best Buy Co. lost up to 3.1% of trades due to lower estimates of recommendatory buying its stock analysts, Oppenheimer Co.

price of gold futures for delivery in December on the basis of trading on the COMEX rose by 9.60 dollars or 1% to a value of 1006.40 dollars per troy ounce.

Investment attractiveness of gold as a zone of anti-inflation investments increased by a maximum one year weakening of the dollar against the euro earlier in the trading price of December gold futures reached a mark of 1013.70 dollars per troy ounce. Gold increased in value up to 4 weeks in a row, compared with a closing level last Friday, winning was 1%.

price of futures on crude oil Light for October delivery on the basis of trading on the NYMEX fell by 2.65 dollars or 3.7% to 69.29 dollars per barrel.

Oil dropped significantly in price because of lower demand for gasoline and other petroleum products for the previous week in the United States, which has led to significant increases in fuel stocks, as well as the nearly 6% m reduction in oil imports by China in August compared with a record high rate of July. Despite incurred substantial losses on Friday, as a whole week oil went up by 1.9%.



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