Friday 16 October 2015

Оptimistic end of the week in USA

The end of the week marked a growth on US markets. Investors are betting on risk supported by data on US consumer confidence, which rose in October for the first time since the last 3 months.
The indicator increased to 92.1 points compared to 87.2 points in September, according to the survey of the University of Michigan.
Another report, however, shows a decline of 0.2% in industrial production in the US in September. This is the biggest monthly decline since May. But the Fed data for August wаs revised upward from a decrease of 0.4% to 0.1% and the expectations were for a greater drop in the indicator in September.
The pressure on risk appetite was proved by the words of the President of the Federal Reserve Bank in Cleveland, Loretta J. Mesterr. She said the US economy can handle an increase in the fed fundsrate and that it is appropriate for monetary policy to take a step back fromthe emergency measure of zero interest rates.The effect of this statement, however, is limited by the fact that Mester will be entitled to vote in the Federal Open Market Committee in 2016.

Thus, the Dow rose 0.20% to 17,176 points. Technological Nasdaq stock index increased by 0.16% to 4878 points.  S & P 500 rose by 0.20 percent to 2028 points.
The US dollar increased by 0.23% to 1.1358 EUR/USD, after 0,1% deflation in the euro zone for September was reported today, as expected. The dollar index DXY is up by 0.36% to 94.71.
Futures US light crude for November delivery rose 0.01% to 46.38 dollars per barrel. The price of gold fell by 0.19 percent to $ 1 180.89 per troy ounce.

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