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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