Saturday, January 20, 2018

US stock markets have successfully completed the third quarter

US stock markets have successfully completed the third quarter

On Friday, Sept. 30, the US stock and commodity markets Summing up not only by the results of the day and week, but also generalizes a result of ending the month and quarter, rich variety of financial, economic and geopolitical events. In addition, the last trading day in September was accompanied by a fair amount of American and global macroeconomic data.

Macroeconomic statistics in general has stood out quite positive. So, the final index of consumer confidence University of Michigan rose in September to 91.2 points from 89.8 points in August, beating the consensus forecast of 90.0 points and a preliminary value of 90.8 points. Growth in consumer sentiment Americans and their readiness to enhance consumer activity contributed to some improvement in the economic situation and mostly positive trend in the labor markets in the United States.

Pleased investors and the Chicago PMI in the region are generally well correlated with the national trend, which rose in September to 54.2 points against the expected 52.0 points from 51.5 points in August. The index of 4 months in a row is located above the mark of 50 points, above which characterizes the increase in business activity.

Been made public yet, and data on individual budget of US citizens. Personal income in August, as expected, increased by 0.2% after a 0.4% gain in the previous month. While private consumption expenditure in line with expectations for the first 8 months remained unchanged, and the increase has been adjusted from 0.3% to 0.4% in the previous month. The indicator of the national savings rate rose to 5.7% from 5.6% in July. Among other data, the basic consumption price index in line with expectations in August to add on 0.2%, compared with the previous year the index rose by 1.7%.

The main factor in the steady rise of the stock markets on Friday, was the message of the German publication Bild that the US Justice Department sharply reduced the value of the presented the largest German bank Deutsche Bank fine for violations when trading mortgage securities with 14 billion to $ 5.4 billion. This amount is also very burdensome for Deutsche Bank, but still gives hope that the sale of the assets allow him to stay afloat and avoid the fate of Lehman Brothers.

The news cheered stock exchange, which allowed all the major stock indices finish in the black and make a decent gain in the whole week. However, the results of September success accompanied only the Nasdaq index, add on 1.9%, while the Dow Jones index lost 0.5%, while the index of S P 500 lost 0.1%. Quarterly results also proved successful for the entire triad and provided the Dow Jones and S P 500 increase, respectively, in 2.1% and 3.3%, while the Nasdaq index rose by 10.1%.

Dow Jones industrial average index rose by 164.70 points or 0.91% to 18308.15 points, progress by week, was 0.3%. Index of Standard Poor"s 500 rose 17.14 points or 0.80%, to close at 2168.27 points, the gain for the week was 0.2%. Nasdaq Composite Index rose 42.85 points or 0.81% to the value of 5312.00 points, adding during the week 0.1%.

The top division of the US economy Top-30 achieved virtually absolute positive result, with the exception of a minor who has suffered the loss of a leading US telecommunications corporation Verizon Communications (-0.3%). The greatest gain has fallen to the share of the world's largest retailer Wal-Mart Stores (+ 1.97%), the global consumer goods market leader Procter Gamble (+ 1.72%) and the giant Pfizer pharmaceutical industry (+ 1.65%).

The developer of hardware and software for virtualized cluster complexes Nutanix in the debut day of public trading on the NASDAQ soared by 131% over the original offer price to 16 dollars per share.

Major oil and gas companies benefited from a significant increase in oil prices in recent days. Shares of Southwestern Energy and EQT Corporation rose respectively 4.9% and 4.4%.

Leading banks have increased their market capitalization due to lower degree of anxiety over the fate of Deutsche Bank. Bank of America and Citigroup added respectively 3.2% and 3.1%.

The main supplier of processors for mobile devices of many companies, including Samsung Electronics, Qualcomm added 1.6% after it became aware of the impending on his part the proposal to acquire the Dutch manufacturer NXP Semiconductors NV chips for an amount in excess of $ 30 billion.

Large representative of a gaming company Wynn Resorts, which owns the well-known casinos Wynn and Encore, fell by 3.2% due to the resignation of one of the key managers of the company Jamal Abdelaziz.

The price of gold futures for December delivery on the COMEX trading fell by 8.90 dollars or 0.7% to a value of 1317.10 dollars per troy ounce.

Investment attractiveness of gold as an area of ​​alternative and safe investments declined due to the steady growth of share prices on US stock markets. In September, the precious metal has added 0.4%, but at the end of the third quarter loss amounted to 0.3%.

The price of crude oil futures Light for November delivery on the basis of trading on the NYMEX rose 41 cents, or 0.9%, to 48.24 dollars per barrel.

Oil rises in price at the end of 3 consecutive trading sessions after OPEC OPEC on Wednesday at a meeting in Algeria have reached a preliminary agreement on the forthcoming reduction of the total volume of oil production. In general, in September "black gold" has increased in price by 7.9%, while the quarterly results for the first time in this year turned out to be losing a little, but still a loss of 0.2%.


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