Positive readings in the US after a very good indication of the ISM services index – Onet.pl

At the close the Dow Jones Industrial fell by 0.06 per cent., To 17540.47 points.

S & amp; P 500 gained 0.31 percent. and amounted to 2,099.84 points.

Nasdaq Comp. increased by 0.67 per cent. and amounted to 5,139.95 points.

index of activity in services in the US rose in July and amounted to 60, 3 pt. – Gave the Institute for Supply Management (ISM) on Wednesday. Analysts had expected the index at 56.2 points. In June the index of activity in services in the US amounted to 56.0 points.

July’s index was the best indication of August 2005. All components of the ISM index recorded an increase, including those describing the new contract and plans for hiring new employees in the US service sector, which is responsible for 80 percent. total product of the US economy.

Wednesday also brought the publication of a report from ADP labor market. It shows that companies in the US came in July 185 thousand. jobs. Analysts assessed that the US economy in July came to 215 thousand. jobs. In June it came to 229 thousand. jobs – according to data from ADP when adjusted to 237 thousand. before correction.

Market analyzes macroeconomic data in the context of future monetary policy in the US. Good readings may increase the likelihood that the Federal Reserve decides to raise interest rates in the US in September.

Key data from the US economy will flow to the market on Friday, when investors become familiar with reading the government’s labor market report for July. Consensus assumes that data this week will show in the US in July, an increase of 225 thousand. new jobs, after an increase in June by 223 thousand. The US unemployment rate in July is expected to remain unchanged at 5.3 percent.

One of Governors The Fed Jerome Powell rating Wednesday that the US labor market remains strong. Powell also added, however, that he had not yet taken a decision on the interest rate hike in September.

“Nothing has been determined yet. I have not yet made the decision and certainly not yet taken a decision, the Fed “- Powell said on CNBC.

“Before the hike still would like to see further improvement in the labor market and have a good deal of confidence that inflation will be dropped to a 2 percent target in the medium term. I’ll be very focused on data until the meeting, in particular, data from the labor market, “- he added.

Dennis Lockhart, Atlanta Fed chief, in turn, said Tuesday night that he would support the postponement of interest rate hikes for later only in case of a significant deterioration in data from the US economy. After this statement Lockhart clearly strengthened the dollar and the increased profitability of US government bonds.

For companies after the previous series probate session, rebounded on Wednesday, Apple’s course. About lowered recommendations for the company to “neutral” from “buy,” said Bank of America. Analysts bank substantiate its decision, among others, declining sales growth iPhones.

grew course Netflix after the company confirmed earlier unofficial information about plans for expansion in Asia, the streaming of your Internet service.

Strong declines noted while Disney. The company disappointed market financial report for the second quarter, which showed a lower than consensus revenues.

Better than expected Wednesday proved to macro data from the euro zone. The PMI index, specifying the situation in the euro zone services sector in July amounted to 54.0 points. to 54.4 points. in the previous month – is given final calculation. Pre estimated at 53.8 index points.

Meanwhile, in an optimistic tone on Wednesday, said Greek Prime Minister Alexis Cipras on the negotiations with creditors. The head of the Greek government said that Athens are already close to the end of the talks on the third rescue program. Cipras estimated that the end of the negotiations utnie speculating about the country exiting the euro zone.