The Dow Jones Industrial at the end of the day gained 0.25 percent. and amounted to 17,873.22 points. It was the best week for the index since March.
S & amp; P 500 rose by 0.43 per cent . and amounted to 2,099.06 points.
Nasdaq Comp. firmer by 0.65 percent. to 4,933.50 points.
Leaders increases were on Friday telecommunication companies and banks, oil companies were down. Among the participants of the Dow strongest growing shares of Goldman Sachs and UnitedHealth.
On Nasdaq shares gained among others Alphabet, Microsoft and Comcast. Light zniżkował Apple.
“The biggest problem that confronts us, the uncertainty associated with the decisions of the Federal Reserve . in my opinion, we need to see a more pronounced recovery in the US economy, so that people feel confident enough to buy stocks and push them to new heights, “- said Robert Pavlik, chief market strategist of Boston Private Wealth.
after hawkish statements from last week other members of the Fed, the center of attention are the market speculation about possible increases in interest rates later in June.
Fed President Janet Yellen said on Friday that the increase in US interest rates in the coming months, taking into attention to improving the situation of the US economy, may be appropriate.
“it is important that the president supported the Fed records minutes, and what others have said recently members of the Fed, “- said Art Hogan, chief market strategist of the Wunderlich Securities.
Jeffrey Gundlach, CEO of DoubleLine Capital, believes that Yellen is more pigeons than her colleagues from the Fed, and its Friday statement does not suggest a rate hike in June.
In the face of speculation about interest rate hikes strengthened dollar. The EUR / USD is heading towards 1.11, the highest since the end of March.
second reading of GDP USA for the first quarter amounted to 0.8 per cent., against expectations of 0.9 percent. This is the weakest growth qoq from the first quarter of 2015.
In April, above expectations increased number of contracts in the United homes for sale.
index of consumer optimism in the US in may rose mom, but the reading was below expectations.
next week the markets will look information about the situation on the US labor market.
After crossing on Thursday psychological barrier of $ 50 per barrel oil price developed in the vicinity of $ 49, slightly reduced losses in the second half session. During the previous three sessions crude oil in the US gained 3.8 percent.
Market this material is under the influence strengthening of the US dollar, expectations of the outcome of a meeting of OPEC countries at the beginning of June and variable supply. In Canada, Suncor Energy Inc. He intends to resume work on the extraction of oil after a break related to forest fires as early as next week. To work to return the majority of employees of the oil producer.
correction in the oil market is not conducive quotations of energy companies, which They go down manual, both in Europe and in the United States. Gained while technology companies, including Google, who won the litigation with Oracle.
increases in the fourth day of row ended trading on the stock exchanges in Europe. The German DAX index went up 0.13 per cent., The British FTSE gained 0.08 per cent., And the French CAC 40 by 0.05 percent firmer.
the companies in Europe successful debut in Amsterdam scored a manufacturer of light bulbs Philips Lighting. Also gained shares of the pharmaceutical company Roche after positive test results of a new drug.
On Monday, stock markets will be closed in the Britain and the United States.
US GDP QUARTER rose 0.8 PROC – II READING
US Gross Domestic product in the first quarter of 2016. grew by 0.8 percent. in terms of annualized qoq. Analysts had expected US GDP growth of 0.9 percent. in terms of annualized qoq. Said first calculation of an increase of 0.5 percent.
In the fourth quarter of 2015 years of GDP in the United States rose about 1.4 percent. in terms of annualized qoq.
rate hike in the US “RIGHT” – POWELL
Member of the board of governors of the Federal Reserve Jerome Powell said Thursday that the gradual rise in interest rates in the US will the right decision, if the data coming from the US economy will be positive. Powell believes that the US labor market is coming to a situation of full employment, and prices in the US are stable.
MARKET PROPERLY reads minutki FED – BULLARD
Fed Chairman St. Louis James Bullard said on Thursday that the market actually reads the announcement of interest rate hikes in the coming months, contained in minutkach Fed meeting in April. Bullard estimated that “US labor markets are relatively strong and may exert upward pressure on inflation.” Representative of the Fed stressed that the US Federal Reserve in the plan of gradual, dependent on macro data, the normalization of interest rates, where the interest rates would grow gradually over the next few years, assuming that the US economy will continue to develop in line with expectations.
CONSUMER OPTIMISM INDEX US SLIGHTLY BELOW EXPECTATIONS
index level of optimism among US consumers, developed by the University of Michigan, fell in may to 94.7 points. – Are in the final calculation. Analysts had expected the May index at 95.4 points. In April the index stood at 89.0 points.
NUMBER OF CONTRACTS FOR SALE HOMES In the US, the UP
the number of contracts for the sale of houses, signed in April by Americans rose month-to-month 5.1 percent. Wall Street analysts had expected that the number of contracts for the sale of houses will increase by 0.7 percent. month to month. In March, the number of signed contracts for home sales (pending home sales) increased by 1.6 percent. Month-on-month, after adjustment of 1.4 percent.
improved sentiment BRITISH CONSUMERS IN MAY
In May, the mood of British consumers improved and expected their deterioration. Confidence indicator stood at -1.0 points. to -3.0 points. a month earlier. Analysts had expected a decline in V to -4.0 points. Indicator of economic forecasts for the next 12 months was -13 pts., To -14.0 points. in the fourth.
MOODS FRENCH CONSUMER TO IMPROVE
In France, consumer sentiment improved and it is harder than expected. Confidence index fell in May by 98 points. to 94 points. Analysts had expected a month earlier to improve moods and index at 95 points.
INCREASE IN PROFIT INDUSTRIAL SECTOR IN CHINA brakes
the increase in profits in the Chinese manufacturing sector slowed to 4.2 per cent. in April mom., against 11.1 per cent. in March mom. Compared to the first quarter of this year, profit growth in the first four months of 2016. Slowed to 6.5 per cent. from 7.4 percent.
Leaders of the G-7 afraid BREXITU
the leaders of the seven most industrialized countries in the world are the United Kingdom staying in the European Union. Brexit could pose a “serious threat” to the world economy – warned on Friday, the final declaration of the G7 summit in Japan.
in the final declaration, the leaders of the G7 announced new initiatives to revive the global economy, including measures to reduce the oversupply of steel on the world market and called for avoiding currency devaluation in order to increase the competitiveness of the economies and keeping the exchange rate established on the market.
Russia also threatened to maintaining and even tightening of sanctions if it fails to meet its obligations under the agreement in Minsk ws. Ukrainian conflict.
GOOGLE wINS THE COURT WITH ORACLE
the court in San Francisco dismissed the lawsuit Oracle, a software company against Google. Oracle raised in the lawsuit that Google should pay license fees to Oracle for using the Java programming language in the development of the Android operating system, used on smartphones. Oracle announced an appeal.
STOCK EXCHANGE DEBUT PHILIPS LIGHTING
During the first day of trading on the Amsterdam Stock exchange share price Philips Lighting, the world’s largest manufacturer of light bulbs increases by up to 10 percent. to approx. 22.2 euros from 20 euros. IPO went 25 percent. total shares of the company. The offer of shares of Philips Lighting has acquired 750 million. The market value of the entire company after the debut of approx. 3 billion.
Royal Philips, the parent company of the Philips Lighting decided to issue public shares of its incandescent parts after unsuccessful attempts to sell it as a whole.
MICROSOFT AND FACEBOOK LOCATION CABLE IN BOTTOM oF ATLANTIC
Two American technology companies plan to lay submarine cable across the Atlantic. Optical fiber with a length of 6.600 km is to have a capacity of 160 terabytes per second, most of the cables between Europe and North America. The project, which was named MAREA is to be completed in October 2017.
ROCHE MA NEW CURE FOR CANCER
Roche shares rise more than 4 percent. the information about successful clinical trials of the drug Gazyva, intended to control blood cancer.
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