Photo: BRENDAN McDermid / Reuters
Dow Jones Industrial at the end of the day he lost 0.35 per cent. and amounted to 18,481.48 points.
S & amp; P 500 fell by 0.52 percent. and amounted to 2,175.44 points.
Nasdaq Comp. zniżkował by 0.81 percent. to 5,217.69 points.
Business during Wednesday’s session was limited as markets tensely waiting for the occurrence Fed Chairman Janet Yellen on Friday, which may suggest further plans to raise interest rates in the US.
“It’s the most important thing, which await markets. I do not think anyone could be clear what in fact tell the president Yellen “- said Matt Tuttle, chief investment strategist Tuttle Tactical Management.
Bruce McCain, chief investment strategist at Key Private Bank notes that investors would prefer that the president Yellen did not say basically anything that could move the market.
“We have a dull period and investors are hoping that will continue to be a boring, because in this boredom markets climb up” – said McCain.
the market expects that the speech of the head of the Fed during the annual symposium for central bankers from around the world organized by the US central bank in Jackson Hole, provide information on plans regarding the Fed interest rate hikes in the coming months.
Z listing futures contracts that valued by the market likely to increase at the next Fed meeting in September, is now 28 percent. Valued by the market likely to increase by the end of the year is now estimated at about 51 percent.
The companies included in the the Dow Jones recorded the strongest decline in shares of IBM and Home Depot.
Wednesday’s session was the worst for companies health sector from June 24.
Heavily depreciated exchange retail chain Express after the publication of the company’s disappointing quarterly results, which were worse than expectations for both net profit and revenue.
Better than expectations were and the results of the quarterly bank RBC. The Bank reported a 17 per cent. profit growth in yoy terms, and announced a dividend increase.
Slightly rising rate pharmaceutical company Pfizer. The company announced that it will buy from AstraZeneca department of the company dealing with antibiotics. Pfizer will pay it $ 725 million. This is the second big deal Pfizer announced this week. On Tuesday, the company announced that it will acquire Medivation as $ 14 billion.
Dissatisfied Wednesday’s data from the US economy . Sale of homes on the secondary market in the United States fell 3.2 percent in July. in terms of mom, while expected a smaller decline of about 1.1 percent. Weak data on Wednesday, followed by a very good read new home sales on Tuesday. Home sales index rose to its highest level in nearly nine years in July.
increases in most stock markets ended sessions in Europe. The German DAX firmer by 0.28 per cent., The French CAC 40 rose by 0.32 per cent., But the British FTSE 100 lost 0.48 percent.
in terms of the sector in Europe during the session, gained the banks and zwyżkom led the Italian companies in this industry. Another session of strong growth noted Italian Unicredit on speculation that the bank sell its Polish branch. Unicredit share price grew by about 5 percent. after growth on a similar scale to the previous session on Tuesday.
lost while companies from the mining sector after as quarterly results gave the industry giant Glencore. Anglo-Swiss company reported in the first half of this year decline in operating profit. Glencore also announced the sale of shares in Australian copper mine Ernest Henry, the value of the transaction is 670 million dollars.
In the currency market is strengthening dollar. The EUR / USD drops to 1,125. On this currency pair reigns this week increased volatility, and the EUR / USD rate is in the range 1.125 – 1.135 in anticipation of Friday’s speech Fed Chairman Janet Yellen.
after data showing an increase in oil stocks in the US last week are losing oil prices. Brent price goes down more than 2 percent. and fell below $ 49 a barrel from.
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