Friday, January 9, 2015

Good data did not help. On Wall Street, again very restless – Money.pl

Good data did not help. On Wall Street, again very restless – Money.pl

2015-01-09 22:45

 Good data did not help. The Wall Street again very anxious

[Photo: Xinhua / eyevine / EAST NEWS]


The last session this week brought back declines in the US stock market. The focus of investors was a report from the labor market in the US for December.

At the close of the Dow Jones Industrial Average fell 0.95 percent to 17,738.39 points. S & amp; P 500 lost 0.84 percent to 2,044.81 points. The technological Nasdaq Comp. fell by 0.68 percent to 4,704.07 points.

The data on hiring were very good. Sorry, but no report from the labor market was a success, disappointed because data on compensation – Dan Greenhaus rating, chief investment strategist at BTIG.

The number of jobs in non-agricultural sectors in the US December increased by 252,000, while in November rose by 353,000, after adjustment. Analysts surveyed by Bloomberg had expected job growth in non-agricultural sectors at the level of 240,000 to 321,000 in November before the revision.

On the other hand, the unemployment rate in the United States in December was 5.6 percent, compared to 5 , 8 percent in November 2014 years – gave the US Department of Labor. The December reading of this index is at its lowest level since June 2009. Also, this ratio was better than the market estimates (5.7 percent).

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All the major indexes closed the last session of the week in the red ….

At the same time, however, disappointing data on wages. They fell in December by 0.2 percent, the data for November but has been revised down to 0.2 percent month-to-month, with 0.4 percent given previously.

The US labor market for December should not make a difference in terms of timing of the first increase in interest rates in the US – Erste analysts believe. In their view, the most likely date of the increase is still June.

As the last message, the Fed remains “patient” in terms of the start of the normalization of monetary policy in the US. So do not expect too rapid increases in interest rates in the US – Erste analysts wrote in a commentary.

Most of the members of the Federal Open Market Committee is of the opinion that the increase in interest rates in the US are unlikely before April meeting – according to the minutes of the last Fed meeting released this week.

The S & amp; P 500 has gained in the last two sessions 3 percent and thus recovered some losses during a succession of five sessions in a row at the end of the year. Positive market sentiment earlier this week is the result of expectations that soon the European Central Bank will increase the stimulus program.

The expectations regarding the shape of the stimulus program on Friday dampened ECB reports Bloomberg. Citing unofficial sources, it said that the ECB is preparing to buying investment grade assets with a total value of $ 500 billion.

is potentially bad news because it says the value of buying only level of $ 500 billion. Earlier speculation even larger values ​​over a trillion euros, and the President Draghi spoke of unlimited power of the ECB’s actions. Today’s information may disappoint – rated Soeren Steinert, fund managers Quoniam Asset Management.

After stabilization on Wednesday and Thursday, returned Friday falls on the oil market. Brent prices fell during the session below $ 50 a barrel reaching a new long-term lows.

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