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Forex · News · USMarket

NEWS / USMarket

USmarket New 2006 year American share indexes have begun with confident growth

11:47 01/05/2006

On a background of assumptions, that the US FRS FOMC has already finished process of interest rate increase in the USA, shares on Wall Street have again begun trading session with growth.

 

Except for this the key indexes have been supported by increasing papers of the companies of technological sector after rise of a rating of Google Inc. shares by the investment company Bear Stearns.

Let's remind that the first trading day of 2006 finished with the confident growth of the stock market on Tuesday. NASDAQ and S&P 500 indexes have especially excelled, which growth became the most significant since April, 2005.

 

Let's notice that investors, keen on positive news, have practically disregarded the information that OPEC wishes to reduce an oil production.

Let's remind that a part of the states-OPEC members want to reduce an oil production in 2 quarter of 2006 on 1 million barrels a day. It has been declared by oil minister of Indonesia Maisar Rakhman today.

"In the 2 quarter we expect excess deliveries of approximately 2 million barrels a day. Some OPEC members wish to reduce manufacture on 1 million barrels a day to avoid drop in prices, - he told. - We would be happy by price for oil WTI at a level of $50 for barrel ".

As a result at a meeting at the end of January OPEC can already make a decision on reduction of oil production in the 2 quarter.

 

And the investors’ bull mood could not be changed by yesterday factory orders data. We shall remind that for November factory orders index in the USA made +2.5 % for a month, at the forecast +2.6 % for a month. And the previous value has been revised from +2.2 % to +1.7 % for a month.

 

As a result Dow-Jones index of New York stock exchange has grown on 32.74 points and was closed at a level 10880.15. NASDAQ index has risen on 19.72 points and is at a level 2263.46. S&P 500 index has come up on 4.66 points and is at a level 1273.46.

Profitability of the US state obligations for 30 years has fallen on 0.011 in comparison with the previous closing and makes up 4.544.

 

As a result we recommend to hold earlier opened purchases of futures for Dow-Jones index from levels 10690. Earlier mentioned purposes of growth hold good also.

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