|
After short trade in a narrow range, at support of positive statistics key indexes again directed upwards.
Let's remind that data on weekly jobless claims in the USA were much better than the forecast and reached a minimum level since July, 22nd. So, the jobless claims in the USA for a week by September, 30th made 302 thousand, at the forecast 314 thousand. However thus the previous value is revised from 316 thousand to 319 thousand.
Keeping a consumer spirit, investors ignored the statement of the President of Philadelphia Federal reserve bank Plosser who declared that interest rates in the country can be not high enough for restraint of possible rise of inflation.
We still wait for correction of key stock indexes. Last data on the existing home market can put pressure upon the market.
Let's remind that earlier FRS management told about "smooth cooling of the market of the real estate" now many economists, pointing out that the number of new housing starts was sharply reduced because of huge number of unsold houses that, as a result, led to reduction of costs in sector of housing construction.
Evident confirmation of recession in sphere of the real estate became data, which showed significant decrease in the average house price, which returned to ten years' historical levels, raising big doubts concerning growth of the general standard of consumer demand.
Besides investors ignored recoil of oil prices more than 2 % and returning of cost of barrel with the nearest delivery date above a psychological level of $60.
Let's remind that the reason of growth of cost of oil futures, in experts’ opinion, were statements of representatives of OPEC countries about probable reduction of oil production in the near future by 1 % with purpose to support reducing prices.
Thus on a corporate field positive news support the further growth of indexes. So, Target Corp. papers, the second-largest network of retail shops of the USA, were up 67 cents to $58,30 for the period of before trading session due to the statement of representatives of the company that sales of the company on results of September grew 6,7 %, and also informed that the profit by results of a 3-quarter will reach analysts’ forecasts of 53 cents for a share.
Analysts also notice that the total proceeds for September made $4,89 billion, that is 13,4 % above the given parameter of the last year.
Also papers of the largest manufacturer of coffee and the owner of the biggest network of coffee houses in the USA Sturbucks rose in price. On the eve the company announced about growth of sales in own network of coffee houses by 6 % in September that is much better than forecasts of the market’s analysts.
Besides Starbucks raised 22 % the forecast of sales in current year.
Among leaders of drop there was Marriott International Inc., which informed yesterday that incomes in the third accounting quarter decreased 5 % due to low growth of sales and losses in one of divisions of the company.
The company having a network of hotels worldwide, earned $141 million in comparison with $149 a year earlier. Analysts forecast profit in area of 30 cents for a share.
And the quarter proceeds made $2,7 billion and remained at a level of the last year. Analysts expected proceeds in area of $2,8 billion.
Besides the company informed that in the fourth quarter expects the profit in area of 46 - 51 cents for a share, and for all fiscal year within the limits of $1,59 - $1,64 for a share.
As a result Dow-Jones index of New York stock exchange was up 16.08 points and was closed at a level 11866.69. NASDAQ index grew 15.39 points and is at a level 2306.34. S&P 500 index rose 3.00 points and is at a level 1353.22.
And 30-years US Treasury notes’ yield was up 0.040 in comparison with the previous closing and makes 4.761.
Taking into account risks of possible unexpected drop in share indexes, we recommend to keep position outside the market.


|