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Forex · News · USMarket

NEWS / USMarket

USmarket Yesterday markets had a rest, situation did not change much.

11:47 11/24/2006

Yesterday the American stock market did not work due to Thanksgiving Day. For today it is not planned publications of macroeconomic news in the USA and the main event of a day becomes reports on consumer activity in the first day of Christmas and New Year's sales.

 

Let's remind that according to tradition, the beginning of a Christmas trading season comes on November, 24th, a month prior to celebrating of Christmas. Therefore almost all large trading networks in the USA announce unprecedented discounts for the separate goods to entice the buyer into their shops.

 

Let's notice that experts of National Association of Realtors forecast that for first three days of Christmas trade about 140 million people over all country will buy New Year's gifts.

As a whole, for a month 5 %-s' growth of trade turnovers in comparison with the similar period of the last year is expected. By estimations of experts the proceeds of retail trade for before New Year's month will reach $457,4 billion this year.

 

So, for example, the world's largest network of trading supercenters Wal-Mart announced for today a record-breaking low price for the plasma TV in diameter of 42 inches of $988, and the price for flat 20 inch TV is lowered up to $68,97. At the same time the most popular television-game device XBOX 360s is offered for $399, and a classical multipurpose kitchen combine for $149.

Besides price race for buyer’s attention is conducted by the most fast-growing network of the electronics shops in USA Best Buy.

 

It is remarkable that if usual trade counts on 5 %-s' increase in turnovers growth of on-line sales is supposed at a level of 24 % and the sum about $25 billion.

Partly therefore for last three months the quotations of leaders of on-line trade Amazon and eBay raised about 60 % and 40 % accordingly, and it is most likely at successful development the Internet-trade, growth will proceed the nearest month.

 

While, taking into account invariance of a market situation due to days off, we recommend while to be still outside the market.

 

 

 

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