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Forex · News · USMarket

NEWS / USMarket

USmarket Exchange indexes again show obstinate unwillingness to adjust.

00:01 12/05/2006

On a background of unexpectedly low data on ISM index in the USA, the American share market on Friday, on December 1-st sharply decreased. The general decrease at morning tenders made about 1 %.

 

Let's remind that ISM index made 49,5, that was considerably below than analysts and investors expected. The given level was the lowest, since April, 2003.

Later, by the end of the Friday and week tenders key exchange indexes, having changed a direction of movement, won back a part of losses.

 

On a corporate field it is necessary to notice especially growth of papers of a network of retail shops Home Depot, which on a background of rumors that two companies buying up assets, Kohlberg Kravis Roberts and Texas Pacific Group are going to get a part of their assets, showed the greatest growth on Friday, rising 3 %.

It is remarkable that soon after closing of the tenders representatives of the company declared that they did not negotiate with the given companies.

 

However, growth of shares followed reduction. This time papers of the companies of highly technological sector were on sale actively. So, after Department of Justice summoned representatives of companies Advanced Micro Devices and NVIDIA because of investigation of case on offense of the antimonopoly law, their quotations  were practically down 4 %.

 

On Friday during trading session after Ford declared that in comparison with the last year sales in November fell 10 %, papers of a motor-car manufacturer dropped practically 2 %.

However, at that time, shares of motorcar manufacturer DaimlerChrysler demonstrated growth of 5 % in connection with rise of sales in November.

 

Let's remind that after Minister of Power of Saudi Arabia called for reduction of supply, January oil futures on New York commodity exchange added $0,67, having closed at a mark $63,13 a barrel.

On this background future contracts on gold with delivery in February on COMEX of New York commodity exchange increased $0,32 and were closed at a mark $653,45 for ounce.

 

As a result Dow-Jones index of New York stock exchange was down 27.80 points and was closed at a level 12194.13. NASDAQ index dipped 18.56 points and is at a level 2413.21. S&P 500 index reduced 3.92 points and is at a level 1396.71.

And 30-years US Treasury notes’ yield fell 0.020 in comparison with the previous closing and makes 4.541.

 

We recommend, being outside the market, to wait for the big correction of key indexes. The purposes of such correction of Dow-Jones and S&P 500 indexes, mentioned in our last comments, also hold good.

 

 

 

 

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19/12 21.15
TickerBidAsk
USD/CHF1.15601.1562
GBP/USD1.99541.9956
USD/JPY113.4100113.4300
EUR/USD1.43521.4354
AUD/USD0.85770.8581
USD/CAD1.00521.0056
EUR/GBP0.71920.7194
EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
GBP/JPY226.3000226.3600
GBP/CHF2.30702.3080
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