eTrader (eTrader)
World markets  |  October 18, 2012 08:56:00

A brief summary of the U.S. markets on 17.10.12 - housing indexes pulled into plus


Wednesday's trading session in positive introduction nevyznačovala preview investors when technology stocks rather dragged down markets in response to the weakness of the results of two major titles sector, ie Intel and IBM.This meant that the sector was the worst in the SP500 index (then i followed the recommendation brokers reduced the company in question).

This cautious sentiment was later overshadowed by very good macro data from the housing, ie housing market. Newly launched construction (Housing Starts) for September brought the highest number since July 2008 and reached 872 thousand. than expected 815 thousand. as well as building permits for September was almost four-year maximum with 894 thousand digits. vs. assumption of 815 thousand. This obviously affected the real estate sector builders and homebuilders SP SPDR ETF (XHB) gained 1.9%.Individual companies have experienced a hilarious trading with gains between 5-9% (eg, KB Home, Hovnanian, PulteGroup).

Managed to re-finance sector, when, while Bank of America was not rewarded through better HV respectively Kursová, but other banks Citigroup, Goldman Sachs and JP Morgan was reported gains between 1.1% - 3.2%. Even greater appreciation could be seen in European banks.

DJ Transportation Average ended slightly higher than the market average, and grew by 0.6%, when the rising airline and rail titles were rather mixed.

The aforementioned weak or failed technology companies providing networking, having decreased as Cisco Systems, Juniper Networks and F5Networks.

Major U.S. stock indexes are thus ultimately keep the plusses that look like this: DJIA 13,557 points (+0.04%), Nasdaq Composite 3,104.12 points (+0.10%) and the SP 500 1460.91 points (+0, 41%). VIX volatility index ended at CBOE on the value of $ 15.07, ie, $ -0.15, respectively. -0.99%.

On commodity markets, crude ended at $ 92.04 and gold was stronger by 0.4% to $ 1753.10. The current view on this segment shows no major changes and oil is on course $ 92.18 per barrel and gold is the price $ 1,751.80 per troy ounce. On the Forex market are holding stronger euro against the U.S. dollar above the goal namely 1.30 and 1.3113.

What will Thursday at the macro data, we learn by economic calendar from the following: initial requirements Initial Unemployment Claims with expectations of 360 thousand. (Continuing to be 3.275 million), followed by the Philadelphia Fed report for October with the assumption of -0.10 points, as well as leading indicators Leading Indicators for September, with expectations of 0.2%.

Trading in Asia depends positively when the Nikkei Average finished +2.0% HangSeng is +0.86% and Shanghai Composite is +1.48%. This may be because data on the state of the Chinese economy, which posted a 3.Q. GDP growth of 7.4% as expected (but it's slow compared with the number of Q2 7.6%), followed by the October retail sales rose by 14.2% vs. expectations of 13.2% and industrial production also the result of 9.2% exceeded the 9.0% assumption.

Preliminary Indications U.S. futures yet does not share such optimism and DJIA +6 points, Nasdaq 100 -0.75 points and the SP 500 is a neutral level.

 

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