eTrader (eTrader)
World markets  |  December 13, 2012 09:43:31

A brief summary of the U.S. markets on 12.12.12 - FED properly worked out


Wednesday's trading in the U.S. was marked overtly marked by anticipation the outcome of the two-day Fed FOMC meeting, the last meeting of representatives of the U.S. central bank brought a number of new elements in the work of the Fed, and to some extent also overcame investor anticipation of implemented measures.

In the first phase of the session, but indices bravely held out ahead precisely because of assumptions report actions of the central bank. According to the opinions and the market's reaction, however, was this new scenario for the interpretation of investors and markets more challenging than initially might seem.

Of course, the Fed left rates unchanged at 0-0.25% and is expected to replace the ending "Operation Twist" new purchase of government bonds in the initial volume of 45 billion starting in 2013. This means that besides the MBS redemptions established in September this year for the 40 billion USD, the Fed will implement market activity and stimulation in the amount of 85 billion USD.What the Fed set up new is targeting unemployment and inflation rates in relation to when this low rate to be held up until unemployment falls below 6.5% target state (at least in 2015). Also, in terms of inflation (CPI) predicted a period of 1-2 years, should not be higher than 2.5% for holding rates.

Fed also announced its predictions of major economic indicators, when GDP fell outlook tr from 2.0% to 1.8% and for 2013 was lower limits to growth reduced from 2.5% to 2.3%. Inflation in relation to the PCE is not expected to exceed the threshold of 2% over the next 3 years.The BP boss FED, this scenario is confirmed and the purchase of assets is expected to substantially improve the economics of the time. Since the announcement QE1 the Fed bought bonds worth 2.4 trillion. USD and so far we can say without a significant impact on job creation.

In terms of sectors, we managed to finance and telecoms, while weaker performance demonstrated technology and consumption.

Major U.S. stock indexes thus in the end come down to neutral levels and states are: DJIA 13,245.45 points (-0.02%), Nasdaq Composite 3013.81 points (-0.28%) and the SP 500 1428.48 points ( +0.04%). VIX volatility index ended at CBOE on the value of $ 15.95, ie +0.38 USD, respectively. +2.44%.

The program consists Thursday macro data item in the report as the initial requirements Initial Unemployment Claims with expectations of 375 thousand., (Continuing to make 3.2 million), followed by retail sales for November with the number 0.4% (ex-auto should be 0% ), PPI PPI digit -0.5% (in the form of core 0.1%) and trade stocks for October 0.4%.

On the stock market, oil is on course $ 86.53 per barrel and the price of gold is $ 1,700.90 per troy ounce. On the Forex Cross Rates EUR / USD at 1.3093 limit.

Asian trading hit by Nikkei Average ended +1.68% -0.26% HangSeng ended and closed Shanghai Composite -1.02%.

Indications U.S. futures unfolds in a very mild plusses and DJIA +7.0 points, Nasdaq 100 +4,25 points and P 500 +0.10 points.

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