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World markets  |  November 30, 2012 09:13:00

A brief summary of the U.S. market on November 29, 12 - influence of macro data and possible solutions "cliff"


Thursday's U.S. trading session from the start was tuned to the positive style when the market got some in the optimistic spirit veiled political commentary about trying to resolve the matter and the need for "fiscal cliff" with as little impact on the economy and population. The reason is, of course, eliminate the new year flat rate tax (abolition of tax exemptions) and reduction of budget expenditures on state administration, as it is set in the current budgetary rules.

Adopted a compromise should fix the issue for at least a short-term horizon, before it adopted any fundamental conceptual solution in the budget and the impact of the order of USD 600 billion will be somewhat eliminated mainly by political negotiations. The White House administration calls for 1.6 trillion. USD tax increases as part of a deal the fiscal cliff, and within this volume is a permanent increase in the debt ceiling, according to WSJ report. But the agreement by the end of the year remains a little over 20 days ...

Yesterday's trading also brought macro data in the form of initial requirements in unemployment resulting from 393 thousand. vs. expectations of 395 thousand. (Ongoing requirements amounted to 3.287 million from 3.357 million the previous), The performance of the U.S. economy in the form of GDP 3.Q. showed a rate of 2.7% vs. expectations of 2.8% and October pending home sales strengthened by 5.2% vs. assumption of 1.0%.

Sectional view suggests that successful titles material and producers of building materials (linked to the figure of the housing), followed by the steel producers and the Market Vectors Steel ETF (SLX) added 1.5%. The technology this time successful and Technology Select Sector SPDR OETF (XLK) added 0.5%. Positive day saw Indian stock when Goldman Sachs realized the upgrade Indian stocks and iPath MSCI India Index ETN (INP) was a profit of 3.4%. Also DJ Transportation Average rose by 0.6% (eg, FedEx and UPS profit in the range of 1.2% -1.6%).Weaker performance demonstrated utility and consumer sector.

On commodity markets, crude ended this week for the first time and gain 1.8% to $ 88.04 and gold at closing in profit was 0.6% to $ 1729.30. The current set of markets shows that oil is on course $ 87.99 per barrel and the price of gold is $ 1,732.60 per troy ounce. On the Forex Cross Rates EUR / USD 1.3023 at the border, so the depreciation of the dollar.

Major U.S. stock indices crossed an important psychological and technical bases and DJIA 13,021.82 points (+0.28%), Nasdaq Composite 3,012.03 points (+0,68%) and the SP 500 1415.95 points (+0,43 %). VIX volatility index ended at CBOE on the value of $ 15.06, ie, $ -0.45, respectively. -2.90%.

Program macrodata final trading day of the week and the month of November includes personal income (+0.2%) and personal spending (+0.1%) in October, as well as personal consumption expenditure prices for October with expectations of 0.2%, and Chicago PMI number for November with 50.7 points.

Asian trading ended the penultimate month of the year plus the territories, and the Nikkei Average ended +0.48%, +0.69% is HangSeng and Shanghai Composite ended up +0.85%.

Constellation indication U.S. futures not so essential when DJIA -10 points, Nasdaq 100 +1.50 points and SP 500 -1.50 points.

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Stručné shrnutí US trhů dne 29.11.12 – vliv makrodat a varianty řešení „útesu“

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