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World markets  |  December 27, 2012 09:56:57

A brief summary of the U.S. markets on December 26, 12 - the end of the year without a rally?

Wednesday's U.S. session started on a positive tone, but this early sentiment failed to keep investors long accustomed to this time of year usually on the growth of the markets for traditional name Santa Claus rally. However, this time the phenomenon has not yet failed, mainly "due to" unresolved budget amendments and (not) to avoid the phenomenon of "fiscal cliff." Due to the fact that by the end of the year only three business days and fiscal inexorably approaching deadline, you can not expect any major degree change of direction in the markets.

Besides this main factor mentioned were released information about the composition of Macro Case-Shiller 20-city index for October with the result of +4.3%, while the previous figure was +3.0%. Other indicators included the ICSC / Goldman Sachs Store Sales, Redbook, Richmond Fed Manufacturing Index, State Street Investor Confidence Index and the announcement on the implementation of auctions of government debt instruments (3, 4, and 6-month bills).

The market was seen because of (non) negotiations around fiscal cliff increased volatility in the financial sector (and will continue) and Financial Select Sector SPDR ETF (XLF) recorded a flat end (but +0.4% Citigroup and Bank of America +2 , 6%).Positive sectors included energy and materials, while the lagged consumer goods (retail chains have been hit by the correction after the holidays) and utility. SPDR SP Retail ETF (XRT) lost 1.7% following a report from MasterCard Advisors SpendingPulse, which reported a 0.7% yoy increase in sales předsvátečních when expected to grow by 4.0% a. This is the weakest performance retail for four years. Material titles session was a success, when China had previously advised that urban development will be a key part of future economic reforms and thus should increase demand for steel.

Major U.S. stock indexes extended losses already for three sessions and have the following states: DJIA 13,114.59 points (-0.19%), Nasdaq Composite 2990.16 points (-0.74%) and the SP 500 1419.83 points (- 0.48%). Index the CBOE VIX volatility showed a significant increase in the value of the highest since July this year, and solidified at $ 19.48, +1.64, ie USD, respectively. +9.19%.

On the commodity markets at the beginning of Thursday commodity markets are not very altered condition, when oil is on course $ 91.33 per barrel and the price of gold is $ 1,658.80 per troy ounce. On the Forex Cross Rates EUR / USD 1.3264 at the border, or rather the direction to the weakening dollar.

Today we can expect in the composition of the initial macro data requirements in Initial Unemployment Claims with the assumption of 375 thousand. (Ongoing requirements to be 3.20 million), followed by opening of new home sales with 379 thousand digits. and consumer confidence for December with expectations of 70.0 points and ultimately the state's gas reserves. The negotiating table should return, President Obama and congressional representatives and signal willingness to move forward or to the compromise agreement, which, if successful, will be reached probably after the New Year.

Asian markets are as follows: Nikkei Average ended +0.91% HangSeng closed +0.35% and Shanghai Composite was finishing with a loss of -0.60%.

Indications U.S. futures not yet have adequate explanatory power and -1.0 point DJIA, Nasdaq 100 -1.25 points and SP 500 +0,90 points.


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Stručné shrnutí US trhů dne 26.12.12 – konec roku bez rally?

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