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World markets  |  January 02, 2013 09:46:20

A brief summary of the U.S. markets on 31.12.12 - "unexpected" budget resolution for the New Year

Last trading day on Monday, U.S. stock markets started quite best result at that time still unresolved problem of fiscal cliff and time pressure to vote in Congress and later in the Senate on these matters. However, already leaked reports of clear progress and convergence of political opinions and representations, we can already say that the Senate finally approved the proposal predominance of 89:8 votes and thus averted a significant tax increases and spending cuts strong.

The agreement also was on Tuesday night reviewed and supported by the House of Representatives in a vote of 257:167 and will now be signed by President Obama into law forms. Tax increases will only households at the lower level of income, increase benefits for the unemployed and extensive spending cuts have been postponed for two months and will be further addressed. Individual income tax for more than 400 thousand. USD increase from 35% to 39.6%, and for couples with incomes above 450 thousand. USD. The agreement does not address the U.S. Treasury borrowing limit that was reached on Monday.

The entire above scenario will still be subject to "refine", but in general it can be said that the problem of "fiscal cliff" was over. This of course was at the end of 2012 a positive effect on the stock markets, which eventually reached the New Year's positive states and fixed very solid gains. Likewise, the bloom of some European indices, for example, when the German DAX30 strengthened year by 29%, the highest since 2003.

Specifically, therefore, the major U.S. stock indexes enter the year 2013 with the following conditions: DJIA 13,104.14 points (+1,28%), Nasdaq Composite 3,019.51 points (+2.0%) and the SP 500 1426.19 points (+1 , 69%). Index the CBOE VIX volatility experienced a significant drop in the value of $ 20.40, ie$ -2.32, Respectively. -10.21%. Recap annual profits index seems that the DJIA gained 7.26%, the Nasdaq Composite added 15.91% and the SP 500 has increased by 13.41%.

Monday's sectional view suggests that managed to materials and technologies, while lagged telecoms, consumer goods and health care. Materials were supported by good Chinese HSBC Manufacturing PMI technology and Apple went with an increase of 4.4%.

On commodity markets, crude oil ended the profits 1.1% to $ 91.78 a year but has lost -7.1%. Similarly, gold on Monday added 1.2% to 1676 USD for the whole year but appreciated by +7%. The current situation indicates that oil is on course $ 92.81 per barrel and gold is worth $ 1,682.30 per troy ounce.

Today's Wednesday's first session in January should be under the scrutiny of investors due to solve the fiscal problems in the U.S. and await the Macro also the first year in the composition according to the MBA mortgage index, ISM Index for December in the industry with the expectation of 50.5 points, PMI Manufacturing Index, expenses the construction in November to 0.5% and the number of car sales.Informative will ICSC / GS Store Sales and Redbook.

Asian markets showed home at 2013 rally inspired visual sentiment in the U.S. and Nikkei Average ended +0.70% HangSeng +2.89% and Shanghai Composite +1.61%.

Indications U.S. futures hold higher levels of plus and DJIA +250 points, Nasdaq 100 and S & P points +69,25 +36,10 500 points.

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Stručné shrnutí US trhů dne 31.12.12 – „nečekané“ vyřešení rozpočtu na Nový rok

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