A brief summary of the U.S. markets on 27.2.13 - noticeable strengthening
Wednesday's trading session can be described as positive in terms of investors' point of view, when indexes showed the best performance from Second Jan. tr, where growth was even higher after all. Indexes are thus closer to their record highs and the rally again attract more retail investors to the markets.
The main event was a performance by Fed chief Bernanke in Congress, where the second day after the exposé in the Senate on Tuesday defended the policy of the central bank. He said that the bank has the tools to reduce stimulus measures and to control inflation. However, keeping record-low rates are still needed to support housing, automotive market and other parts of the economy. The issue of budget cuts from 1 March (called sequestration) was not the focal point and remained somewhat marginalized. The latest information talks about that issue will not be any significant problem. On this topic on Friday leaders meet Congress and President Obama.
Macro data was composed of durable goods orders in January with the number -5.2% vs. expectations of -3.5%, pending home sales rose significantly by 4.5% vs. expectations of 1.0%.
Major U.S. stock indexes climbed in the following states: DJIA 14,075.37 points (+1,26%), Nasdaq Composite 3,162.26 points (+1,04%) and the SP 500 1515.99 points (+1,27%) . The latter broader index and from the perspective of technical analysis has shown solid support on the border of 1,495 points. Index the CBOE VIX volatility dropped to $ 14.73, ie, $ -2.14, respectively. -12.69%.
On the stock market, oil is on course $ 92.52 per barrel and the price of gold is $ 1,599.80 per troy ounce. On the Forex Cross Rates EUR / USD at 1.3138 limit.
Thursday's trading will be quite heavily represented in the form of initial macro data requirements in unemployment expectations 360 thousand. (Continuing to be 3.15 M), followed by U.S. GDP for Q4 is expected to increase by 0.5% and the Chicago PMI can be with Cifra 54.0 points. Eventually it will supply gas.
Asian markets have taken inspiration from the positive closing U.S. markets and the Nikkei Average ended +2.71% HangSeng +1.96% and Shanghai Composite closed with a profit of +2.26%.
Indications U.S. futures suggest a slightly positive values ??and the DJIA +15.0 points, Nasdaq 100 +5.0 points and SP 500 +1,70 points.
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