Indices in the United States rose on Wednesday on strong data on the housing market, futures cheaper on Thursday
Aug 27th, 2009 | By admin | Category: Scenario and forecastsU.S. stock indexes rose on Wednesday on data of the maximum of 4 years of increasing sales of new buildings in the U.S. in July, reports Bloomberg. Index futures cheaper in the U.S. Thursday - 8:35 ICN to reduce their quotes is 0,2-0,3%.
Sales of new homes in the U.S. last month rose by 9,6% and reached 433 thousand in annual terms, the share of trade in the U.S.. Analysts had expected only to increase the rate of 1,6%.
pace of new buildings in July, sales reached a record high for the past 10 months.
Against this background podyndeks SP 500, a calculation which includes the shares of construction companies, jumped 3.4%.
Papers
Home Depot, the largest chain stores in the U.S. household products, rallied on the results of the auctions on 0,9%.
Nevertheless, weaker than expected data on orders for durable goods in the United States have kept the rise of American stock market on Wednesday.
Despite the fact that the total volume of orders increased by 4.9%, which has seen a record rise in the past two years, orders excluding transportation equipment grew by only 0.8%, while experts expected increase of 0.9% .
demand for civilian aircraft equipment without showing future business investment, last month decreased by 0.3%.
The volume of capital expenditure is unlikely to recover as quickly as it did before - said vice-chairman of Silvercrest Asset Management in New York, Stanley Nebi. - Investors prefer to take profits.
Stocks
General Electric have fallen in price on Wednesday at 1,3%, 3M, produces various kinds of consumer goods - by 1,7%, Caterpillar - by 1,2%.
Price U.S. securities Steel dropped on the basis of bidding on 2,4% after the Chinese government announced that it is exploring the possibility of eliminating excess capacity in several industries, including cement and steel. There will also be strengthened state control in some sectors of coal, glass and energy industries. Supervision of transactions with shares and bonds of companies from these sectors will be tightened.
Index Dow Jones Industrial Average rose to a market closing on Wednesday at 4.23 points (0.04%) - to 9,543.52.
Standard Poor s 500 rose by 0,12 points (0.01%), amounting to 1,028.12.
value
Nasdaq Composite Index increased by 0.2 points (0.01%) - to 2024,43.
Recommendations on RTS Index futures
Today, small-auction expected volatility mainly through short-term speculative
Most likely, that the markets continue to consolidate the achieved levels
Markets are looking for the reason for the correction, if the futures on the RTS index falls below 105 675 points, the movement may accelerate
The course of Russia's currency on the international Forex remained at levels close to important resistance levels
Sales in Russia's market will not be aggressive, during the day is expected to moderate volatility
Russia's lag indices from the western markets like the possibility of a more substantial correction in the coming weeks
Today the stock market of Russia is expected hetero-directed change in stock prices until the evening news
Until the end of the year expected for Gazprom shares in the corridor 7.9 dollars
