Markets provoke the fed, the oil goes into the lead
The deal between the US and China, perhaps one of the most discussed topics of recent weeks. Latest news: a few days before a decisive meeting (which seems to be nothing to decide), did the comments of the Minister of Finance of the USA Stephen Mnuchin. Yesterday, he expressed a very strong assumption that “the deal is 90 per cent ready”. Like it or not, the markets do not know, however, hastened to put in quotes your reaction to such a comment.
Spurred stock markets in the first half of the session and the unexpectedly disappointing data for may orders for durable goods. When you forecast to increase 0.3%, the indicator at all recorded a drop by 1.3%. It would seem that the negative data, but for investors it is a signal that the fed will not remain on the sidelines and begin to act – namely, the stronger the intention to reduce the rate. So yesterday the markets tried to create conditions that would be most indicative provoked the regulator on this decision. However, while the representatives of the Federal reserve are facing similar attempts, but without much enthusiasm.
In the end, to the end of the session, the NASDAQ was the only of us indices, which has grown 0.32% fundamental picture has supported corporate report Micron Technology Inc. and its stock, which, however, have soared in price of 13.34%. However, the positive news was not enough for either the DJIA (-0,04% to 26536,82) nor for the S&P500 (-0,12% to 2913,78).
Since yesterday, September futures for Brent price is adjusted, demonstrating the night gaps, and is now trading around $65,28. Cause for concern, however, is not, given that for the last week oil rose in price by 10%.
On Wednesday, for example, has done a spectacular way from 63,54 to 65,87 dollars: the reason was weak data on the US inventories, which dropped by 12.8 million barrels, to 469.6 million this decrease is due to a reduction in the daily amount of energy imports on 812 thousand barrels per day.
Today traders should pay attention to the Eurozone data scheduled for 12:00 GMT: this index of consumer confidence, business climate and economic expectations. The reaction of the dollar is needed to keep track of during the publishing of news on the US at 15:30 GMT as expected, the revaluation of the GDP for the first quarter and Initial claims for unemployment benefits. At 17:00 GMT will be released the statistics for pending sales in the real estate market.
The material is provided,