Friday, December 16, 2016

Market: closing on a positive note in New York. – The Express

Wall Street ended on a positive note, the 3 major indexes gaining between +0.3 and +0.4%: the Dow Jones grappille +0.3% to 19.850, after peaking to 19.950 but no record with the key), the S&P500 poster +0.4% and the Nasdaq +0.37 percent.

The Russell 2000 generates +0.8% and goes back to 1.366 Points and records the absolute may be reviewed on the occasion of the session of ’4 witches’, which concludes that for many, managing a year 2016 complicated, but when everything is played since 9 November and the election of Donald Trump.

The ‘S&P’ has been argued-just as the european markets by the banks, with JPMorgan Chase +1.5 per cent, Goldman Sachs and Citigroup +1,3%, Zions Bancorp +2% and especially Bank of America (+2.2 per cent).

within the Nasdaq, Applied Materials, Alexion, Skyworks and Autodesk earn +2.8% and stand out but this is Mondelez, which ends in a head (+4.4 per cent)

after a FED meeting without surprise, the operators are focused on the publication of a flurry of ‘stats’ confirming a revival of the economy and inflation in November.

The bond markets, on the other hand accuse the coup (the ’10 years’ climbs up to 2,605%), while the Fed has announced an increase 25Pts rate (to 0.75%) but also and above all left a glimpse of 3 new turns of the screw in 2017.

The FED could bring rates around 1.5%’ by the end of 20147, writes Christopher Dembik, head of macroeconomic research at Saxo Bank.

The long rates in the US are trending in the wake of the figure of inflation in the United States in November, which stood at +1.7% over 12 months (+0.2% compared to October, while the FED was forecasting yesterday evening about +1.5% to end 2016).

Big acceleration on the indices ‘Empire State’ (With+7.5 Pts +1.5 to +9) and in particular the ‘Philly Fed’ (+14Pts to 21.5) for December.

The unemployment hebdo back -4.000 to 254.000, wages -excluding inflation – declined by 0.4% in November (last night, the FED has lowered its estimate of the unemployment rate to 4.7% in 2016 and 4.5% for 2017).

On the foreign exchange market, the euro unscrewed literally (-1,3%) in the floor of the 1.05 against the dollar to 1,0390 (new floor annual registered 1,0350/$ ), while the barrel of WTI falls 0.5% to 50,6$ .

New floor annual for the gold that drops from-1.5% to 1.125$ /Oz (this is just the symmetric of the increase in $ as in euros, it remains practically stable).

Copyright (c) 2016 CercleFinance.com. All rights reserved.

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