The European currency continued to rise against the U.S. dollar fifth trading day in a row. It should be noted, however, that growth had weakened markedly, the reason for this slowdown are building the stock market, as well as ambiguous statistics. Investors fear that the rally in the stock market too long and it's time to evaluate the possibility of further growth in the securities market.
Dow Jones industrial average fell by 0,08% to 9.783,92 points. The broader index of Standard Poor s 500 slowed 0,31% to 1.065,49 points. Nasdaq Composite dropped 0.30% at 2.126,75 points. Statistics, published yesterday, wore a somewhat controversial.
Fed manufacturing index rose to 14.2, thus substantially increasing over the August figure 4.2. Note that this index is determining the state of affairs in the manufacturing sector, which accounts for about 1 /6 U.S. economic activity. The number of initial applications for unemployment benefits the week prior to September 12 fell to 545,000 compared with 550,000 the previous week. However, the number of building permits issued was slightly lower than expected, market participants, accounting for 579000. In addition, the level of the beginning of construction in the annual rate decreased by 30% annualized.
However, this statistics nevertheless confirms the view of investors on the end of the recessionary period of the world economy, making investing in riskier assets.
Today, market participants expect the block statistics for the UK, as well as the European data on the balance of payments euro area.
pressure on the dollar remains, but we should not forget that the possible fixing of profits before the next weekend and the growth of the European currency in the pair with the dollar may be suspended.
The European currency continued to rise against the U.S. dollar fifth trading day in a row
The European currency continued to rise against the U.S. dollar fifth trading day in a row. It should be noted, however, that growth had weakened markedly, the reason for this slowdown are building the stock market, as well as ambiguous statistics. Investors fear that the rally in the stock market too long and it's time to evaluate the possibility of further growth in the securities market.
Dow Jones industrial average fell by 0,08% to 9.783,92 points. The broader index of Standard Poor s 500 slowed 0,31% to 1.065,49 points. Nasdaq Composite dropped 0.30% at 2.126,75 points. Statistics, published yesterday, wore a somewhat controversial.
Fed manufacturing index rose to 14.2, thus substantially increasing over the August figure 4.2. Note that this index is determining the state of affairs in the manufacturing sector, which accounts for about 1 /6 U.S. economic activity. The number of initial applications for unemployment benefits the week prior to September 12 fell to 545,000 compared with 550,000 the previous week. However, the number of building permits issued was slightly lower than expected, market participants, accounting for 579000. In addition, the level of the beginning of construction in the annual rate decreased by 30% annualized.
However, this statistics nevertheless confirms the view of investors on the end of the recessionary period of the world economy, making investing in riskier assets.
Today, market participants expect the block statistics for the UK, as well as the European data on the balance of payments euro area.
pressure on the dollar remains, but we should not forget that the possible fixing of profits before the next weekend and the growth of the European currency in the pair with the dollar may be suspended.
Indices in the United States have adjusted downwards on fears unjustified rally, futures on Friday, falling
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