global equity markets
U.S. Federal Reserve meeting and the annual message to Congress, Barack Obama returned to stock market traders optimistic about the restoration of the American economy.
Central Bank of the United States reassured investors by stating that a key interest rate in the country will be maintained in the range of 0-0,25% more for an extended period of time, accented with attention to improving the economic climate in the United States and the absence of significant growth inflation. Thus, Fed officials reaffirmed their intention to keep monetary policy with a soft, atleast until such time as long as they permit low rates of inflation.
Barack Obama, speaking tonight before the Congress, encouraged by the market participants plan to establish the country"s new jobs and support small businesses. They will become a priority for the U.S. economy this year. In the course of Barack Obama"s speech traders on world stock markets started to return to prudent purchases.
Major U.S. stock indices closed yesterday in green with slight modifications. Dow Jones Industrial Average rose to 0,41% - to 10,236.16 points, Standart Poor"s 500 added 0.49% - 1097.5 points, Nasdaq Composite rose by 0,8% - to 2221.41 points.
limiting growth factor was the data from the real estate market: in December, new home sales unexpectedly fell to 342 thousand in comparison with the November 355 thousand - the market participants, in contrast, had hoped to increase to 366 thousand Given the previously seen a sharp decline in sales the secondary market, the news should be perceived as unfavorable.
Metal Market
The main industrial metals seem to have affected substantial corrective mood. Ignoring the reaction of stock markets on the outcome of the meeting the U.S. Federal Reserve and the positive comments of the U.S. president, the market of metals retained in the negative region.
In the fall of the leaders on the London Metal Exchange yesterday was zinc, which fell by 3,6% - to $ 2,236, and lead, whose value decreased by 3,4% - to $ 2,125. Contracts for copper fell 2.05% - up to $ 7230. Quotes of aluminum fell by 1,8% - to $ 2,180. Prices for tin were lower at 0,7% - to $ 17850. The market value of nickel remained virtually unchanged ($ 18195).
Market Oil
Despite the wave of optimism that have affected the stock market traders, the oil market yesterday continued its downward movement. Contracts London Brent cheaper per day on 1,4% - to 72.24 dollars per barrel, roughly the same number lost neftefyuchersy WTI, fixing a mark of $ 73,67 per barrel.
On Thursday morning quotes hydrocarbons little older. Support to the market have not only the message of U.S. authorities, but also domestic news about the state of the fuel market. According to the weekly report of U.S. Department of Energy, in the week from 17 to Jan. 23, commercial crude oil inventories in the country unexpectedly fell by 3.9 million barrels, while inventories of gasoline, in contrast, have increased - by nearly 2 million barrels.
important for the oil market news came today from China: there in order to build industry development strategy to address China"s State Council established the highest power organ of the country - the State Committee of China Energy.
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