U.S. stock indexes declined on the basis of environment on 0,6-1,4%. Statistics was published in the expectations, however, market participants are accustomed to, that recent figures were better than forecasts, so the reaction to yesterday's publication had been sold. The number of jobs in the United States according to the ADP fell in May to 532 thousand (forecast - minus 540 thousand). In the labor market, yet there is no improvement, until the end of the week the theme of employment will be determined on the market: today, went on weekly number of calls for unemployment tomorrow - the data from the Ministry of Labor on employment in May. If the dynamics of the primary applications for the benefit emerged decline, the number of repeat applications has been steadily growing. The unemployment rate in the United States is projected in May rose to 9.2% versus 8.9% in April.
In addition, yesterday published data on the ISM index in the services sector, which rose last month to 44 points (against 43.7 in April), but did not exceed the forecast, which recently demonstrated similar indices for the regions. This is the amount of factory orders rose by 0.7% with projections of 0.4% and lower in the previous month.
The market share has shown a sharp jump in a very short period of time, the economic signals do not warrant so much optimism, that caused the cooling in the stock market.
U.S. dollar strengthened on the bid yesterday by almost a half cents against the euro. Rate euro / dollar on Wednesday morning tested the level of $ 1.43 per euro today before the opening of tenders in Russia, it is near the mark at $ 1,417. The growth of the dollar accelerated after the agency Fitch Ratings has confirmed the belief in preserving the maximum credit rating the U.S. and UK. Ruble today probably deposited several positions, not only against the dollar, but against a basket of currencies.
Quotations of oil fell by a strengthening dollar and the publication of data on the fall in demand for fuel in the United States. Futures price in July for NYMEX WTI for June 3, fell by $ 2.43 - up to $ 66.12 a barrel. At the London ICE Futures Exchange futures price for July in the Brent crude oil fell by $ 2.29 - to $ 65,88 a barrel.
Asian markets mostly at auction on Thursday show the decline. Opening of tenders in Russia will happen to the drop, the world's best sites are the banks in the Russian market decline equally affect them. By the end of the week, the focus of traders will be given to the forecasts and data on employment in the United States in 16.30 await the weekly figures. Also today, the ECB publishes a decision on the rate and gives a commentary on the prospects of monetary policy, which can cause strong movements in the currency market.
Yevgenia Kanahina
CC Pallada Asset Management,
principal analyst.
In addition, yesterday published data on the ISM index in the services sector, which rose last month to 44 points (against 43.7 in April), but did not exceed the forecast, which recently demonstrated similar indices for the regions. This is the amount of factory orders rose by 0.7% with projections of 0.4% and lower in the previous month.
The market share has shown a sharp jump in a very short period of time, the economic signals do not warrant so much optimism, that caused the cooling in the stock market.
U.S. dollar strengthened on the bid yesterday by almost a half cents against the euro. Rate euro / dollar on Wednesday morning tested the level of $ 1.43 per euro today before the opening of tenders in Russia, it is near the mark at $ 1,417. The growth of the dollar accelerated after the agency Fitch Ratings has confirmed the belief in preserving the maximum credit rating the U.S. and UK. Ruble today probably deposited several positions, not only against the dollar, but against a basket of currencies.
Quotations of oil fell by a strengthening dollar and the publication of data on the fall in demand for fuel in the United States. Futures price in July for NYMEX WTI for June 3, fell by $ 2.43 - up to $ 66.12 a barrel. At the London ICE Futures Exchange futures price for July in the Brent crude oil fell by $ 2.29 - to $ 65,88 a barrel.
Asian markets mostly at auction on Thursday show the decline. Opening of tenders in Russia will happen to the drop, the world's best sites are the banks in the Russian market decline equally affect them. By the end of the week, the focus of traders will be given to the forecasts and data on employment in the United States in 16.30 await the weekly figures. Also today, the ECB publishes a decision on the rate and gives a commentary on the prospects of monetary policy, which can cause strong movements in the currency market.
Yevgenia Kanahina
CC Pallada Asset Management,
principal analyst.
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