Yesterday's positive news from the company «Alcoa» today will support the shares in Europe. Additional stimulus to growth can be a pleasant surprise from the report on manufacturing orders in Germany.
Financial performance of the company "Alcoa" were better than forecast, thanks to cost reductions, however, the volume of shipments declined. The company, developed a moderately positive rate. Even after the closure of stock markets reacted to the growth of this news.
Australian dollar again rising, due to unexpectedly good data on the labor market, published this morning. Consumer lending in the U.S. declined by $ 12 billion against expectations of a reduction of $ 10 billion in other words, despite a federal program to support the domestic automobile industry, consumers continue to shun borrowing.
Gold hits new historical records, the current is equal to 1,052 dollars, and the index USD TWI is about to set a new 13-month minimum. Watch the level of 1.4844 on the euro / dollar. In the event of his breakthrough expect another spike in gold.
We maintain our short-term strategy for the shares "buy at lower prices" in the backdrop of the report on income and set a target of the index S & P500 at 1121, the achievement of which we expect somewhere in the period from late October until mid-November.
Saxo Bank
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