News on 16 dezembro 2013

20:00

Dow +147.54 15,902.90 +0.94% Nasdaq +31.78 4,032.76 +0.79% S&P +13.56 1,788.88 +0.76%

19:21

American focus : the euro lost some previously earned positions against the dollar

Euro fell against the dollar retreated from a session high , which was associated with the release of U.S. data . One of the reports showed that in December, the index of activity in the manufacturing sector of the Federal Reserve Bank of New York rose to 0.98 , compared to -2.21 in November. According to the average forecast of economists , the value of production index would grow to a level of 4.9 .

In addition, it was reported that in December preliminary index of business activity in the U.S. manufacturing sector Markit PMI showed a slowdown in expansion. The index fell from 54.7 to 54.4 , confounding forecast 54.9 , but kept in the area of expansion over the 50.0 mark key . The slowdown impacted by lower index of new orders component , with new export orders remained unchanged . Employment and procurement prices rose moderately .

No less important were also data on industrial production . They showed that industrial production in the U.S. in November for the first time exceeded the pre-recession peak , which is another sign of renewed growth in the economy.

The volume of industrial production, which includes manufacturing, utilities , mining sector grew by 1.1 % compared with October . This is the highest growth for the year . Capacity utilization rose by 0.8% to 79.0 . Economists had expected industrial production growth of 0.6% and capacity utilization to 78.5% . Industrial Production in October revised to 0.1% . Growth in the manufacturing industry, which is the largest in terms of production , made in November to 0.6%. The largest growth was the automotive industry , followed by textile , oil and coal , wood products ,

The Canadian dollar was trading lower against the U.S. dollar , but has regained some of the previously lost positions . Note that a moderate impact on the couple had data that showed that investments in securities of non-residents of Canada in October totaled $ 4.4 billion and mainly occurred in corporate debt instruments . At the same time , Canadian investment in foreign securities decreased due to the sale of shares in the United States.

Investments of non-residents in Canadian bonds decreased by $ 38 million , mainly a reflection of flow of funds between the bond market and the money market .

Investments of non-residents in Canadian stocks rose to $ 4.5 billion , after rising 10.7 billion in September. Increased investment in stocks continues for six of the last seven months . In September, the shares were acquired mainly in the secondary market . In October the price of Canadian shares rose by 4.5% , reaching a peak in May 2011 with

Foreign investment in bonds in October amounted to $ 6.1 billion , mainly due to new securities denominated in U.S. dollars.

Acquisition of foreign corporate bonds in August was $ 4.7 billion , which includes bonds as private and public companies.

Foreign ownership of government bonds declined. Long-term interest rates in Canada declined in October for the second month in a row.

Investments of non-residents in Canadian money market instruments in October fell by $ 6.2 billion after six months of consecutive growth in the amount of 12.4 billion

18:21

European stock close

European stocks climbed the most in two months after a gauge of manufacturing in the euro area rose more than forecast and as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts.

The Stoxx Europe 600 Index advanced 1.3 percent to 313.64 at 4:37 p.m. in London. The regional benchmark gauge fell for two straight weeks, the first back-to-back weekly losses since Oct. 4, as better-than-estimated U.S. economic data led some investors to speculate the Fed will decide to slow bond purchases as early as this week.

National benchmark indexes gained in all of the western European markets except Greece and Luxembourg.

FTSE 100 6,522.2 +82.24 +1.28% CAC 40 4,119.88 +60.17 +1.48% DAX 9,163.56 +157.10 +1.74%

Euro-area factory output grew at a faster pace in December than economists had forecast, led by Germany. An index based on a survey of purchasing managers in the manufacturing industry increased to 52.7 from 51.6 in November, London-based Markit Economics said in a statement. That beat the estimate of 51.9. European

Central Bank President Mario Draghi said at the European Parliament in Brussels today that euro-area fourth-quarter growth will be modest.

U.S. industrial production climbed in November by the most in a year, a report from the Federal Reserve showed today in Washington. Output at factories, mines and utilities rose 1.1 percent after a revised 0.1 percent gain in October that was previously reported as a decline. The median forecast called for a 0.6 percent increase. A separate report showed a gauge of manufacturing in the New York region rose less than economists projected.

Aggreko jumped 8.5 percent to 1,645 pence. The provider of mobile-power generators forecast debt will drop by 200 million pounds ($326 million) compared with the year-ago period. The company expects full-year results to beat estimates, according to a statement. It also announced contracts to provide temporary power to the FIFA World Cup in Brazil and the Commonwealth Games in Glasgow next year.

Deutsche Telekom climbed 3.8 percent to 11.79 euros. Sprint is studying antitrust concerns and may make a bid for T-Mobile in the first half of next year, the Wall Street Journal reported, citing people familiar with the matter. Deutsche Telekom merged its T-Mobile USA unit with MetroPCS Communications Inc.

Moncler rose to 14.97 euros, or 47 percent higher than its initial public offering price, after investors sought about 27 times the amount of stock available. Moncler’s private-equity owners have raised about 784 million euros ($1.08 billion) after selling shares at the top of a targeted range and exercising an over-allotment option.

Hennes & Mauritz AB (HMB) advanced 1.7 percent to 283.10 kronor. Europe’s second-biggest clothing retailer said revenue at stores and operations open at least a year rose 10 percent last month compared with a year earlier. That topped the 4 percent gain estimated in a survey of analysts by SME Direkt. It was the biggest advance in same-store sales in 20 months. The Stockholm-based company’s total sales rose 21 percent in November, compared with a projected 14 percent gain.

ArcelorMittal (MT) SA declined 2.7 percent to 11.72 euros. Nomura Holdings Inc. cut its recommendation on the steelmaker to reduce from buy, saying steel prices will probably fall.

17:00

European stock close: FTSE 100 6,522.2 +82.24 +1.28% CAC 40 4,119.88 +60.17 +1.48% DAX 9,163.56 +157.10 +1.74%

16:41

Oil: an overview of the market situation

Oil prices rose today , while rising above $ 110 per barrel (Brent) and $ 97 per barrel (WTI), against a background of renewed concerns over supplies from Libya . As it became known , Libya failed to reach agreement with tribal leaders to put an end to the blockade of several oil-exporting ports. Libya has cut vital for her oil exports to 110 thousand barrels per day from 1 million in July due to the closure of ports and oil strikes , civil servants and local tribes in the fields . Western countries fear that Libya will slide into chaos due to the inability of the government to control armed groups that helped overthrow Muammar Gaddafi in 2011 and did not lay down their arms .

But analysts warn Commerzban that the impact of negative news from Libya should not be overestimated , given that the country is currently producing only 200,000 barrels of oil per day.

Growth in oil demand also contributed to macroeconomic data from the U.S., which showed that industrial production in November rose 1.1 % compared with October, with growth forecast at 0.6%.

We also add that many investors are waiting for the Fed meeting . December 17-18 U.S. central bank ( Fed ) will hold a meeting at which may decide to reduce the volume of buying bonds to $ 85 billion per month. Such a step may cause an increase in the dollar, which adversely affect the prices of raw materials.

Not unimportant today were data from China , which showed that the expansion in China's manufacturing sector slowed down a bit in the month of December , as production growth is weak, and employment continued to decline even further.

According to the report, the purchasing managers' index for the manufacturing sector from Markit Economics fell in December to three-month low , namely, to reach 50.5 points compared to 50.8 points in November . However, despite this decline, the figure remains above the level of 50 points , indicating that the expansion of the sector .

The price of January futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 97.59 a barrel on the New York Mercantile Exchange.

January futures price for North Sea Brent crude oil mixture increased by $ 1.78 to $ 110.55 a barrel on the London exchange ICE Futures Europe.

16:20

Gold: an overview of the market situation

Gold futures rose sharply, allowing to recover all early losses , and update the session high. Such dynamics are related to the fact that many traders are waiting for the Fed meeting, which will take place this week, and can provide hints about the quantitative easing program , which plays an important role for gold.

Recall that this is the last meeting under the chairmanship of Ben Bernanke as Fed chairman , which increases the chances that any vital decisions would be taken , and the mission of reducing the program of "quantitative easing " the Fed will get a new chapter - Janet Yellen , which will come into office in February . Probably tone Bernanke comments will be soft , no surprises are expected . This would allow investors to finish the year on a positive note .

Meanwhile, experts say that with the approach of Christmas trading volumes in all markets begin to decrease considerably and the thin trading usually means that prices can move very rapidly and substantially .

The course of today's trading also affected the U.S. data , which showed that in December the index of activity in the manufacturing sector of the Federal Reserve Bank of New York rose to 0.98 , compared to -2.21 in November. Note that, according to the average forecast of economists , the value of production index would grow to a level of 4.9 . Recall that the index values above zero indicate expanding activity , and below zero - at its decline.

In addition, there was one more important report , which showed that in December preliminary index of business activity in the U.S. manufacturing sector Markit PMI showed a slowdown in expansion. The index fell from 54.7 to 54.4 , confounding forecast 54.9 , but kept in the area of expansion over the 50.0 mark key . The slowdown impacted by lower index of new orders component , with new export orders remained unchanged . Employment and procurement prices rose moderately .

Cost February gold futures on the COMEX today rose to $ 1242.10 per ounce.

14:36

us. stock open: Dow 15,850.62 +95.26 +0.60%, Nasdaq 4,019.90 +18.92 +0.47%, S&P 1784.60 +9.10 +0.51%

14:30

before the open: S&P (+0.54%) NASDAQ (+0.49%)

U.S. stock-index futures gained, as investors gauged the outlook for stimulus before a two-day Federal Reserve meeting that starts tomorrow.

Global markets:

Nikkei 15,152.91 -250.20 -1.62%

Hang Seng 23,114.66 -131.30 -0.56%

Shanghai Composite 2,160.86 -35.21 -1.60%

FTSE 6,503.7 +63.74 +0.99%

CAC 4,113.29 +53.58 +1.32%

DAX 9,161.59 +155.13 +1.72%

Crude oil $97.17 (+0.61%).

Gold $1235.50 (+0.07%).