On Thursday, October 4, key indexes of the USA finished the trading session in the positive territory due to Mario Dragi’s statements, and also the publication of data from a labor market, which have surpassed expectations of analysts.
Yesterday the head of European Central Bank confirmed the readiness to activate, in case of need, the Outright Monetary Transaction (OMT) program if certain conditions will be performed and declared that taken before measures helped to facilitate intensity in the markets in recent weeks.
Following the results of the trading session the indicator of “blue chips” the index of Dow Jones Industrial Average raised for 0,598 % to value 13575,36 points, the index of the wide market S&P 500 left in plus for 0,717 % to level 1461,40 points, and the index of the hi-tech companies Nasdaq raised for 0,454 %, having closed on a level of 3149,46 points.
The market of oil should be noted separately, now future contracts are corrected down, loss makes 0,5% and 0,3% on Brent and WTI. Yesterday there was a sharp splash on top, oil returned to those levels which we saw at the beginning of the current week. Uncertainty again appeared in the Middle East, connected with the conflict between Turkey and Syria. Military operations shortly are possible, respectively the geopolitical factor comes back to the market, but today’s morning correction is absolutely natural to that growth which was yesterday.
The price for futures for gold with delivery in December today following the results of the session on COMEX rose for 16.70 dollars or 0.9 % to value of 1796.50 dollars for ounce. Gold added in the price owing to weakening of dollar towards all competing reserve currencies.
In the currency market first of all we note actions of European Central Bank, well more exactly it is Mario Dragi’s statement and respectively favorable macroeconomic statistics in America – this allowed Euro to become stronger, it left at a boundary 1,3020-1,3025, now besides small correction at level 1,3014.
The main event of today is certainly data on the American unemployment.
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