The u.s. stock markets rose Thursday.
the Dow Jones climbed 0,19 percent to 18.903,82, the Nasdaq 0,74 percent to 5.333,97, while the broader S&P 500 index on up 0,47 percent to 2.187,12.
The three nøkkelindeksene are all less than 0.5 percent away from all-time high-the listing.
the Number of shares that rose was slightly higher than the number that fell on the NYSE, where 869 million shares were traded.
“Fryktindeksen” VIX (CBOE) fell to nearly 13,4.
Gold for December delivery fell seven cents to 1.216,90 per ounce.
Yellen will raise the
Investors were anxious before the Fed chief Janet Yellens speech to Congress on Thursday, her first after that Donald Trump was selected as the new president of the united STATES.
In the speech signaled Yellen that the u.s. central bank will vegre to postpone the next increase of the short-term interest rates “for a long time”.
the Federal Reserve believes the case for a rate hike strengthens, but that the bank at the same time must be forward-thinking in the conduct of its monetary policy.
If we expose the increases in the key policy rate for long, we can end up with having to tighten into relatively suddenly in order to prevent the economy from “overskyte” both two of rentekomitéens long-term goals, it was, according to the Financial Times in the so-called “prepared remarks”.
According to CME Group’s FedWatch, the likelihood of a rate hike from the Fed at the December meeting about 90 per cent.
Yellen has further cemented the argument that the interest rate can be raised in the next month. For our part, it is a “done deal”, and the question we focus on is whether the Fed is sensitive to government bond yields, writes chief analyst Naeem Aslam at Think Markets, according to CNBC in a note.
The us “10-year-old” rose to around 2,28 per cent.
the Dollar after the election strengthened by almost four per cent to its highest in over 13 years, and came back on the offensive after a breather earlier in the day. The EURUSD was traded around 1,062.
Awards into improvement
On makrofronten excellent jobless claims to fall to its lowest level in almost exactly 43 years, while igangsettelser of homes popping up all over 25 percent in October.
Consumer prices rose by 0.4 per cent in October – in line with expectations.
- If you then after a few bright spots, is igangsettelser and jobless claims, two of them. I think the market has done a pretty good job with the to praise a Trump-government, and now prices we are an economy in recovery, says chief strategist Art Hogan at Wunderlich Securities to CNBC.
- We can speculate in how the world looks 20. January, but we don’t need to do it with the economy, he adds.
the Oil turned down
oil prices was a long time on the offensive, but WTI-the oil match in late trading on the råvarebørsen in New York city, and ended down 0.3 per cent to 45,42 per barrel.
the Recovery earlier in the day came on the rising optimism that OPEC manages to distribute the produksjonskuttet in line with the agreement that was reached in Algeria in september.
I’m still hopeful that the Algeria-the consensus, with God’s will, will be transferred to a ceiling on the states ‘levels of production, as well as fair and balanced cut among the member states,” says Saudi Arabia’s energy minister Khalid al-Falih, according to Reuters the Saudi-owned Al-Arabiya TV.
Bloomberg quoted also algeria’s energy minister Noureddine Boutarfa that OPEC is near a consensus for a produksjonsavtale over six months. The same man also says that the agreement will contain a mechanism for Iran.
But in the end, therefore, the OPEC optimism overshadowed by concerns about global oversupply and increasing saving, particularly in the united STATES.
Finance showed the way
Among the Dow components showed Home Depot and Goldman Sachs way, with oppganger on respectively. 2.9 per cent of 128,93 dollar and 1.6 per cent to 209,63 dollars.
Cisco Systems weighed down with a fall of 4.8 per cent to 30,05 dollars.
Finance was the fittest of the six S&P 500 sub-indices, which rose, while real estate fell the most.
Wal-Mart was punished with a kursfall 3.1 per cent to 69,19 dollars after a mixed quarterly report, in which earnings were above and revenue below expectations.
Best Buy convinced, however, on both fronts with their quarterly figures, and was rewarded with an increase of 13,7 per cent to the 45,99 dollars.
at the same time, federal prosecutors charged the former toppsjefen in farmasiselskapet Philidor Rx and a former director of Valeant Pharmaceuticals for fraud of several million dollars.
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