US exchanges fell back Friday.
The Dow Jones ended down 0.33 percent to 17,675.16, while the broader S & amp; P 500 index fell 0.33 percent to 2071.22. Technology Heavy Nasdaq ended down 0.92 percent to 4,800.34.
Throughout the week as a whole fell Dow Jones 1.07 percent, which is the worst week since May 13. S & amp; P 500 ended down 1.19 percent and the Nasdaq fell 1.92 percent overall.
– I think there are many distractions in the markets this week. Obviously a lot of focus on the EU referendum and the interest in it very “dovish” -sentimentet from the Federal Reserve. I think that is what has made the market really confused, says chief strategist at JP Morgan Funds, David Kelly, to CNBC.
Brexit
– The reality is that the market considers Brexit as a source to great uncertainty. I must say the consequences for the world economy and financial markets are probably less than people think .. It is important to recognize that central banks and major governments are in strong favor of the UK remains in the EU, says Kelly.
If the British turns back to the EU next Thursday, believes chief strategist Erica Blomgren in SEB that the pound will be 10 percent lower than today, Finance writes newspaper Friday.
Meanwhile, the murder of the 41-year old British Labour politician Jo Cox help the pro-EU grouping can get increased support prior to the election next week.
– It’s a tragic event. I must say that it might change the psychology of the election campaign. And those who are pro-EU can benefit from it, said Director Fariborz Moshiran at the Institute of Global Finance at UNSW Business School CNBC Friday.
Living
The American housing construction fell to seasonally adjusted annual rate of 1.164 million units in May. In April the figure was 1.167 million units.
There were expecting an annual rate of 1.15 million housing starts.
The number of new housing permits rose to an annual rate of 1.138 million units.
the consensus was here on 1,145,000 new building permits.
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